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<br />I <br /> <br />L <br /> <br />84 --.. cf 003365 <br /> <br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection, with any <br />condemnation or otber taking of the Property, or part thereor, or lor conveyance in lieu of condemnation. are hereby assigned <br />and shall he paid to Lender. <br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust, <br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Lender <br />otherwise agree in writing, there shall he applied to the sum. secured by this Deed of Trust sucb proportion of the proceeds <br />as is equal to that proportion which the amount or the sums secured by this Deed of Trust immediately prior to. ~hedateof <br />taking bears to the lair market value of the Property immediately prior to the date or taking. with the balance of the proceeds <br />paid to Borrower. <br />If the Property i. abandoned by Borrower. or if,after notice by Lender to Borrower that Ihecotldemnor offers to.make <br />an award or senle a claim for damages, Borrower falls to respond to Lender within 30 days after the:date such -nQt-i.Ce:~~s_ -.- <br />mailed, Lender is authorized to collect and apply the proceeds, at Lender', option, either to restoration or repair of the <br />Property or to the sums secured by this Deed of TrusL <br />Unless Lender and Borrower otherwi~e agree in writing. any such application of proceeds to. principal shan not ~end <br />~:chi~~l~~:ts~ue date of the monthly installmenrs referred to in paragraphs I and 2 hereof or change the amount of <br />10. BolTOwer Not Released. Bxtension of the time for payment or modification of ,amortization of the sums secured <br />by this Deed of Trost granted by Lender to nny successor in interest of Borrower shan not operate to release, in any manner,_ <br />the liability of the original Borrower and Borrower's successors in interest. Lender shall- not be required' td - commeiJ~ <br />proceedings agaInst such successor or refuse to extend time for payment or otherwise modify amortization---of the',sums <br />secured by this Deed of Trust by reason or any demand made by the original Borrower and Borrower.s successors in interest; <br />t I. Forburanl"e hy Lender Not a Waiver, Any forbearance by Lender in exercising_any right or remedy :hereund_~. or <br />otherwise afforded by applicable law, shall not be a waiver or or preclude the exercise of any such ri~hl or remedy. <br />The procurement of insurance or the payment of faxes or other liens or charges by Lender shall not be a waiver of: Lender's <br />right to accelerate the maturity of the indebtedness secured bv this Deed of Trust. <br />12. Remedies Cumulati,,~. All remedies provided in thfs Deed of Trust are distinct and cumulative to any Olher -right <br />or remedy under this Deed of Trust or ~tforded by law or equity. and may be exercised concurrently, _independendy pr <br />successively. <br />13, S"""....,rs and Assigns Bound: Join. and Several Uabillty, Capllo.... The covenants and agreements herein <br />contained shall bind, and the rights hereunder shall inure to, the respective: successors and assigns of lender and- Borrow~. <br />5ubjcc:t to the provisions or paragraph 17 hereoL All covenants and agreements of Borrower shall be joint and severaL <br />The captions and headings of the paragraphs of this Deed of Trust are for convenience only and are not to be used to <br />interpret or define the provision!! hereof. <br />14. Nodce. Except for any notice required under applicabJe Law to be given in another manner, (a) any 'notice to <br />Borrower provided for in this Deed of Trust shaH be' gi\'en by maili.na; such notice by. certified mail addressed.- to Borrower-_af <br />the Property Address or aI, such other address as Borrower may deslgnalc by ",otlce to Lender as provided herein,._ and <br />(h) any notice to Lender shall he given by ceJ1~"':."'.d mail. return receipt requested, to Lender's address stated herein _or-to <br />such other address as Lend-er may daignate t,~ -,tice to .Borrower a~ provided herein. Any -notice', provided -for in ,~is <br />Deed of Trust shaH be deemed lO have ~-n gl-" ,._ 10 Borrower or Lender when given in the mann.er desi-gnated- -herein: <br />IS. Uniform ~t'd of TfU5t~ G-ov~ming taw: Se't'erabRity. This. form of deed of trust combines uniform covenantS for <br />national use and non~unlform covenants with limited variations hy jurisdiction to constitute a uniform security instrument <br />covering real property. This Deef ~)f Trust shaH he governed by the Jaw of the jurisdiction in which the Property is located. <br />In the event that any provision or -.:Jause of thb: Deed of Trust or the Note conflicts with applicable law, such conflict _shall <br />not affect other p~,ovisioi1S of lhis Deed or 1~ru5t Of lhe Note which CaO be- given effect without the conflicting provi~loll. <br />and to this t"nd the"'piOvisions oi the Deed of Tru:'it am1 the Note: aft declared tn be severable. <br />16. Borrowe-r's .py. Borr_ower shall be furmshed a I.:onf'ormcd cOP'! of the Note and of th.is Deed of Trust at the time <br />of execution Of' .after ~.cda.tion hereof. <br />11. Transfer of tbe PtdpedYlAssum~. Jf aU {If an,: part c:( the Property or an interest thereto is sold or fra~~fe-rred <br />by Borrower without l...ender'$ prior written -con!oent, c,-dudlOg i ~t j the i..:-reallOn of ;l lien or encumbrance subordmate to <br />this Oerd of Trust. (0) the- creatioIl of.. purchase mOlle-r ~l,;orl!J ink'fe~i_ fnr household appliatu;-n. (c; a transfer by devise, <br />de-S4.:enl or hy operation of law upon the death of a jotnl (enanl or .ld) the gram of any leasehold interest. of three years or Jess <br />:-,Oi co-ntaining an option to purchase. Lender may. at 1 coJer\ \')Pf.h_~fi. declare ail [he !j.urn.~ secured by thiS Deed of Trust to. be <br />tmmediately due and payable. l.J:fttJer. )hall h:n'c ",aJ~t:d s~~h opllon to acceh:rate, iL prior to the sale or transfer, Lender <br />and the ~rSQn 10 whom the Property I~ W be sold or nansferred reach agreement IIi wriling thai the credit of ~uch person <br />is sali-sfa~lory 10 Lender and that the ~merest payahle on the sum~ ;..ccured by thiS Deed (!f Trust lShall be at such tate as <br />Lender ~hail request. If Lender has waived the opt lUll w accelerate pro....ided in this paragraph 17, :and if Borrower's -successor <br />in interest has executed a writlen <tShumplloll agr~cfllcnl ao.:L'cpfed in Writing hy Lender, LeJ)der -",-h>>H rdt'!~~e Borrower from <br />ull Dbligalions onder thiS Deed of Trust and the NOle. <br />n Lender l~Ji.ercises such option 10 acceienHe. Lender shali rnail .Horf()WCf noti~~ 0f ac,clenition in accordance wilh <br />pan.graph t 4 hereof. Su..:h notice shaH provide it penoJ of not less than ]0 days from the date the notice is mailed within <br />whk.h Borrower may pay the s.ums declared due, If Borrower fails to pay such :iUffi,i: prior 10 the expiration of such period, <br />Lender may, withoul funher nOlicc or demand on Borrow':f, uwoke anj" remedies permitted by paragraph 18 hereof. <br />NON-UNifORM Co-VENANI::.. Borrower aod Lender further covenant and agree as follows: <br />18. Acct"leralion; Rt"medies.. Except aot provided in parllgraph 11 hereof, up6n Borro".er's breach of any_ covenant or <br />agn-cment oC BorroM'cr in this ne-cd of Trust. induding the ('on~nants to pay when due any sums secured by this Oe--ed <br />of Trust. Lender prior to atceleradon sball m.ail nutke 10 Borro",'er llio pco\-'ided in paragraph 14 hereof spedfJing: (I) the <br />breuch: (2) the 8(:tiOll required to cure- su\'h brea-t:h; (3) Il dale, not less Chan 30 da)'~ from the date the notice is mailed to <br />Borrower, by whkh ~U\'h brea(:h must be (,"ulcd: and (4) thai Cailure to cure .'Such breach on or before the date specified <br />in the notice may result in a~.'eelerntion of the sums .~curt:d h.)' :hi; Oet_d of Trust and salt' of Ibe Property. The -noti\'i; <br />..hall further inform Borrower of the righl to r~in~tat,e afler acceleratiun and the right to brilllt D' ~ourt actiou to as.:sert <br />the non~e.xistem..e of a debult or am other defeuse- of Borrower l.- ac,"deration and ~ale, If the brea(~h is not cured <br />on or before the date specified in the notice~ Lender at Lender's uption ms)' declare all of tlu: sum!oo secun-d by thiol; Ot~d <br />uf Trust to be immcdiale1}' due and PilJable withoU1 further demand and mal im;oke- tht'" pOh.er of sale and any other remedit'!o> <br />pennitted h}' apptit.'ahle law_ Lender shall be entitled to ('uUet"f all rca.<ronable nJSb and expt'llSt:S inrurrcd in pursuin~ the <br />remedies provided in thi" panlltraph 18, induding, but m>-t limited to. reawnable uitoTneJ's fees. <br />If the powt'!f of sale L'i invoked. Trustee shall re\.'ont a notice of default In eal..~h count)' in which the f~roperf.\-. (If sOlUe <br />part thereof is located and shan mail ~opie-s of slIch nutice in the manner prcsc..'ribe-d bJ' upplkable la\\o' 10 Borrower and to the <br />other persons prescribed, by applicable law, After the lap~ of .o;;uch tim~ as mid) be required by applicable In"r\--. Trustee- shaH <br />~ive publk notice 4)f sale to the ,persons- aud in the manner prt'suibed 0)' applicable law. Trustee~ without demand on <br />Bono\\'el. shaU sdlthe Propert)' at public auction to the hi~tu,"St bidder at the time aud plal't" and under lhe tl'rm\ dt'.,ig-nate-d <br />in tbe notice of sale in one or morE' parcels and in sut'h order a~ TrusH.-e ma} delermine. Trustee mu,Y postpune ~ak of all <br />01" all)' pafi:cl of the Propeny by public announcement at thl' iinu:, and pian: of un) pre'duusi)" s('heduJcd sali:. LeluJt',r or <br />l..("nd~rts designee may purchase the Propert}' at any sale-, <br />Upon n~eipt of paJment of tht' prk.f' bid, Tru:~tn: :".lohuli ddh'er lH the purclut:ser Tnb(t."'~ dt't.-d nm\'eYlng the l'wpt,["l) <br />sold. The f'ldtM;ls in tbe Trustrt'J'i d-tt.-d t\;haU be prima fa(je nidcnce of the truth of the ..tatemt'nts made t.he-IT!Il" rl'u:o,b.'t.' <br />wll appl)' the proceetb of the ~It in the following order: \41/ 10 ~1I rt.'~soo.nbjc- ('llSb and npt!u~s of Ih1: s.alt.'. iflduiJing, hul <br />nut lim:iwd tu. Trustee's fees of nut mun' than l./~ of ]% of the gn#jS ~alt.' priu. f(~a~)tlablc uUurnt:)"."i fet'~ and (:4,sh uf tillt' \",.idt:'nct.'; <br />lb) to all ~u.ns:_!<ot"(:ured b,. (hi.. [~ufTrust; and tC'i tht" e\('ts-~. if an)'. to the pt,n;oll nr pt'r:>oons l"'~itlJ.' t'utiUt.'ti thcrchJ-. <br />J9. a.:a(rnwftr'~ RiKbt-1o Relnstatt. NOIWtlhstl-mding. b.'ndl'r\ ac-.:dc;.H!\'!l1 (fl the -,.ilf1J~ ~,<:\..urt>J J!lb Dc\.'J ,,'{ f n.J~l <br />Borrower: :lihaH have Ihe right to hay\;', ,In}' proCe(~d(flg'S begun bv l.(;lldCI !<" l'nkrct: lIas. [kcJ (ll <br />an')" time prior 10- the eadier to oc..::ur of {lj the- fifth ,j~ty be.!'n!'.... thi; ,,_ak ,)f PI upcrl:r ptH"'5H~ifn Lhe <br />In thi.s D\:.:d of Trust or (ii) entry l,)f iJ jtldgmcnt \.'lIr(lf>;.~ing lhi~ l1t;.ed ~)f Tru:<:'l 1,'-\l 8orrowu <br />he- ther'! due wlder fhi~ Deed of T1mL the Nok ;wd JK,t(~~ _'i-txHring Fl1lUf\: !\J\'J.rK{"~ if <br />{hi Borrower cun,~.s ,111 bn:a,:hes: pf IIltV other {;ovcnitnh or al:!f~t~rn~~fll'. (Ii <br />lC~ fk)(.ro\li.'.t:'r pay" ,al.l n~..l~onJi"lc e\lx:n;i,~.~ iJlC,li!:rcd by I yndcr ;~-l!d Tnl'i.h:C m <br />!3i,nl.lwcr l,;{}(lt",h"Je'(i in this. Deed 01 TfU>.l and ill t:n{(;.:".:wg Lendc;r\_ ;1f1-U -rru+,;t:.~ <br />h~':n:c;f, itu;j"ding, t.ul not ti-miled fo, r~.._~.mahle ;lH{).rm~\'\, f,:n; .wd tdi tkwrowcr !;,kx., ~u\ h <br />ri;:q~dr(' In .ft.\IJ(~> ItHl! the lien ~'lf thi~ f)o,:cd of Tru~t. 'Lendl'I'_~ ;nten.~'i! in{' PlOl",;Uf~ ,\rh! <br /> <br />