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<br />005366
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<br />by this Deed of Trust immediately prior te the date or taking bears to the fair market value of the Property immediately prior to the date or
<br />taking, 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 that the condemnor offers to make an award or settle a
<br />claim for damages, Borrower rails to respond to Lender within 30 days after the date such notice is mailed. Lender is authorized to collect and
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<br />apply the prex,;eeds. at Lender's option, either to restoration or repair of the Proper-ty or to the <H......*'i1S secured trj trois Deed. of Trust.
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<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 installments referrf!d to in paragraphs 1 and 2 hereof or chaJ"..ge the amount of such installments.
<br />10. Borro....r Not ReIeued. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trusl
<br />granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and
<br />Borrower's succ,",sors in interes!. Lender shall not be required to commence, proceedings against such successor or refuse to extenli time for
<br />payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower
<br />and Borrower's successors in interest.
<br />11. ForbearaKe by Lender NOI a Waiver, Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded
<br />by applicable Jaw t shall not be a waiver of or preclude the exercise of ~"'1y such right Of remedy. The procurement of insurance or the 1)8.YDl-~t of
<br />taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the rnalur11y of the indebtedness secured by this
<br />Deed of Trus!.
<br />12. Remedies Comulallve. All remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this
<br />Deed of Trust or afforded by law or equity. and may be exercised concurrently, independently or successively,
<br />13, Suttesson""" Asslps Boolld; Joint alld ~veraI LiablIJty; Capllons. The covenants and agreements herein conta!nechhallblnd.and
<br />the righls hereunder shall inure to. the respective successors and assigns of Lender and Borrower, subject to the provisions of parIIgraph:17
<br />hereof. All covenants and agreements of Borrower shall be joint and several, The caplions and headings of the paragraphs ofthis~ofTrust
<br />are for convenience only and are not to be used to interpret or define the provisions hereof.
<br />14, Notice, Except ror any notice required under applicable law to be given in another manner, (a) any notice to lIorrower'pr()videdf()ri!\,'
<br />this Deed of Trust shall be given by mailing such nOlice by certified mail addressed to Borrower at the Property Address Or at sucb othe:f'~
<br />as Borrower may designate by notice to Lender as provided herein, and (1)) 1m, ' ~,tice to Lender shall be given by certifiedlllllil. retUrDncdpt,
<br />reques,ed, to Lender's address stated herein or to such .:>ther address as ,'C: lIiay derigDate "I notice to Borrower as providedberein,Any
<br />notice provided for in this Deed or Trust shali be deeme<. to have beon gi..", ,0 Borrower or Lender when given in the IIUlDIlCf d~heteiJ>.
<br />15. Unifonn Deed of Trust; Govendaa Law; s..verablllly, This form of deed of trust combines uiliform covenantsforllllliol!aluSecand
<br />non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument coverina rea1.property. .'Ibii,~-<:J_f
<br />Trust shall be governed hy the law of the jurisdiction in which the Property is located. In the event Ihat a.1Y provision or clause of this,Deedof
<br />Trust or ,he Note conflicts ..ith applicahle law, such conflicl shall not affect other provisions of this Deed of Trust or the Note wbicbCllll,be
<br />given effect without the conflicting proyision, and to ,his end the provisions of ihe Deed of Trust and the Note are declared to be severable,
<br />16. Borrower's Copy, 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 Ibe Property; Assumplloo, If all or any part of the Properly or an interesl therein is sold or transferred by Borrower
<br />without Lender's priOl written consent, excluding (a) the creation of a lien or encumbrance subordinate to this Deed of Trust, (It) the creation of
<br />a purchase money so:urity Interest for household appliances~ (c) a transfer by dc\ise. descent or by operation of law upQft the ~ of .joiQt.
<br />u:nam or (d) the gram of any leasetwid interest of three years or less not containing an option to purchase, Lender may. at Lender1s option.
<br />declare all the sums secured by this Deed of Trust to be immedialely due and payable. Lender shall have waived such optiCtl to acaeIerateif.
<br />prior to the sale or transfer, Lender and the person to whom the Propeny is to be sold or transferred reach agreemenl in wriilOl that the credit 01'
<br />such person is salisfactory to Lender and thaltbe inlerest payable on the sums secured by tbis Deed of Trust shall be at such rate as LeI1der~
<br />request. If Lender has waived the option to accelerate provided in this paragraph i7, and if Borrower's successor in interest bas ~..
<br />written assumption agreement accepted in wming by Lender, Lender shall release Borrower from all obligations under this Deed of 'Trust and
<br />the NOle,
<br />If Lender e-xen.:ises. such option to ai.'..:elerate, Lender shall mail Borrower notice of acceleration in accordance with parqraph 14 bereof.-
<br />Such nQLil..'e shaii provwe a period of not iess lnan 30 days irom the date the notice is maiied within which Borrower may pay the SUlU dcciarod
<br />due, If Borrower fatls to pay such sums prior to the expiration or such period. Lender may, withoul funher notice or demand on Borrower.
<br />invoke any remedies permitted by paragraph 18 hereof.
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<br />NON-UNIFORM COVENANTS, Borrower and Lender further covenanl and agree as Iollows:
<br />18, A..'deralloa; Remedies. Es<ept as provided 10 paragrapb 17 hereof, opon Borro...'s bracb of IUI)' COV__ or ......... of
<br />Bono..er ia thi5 Deed of TrDll, lodIldiJo& the cov_ts 10 pay wheo due IUI)' sums seamd by tbIa Deed of TrwI, Leslderpdor 10.......
<br />shall mail ootke 10 Bonower as provided in JlIll8Irapb 14 hereof spedfyiea: (l) the bre&ch; (1) the lldIoIt ""Inlred to C&R udl ....-; (3) a
<br />e1at., not less thao 3(l da).. from the e1a1e 01 nolke is mailed 10 Borrower. by wbleb soda bre&ch most he cured; aad (4) lbt flllhHe to_udl
<br />breacll on or hefore the dale spedrted in the nolke ma)' raull ia e<ceIeralloa of the _ sec:ored by tills Deed of TrwI aad sale of tile Property.
<br />TIle nolke sbll furtber inlorm Bono..er 01 the riabl 10 reinstale after a<:cderalloa aIld the rlabl to briD& . COIIIt aclloa 10 ~ the aoe-
<br />exisleJKO of a defaull or aoy olher defense 01 Bono..er to a<eeleratlon """ sale. If the brncllls DOt cured 00 or before the cIate spedfIed in the
<br />nolke. Leader al ~'s optioo ....) declare all of lhe .1I1l1S _lIred by this Deed of T....I to be imJDedlalely dae aad payable w1tbOllt f1utber
<br />~~..o.~ -.y ift~n_. t~ Jm~!''' ~.i ~~ ~M 9"Y I)~~r ~~ ~u~ by e~=~ l!.~_ L~!!!~ b!- ~ftt!t.~!f} ~ d ~..J!b!e
<br />rosts alld expeases iacllrred In pursWaa the remedies provided 10 this paragrapb 18, indudiD&. bill 001 limited to, reasonable attorney', f_.
<br />Illhe power 01 sale is invoked. Trustee sbalI record a ootlce of delault ia eacb collnl)' In wbleb the Property or 110_ pari thereof is localed
<br />and .!taU mall copies 01 sucli nolio...., in 111. maa..... pracribe<l b)' applleable law 10 Borrower and 10 tb. olber penoDs pnscribe<l by applicable
<br />law, ,'\fl.r the lapse olsurh time aslllll.l' he required by applkabJe law, T....tee sball &ive public nolke of sale 10 the persona aod 101'" _lIer
<br />I'rtSCribe<l by applio....llIe law, TTli>tN. w1tboul demand oa Borrower, shall selllhe Proper\)' at public auction 10 lbe blabal bld4er al the lime
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<br />,l!~~ p!~ ~.m.! ~~ t~ !t~ ~~~t~ !It 1M notk~ of ~t in nut or :nort' p:rl"t-b =nd h~ ~~..dl creer es !n=t:-: ::::y de-~~. Tn=te: ma)'
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<br />postpoar salr of all or 80) plir<d of Ute Proper\) b) publk aaooull<<ment al lbe ti_ and place 01 aoy prnlousl) ....beduled sale, Leoder or
<br />I,o"","r'.lksi&_ -1 pur<h_Ibt Propert) alau) sak.
<br />"poa rKelp. 01 payment 011'" price bid, T.....lee sltall deliver 10 tbe pur<it_r T.....t..'s deed conv.)la& tbe Propen) 1IOId, The ~itals In
<br />.... Trusl..'. deed .balI be prima fll<le rvldeD<< 01 the irulb of tbe &latemmts made therelo, Tl'Wltee sltall appl)' the proceeds ollbe sak la tbe
<br />folk>wlDi onIrr: lal t<I all rouooable eosb and .xpo...... of lb. ""lr,lndudlull. but not IImiled 10, Trusl..'. f.... of nol morelbao 7 '"-
<br />or the aro.. >ak prir.. r.....na.... aU..r...,', r_ and costs or tllle ..id.O<..., (b) to all...ms _...red b, ibis Deed or Trust: and leI lb. fJ<....., if
<br />In)'. tQ th,. ~noQ Of ~tjORlj kj.n).l'Rlitlrd diuetv.
<br />19, 8.il'fwwt-r's Riehl to Rria.;;t.tl', 'lltwHh.;;tandmg tl,"'n~k["" an:de'f.:itloll ,~J;:he- '>lHll~ \l~:UI<<1 by tlu" Dc-eJ ...~f hu:-!. H{lfP.)WCI' ..hall hit\('
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<br />the ;"g.ht ~(t 1"..,';;:- ,~n~' rJ'(~)";t"~tm,g~ nel!tun h~ ! :::itkr in ~ntuH.C tlw, !).,'"td Ul l'n.\: d..'i,--'P.;!HHh~d .\1 .tny 'mw ptldr :~~ the carhn t~\ ~X'1..U: pl ti.l rhc
<br />fd;h ;J~~)- !>th.,rr rh;:- ;.ik '-.1! th>; f.f'-'rt'r:) p'Jt"~h.Hl! L' !hl.: t"X..l~;,':' nf ..~le ,~-un\alr:.::d ,n thl~ 1>6::.d I,Jt 1 Ti.i"i il~ lid nHr\ ,'If., ]\lJgm.cll! t~id,)h..m.g
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