<br />84--.
<br />
<br />003149
<br />
<br />9. Con<<Iem:natlos.. The proceeds of any award or claim (or damages. direct or consequential, in connection with - a.ny
<br />condemnation or other taking of tbe Propeny, or part tbereof.-or for conveyance in lieu of condemnation, are hereby-assigned
<br />and shall be paid to Lender,
<br />In the event of a tntal taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust,
<br />with the eXceJ!I, if limy. paid to Borrower, Tn the event of a partial taking of the P~perty~ unless Borrower ~d---_~d~
<br />otherwise agree in writing, there shall be applied to the surm secured by this Deedo! Trust sucb proportionohhepr;;ceeds.
<br />as is equal to that proportion which the amount of the sums secured by this Deed of Trust immediately prior to the date of
<br />laking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower,
<br />If the Property is abandoned hy Borrower. or if, after notice hy Lender to Borrower that Ihecondemnor olJerslOmake
<br />an award or settle a claim for damages, Borrower fails to respond 10 l....ender within 30 days atter--the: date such -notice:,,:1$_-
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender'. option, either 10 restoration or repair of'the
<br />Property or 10 the surm secured by this Deed or Trust.
<br />Unless Lender and BorroWer otherwise agree in writing, any such application of proceeds to principal shalt not :extend
<br />~~~=~m:::lsdue date of the monthly in.<tallments referred 10 in paragraphs I and 2 hereor or change Ihe amount of
<br />
<br />10. Borrower Not RdeMed. Extens.ion of the time for payment or modification of amortization of the' sums _secured
<br />by this Deed of Trust granted by Lender t-o any s.uccessor in interesf of StIfrower s.haH not -operate to' relea;.e:., in 'an~t-:manne!:i
<br />the liability of the original Borrower and Borrower's successors in interest, Lender sbalf not be -required '-to -commence
<br />proceedings against such successor or refuse to e,xtend lime for payment or otherwise modify amortization- of. the ',sums
<br />secured by this Deed of Trust by reason of any demand made oy the original ~orrower and Borrower's successors in .interes~.
<br />U. Forbearance by lAnder Not j Wa,'"vu. Any forb=rancc by Lender 10 exercising any right Ot remedybereund~r~ or
<br />?therwi'Se afforded by applicable law. .shaH not be a waiver of or preclude the exercise- of any, such rt~t or - remedy.
<br />fhe procurement of insurance: or the payment of taxes or other liens or charges by Lender s.hall not _be a warver of-.Lender's
<br />rigbt to accelerate the maturity of the indebtedness ~ecure-d hy this Deed of Trust,
<br />12. Re-mecties CulR1l1atl-Ylt. All remedifl provided in this Deed of TnJst are distinct and cumulative to any-other.' right
<br />or remedy under this Deed of Trust or '1fforded oy law or equity, and may be exercised concurrently:,- independently- or
<br />succcuively.
<br />13. Sm:<CIOOI'S rmd Aoalps Bound: Joint and ~n",1 Liability, Captions. The covenants and agreements herein
<br />contained shall bind. and the rights hereunder ..hall inure H.l, the respective successors and assigns of Lender and Borrower,
<br />subiec:.t to- the provi-stons of paragraph 17 hereof. AU covenants and agreements of Borrower s.hali be joint and"severaJ.
<br />The captions and headings of rhe paragraphs 01" fhis Deed of Trust are for convenience onty and are not, to be- used to
<br />interpre-t or define the provisions hereof.
<br />J4. Notke. Exce.p' f~r any notice n:--qUlred under ;lpphc-a~l_e l.aw to be given in ~nother manner. (a), any nOtice to
<br />Horrower proVided for In thlS Deed ot Trust shall be gwcn hy ,"culmg such notice by cerufi-Cd mail addressed to Borrower at
<br />the Property }\ddreu or at 'Such other addrets as Borrower O1a). designate by notice to Lendu as -provided herein. and
<br />{D) any frViict: tn Lender ;.b:o:U he giY't:-~ by certj.tled 11lail, return rre"-'C1pt requested. to Lender's address stated herein or to
<br />..uch other addreu as Lender may desIgnate by notice !O Borrower ;;1.5 provided- herein, An)' notice provided- -for in this
<br />Deed of Trust 1-hall be deemed to have- been grven to Borrower Of Lender who:n given in the ,manner designated herein.
<br />15. {Jnifonn ntH of Trmt; (".-onmiql.a'''': ~"t!rabiUty. Thi" form of deed of trust combines uniform covenants for
<br />nauonal us.c and no-n-urufonn {'ovenants With lin'lted ,"'ariauons hv jurisdictton \c conslltute a uniform security: instrument.
<br />covering real property_ ThiA!Xed 01 Tru:i1 _"h:.tH he )(ov~mcd hy the law of the jurisdiction in which the Property is }()Cated.
<br />In the event that any,proYUlQn Of chiU5e -of ihts Peed of Trust or 1ht:, Note ci....mfticts with a~phcable: law. such conflict shall
<br />not affec1 other provuoiom ()r ttm _ Deed of Trwlt {!f the Note *hH:n I.:<in [-1('. given effect wahout tha: -conflicting provl,,-ion,
<br />Olnod (0 thi.-end the -pl'OVi-liOlUl Qf ,tl1c"Decd Of Tr\ll'it -"-fit! !he NOfe arc dedan:d 10 be ,~vera.hle.
<br />16. 80f1"0~...'i1!i Copy. BOffo:<<'cr ,ahaU- be tUfll1'\hed ;J ...:{mformed (Opy n!- t.he Note and of this Deed of Trust at the time
<br />i)1 executiOn <-If after recordation' hereof
<br />17~ Tl"Udfer of the Property: AtlAtmptiou,. If ail c\, :.U)} part of (be Property or .lln 1nleJX~t therein js sold or transferre~
<br />by Bo-noWC'f' wiitu..-.ui 1....etl\1e(~ prwr Written C'i'in~m, ~>xdudi!}g i ~d !he ~reii!'Oh !)( [\ ji~"- t"')( en.;-umf)fan-ce subordinate to
<br />rhl~ Deed 01' Trusl, t h) the creation (If j purcha~e tn()IU:~~) l'f.(;~ufiIY intr:reM for hou-:.ehol,.J;cJ ~,pp-ilaoccfli, tel a transfer by dev-i$C.
<br />descent Or by operation of law UpJ" the death Of <t }omi. i<:naili ur f~.n lhe grail! (.{ ,-wy ka~,hoJd mwr-e&:t cd three years: or less
<br />not coolainio8 an oplton to ~)ufch;,ix. I ,cnoef nh\~', .::.t i..enJ.ets. option, declare.,Ii the ..ums sec1Jred hy this Dee-d of Trust to be
<br />lm~iateiy due afld ~Yllb-k~ Lender ~hal,! h~l""t:' w-iJivt:i.l .\\n:h optIOn 10 acc-etc-rale, If, pri~)f l() the- SOlie Of tran..,(er. Lender
<br />and t~ pr:fK1H 10 whom the- Pmperty l~ to h(' :Iloiti ~l~ !.ranstcrreJ rC:ild~ ;~gr<<ment in writing thal the credjt of I!;uj.~h person
<br />I): ~atHifat:tor)' 10 L_.c:nocf and thaI the 1IIterei,( pa)uhl~ ,m the .1.tlrn~ \ccured by J:hl.~ Deed of Trust ~haU he al such rate alo
<br />Lender shall (eq~-I. It Lender hali WlU\'ed l.he dVth)!1 W ;h,:,,:dcrate pn,)\ddcd in this paragraph 17. and if Borruwers SUcCC5sor
<br />in imerest has (').ccuted it written li-buruptjon oigr<<-IHem ;tct:eph....d in wflflng hy Lender, Lender shaH release Borrower from
<br />aU obhp.ll(m$ under this Deed of 'J'rU1Jf and the N(}le.
<br />It' l....en1Jer exercises ~uch Hption i{~ ac:\:-ekr>i.!c-, Lxnd-er ..haH mati Ih_nn~wc[ nollce 01' fiJ.:cderaltOtl H1 accordance with
<br />paragraph! 4 hereoL Such rn)tu:.-:e- I.hali p-rm'ldc ~t penl)(j of than 3-0 da~'s from the date the notice is mailed within
<br />which Borrower f'tl-a}' PUY loe sums Ji:-_d<.\fW due. if iklrrf.\to'cr t-\,1 p:iy ,ut:n :o.llr'n$ prior to The t;;\.plfl'tt1on of such perind,
<br />Lender may, wllhoUl further n~HIC(:, or demand on Borro-wer. invuke >.t11} rt'nk-the:~ pennitled hy p~raB-raph IS hereoL
<br />
<br />NON-UNlfOJtM COV"f.:NANI':'S liorWWi'f .md Lender further C{WClljlnl and agree as fOllows.;
<br />
<br />18, ACl"cleration.. R~m~ "-:l[4;~pt B:'o pro.-ilkd in pa....,.pb .7 MR'of. upon Borrower" bre-scb of an)' ('ovenaul or
<br />~Rem~n. of Borro~n in tbis nN:d uf Trusl~ indudma the- ('u\t'nants to pal wben due an)' sums s<<ured by tbis nerd
<br />of 'Trust. Lender prior (0 acr-t"knniun s-hatt mail noliH~ 10 Bo..-ro"er a<i pt-u"ided in paragraph 14 hereof s~cifying: (lJ the
<br />brc-~b: il:. th>e lKtion requiR-d to (UtI;! !loud} breath: ~J) 11 oat-e, nQ-f In.;. than }() day~ frum the dat-f' the nntice l", Ql;lUed 10
<br />8ono\\ef. b-~ 'n-h.kh ,..uch bl'\"-iKh must IK ..'ur<<1~ 1100 (.l) ihat faiture tu ('Urt' ~UI::h bread! on 01' befOft" tbe dale .\~dfied
<br />in the- noti't~ tn.,. r6wt in 3{:t~eleratwft of lhlt sum,", !'>el,'urw b~ th~ B<<d o-r Tr'Wlit and sale of the Propert!". Tbe nutice
<br />..ball furthu infurnl BOf"tuMlcr ~)-f thco right ll) f'ein...taie aher aueJenllion :;md ihe rjght to bring a ("(.un action lo 1l..\scl1
<br />1M nu--b~I:x.uteft(:f' of a default ill" any uthtr ddf'osc of Bono\'\t'f' to ilc('\;oJtration .and sale. If tht' hreach is nul cured
<br />on or btfon.' .he iht-t 5o-pedfied in thto Rotkt. 1 ~nder at L~ndtr'.;; option ma! dtdare all or the sumt. :'oecUN'd b~ - thj~ ])e~d
<br />uf Tf'U:!i.t to be immediatd}' rlt;K' aud p8Jabl-e "ith.out fur-thu demand and mu) IrH'okt."' the power of sale- and an)' nth.:r rt'medi-t"S
<br />pumined h) applk-.b1~ ls'o!\-. uftftr :\baU hot t'otided to l.:une("1 uU reH--\onabte L'u\tl\ 1lnd expen.."leS im:urred in pursuin~ fh...
<br />ftm~~ prO\-idtd ill Ihis paragraph 18. lududin2, but fYjt limited 10. rea.-wpable utlornt'}"s (MS.
<br />If ilw pv~t"r uf ~ ~ i;;'\;.ul.ed. T~h!e ~haU f't"~(~f!i .. o(,dl;'-I;"' 'Jf default in each lOUD.t) ill wh.ich th~ I)ropcrt). or !!!oome
<br />part thereof is l(w:alC':d and Wi.aU mail copi~'!i: of such fl'tllkt" in ihe mallUN pcesuibed b) applicable la" ro BorHHH'f .and III the-
<br />HfM' pt'.rson<r; preKribed by applicable law. Aftt'f ttw- hli~ ot" ~Udl tim-e 3i't- mal ~~ rrqukro hy applkab!e law, Tru~h~(o ",huH
<br />lh;\'" publk nutk~ of :ii.ak Ii) rhr p€::S~ and ill 1M m#JUU'-f' J~"~~cri~d b)o applicable fa", TrtL~tt'e. without demand un
<br />Bon-owt'r, s.hall MtU lhe: Pr-o-pert,. a-t publk itU(',Jion to Ib-e hight.'t. biddt'f at lhe lime and pillet.. and unde( lh<f h..rUh dc~i~fl3h~(1
<br />in tbe- notk!! of sale in tJM- -Of man pAn;ds and in ~uch order as TI'U~tee m3) dett;",rmiflft. T nJste~ mill postpone ~1tIt' of :.!lU
<br />UJ" u)' par-r-eJ of *-m Pro-pert)' by public &nnouf1uomf'ni at tbe time and ptat't' of lInJ preYiousl)' ..(:~dult"d sale, I,\'nder Uf
<br />t ,.t:nder"$ dbicAc,<e mal purdl:a5t' tht- Propert,- -at any \ale.
<br />Upuu ft;!O':.ipt of payment of 'b~ peke bid, 'f-ntlt.h."t' ,tutU ddjvl'f to tht:> vurdUl~.u TrU1l-ltt':-, d4.'\~ con"t:~'inR tht, Prvpt:rl)
<br />~, Tlft r~dta1s in iM Tnt.......rt's dft'd "halt b.e prima fat.:u- t... itkm:t' uf tb~ truth l>>f the ,tllknn..llh 1U-l4Ot- ih..rt'ltL hu:'!.tt"e
<br />~n ~' tbe ,pr~~ u( ltw ~ in thr foUow-ing !~rtkr; Lai ht all n'li~fnabk- n~ti- and l>~pt'n,~!>o- fit" th~ ~k. lndudinj;t~ hill
<br />nut timit. to, .tl'U$.~'~ ft'es.)( ~ d:M)N' than '_!: of J-'1t' ,,)f tilt:- gr~"'l"" pru.'V. t'ruSOJl.ilWC- auoru.e.\'s r\:.'t~ and CO-M\ ot' "d~ t'~fd~nt:t.~
<br />tbi &0 aU sunu:-Strt"_urtd bv Uti, l~d tJ'lro$t; and {('; the t'.:'U:('~"il~ if "'O~, t_) 1M pt-f'son nr IWf'Stilh!\o 1(1tuJI~' t:ntitlt>d rhut'lo.
<br />
<br />". Bortowt"'f~J: Rlan:. f(i R~iA~a't'. NO!V.'lth~l;HHJing I cnJt:('" th.:
<br />!lorro-wCT lh~l!' h;;,,~ ll'-.c: rii-ht to h:&vc _::-n_~ Fr"r~~':::,ding<,; ~X"~~:n b\ i~nJ~f l"
<br />;my tWK pn'l1' {(~ the ear_her to (It't:lif of !,i} it){; l'lfl-h Jay i~~fr;\f\~ the "ale ._,1 !ht,~
<br />l-~! th.i~ [li:t':d H_t Tf'tl'i:t Of (tl} enl(Y i.}f a jtidgml,:tH t'nIOJ>ing l,hi:,,- lh~cd (It Tn):! if~
<br />he rht:_u '!llt," \.mder inl' tn--cd PI rf-H'\C OM:' NplC' ;mu 1.101'0::-... Fuh;r>.;;
<br />(h;t Bo"rt~wtf '.;!.fN:.\ ~H {H-t:",ch.;iI -nl ~t1,,' Htht"f
<br />~{::l 1-.lt~rn)....-tr pl\)<\ ~H ((;MPn..hk', f;,\p~::n~4s
<br />tk'!-ffO'l;l.'t'T \..,)f"lJA,inct! it) tbi.' l)etd ~.( Tn_l.''t
<br />Jffo,,:hfJi'f'ij., 'hut rm1if~1,1 !o
<br />t,l ;t~~lJtt' th...( H(:i1 pf lht~
<br />
<br />
<br />IH:q
<br />1ilo:r",.t'1H::llr<, llJ
<br />(n. p~r;igr,jf'h j
<br />;,~ I <,,'rll,ki' tn",,\
<br />!:k,n,-,,_.J,.t"1 - .,'!:.Dl:').\'0,ltl f.-'
<br />
|