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<br />84 - 005381
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<br />by this Deed or Tru't immediately prior to the date or taking bear, to the lair market value or the Property immediately prior to the date of
<br />taking, with the balance of the proceeds paid to Borrower.
<br />!f!h-e P!'o~r!y is ~ha!'!don~ J:ty Rorrowpr, orif, after notice by Lender to Borrower that the condemnor offers to mb..Ke 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 coHect and
<br />apply the proceeds. at Lender's option, either to restoration or repair of the Property or to the sums secured by this Deed "f Trust.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proce€ds to principal shall not extend Oi postpone tb.e due
<br />date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of such installments,
<br />10, Borro...r Not ReIetied, Extension of the time for payment or modification of amortization of the sums secured by tbis 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 original Borrower and
<br />Borrower's successors in interest. Lender shall not be required to commenc~ proceedings against such successor Of refuse to extend time for
<br />payment or otherwise modify amortization or the sums secured by this Deed of Trust by reason of any demand made by Ihe original Borrower
<br />and Borrower's successors in interest.
<br />11, ForbeIInnce by Lender Sola WlIIyer, Any forbearance by Lender in exercising any right or remedy hereunder. or otherwise afforded
<br />by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy, The procurement of insurance or the payment of
<br />taxes or other liens or charges by Lendei shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this
<br />Deed of Trust.
<br />12, RemedlesCumulatin, 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 afrorded by law or equity, and may be exercised concurrently, independently or successively,
<br />IJ, Successorn and Assigns Bound; Joint aDd Seyeral Liability; Captions, The covenants and agreements herein contained shall bind. and
<br />the rights hereunder shall inure to. lhe respective successors and assigns of Lender and Borrower, subject to lhe provisions of paragraph 17
<br />hereof. All covenants and agreements of Borrower shall be joint and several, The captions and headings of the paragraphs of this Deed of Trust
<br />are for convenience only and are not to be used to interpret or define the provisions hereof.
<br />14. Notke. Except for any notice required under applicable law to be given in another manner. (a) any notice to Borrower provided for in
<br />this Deed of Trust shall he given by mailing such nOlice by certified mail addressed to Borrower at the Property Address or at such other address
<br />as Borrower may designate by notice to Lender as provided herein, and (b) any nOlice to Lender shall he given by certified mail, return receipt
<br />requested, to Lender's address stated herein or to such other address as L~nclt, ".oy designate by notice to Borrower as provided herein, Any
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<br />n(nkc prGv~d-ed for in this Deed of Trust s.haH be deemed to have been ~w. L...:.,rrow-er or 1. e..'1:G..... when given in t..'1ema.,;'1!:-ef d~i=,,;;te4 herein.
<br />15, Uuilorm Deed of Tnut; GoYU1liDg La..; s..,,:aJrillty. This 1'"".. "f deed of trust combines uilifurm covenan13 for natiooal use and
<br />non-uniform covenants with iimited varialions by jurisdiction to constitute a uniform security instrument covering real property. This Deed of
<br />Trust shall he governed by the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Deed of
<br />Trust or the Note conflicL' with applicable law, such conflict shall not affect other provisions of this Deed of Trust or the Note which c;an be
<br />given effect without the conflicting provision. and to lhis end the provisions of the Deed of Trust and the Note are declared to be severable.
<br />16, Borro.....'s Copy, Borrowel shall be furnished a conformed copy of the Note and of this Deed of Trust at lhe time of exeo:utionor
<br />after recordation hereof.
<br />17, Transfer uf !be Property; Assamptioll, If all or any part of the Property or an interest therein is sold or transferred byllomlwer
<br />wiihout Lender', prior written c'Onseut. excluding (a) the creation of a lien or encumbrance subordinate to this Deed of Trust, (b) the crealion 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) the grant of any leasehold interest of three years or less not containing an option to purcha..<e, Lender may, at LendCr's option,
<br />declare all ,he .ums secured by this Deed of Trust to he immedialely due and payable. Lender shall have waived such OPUOII to aecelerate If;
<br />prior to the sale or transfer, L~nder and the person lO wbom the Property is. to be sold or transferred reach ~rl/!fmlent in ~...,tbe~:r~:ot:
<br />such person is satisfactory to Lender and lhat the interesl payable on the sums secured by this Deed of Trusl sball be &tsuch rate as LenlleulWt
<br />request. If Lender has waived the option to accelerate provided in this paragraph 17. and if Borrower's successor in iuterest _ ~4l, :
<br />written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all obligations under this Deed of TruIit alId
<br />the NOIe.
<br />If Leoder exercises such option to a,-..'elerate, Lender shall mail Borrower notice of acceleration in accordance with ~14 -'1.
<br />Such notice shall pro.ide a period of not less than 30 days from the date the notice is mailed within which Borrower may pay thesUJl!ll ~
<br />du~. If Borii)wcr fails to poi.y sw:h Si.ims prior to the ~Apiratiun of such period. Lender may. wiihout further notice or demand on Bonowcr~
<br />invoke any remedies permitted b)' paragraph Ig hereof. . . _o..~ --. "
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<br />,:,;",",",..'8,;" m:.t- 'tt.rl'l~ .,...<._~H
<br />.~,',"'l rtG ':~_ ~. _" 1;..
<br />NON-UNiFORM COVBNAl-iTS, Bonow., and Lende, funner coveilM..,.i.....~'!lt' ,,4~
<br />18, Aa:eleratioo; Re.aedIes. Euepl .. provided III paraarapIIl7 lIereo', .....'ItarroWw.. bnIdl of U)' co.-t or ~of
<br />Borro.... ill tAil Deed of Tnosl, lacI...u.a tlIe cove....1S 10 pay ..Ilea dae oy _ secured by tJdt Deed of TIwt, Lutiarpdor to aO(.........
<br />sIIaIl mall _ tl> Borro..", .. provi4od la fllllllII'llPlt 14 lIereof IpedfJiDa: (1) tlIe bnMlI; (1) tlIe acllOII NIptind to _IUCII ~ (3).
<br />aI<, _less tIoau JO ~ from tloc al< of IlOllee Is DWled to Borro...., by..1Ildo Mdt breaelt"'" be cured; .....(4) lMt .......to_..
<br />breac" 00 or bel_ tlIe dal< speclfied ill tioe _ ...y RIlIlt ill KCeleratiolt of tlte _ -.red IlJ tIlIa Deed o. TnIt.....lIlIluf....~,
<br />TIl< _ slIlllI fllttl>c> Iaf..... Bono.... of tlw ripl to reiJIotale aftel KCeleratiolt ..... tlte rtpt to britla a c-n actioII to ~ tlte....
<br />Wsteoce o. a default or attY ....... def_ of Borro_ 10 KCeleratIoo aud sale. U !be bnadlls _ c1Iftd oa or lIef_ tlte 4Ilde ~...
<br />IlOtice. leader alLeader '. option _y declare aU of !be s_ secured by llIls 1Md of Tnosl to be lIIIIIIedIateb d... ..... JIIlJlIIIIt .............
<br />dellWld aIId may iIlvolte IIoc po...er of nIe aIId uy olber remedies penaltled by applicable Ia... Leader aIIaII .... dddetllo cllIIect all ......
<br />coots aIId _ ill<urred ill ponWag !be remedies provi4od la tlIls paragrap" 11,lucI...u.a, bat DOl HlBiled I", ..-..IIIe attGrM)"a....
<br />If tlIe PO"'" of sale Is layoked. T....lee sIIall rerord a aollee of defalllt la eacb COIUlIy ID ..1Ik:Il 11M Property or _ part tIIaNof la ~
<br />oDd sIIaIl maU copies of sOIdIllOtl<e iD 11M DWUleI' pnocribed by lIjIplkable la.. to Borro.... IIlld to tile olber penoIII pracrIbed. b, applIcIIlIe
<br />Ia.., Alter tile lapoe of sOIdI time as may be relIWftd by lIjIpIk:abIe Ia.., Tnosl... slIlllI &lve pllblk _ of sale 10 tlIe penIllIIlllId la .... _
<br />prNCribed by appIIahIe ..... Trustee. wlt_t deaw>d 00 Borro..er. slIlllI sell !be Property al publle altCtioIt to !be ltIaIMat bldlIlIr at tlIe ~
<br />...d ~ IIlld uader !be IenIu deslpaled ia tile BOtice of sale Iu ...., or more pan:els aDd Iu IItCb order tIS Tnut... may detenIIlae. ~ mar
<br />po&\polle nIe 01 aU or llIt) pan:d of !be Properly by publle llItItoum:emeal at tile time alld pIKe of attY prevlolllly IClIedttled sale. Leader or
<br />Lelldu', desla- ....y p~ 11M Property al any n1e.
<br />L'pou...,..}pl of paymellt of tlae prke bid. T.....t... sbaII deIIVC'l' 10 lbe ....rc:~ T....t....s deed collyeylDa 11M Property sold. TIle reclt&la
<br />tit< Tr...t~'. deed lIb&lI .... pr'..... facl~ ..llleD"" of I&< Il'lItto of IIIe sta_nti ilia.... Illerein. T......""..aIl applyo ille p..-edl oi iIoc aale in iIoc
<br />lolto..llll order; ia) 10 all mISOllable cos.. oDd upeuea of lbe n1e. iacl"d1Il1. but aollllBiled 10. Tnut.... foes of "ot man: Ib... _, ,L-,_ ~
<br />01 tile Ir.... wr prke. ,_Dubio atlome) '. fen llJId cosls of title ovid",,"; (b) to a11.urns """red by t""()fed of Tnll": aad (c) !be exceu. If
<br />Itft), to !.M verso. O'f prrnHU: k-&aD) rntltltit fkrtto.
<br />1'9. Uurl"O.fU'~ RiChl to R,ins-Iatt'. Not....ithstanding Lender':- i.s..-..:eler;.1tion <If the sunh ~l.'ufcd OJ thl~ lkt."t:.i of TruM, Borruwer :shall have
<br />.t\t~ :\~h! h) h~l\f J;1.11~ PLl<..-("e-..1l\1j'.' lxg.u!. h) ll:'fH.k! 1\.' t'nfo!.:'~ lhn. r~et! (d'") ru\! ;"h'<';(lmHH.~c-d aJ ~my nn\(' pnor to Ih(' l,";,lrhcr to l>t,::cur .)f
<br /> (i) tht"
<br />'lfl1\ Ja\ nt:h:<fC th;: ~ah: ~,f tht Pf(1~1('n) PU!-';.U..UH ihc Pi.H,;,Cf uf ...<\k :,"mnaH1cd Hi !hu. Deed'l-)f 1'11.1).1 l)f \Ii) t'll.tJ> \11 -d judgment t'nhm..ing. thl~
<br />()(t>_) ,'~ rr~,( d. l~,i !kr ,''.'\,('-i" ;"f!\,! J;';J;"kr ail :dll\':!:i "",Iud, v.-..,uIJ hi: ihen dlH:: !J.nJ~l ~!j1" ikt'd ,\1 1n.:>i. {h~ :-l(.!t: MH.lIhJlt":'. "..'I.'ming i:uturc
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