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<br />r <br /> <br />L <br /> <br />84 -003974 <br /> <br /> <br />9. Condemnatioa. The proceeds of any award or claim for damages. direct or consequential, in connection- with: any <br />condemnation or other laking of the Property. or part thereof, or for conveyance in lieu of condemnation, are hereby..slgned' <br />and shall be paid to Lender, . <br />In the event of a toW laking of tbe Property. the proceeds.hall be applied.to the sums secured by this Deed pfTl'Ilsl, <br />with the ex<:eSs, if any, pald to Borrower, In the event of a partial taking of the Property, unless Bprrpweran~4nder' <br />othcrwlseagree in writing, there shaU be applied to the sums secured bytliis Deed ofTrustsuchpropPrtionof~.~' <br />a. is equal 10 thaI proportion which the amount of the sums secured by Ihis Deed of Truatimmedlalely prior lo.the date'of. <br />taking bears to the fair market value of tbe Property immedialelyprior to the date of taking, with thebalanceofthe Pr,oce""s' <br />paid to Borrower. - _ --- - - '. ,',-. _ . <br />. If the Property is abandoned by Borrower, or if, after notice by Lender 10 Borrower that thecond<>nmor otfel:s.t~niake... <br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 daysaf\ertbedate su~h'n()liCllcis <br />mailed. Lender is aUlboiited to collect and apply the proceeds, at Lender's optipn,either tp. resroration, or repair ol'~' <br />Property Ot' 10 the sums secured by this Deed of Trust, . . .'. . ........... .. ........ ":', <br />. Unless Lender and Borrower otherwise agree in writing, any such application pfproceedS loprincipalshannot..~tend. . <br />~:chi:Jl~tsdue date 01 the monthly installmentneIerred to in paragraphs I and 2bereof or change the amQlJntof <br />10. Borrower Not Rdeaoed. Extension of the time for payment or modification of amortization ofthe sums se,,,,rea <br />by this: Deed of Trus.t granted by Lender to any successor in interest of Borrower shall not operate to release., i~ 8nY--nlannero:: <br />the liahili-ly of the- original Borrower and_ Borrower's successors in jnterest~ Lender sha:U .-not - be requited 'to 'commence <br />proceedings against such successor or refuse to extend time lor payment or otherwise modify amortizatipn Of the sums <br />secured by t!lis Deed of Trust hy reason of ~ny demaod made by the original Borrower and Borrower'.. successonl"in ,interest;:. <br />11. F-......e by Lender Not a Waiver. Any forbearance by Lender in exen;lslogany right Of relIIt!dyhcmmnd<>r.:pr . <br />otherwise a/forded by applicable law. sball not he a waiver of or preclude the exercise of any such rljlhtpr remedy, <br />The procurement 01 insurance or tbe payment of taxes or other liens or cbarges by uoder shall not be a WlttverofLender's <br />right to accclerate the maturity of the indebtedness secured by this Deed of Trust, <br />I:L RemedIes CllllRllatlve. All remedi.. provided in thi, Deed or Trust are distioeland cUOlulalive to any other right <br />or remedy under this Deed of Trust or a!forded by law or equity, and may be exercised concurrently. in<iependently.Ot' <br />succeaively. <br />13. s..~ a.... AIIIps _....; Joint ami Several LlabI1lty; Caplloas,The covenants andagreementsh~, <br />contained sItall bind, and the ngllts bert:under shall inure to, the respective successors and assigns of Lender and' Borrower, <br />subject to the provisions 01 paragraph t 7 hereof All covenants and agreements of Borrower shall be joint and severat <br />The captions and beadings 01 the paragraphs of this Deed or Trust are ior convenience only and are not 10 be.used' 10 <br />interpret or define the provisions bereof, <br />14.. Nodte. Except for any notice required under app1ical?le law to be given - in another manner__ --(af any n6tice-:to <br />Borrower provided for in this Deed oi Trus~ ,hall be given by mailing such notice hy certlfied mailaddressed.t\) Borrower at <br />the Properl)' Addreos or at such other add...... as Borrower may designate by notice to Lender as provided herein, and <br />(b) any notice to Lender shall be given by certified mail, return receipt ",qu..ted, 10 Lender's address stated hereinol"to <br />such other address as Lender may designat.. by notice '0 Borrower ". rovided herein, Any nntice provided . for in . this, <br />Deed of Trust sball be deemed to have ~.".given t" Borrower or 1......r when given.in the mannerdesigoatedherein. <br />15, ()niform DeetI of Tt'IIlW, Gonml"l Law; ~. ,rUlJity. This form of deed 01 trust combines uniform covenant. for <br />national use and non.uoiJorm covenants wlth Ilmited variation$. hy jurisdiction to constitute a' uniform security hisU'Ument <br />covering real property, This Deed of Trtl>. ,hall be governed by the law of the Jurisdiction in which the Property is locate,'- <br />In the event that anY.P.':ovision or cia.... of thIS Deed of Trus. or the Note conllicts wilh applicable law, such connict shall <br />nol affect other. ~"rif Um~Decdi()f Twst -or the NOle which can he given effect without (hI..," conflicting provision. <br />and to .bis eod.the prov~ 'If the Deed \11 Trust and the Note ato declared to he severable, <br />l6. .......wet"l! j;1IIl.I.. 'Borrowersball be turmshed a conformed copy of lhe Note and of this Deed or Ttust at the lime <br />of execution of aftef'l'lld'fHllitidil1iaeo!':' <br />l7. Tiiiiif... of t1",Pt'OpeiIy; AIa1Impdnn. If all or aoy part 01 the Propeny or an interest therein i. sold or t'~n.ferred <br />by Borrower without l.ender.s prior written ron~ot excluding fa) the creation of a lien or-encumbrance subordinate,-to <br />ihls Deed of Trust. (b) tbe c~atiotl of a purchast f:l~..,tley security J.' ote-rat for household_ appliances. <. c) a transfer by devise. <br />descent or by opctation of taw upon tbe death of:at. 10101 tenant or Cd) the grant of any leasehold interest of-three-years or less <br />not containing an option to purt;:bue. Lender ou.y. 31 Lender', op~ion, declare aU the sums secured by this- Deed of Trust to be <br />lnlmcdilltely due and payable. Lender shall have waived such optIOn to accelerate if, prior to the sale or transfer, Lender <br />and the person to whom the Property .. to be sold or t.anslerred reach agreement io writinll that the credit of such person <br />is sattsfu."tory to Lender and that the int-et-cst payable on the SUm'!i $ccurcd by [his Deed of Trust shall be at such rate as <br />Lender shan request. If Lender has waived the (lption fO accde-rale provided in this paragraph 17. and if Borrower's successor <br />In intere5l has executed a Whiton uswnption agreement- accepted in writing by Lender. Lender shall release Borrower {rom <br />all ohIiptions under this Deed 01 Trus. and the Note, <br />If Lend<< exercises such option to ~./;cele-ra(c, Lender \.hal1 mail Borrower notice of acceleration in accordance with <br />~ 14 hereof. Such ootice shaH pfU'iide a pefiw ut fl01 ie~s dum 30 days from .the date tbe l!Gii~ is mailed wi~hin <br />which BortoWef may pay the SlUlli do::larcd due. If Borrower {llll1 to pa)' such :sums poor Iu the explrauon of sllch penod, <br />Lender may. without turtbcr notice or demand on Borrower, invoke any remedie-t permitted. by paragraph 18 hereof. <br />NON~U!'UFOItM COVENANTS. Bor:rower and Lender further c()-venan-t and alree as follow!: <br />II!. A.<<eIer1IUooa; R__ Escepl" provided In paraarapb 17 hereof, upon lIorrower's brell<hof any covelUll1l or <br />.__1 of Bonower ia lhiIi Deed ..f 1'.....1. Ind..dIng the r...e....n.. t.. paJ when due any su_ .."nred by tbis Deed <br />of Trnsl, 1_ prior to ac<e1nallun.ba11 mall notlee 10 Borrower.. provided In _..ph 14 h...or 'pecify!"l' (I) lhe <br />brea<h, (21 lhe aetloa nq..ired to ...... sorh breaeb; (3) a dale, not I... than 30 days from the dale tbe nolke is mailed to <br />Ikorrower, by wbkb sorb hrell<h 01.... be ...>red: and 141 that failure to rt'" such brea<h ..n or .before the date .pecified <br />In lhe nolke may ","",t in accele..tion ..f the ....... secured by this lle<d "f Trust and sale ..r the Property, The notice <br />shall farther h"orm BoUOW'ff of the ri&.h' '0 t(',"aft!' aftu .accduatioll and th~ ri&ht to bring a CObrt aKtion 10 assert <br />tM ~dskna: of a default or IIn) other ddeose o( Borrow~r to ac,"'~lenlUoll and sale. If tht- breach is not curt'll <br />.... or bef...... the date spedIled in the nofl<<. Lender at Lender's nption may declare all of Ihe sums secured by this Oeed <br />or TI1ISI to be I_ediakly due ami pay_ ..it....ut further demaml and may in.....e the power or sale and aoy other remedies <br />ponaitted by applicable Jaw, Le"""r shall he eoli~ to roll<<l aU r__e ,'08" and npr_ Incurred In p....ul"l the <br />remedies provided m this parqraplo lJ1, including, but not limited to, .......nable attorney's fees, <br />If ~ pow... of sale is In.oked, Tna>t.. shall record . notice of default in eacb couoly in whkh Ihe Properly or some <br />.... tIMftof is located and shall mall ""Pies of such nolke In tbe manner prescribed hy' appIlrabJe law 10 Bonower and to th. <br />ot.......-- p",""ribed by appIlrahle Ja..., After the Ia.... of surh lime as may' he re'lulnd by applkable la.... Trus1ee shall <br />&iY~' puWi-c noIke. of sale to the ~ and in the mUMI" pr6Cribed by applicable 18w~ Trw;tee., witbout delM.nd on <br />lJonower, sI1aII sdIlhe Property .1 po1Jllr aortion to the bighest bidder al the lime and pial.. .nd ..nder the lor.... d""i~nat.d <br />In the ootke of sale in .... or more parce~ aud In _b orde, .. Tn"".. may delermlne. T.....lee may pootpone sale of aU <br />or aay ,..w of the Property by po1Jllr _nrement at the ..nte and place of any previously ""heduled sal., 1.ender or <br />l,e1Uler's deJicnM ....,. PD"- the Property at auy sale. <br />U""" rccdpl.. . of pay. _ of !be.pril... bid. TMlSlee shall deli.er to the purd....r '1......t""'. de<od .'Oo.e)'lng the Property <br />sold. .TIle. redtaIIi in the Truslee'S deed shall he prima facie ..iden.. of the lruth of the .tatements made therein, l"r-u.t.. <br />.sI1aII apply ~ pr..... 01 the saJe fA tbe fnllowilllt ....der: (0) to aU -.111< l"",,, aud .xporu;t'S "r the sal.. includlnll. hut <br />_llmlted to., ~'. r.... of not more ~Ium ... of 1% of the II...... saJe price. .......ooabIe all.......)". f_ and ....... of title ..idenre; <br />ibilo all_......-ed by this Deed of Trust: and iel the ex._, IfaD) , t"the pefSlJO or p<o......"IegIlUy .ntitled thel'eto. <br />19.. e.nowen Rftht to. R~~ NQtwdh$tanding l-ender's a<:cderatit){1 of the S\lOl!l secured ~ ~y {hi.. Deed of fnl"l. <br />Borrower shall have the ript to haye any proceedings begun by Lcnder w ('u{orce thi1 [leed Of TttJst dl~~QlHlfttled :it <br />~y time. prJUf to ttie -cartier 10 QC~Uf of (i) the- fifth day before Jhe Sdle of the Property pursua(\! tlllhe I){lwe-r of ;;:dc ~onf-ain(d <br />Ul tIUl.Dee4 ofTJ:U'lt or (ii) entry ~ a judlmetll enforcing this. ~ of Tnl$llf: In) Bonmver pay:. LeiH.kr .IH sum-s, ~'h.kh \\'outd <br />be then due under d\lt Deed of lru$t. the NOh~ and not~ -5t\;l.mng rutu'f\:' AdvItn,,-e.s-' if any, ha.d no a~,deralll.:m o>:\;uH-cd~ <br />Ib~ _8oJ'rowcr C~ aU bn:acha of any other cov.e::iUinl) (,r agreement:>t of ROH\'Wet contained to tIll'S. Deed of Tfu~t; <br />(c:) &ltn)wet pa,,Y1i aU ,'~ttabkt txpen~ lfKUneu. t:.)' Lender and TruMe.e-, in enforcing the ..:'IWCIHlnlS i1tl~ agreement, of <br />Borrower ('on.tamed if' thu. Deed- of Tru.'d and in eutordng, Leoder'i and TOJ')Ietl'-1\ t~medje:'j, ~l.S provideo th pilfa!lf'lt~'th IS <br />httcOr~ i:m:_h.i'dlnlt, but not H-mited to. reawnab~ all()r~y1!!: h,~; 8n~ (d.l 8ofww('.f take\- :o.ueh ai~tlOl'l ili l,f.nder mil" rCd~Hnabl, <br />ft<<t-u-1re t-o #Mute that the Hen_ (~I tbt$ ~ of Ttu_lit.. "I_ender'\ tnttrcsl in rh<o- PrOf1Crty <.\nd BOrf\."t~el\. ,)bHgatit.1-1'1 !II P,I\ <br /> <br />"-' <br />