|
<br />9. Condemnation. The proceeds of any award or claim tar damages, direct or consequential. in connection with arq•
<br />,ondemnation or other taking of the Property, or part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall he paid eo Ixader. -
<br />In the event of a total taking of the Property, the proceeds shalt be apptizd to the sums secured ny this Deed of Trust, -
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, anless Borrower and Gender
<br />odterwise agree in writing, there shall he applied to tF.e sums secured by this Deed of Tntst such proportion-of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Deed of Trust immediately prier to the date of
<br />taking tzars to the fait market value of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If [he Property is abandoned by Borrower, or it, after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle x claim fnr damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration er repair-of-the
<br />Property or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application c( proceeds to principal shall not extend -
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />I0. Borrower Not Released. Extension of the time for payment-or modification of amortization of the sums secured
<br />by this Deed of Tnrst granted by Lender to :wy successor in interest o[ Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shalt not be required to commence
<br />proceed(ngs against such successor or refuse [o extend time far payment or niherwisz modify :mwrtization of the sums _
<br />secured hp this Deed of Trust by reason of any dzmand made by the original Borrower attd Borrower's successors in irterest.
<br />11. Fm-bearanee b}' lender Nol a R'aiver. Any forbearance by Lender in cxemising any right or remedy hereunder, or
<br />otherwise affordzd by applicable law, shall not he a waiver of nr preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or ether liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured bv' this Deed of Trust.
<br />12. Remedies Cumulative. All remedies provided in this Decd of Trust are distinct and cumulative is any other right
<br />or remedy under this Dced of Trust or afforded by law or equity, and may be exercised concurrently, independently or
<br />successively. - - - -
<br />13. Succeswrs and Aaigtt5 Bound; Joint and Several Liability; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and. Borrower.
<br />subject to the provisions of paragrapfi t7 hereof. All covenants sad agreements of Borrower shall be joint and seyeraL.
<br />The captions and headings of the paragraphs of [his Deed of Trust are [or convenience only and are not to he used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable !aw to he given in another manner, (aJ any notice to
<br />Borrower provided For in this Decd of Trust shall be given by mailing such notice by cenitied mail addressed [o Borrower at
<br />the Property Address or at such other address as Borrower may design;uc by notice to Linder as provided herein, and
<br />(b) any notice to Lender shall he given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such other address v Lender may designate by notice to Borrower as provided hewn. Any notice provided for in this
<br />Deed of Trust shat! he deemed to have been given to Borrower or Lender when given in the- manner designated herein.
<br />15. Uniform Deed of Trust; Governing Law; Severubility. '7"his term ut deed of trust combines uniform covenants for
<br />national use and nun-uniform covenants with limited variations b} jurisdiction to constitute a uniform security instrument
<br />covering real property. This Decd of Trust shall he governed by [he law of the jurisdiction in which the Property is located.
<br />6t the event that any provision or clause of this Deed of Trust or the Nuts cvnilicts with applicable taw, Bach conflict shall
<br />not affect ether provisions of this Deed of 'frost or the Note which can be given elfect avi[hout the conflicting provision.
<br />and in this end the provisions of the Deed of Trust and rho No;c are aicclared to he severatale.
<br />L6. Borrower's Copy. $orrower shalt be fu_ rnished a conformed copy of [he Note :ntd of this Dced of Trust at the time
<br />of execution or after recordation hereof,
<br />17. Transfer of [fie Property; Assumption. il" all or :rny pan of the Proper[}• or an intense thzrein is sold or transferred
<br />by Borrower without Lead+:r's prior written consent, c~:;lud:•^.e tat she srca.ien of a !ten i,r a-ccumh-once subordinate to
<br />this 1?ced of Trust, (b) the creation of a purchnse nnate} saruriq• interest [or household appliunczs, tcl a transfer by devise,
<br />desru«t or by operuion of Inw upon the death of a j~+irai tenant or - -
<br />' Lender m n t I ender tp8o r ierlare alt the ~ums s cur d h' t s Dc,d of Trust to 6~
<br />nmed'at tv du and p v ble. Lender -hall hav -a ~~d -u -h npti n f ~fGy'eir3raie.aPn °i'ktST"1s; r [rooster tender
<br />vtu the >.+cr un tr venom the Pret>ett5 i- to to s td or transicrmd rt~r h agr~ot~ ttriFtt°!t~ i$a[ the ed t iI s«' h ~rsmt
<br />s t isftc.tort ~. 1 ndy rid i!tt.t th;. t.ttcros, pa:ah!r un the soots s ur~l r} t}7ffi f~)a~1+~tsF-lVt#:N'gFfdl~ h°C tt - t I. ,eta, is
<br />_..d_ sh- h . ~ •est. i-) axe has waived th••'t•t,!ion to acedcra!c ,... ---idr,t~Ti^ ,h.+,. a...t„a, t. ! 1....75 .. Bvr.ow~et ; ;..:.ssor
<br />.n rote-rest non a.+oc~nzd ,a w-ritien sssumptioa at,reerfient acreptcd m venting h}= Lrndrt, i xndet sitati rc tease Borrower from
<br />alt .,btig;,t :,r--, rr;cter t =. i)cril e+f Trtnt cod th - t.te.
<br />II Lr~ndm c+errisess wc$ option ¢, accelerate, Y.e«der sh:di moil Borrow cr notice at ac.cloruuun m acc'ordana:u whit
<br />paragnt ph ly hereof. ~SUrir nuuce sb:dl nrov;de a perlud of net tr>a than +.I da}> irrvn fhe J:uc !hc noose h mailed within
<br />which Rot n>w e+ a,a} pa} the wum Jrciamd ~ue_ it Ilon~uwer t;uln t„ pa} _.udt sane, p, iqr to !bz c+puatiun a=L' such pitied,
<br />Ltndei may. without tunhzr uoticc or denwud eu 6<,trrow er, ,ns our :;ny ieme.iirs ix•r;nlueJ !,+ p,,ragra ph ! 4 }terecf.
<br />Von-L NII'6K,v, llrrt-Ravi,. Borrow-cr ::rid Lender turthet c ~: cn.+m .,rid agree a, talh,aa:
<br />IS. .lccrirrafi«rr; Rc«u•dirs. fixeepf a. prnyideri in paragraph f7 hceenf, npmt Borrowers breach of env covenant or
<br />agreement of Borrow rr in tilt Urcd of 'Crush including the roc enacts to pay when due any xmns .ecured by this Deed
<br />of Trust, Lrndrr prior to aectkrufiun .,hull ueuil uoticc to Borcuwer u, pen itlyd in puru);rapit SJ hereof ,pecify6tg: (f) the
<br />breach; Rj the action rryuered to cure such hreach; l3) a date, nut IeV than 3U drays horn ihr dote the notice i+ a,allyd w
<br />Borrower, 64 which su.h brrxc6 untn!'be cured; and fJ) Ibai 1•ailurr to cure s«rh hn•ach uu ur Seiner for dote sprrifirrl
<br />bt the notice ntay n•sutf in accetrrution of the sum. secured h} this Used of '1-nt,t and sale s.f the Yropcrl}, l~hr uoticc
<br />:,31a11 furtltmr inform f)ox new rr ;;f Ibe right ic: reiasWte at ter zn'rrtenttinrs a,-nit ihz r'ti;hi to Stint; a co«ri aa-finn fn avert
<br />the nuu•rsislznre of a drf:udi ur um other defense oC Borruwcr to arcrteration alai +'alr. iP the larcadr i, out eared
<br />un ur baforu the date .pccihrd in the notice, Leader at l.endrr+ uplien may declare all of the +unts .,stored by this Uerd
<br />o€ Tntd to be immediately due and )avyabtc without Curtner deumud and rimy inaoke the. power «f sale and ant other rentodits
<br />permitted b} applicubte law, Lrndcr -,hull he trended m called all tea+unu6lc cu,la and capcruca' incurred iu puaoiuk the
<br />remenlitK pun-idctl in Ihh paragraph Itt, irrr'inding, but not llutited tu, rea+ontrirle atbrrrtry', fet'J.
<br />If iho pmscr of Hale is invoked. 7`nutre shalt recant a mttice tsf del'anN in each count} in wbir6 ihr I'ruprrty m uune
<br />part IhvreuC is located oriel-+ha11 ntait copies o[ surly notfce in the uuumer press ribed try nplrlie;tblr ims ro ttorruwer crud to the
<br />otbnr pcrs«m precrilrrrt h} applicable taw. ,!(err the taper of ,:rrit 1{tur as m:q he required h+ uppticuhic taw, Irttstec sly«li
<br />give public notice «F sale to the persona an+_7 Itr the n7anasr p€ssctihed h} 4pptlcal+I~ law, Tru-veer, ±: ilhnra eierrmud ;€u
<br />Burrow rr, shali+cii ihr Prupcrtc ni public euatiun to the bights[ 4(ddcr of Ihr time :uul }rhue uud uudu~ the tout, dcsignnicd
<br />iu Ihr rmticr uE sale in one u: mare parcels and in such order as i'ntstez :nay .ic~icrud»c, t'rustrr trot} pu;gronc sn;r u( rill
<br />rr any parcel of tier f'mlacrt} ho ynrblie snnourrrmeat ut the time uud place of ant previuusl} u9te+lulyd ,:de. lsndrr ur
<br />l.eutlein drsigarr toe}• partiru-,c the }'nyce rt }- at any +ale.
<br />i!pmr reczipf of pa}mint of for price bid, 'fnrstc•e .hail dcii+er m ttre pu nita+cr 77nstrc + deed cun+c}trig the Proper[}
<br />sold, The reeiuds in the l-nr Yre'n decd ,hall be prima fxrir c+idcucr of ihr Uulb of the +tafenrruh crude titerriu. Troster
<br />,haN apply the pnacrett+ «f the udr in ihr lollowipy~ order: lu) •to all era unable rust, and eypeuses of the` side. inctualinf;, hul
<br />«ot limited fu, "Lrtrsfct s fees of no# more tbmt s-~ 7 61" 11 of the Frra~ -.tde prier, rravunaktlr, aline cry`, ere, :md costs ut
<br />title es-idrua•; tbi t« all Bums saatrrd b} fhit I)evd of t-nn4 and te) ihr excus, if an+, to t7w pcnou ur prr-sorm legally eulilird
<br />ihrmto.
<br />I4. Btrrruwir's Rfg)rt to Reinstate. !~uisutl:,tandutg i ender', ,alt rlci arse .,1 Ihr >um. -.~ .ad hs teas 1'yccd ri l n,.:.
<br />13at run cr shall has'v the iu„ht b, ha+c aria pro eodntt,, ha=gun hs tc~da to eel ur.c the i)rvd e, Ihist + ~„urinurJ .
<br />any umc pr;ar to a[w• a•.n tier iv era ur sd lu dtc Gtil, dot 6ufo,c the: sets of the Ropui l+ putnu.ou 1,~ the peg.+:'r ot~sak' amLu nrJ
<br />ut thu I')rcd rat .{ t use .,r (ul rmt }~ of a u>dumx~nt enl'or.ing thi. f?reel of 'I rust if; , n ~ Run overt pa„ I :~mic, ..I! >anm w 6,ah w oui.l
<br />he: rhea aloe c,ndvr elec. 1)ert! , . Tt . :hc Ne4a ::rid ae.te, + : u~..,g hutur; :yd -: .• su;, '...: ~•: ::ki.~t,o, ..-
<br />.hS Bu; t,sss arc rate. :dI ;+rra+ha: ot~.u:y other . a,ams or uRnamcnh of lRan uw ct „fnr.,wed ~~s the thed „[ Tra7.t
<br />et &nt-, , p:r;s ,,i1 ~ ,abls e pensas ii ~urrrd ha hcndat a•td 1raxec cntoi~ ng~ Lr .,- ,_.,, .d :c:+•_rnEnt..,r
<br />u -t neat i- #, s 17rrd „r trust ,a,.i ~ rnt,~rar;¢ ; =ukf ~ rid -f+,+- ,,ncas.t, s, cr,~s,+iuu .rt ¢r,ph I:+
<br />~~ ~, a
<br />• - -- -- -z.d t trust- t~ _ ... .. .. .. .. . .~u ., ,
<br />
|