|
<br />r
<br />
<br />L
<br />
<br />84-
<br />
<br />0049~O
<br />
<br />9. Condemnation. The proceeds. of any award or claim for damages. direct or consequential. in connecfion with any
<br />condemnation or other taking of the Property, or part thereof. or for conveyance in lieu of condemnation, are hereby ",.igned
<br />and .hall be paid to Lender.
<br />In the event of a total taking of the Property, the proceed. shall be applied to the sum.. secured by this Deed ,)f Trust,
<br />with the exces.. if any. paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwi.e agree in writing, there shall be applied 10 the sums secured by this Deed of Trust such proportion of the proceeds
<br />a. i. equal to that proportion which the amount of the .lIm. secured by this Deed of Trust immediately prior to the da!~ of
<br />'aking bears to tbe fair market value of the Property immediately prior to the date of laking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or ir, after notice by Lender to Borrower that the condemnor offers to make
<br />.n award or settle a claim for damages, Borrower lail. to respond to Lender within 30 day. after the date such notice i.
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair oftbe
<br />Property or to the sums secured by this Deed 01 Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any .uch application of proceeds to principal shall not extend
<br />or postpone the due dale of the monthly mstallments referred '0 in paragraph. I and 2 hereof or change the amount of
<br />l.;uch instaUments_
<br />10, Ilorrown Not RdeMed. Extension of the time for payment or modification of amortization of the sums secured
<br />hy this Deed of Trust granted hy Lender to any successor in interest of Borrower shaH not operate to relcascy in any manner,
<br />the liability of the original Borrower and Borrower's .uccessors in interest, Lender shall not be required to commence
<br />proceedings against such mee....,r or reI use to extend time for payment or otherwise mndify amortization of the sum.
<br />,ecured by this Deed "I Trust by reason of any demand made by the original Borrower and Borrower's SUCcessot'll in interest,
<br />11. Forl>eanooce by Le..... Not .. W=I..er. Any forbearance by Lender in exercising any right or remedy hereund<or, or
<br />,'rherwise afforded by applicable law. shall rot he a waiver of or preclude the exercise of any suclt right or remedy,
<br />rhe procurement of insurance or the payment of taxes or other liem or charges by Li>nder shall not be a waiver of Lender's
<br />fight to acceler.te the matunty of the indebtednes.s ,ccured by ,his Deed of Trust.
<br />I:z. Remedies CUlDuhIti..e. All remedies provided in this Deed of Trust are distinct and cumulative to any other right
<br />or femedy under this Deed of Trust or atIorded bv law Of equity, and may be exercised concurrently, independently or
<br />",ucceuivelv .
<br />13, SUff......... and Asslg.... Bound; J4lint and Several LIability; C..ptlons, The covenants and agreements herein
<br />contained sball bind. and the right!; hereunder ,hallmure '0, the ,,-'Spect,ve successors and assigns of Lender and Borrower,
<br />sub"",t to t"" provisions of paragrapb 17 hereot All covenanlS and agreements of Borrower shall he joint and several.
<br />The captions and headings of the paragr.phs of 'hi. Deed or T ru,t are lor convenience only and are not to be used to
<br />Interpret or define the provi;liotons hereof
<br />14. Notk_e. Excepf for any notice reqUired under appIH:a~_I~ law to he given in another manner. (a) any notice- to
<br />Borrower provided for in this Deed 01 Trust shall be glYen by ma,jmg such .. ,ice by certified mail addressed to Borrower at
<br />the Property ....ddress or at such other 3ddT~ as Borrower r.l:::iY d~,,,c).~!. _',,: notice to J ,--.lder as provided herein. and
<br />, h) any notice 10 Lender shall he given by certified mail. return lee "'eq""'SWd. to Li>naer's address stated hemn or 10
<br />'iuch other address as Lender may datgnate by noti.;:>e lO Borrower Q~ provided herein. Any notice provicicd- for in' this
<br />need 01 Trust ,ball be deemed to have been given to Borrower or Lender when given in the manner designalCll. herein.
<br />IS, Onito"" Deed of T..-, (;oumlog 1._; Sevenblllty, Thi, form 01 deed of trust combines uniform covenant. for
<br />nntjonaJ U5C and non.uniform covenants with limited vanations by jurisdiction 10 constitute a uniform security instrumcot
<br />wvering real propeny Thi, Deed of Trust .h.1I he governed hy the law of the lurisdiclion in which tbe Property i. located,
<br />In the event that any p-r(wJ~m!1 or clause uf thrs. Deed of Trust or the No-te conflj-cts with applicable Jaw. such conflict shall
<br />not affect otber provi.iom of this Deed of Tnm Of the Note which can he given effect without the conllieting provision,
<br />"od to thl> eO<lthe provisions 01 the Deed of'TiUIl and ,he Note are declared '0 be severable,
<br />16, Botro..u's Cepy. Borrower.JWlllloe lurrushed a conformed copy 01 the Note and of this Deed of Trust atlhe time
<br />,-~t exeeuUon or after reeordatiOn--,het't!ofi-' ~;i -~~' -;"-.-.-; "" ;
<br />17, T.......,,,, oft1ii'~ J\~;"lh.ll '" any part o( the Property or an imeTest therein i. sold or tran.fetred
<br />by fk'Jrrnwer without i.ende-r'';i pno( written co-n~tH, (."dudlO~ {a) the creation oi a Hen or encumbrance subordinate to
<br />this Deeu nf Ttw-l. {h) the crealion of a purcha:K mnnel' ~e'('~ul'HY mteresr for househoJd appliances. (c) !. transfer by d~vi~.
<br />descent or My operation nf law upon the: death of a IOUll len-anf or ! d J the gram of anyleaseboid interest of three }'ean or less
<br />nut cO-nuunmg an optIOn hJ purchuc, j cndcr rna)', &t ! _cnder's option, dec:hl.re aU the l-ums secured b)' this Deed of Trust to be
<br />tmmcdiately due- and payahle, l..cn<kr '$.oaU have ",Ulveo such option to accelerate if. prior to the sale or transfer~ l.ende.r
<br />..nti Ihe penon to whom the Propeny IS- i-o t)e ~H.)ld vr tmo3:fcrr-ed reach agreement In wrifing thz! the ncdit -of such person
<br />\\ ~atrs,fa-cw'r)' fO Lender J.oo I,hat the HUe-rest p:lyablc (If) the ..um~ ,<.-ccure-d by this Deed of Trust shaH be. at such rate as
<br />I_ender ~haH r~ucst. if LA:'oder h.a.!. w.uveU tne opw.m f(1 ;j{."(.'eier.u"C provided in this pan:lgtapO i 7, aud if 3vJJ{jwer's 1iucccssor
<br />'H mterest has executed a wntten assumptlon agrec-mcm a':l:cpteu ill writmg by Lender. Lender shaH release Bo-rro\\-'l::r from
<br />;iH obligations under tht-s IJreeti 01 hm-t ~tt-d the .Nt."tc,
<br />if Lender t'":t.e-rCt~ iuch option li~ a.C(:Cfe-fate, (ender s.hall mall Borrower nOHce uf ac.celecatjon in accordance with
<br />paragraph 14 hereoL Such notH,-e ~haH pru'i1Je it pcrK)(j i",1t !lol feS!'- than 30 days from the date the notice is mailed witbJn
<br />Whli..:h BOf"fower may ~y the- i>um:s JCl,.:lar'iX.f due_ If 8-nft'(w.~r f;,lIh;. fo rw" ..uch !ly:(tlS pr~Qr t() !he ex_piration of such pedoo.
<br />Lender may, \o\'llhoUl Iurther rH}h~ or demand on Borrower. H1\ioke ltflY remedIes penmUed hy paragraph JS here-Of.
<br />~ON.U"iIH)kM COYcSAI"OIS nllf(t:~wer and Lender lunher cuvenant und agree as follows;
<br />19. .\cc~_ion; R....edies, E".pt II!> pro,'io:lod In P'''1IIlInp!t 17 h~"",f, ..pon Borro...er's breach or any coveo....t OJ'
<br />-it1trt'~-mrnt (Jf Bu-rroWf'f in .hi\. ilffd of l"rm.t, indttdtRg the (:u\'~naRtI to pa)' wne-o du-e any .filUm ~'ecured by this Oted.
<br />Ht' TruM. Lender prinf to M,("cde-ration :!ohaU mail nuu('t' 10 B-ono","er as pro\-idtld in plragraph ]4 here-of 5pecify1n<<: (l) thr
<br />h~K:h;: (1) iilt- lI\(.'tiun required to \'Uf4t !loudt hnotlch;: IJ_, a datt'. not Ie>> .han 30 daY" from the dat~ .he notice is mailed fo
<br />Buno'ft'er. by ~bkb M<<"h breitds muM tH- lured; and (4) that failure- to ('ute ~uth breach on or before lhe date specified
<br />in ltw- nutke ma) ff''!oUU in ioK't.<t-leratton of tbe ~urm M't.:ured by Ihi:!. f)ttd of Truit and sale of the' Property. Tbe notice
<br />..;.haU furtbet tufonn Bonu..er of the right ht rein-513ft" after !i-cH"lel.Uon Mnd the right to bring a court action to a'.iSert
<br />th(' .mn~e),isteltt:t.! of a default 0-1 an)' (lthe, de-f~n~ of Bono",er to an~ierat.ioa ilnd ule. If the bnach is not -cured
<br />un Qf heron: 1M dat~ s.pe<:ified in tbe notk~~ Le-ooe-t at i,('oder'!!. opt.on 01." dedare aU of the sum..~ ~ured by this f)et'd
<br />uf Trust 10 be irnawdial-t!)' dur llnd payable ~ithoul further demand and may tnl-'oke the power of sale and any other rt"lne-dies
<br />pel'oliued b) "9pti<:abIe I..", I...ulkr .hall .... <lltltled 10 ,'oIl<<'t "'I re....'nabl~ "OSb and "pe_ Inc"fTed In p.....uio~ th.
<br />re-1lhl'01n pru-...-tded in thl:i p+aOtf'rapfl IS. indudioJt1 but not limited to, ft':HSOUb1e attomefs fffS.
<br />If tiw pn~~_r of sale is hnok-ed. -rru.~e-t> ~ban rttord a "oriel' of dt"faul1 in eat'h ("ounty in which the I)Topert) (H ~omt."
<br />pan IkeffiJof ('" hx:.re-d And shall mail c~ ul ~ueh notic-t' in the In:lnht'f pn~,.anted b,. applk:able 'S,", to Borrower and to dtt
<br />H-~!te! ~.Me V-~~-~ by appli~.we i..... Aher 1M lapw:- of Joolu'b time a.i. may be required by M:pplicabl~ law. TrU.!I,ee shan
<br />~ilo't:' publk nutK"\' of ~k to the- pe~ .and in the maHurr pl"'t'M'titted b) applicable- law. Truste-e, ,,\'itlumt denutnd on
<br />Bot'rowt:r~ ~.U se-U tM rro~r1) till puWk 3lM:iiun to {fit' hig~M bidder at fhe. time and phu.~ and undt'r the H~nns dt'siinlltt'u
<br />ill lhe notic-.e of ~ in uUt' -0-1' mort: pan.'~h >>00 in \uch uicHor 3\ Trm.tee ma)' dele-rOlloe-. Truste(" mil} ~tpom,' ~iI.e uf .aU
<br />().f llft, jlIlu'd uf thr- P~ny b) public ilnmwftCem~nt at ~hr time and place of art)' vre'Vw~ly sdu_-6-ultod s31~. Lender Of
<br />1 ..,..j~r', de!liall<<' ....y puc~m..., lbe Pn>p<<ty .., any sak.
<br />t 'pun r'\."'{"C1pl lJf ~J'fIl('ut of the pJ'k"t" hid.. rruMff ~iUlii <h:1i'\'\'r to the pun:hal!it'f rru.'iU."t' '.., dt~ed t'OnH'~-~ rht' P'roJk't")
<br />..oid. r__ r<<i.lJah 1n tbe- Trwqe4!"l!i. dt.'l'd s.haU Ix- prim.. hR".k t'Hdt"'k.~ Hf the truth of tbt, ,-tOtlt"nk'nl~ matk th~n.'ln, fru.'Jih..'t"
<br />~ ~J i~ pToc<<.4\- of tM ~ Ul th<<, r."lk..ltllt orUt-r; i.it tH (dt r-t:'.tfw'Uiblt' t:(N,~ and npCn..~1lo of Ult; !>au... iocludinK. hut
<br />~ l.HakC'd to, rl"'Wd<<-"~_ fffs of nul O\l(.rt' tnlUl 'J uf F-~ of tht' ~n~-"t .~lt> pri("t:'. ft"a!"iIJuuhit' attornt'Y" It"COi and t,'~.\ of ttHt, t'\"t.denc"~
<br />,ht tvdl wm.'!lolM"('W't"d h-v UU--'\ l~ u1 rnuJ~ and l~'! ,he t'u't""'. lfitu:\'. hi- the vef~on i.l'f p~,'r:l!oHn~kR"U~ cnlitJcd UWfClU.
<br />19. 8m't6tNf:f'., ltiebt tu RdSbialt. -'l-nro\-ltt!li-landm~ j _~'ndt:::r-" ,~\.-...t'it~I,-illpr~ ,;/ !tl~: '_<in)" '.\.'q;ft.::d b\ ttH-, fk~'d llf 1
<br />Iionnw-er ,.Jl-llH ha.;,:e th~ fight w h,~vc dW;- {'ra,,-e(:dm~~ h{'~\!n hi, 1 {"h.kI i,' {'flL.'fC~' lhl\ f)et~J n! --I ,"u__\ J;;",,;mHHHH:\-l _"
<br />--m)i bit'W:. pnnr !q '_ht.' (:;,Uhl..'f to Pi.:t.tif ..f {I" lh~ ntth \Ln r-l':'fi)H~ \ht:: '.<tk ,Ii the Pf'...~_'ot:-f1\' pue"uoJf)l I'.) Ihl~ t,,-Yi.,Cf d "-,lIe ....\'!)I,UHl.'.j
<br />lftJ\ f,)c'il~..i ni 1 fU""f iX ~in enH') of ~ j\ldgmt:'nt ~'i\l,n'~ iil~ \hh tlc-tld (}f f 1 tn~ d HO(H.I\oI.-t.'r p,n\. { l.'~ukf ;111 \,Jm.... Whl~ b .'.-quid
<br />~j ~~~'~ li:'::f;_;.'n\~~:~~:h~~;C~~~~_;:~,:- t ~~;t '~::~~ ,~:~~~ '~t:~':f;;~; ,'t\~~ ~:~..~-U:iJ;~t~~~~;-:;:' --\d\j;:l~l!\~~ ::;; ':_~(:~il~ll:';~~;_r"\';'~~i~j~"~('fr<~:~:~' : :~'~
<br /> \;r! !,.~'::
<br />
<br />ikUf~"""l,1."-i paltl all IO,,_)in',j ! (,h"k~! ,,,nd !T\l",n; ,"j l'nf';f\..,n,,' 'h.... ~('-,~'tl,tllf." and :ltt!tTHH-Ph d
<br />,...ntFHH~.J HI <"l~\<;jUi\g L-t.'fll:kr.. ,~;;,J j r,_t~l1.'~'" ,,"tlh:d,c\ .,'>_ pr,n;,kd H; 1,,'f;'~J"q;.'i'
<br />'''If:_f1'_~d. t11~-ifJ,~!n&, ('\~i ,c"f "'H"'it\t"< " ff-''C''. ;~qd 1.-5-, Mntr;:,>\+('f' :...~C" ih:t:,,:\ ;~:, 1 c~~,,-k! {\1<!,\ l\'_~'.'" "i',:,>
<br />"i.r~J~t\. ~" a;..",\.ff !h~l ~tl-~C lO! f 1'\-\1 ! ~<nf.k'!'" "l;~'n~,.j r-r\~f'--:'n';, l(;..l B.,n"'''t.,., "1-.1i~~,l!H'j.
<br />
|