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<br />84......, 005214
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<br />by this Deed of Trust immediately prior to the date of taking bears to the fair market value of the Property immediately prior to the date of
<br />taking, with the balance of the proceeds 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 an award or settle a
<br />claim for damages, Borrower fails to respond to Lender within 30 days after tbe date such notice is mailed, Lender is authorized to collect and
<br />apply Ihe 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 postpone the due
<br />date of the monthly ins1allments referred to in paragraphs I and 2 hereof or ch&Dge the amount of such installments,
<br />to. Bono..... Not ReIeued. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust
<br />granted by Lender to any successor in interestof Borrower shall not operate to release, in any manner, the liabilityofthe originalBol'rower and
<br />Borrower's successors in interest. Lender shall not be required to commence, pr~gs against such successor or refuse to eJrt1:t1dtimefor
<br />payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the ori8inaUlorrower
<br />and Borrower's successors in interest.
<br />n. ForbearaJIce by Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedYhereunder,orothe!'wise1lfforded
<br />by applicable law. s!>.all Dol be a waiver of or preclude the ""ercis:: of any .uch right or remedy. The pr=emen:t of ins-uratlCe or thep;;)1Ii..m;of
<br />taxes or other liens or c..I1arges by ~der shall not be a waiver of Lender.s right to accelerate 'the rr.aturity of tb.e i"ld~tedness' ~~-by,~ -
<br />Deed of Trust,
<br />11, RflIlelIles Cllmlllatlve. All rem<die> provided in this Deed of Trust are distinct and cumulative to any other right or relI1edY underthil;
<br />Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />13. Swxeuors &ad AssIps 1loaRd; JoIat aad Several UablUty; CaptIo... The covenants and agreements hereincontained~bin!i'lIJld"
<br />the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject.to the provWoos-(Jf~H:~ -
<br />hereof, All covenants and agreements of Borrower shall be joint and several, The captions and headings of the paragraphsofthi$ J)eedof'ftu$t'
<br />are for convenience only and are not to be used to interpret or define the provisions hereof, .,,:' ,,_:>_'
<br />14. Notice, Except for any notice required under applicable law to be given in another manner, (a) anY noliceto BQrrowerprovjded.!~,i!t,'
<br />this Deed of Trust sball he given by mailing sucb notice by certified mail addressed to Borrower at the Property Address or at suchother~:','
<br />as Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall he given bycertifiedmall;tetll1'D~_-
<br />requested. to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower asprovidctdhereilk~
<br />notice provided for in this Deed of Trust shall he deemed to have been given to fl<>rrower or Lender when given in themanner,~Jiet~s'
<br />15. Ualform Deed of Tnut; GoveraiJla La,,; Sevel'lllllllty, This fo"" 01 - '" <1 of trUSI comJ-ines lUIiformcovenantsforJlaIiQnat~'aJld
<br />non-uniform covenants with limited variations by jurisdiction to consd'" " urJ,,,rm sccu;;ty instrument coverinareal pr~;Tbia Deedof/
<br />Trust shall be go~emed by the law of tbe jurisdiction in which the Property is located, In the event that any provision orc1_ of thi$ 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 NlltCwbic1u:lItlbe,
<br />given eft..."! without the conOicting provision, and to this end the provisions of the Deed of Trust and the Note are declared to be~bIe,
<br />16, Borro"er's Copy, Borrower shall he furnished a conformed copy of the Note and of this Deod of Trust at the time ofellCClllkm,or
<br />after recordation hereof.
<br />17. Tramfer of Ihe Property; Assumptioa. If all or any pan of the Property or an interest therein is sold or triUlsferred byBortowa'
<br />without Lender's prior written consent, exeluding (a) the creation of a lien or encumbrance subordinate to this Deed of Trust, (b)tht! ~Qf
<br />"p~rd,= money =",I!y interest for household applian=. (c) a transfer by devise, descent or by operation of law upon-!hedllath'olajoinl.'c
<br />tenant or (d) the grant of any leasehold interest of three years or less not containing an option to purchase, Lender may, at Lendel"s ~i
<br />declare all the sums secured ~y this Deed of Trust to be ilnmediatoly due and payable, Lender shall have waived such option ,to accelerate if.
<br />prior to the sale or transfer. Lender and ,he person to whom the Property is to be sold or transferred reach a,greement in wridna thalthec:reditQf,
<br />such person is satisfactory to Lender and tha~ the inlerest payable on the sums secured by this Deed of Trust shall beat such rate as Lender $ball
<br />rCquC'$i. if Lender hiU waived the option to 8C\.-elerate provided in this paragraph J7, and if Borrower's successor in interest has executed-,.
<br />wriuen assumption agreement accepted in writing by Lender, Lender shall release Borrower from all obligations under this Deed of Trust.and
<br />,he Note,
<br />If lender exer~ises such option '0 accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof,
<br />Such notice shall p'vvide ..l....iod of nvt I..s than 30 days from the date the notice is mailed within which Borrower may pay the s~ cIec:laQd
<br />due, If Borrower fails to pay such sums prior to the expiration of sucb period, Lender may, without funher notice or demand on Borrower.
<br />invoke any remedies permilled by paragraph 18 hereof.
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<br />NON-UNIFORM COVENAi'o'TS, Borrower and Lender further covenant and agree as follows:
<br />18, Acte&eratiOll; RemtdIes. Except as provided In .......rap.. 11 IIenof, Upoll BorroWV'1 breaell of llIIY _t qr ......... of
<br />Borrower In t.... Deed of TnIst, Indadlaa tbe co......ls to pay wllea dae any...... _lIred by this Deed of Trut. LeIIder....1o ~
<br />sUllmalll101n to Borrower as provided ill ............,.. 14 Ilereof spodtyl..: (1) tile breaell; (2) tile aetIoa reqalred to eare IIldt bnadt; (3) a
<br />date, not less tIwI 30 days from tile date of notice Is I1IaiIed to Borro"er, by "Ilk" sacll breaell mlOt Ile cured; aad (4) dlat faIIwe to eare IIldt
<br />breadI oa or bet....., tile date opec:ifled ID the DotIce may result In atteleratiOll of tile IIlUllS ......red by this Deed of Tnast aad sale of tile Property.
<br />TIle Dotke IlIalI fartJaer Inform Borrower of tile riPt to rdastate afler acte&eralloll aad tile riPt to briaa a COWl actIoa to ~ tile _
<br />nlsteace of a defllidl or ally ........ def_ of Borrower to aaeleratiou and sale. If tile breaellls Dot cured 011 or bet....., tile date spedftad In tile
<br />IIOtke, Leader at Leader'. optioa may dedare all of lbe 'IUDS secured by this Deed of Trust to be IlIIIlIedlately tIae ud payable without f1u1IIer
<br />oiomaad a"" may ia.oke lbe power of sale aad aay other I'eIIIedies permllled by appllaoble law, lAnder ,hall be entitled to eolled all retUOIIlIbIe
<br />toSts aad n........IDaIrred ill pannllII the fftJledIes provided III this pa.........p.. 18, locludlna. but Dot limited to, _hie all_y', f_.
<br />If tile po"er of sale Is Invoked, T_ sItalI record a aOIn of ftfault In racb counl)' ill "llk:b tile Property or SOIDe part tbcreof Is I!>csted
<br />ud sIIalI ntalI copIa of such noln In lite maa_ presalbed by applicable law to Borrower aad to the otber _ preseribed by applkable
<br />Ia... ,\fte< tile ~ of .....b time as may be reqllired by applicable law, Trustee shall &I" public DOIn of sale to lite pen..... and tn the __
<br />presftibed b" applicable Ia". Tnlatee, wltllout demaad Oil Borrower, shall sell the Property at public allctlonto the ..tc..... btdder at tile 11_
<br />ud place and ;aDder tile te..- d<oIpated Ie the IOOtke of sale la Olle or mo,," pan..,l. and In .ucb order as Trw".., may fttenal..., T.....t... ",ay
<br />pQIlpo'" sale oi all or oy ~ of tile Property by public: allnOUDCelDent at tile tilDe aIld place 01 allY pr".t......,- sdteduled sale, Lenftr or
<br />1_'. deaIpee may purdlaM tile Properly at ally sale.
<br />lipoa __PI of pay_l of IIle price bid, T_tee ...alI dell..r to Ibe pureh_r T.....tee'. deed COllvtyillllbe Propert}' .old, TIte redtals in
<br />lho T_'. deed dIIlIl be prima fa<l~ ..idcA4:e of the trut" ollho .tat.me.1S mad. _n, T....tee shall apply tbe p..- of I.... sale tn tbe
<br />follo..i.. OnMr: lal to all reuooable <OSIS aDd ellp<"*'" of tlie ..ue,lndudllll, bat not limited to. 1'_t..,'s r_ of not more tha. _ ___-"/lA.._ _ ".
<br />of tho.~.. pritt, -.bIe aUorue,', f... and t'OSb of title ovide....: (bl 10 all,ubli _ured by 'bls Dftd of Tl'1Illt, alld (el tho ne..., II
<br />")", 10 the pe""", 0' _...lqaiIJ entitled lbereto,
<br />19. Borro-wff'1I1tialtt to Rd.....tf'. NOlwnh~Hand:ing tender.... a\,.~ekJaHOn Of the S-IHl!.., "i-e~;:ured bv ltm, DeN llf Tru).(. lknro\\l"r ...,hall ha\'c
<br />tile filtn HJ hdV~ illi)' Pt(,'~~i1j'\' l>eiun by I indfll0 t:nfor,:e thi:o t>et--J nt ! :u>.: d:,~cna:rme"j.ll an~. tune pf:t,n' h'- \!i~ t'.u!!~! It' tACU! (,f!!) !'he
<br />fifth da) bch_wl: the 14t.t 01 the Prnpcn} put\>uam I;.; ~he pO\\'Cf lOf sah: (-mu.uned m {hi", [><<0 (lj Trm:i (H ill} enli'\. ot a HH.tgmt>nt l""nftH"':'lOg tlw.
<br />i.~u HI lru.?i't i1: i.O'u JkHfv-.er f1d)''' tender an sum:>. wtu-.:h w\:i-uhJ N: the.; du-c >.Hidc; [hiS f)f,"'\J (1{ Tn}"';\. rh~~ ~dk <tilO th'll':\ H_"q!nng: hjj~ill:'
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