|
<br />r
<br />84........ 003258
<br />
<br />by thi. Deed of Trust immediately prior to the date or taking bean to the fair mark.t value or the Property immediately prior to the date of
<br />taking, with the balance of the proceeds paid to Borrower,
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award orsetllea
<br />claim for damages, Borrower rails to respond 10 Lender within 30 days afler Ih.date such notice is maikd. Lender is autholize<ito <t)Jlectand.
<br />apply the proceeds. at Lender's option. either to restoration or repair of Ihe Property or to the sums securl'llby this Deed of Tl'IISt.
<br />Unless Lender and Borrower otherwise agree In writing. any .uch application of proceeds to principal shall not e:.<teIId'PI' postpOne the du~
<br />dal' ofthe monthly in.tallments reretted to in paragraphs I and 2 hereof orcbange Ibe amount of such installments... . . ...... ...... ".'
<br />10, Borrower NO! ReIeMed. Extension or the time for payment or modifil:ation of amortizatlonof the SWlISsecuredby~~of,!rtist
<br />granted by Lender to any successor in interest or Borrower shall not operate to release, in any manner, the liability. of the orisinaHlOrfow.:rllB<i'""
<br />Borrower's successors in interest. Lender shall not be required to commence proceedings against such su~sor,9r refuJe-'to,~t~-~~e.for,
<br />payment or otherwise modify amortization or Ih. sums secured by this Deed or Trust by reason of any demand made by the original Borrowel
<br />and Borrower's s-uccessors in interest.
<br />Il, Forboan_ by Lellder Not a Waiver, Any rorbearance by Lender in exercising any rigltt or remedy hereunder,or otherwise~fforded.
<br />by applicable law, .ball nol he a waiver or or preclude the exercise of any .uch rlgbl or remedy. The procuremenl or insutarlce or thepa)'tllelllof
<br />taxes or other Ii.ns or charges by Lender shall not be a waiv.r of Lender's right 10 accelerate tbe maUlrity of the indebtedn$l.seew'ed by this .
<br />Deed or Trust,
<br />]2, Remedies CflIllnlalln, All remedies provided in this Deed or TrUit are distinct and cumulative to any other rightPI' remedy imderthis
<br />Deed of Trust or afforded by law or equity. and may be exercised concurrently. independently or successively.
<br />13, _n."" Auips Bouod; JoIIIl."" Sev.... Uablllly; Capllous. The covenants and agreementsbereincontalnedSballbind;a~d
<br />the rights hereunder ,shaH inure to, the respective successors and ao;s.igns of Lender and Borrower, subject to the provisions,of~l',h.'~l?<
<br />hereof. All covenants and agreements or Borrower shall be joint and several. Th. captions and beadings of tbe paragraphs of this Deedof'.Trlist
<br />are for convenience only and are not to be used to interpret or define the pro\<isions hereof.
<br />i4. NoD<<_ Except fur any noticc required wld€f applicable law to be gi'fen in another manner. (:.):my th,^f....~ to-2QrrC\Vel' proyi~-f&L'l';-
<br />this Deed or Trust sball be ;;i.-en by mailing .,ueh notice by certified mail addressed to Borrower at the Property Addressor a~ suchother,adciress
<br />.., Borrower may designate by notice to Lender as provided hercin, and (b) any notice to Lender sball be given by certifii:dmail, return r<:ceiP!
<br />requested, to Lender's address stated herrin or to such other address as Lender may designate by notice to Borrower-as,proyjd~'herein~::Any
<br />notice provided for in this Deed of Trust shall be deemed (0 have been given to Borrower or Lender when given in _the-manner):lesi&nated -herein:.
<br />IS, Uollorm Deed of .1'.....t; GO.ernlol Low: .......bIDty, This form or deed of trust combines uniform covenants for national WIll'am1 .
<br />non~unjf()rm covenants with limited variations by J ~iction to constitute a uniform security instrument covering real property~ T1rlS.-..I>eed Qf'~
<br />Trusi shall be govt'rned by the law of the jurisdiction in which the Property is located. In the event that any.prorision_o~ clauSe oiihis.I>eCdoi.
<br />Trw;r or the Note confl.icts with applicable law. such conflict shall not aifect Other provisions of this Deed of Trust 'or-the 'Note which ~ be
<br />g.iven cUed without the cont1icting pro...i~ion. and to this e;~j {he provisions of t.he Deed of Trust and the Note are declared to be severable;
<br />16. Borrower's Cop)'. (!()rrower shall be furnished. a conformed copy of the Note and of this Deed.of Trust at the time of-executioD.or
<br />after recordation hereof.
<br />17. Transl<< uf tltt Property: Assumption. If ali or any part of the Property Of an inter~t therein is sold or transferred by Borrower.'
<br />",:itbOlJt Lendt."f's priQr written l~onsent. c;,'(c!uding (a) the creation of a lien or rncumbrance subordinate to this Deed of Trust.. (b) thecreation'of
<br />a purchase- money securit)' interest for hou.sehQld appHam.::es. (C) a transfer by devise, descent or by operation of law upon the death.of i. Joint
<br />t~naut OI (d) the grani of allY lease.hoJd interest of three ye-ars or Jcs~ not l.~ontaining an option to purchase. Lender may, at Lender's option,
<br />dedare all the s-ums ~,,~ured by this Deed of rfU~1 to be immfflia{ejy due and payable, Lender wall have waived such option to acceJ.erate.if,
<br />prior (Q rhe sale or tranSler. Lender and the person 10 whlml the- Property is 1.0 be l"old Qr transferred reach agreem~rll in writing that the credit of
<br />'Such person b ,'Kuisfacw-ry to Lender and thallhc: jnlerr:1~ payable on (be :tum~ 3tX:uroo by thi~ Deed of Tru.st shall be at such rate as Lender shall
<br />request. If Lender ha:. waived the option to a('~ekrate pfO\!id('fj in this paragraph 17, and if Borrower's sU(,."CCS-SOt. in interest has execu~.cd a-
<br />written aS$umption ag,reemeOl a';:('(pfed in writ'iog by Lender, Lender shall reka~e Bonower from aU obligations under lhis Deed of TruS1.and
<br />the Note.
<br />If Lender exr::n;:lses sU\.~h option to accderau!::, Lender sha..lJ mail Borrower notice of acceienuioll tn accordance with paragraph 14 hereof.
<br />Such uotke shaH proviuc a perii..)(j of not It:):) ih(1fl 3D da)") frvnl the dale- the notice;~ mailed within which Borrower rrUiY, pay the sums declared
<br />due, If Borrower fails to pay :-uch sums.. prior to the expinuioo of su,h perio,d.. Lender may, withOUl further notice or demand on Borrower,
<br />iuyoke any remedie).permlued by paragraph 18 hereoL
<br />
<br />
<br />NON~UNlfORM COVENANTS. Borrower and Lender further covenant and agree (b follows; . ~"'~'"''-'~~',::~~' :,'.~;<,:v;,.
<br />18. A,""l....tioo; Remedies, Euept as provided io pangnph t7 h.r...f. upoo Borrower'S breach Ol,~ntor .agreemeatof
<br />Borrower 10 thls Deed of 1'"",t, loclodlng lb. ""....ao.. to pa} w..... do. an} sums ll<<Ured by Ihls Deed of T.......~..rior to a~lIoo
<br />"'all mall aolice to Borrower as pro.lded 10 paravaPb 14 hereof speclfyiog: W the b.....b; (2) Ibe acllon reqolred 10 core soclt breach; (3) a
<br />dale, oot....!bao 30 da}S from the date 01 oot~ Is mailed 10 Borrower, by wblch....h breacb m...t be cured;."" (4) Ibat failure to coresoch
<br />_ 00 or ber..... tbe date spedfled 10 Ibe aolice ma} resalt 10 &cceleralloo of the .a.... .....red by thls Deed 011'.....1 and sale of Ib" Property,
<br />The aolice .Ilall further iol_ Borrower 01 the riabl to relootale after acceleralloo and lb. right to brioa a court actIoo 10 ....rl tbe 00....
<br />.xlote_ 01 a defaolt or aoy other def.... of Borrow.. to acceIenlloo and sale. If Ihe b.....b Is 001 cored on or bel..... tile date specified 10 IIle
<br />nnllce. Lender al Lender'. oplloo lOlly declar. an of the sums.....red by this Deed of Trusllo be lnuoediatel} d!!.and payable wilh....t furt.....
<br />__ a"" ma} lnvoke tbe power of sale and au} 01..... remedies p<rmined b} .pplicablelaw, Lender allan be enlllled to collect aII.......oable
<br />_.. _ npeaseslocurred In pursuloa .... remedies provlded In tbls paragnpb 18, includltia. bol aot limited 10. r<1ISOoable attorn.y '. f_,
<br />If the po>ftr of"" 15 10.oked, T........ shall record . oollce of defaolt in each eoooly In wblcb tb. Prop<rty or some part Ih......f Is localed
<br />_ shall mall eopi.. 01 suclt ao_ la lbe m........ prescribed b} applicable I... 10 Borro..er aod 10 !be 01..... peno... prescribed by appllcable
<br />law, .After the lapse 01 suclt time .. llUl)' be l't'fIulred by appJlcable law. 1'l'lI8t.. shall gh. pob1lc nollce of sale to Ibe p<no... and In lb. maooer
<br />prescribed hy appJIcable law. Trustee, willtoul <Iemall<I 00 Borrower. sball..u tbe Prop<rty at publl< aocllon to tb. hlahest bidder at .... lime
<br />_ t*ft. _ under tbe ........ ....i_Ied In the 0011<< of....e In one or more parcels aod la such ord.r .. Trost.. ma} d.terml..., Tro.t.. may
<br />~. ute 01 an ot all.Y parcel of tbe Prope-t1}' by publk aaOOUB<t'nwnt ai the time and place of 110)' pre-viousJy s.ebedukd .ak. Lender or
<br />lAlOdfl"s deIia- m.y porca- the Propert} .,....y sale.
<br />Upoa ~ uf. Jrilrilidl-i or tHe pi'ke bid. Tr1li* ih-aIi ddh'ef to Utt PUn-biikf Tnu.l<<'j dft!d \,:().;):vt')'iii& ihe PrU-jXf1y "old. Tbi- nettaJ.s; Iii
<br />tbe T_', deo<l. shall... prima f_ .-.. 01 tlte lnltlt of tbe .tat._u ........ therein. Tl'lI8lee >ball .ppl, the p"o<eeds of tho .... 10 Ihe
<br />""lott..-, \a.llo aII-.blo cOllIS and oxP<..... 01 lb. ..... iodudloa. but notllmlled to, T....t..'.l... olaol IllO'" Ib.n __... ..'"
<br />of.. II'OIIi tale price, ~bk aiWtMf'. tees ami tosU of till, e'ftd~; {b' I(J aU .unu IJf'l'Urtd by this- Oetd of Tnul. and tel tbt U~. if
<br />...y, 10 'be...- or ...........IepII, eatllh!d thereto,
<br />i(i, BonOWff" RiaItIw. R-cbatalf<. No(wilh5t~ldiu. Ltndt.l 's &\:',::C'h.nall-Ofl (Ii \h(" )HfU_o, ~\lJC'd b)- ttL\.'i L~j Ot 'l'!"\j~i, U.OH,,'"-'Cf :-.haU hii\t-
<br />r~ na:h: MVt 1'n1' rrt'r.x<<di-f\iS ~guo by l.~r to t:Bfnree thh l.~d vi 'j fU&l di.nvnhnl,~ ~1 any lmte pnOf ,\! Hu: '(.ilrhCf to \.lo\.:.U.J! ,jf tH. the-
<br />!.thh -IU-y ~Jvtt: dl>t: ~ of r.ht' tJot("fiCtty puuua,nt it) IlK': power -of ~k ~~um4j(K'd in IfH'. Det'd J)1' rrm! !,)t ~ii) -C'lHry "~i ;i iud;ij}H,:m f.'nJ'oIcH1g ~h~"
<br />l~ {}f Tt'l,I.i<t iL tM llo,f'fHWCf P~J~ Let.hier an ~liin.;\ whKn. wuuld fX, thtJ1 dv(' Uf"jct {hi'> f~ r~f f 't./::,i, n~c ;-';01,,' jU\l..1 :h,)t(:, ,~.'d.l1H~g FdtlJ"'"
<br />
|