|
<br />r
<br />
<br />L
<br />
<br />84--
<br />
<br />003011
<br />
<br />9. C.......... The proceeds of any award or claim for damages. direct or contequential~ in connection with any
<br />condemnation or other takin, of the Property. or pIlrt thereof, or ror conveyance in lieu of condemnation, are hereby ...iJlli!d
<br />and .baIl be pIlid to Lender.
<br />In the event of a total takin. of the Property. the proceed. .hall be applied to the .ums secured by this Deed of Trust.
<br />with the excess, if any, pIlid to Borrower. In the event of a partial taldng of the Property, unleu Borrower and Lender
<br />otberwise a_ in writin" there shall be applied to the .ums .ecured by this Deed of Trust .uch pl'OJIOrtion of tlle proc:eodIl
<br />as is equaJ to that proportion which the amount of tlle sums secured by this Deed of Trust Immediately prior to IlIe'daIC"of
<br />lakin, bean to the r.lr market value of the Property immediately prior to the date of laking, with the balance of the prneeecIs
<br />paid to Borrower.
<br />If the Property i. abandoned by Borrower, or if. after notice by Lender to Borrower that lhecondenlnor .... to'~"
<br />In award or settle a claim for damaJCS, Borrower fails to respond to Lender within 30 days after the date.sucIl ....._c.
<br />mailed, Lender Is authorized to collect and appl) the proceeds, al Lender', option, either to rest<>rtdon or Jepair.of.ihio
<br />Property or 10 the sums secured by tbls Deed of Trust.
<br />Unleu I...nder and Borrower otherwise a""" in writing. any such application of proceedllto principlll,shall nOlextend
<br />or postpone the due date of the monthly installments referred 10 in paragraphs I and 2 hereof or challte. thea_t.of
<br />.uch inllallmen...
<br />I', --..- Not R..... !hten.ion of the time for payment or modillcation of amortization of thesumo._ured
<br />by lhi. Deed of 'rrust granted by Lender to any SIJC(:C5$Or in interest of Borrower shan not operate to reiease, in ,any manner~
<br />the liability of the original Borrower and Borrower'. .uccesso... in interest. Lender shall not be required 10 com_
<br />Proceedinll apinst such successor or refuse to extend time for payment or otberw:ise modify amortization-, of- -tbe-'--sums
<br />,ecuted by this De<<! of TI"lI$' by lUJOn of any demand made by the original Borrower and Borrower's succeason in.intelUt,
<br />t I. F...-.-e by LoIIIIer Not a W_r, Any rorbearance by Lender in exen:ising allY rilhl orretllllOdy hereunder, "r
<br />otherwise afforded by .ppi<eable law. shall not he . waiver of or preclude the exercise of any such ri~ or remedy,
<br />The procurement of insurance or the paymeut of taxes or other Ii"". or charJCS by Lender shall nOI be a waIver of Lender.'ll
<br />rillll 10 accelerate the maturity of the IOdebtedness secured by ,his Deed of Trust
<br />12. R_ C__. All remedies provKled m th.. Deed of Trust are distinct and cumulative to any other rilht
<br />or remedy under this Deed of Trust or afforded by law or "'lUll}', and may be exercised cOllCUl'renlly, independendy or
<br />.~_ ... ~ ......., I..... ... Senral UalIlIIly;. ~ The covenants and alfCCllWlts herein
<br />contained shaU bind. and the nghu hereunder shall mur-e 10. the respective successors and assigns of Lender and Borrower,
<br />,ubJC'.C1 '0 the provisions of paracraph 17 hereof All co"enanlS and agreements of Borrower shall be joint and several.
<br />'J'be captions and headinp .of the paragra-pbs (')f this Deed of Trust arc for convenience only and are not to be uted-to
<br />IOlerprrt o-r define the proVIsions hereof_
<br />14. Nodrc. Except for any notice reqwr-ed under apphcable law to be given In another manner. (a) any notice to
<br />Borrower provided for .. this Deed of Trust ,hall be g1ven by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or lit such other 3ddreu a$ Borrower may dntgmue by notice to Lender as provided hereic, and
<br />, b I any notice to Lender .baI1 be given by certified maiL return receipt requested. to Lender'. addresa stated herein or to
<br />such other address as Lender may dalpate by t\OtJcc: 10 Borrow(".f as provided herein. Any notice provided f-or in- 'tbis
<br />Deed of Tr'1'.J&t !balt ~ deemed to h7 -~ heen gIven 10 horrawe-f or Lender when given in tM -'!JII.ImCf_ daiJr'..!ted hefetn.
<br />15. 11..1f_ DeetI of T..- G...e..... I....; ~y, TIll> form of deed pf m"l """,biues umform covenallts for
<br />naLlomtl use and non4lnt{o-rm <;o"~IllS wnh limited vanatK'l-!lS tlv Jun-sdlctIOn to constitute a uniform security' Instrument
<br />(:()ve:ring real prupeny _ Thl$ Deed 01 Tt"U5t ..hail he- gt)\terned hv the law of the JlIfI$dkt.ion in which the Property is located.
<br />In the event that ;tn)' plOVIS-lOfl or damc uf' {hts. l>eed ot Trust or the Note conflicts With applicable 18."". s.udl confticl shall
<br />ftOt aireL; other prO"iimmt ,oJ lh~ r:>ecu of Tn~t or the Note whIch can he given effect Without the confticbDI provision.
<br /><In-a w thts end the prmiPiom of ttJe Deed of Tr~-t ami lhe Note <ire declared to be ~veri.t.rie,
<br />.6. 19nGWel". C.,l. ~r sh-aH be furnt:o;.~d ~ \-ontofme-d ;.:upy of the Note and of lhis Deed of Trust at the time
<br />or c-xecuhon j,,'lf after ~ ~.
<br />17, TnMfa of 1100 "'-"T' ~ If all '" allY part of llw p""",rty or an imcreolthe.reltl i. sold or transferred
<br />0)' Borrower W-Ilbout Lender'!, poor wnltctl ~()n~nl. eJ.cludlOIJ \ l.t) the crcallon of a heu or encumbrance subordinate. to
<br />tbl~ ~ of Tru$'. ib) lbe creallon 01 it pure-haK nllHlCY So<<Uf1lY IOten:sl for household appbanca-. tC} a transfer by devise.
<br />JC$t.:ent or by open'hoP of law upon the death (1.( O! 10101 le-nan1 or I d) lhe g.rant of an)' leasehold inlcfC'St of three years or lest
<br />Ill)t ronuumoa an option to pu,rchuc. LentieT ma)-, ~tt I_etl\ier~s ophon, dedare all the!' ~Ufm secured hy this Deed of Trust to be
<br />tmlnedtatcl)' due and payabh:. Lender ~hilH haH: waived $.Ut.:h option to acceit.nue If, plio! to the s:uJe Of lrander, Lender
<br />and. thE- penon to whom the Propeny ~ lu boc M)!d '-If tf:tn,,-\Jeff-n:! re~-h agreement In wr-itin. that the credit of such per.wo
<br />I~ $aliif8.~tQf) to Lender and t~i the interest J,.."able Llti the ~UfH'" l.C_CUH:.d by {tin De<<t or Trust !ihail be at f'uch rate 85
<br />Lender shan requcat, It t...endor hti w-aw-ed the f.ph..m to ac.:-cdet-ilh: pl'O\'ldcd to thli paragraph- 11, and if Borrower', succeuor
<br />10 mlerftt tUn e-_-.ecw:eU it ow-nileo ~liVik.tl -liii<<mf:iit ;;"';-i'-,;-pteJ Ul wnlUlI hy Lender. Lender !.haii release Borrower from
<br />.tit obhpllOID- undeJ ~htS [)eeO of frust and too Note.
<br />If Unde-r cJ.ercoo such option to .:l':';l:~ler.ale. I -eoder \hail mai.l Botf\l''''''cr notice of l\Ci;;eieralion 10 ~t(.'C'ordance with
<br />paHllraph 14 hereQt, Sw.:h flOlH..':C ~haH P-U)'Ii hit d pc~l\..xj or Hot 1c-:l.'J. Ihltfi :10 03)'5 from tbe date the notic;e i!i maned within
<br />wh~ch IkuroWC::I may fJ3) the sun\& I.lecla.re>J dlle tf liorrnwer "Hls 10 pay ~ucl1, lriuml, pF10f (0 fhe cApmillo-n of such pertod,
<br />Lender may. wlthoul funnel nvIu;::C (If demanU (lO 8orro.-ec Hllo'o""e ,Hl; I'cmedteS permlUed hy pllragraph 18 hereof.
<br />NON-Lslf<*M C()\!J::-HA.Nf~ Kotrvwcr ami Lc:nUef iurlher covenanl and ltgrw itS tollows,
<br />II.. ,.\c(:~Ie...l,io~ Il~Me"'" F.xc-...",,, pIO,ided ift par...... I' Knof, IlpoD Bonow....s bn:acb of afty cove..... or
<br />41ft81c-n1 of 8ono.~'- in chit. lked of I'r... iodltdift& the "'o-~--e_" to pal when due any iIIIU iKurt'd by lbili Deed
<br />ill T......, I...uder prior t" "",.kration .hall mailnoti<< to 8or",...r .. pro.id<d in ....r1IlIra.... 14 her.of ....dfyi..' (I) Ihe
<br />breach: a, the- M:tkm reqUlrffllo ('un' ~ut:h b,e_h; 0) a d-ate, not J6!j than 30 days rrom the daft' the notke is maiIM '0
<br />IIotro-..er. b) ",bich ~uch bre-M'h mw.l .. \ undo aod C4} lb.t faihut: 10 ("tire su('h bre.-h on or befOle the dale spt'dfied
<br />in tlk BUtkC' m.) f.:-wlt in iU:l'dcratiou of ihe 'Wnb lof:i.-ured h) this llffd of hU1ji1 and salt' of the Propert). 'lhe notic~
<br />..aaU fu.rttwr inform 8ono,,"et of Ilk nabl lu c't'imlalr IIhr. ac\:dt'.'alton and rht: richt to brine II ('()urt actioR to a.'iSCrt
<br />tbe Dt.Jn-t:",i\.lelK't. oJ a default 0.. an) utkr defeQW' uf Bono","('f to .jK(-denltloh and ~~. If the brt!'at':h is nol cuct-d
<br />un or befM~ the dace ~ifitd to the nolk"t'~ Le--Jlde... Dl lA"ndeJ'~ op._ ma) de-dau> all of the S:Ufll~ secured h) this O<<d
<br />of htl.\1 to be inunediatel) due- and pa".... \\lthOUI furlher denuuwla.ud nut) in"oke Ihe- po~t.. of sale and lilUY other frD,e-..dit:'s
<br />peruUttd bj applicabk ..,,_ Lendt-r Sohal. lw t'ntjded lo nllkcl aU rCaMlnablt" {(~b and I."xp"n~ in'CuJT~d in punuina: the
<br />rc~ pro-\ided in (hu p.tt.1lI&.rapb 18, ilk"llMiin&~ but nC-lt Iimit~d to, r....asonab&e at1orne"'~ frt',j..
<br />If "w PO""-(,f ul ~ is in"oked, -.'np,1<< lohall rl'~Qn~ II n(jli('~ of ddault in t'JtI.:h ~.-ount) 'fl ",hj<:h th~ It-ropert, Of ~otUc
<br />pM! tMff-Qf k toc.liltt'd and !!ohaU mail \':Ofiie!JI. of JIIu~h nuJict' in (he nt...n<1 prnnibe'd by applicllbW la_ tt~ Bon~'Wiff <H!d w !h~
<br />oIkr pc:rwnu p"'fl,Cri~ b) appiic.... I... ,\h~, the iapw uf ...u~:h time a, 01.'" tw requirtd b) applkable lJl~. Tru,.tu- "haU
<br />a::h-e- pu.bIk oo(k~ of salt to the- pc-BO,"- and to (he manllt'J pr...~ribtd b) app.lkabk- lallli, ThMee.. withuUI demand un
<br />Borro""er. JdaaII !le.ll the P,opc't1) at public auclwn tu tbt: h1chnt btdder a-i th~ time and pta,,-'l' and under Il~ tl'rDlll d~sil.nait'd
<br />io the- ftOtk~ of ~ in QIK or mort' paI'('eb ..-lid in ~uc:h Ofdu It~ Tnl!Jtc-C' mil; ddermine. rru~te-t' "'a) postpone !>ah~ of aU
<br />Of >>1\) pancl of the Propc-(1) tt, JMlblk annouQ(:('nlt~nt at it:w rinu- aud pla<'t" of ~m)' pre\-iou-liil) ~",:heduJed lj,al~. Lcnder or
<br />1 "mIer', ........... ....) pun:."" lhe. Pn>p<ti, al an, ",""
<br />l.'poa tel"-dpt of pa)'IIKJll uf tht: pck"'\': htd. Inbtrt shall dt-UH:r ItJ thi; pu.n;ha~r I rU'!tl~'," d...t>d l'OIl'l't!)'in#, th~ 'TOpt.'(1)
<br />-;oW. n- ru.ila..b to 1M T~.....'~ d~"fl1 shall t-.... prinut. flk:h: t',id~nn nf th~ truth of the- ~ah.'nk':tlb made ttk'n>-in, fruste!t'
<br />..a.au aP:Pb the prOl"ef:ds of tlw ~ in t,k following urdu: \itJ hi aU n:asunabk ('tAb <Iud ,:-xpEfi."'iei\ uf tN: :'<.ilk', indudil1lt_ hut
<br />rwt liaUtftllu--, '1'fltSkt"-lJ r~ of not Otuf't:' ihu '''1 of Ifj'.i of lfttt gfUM!WIlt- (_rk"\'o t'"..sonllbtt' ~U-unh:)'-'; fce~ dud n.l;\tl> lid' dtk t:' idt'm:il';
<br />,hi to. WUb!ll<<'un:d b" th.i~ l)redQrTru'\ii: omd \Ci the Cl..:"'~, iran). to the lM:n,t;U) U"I)il.T'l,()U~ kae;>>ll} 6.'nlitlt'd dl~n.to,
<br />19~ ....'U_4!f.ii Jliahl to Rt'IQit..~. Not\lro-lth\.t.,mJlf\g l.t:lIdc(\ ili..\..ckr.1lh,lfl ,'I l~h: "um" "......-u(\_,d h\. thl'; Ikt',J ,,( Il1\\;
<br />8orh1Wef s.h-aH h~...-c 1he right to h;\i\'tC .-!fly pl'l..~{.",~Jmg-"-, he-gun h~ I cnJCf !;\ \'n1.I[(\" Ihi~ need "l I FH'!l ,11';""iHlllue,J ,\1
<br />any hme PO,,)! to Ibe fath~f to \,)(':CHr of II) fh<: fifth da; ht'fmc the '>dk llj l!--lt: l'rHrh"n~ pur-':'i.j;l;l'I! h) lht" Iw\\cr ,>1 "i.!k ~,\nl,IH)t:'-.l
<br />!n thn. Ot:~d of 'l fU,;.t Of Iii) Cnlr} uf .ill, ~~H.1gftlJ.~n{ ~l'ljtH\,.jn~ tht\ [lt~J i.)f T tli!>! If ~.~; 1\01 ri.''''''(f I'd)" I \'1'1,-""-r ~~ll !<ull!" v. hh h .... ('(11,l
<br />00 thet" due \HUj~H thj~ Deed df lfH~l, the Nolt' and fH_HC', w\..unng fUI.UfIt -\Jloant:("". d Ml\ hJHJ I'll' ,h,dt~r';}H,,-'n "'<.;,:llll'J
<br />!b~ IkKr,)\iocr (un,t'\ .all bre,iiI(:h'l'!. oi any ,}{her \.{l,\,CH<1-nt.. Of dgrce,nent" ,)f HOli\)'A-i.'1 ~,'n\aHl.;\_j ,ll Ihl'> [)i,;l,OJ ;\1 llu_1
<br />~d fklHI')1wt:-1 P6)'\ all rea",ofllilb-k (,"~X"11\\:"" lH;,.Ufft:'d h., l.t-fH.kf ;tlld: -Jnj~i';o;C in cnh'hmg ,h~ ~'_'H'Il.ilH" ,i:lld ,lgln:llH:llh ,,!
<br />~':!!t",,....t_t !..:otHoti-nc,-d in Ihl\; tki:d (,( IfH~1 r*nJ.n t'nt'-'t~mt: J itndet'.. ,lnd l;-u"!<.~('''' )-t'<"m:d!(~.. ,\.. r'r('''l~kd 'n ;1.ll,\~f>lph 1\
<br />11<;"<<1(. itl('..i.H_\-titl~_ hut !1~1-t hmlh.'-J hi !1;';<i"J.{Hah-k aU Utile \ '" lec.." MHl hi! Hn:r\,wt;'l L\~~~\ "u~h i~l..l)~'1l ih I ~'(H.kl m.n :\',P",(\,tf'i\
<br />f\'=qwre til 4Jl\.urt; tha-l !h(: hcn .-.f Ill-I" t~cJ III ltihi, I €tlde",- HHO,,-':"( :;, !h" Pl(1~~j'l\ ,mu n"';!l\'+\"~'" ,',h!!i<\ll>"
<br />
|