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<br />r <br /> <br />L <br /> <br />f? 1,.... Ie ~ "-~ r-r! <br />84 - 002799 <br /> <br />I <br /> <br />84.-- <br /> <br />002583 <br /> <br />9. Condemn.flon. The prnceeds of any award or claim for damages. direcl or consequential, in connection with any <br />condemnation or other taking of the Property, or parllhereof. or for conveyance in lieu of condemnation, are hereby assigned <br />and shall be paid to Lender <br />In the evenf of a total taking of the Property. the proceeds shall he applied 10 (he ~ums secured hy this Deed of Trust. <br />with the exccss, if any, paid to Rorrower. In the event of a partial taking of the Property, unless Borrower and Lender <br />otherwise agree in writing. there shall he applied to rhe sums secured by this Deed of Trust such proportion of the proceeds <br />:.IS is equal 10 thaI proportion which the amount of the sums secured by this DeeLl of Trust immediately prior to the date of <br />laking bears to the fair market value ('If Ihe Property immedialely prior 10 the dale of taking, with the balance of the proceeds <br />paid to Borrower <br />If the Property is ah::mJoned by Borrower, or if. after notice by Lender 10 BorrOWer that the condemnor offers to make <br />an award or settle a claim for damage~, Borrower fails 10 respond to Lender wilhin 30 days after the date such notice is <br />mailed. Lender is authoflzcd (0 collect and .;lpply the proceeds, at Lender's oplion. either to restoration or repair of the <br />Property or to the sums s.ecured by this Deed of Trust <br />Unless' ,cnder and Borrower otherwise agree in wTlllng. any ~llch application of proceeds to principal shall not extend <br />or postpone the due date of the monthly Inst"llmcnls referred to in paragraphs I and 2 hereof or change the amount of <br />'1uch Ins.tallments <br />10. BoFTOwt'r Not Rrlraseod. E1(tcn-;ion of the lIme iar payment or modification of amortization of the sums secured <br />hy this Deed of Tru"il granted by lender 10 rillY "iuccet;;.<;(l.r in interesl of Borrower shall not operate to relea.se, in any manner, <br />the IIahililY of !he original Borrower ~lnd Borrower's successors in Interesl Lender shall not be reqUired to commence <br />proceedings ~gainst such !.UCCes.'\Of or refuse 10 cl\;lend [Ime for payme.nl or otherwise modify jlmortization of the sums <br />..~cured 0'0' thrs. Deed of Trust hv reason ('If an\' demand made- by the original Borrower and Borrower's successors in interest. <br />11. ~Fof"bfoarart('f' by I.r-nd~r Not a \Vah';'. Any forbearance by Lender in exercising any flghr or remedy hereunder. or <br />otherWI'5.-C afforded hy applEcahle Jaw. ..hall nOI he a waiver of or preclude the c'(cTcise of any such right or remedy. <br />fhe procuremenl of Insurance or the payment of 1.1Xes or other liens or charges by Lender shall not be a waiver of Lender's <br />rrght to accelerate th~ maturity of the mde!-ilednes'l; ;;("cured oy this Deed of Trusl <br />12. RemC'din Cumul.ti"t'. All n:mcdle... prnvHled In thl~ Deed of Trusr are di$(m~t and cumulative to an) ot-her fight <br />{H- remedy under rhl" Oeed of Tru~f ~}r afhH'ded h iaw or eqUIty. and may be exercIsed concurrently. independently or <br />~ucC'eul"'el\' <br />13. SII('ceI.."6n.nd <\qicn., 8ound~ Joint and ~veral Liability; <-~.ptio,". The covenant5 and -agreements herein <br />l:ontalflcd ,h3H fHOd, and the nghls h~reunder ..hall Inure :0, Ihe respecllve successors and assigns of Lender and BO'rrower. <br />..~bie-ct 10 the proVl'iIO~S of pa~graph 1"7 hereol All covenants Jnd agreements of Borrower s.hall be- joint and several. <br />The <.:aplton~ and headmgs of the par:;lgr""h~ of It'\!'; f>er-d (~f Trtl'it are for convcnu:-n~ only and are nOl to be used to <br />interpret or define the provlslons nere.ot . <br />'ii, Nntkf'. E\cept for any notiCe reqUired und~r .Jppllcabie law to bc.given In ~mOlher .manner, (a) any notice to <br />Borrower prnvtded for In thIS Deed of Tru\t ~hall he gwen ~y mailing such noUce by certified mall addressed to Borrower at <br />Into Propertv Addle!'>,,> n-r at such ocher addreu ~.. Borrower may designate ny notice to Lender as prOvided herein, 'and <br />i h j an\' noil-Ct" to t _e'nder ;;halt he glv-cn hy CCrlltied mall, return receipt requested, to Lender's addr.ess stated herein or 10 <br />\ouch other addre1~ .ll Lender may d~lgnate hy notice 10 Borrower as proVided herein. Any notice provided lor _in this <br />["keJ of frust :'l.h2H tle deemed 10 have- hc-en glVt~n If) 8-t.nrowc:r or !.cnder when given In the manner designated herein, <br />15_ IJnifonn OHd of l'nttt; (;Oyun-inx La,,'; Murability~ Thl'i. form of deed of truM combines uniform -covenants for <br />na!Hmal use and nnl1,untform covenants With Imuted VarIatIOn!> h)' Junsd1ction W constiturc a uniform security instrument <br />~D'\.t.'rmR rul propert)' ThiS Deed of TrWit shall he go\"-erned hy lht: law of Ihe JUTlsdiction in which the Property is located. <br />In Ihe l~""(-nt th;l;! ;In" provl'lOn or clause of thl!', fked 01 1rmt or Ihe SOle contlicts with appltcable law. such conflict shall <br />rlOI afft"CI nthc-r r,{)VIs.lun~ t)t thiS Oeed o( TrUlH or Ihe Nnl~ wtuch can ne given effect without the conflicting provision. <br />.tnd 10 thl~ t:fld the rrO....l\H.m~ of lhC' need ll{ T;'\1!).t and the Note are declared to be seveTab~. <br />16. Borre_n',; Cop,-. Borrower 1halt lx' IUlol1hed a t,'onfQrmcd copy of the Note and of this Deed of TrU'H at the time <br />,l( ~~rnJhon Of aflt'! r<<ordauoo hereof <br />17. T...adu of 1M Propt'n,; A......pdoo" if 311 f'f <lny pari of the Pro'pert)' or ao interest lhercln is sold Of tr&nsft:rred <br />hy ao-rr(~w~r Wtth()Ul l...cnder\ pnor w-nth:n (Ll)n~etH. exdud'fl~ i;l) the creallon of 3 lien or encumbrance suoordinat_e. to <br />Ihn, D~-t1 01 Trwt. It.) the oeatKl-n cl a purch:l~ moru."y 'Iccurrty mlcral fOf household Ilpphanc;cs, (c) a tea'nsfer by devise, <br />tlexent ~-:-t 0) t)pentl~)n of l.i.... upon fhe death oi :t ft)!n! tenant (If (d) the gtant of any le.asehold interest of three years or less <br />ll\.~t n"'fttillftmg ~fl OptlOll h_" pun::h4$4:. i cutler !ll-ay. .H LCTH.it:(~ ,)pliun, declare dB the-lum!> ~urc:d by this Deed of Trust lO lx <br />HIHUcdl-atc:h' u!;J(: and pa)"abk; I end,er ~hitU h:.a\lC' ",..,,,-cd MKh opt!!)" to accelerate if. prior to the sale or transfer. Lende:r <br />.l.OO the- pen.(Hl h) whom the Ph.l~rt). il W Pc:: i--t~ld l'{ !f;:Jn~fcueJ reach agleenwnl In Wttttflg th.t the -credit ol su~h person <br />l" S-.llt\(ad1)l) to Lender .HW tt14! lhe mh:rc\.! r~~'al)k un the ,"um.. $Cl,.'urcd hy this Deed of Trust shall be- at such ra;re_ i\ <br />I t':nOel ,h..l! r-e4Ud\{_ it t ~fWcf h.t) W<I.Y('d IhC' option lil ii..:-.;:elcfilh:: prQvtucd 1ft this paragraph t7, and if Borrower's- Successor. <br />in mlC-h'J\ot has e,\,<<ut~-d it 'wI,-rll,(-CI\ a.5,\UmphOn 4gr<<nteftl ..t.:('t'pted In ,,""ntmg hy Lender. Lender shan rele.ase Borrower from <br />.\11 OOilg..ttlO-Il-'\ under Inl'!> t1<<-d 01 1"r,,",t ilOJ the Note <br />If Lc,-ndcr "H'f't~S ,-u-(h opHon h-' a..:....'dl,,';LHC_ I ('ntJcr .,tuB miul Hormwcf nollCe or ac~eJerahon in accordance with <br />p.lugrap:h !.i hec~:'l S.u...'h ru;;llK~ ~hail pH....<lJ.e ,J pe-rHld oj n~il k..... ;han .'0 uays from the date fhe notice is mailed within <br />....tw..:-h Bofh)-\i,('f mti) pa) the sum10 ~1~~.HCU Jue If a-on...;ot,~r f..llh, to pOJ,y \uch ;,ums prior 10 the e,pinhon of such period. <br />Lendtf rna/\-'. \.\ uhout !t.H1bcr nO-Itee (H dem~tl-J ,Hi BOIm.'.H~r, H1""(Ik.c an)' renu:~;hcs permitted hy paragraph 18 hereof. <br />NON C""'U--oJlM ('O\t....4./'o,h tlQr:o","cr ..utd Lender lunher .:ovenant ~nJ. agree as follows.; <br />I It !\t"u&ualioa; Ih-mltd..~ E...:t"pt b pl'o'"i4t1I in parac-rapb 17 ~rc:of~ upoo BOITower". brucb of ...y covenul or <br />-cnclltC'nl uf 8om._f'r in th.is (}ff4 of hU$L. indudi"l the: (o\'f'natats to pay when due: any SUfD$ securM. by Ihis ~ <br />of 1<11>1. 1...0<1.. priof to accrl,,'alion ,...... maH nolk. 10 Boun.... .. ptO,lded in _.npII 14 hetCOf .,.,.,lfylnc: (I) Ihe <br />.....ach; Ullhe lKlloo t<qulfCd 10 rul< 'uch b",ach; (31 . d.I', nOl I... Ih... 30 d.ys rr.... lbe dale the nolke Is mailed 10 <br />Ion-owC''', b)' -Nt:b !louch tw"ra.:h mw.t bt- (ured; and (4.) 'bat failure to CUrt st;Kh brexh OD or belore the da'e specified <br />in Ibt noli<< ma.) rnutl in ll("("f'I~...tion of eft.. wms S;('t'urtd b, tbh Oftd of Trust and uk of the Property. The nollce <br />,hall tut1hC'f htf"rm 8otro..t:r 01 lbe ril;hl 10 re:tMtatr diu ac('dc-f'-II.u...t and the riald '0 brine . court .CUOII to a.qel1 <br />tilt- nun'~"DtrnH' of .. ridault ur an) othu tldenSf' of Borrowt'r to accelcratioft and.... If the breach b not cured <br />on ~.H hcforr Ibt- d.a!~ *d.ie-d in th~ Rotin:, l..f'ndt--r _, I..c-ndt'f's option mal declare aU o( tbe sums $rcuftd by this Of'ed <br />of 1 rust 10 bot imm-ediatd, due and paJablc withoul further demand and Rla) in~(llf,t the power of sale and anJ other rt'mediti. <br />pCFluiUe-d b) applk.blc I.",. I..t'nd<< ~h.n lJC' t:ndrkd to rolk-ct aU rf'asonabk cosb and n.pc:ma incurred in pun.llin~ th~ <br />rr-mt'dih pft>"idt-d hi .hb paracraph II. ind..diAl. but nul Jimit~d 10. rea.'!iiOnable .domC')", fea.. <br />If thr pO~t"f of \ak 1\ invoked, Trust~C' ~b.U rt'cord . notit:~ of ddault in tach ('ounty in which the Propcrt) 0' !iiorne <br />part I~rt'of h kKatt'd and shaU mail ropifl of MACh notict in UIC' manntf presC'ribed by applkable la. to 8onowtr and to the <br /><>Ibu p"""'n, ptc""rib<d b} .ppllcable ..... "',.. lbe la.... of ,uch lim. '" lOa} b< rcquiRd b, appllc.hIc law. Tnts1e. sh.n <br />lht' ,u1;U( fW.tK'l:' (if ~k to 1M pt'f"\.Qw. and in fh(' manp('f prt:,\(..'ribed b) IIpplk.b&e III~. Truster, \ollIithoul df':mand tm <br />IlorfO~tr. ,ban 'M'1l tht" Proprrt) .t puNk auction 10 th~ hiche'" biddt.. al th~ Ijm~ and pl.II,.-~ and und-t'r the turns dt"iicnalt"d <br />hI th,. ftQtkt' of uk iq ooe- or mon pafCt':~ and in sut'h ordu Il\ Trust<< ma.) deltrmhlt'_ Trust<< ma)' postpont $al~ of aU <br />UI" an, p.rrrl of 1M Propeny b)' publk- .nnoulK~fJl('-nt .iIIt the- rimr and plan of any pre"iow;ly Sl'hedultd Ulft. I.~ndu or <br />f.-,ndct', clnic"" m.y PUte"- 1M Prop"rty .1 any uk, <br />t.>pon ffff'ipt of pa)'m('t'lt of 1M prkt" hid.. T"",1~ ~hall ddh,t"r 1-0 fht pun"'h~r Tru.st<<'s df'td ('on~t'yin~ tht' Propt"rt) <br />WJlcl.. Tlw ,<<itat, in the Trusf<<'s dud "hall br prima ,.('it- e'(id~nn of tht trU1h of the state-mtnt5 m.tdt thenin, Tru~tt't' <br />dlaII._"., ,ftt. ~rmff~ of tM ...te in tlw foJlowl" tlr,d-n: (a) to .n nti.:~n:llbJt ('~ts and n:ptnsn of the ult:'. indudlng, hut <br />noIltm1tt'd to. l~rustll"e' $ ftC'io or not PtOf'f' than ". \..' ~; of fht' gtoJ.'\ salt prkt, rt>a.wn.bl-t: allO-mey's rt'M .and co~t\ of <br />t1tJc. "1'Urm-t; ib) 10 all turns ~('urt'd b) this f><<d of 'J'.ru~; and tc) tht' "'Tt:S\., if ~nJ, to fht ~r\()fI or pt'N)ft:\ If':'c..n~ rn'Jth:d <br />tUft10. <br />,., aotr~'ft-e-r.$ kil,hl 'i) R€in~.t-t, ""l!"'llh~!;in(hng ll'fh.h:t-.. .1.uckr.111~m "~I lhl' "urn" 'i.....l\H~'tl l'\ :h:~ rh:l-d ,>t 1 <br />tk~n")wc~ ~hllitf h-ah' tht" f'tgh! I" ha\fit .Hl\ ,'~,-..:t('dm!:,\ t'l('-~un h'r l tnd-CI In en!,JfL{" !hi~ t1t~\'d ~lf fflr'! \L\~"~'ltlldt'.J .\! <br />4ft\' Itme rIle! h~ thf t",,,,rhff 'n ,XCiH {If ili tho.' fifth dill. h('1<ltt' The ""it- ,"If {he I'rnp.':I1\ pl:r"u;ln\ II' !hC' p"....rr ,>I -,.Jk _ '''I(.l;'wll <br />tn Ihi\{_>e...--dl'~f T(H'.t{"'{l!'~ntf)'lif a !nd~mt:nl !'l1fOHltlillhr\ DI:t'd ,>f Ti\!q d fh'rr''t\\er p..l\\ l""~,d-('1 ,1H 1.1.)t1l\ ,\11,. f. <br />he t~(h ~hjf' j_'l"l4er ltu," ne,.;j ('l-! "ff,.,1 thc No!!' ~nd tlnYI:'\ ~C',qnf\f: Fl,.llUf\' >\,h.lhd'" ,! .H''i had f'" "t\',t <br />{tit flt,th'1~f nir~H< ,1-H hn:',,\\{-~.. ;\f AI''' nth('"~ -.:rWt"n,lnt\ ,H J!grt't'm{"nto. fk!rrnwn L,'nI3Iru"\1 I" l'lt~t'd: r <tt'f <br />f_>t I lV:vttH'~~r ~"}.~''1 aU n~"\.!"tn-:.i:b-h- t:\f'en~'I. lJlt"l1,n:.d tov t l'.'tHkt ~r\d ~'n!'\!~'-,: ,f' u.,fnr,-'H1-g (I'll: ,<l\",~Mi!" .:\ntl .j,IPI'~'r"<."'I' <br />8,!lftt"T-Wt"f t"nnt-a,irl(""\i In tkto; f>t:ot"d <," Trl,j'j and HI f'nfnh!n~ I c'ld('r \ ,tnd 'r,;\1n' \ rnni"tiH''I, ,).. l'r,-'~"k\j :1' ;',Jf'1~<:I!,I-, <br />~-t~-of. jl't(h.mh~" bu~ nt>! IUT\.,("d In ~("inort~Mt" i!lh\1"t1l:'v\ 1('('.. ;tnd !di n{~tn\",er f,1kT~i. \1,...11 -l:':h'fl J\ ! ~"~drf r<,,\~ <br />'~Httt' h'~ 41'\Uf"J:' Ih.'l1 thr-' heft nf !hH ~d nf fru..t ! t'"n;;1tr'\ ltH~fe'>! H' rht' Pr"-perH ,..!~d R,,'tn,;\.I,~.'" ,,,-t;t';o;.1:; <br />