|
<br />82-- s~t~0903
<br />4. Gs~ie~arlba: The ptocceds of any award ar claim for damages, direct or consequential, in connect}on with any
<br />Carrdemnatian or othertaki>7; of the: Property., or}tart [hereof, or. for conveyance in lieu of condemnation, ate ixreby assigned
<br />- and shalt Ix pwid to Lsrxkr.
<br />fn iM: event of a total takrng of the PropeKy,.the proceeds shall be applied to the sums> secured by this I>eed. of Trust.
<br />with the excess, iF any, paid. to Borrower In the event of a paella] taking of the Property,: unless Borrower and Lender
<br />otherwise agree in writing, ttferr shall be applis+ito the sums secttred by this Deed of Ttust such pproportion of. the-:proceeds
<br />as is rgw3 to that proportion which the amount of the sums secured by this Deed of Trust. immediately pnor to the date of
<br />eating hears to tfac Eair market valtreof cttePraperty immediately prior ao the dateaf taking, with the 6alanceof theproceeds
<br />paid to Borrower.
<br />If !hc Property is ahandottai by ButTawer,. or if. after notice by Lender to Borrower that. the candtmnor offers to make
<br />an avxrd ur stttle a cirim for damages; Borrower fails to respond to Lender within 30 days after the date- such notice is
<br />mailed, Lender is wthoriud to cogect. and agQty the proceeds, at Lcttder"s option, either to restoration or repair of the
<br />Properly ar in tiro sums secured by [his Deed. of Trtrsr-
<br />[inlcs Lcrtder sad Borrowee otherwise agree in wcising, any such applicaiian of proceeds 4o principal sha[1 not extend
<br />orposlpo rte the due date of the month}y installments referred to in paragraphs. I and 2 hereof or change the amount of
<br />srtch irista~3rtemla:
<br />Jfi. llasrsoer Nwt Rdgaed. Extensiotr of the time far payment or modification of amortization of the sums secured
<br />I,y rhos Deed of Trust granted by Lender to any successor in interpi of Bormwe:r shalt not operate to release, in any manner,
<br />the liability of the original Borrower sad Borrower's successors in interest. Lender shaft not be required to commence
<br />procmdinlpt apitni sueft stsccasor or refuse to extend time for payment ar otherwise modify amortizatinn of the sums
<br />seettned: by thinLked of Trust by reason of any demand made by the origsnal Borrower and Borrower's successors in interest.
<br />Ji. Farieaea~ee by l.e~tierlVef a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise aRtirded by applicable law, she}i not kte a waiver of ar preclude the a~ercisc of anq such right or remedy.
<br />The; pioaxrement o[ insurance: or tlx payment of taxes or other liens or charges. by Lender shall rtot be a waiver of tender's
<br />right m accelerate the maturity of the indehtednexs secured by this Decd of Trust.
<br />f 2. R~esneJles GrwrMSive. AFl remedies prov+ded in this Decd of Trust are distinct and cumulative to any other right.
<br />or reettedy? under tilts Deed of Trtttt or afforded by taw ar equity, and ma}° be exercised cancurnntly, independently or
<br />stttxmivdy.
<br />1;, $teteet~an srd AsstiRtr leantk Joint and Severs! L}abiBty; Captions. The covenants and agemements herein
<br />contained shalt bind, and the rights hereunder sha31 inure to. the respective successors and assigns of Lender and Borrower.
<br />subjectto the provisions of paragraph }? hereof. All covenants and agreements of Borrower shall tx. joint and several.
<br />The captitnts and :headings of the patagraphss of this Deed at Trust are fnr convenience only and am not to be used to
<br />interpret ar dine the provision. hereof.
<br />!#. t~iodtt Eatcept.for any notice t+agwrtd under appiicabte law so be given m another manner, (al ang notice in
<br />Borrower provided for intbis Dmd. of Trust shall `x given by maiiiag such notice by certified mail addressed 4o Borrower at
<br />the Property Address or at sr)cti other address as Harrower may_ designate by notice to Lender as provided herein, and
<br />fb) any notice to LetirGer'shalk,bt given tsy certifud. mail, return receipt requested. to Lender's address stated herein or to
<br />ssac}t ether address u I;ctderrnay -designate try notice to 8orrow'cr as prav+dcd herein. Any notice provided for in this
<br />Deed of Trust shad t+e dKtrted m have i;een given tcx Borrower <*r I~uruter when given in the manner designated. herein.
<br />t5 Unitatsr Died et Tttaq Gartrai~g Lawt Sesxnbtlgy. This form of decd of trtnt cnmbines 4tnifarm covenants fen
<br />national use and note-unifot'm coveaarits with Limited variations ey jurisdiction to constitute a uniform security instrumem
<br />cover}nj rq}praperty. This Dtxdof Truss shat! }x gita°etaed by the taw oaf the jurisdiction. in which the. Property is tocated_
<br />to the event that any provision or oleos of this Deed of Trust or tht hiotc conflicts with applicable }aw, sua;h conflict shall
<br />eat adect other pmvisrotrs of this oted of Trust or the Note wMch can ht given effect without the enesfticting provision,
<br />and to this end ttu provisiont of the Ueeai of Trust and the time see dtciarad to ire severah3e.
<br />Tf. tiasrower's Cary Borrower shalt kx furmsfo-ed a confarmcd yap}' of the Kota and of obis Bleed of Trust at the time.
<br />of exectuion-tar after roctudtttioo htcteof.
<br />IT, Tt>•stetar et the 7t Aawrplion. if all c+r any pars ca; the Pttrper:y or an "snterest therein is sold or transferred
<br />by Borrower without S.urier'x prior wet:en csrnsent. cscluding ta) the creattan of a lien or encumbrance subordinate to
<br />this Deed of Trutt, ttsA thtdeatton of a nrchase money securny iaattrest for household appliances, f c } a transfer by devise.
<br />tleaatettt. or by opttration of Fav+ npwa the death of a rtr+m tenant s+r (d} the grant aof any l Did imerest of three }?ears ar Iess
<br />net arntasntnx an option to ase, Ltrrder may, ut i.cndcr'w opuern, ctrctarr, ;ttl t3tc sums secured by this Ihcd of Trust to be
<br />iinritedrate}y ..:and W Larder shall have waived etch option to acccluate if, prior to the Salo or transfer. Lender
<br />and the ptrson to whom the Property is to tae xo}d or transferred reach sgretmtetr m wetting that the credit of such person
<br />as vasfactnrY to}.credos and that tbernierest payable on tftc xurrrs seeurtd lay thzs [feed. ut Tntsi shaft tee at suc}t rate as
<br />t.rnder shalt tequuY. ff lxnder has waives} the option t4a actxftratc provided in this paragraph l ^r, and if Harrower s successor
<br />ire ~mesest fuss eaecut~.s written assumption agreement acc-tptedsn writrng by Lender, Lender shat{ repast Borrower from
<br />all oh;ija=3ottr;u+wkr thisDsoti of'£rust oral the 'tiote,
<br />Tt G_nder eaettxsea such option to atxtttrate. Lender shall mail Borrower notice of acctltu'ation in aeeardance with
<br />panggpr+ 1 J heieot- Such notice shaii~ providta. period of not tens than St) days from the Batt the notice is mailed within
<br />wbtch Borrawtr may pay 2tac sums dtctartd due. [f Borrower faits to pay such sums prior to t}te expiration of such period,
<br />Leader may. W shout further rtotioe Or dmtsixi <m 8orrawer, invokt any rcmtdies permitted by paragraph I g hereo`.
<br />Nt:,,.s: b;rrx ai ie»xavatura. ~srrnwcr and L2nter 4urS.tttr cavenani and :egret as follows:
<br />tg. Acrekrallwr; iterretMiec.. lrscrpf rsprun'iizliw parag~M }+ tsereaf: 3ptaa Barrawzt's *~~.ii. of any tovenam or
<br />apeea~ewt es Bor*s+rrr hs tluir tltstd of Trrxf;, iwctsrdittlt flee covenants as ~y wi~rn dne ay swore secnxed by the Deed
<br />e/ Tsar, I~rtler prree ra acrderaNor tthJl ~ aotict ra Bartown as prax}gp! In p~*atrapYr ]A hereof specifyiag: fi) the
<br />t-ewrM: 1 Z} the sct}.a rv~nirsd ter case arch breach: t3) a dsk» aN trot fhaa Jtl- days ftoen 4br Barr the notice b rtralled is
<br />re-re+.r, by .°hiea s.cltlrencirswsr heetsredr: rod (4) that fa8sre ro rnrc srcb bseaeh un sx before thedzte speedied
<br />in liar dice any rrsrll in: aa~aelet>Xit7er:d tree ernes vecaatedhxthis ['lord af'Tresst aepl tiah of iM PropeRy. Theuotiee
<br />oboe feather idwrrw B+.sswer oftYe tigAt .torcithtMe attrratrelrratioa and the rgttiata britsg a court .action iaatrert
<br />the eon~rsiaerwcr of a delarh ne seer atiaer rkfa~r of Eoreavrr to aertleaation and .salt. if the. breach is. nor eared
<br />oa M before ttar dYe .periled is the nnEis°e. I.;esder aR.teredt7'S option may declare aB a)f the snrns secoted by this: Teed
<br />of Trru tw br iws.w/i.erty i.c and pxr.s-k+.irlroat f~rthec drmrwd and may lnxaitetM power of sale and any ut}rrr rtnsedits
<br />pr~~ h1 appiiralse taco. Ixairr ~.tsaBbe cirrilkdto eaflrtt ail reasotnsbksosMaud:espemKS itsru":ed it pursuirtttYhe
<br />rersadies pavritki >A this praRrapA lY. iartrdlrts;. has nor kiimited to, reasanabie eetaerey's tars.
<br />l[ the prsrar erf vak h iavnhd, Tree err ,hill record a nottcc of defarM. is each cataety is which the Property ar sotme
<br />pet Hrreat is Neared aw/ sYw6 ~a8 caps n +>{ such noticeintlre manner prescr$bed br sppiicabk is~r to Eorrosrer and is rise
<br />other pee+ewa -reicrift! R opptirai4 law. After the taper of srchtiispe as wasy•be regakedby. igytlicaisic law. "IYtrske s6r6.
<br />per prtYlir trwske d oak to t[re prrxins sad m rhr ireinaer pre#cribrd by apps taw. TrarAee. wlfhoat rkssuusd on
<br />- ltarrwwrr. +a/ ,ell t-c rrvprrtx at paNic asrtiua w ttc hildltest itidder at the .time sad: place and urrdes iNt rams desigsated
<br />iw the raer4r of xa4 nr Dear ere Corr yrarcrlx and ize sorb txAer Tut Trxasttt »aay dettrtoise.. Truwttt may pawtpont:satc. of a6
<br />or aaq pwml of the Mapert. W pwMGc annoaewcewaentet tree:. ilaie wwdp~ afaryprewiaeisiv xrtiedstkdaeafe. Lender ar
<br />i.fartMr'a lsfipaer rnsy prntisr-tAe Property at arty ,ale.
<br />L'yw receipt v( l+Y~m ~ tAr prier bid. 7'rwter ,halldeliwer tatirr pearrhaser T+raraee's deed-coavey}pg the Property
<br />,aM. Tile teritab is the Traaeeis deed sYaB ter prima folic evidence of the. truth of 'the 5tatttlt"tr~'ma~e tberertr. Trdster
<br />obeli apprr the precreda .+f tfar .ate N rbr foMow:uR order: !al ro aB tessoearbie: costs serer expeastsaf the stdat'nrlorBeg bet
<br />cart tlwfarf !o, Tratwree Irrs of woe mare than _ _r~:- ,. _._".t° of: tlw:ggrass soh price: r~wreabftattarney's fetsaad a»sts of
<br />ttdr.+idcwrs; ihi to aY +ernxx seeyra.l bs this, DeeJ a( 7'rux{;:argt teftlirzxres'a..8aoy. fu the person ar persons-Itgstly rntNkd
<br />eharwtw.
<br />If. ~v.rer'x It1R1M Ar Re%aatMe ~x~ir!s and+^g (xrnrier ;~ :ac_t^tsrati~ r5f the ~-:errs ~rnred !r; rh:•, freed n#' Trutt.
<br />ltra'rx?w~;' shall h.are L'fc =sght ti i»e-c n:+y ~.. ,x'r~dir,{~, t>rgun h-r F~vM4er ea eu- r:-,-c it+;y ~ec:i nt Tr se uuct~ r,.rut•"3 vE
<br />xnr{ irretF prix Kt the .anc~r tea ~x+rr ud iY the ?~f:b day ?±ri.,nr c~ Sale e' [°>K t';ot,a r` _ a .+ r ,_ -hc ~,:~ , (;. nv a.ned
<br />,rt rhea field o?Tnact+rY+riies[aY~!ar~tdgmcnr catixrm ~. thin l7crd ~r Tr,ra. :ash cc. wca V4v cn~);r _il .;m~,., cL a'!d
<br />!w. l}1Crs v^-ts ,~no3er the i'krrd n! l'rest. •3h. `rcoa .ar. r! n,a~., s_:aung Fi,;.u rv. .- .~ J nu ar.,o o.aa ed.
<br />ifi: @rr, .+aPr, ~...-.. aF', txc~nrl ,-. ,ar,i adzcT rut~rnan?z ~ nyr?<en~c: ~:~. fi ,nr .cr. .,.~i la_~r,1 .. i- -,. : rue. ~~~
<br />it1 `d, 3>nswurr p.t i'• _ t rr:ra~:r~,obi~_ _~jx':.u. .,x .rr: .l ins i. rs~. r . ~d ~'.. -r ,. _ ~~:nu .u .: a
<br />3t.:x;cw- ~?;tuzM..at ,n !h~+ lA:^x1 <st S eti~ ;yet ,rti rep 1 c,~~~r'S ,F r..,r rscrl c .o.~ t ~r2 c n
<br />r~+.-~ .. ta3~r1$,. .., ,rN Si:1t- fit tr+ .t)., Ir}h. [''a3t(x: itC~'u (,'l3 "y T(fl':'. lf.,t •• w.i .., r,. , ri a'r .~~~ •'.~
<br />rt1t+ i n t.t ~. : tti'- its' iry.J ...r} i'~Cd .'( I~ - .,"}tt l...c _. ~ ~ t. ~ <.:ei:
<br />nia!
<br />
|