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<br />$2-- t:~03~53
<br />9. Coodemieation. The proceeds of attv award n* aaim for damage: direct ur consequent'^1, m :ennectiim with env
<br />eandemoation ar crtler'takingof the Pro;.iert}', or part,ther~of, or iorconvapance~in flea of ct5nde~nuatit7n, are hereby assigned
<br />and shall M paid to t~odcr.
<br />In the event of n Loral taking of the Property, the proceed, <hali he applit~d ro the sums secured 6y this Deed of Trust,
<br />with the ezczxs, if any, paid to Borrower, in the even of v partal [akin _f the Property, unless Borrower and Lender ~.
<br />otFterwise agree fn wnt:ng, there shelf he applied to the sums secumd by th .Deed of Trust such proportion of the proceeds
<br />as is equal to that pro~rtien which [he amount of the sums secured 6y this Deed of Trust immediately pnor to the date of
<br />taking bears to the fair mallet value of the Property imn~ediateiy prior to the date of taking, wire the balance of the proceeds
<br />paid to Borrower.
<br />If fhe P; operty is abandoned by Borrower, or if, alter notice by Len_1er to Rorrower that the condemnor offer to make
<br />an awar6 or settle a claim for damages. Rorrower fails ro respond c~ Lander within 3n dacs after the date such notice is
<br />mailed, l.entkr is authorized to collect ant apply the proceeds, at Lender's option, either to restoration or repair oC the
<br />Prokxrtc or to the sums secured by this Deed of Trust-
<br />finless Lender and Borrower otherwise agree in writing. any such applicatron of proceeds to principal shall not extend
<br />or postpone the due date of the monthly i:LCial?raen[s referred ro in paragraphs l :trd 2 hereof or change the amount of
<br />such installments.
<br />1r1. llerrower Not Released. F_.nension of rhetime for pay'mcnt or modificatimt of amortization of the sums secured
<br />by this Deed of "Crust granted by Lenderto env successor in interest of Bo~-cwer shat 'tot operate ro release, in any manner.
<br />the liability of the original Borrowerand Borrower's successor in interest. Lender shall no[ be required to commence
<br />proceedings against such suacessor or Y?`w to extend time doe -payment or otherwise mad fy mortization of the sums
<br />secoredby this Iked of Trusrby reason`of any..dcrnaztd made bytheonginal Borrower.and$.~rrower's niccessors in interest.
<br />IL.. Forbearance by'. LenderNota-Wairer,.Any forbearanceh&1-e4der in exercising any right er remedy hereunder, or
<br />otherwise afforded by applicable law; shalt aoc tx a waiver of ar preclude the: exercise of any such. right or remedy.
<br />The procurement of rnsunnceorthe'paymentoftaxesorother 6ensorcharges tiy'Lendershall not he a waiver of Lender's
<br />right to ataxluate the trraturily of the indebtedness secured by this Deed of Tnut,
<br />?2.'-Remedks:CmnolaNve. All remediesprowdcd.inthis Deed of Ttvst aredistinet andcumulativc to any other right
<br />ar remedy lender this Dea3"of Trusf or a„carded h_r• law or equity, and may be exercised concurrently, independently or
<br />successively
<br />]3. ~eccasors awd As~os Iburd; Joint and Several-Liability;::Capliotrs. Thr 4ovenants and agreements herein
<br />coalained shalt bind, and the rights hcreurxler shag inure to, the respective successoxs and assign of Lender and Borrower.
<br />subject to the provisions Qf paragraph l7 hereof. AB covenants and agreerents of Borrower shall be joint and several.
<br />The captions andkipdings.of the pangraghs_of this Deednf 7rusiare tarcanvenienceanly and sin not m he used to
<br />interpret or deSne"the provision hereof.
<br />14. Notke. Except for'any notice required under applicable law to bc' given to another manner let :+np nonce u,
<br />Borrower prdvidedform thislked of Trust shag lx given hy:.maiting such rtotice:{ry certifrcd mail addxessedto Borrower a;
<br />thtPraperty Addrss or at-such ether,address as Borrower. may desigttatc try notice to I~cnder as provided hcreir., and
<br />(b)`any natter to Lender shall be gtisxta by certified mail. mum receipt requested, to Lender's address stated herein or to
<br />sue}: other addras as Ltttidei^ may: designate by noose to :Borrower as' provided herein Any notice provided for in this
<br />Deed ofTruat`shall be dxtited to have been given tol9arrower or Lender when: arven in::the manner des+gnated herein,
<br />15.: Unifi~Ilkei o[TrbhGOrerniug I.aw; Severo6BHy• Th:s form of dead ,.t c.ist:egmbtnes unitori ~ co~enaats far
<br />naNonaluse andttcn-uni€ormcovrnantswithkimited vanatioash} ~ur[sdnctionroconst~tutr a unifurtnsecunt}- instrument
<br />covtring real proptrty. This Decd of Tttrst shah Ix governed'rs •hc !aw of the turisd,ciion .n Hh ch he Pr art: is ~ , ~d
<br />In thetvtat thatany provision orctause of this Deed of "Trust , r ihrNote contk3Ms withapp~ ahl : ~w u~ ~ conl7 ha4
<br />not alTect other pprroviswnof this Dew of Trnst-or rho \otr which can be given meet wnhout ,hc c. nll,cung rressir.n.
<br />and to this end the provision of the: Deed of Trust and the. Note arc declared m be severable.
<br />`l~. lnnower's Copy. Borrower shack tx iutntshed a conformed copy of the t~aie and of this ll ~,I , Tr~,t .,~ the time
<br />of executian or after recordauvn hereof.
<br />1T. Teatutarof [he lheperty; .lsauanptlon,. kf ail cu an}'part of the Property or an inrerest tlrerc•:n ~.; cold ,~r iransferrc.i
<br />by Barrowerwithota Lendtr's pnor wr'rttencansen4 excludvn~ ial.rhe creation tri alien-or en~.u~nhr;m ,.o-d vets c~
<br />thusDeed of-Trust. tb1 tM_ creation of a purchase +naney seiurtty interest far househoui nppba aces ~ ~ ~ •, t :.liter ha des~ise
<br />descent or by operaoon of law upon the death of a ;oint tenant ar
<br />' Lender may, at t rnderK aptton, declare :,'I the sums usurer! h1 ~hrc teed .~r Tnisi ro h<
<br />imtediately due~and payable Linder shall ha.c waived such optir'ri to accalera to if, pnor ' the ;:vie r i+nfcr 1 un[i:oi
<br />- and'tFxpdC'Stin: to wburn the Property is to he sold or grans€etred rcxch •,erermen: m wr.ting that lire cr di: of such pcnrrn
<br />u 1attSCaetorV to Lendex sad that :he interest payable on ;rte sums curer ;his D d :.I i i ~ ,hail +u: h gate ~;
<br />Ltadershakl~regtxst. kfLera:er hu, wa~eed the npt~,ro to a~'eelaa+ ~.rcw;ded nsthis ,rar.,graph ! t.r1 !t Roe ,ewer ,successor
<br />inintertst has cxazuted a written asaum Dtren agreement :,<ceptedI r.•I a,c Horrr,wcr frgm
<br />all obli~attoos under this Dttv nt Trux end [he Note. ~ ' -" t
<br />IfLcnder exercises such aption Ic - uuram. Lender ;h i s Borr w. er ear c (a' h. Jii.~_r i ,aotdance woth
<br />~~aainaggrraph 74 herrn(. Such not -e sh:.ll pnn-+dc a prnod nt ~~ t .Qs h:n 3+f days Inn dre ate not maired within
<br />which'&~trrnver ma}' pay the suns declared due. 11 B. ir,uei f ~s o p`a .uch slims t ~o~ i~h the c<n~nuo of such perrotl.=:
<br />Lcadermay,wnhout further noGCC er demand n^ Boren»cr. F.c an~. r,rnrdm; ~r it;ed ! aracr3ph 19 hrrrpC
<br />N(H~-Li ~iroa st Cov en~s~a c. Horitrw~et and Lender further anti ctuim .utd agres; ws t ~tlpw,.
<br />t!!. Accekration: Remedies. Etteeptsss provided in paraKr+ph 17 herroP, upon Rorrawrr's breach of any covenank or.
<br />a~reeineal of lormwer is fhb Deed-ul irust, iaclndin(i . the vas enants rn pad when due any sums secured by This Deed
<br />of Trrrl, l.ew4r prior to accekratiCrt shall nail-nutlet [oSarrower aaprn.'idedin para`raph 14 hereof specifying: (I! the
<br />Meech: f2/ the actw reyaired to careso,tA bmcb:43tads4e,.no1- less than JOdays fromthe date-tltr notice is. mailed la
<br />~prrower, by which such breacA morf.De ctrred; and IAy ghat far7ure'#o cure :such breach:on or -before the ilate specified
<br />is fhe aWicc gray resah in accektatioa of the. sums seemed 6y: this Decd of. Trust and:sale of fhe Properly. Thenoticc
<br />vino farther inform Morro wee of 'the ri`hl !o' eeimlate: after xcrlerafion sad [he rkgbt.M briery[ a..courtacfinn to asst rl
<br />Ibe ww-es6teacc of a defaah or am ofberdrfensr of. 6orrewrr 1oacalerafion ~nd sake. ]f !he'.breach is nor cured
<br />a or before the dare specified is the notice. Ixndec at Leoder'w option may declarraall of. the snms soured by thu Deed
<br />of Trott to be iwtedWely due and payable srithant twfhet'demartd.and:may invoke the power of sake and any.. other remedies
<br />prwitted by applicable law. Lender shall lsc entitled to collect all reasaaalikcasts and ezpertses kncurred kn..putsuinQ the:
<br />rernedita preyakd in this paraerap6 tB, inelodirrR, hot nottimited to, rrasonabk: attosney`s'tces.
<br />tf the power of sale rs inxokcd, Trustee shall.. record a,noticr otdefautt in each county in whichthe Property or same
<br />part thereof is located and shalt man copies of su^h notice in'tbemantcer prescribed by applicable law stn Borrors•er and to. the
<br />o111er petwas prescribedby applicable law. Aftertbe lapse>of suciifime as maybe reyuuedby applicablelasr. Trustee shall.
<br />Give public notke m sole to the person aad io . the. manner prescribed. by.. applicable law. ?rustee,' .without demand nn
<br />iorrowzr, shah sell the Prnyem at public auctkonto tftehiRbest bidders! the lime and pkace::rnd undertheterms desiYnatcd
<br />is Ibe rroricc e( sale is one or more psrceh and in snch:order es Trtntee may determine.. 7rwtee may: pasiponc sal of all
<br />oc any parcel of the Property br public annooucemenl alttie 6me. amt place ofany prevkousts ~heduied laic. Lender yr
<br />Lenders desgaet may pure Katie the Pruprrt~. at any'sak.
<br />l: pun receipt of pay~nenl of the price tfid,.Tnrslre shaB'detiverto the porehas+er.TrnsJec'. deed sOnwrying the Yropcrt~
<br />seta. The recrtal- in ehe TrosYee's dyed shall ire prima facie e~ideoce o4 tl:e truth of'ttic statemertc made therein. "Trustee
<br />shah apply the yruceeds of the sal in the lollowipyy orL~((a~1 toad rrasonvblr co~AS.and expenses of the sate, including, but
<br />out limited to, Truslet's fe--~ ok trot inure than ~.i 1 Oi I % otShc grow. sake preec, reasonable attorney's fees and costs of
<br />tHN eridocee: (b) to a$ wars srcnred by this Deed n( Trmt; and Ic1 the excess. if any, to the perwn or persons tet:ally entitled
<br />t4Mo.
<br />19. 1Sorrowrr s RiRh! In Ha rotate. t th,t ,r ihi, l.,a r ~ ~ c ~~ r u ~ ~ ~b 1 by hi D i i i.
<br />Bairrew-rr s~s't ha c ~`t rigfi ta•e ny _r.~c~ ~ n s '>E~u i ~` r ~1~ 'f ~ ~~i ~ 1 n
<br />any time pelt r fu ,}it ~.:. ;e;r !:. _ ~,.r 'I ; ih,. hi'h 3a 1 :.R r-: ,a~ .ic <~: r ~.,~: s , .... t.~ pre I ,_ . ~; i. - .'.
<br />in this I3c<a ,,f Tn.~ ~-, (u? eat v ; ~ a i~odgr.._, t c.tJc r.~ ,. rh!> I'h _d .rf 7r~ .,'~ 13 i '.cn,;u ! :.. ci, at :~ : +~,il:f
<br />be Lhen der. +.~~dc, ttvs ixc:` , -, r a±. ;u~ Lute ..nJ ~ntcs ,_. t 7-r:, 3:..- :~ ~ f. I : u~r n i-,,:
<br />(A1 Dorn x,: cuc~- a[~ 5 _. ~~ ;, c~thcr c "var. cti~: gar , ,.. ~ Chci ~ir r, •' :
<br />-.,
<br />;') 8.+r .,rt a~ -., _ih-e rs pc rs:.. ,rrt1 h. a ~;d n±'r. .P.c ~-.sn~, _ _. ~ I.
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<br />Borrour ~, ~ ... ~., '..~ .:•, o7v_<i ,.f ~t~r .~ ~.' -.~ •r.p I f t -
<br />ncrert. 1 ~,._~. :~. x !in: ~ n.~b?r:.a{{t r e t i ;~r. ,.:: i,' ~ ,rhL
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