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<br />84-
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<br />003401
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<br />9. ('ontkmna'iou. The P(()CccJ'i of any 3ward or claim (or damages. direct or consequential, In connection wirh any
<br />l.:ondemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall he paid to Leodc:r,
<br />In lbe evenlor a !Dial taking or the Property, lhe proceeds .hall he applied 10 the sums secured by this Deed of Trusl,
<br />with the excess, .r any. paid 10 Borrower, In Ihe evenl or a partial laking of the Properly, unless Borrower and Lender
<br />otherwise agree in wriling, then: shall he applied to the .ums secured by this Deed of Trusl such proportion of the proceed.
<br />as is equal 10 thai proportion which the amount of Ihe sums secured by Ihis Deed of Trusl immediately prior to the date of
<br />laking hears 10 the fair market value of the Property immediately prior to Ihe dale of taking. wilh I"" balance or Ihe prOC<<ds
<br />paid 10 Borrower.
<br />It lhe Property is abandoned by Borrower, or if, aher notice by Lender 10 Borrower thallhe condemnor otters 10 make
<br />an award or settle a claim for damages, Borrower faiJs to r~pond to under within 3() day! after the date :>lJ.~h notice is
<br />mailed, Lender is authorized 10 collecl and apply the proceed., al Lender', oplion, either 10 resloralion or repair or the
<br />Propeny or 10 Ihe sums secured by Ibis Deed of Trust
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
<br />~~cr:'::~'::'tsdue dale of the monthly installmenl' reIerred 10 in paragraphs I and 2 hereof or change Ihe amounl of
<br />10. Borrow~r Not Re&e.ed. Extension of the time for payment or modification of amonization of the sums secured
<br />hy this Deed of Trust granted by lender 10 any successor in interest of Borrower shrill not operate 10 release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shalt not be required to commence
<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 of any demand made by fhe original Borrower and Borrow.er's successors in inrerest.
<br />J I, Forbearance by Leader Nol a Wainr, Any rorhearance by Lender in exercising any righl or remedy hereunder, or
<br />olherwise afforded by applicable ,,"w, shall nOI be a waiver or or preclude the exercise of any such ri$ltl or remedy.
<br />The procurement of insurarn:::e or the paymenr of taxes or other liens or charges by Lender shall not be a waJVer of Lender',
<br />nght to acceltrate the matunty of the indebtedness secured bv Ihis Deed of Trust.
<br />12. Heme-diu Cumulalin-. All remedies provided in thIS Deed of Trust are distinct and cumulative to any other right
<br />or remedy under this Deed pt Trust or afforded by law or equiry, and may be exercised concurrently. independently or
<br />successively.
<br />13, Successors and Aaipa Bound; JoIDl and Senral UabIlIty; Captio.... The covenanls and agreements herein
<br />contained shaH bind, and the rights hereunder shall inure 10, the respective successors and assigns ot Lender and Borrower,
<br />subject 10 Ihe provisions of paragraph 17 hereof. All covcnanls and agreemenlS of Borrower shall be joint and several.
<br />The captions and headings of !.be paraglaphs of Ihis Deed ot Trus.t are tor convenience only and are not to be used to
<br />interpret or define tbe provisions hereof.
<br />14. Notice. Except (or any notice required under applicable law to be given in anotber manner. (a) any notice to
<br />Borrower provided tor in this Deed ot TrllSl shall be giver ..., mailing such notice by cenified mail addressed to Borrower at
<br />the PiGpeny Address or at such other address as, Gorro may designalC: by notiCt: lO Lender as provided herein. and
<br />(b) any notice to Lender shaH be given by certified mail. r'_~lJrn receipt reques.ted, to Lender's address stared herein or to
<br />such other address as Lender may designate by notice iO Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust shaH be deemed to have hecn given 10 Borrower or L::.nder when given in the manner designated herein.
<br />15. Uniform DeecI of Trust; GO.ffI"~ (...aw; ~verabiJity. This form of deed of trust combines uniform covenants for
<br />national use and non.uniform covenants with limited variations by Jurisdiction 10 constitute a uniform security instrument
<br />covering real propcny. This Deed of TruSl shall be governed by rhe law of the jurisdiction in which the Property is located.
<br />In the event lhat any provision or cJauae of this Deed of TrlAl or the Note conflicts with appJicable- law. such contHet shall
<br />nOI affcct_ other provisions of this Deed of Trust or the Note which can he given effect without the conflicting provision.
<br />and to ,hlS end tbe provisions ot the Deed ot Trust and the NOle are declared 10 be severable.
<br />16. Borro....ers Copy. Borrower shall be furnished a c:oniormed .:opy of the Note and of this Deed of Trust at the time
<br />of execution or after recordation hereo!.
<br />17. TraQSfu of the Property; "-umpdou. If all or any part of the Properl)" or an inrcresllherclO I' $Old or Iransferred
<br />by Borrower without Lender's prior writlcn consent. excluding (il) Ihe creatIOn of -a lien or encumbrance subordinate to
<br />Ihis Deed of Trust. (b) rbe creation of a purchit-~ mone)' security interest for ho~hold llPtliances. (e) a transfer by devise.
<br />descent or by open.tion of law upon the death of a jOint tenant or cn ')11 ,I.. f n~ I I I j "ft.) J I If iir If 1 IB! I h,,-
<br />r::1 t jj ',i ".i.- -:-ff 'Elfl tB t" ,hili. Leoder m~)'. a-ll.ender'$ opiioH. dedare ail the sums Jecurcd by th~ Deed ot TrU41 to be
<br />immcdialely due and payab c. Lender shajl ha'o'c waivcd such option to accelerate if. poor to the ,ale or transfer, Lender
<br />and tbe periOD to whom....the Property is to be wid or (flHl1i.(crred reach agreemem in wrlting that the credit of such penon
<br />is satiafactory 10 lender and lbat the intercst payable on (he .sum) ~ured by this Deed of TfU$l, shaH be- at such rale as
<br />under shall rC4.1UC$L It Lender has wa;ved rnc option to accelerate provided in this paragraph 17, and if Borrower's successor
<br />in ioterest hti exccuted a written assumption &&reemen( accepted In writing by Lender, lender shaH release Borrower from
<br />all obligalions under Ihis Deed of Trust and lhe Note.
<br />It Lender exercises :iUch option to accelenstc. Lender ~hall mall Borrower nOllce of i\:celcration in accordance with
<br />paragraph 14 hereof. Such ootice shall provide a pellO<! of nol Ie" than 30 day. from lhe dale Ihe notice is mailed wilhin
<br />which Borrower may pay the sum" ~jared due. If Borrowe~ f~ul.s 10 pay ~uch iums prior 10- the expiration of such period,
<br />Lender may. without further notice or demand on Borrower. Hlvoke an}' remedies permined by paragraph_ 18 hereof.
<br />NON~l)NlfOI.M COVENANTS. Borrower and Lender further covenant and agree liS follow$:
<br />18. Acceleration; Remedia. Except Ai provided in paraerapb J 7 her~of, upon Borrower. buacb of any coveRallt 01'
<br />llII_ol of Borrower ia I!Ilo Deed of Tnasl, IDd..dinc the cMenanls 10 pay ..beD due aDY .ums sewred by Ibls Deed
<br />of Tnast, Leader prio.r 10 ..cderaIioo shall mail ootlce 10 Borro...r ... pro,lded in panoerapb 14 bereol specifYln&: (1) Ibe
<br />breacb; (211he ..11Da reqolRd 10 cure ....b breach: 131 a dale. no( I... Ihan 30 daYS lrom the dale lhe nOlke Is ntalJed to
<br />Iortower. by wbleb such breac" musI be cored; aDd (41 lhat failure 10 cure ....... breach on or before Ihe dale specllied
<br />I: the DOUce ~y ru;alt in ac~.tioii of tbe iiiirQ ,S.eClii"nl by tuti Deed of TrU6t and saic of the Properly. IRe BOike
<br />shaU furthet Worm Borro..er 0' 1M riahl to re"""'le afler acreleration and Ihe rlCbl to bring a courl aclloD 10 _t1
<br />the _-existeD<< of a default or any other deleose or Borro..er 10 accelerallon and sale. If Ihe breach Is nol c..red
<br />OA or before the dale speellied lit the ootlc., Leader at Leader', opllon may declare aU of Ibe 'U/tti secured by Ibis Deed
<br />of Tnasllo be Immediately due and payable wilboull..nber demand and may in,oke Ihe po..er of tUlle and any olher remedies
<br />penolUed by applkable law. Leader shall be entllled 10 collecl aU 'e.....lUlbl. cos.. and upenses Incurred in punlllnc the
<br />remedlft PfO"lded in I!Ilo _rapIl18, iJICludinC. but no( Umiled 10, reasonable alloruey's fees.
<br />If the power of sale is in.oIled, Trustee shaU "",ord a ootic. 01 default In eacb coonly In ..bleh Ihe Propet1y or some
<br />pus thereof Is Iocal.d and shaIIlSUIiI copies 01 ....h nollee in the manner prescribed by applicable law to Borrower and 10 lhe
<br />oIMr pe.l1iODS prescribed by applkable ...., Afl.r lhe lapse 01 such time as may be required by applluble Ia... Tnastee shall
<br />&in pobllc DOllee of 5aIe 10 !he pe.l'SODS and in lhe MaDDer ...-rlbed by applicable ...., Trust... ..ilhoul demand on
<br />.......w.r. shall sell lbe Property at jhIbIlc ""ction 10 lhe hlch.... bidder al the lime and p"ce and uRder Ih. ler/tti desJc....led
<br />.. the ootlce of 5aIe Ia oat or ........ pare." and in sucb order as Tnaslee may delermine. Truste. may poslpoue sale of all
<br />or ""y pa.....J of lhe Property by puWlc ..........1><.....,"1 .. llie lim. ....d pia<:. of any pr..101IIIy scbeduled tUlle, tender or
<br />lADder'. dcsIpee mar purehMe lite Property at any sale,
<br />Upoo rettlpt nf 1"11-.1 of the price bid, T.....ee shaU deliver 10 lhe purchaser Trusl..'s deed roV..yl"llthe Property
<br />sold. Tloe .....1laIt 10 the Tnlllt.... deed lIIt&lI be prima facie .vldence of lhe lruth 0' lhe slalemenli milde therein. Tnut..
<br />... ".ply the proceeds of the.... 10 the loIlowipa order: {allo all _....bIe c_ and expenses. of the sale. loc:l..dl.... bul
<br />IIoIIlJDlled 10. 1'_'. r- of DOC ~ tlwo 1/2 . of I ')I, of the..... _ price, re-.bkatlomey's r... aod <<MIl of
<br />lid. nlde.... (ltllo all....... _lSleIIby t.hls Deed of Trust; aod (e) the e,;.-.If any. 10 the petliOn or petlOOS lepIly .ntitled
<br />t........
<br />It. .lvi"iVWtri" RJjJN iv Reid.. NutwitmtandinJ Lender's a-c.:eicntlon l,.)( the sums $ccurc:d by this Deed of TrUS-l.
<br />ilQrrower shaUhave lhe righl 10 have any proceedings beaun by Lenoer to enroree Ihis Deed of TnlSl disconllnued a.
<br />any time prior 10 lhe earlier to occur or (i) lhe fifth d.y her"", the ..I. of the Property pursuanl.O lhe power of ..Ie con.ained
<br />in Ihis Deed of Trust or (ii) entry of a Judimenl enfore;na Ihis Deed of Trusl jr: (a) Borrower pays Lender all sum. which would
<br />be- then due under thi. t:>c:c.d of TrUll. the- Not<: and nc)te-s ~ufin8 Future ^dvances. if lIn)". had nn ac<:e1eral!on oc,urrcd:
<br />(b) !Jor(owtr curet aU brC"4l-Chea of any q(tu:r (QVen-anti or "*3reemcnh of Bo-rrow~'f c,,-:-'mtai-ne-d m (his Deed 1.')( Tru~t;
<br />(cl Bono\loer pa)'1 a.H re-a$(,m.ab-f.e e\ptniCS incurred by Lender and Trustee in enforcmg the CO\'tflllnh and agree-menu. -ill
<br />8or-r~'e:f -\"I)J)b;ncd in this ~d ot Tn.lif and ;0 enfi,lfCina Lender" and Trusfee's remedies i)'i. pr-o\'ideJ in p.ara.g.f aph 1 R
<br />I1er~r. ttl(;hJdiog,_ hut iwt ltmited tv. ~e...wnabk CiItQr:llC.('Io fee". and {d} ~(row(:r u.kelt $uch -i'h,:tinn </.,," Lc;ndcr may reasonably
<br />reqmr-c Irf allure- that th~ hen nf lh'-J Deed of Trus~. Lende(~ tfltett's-t m the Proper'll .and nl:rnowcr\ ubf1iAtlOH [(I pay
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