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<br />84- 004405
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<br />9. ("undt.'m!ldliou. 'J !,,-, l'i"\.t'v\h nf ~l/l} .l..\";trd 1\;" datm lut damage:.;. dire..:! (1; i.:nnSi..',qlicntf{l1. in cpnnccl;,m with allY
<br />,,:ollucmnallOll or other taklllg of lhe Pr0{">l.:r1Y, or r:U"I thereof, Of for C{lllvcyancc in lieu of condemnation, are hereby as~igned
<br />and shall be paid 10 Lender.
<br />In the event {?f a t0l311aking Gf thl: Property, the proceeds shall he nppli\:d to the sums secured by this Deed of Trust..
<br />with the excess. d any. paid to Rorrowe:r. ill ihe event of it partial !aking or the Property, unless Borrower and. Lender
<br />lllh.crwisc agree in writing; there :'Shall he applied to the sums secured hy this Deed of Trust such proportion of the proceeds
<br />;IS IS equal EO thai proportIOn which the amount of the sums sCl..':ured by Ihis Deed of Trust immediately prior' to- the date of
<br />la~ing bc.m; 10 !he fair market value of the Property immediately prior to the dale of taking, with the-balance of the proceeds
<br />p::lld to Borrower. .
<br />If the Property is ahandllllcd hy Borrower, or if, after notice by Lender to Borrower that the condemnor_ otfers'-to'aa~ke
<br />an award or settle a claim for damages, Borrower f..lib to respond to Lender within 30 days _after the',date suc_h._'-ilortte:,j_~
<br />mailed, Lender is 3uthoflzed tll collect and apply the proceeds, at Lender's option, either to restoration- Of.' repair,_-of---.the
<br />Propcrry ()r to Ihe ...oms secured by this Deed of Trust
<br />Unless Lender and Borrower lltht:r~\ I~C agree in writing. any su;.::h application of proceeds to principal: shaH'_ not:;~tell~
<br />or post~)ne lhe duc uatc 01 the Ilwl1thly installmcnls referred to in paragraphs I and 2 hereof or change the- amQunt'{)[
<br />...ueh installments_ -
<br />10. Borruwer j\,'ut Rde3sed. Exlcn..iorl of [he time for payment or modification of amortizatiOl'l' of thc'surns-''-secured
<br />hy thi... f)~cd of T fU'>\ ~ranlcd hy f .coder In any ~UCl.:csso/' III interc,s.t o~. Borrml,,'cr shall not operate to release,.-ili '-any-ma:il:rief',
<br />Ihe liahillty of Ihe onginal Borrower and Borrower's 'luccessors In Interest. Lcnder shall not be' required: to' -~commence:
<br />[1l(h.:eeding-; dgaios[ such SlKCe,j')(jf I.H rdu:-,c ll' c.\tenJ tillle lor payment or otherwise modify amortization of,-'ihe"sum:s
<br />,>ccured hy Ihls Decd 01 Trust hy rcason of any Jcrnano O1ad~ hy the original Borrower and Borrower's successors: in interest
<br />11. Furbearam'c- by Lend(>r NOl a 'Vain"r. Any forbearance by Lender in exercising ;1ny rjght or rcmedy-'hereuiIde't; or
<br />\llherwi~e alTorded by applicabie law, ~hali nUl be a waiver of or prcdmk the exercise of -any such right,- or-'-'-Temooy:
<br />f"he- procurement <)! insurance l)f the paymclll of taxes Of olhcr liens or charges hy Lender,shall not be a waiver of Lender's
<br />righl to accelerate th~ lllaturitv t.f lhe indeblcdness :-,C'cured hv this Deed of Trust,
<br />~ 12. Remedies t'umuJati\'l". All remcdic~ rrovid..:d in thiS Deed of Trll'l,[ arc distinct ami cumulative to any other: right
<br />Of remedy under this Deed of Trust or afforded hy law or equity. .1I1U may he exercised concurrently, indepelidently-:or
<br />~llcce~~ively.
<br />13, Stlcces.~ors and AssiJ:ns Bound; Joint and Several U;lbilit~'; Cal)tions. lliL" ,:()venants and- agreements, herein
<br />contained shall hind, and the rights hcrcunJa shall inure to, the r~5rcctive ~ucce~SOfS and .assigns of Lender and--Bbrrower~-'
<br />::.ubjcct to the prnvisions of paragraph 17 h<:rL'pf. All COVCG:1l11s and agreements of Borrower shall be joint and_ severa-J.
<br />The captions and hl:adings of the paragraphs of this. Deed of TruSI arc for convenience only and are not to -be used, to
<br />inlcrpret or define Ihe provisions hereof.
<br />14" ~otice. Except fl'r any noli,-c reqUIred under applicable i,l\\' to t ~iven in another manner-" (a) any - notice' to
<br />Borrower provided for in this Deed of TfUSI shall be given hy mailing !'n,~h nl" e by certified mail addressed to-Borrower-at
<br />the Property Address or Jt such other audres... <I" Borrlh..'er m:IY des. ,:e.~ notice jn I_cnder as provided h~rejnl and
<br />(b) any noti-.:c to Lender shaH be given hy ccrtiricd m~llt. ,etur,l l'eccl~-"t requested, to Lendc_r.s address stated herein or to
<br />such other address a:s Lender may deSignate by notll.:c !{) Borrower ,IS provided herein. Any notice provided for in,-this
<br />Deed of Trust shall bc deemed ILl h,lYC been givcn to Bornm ~r \lr I ender when given in the manner designated herein,
<br />15. Uniform need of "I fII"it: (;o\"t.'rnin14 La,": Se"{'rabilit,\. ("his rnrm lIt deed of trust combines uniform covenants for
<br />national use and non-ulllfolm CO\l~llanb wllh lllllih:d \,UJatllll1\ by jUrl':idiclioll tn constitute a uniform security instrument
<br />covering real propt.'fl\ This I ked l>t Tfll\f ...h:dl b~ ~,l\'I.'fllL'd h~ lhe bw of the Jllfisdiction 111 which the Property is located.
<br />In the event that any proV!Slon ,lr clausl' l)f [Ill', [)cl.'d I'l Trust ">1 lhe Nl}[l' ..__(\lljJlCt~ wirh applicahle law. stich conflict shall
<br />not afTect other provisi(lllS {')f lhi\ DI.:..:d l,r T'll"! ,If Ih\.' 7"l~h..' \\llIch \<\11 \";.,. ~I\l'n etfecl withoUI the conflicting provision,
<br />;md hl this end the pro\'lsilms (ll the Dct.:, I ,.j "} rll\! ;llhl thl.." :'-,Otl' ;lr,' ,kdalcd 1;\ he sc\'erah!c.
<br />l6. Borrower's COP), B..lnl)\H.'f :.h.IH bl' 1~1/"1l1...ht.'J ,I "-"llll.lrlll":U ~-,)P\ pI thl' NlllC and t'f this Deed of Trust al the time
<br />nt execution l.)f afler rCI.:Qn.fJtH.)!l hereof
<br />17, Transft.'r of the Proper1.\: Assumption. If .ili ,11 ;lll~ part d lh~ Pwpl'! t\ l)r an interest thcrein is sold or transferred
<br />h\ Borrower without l.ender's i.1flor \HJ!kn (\'l1'.en1. ..:....dUJlll!.': ,.1) Iht.: (ll';ttlll11 pf a lien or encumhrance subordinate to
<br />!hls Deco of Trust. (h) the crc:;!lt111 d;1 rurcha~~ !11,'nt:\ '~.::ur"I() intcr~\t ll\l hOll~chol~<,appffinltes~_,,_(C) a transfer by devise,
<br />Jcsccm or l1y operall~n i.1f law UPl.-)ll the i.lc,tth <.It :l j~l~ll[ (cnant ,1/" 1 I \ 'PI !lffl'f:ll j R~_ h i ilii Ln:ttUlllt f tAna :'11 [J or 1Iii
<br />nllt 'iiHlt'u;;ting 81 fllJlilI 1 J f Ir hl:lU . Ll'nder nj,l~. ;ll I ~ndl..'r.,> \)!1[lPll, dL'clarc :111 thq."~lIms: _secu~edJ:)Y this ,Deed of Trust to be
<br />!l1lnlcdiatcly dlll: and r~l~able. I.cndcr "h.1!! h.l\~ .\,:1\1.'1..1 ~Lh:h ,'pt:.1tl h' ;tccekr,~e.lr:,pr~~f"-f() the -sal~ Ot transfer, lender
<br />and the person to whom .the P/,()perty I:" tll he :-~lld ,>; !l.Hl,>kl!ed ~.<..,l\.__h a~reCll1cnt 'in;writlllg that the. creCfjt of such person
<br />lS salisfactory f,l I endn ;md 1!1;I1 the ~nter~::.t p,l~ahk ,lll the '!Hl1,> "enlred h\ ihis PC"~d tH~ Trust shall. bo at such rate as
<br />I,cnJer sh~lli relj1l6t. Ii I l"nder h;t~ wat'.-ed Iht' ~lptl,-'n /,l ,i..-,:t:"!l'f.t!l' pro\lded III 'l!_is:para!!:raph !7. and if BOftO\\"cr's successor
<br />111 Inler.::.! ha~ l?_\.t:ClItt'J ~l WfJH~n ,:SSllllll1tlt1f1 ,lg[t'('mo..:ll! _t..:..:o..:p!\:d ::1 1,\ rltlll~ h (.ender, Lender sh~ll! rcle,l~ Borrower from
<br />~U or.ligatKif1s under tl)j-~ Dl'CJ l,t Tru~l ,Iud the :..otc ~, ~'
<br />If-Lender 1..'.\er"':ISCS such l)pth'll W .l..-t't'kr~!l., ! coder ,h.1ii in,lI! B('Hn"\l..'1 'JWIICC of aCi.:deratiou iii acc0rdance with
<br />par.agraph 14 herc....l. Sud~ nOtll.:l~ ...11.lil Pll)\llk ,I reri('d 1.'1 il,\t k"" tf1.ltl __W J,l\~ from the dale the,IlQt-i'Ce i.. mailed within
<br />which Bmrt\\\l't- ma~ p~l~ thl~ :-.um.... Q('(jareJ QUI.: II Ih11!1'\\e: !.II!,> [I' 1'.1\ "lkh ,>urH..;'prior to the c\pi'ration l)f such period,
<br />Lender may, Wllhout runner Ih)l1":~ ...'f demand ,Ill Htllnn\l"i \ ,'l-..c ,111\ Jt.'llll'lh'~ perfllllled by paragraph IS hcn:oL
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<br />~\t~-L. i'>.lFOR:-'t l 'll\ l'N,\.;'\. I:'> Bor rl),^er afld lender f tlrth<.:r ~ ,'\ I.'ll.lllt ,tnL! ,lgrl.'~ <1.<' lollllWS:
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<br />18. Al'n~IeC1llion: RelU~dit'~. EXl.."t.'pi a_~ pnl\,idcd in JlUrat.:raph 17 hen'uf. uJ'on Uorrowt'r's breach of all)' l'O\'enant or
<br />agreemenl uf Borro,"cr in this ne~d (If Tru~l. indudiuJ.: IIH.' l.H\l'IIUnl~ to pO!.' when due an)' SUlIIS secured h." this Deed
<br />of Tru~l. Lender prior In al'l'eleraiiun shall Ulail uutin' lu Hnrrll\\l'r ".. prmidNI in paragraph 1-4 hereof sped(~-ing: (1) the
<br />breach: (1) the action required tu run' ,,"lIl'h bn'adl. IJ) 11 dall', not It.',... .hun )0 du)~ from the d.~tt' the notil'e is mailed to
<br />Burrower. h~' \\hkh su(h brcach must he (tired; ..lI1d 1.4) that f"ilure to ntn' 'Ill'll breach nn ur befort.' the date spl"c,.'ified
<br />in the noticl' mal result in 3i.Tl'kration df the ..urn, \C"l'ured h) Ihi, lll'l"d of .1 ru"t and ~alc of the Prupert}. The notice
<br />~baU further inlorm Borruwer of thc ri~ht tu rein..taH:' afll'f .t;.'i..di.'rallOU ~II(J the ri~ht to bring a l'ourl ac.ion to assert
<br />the nOlH~x.islence of a default or an} other dt'fensc of Horro"cr to al'ccJl"ration and ~all". If the breai.'h is not cured
<br />on or before the dale ~pedfied in the uotke, l.t"nder a[ Lender", oplion 1lI1l} dl'dare all uf the sum~ !'ol'olred h} this Deed
<br />of Trust to be immediah:ll due ~nd pa}abll" wilhout fmther lh'mand .Illd In".' il1\okl" thl' pO\H'r of !<oull' and an~ other remedies
<br />permitted b} applit.'able law. Ll'uder shall be clltitkd to i.:ulll'd :Ill u.....uuablc i..o..b and ("xlh'uses inolfred in pursuing Ihe
<br />remedies prO\;jded in this paragr1tph I H, irH.'ludin~, but nut limilcd 10. n'asOfU1blt' aHorne.' 's fees.
<br />If the power of !<laic is il1\-oked. Tru!<Ih:-e shall n:,:nrd a nuti..:c of dd"auh in (';teh i..ounl} in \\-hkh the llropert) or some
<br />part there-of is located nnd shall mail t."opil's of 'Udl nOlicl' ill lhl' manlH.'c prc,nibed b.' applicable law 10 Dorru\\'er and tt) the
<br />other persons presuibed b)' applicable 1:1\\. After tht' lap-M' of 'oIH'h tilll\.. a.. ma) be H"luired by al)plirahll' hm, Trustee shall
<br />t:.il'e public notice of sale to the person.. .tIld in Ihe m~lIuu.'r pH,..t.'ribt.'d h.\ applkuhk la\\, Trustee" without demand on
<br />Borrower, shall sell the Propert)' al publit.- audiHI1 In the hlJ,:lll'."1 biddl'C 011 Ihc time and pial''' and under Ihe tl'rms desiJ;tunted
<br />in the notice of sale in one Uf more parcels and in ,1Ich urder a.. 'lrn","'c ma.\ Ilctuminc. fru~tl'l' ms) postpOUl' !'osle of all
<br />or an) parcel of the Propt:.rtl b)' public 8llnonm'emcut al lht' limC" and pla':l' lIf ~m.' pn..'\ itlush ..dh."duled ..nil'. 1 ender or
<br />Lender's designee mB)' purchase the Propert) at all) sale.
<br />Upon receipt of payment of the prke bid, Trus.ee shall delher to the purl'haser TrusH.~I'\ dl'i'd l'n~IH.ying the Propert)
<br />sold. The recitals in Ihe Trustee's deed shall be prima facie (",.iden"'l' of the truth of the ,latelUenh mad,. Iht'rdn, TrustN'
<br />shall apply the proceeds of the sale- in .he follo'\ip."g order: (a) tu uU reasonable ".osts and t:"\.pcn."'h of the ,..nil', including, hut
<br />not limited to, Trustee's fees of not more than 1 / L 0 fIco., uf the ~ros.., ~all" price. rl"a~onublc nllufIlc)', f('e~ anti l'OSls of
<br />.ide evident'e; (b) to all sums secured bl this Deed of TtlL..t; and (c) the l"\.l'CS~l if an), to thl' l)cr,ol1 or pl'fsons ICKUU) elllhled
<br />thereto.
<br />19" Borro"':fc'S Ri~ht lu Rdn~lat('. ....."l\\Jth"'.lfIJltl~ I l.ndl'! .. .,t lh~. ,>',in1'.
<br />BOrrl)W~r ..hall ha,d: the righl tll ha\1,: ,ltl~' pr')~t'\'dHl);" nl'!,:d\1 \1\ l'LlJC[1.' ';If,'1~t. H;i~ ,'I
<br />any time pfJO( In the l'aril",'r to '\;......111' ~,j (II the fifth d,n be!.'r.: tht.' ";I!~ \,f the Ph'i),,'ll\ )'il!'lU,llll [<.' dK
<br />ill this Dl..'\'d l)fTllhl \I[ (!r_, l'l\tl)' ~,t;t judgml'fll L"nfp/'I-lng lhl" tknJ I,l 'llthl If LIllh'liP',',:! f'~t\" I
<br />lx' thl'tl due lltldt.:r thl... Ikl'd pf 111I"!_ thl' S..,tl.: ;;nd 11,'1(.',> ""''--Hfill); Flllurl' 'hh,II~~<.. j~ ,li hold 1:,'
<br />th) BOfl\\\..U lure.. ,lit hrl',l..h~',.. ,1/ ,lll\' "ther ,'1 _I~j""l'nk.'ii <'! H\)(h\\
<br />{;,;j n\if'I'Y,~l:r rl.:,I\lHI,ihk ~ l,,'lll.ki 'In!.i f l,:.l~', ~I' I Ilh'~, ill~~ :1:\
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