|
<br />~~~- ~i~~4520
<br />9. Coademaation. The pra:eeJs of any award nr claim fur damages, detect or cortxquential, in connection with any
<br />cnmSemtsationor other taking of the Property, or pan dr_reof. er for conveyance in lieu of condemnation, are hereby assigned
<br />need shalt tie paid to L.ertder-
<br />in the event of a rota[ taking of the Properly. the proceeds shall tx applied to the sums secured by-this Deed of Trust,
<br />with the excess, if any, paid to Borrower. In the evem of a partial eking of the Property, unless Borrower and Lender
<br />otherwise agree in wrung, there shall he applied to the sums secured by the Decd of Trust such proportion of the proceeds
<br />as is equal to that proponion which the amount of the sums secured by this Deed of Trust immediately prior to the date of
<br />taking bears to [he fair rnarkst raiue of the Property immrdaatdy prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower
<br />It the Property is abandoned by Burrower, nr if, after notice by Lender to Borrower that the condemnor oRers to make
<br />an award or settle a claim for damage, BorrowYr fads to respcand to Lender within t0 days after the date such notice is
<br />mailed,. Lender is authorized to eolfeei and apply the proceeds, at Lender's option, either to restontion or repair of the
<br />Property or to the sums secured by this Deed of Trust.
<br />Lntesa [.ender and Borrower othervr~se agree m wnnng, any suchrpplication of proceedsi to principal shall not extend
<br />or postptsne the due Jate of the monthly mstalimcnts referred to in paragraphs t and 2 hereof or change the arrtount of
<br />such instaUmtnts.
<br />!g. Borrower Not Released. Extension of the unu tar payment or modification of amortuatiort of the sums secured
<br />by ibis Deed of 77ust granted by Lendet to any succeswr in :ntcrat of Borrower shat( oat operate to release, in any manner,
<br />the liability of tfu ungmal Borrower and Bornwer's successors in interest. Lender ,half not bt required to commtnce
<br />proceedings against such successor or rtiuu to extend rmr ;"or payment nr aherwise modify amortization of the sums
<br />secured by this Dee<I of "trust by reason ut any Jrmanct made h} the origmat Borrower and Botrnwtr's successors in interest.
<br />f i. ~Foebraranee by Ixnder tint a s9aiver. Ass i.>r bearanre by Lender :n exercising an}• nghr or remedy hereunder, or
<br />otherwise afforded by appbcahfc law_ shall nut ixt ., w:asrr of or preclude the exereiu of any such right or remedy
<br />ilia presruremcm nt msurancc or the payment ,d rasa or Doerr bens or charges b} Lender shaft not tae a waiver of Lender's
<br />right to auderair the maturity ai the mdebtcJnrss ,rrurcd hs this Deed nt Trust
<br />12. Remedies Cumnlative_ Ali rcmcdxs prov.Jrd :n the Lied of Trust are Jaunt[ anJ cumulative to any other right
<br />or remedy under alit, I~r..r of °Frust or adurded hs taw :~r cquJp, next rnav tx exeretsed concurrently, independently nr
<br />wccessively.
<br />I3. Saecesvors aad A~igas Boaml; year and Sr. real liability; Capltoos. The <ovtnanls and agreements herein
<br />contained shalt hand, and [hc rights hereunder shall :purr to. the respective sucenwrs and asvgns of Lender and Bonawtr.
<br />subject to the pnronions of paragraph F? hereat 4i! ~ :r tenets ^ad agreements of Borrower shag lac tome and several.
<br />The captusns and headings cf the paraxraptn of th:. f%:eu .•; fruu are (or eam•ementt ooh anJ are ern ro be used to
<br />interpret or depot the provisions hertot
<br />I3, Nratire. 1=..urpt for any nou.;c reyuued under +pphcahlc taw to tx given m another manner, fa) any nonce to
<br />Borrower pmvidtd for in this Decd at 7 rust shall tx gavcn by moping such nonce 6y ctnitied mad addressed to Borrower at
<br />the Property Address ur at such Wher addrcxx :n Borrower may designate by notice to l.tnder as provided herein and
<br />th) any ounce u+ t ender shalt he given by <crtatiad maJ, rewrn receipt regsaested, to Lender's address stated herein or to
<br />such other address ax Lcndcr may dnagnatr by nnhcc w Burrower as provided heron. Any notice proviskd for to this
<br />tXcd of '1'?use .,half tx desnxd to hose txua );:van ua Borrower nr Lender when givrn w the meaner designated herein.
<br />I5. Uniform i?red at Trent; Gorrrnierg t.aw: tirserabifiiy. Ibis form of deed of oust combines uniform covsnants for
<br />nmtonal uu and non-umtorm covenants with h:nncd variations by )urisdretron to cotxutute a uniform ,treaty ,nrlrtttnem
<br />«svenng real property- Thu [xed of -f"rust shall tsc gnvernrJ h} the law of the furrsdictwn rn which the Property a located
<br />In the evrnt that any provuiun w rlaaaxc of the lheJ tit Trust or the tr`ote conflicts wuh applicable law. such conflict shall
<br />nW affect other provavum tit this DeeJ .cf Truxt nr the Nnte which tin !ae green effect wnlxaut the mnflicttng provatan.
<br />and to ihrx rod the pravrsions ul the Dted nt 'Freer anJ the tiote arc deeltrt~ to be severable.
<br />ti. Borrower's copy. Borrower xhatt !x ttunashed a coniarmcd crspy a[ the tr!ote and of this [kid of Trust at the time
<br />of extcutinn nr alter rrcordauon hereof.
<br />tT. ~Franla tit the Mruperty: Araumpt[on. Si all r+r ant pan of the Properly sir an interest therein as sold ar transferred
<br />by lyurrtswer without lxndu's prior wnnnn con,rnt, cs<iudutg ra} the creaUOn of a Gen or cncumbr:race xubordinate to
<br />this flied of Trent, i bi the crcwon of a purchaar nxax} ses erne} rnterest for household applunces, tc 1 a transfer by devise,
<br />descent or by nperanon of !aw uprsa the death of a ;rem t<nant sx idf the grant of any (eastlwb iatercst of three years of leas
<br />not contatmng an option io purchase, t ender mas~.:rt f teepee s uyrtun, declare off the sWtu secured ray this Deed of Trust to Ile
<br />: mrnealratelY der and pa}ahle. Lerxter xtsalt host wa,rrJ aaxh optusn to accelerate iF, ptmr to flee sale ar transfer, Lender
<br />amt the petwn to whom the Property is w bt wid sir :ransic++ w leach agtsctwetat rn wnnng that the credo o{ such person
<br />:s satafacrocv to ixrxlrr and that the rmereat pa}aoir tin fix sums ,front by this Died of "Trust shaft ise at such rate as
<br />I.enakr shall ~rra{uear tf t ender has wasvrd the opteun to aceritratt provided in this paragraph I7, sad if Borrowerk successor
<br />,:; interest has excLweal a wruten aasunapt xsa agiesnxnt ar.cptcJ .a wnnng by Lender, i.ender shall rekaxe Borrower from
<br />ail otalrgaiwm under this raced of Trent and the Fv<xr
<br />If LcnJSr rxtr rsta ,etch nptaa+s to a.cdrratr, t ender 4..~f o-nad Borrower nonce of aca:elention en aecardartce wuh
<br />panRraph f a hercM. Such netxe shalt prmsdc a prrnaJ rrt a;,a fcax than 3R dari from the tenet the notice is marled within
<br />wharh Borrower inns isay the wasx slrrtarN Jur_ Ii Burrower tads w pay xuch sterna prone to the eapuation u( such period.
<br />Lemke ma}, wrthWU further nsstice ar dcanarxf ws Burruwtr. ,n.rJ.e any remedies permuted by paragraph IB hereoL
<br />Neu.-Unuuast ~ovetrxrrrs. Bwrawer and Leraaka tuntxt <asvemnt and agrse as folkwvs_
<br />ig. Acrekrasiw; Remedies. Eacepr s prraridpi is patrritaapb 17 beseaf, [[pact 8arrawea'a breach of aaX carrrwaN ar
<br />aigreemsrii of Batrarwer ra fhb 11tad tit lust, ira€WdiaR the rrerreuata t: pwy when doe ttttX same aavwre/ by fhb Deed
<br />d Ttwsl. I.aader prpr w accekratiw shpt twit notice to Burrower tr pnrirlN u pwraReaph 14 besot spw•ifyNeg: (t the
<br />hteach: +21 [tat artiw regaued to care awh breach; [.1) a date, aw ks Haar 30 ttayt Ito, Ibt tali the twlke b twhilsd fa
<br />Hwrawa, hr whfcp sari beach mtaut hr cured; awe Nl elite eratlare to awe s+scb btaaeM aw x before the dMe tpeeihrf
<br />is the notice may reaaB in arcelermwa sal the war sowed by Ilrila Dotd of TraM cud reek d /-e PtropeAX. TMe aotire
<br />ahaB farther iwfars Borrower nt the right Iw reiaatatt after accdeiariaw acct the r$ht N brbg a cower aetlaa to amert
<br />the aww-saixftace of a drfaaU w nay when defense of Berrawtx !a acceleraliow oat sale. It the breach b woe creed
<br />ran or heftare ilia date specified is the erotic:. (.,ender w !.eater'. aptiow soy tkeWe aB d t-e swsr stewed 1X rhb Otted
<br />d'Frwt w be ittaaasditatriy dot aad MX+abk withwal tonher drraawt awe agX bvobe ilia pawn of sole treed ry wba rerweiies
<br />penuittef bX apptiratue law. I..eader stroll bt ewtitkd N rutkc/ aY reaearabM eaW awe eapewts iwcwnei a pwtattia~ the
<br />remedies provided w this parsytrapb lR. incfadirgt. !wt ww lisfted to, rearaatble aYlwrwey'a tarn,
<br />«the power ref sale i+c inalted, Trertee ahaY record a aatiee of tetawM fw etrab cwaH iw w-kb the Fa+pattX a atasae
<br />pr11 thereof ix laaalcd aad xha11 sail caparx of sash watie'e is elte mawwn pnrsctibet b! applieabk law la iartawer neap a the
<br />whet ysrwaa prsyerxbed 4r appi.cahk law_ ,titer the taper o/ var- list s may 6e rgrkM fry appY€ahle Law, Trwwre ahaB
<br />give pabtic warier d oak to the persows aad in ttu meanest pas+€riiatd Yy applicable taw. Trwtser wNhoW deraeud rm
<br />4mrawer, shaB>rU the Prvprny >W pabtir aaastwa w ebe taiYhest hiider Y t-t rise card place oat reeler the tarot deeigttated
<br />is the aralact wt sale iw ,tae sir roars pwcth and w soli wdrr as 7twHt waaX deetrtairae• Trrrpe way paNpawe oak ei aY
<br />rx asy paacrl ad star Prsprrty ay PsWrc aapwaartaxat >r the tear aad ~ d nay pnviaaaJy aa-bedakd sale, Dewier a
<br />i<aRer % devraaee away pwsnare the X'raptrly 4 eery volt.
<br />1'~axa ~~ vS poisatwt ~ the ~r bd.::ostee shall ~vsr to the pwrhaatr Ttaaaute'x died reaaveys,__ --,t Propene
<br />soft. '1 he recce w the.~Srwatre`s dead shrdi bt prrau fault tsiderce d the traits at the statstrawaa rode the>saa. Teaseee
<br />rhaii ppaly the prracttds tit rtw sale u the lirltawsaa wrier: tai ra off rsaaonabfs carts awd tapetates *t the xde, soclradirtg< liar
<br />not drafted Ma.'i rostra', furs W not wxrrc rhea .i: •~• of the Rra'o r:Ye price, reriaaabiie atlatMeey's tern oat took e!
<br />ne4 evideare; thl to art ,news arroret b this lhrb tit<Frasi;+atxf Iii tfae Herrin, ft awy, to the peeew « petsawa bgaAX eatMkl
<br />tbatlNa~. fMrrtawer'v RvgMt era RetrwRwe. *:Wwuhatandin; 1 rrsd€r"c a<settratsun of else sums xYUrrd by fh+s f3etd tit Treat.
<br />Btrtrnvrer staari tsavc tear r,gnt to have a;,y pr:>E-erdua)ts t+egura by f realer to entwc€ thtx tyttd of 1'n.rl ahscWeURued at
<br />arty trerw prove to ttsc-tar+a-r :o sw.ut of t:t ifs- fifth Jot tx.faxt ttw sale tit the Pro{.arty punuam to the puw€i of sale ctM[s+ned
<br />.a ;lira Ocs~d of Fra..t ru e,.s tr,n> u3 a at=rigtrxvr9 caatcrauag [fur f?rrsi o! That d tat tyur tower pa}s l ender a!t soots whauh wnaJd
<br />tar then dart u+adcr err+a f kc.t +.f rsaaac, else '<..tr and rx+'ss 4<t,r nag foot Ad. atuts, of xvy, hart nu a.~a~dcratwn nrc~ated.
<br />+Fr) Bars;*wrr ..? eft hrcaiars tit .us atkri <r+vrnarus or agrremerus r>F Barruwrr suntaancd an tiara 1?erd of i-rust'.
<br />fc1 Na.o e:rwc; pa}x a8! ,rar~natrte rspsa.xrs -aw;ue red by 1 r:sJrr gnat Iraaxuar W cnfaarertrg the cuvenamx aad agresrtarnu tai
<br />flarsu.rr s<,wra:r.<,# roc ah,a i#a~sd sd f to+t ar»I err rr+t.>rc,rac t r:xter's and Trarsrer's arensdaex as prosrdsd m paragraph tit
<br />hareat srx,#saLeaa. t±ara rxa ',nrurl is>, rs xsu.aatt nears ors + a:aJ tJt lkaarararrer take north +atxxa as t.r+xkr may r€asw+aF++y
<br />rrjuare r,a err+urx ilsai tM: ?.s r~ u:r roan tkrri ,~r [rasa i ru:#rr~ . ,a.rertst +n rhr Pr upeny .rut ttr.rrnwer's .rhlliRUwn to pa}
<br />
|