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<br />84 --004418
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<br />by this Deed or Trust immediately prior to the date of taking bears to the rair market value of the Property immediately prior to the date or
<br />taking, with the balance of the pr<Y'-e<>...as 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 or settle a
<br />claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is mailed, Lender is authorized to collect'~
<br />apply the proceeds, at Lender's option, either to restoration or repair of the Property or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or-:i>Ostpone,.th~;-due
<br />date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments~, __, __ _" :,':.:.._ ': ";,.-'> _.;
<br />10, Borrower Nol Released. Extension of the time for payment or modification 01 amortization or the sums secured bYlhis~OfTf1JSt
<br />granted by Lender to any successor in interest of Borrower shall not operate to release; in any m~er. the liability of,th,e OriginaJ:',Bc:J~o_'l1!~:',~~
<br />Borrower's suc-eessors in interest. Lender shall not be :-equired to commence proceedings against s_uch- successo(~r: ref~-:,t~_-~t~_J~e"-~~~' '
<br />payment or otherwise modiry amortization or the sums secured by this Deed of Trust by reason or any demand made by the:origin8J'il<:lrrjiWe\'
<br />and Borrower's successors in interest. _ _ _' '_, ' _ '_ :'_ _::.:;,__,' _,:-,,:,,;:_~_,
<br />11. Forbearance by Lender Not a WaJver. Any forbearance by. Lender in exercising any right or remedY,be~euIlder~, or ()therwise: ~~~~'\';;-
<br />by applicable law. shall not be a waiver of or preclude the exercise of any such right or remedy. The procuremet~t_of ins~ce_~r-tI1e ~-~;n~:~~;,_:,_ _
<br />taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtecll1ess'~ur~-J;J~-'~ ~
<br />Deed or Trust. . ., ...0
<br />12. Remedies Cumulative. All remedies provided in this Deed of Trust are distinct and cumulative to any oth~r right oi-:remedr ~ef"~>
<br />Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively. _, _ ___' __ _ ',_ _ ,__','-:-:' __:' ~ ::;,,_,_:,o:c~
<br />13, Successors and Assigos Bound; Joinl and Several UabWty; Caplloos. The covenants and agreemenlsherein conta,in.,.j s~~~'.'''.'1'':'
<br />the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject to the_provisi.ons?~ ~~~-~,.,~I
<br />hereof. All covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs ofthis~~,~:o.f.~l
<br />are for convenience only and are not to be used to interpret or define the provisions hereof. _ _ _ ,,,-.:- , _. _. '__,,'
<br />14. Notice. Except for any notice required under applicable law to be given in an.other manner, (a) any notice to Borro'fler:pro~,de(l~(~:,
<br />this Deed of Trust shall be given by mailing such notice by certified mail addressed to Bo: )wer at the Property Address_or at su~h o~,er _ad~_~
<br />as Borrower may designate by notice to Lender as provided herein. and (b) any >')Nice t~ '~r.nder shall be given by certified,~ail;_~c:~-_-rFpt
<br />requested, to Lender's address stated herein or to such o..:ler adtire::;s as Lender, J designate by notice to Borrower as provided her:eill!~ ,An_y
<br />notice provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner deSigi1~ted h~eii1,~
<br />15. Uniform Deed of Trust; Governing Law; SeverabiUty. This form of deed of trust combines uniform covenants for national use__and'
<br />non-uniform covenants with limited variations by jurisdiction [0 constitute a uniform security instrument-covering realproperty_~ This~:'of
<br />Trust shall be governed by the law of the jurisdiction in which the Property is located. In the event that any provision or clause ofthis_-Deed--of
<br />Trust or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Deed of Trust or the Note which can be
<br />given effect without the conflicting provision. and to this end the provisions of the Deed of Trust and the Note are declared to be seVerable~-
<br />16. Borrower's COP)'. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust at the time of execution or
<br />after recordation hereof.
<br />17. Transfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred by BOrrower
<br />without Lender's prior written consent. excluding tal the creation of a lien or encumbrance subordinate to this Deed of Trust, (b) the creation of
<br />a purchase money security interest for household appliances, (c) a transfer by devise, descent or by operation of law upon the death of a joint
<br />tenant or {d) lht' gram of any leasehold interest of three years or less not containing an option to purchase, Lender may, at Lender's option.
<br />declare aU the sums _'itx:ured by this Deed of Trust to be immediately due and payable. Lender shall have waived such option to accelerate,if.
<br />prior to i.he sale or transfer. Lender and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of
<br />such person is satisfactory to Lender and that the interest payable on the sums secured by this Deed of Trust shall be at such rate as Lender shall
<br />requesl. If Lender has wah-'ed the option to accelerate provided in this paragraph 17. and if Borrower's successor in interest has executed a
<br />written assumption agreement accepted in writing by lender. Lender shall release Borrower from aU obligations under this Deed of Trust and
<br />[he Note.
<br />If Lender exerl.'iscs sm:h option 10 accelerate, lender shaH mail Borrower notice of a(."Celeration in accordance with paragraph 14 hereof.
<br />Such nOlice shaH provide a period of nO( less than 30 days from the date the notice is mailed within which Borrower may pay the sums declared
<br />due, If Borrower fails to pay such :>um~ prior to the expiration of such period, Lender may, without further notice or demand on Borrower.
<br />invoke any remed.ies permi[h:d by paragraph 18 hereoL
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<br />NON-UNlFORM COVENANTS. Borrower and l~ender further 1.:O\'enant and agree as follows:
<br />18, Accel<.ratloo; Remedies, E.xcepl as pro.lded in paragraph 17 he"",', upon Borrower's breach of any co.enanl or ..._nl of
<br />Borrower in lhis Deed 01 Trusl. IncludlnK Ibe co.enants 10 pay when due any SUIDll secured by Ihis Deed ~f Trusl, Lender prior 10 accelenllon
<br />shall moli nollee 10 Borrower as pr...ided In paragrapb 14 he"",f specifying; (1) Ihe breacb; (2) Ihe acllon required 10 cure .ucb breach; (3) a
<br />dale, nolless than 30 days lrom Ihe dole 01 nolke Is mailed 10 Borrower. by wblcb such breacb mosl be cured; and (4) Ihal follure 10 cure sucb
<br />breacb on or before lbe dale specified in lb. nollee may resuit in accelerallon of Ihe sums se<:ured by this Deed of Trusl and sale of the Property.
<br />The notice shall further imono Borrower of tbe rigbt to reinstate after tl;c..~It'ratloo and tbe rigbt to brina . coort action to assert the nODw
<br />~xistencr of . default or .an)' otber defense of Borrower to a<<eleratioD and sale. If lMo breach is Dot cured on or before the date specified in the
<br />...IIee, Lender al Lender's oplloo IDa). deciare all ollbe .UIDll se<:ured by Ibis Deed of Trust 10 be Immedialely due and payable w1tboullurtber
<br />MOland ud may iO\luke Ute power of sale and au)' other remtdies p.ermittf'd by applicable law. Lender shall be entitled 10 colted all nasonable
<br />COSts and rx.peoses llKUlTtd in pursuiog the remedies pro\'ided in this paragrapb 18,lncluding, but not llmittd to. reasonable attorney's fftS.
<br />If tlw power of 5ak is iovoktd. Trustf'e sbaU record I notice- or default in neb county in whh:h the Property or some part thereof 15 located
<br />and shaD mail copin of sucb now..-e in the- manner prescrlbt-d b) appU...able I.~' to Borrower and 10 (;'e other pUS-ODS presertbed by applicable
<br />law. Afttr tlk lapse of sucb time as may be required b)' applicable law. Trustet shall ghr public 000<<- or ute to the persons and in the mannu
<br />prescribed b)' applicable law. Trustee. whhout demand on Borro""tr. ~ha11 sell the Property Il pUblic auction to Ihe highest bidder at the- time
<br />and place and uBdu tbe It:rms desian.l~ in tht notla- of sale in one or more par-cels and in sucb order aLii Truslft' mal' determine. Trust"' mal
<br />postpone we of aU or aD); par<<l of lhe- Propen) by public anDounce-menl >>. the lime Mod place of an,)' prnloush $Cheduled ....ll". tender or
<br />1.t'llder's desilDft ma" purchase tbe Property at aD) salf'.
<br />Upon ~utpl of pa)'meDt of 1M price bid. 'lm.'litt't ,b.U delher to 'he pUfcbtL"iC't -rrust<<', dted ('UP\'f)'tng the Pro~rt) 5old. The redtMls in
<br />rae l'ru5tft'" dud !lhaU hC' prim. r~ie t"'vickncC' of tbe tNth of tbe slattllW:nts made' thtreln. frwttt' sh-.ll ..ppl) Ih... prOt...~ of tht' ult" ill lhe
<br />folktwjlll on1u: hI) to.U ~ason.bk CUll!, and t'xpt!'uus of Ih, !fllle. ilK,ludi"ll. hUI QollhnHr.d 10. [rusln-'s f~ of nor mort lhan It'\)
<br />of I~ a,rou uk prh:t. f'9~()n.ble anume-) 's refll aod \'usb or lillt: ."icknn'; (bl to 1111 sum... !O<<urNl b~ (hi'! l~ of hu.sl; llnd {f. Ih\" Ui.'t"!rt.."'. if
<br />lln,". fo the pt"n.on or ~BUID l~.tly roritlt'd rbl'ft'ht.
<br />n.. Rorrowtr', Ria". to Rtiolilatt, ~~lt\Llth~tilndlHi:- t fmkl" .h.:,-cktd.II~\:l \\1 the \\.lUh ,>n.. ~l!cd h dll\ Lh.',~d III \1 (l.,l, H,\llln\n ,I\,\.ll tht\,
<br />t~~-c tt~h'; In fl<ht'" ao\ P!O\.'t.t"'{hn;t~ t>-t"j(un t~'I- t cuu-er t"nln,!u: lhh ll1;,'--t;,J lIt riUS; d,,,,-',,nOllH-:,'d ,~, .un lime prtt'f (,' dw r,U;Ii.'f I" ,1,~',JJ UllJ~
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