|
<br />82---00518 ~-
<br />9. Caademnation. The proceeds of any award nr claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Properly, or part thereof, or for conveyance in Lieu of condemnation, are hereby assigned
<br />and shalt 6e paid to Lettder.
<br />fn the event of a total taking of iheProperty, the proceeds shall he applied to the sums secured by this Deed of Trust,
<br />with the excess, iF any. paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing; thzre chaff he applied to the sums secured by this Deed of Tmsrsuch proportion of the prrxeeds
<br />as is equal to that proportion which the amount of the sums secured by this Deed of Trust immediately prior to the date of
<br />taking bearsto the fair marketvafue of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower. -
<br />if'the Property i5 abandoned 6y Harrower, ar if, after notice by Lender to Borrower that the condemnorvfftrs to make
<br />an award or cattle a claim for damage, Borrower faits to respond to Lender within 30-days after the date such r;otice is
<br />mai(sd. Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Deed of Trust
<br />Unless fender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not sxtctid
<br />or postpone the due date of the monthly installments referred to in paragraphs land-3 hereof or change the amount of
<br />such i nstallments.
<br />10. Borrower Not Released. Extension of the time far payment or modification of amortization pf the sums secured
<br />ny this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrawer and Borrower's successors in interest. Lender shall not he required to commence
<br />praccedings against such wccessor or refuse to extend time far payment or otherwise modify arnorttzation: of- tFx sums
<br />secured by this Deed of Trust by reason of anv demand made by the original Borrower and Borrower's successors in interest.
<br />11. Forbesrattre by Ixader tioN a ltiaivee ,4ny forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise aHarded by applicable law, shall not be a waiver of car preclude the exercise of any such right or remedy.
<br />'the prtrcuremem of Insurance or the payment of taxes ar other liens or chargesby Lender shall not be a waiver of Lender s
<br />right to aca:elerace the maturity of the iadeMrdness secured by this Deed ai Trust.
<br />12. Remedies Cumulative. AIf remedies prnvraied in this Deed of Tnlst are distinct and cumulative to any other right
<br />ar remedy under this Peed of Trust or aBorded 6y taw or equity, and may he exercised concurrently, independently or
<br />successively.
<br />13. Successors artd Assi;ns Bound; Jant and Several LiabilHyg Captions. Tht covenants and agreements herein
<br />con[amtd -sha?I hand, and tha rights hereunder chaff inure a+, the respective successors and assigns of Lender and Borrower,
<br />subject m the prm•ismns of paragraph 17 hereit. Ali covenants and agreements of Borrawer shall he joint and several.
<br />The captions and hradmgs of the paragraphs of chic Deed of Trust ore for convenience only and are not to 6e ^sed- to
<br />interpret or define the provisions ttereaf.
<br />14. Notice. -Fixccpt Far any nonce regwred under applicable taw to be given in another manner, (a) any notice-to
<br />Borrawer provided for m this Deed of Trust shad Rc given ho mailing such notice try certified mail addressed to Borrower at
<br />the Property Address ar a[ such other address as Borrawer may designate by nntitt to Lender as provided herein; and
<br />r hj anv nonce t.+ Lender shall he given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate by nonce to Borrower as provided heroin. Any -notice provided for in this
<br />I1eed cat Trust shalt he deemed io have been glvrn to Harrower or Lender when given in the manner designated herein.
<br />t5. t?niform Dyed of 3'rusC Governing Law; ,y'tr-cnbility. This form of deed of trust combines uniform coJenantsFor
<br />nauonai use u~rd non-uniform covenants wuh limned vanxt:ons by jurisdiction to constitute a uniform security instrument
<br /><ovenng real pro(xrty this Pecd at Trust shalt tx governed h~~ the law of the jurisdiction in which the-Property is-located.
<br />!n :he cveut that azss~ provision or etause at :his flied of Trust nr the Notr conflicts with applicable-law, such conflict shall
<br />nut aticct other prov~sians of ilia Dees of -:gust car the Note which can he given stfeeL without the conflicting provision.
<br />and to :hu cud the pnrnswns cat the Deed of Trust anJ the tilde are Jttlared to be stverablt.
<br />t ti, Borrowers Copy. Borrower shat; Re t.rrulshed a conformed copy of the Note sod of this heed of "Trost at the lime
<br />~+f execution car abet rect?rdntson hercot-
<br />t7. I'raroler of the Property: ;issumptlon. It ati car any part nt the Property car an interest therein is sold or transferred
<br />by Barrc~wror wnh.em Lruder's prior wrinrn consent. rscludrng tat tht creation et a lien car encunt6ranee subordinate to
<br />th+s I)reJ of Tout, r `') the crrauon of a purchase nx+ncy seaurity interest kn honsehold appliances. (c) a Transfer by devise.
<br />dncrm or by uperannn a+f law upno the death oI a !amt tenant or i d 1 the gram of amy IcasehoW interest of thref years or less
<br />nor =:orta:nmg an opt+an to purchase, i_rnder Dray, at Lenderb apuon, declare all the sums secured h}' this Dted oLTrust to be
<br />unmed:atrrv due :urJ payah;c. !.ender shalt have waived such n}xion to accelerate if. prior to the sate or transfer, Lender
<br />and the person to wham [he Ymperry a t;t be sold nr transferred reach agreement in writing that the credit of such person
<br />re sausfac:orv :o t ender and that !hr interest payatsir can t.hr sums secured by This Detd of Trust shall br at such rate as
<br />Lender shun :rquest. If Lerdcr has warved the opton to aecricrate provided in this paragraph 17, and if Borrower's successor
<br />n ;merest has carcutrd a wrtren ussumpn~ou agratserrnt aecrpteJ :a wr:hng hy. Lender, Lender shall release Borrower from
<br />eii ohligaUarts under this DerJ ~+f f:-ttsi citxt th+; tiote.
<br />tt Lender cscnses sash o2uar, a;t a..~:z)rr,,tr. : rndet ~-', ;, maa Borrower notice of acctkraliun in accordance with
<br />pa rapraph i-f itrrcur Such ^w:re shat: ;zrvudr a pcrutd „t :nu less ;lion 36 days from the Jate the notice is mailed within
<br />which Borrawer :ran pay the soma deciurrJ due. if Bornrwar fails ru pay such sums prior is the expiration of such pedal.
<br />(.ender con+, wuhotu unhcr nouec =+~ .ie::ram::m HnrrVwar, ~r;vui,r any rerncdirs permitted by paragraph Ig hereof.
<br />Nuv.t-emu oust itrvt.v,a,v is Horr ewer ae:i Linda 'urthcr covenant and agree as follows.
<br />Itf. Arcekratiun; Rrmrofien. Fxrept as pr<rvioled in paragraph i7 herooi, upon Borrower's breach of any caverraot or
<br />rtgrremrnl of fturruwcr in this i)eed nM lrsnf, iacladinP fhc rorenanta to pay whtn dos aay sums secured 6y This std
<br />of Trust, Lradcr prior to aceekraiwn shall ma0 rwUCe to Barro»rr as provided in pictograph t4 hereof spectfybtg: (q the
<br />breach: 12> the action rcquurd m cure such 6rcactr; t31 a dais, not tees than 30 days from the dais the notice is mailed to
<br />Gam»rr, by »hich such brcaa-h mow br toted; and 141 That failrur to rare such breach on or before the dale speeili!!d
<br />in Ihr nWicr may table in arcelrnlion of the wrm secured by this Ustd of "frost and sale of the Property, !lie notice
<br />strait further inform 8orru»er of Me right to rciastate after acreltrafion amt the tight to bring a roust action Io asseA
<br />the nunanivtrncr of a drtaah car one other defense of Borrawer hr accelera[ioa and safe. If the breach is not cured
<br />can car before the date spec itied in the nutlet, lxrrdtr ai Jxnder's option may declare all of the Burns secured by this Decd
<br />of Trunt to 6e immediaely due and payable without forthtr demand and may inroke the power of soft and any other rcmoldks
<br />permitted by applicatrk {a». Lrnder oboe! be entitled to cullers aH rcasunabte costs and expenses incurred in pursuing the
<br />remedies pn.a idrd in thin parattraph Ig, including, RW cwt limited to, real,onabk attorney's ices.
<br />If the power of tale vs irts caked, Truster chat} record a nWtcr of default in each county in whkh the Property or same
<br />pout thereof is krcattd and nha{I mail topics cat sm~h mince in the maunsr prracribed by applicable taw to Borrawer aad to the
<br />of her perurov prrx~ribed by applicable !a+_ Aster the Iapx of curb time as may be reyWrcd by applicable law, 77rastee shall
<br />Kirc public twtice aK wit to the pcnnm and in the manner preuribed by applicable taw. Truste4 w;shout demand on
<br />Borro»cr, chaff sdi the Pruperfy at public aurlion to the highest bidder al the lime aad plate and under thr [trrrrS designated
<br />in the notice of sale in oar ar mart paratls and is such carder as "Truster may dercrmioe. Yeutter may postpone Bak aF all
<br />car any parcel cat tRr Properly by public aannunremenl at the time and purr cat any prrviuusly scheiluted salt. Lrndsr or
<br />I..<mler'c designee may purchase the Pwperty at any safe.
<br />t `pun rr+eiµt cat pay mint of the price bi4 Truster shaft deliver ro ttoc pun•huarr -Trunltc deed conveying the Property
<br />scald T?rr rr*_ hats izx !hr ? cos; rr'a deed ++Ral! tar prima licit evidence cat the troth of the sWlcmta4s made lhrrrirs. Truslore
<br />what! apply the prosaxds of the wk in iht ft Bow ittR carder: tat to WI rranunalllr rent anal txprnstn cat tRe sate, ineludirrg, trot
<br />owe linnued iu, Irastet'a tors W met more than " ~ "~ cal iht gn•+s tale prior, reiosunablr afrarnr a'a fern and coals of
<br />l -z
<br />title rviolenn.°e: Bbl to ail .ann !+ernrtd Rv thin fyced of ~t nett; and f<1 iht rxrrss, if aad, In the person or perwrns teRalf_y tnllflyd
<br />1Mtotto.
<br />la, Hrrrru»rr'e RtRht to Rrimtatc. ".nt w.ttutane4ng i;rder'+ :at:rn: i the .:ems . ;a+id tiv :iu. f)rrd ;+f 7~rnst.
<br />Bn•- .rr s. .! ii,rsr '__ -±ti.rt r'r tt-s+°v ~,~,y (x<kaccl rap. text:: vier :t, .-acv..,, ,1,n .krJ .ai fz:., _ tor.:reat at
<br />-.+ux , + L : - - „ rte. z . , ,,.e° t:f:fi ~,. ; t:-sc .r ale of 1?~i i',<qk. r*y :,ussu.cw q,~ vt+c po++r: a c : •r;leu+rd
<br />, r i4 ~ ; -
<br />>:h+s ik,.; - . _ u+..(' a a:it{,m: r; :et:.n~n}; •Ae.! p. rJ ail fx,,.r .i gas. (-. ;,ie- sdi a- n ... .: }, H„;;ta
<br />'+e =Trr-: rirs. ,m;fe - ;kr .~: fie:.:, Rr 'vote ._,.,~ _. .~__ nq l~z;agr a-; -nr t., ,• =rea._u +icutreJ.
<br />+,t Y+i,rt.,war h:, o. #,c. .. -nt- ,: err tin t.u -., i>rr•f sr 7•,:.t
<br />i {I ~_ s .- . .t._tr „ , - r.,M. , .tl , .:aFE, _-~ 'h: .. • ~x1 ~. nit lice ,
<br />~. ~., .
<br />n+s,. _._ _ ,~, tk cr ,-, -,_ „1P - ,. ~ -, ,fa a,. ~aYr..~ t ~
<br />a na~ c E.s, ... ..- .- - ,~ tt. ~. .--. ., ~ -r_f .. -,. .... ~.
<br />Asti s..~. r :r s ,a :-~ x , _ -af , .r ~ - e „P~ .,. ,_J -. , ~
<br />
|