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<br />84 -003027 <br /> <br />9. C................ The proceed! of any award or claim for damages, direct or conlequential. in connection with any <br />condemnation or other latiD, of the Property, or pan thereof, or for conveyance in lieu of condemDation, are hereby a..iped <br />and shall be paid to Lender, <br />ID the event of a total latin, of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust, <br />with the ellcess, if any. paid to Borrower, Ir. the event of a panial takin, of the Property. unleu Borrower and Lender <br />otherwise apee in writiDt, there shall be applied to the sums secured hy thIS Deed of Trust such proportion of the proceeds <br />as is equal 10 dial proportion which the amount of the sums secured by this Deed of Tl'Ult immedialely prior 10 lhe date of <br />takiD, hears 10 the fair market value or the Propeny immediately prior to the dale or takin" with lhe balance of the proceeds <br />paid to Borrower, <br />If the Property is abandoned by Borrower, or if, after nolice by Leader to Borrower thaI the COIldenmor offen to make <br />an award or settle a claim fOT damata, Bonowe-r f.ails, li) reapond to l..cndc::r within 30 dap. after the date such notice i~ <br />mailecl, Lender is aulhorized to collect and apply the proceeds, at Leader's option. either 10 restoration or repair of the <br />Property or to the sums secured by this Deed of Trust. <br />Unleu Lender and Borrower otherwise aJree to writing, any such application of proceeds to principal shall not extend <br />:.,~.:.':"...:.':..due date or the monthly ,..tallments referred to to paragraphs J and 2 hereof or chanae lhe amount of <br />10.. .aenvWfi Nul RcInad. Ex.:~-;:Cii d tt-.e ti~ fer Y~Y~f!! (\!" mod!fk.!!.km of .!!!M!rti~ of the sums .secured <br />by this Deed of Trmt granted by Let'lder fO a.ny ~ucce5,Sl)r 10 infel'e5t of Borrower shan not operate to release. in any manner. <br />the liability of the oriJinal Borrower and Borrower's successors in interest. Lcnder shall not be required to commence <br />proccedinp apinst sueb suc.ceuor Of refuse: to ext,end time for payment or otherwise modify amoniution of the: sums <br />secured by this Deed o( Trust by reason of any demand made hy the: original Borrower and Borrower', successoR in interest~ <br />11. F-..e by Le10Mr Sol a Waln,r, Any rorbearance by Lender in e.ercisin, any ri,hl or remedy hereunder, or <br />otherwise afforded by applicable law, shall nOI he a waiver of nr preclude the ellerci.. of any such rialll or remedy, <br />The procurement of insurance or the payment of taxes Of otber liens or charps by lender sball not be a waiver of Lender's <br />ript to accelerate the matunty of the Indebtedness secured by .his Deed of Trm.. <br />11. .-. C~. All ,emedies provided '" ,his Deed of Trusl are disbnel and cumulad.e to an)' olher ri,ht <br />or remedy under thil Deed of Trust or afforded by la.w or eqUtly, and may be exercised concurrently, independently or <br />sucaaaiveJy , <br />13. s..e- ... Maipt ......t Joint a'" Sn_ 1-,.; (..-. T1>e covenants and a,reements herein <br />contained shall bind. and the riJhu, hereunder !lohalJ mure w. the res~-c'!ive suecesson and auigm. of Lender and Borrower. <br />subJeCt (0 tbe provisfoRS of panalfaph 17 hereof AU l".'Ovcnants and agreemcnb ot Borrower ~baU he joiftt and .event. <br />The captions and headinp of (be parag:rapt":..!li of this l1eed of Trust are fo-r convenie-ru;:e only and art not to be used to <br />>Oterprct or dell"" .he prov,.ions hereof <br />.4. Netke. Except ror any noUce requ;-red undet apphcable law to be given In another manner. {a) any notice to <br />Borrower provided for in this Deed oj TnJ3l .hall he gIven by mallin, ouch nOllce by certilled mail addressed 10 Borrower at <br />the Property Addras or at wd1 other "ddttu i1..<;; Borrower rn.a)' daignalC: h}. notice to Lender 3.1 provided herein, and <br />(h ') any notice to Lender shall be liven hy c-ef1died mail return receipt requated, to Lender's address stated herein or .to <br />WC'h otber add.f"C'P as Lc:ndcr may dutgna!" by notlC~ IQ Bom,we-r as pruvltkd hereiu. Any notice prov-'ri.ied fur in this <br />Deed of Trust shaH be deemed to have been given to Borrowcr I,,,f Lender when gjven to {,he manner desipated herein. <br />'5. Uall.... I~ of ~ Go~ 1....-; M".....,.. Thl' form of de-ed of {nllt cOmblM'$ uniform covenant! for <br />flahonaJ IJIC and non~untform COYCftAtilt, wtfh It.", tec \'aflaHom. D) iUfl5dlctto-n to comt;tutc: .1l uniform ~urity lll$trument <br />,-~ovt"rinl real prape:ny Thii Deed of Trust ~~ii ! < goverM:o O\' I~ :3"-" of the )un&du:uot1 In wnich the Property is ioe-atcd. <br />In the event that ,'lOY prO"t-'15ton t,.r daux .;l! thtlo I>eeJ \It Tn~f (~r lhc Note \..ontllct'S wtth upphcab-ie law, such conft.ic-! shall <br />not a.tf~1: l-~he-l prov~ of lhu: Oeed of l'rl,J5i or the Note whu;:h CilO he wven effect Without the confliC'hng prOVision, <br />...00 10 ItH~ cod !he r<<wisrottI of fhe Dud of Trult a.fie the ~ole afC declar-eJ h. he severable. <br />.6-. a.n.Wfl'~. eap,. Borrower shatt be IUfm~htti ti ~ ,mt~'tmetJ U)py nf tht: Note and of Ih," D-ei:'d of TrU""t ill the time <br />l~t e..ttCutton u-r after recordation beROt <br />17. n-.fer 01.... ~,.'; ".......... if aU ('f any par~ of the Property Of an interest the-fcm foS tOld or transferred <br />b>-: 8ofTO'Wer wllbout Lender ~ pnOf 'Kutten t;otl.\(:nt, e~dudjf1' <l}!.he ~r~8hotl of a hen \)f erk.'-Umbnrncc -SUbordinate. to <br />thn Occd of Tr-.m. lb) till: creatton 0-1 a P'~ r'l\.~M'\' i<<unq,- !olera:t tor hou5C.hold apphaOl.-~, {C.l IS transfer by devise. <br />~':Ctlt {.\J by t.\puat.iu.n \....1 law opon the Jc.lh HI II l'-}UU Ic-OiU110f (d) tt\c l1a-nt of any h:.a.whuid luterelt of three yn.n or less <br />llot ro~talntn. an OptlOfl to purchak., [.curler rtUt)-, ~~t 1 cndcf'~ "'pU-Ott. Jedare .ill the Jmm' ~un:d by lh.! [l<<d of Trmt to be <br />!mmcdiald)' d-oo and. paptbJe, Lt'ndc-f "iudl ru.\<t:' ....a....cd ~th:h dpttOt\ h) ~ccele.fat-r: If, pnOf to the ,.ie Of" tramfer, Lender <br />and tbe penon ft,", whom the Property I) to be wid 91' tra~~dened rC3;~h $&-!-eenw:nl 10 wfltma; that the cr-edH of soch penon <br />i' ~l-t.b,ctOfY to Lendff ",-nd that the mf-ef'elM J'!iar-abk ;:'fJ ~tlC :HHlh JK.~Ufcd OJ' th~ Deed. of Ttu5-t 'S.hall be "t such rate a~ <br />Lender 'Shall reQUCtt. It Lender hti ...ai'o''W the H~I~H\ h~ a-c:o.'.d.ef~jt' PfO\'lded 11\ fhts pilUlar_ph J 7. and If 8Of'fOWef'~ iUCCCliN <br />III loteral bas eAoculCd,li wnlten -UlQIDplH.:m 3,r-c:ement ai;",,~ptCd m ""r-lung by Lcnde-r, Lemk.r ~naH releaH Borrower from <br />.11 obi...""", under .ius D<cd of Tn.l>\ an<! lhe NOle, <br />If Lende.r C;\.C<<:UClS s1Kh i)j)UOfl to d~t."'C-l-el'"it, l.t"ude-r ..h..lI I'lUU! BorN~"~:e! nottce of acc.elerltHon :n accordance With <br />f'af1llifaph 14 hereo.i. Such not-"X shali proVide a penod (}f n..lt k~~ tt--.a.n ,H) tU)''l lr1.lfll the date lbe notice t'f. mailed w-ilhin <br />..luch Bor,-rntfCf may pill the WIN ~iar('(i dtn; It tknrower fait, 10 pa,' Hll,:h ~un~ pftor to the e;\plrlIJtOll ..of -such penotL <br />Lender mal'. wuhout tunhc.r notk.-'C Of demand on Borr-ower, tHvnke an) remed~ pernhttw by rr.uagraph 18 hereof. <br />NON~USft'OaM COVE-N.Nr~ Bor<<~-.:t i!lO\j Lender funher t.:OVCmlftt and Sir" Ii'io toHOWi, <br />III, ,,\<<-""'" It.- Io:s~...... _._ I. _..... \1 ......... u_ ..........r'. bft<<h Df all' <on_lor <br />..nc..n4 of .........cr i. tWlo Oft.d of -.......... irld..... tM cou........ io ..., .IM'. dIN! ...,- "..... ilKured by." lhed <br />of TI'1HI. I""..... prior 10 ""<do......... .!uoIl ...ai1 .....iN '0 .......... as provided i. ....8lI....... 14 hereof spuif'...., (I) the <br />bn'ac~ (ll the- JK(to. ,.._e4 10 t.un !Jo1M:ft ~-h; tJ) 1I d.if. nuc ~ thim 30 dii)'-s h'Oiil 'tilt- dai~ t~ nutkt b millilcd ta <br />BOffower. b) ....We.. swh bftKh mutil bt \:uffti; aad .-4) d.., fail.rl' to nitt' ~,""h bru<h c)n ur tt.f6fe the date: lipedfted <br />ift 1M notie.. ....) rKUh in kt't'&eration of tlw WIM __('uno b~ thlli Jlt-ifd (If -rrtNi aad laW of ...... Pl"Opt'tt). I'M nocke <br />".... f.....hc' 1"01_ 8orfu.rr of tht- rick' to r~..mt.tC' af.f'1' OK(,..k-u.Uon and tM rich. to bria& a I.:uurt ...~tiop to H1tert <br />the: lMm-edMt'.'1t of . .'M" Of an) ull"tl .ff.'1aW t)( Bonu.-C't fo Ik:n,"ler.1ion alld.ule. If the- bn_h i.~ nul. l'Uft'd <br />uti Of" hd'..... lite _. IpH'Hiect in e_ notice. J.~"', at 1-A'IMkr'" o-,.io" m.) dt'daff aU of the ""UOb se('ufl!d by ihis Ilffd <br />o' t..-. to tw i...-.r4iatltl)' dIM' altd pa,ablr ..ill..,..<< furtber dHU..... and ma) inu;ju~ th~ PU-Wt'f -0' s;ak and IIn) other f~Rtedin <br />JM:......tfli b) ..,.&kAl* taw. t.e.... -'ft. be f'Qtidrd to n)"ct aU rt'tiUnabIt n~l\ and f''-ptbb hK'ulTfd in pun-uing lhe <br />r.__ pro.ided i. 'M ~ I" i.."'......., ..... "'" limiled '''' r__ 1Il1_,', f.... <br />If .... P8"'er 01 YIc hi ...",okett TrwtH shMl r<<'-o..-d . nutin' of ddault in C">>f,:h t~(MJ.n') in ....ftk,h the ."fOIM'-rt~ or ~omf' <br />.... ..ftOf is Iocekd MAd..IIah.... c~ of :web hUlk~ in Ii... .........r l"C'Mfilkd b) .pplk." i.~ 10 Bon-u.""-Ei and ;0 th~ <br />"'1M< _ ......_ I>) ...........Iaw, "fin'M I.,... ..I w<h H_ iI\ In&) be r""uirod by appl....We Ia.., Tr....n ,hall <br />~i"f.' pMIIIie aotKe of w.M to 1M penoIhi ud in It", -man_I" plt'Kribtct b) appl,kiilbk law. Tru.,..<<. \'to"thout demand tlR <br />........<<.'" .... .. lhe PnJpul) .. ptIbIk a.l.uR .~ ttw hichne tHdtIet al the dIRt' and piaU' aDd under Ihe tt'ro", dC'!sicllah!.d <br />III dw: 1IOtk~ 0' JoIIW .. UIIe Of IItOI'e' pa<<t:h alMl: in MICA orde-r a\ TnMtft ma} d,len"int. ''-mAn ma.) ptM'PUM ~It of aU <br />or .)' parul of .. Pntput, by ptdIIk uaou.RCemc:m >>I 1m- ftfPf; aU pia<<' of ap, pfuknwy Ji>{.,bfltldfHl "ale-. l.~Rd~r Uf <br />I""...... ......- _, ......"- tile Pmput) al lID) _, <br />........\Jt: ::: ~ =~,:w.x:.""~~= -:::., ~'::':;',~ ~::..n::.-u1 \,;:'':.::,=" :t:..:::....~..~ <br /> <br />;baIIlIIlPlY the .......... of tIw .. ia tIw follo"ina ....der: 'a, 10 aU r_ _.. and ..1'....,,. 01 tIw ","" iodudioa, bUI <br />GUt-liIIi&ed to.. TnItike~J. ft'fti of not IIM)('e tbaR 1'1 of" ul tht- ~ sak! prieto. r~-a.~ atluclW} 's feft and ,,"OilS. of titk ..."idt'!n{',t<; <br />,10; ... aU _ -.....II>) t....llftd of .........; and to the u...., lfall), ." the ""...... or """'..... lop/I) ...tilled 1.......0, <br /> <br />19... hrr:owers...... to IttiDsIatc. l\(o!w!(h~tandma t.-entl(',r'.., al;cl'k'.tt'..~fl ,11 lh\' q.-flh ..i:,-wrd h'\, \h,.. rh.~r.d "I r!lBl <br />BorrowlU shan hl.ve the right to h.....e i!iny !lrl,lcceJm-g" hegWl b) l.-t:lldC'f I.' Cnfl,H'te thl~ De~d t1f r'fH'i.t ,h'ii"'{~nhlll.i~J <", <br />a:ny I,ime prio~ fo t~ c-arller to ()CCli-!' of {il the fifth da)" bdot-e the uk .ll( the I)rnpert\' !,~ur'S-u~nt hi the 1"l}~Cf d ..al~ ~:,Hlf.Hnct1 <br />IQ tht, De.td 01 Tr-w'l ('\f {nJ entf)" of Ii. JudC1U~111 entQf\;lf\j. thu. Deed of 1 r-t.ts-t 11 (~) Uarn,rwt'f pa,,") 1 e1'l.j~f afl ~\1fW. wfw.h .....\\.lld <br />he lhen due under tnt5 Dec~ uf Trusl. the N-uI-c: dnd ttv1O:-" ~",ufln8 hJIUr~ Ad"anl."e". d ,Hl). h-a..l ll(). ,'\t:\.:t:,J(,fafh.\l'; ,,,::...w"-.',L <br />(b~ BonQ-.'-e-r (~ltre:s "It bte1Whe-~ of :my {,.her l;(WefHuth Of .tgreemenh pf BOffn....el ;;,'ontiUflcJ !n th.I' Deed nf lru....l <br />(e) Bono~cr' p1l)'S aU r-c:aM>>~.bk e'reuses locurred hy I enuer and -y rw.tt;:!(; m t'"l('r...'jf't~ ltu.' u~'q"l\anh ,Hid alotft'<<uwnh ,If <br />8~.u'ro_ttr (':'{lUuurn:d In tnls fleed t..'l-f Tru\t a,nd H\ c:nfiJ'JI:tf11 Lt!'tUicr'o; ilnd lnj...h~.< \, Il;nlt~d1(,-\ .l''i W,Wltlt.'cl 111 i'Hflit~;;lph \.... <br />ht:roof. indudittt. but nO't hmttw t(\ re.awnahk~ attorney', fe(!-'!\.. ..,td lotI 6ortCt-'.'(,f ~alH'1, Hn.:n ""'(100 it'!. I ~~\'1de1 m!l\ tt',lWtl;l~h <br />req~tt: fo U'uu): that the: hoet'l 0' thn r>twd (\l TnnL I cnae(" inter\t1!it m lht PH\pot.'ft'" ilnd R(c!np\U'f" ,\hh}!lw,;n 1<' j'.'1't <br />