|
<br />r
<br />
<br />84 __ 004808
<br />
<br />r
<br />
<br />by this Deed of TrUllt immediately prior to the date of taking bears to the fair market value of the Property immediately prior to the date of
<br />laking. with the balance of the proceeds paid to Borrower.
<br />If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower lhat the condemnor offers to make an aWlli'd or settle a
<br />olaim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is mailed, Lender is authorized to collect and
<br />apply the proceed>;. at Lender', option. either to restoration or repair of the Property or to the sums secured by this Deed of Trust.
<br />Unless I..cndcr and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend or postpone the due
<br />dale of the monthly installments referred to in paragraphs I and 2 hereof or chenge the amount of such :nstaibnents,
<br />10, Ilorrowor Not ReIaMd, Extension of the time for payment or modification of amortJzation of the sutlISsccured by this Deed of Trust
<br />granted by Lender to any successor in interest of Borrower shall not operate to release. in any manner. the liability of the orl@inalBOrrowerand
<br />Borrower', SU(:ce5$OI'S in interest. Lenckr .hail not be required to commence proceedinp apinst such s__ or refuse to exreadtime'for
<br />payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by tile orlgiJIaIBorrower
<br />and Borrower'. .U<CeS$OfS in interest,
<br />11, F~ by Leoftt Not a W....." Any forbearance by Lender in exercising any right or remedy hereunder. orothClrwise afforded
<br />by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy, The pr_t of illSurlU1Ilew tIle1lllYlllenU)f
<br />laxes or other liens or charges by Lender .hallllOt be a waiver of Lender's right to accelerate the maturity of tile illtW~ BeeurecUI;Y this
<br />Deed or Trust_
<br />11. RaaedIo.I c..lIl....ti".. All remedies provided in this Deed of Trust are diJltinct and "urnulative to any other rigbt orremedy,uncIe'r ,this
<br />Deed of Trust or afforded hy law or equity. and may beeaer<:ise<lconculTflltly, independent/yor .u.;eessiveIy. ,_ _ _ _- _, _ _- ____.-;---
<br />U. s-.. """ AIoIaM ....""; Joles..... s..-at UabIIHy; CaptIoes. 'The cov_1$ and a;r=tent:a heftiacontaiJllllhDfl'bI11d,4l,nd
<br />tbe right, hereunder ,hall inure to, the r~peetive .ru=:ssors and auil!Jl$ of Lender and Borrower. subject to the provi5iOas~f~.ll
<br />hereof, ,A,Jj envenants and &gI'eemenlS of BorroWff shall be joint and sev-eral, 'The captions and headlnp of the paraatapbsof tlUs~,(lf,TtIIIt;
<br />are for convenience only and are not to be used '" interpret or def_the provisions hereof.
<br />I., NOlb, Except for any notice required under appljcable law to be Biven in ,_her lllIIIlDCt. (a) any nodcno; BorrowerPl'O;vItICd:~or.IJi,'
<br />Ibis Deed or Tru.t shall be given by mJlilingsuctt notice by certiFIed mail ",ddre~ to " T<>wet' "' the Property AddreaoratJ!ldl,atlla-'~~f";
<br />as Borrower may de<igoau by notice to L<nder .. PO'(lY.ded herein, and It>} "ooC!'; to I..en<..lr >IlW1 be ai_ by.cm:IfiecI snail.. ret1lfll!~_~
<br />rcquesle<l. t<> Lender's addt_ s"ned _'" Of to such other a<ldra... Lenokr may delipte by notia: to Borrower.. pnMded~'~'
<br />notice prOvided for in ,his Deed of Tn..t shall be deemed to have been given 10 llorrower or Lender wlum BIven in tIle_t1esilllaIClUli:~~n.~'::
<br />IS, Uaiform Dnd Ilf Trwt1 Go\'ft'ldac ......;~. 'This rorm of deed of trustrombincs ulliformcov__for~~.. '
<br />non-uniform covcnanto with iimited variat,ons by Junsdktion to con.sun!lC a uniform security ill5trumel1t coYering real properiY-lllid~Cr(lf .
<br />Trust shall be governed by the law of the jurisdiction in which the Property i.located, In the event that any provisiooordll_ofthltllell!tOf
<br />Trus1 'or tbe Note wnfljm with applicable law. such wonkt .hall not affect other provisiott.t of this Deed ofTruat or t!te~l!I'llIclt~..t~,
<br />given effl'ct without the mnllietiog provision. and to thi> end the prOVIsions of the Deed of Trust and the Note are declared to /:leseverftle.
<br />16. Borrt>wer's CAp}'. Bom'wo" ,hall be rurnished . conformed copy of tbe Note and of this Deed of Tru.tt at lbetimeofexecution-or
<br />.ner ,""ordlllion hereof,
<br />17. T....f... of tile l'rOjlettJt ~. If all Of lIllY P<iTt of lhe Property Of an interest therein i. sold or tnmafmcd by BOuoww
<br />""nout Lend","', prior wriUel! <onsenl, ..cludmg (al ,11~ creation "f alien or encumbrance subordinate to this Deed of Trust, (b)tbectellliMof
<br />"p"1'<'h""" motley security .nterest for h"",.ehoW appliJlnce<. (e) . tramfer by devise. dcocenl or by operation of law upon the tlcathofajoint
<br />!C1\3.m or to) ~he- grant of an}' leasehoid imer<<t of lh.rec yearl -or .iCS5 not (-ont-ainina an option to pun.'1uue" Lender may,. at LendCtJ.. Option,
<br />oo..'lare ..H ,rn, 'WTl-\ '''''ured by'.". De<<! oe T,u.. to be .."mediatdr due and payable, Lender.haIl have wal.ed .uch optioltto a<<derate If.
<br />PI''''' to ,he ,llle"r ,r""sfer, L~ndef and trn,l'Cfl<)fl to ",hom the Property IS 10 be sold or ~ra...ferred r*hqreement in 'Wt'itlnathattlle~ot-
<br />,ueh person" .ati,f",'lofy to Lemler and tha, the intern! payable on the ,urns scoored by this Deed of Trust shall be aUuch !aleuLendc:r.w
<br />'<Qllelit. If Lender nM WllJved ,be opri"" :0 "",'eit:rate provid<<! in lhis paragraph 17. lilld. if Borrowor'. .~inint_lIaulll~.a
<br />wrillen "",,,.mlllion ltgr"""",,,, ."''ePlcU in "'!tutg 0)' Lendet, Leruler .ball relea", Borrower from all obliptiOllllu.ndertbis Deed of TlIlllt*
<br />the Note_
<br />t f t.end..- ".",,',""" ,uch O!,>lIon t\) aoc'eierat.. Lender ..hall mail Borrow..- notice of a=1eratlon in &c<:ordancc with PlItlIllf8phl4 ~"
<br />Such .lOt"'" >lUll, pro~i<lc a pe1"od of not I"" lhan JO day. from tbe date tbe nOli<.... is mailed within whieh Bor:tower may pay tile ._declared
<br />J..." If Borrow,,", fail> to pay,,,,," ,um' prior to the eapiflllk'll of such period, Lender may. without further notice or demand on Borrower.
<br />invoke any rettled.'e5 1"'''''''HcU by p4ilfagraph 18 hereof,
<br />
<br />---r
<br />
<br />tz
<br />*:
<br />
<br />~~-'
<br />
<br />j~
<br />"~~:
<br />-'fic
<br />
<br />,'I""
<br />'1,::-,
<br />
<br />~
<br />","
<br />iN
<br />
<br />~R:
<br />,,,,~
<br />?
<br />
<br /><~]
<br />
<br />~'-,
<br />
<br />NON.UNIFOll.M CQVE."'ANTS, Borrow", and Lender (llrther eO'''''iU1t and agr""... follows;
<br />13. A<<denolioc; ~ Eutpt IS p....1iIed iI. IJU1IlInIIliI 17 henof, _ Borroww'. lInMIl. of qy.~ or ..........M
<br />......... ia tlIill DoeoI of Trut. iadoldllot tao ""_10"" ...... dIM.., _l!IIC1Incl -, _DeeIlof 1'nlII.l.aliJer..-..'. !u,,"ado1.
<br />slooIll 0I0a/t IOOlke 10 8orr<>wer .. _.idod ill ............ 14 lMnof i(OOdt,..: (1) tile "'-8; m die lIdioIo ........ to euelllld..... <Jla
<br />....,.... _tllu38.,. f..- the...... of IOOticI: Is 1IIlOiIeol108orr<>wer. by wWdt lIlId lInMIl...he......:... t.ltUl f......._ndi
<br />---... or '*_IIoo......qoodfIed ill tao llOlke.., ftJIIIt ill ~ of die _ __ b, ttia Ooed.' TnoM ......of ..~.
<br />1lJt ~ .. fett!ler iaf~ ~ ef !!le ri;kt to ~ ~ ~~ == == -riFt ~c bri;:a;; ~ ~~_ tG-~" --..
<br />.u.-.. of a......t or .., ...... def_ of ........... to ~ __..., I' die brndl II .... aoM oe or '*_ dle4ale flSI!dfIed ladle
<br />........ ......... at LftcItr'. uplloa .., dedlIft all 0' tile _ _ b, t)ds 00M of Trust to be.~ ...... ,.,... widaIHat flutloer.
<br />....... -- .., Ia.....~ Iloo _ of .. ...... u, 0lIMr ........ pelIlitled b, applicable Ill",. LetMier .... be etdIliIed 10 ceMect all _lIIe
<br />~..._"",....-.d le..........1Ioe ........._IiIed.. _ ~ II.~, btolDOlllmlted 10, ~...........," ,_.
<br />If Iloo _ of .. .. ,......... T_ dalI ~ a DO(j(c. of default Ie 0Kll ....ty ill wWdt doc Property or _ paort ........, It foaled
<br />aM'" 0I0a/t ....... of .- ""*" ill tile __ ~ by ~ .... 10 .......... __ to lbe oilier _ pI'COM:riIoed It, .......ble
<br />lltw, AfIef tlloolapM of _II "- .. _, be....... -,............... T_ "'lIin,.1I/k IOOticI: of .. 10 doc _ __ III doc __
<br />~ Il; ~ law, 1'-..... ..~...... UiI ......._, t.loiUI Mil r-.. Prepori, at pdlit' ..w- io tlIe Joiaioat bilIdeI' at tile "-
<br />aM p!!oi:lo ......... tlIe _~ III tile IOOlke 01 ..Ia _ or ...... ......,..ad ill _10 onier .. T_ .., .......... ~_,
<br />~ ... of all or MY __ of tIroo~ by f"III/k "_...n_at a. tlIe tI..... ..... P*" of uy .....,.iouly JldItoIIlled... I..... or
<br />.................,..,.,... tIroo~ at *IS,...
<br />llpoa-naipt of ___of 1Ioe..... bill, T_1lMIIlleIlYv 10 llIe ,.",.... T_'....... (1)lIn,..tlM PI'OplOf1)' 00I<I. TIM rod...i.
<br />1IIa_~'.... ... IN ~ ,....~ uf tlIe I"'. of tlIe Qa_ ... IlIonie. .~.w ajtpIy tlle.-.... of die .. ill tbe
<br />f.............I.u.....--_lllIll_or tIroo....llldIodiaa.l>oIt _tIIIlImllo, I'_'t I"" of _ __ tllA/!., _..._..",
<br />of IM.-.. ..., -"lIt Mt_', f... .... ,,_ of title .........; (Ill to aSI_ -'""" by ,Idol DoeoI 01 TlWI: .... te) ,.... ._, fr
<br />..,.. Io'.~.., _1opIIy ........t___,
<br />'l-'. ~'I ...... tift ~.... Nt)twi~~r~it1l t~~.;,. 1itCi'..--.ooa.UCHJ of the !'H.lIn,. s.~ura:t: hy tOt!;. r~ \..t' n"u.s.t~ flor!-tJw(tr shall ha\it
<br />t~ 1}~1 ~~)' ~~t-3:n, f.W'<<~~ t-~Ufl b-y t-e:f\~~ Ivrn({Kf,,"lf'-thi; r~ of 'lrH~f di!4.~-(~f..il~nmxi at <tn>- Hmc pnut !\.,'1-lht" eariwf W -O('\.'tH' t)f (i) tht
<br />ntth_~y ~f~:'rf' ~ -~..}f l.~ Pn:~~ftr ~'1t1,u'uant ~i) tlw_p.JWet (.4 ~_;':{Jm.ai.nN HI thu r~ I,)! 'frUi-i-; or ~HJ iroH) Qf a .lthigtntm enfof~_m. ~hu.
<br />f~ d tn,;\~-1 jf, 1:"'1 ~){f(~~'t"-, ~~t-'i t,_~ itU ->;l.\'m-.~ wtm:h 'iliuuJd b~ H~n JU<r!- HHder- rhl~ i.lt'-f'-rl 01 rrlJ~L lh.lt N'J.it dad tlf)!C:i. _<.tXunn, l--'UfUf'I.C
<br />
|