|
4. Condemnation. The proceeds of uny award or claim for damages. dirca or eonsequentiai, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the even[ of a total taking of the Proceny, the proceeds shall be applied to the sums secured by [his Deed of Tevsr, -
<br />with the excess, if any, paid to Borrower. in the even[ of a paniai taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall he applied to the sums secured by this Deed of Trust such proponian of the proceeds -
<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 bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds -
<br />paid to Borrower. -
<br />If the Properly is abandoned by Borrower, or iF, aher notice by Lender to Borrower that the condemnor offers fo make ~ -'
<br />an award or settle a claim for 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 or repair of the
<br />Property or to the sums secured by this Deed of Trust.
<br />Unless lender and Borrower otherwise agree ir, writing, any such application of proceeds to principal shah not extend'
<br />or postpone the due date of the monthly installments referred to in paragraphs i and 2 hereof or change the amount of
<br />such installments.
<br />10. Barrawer Not Released. Extension of the time Cur payment or modilication of amortization of the sums secured'
<br />by this Dced of Trust granted by Lender to any successor in interest ul Borrower shall not operate to release, in any manner, '
<br />the liahiliiy of the original Borrower anal Borrowers successors in interest. lender shall not tin required to commente -
<br />prrxeedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sores -
<br />secured by this Deed of Trust by mason of nny demand made by the original Burrower and Borrower's successors in interest. -
<br />F 1. Fartxarnnce by Lender Not a Waiver. Any forbearance by Lender m exercising nny right or remedy hereunder, or
<br />otherwise atfa'ded 6y applicable law, shall not he a waiver of ur preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes ur~uther liens or charges by Lender shall not be a waiver of Lender's
<br />right <o accelerate the maturit}• of the indebtedness sccura,-d Eby this Deed of Trust. _
<br />iF. Remedies Cumulative. All remedies provided'inahis Dced of Trust are Distinct and cumulative to any ether right
<br />or remedy uadee this Deed of Truss ur aiiorded b}' la~ or equity, and may hr exercised concurrently, independently or '
<br />successively.
<br />i3. Successors and Assigns Bamrp; Joint and Several 1"iabilily; Captions. The covenants and agreements herein
<br />contained shat) bin), :end the rights hereandcr shall inure to, the resptcuve xrccevors and assigns o[ Lender and Borrower,
<br />subject to the provision of paragraph 17 hereof. AR covenants :utd ugreerncots of Borrower shat! he joint and several.
<br />The captions and headings of the paragraphs ui this UctJ of "Crust are for wnveneence onl}' and are not tp he used to
<br />interpret or define the provisiops hereof.
<br />14. Notice. Except for ahy noucr reywred unJcr apphcabh law to hr given m another manner, (a) any notice to
<br />Borrower provided for in this Deed of Trust shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may Designate by noun: to !..ender as provided herein, and
<br />(b) any notice to Lender shat) tie given by certifcd mail, return receipt reyucsted, to Lender's address stated herein or to
<br />such other address as Lender may Jcsignate by noucr ro Borrower as provided herein. .4ny np[ice provided for in this
<br />Deed of Trust shall be deemed to have been given m Borrower ar l.tnJer whin given in the manner designated herein.
<br />i5. UriEuem Ured of Trust; Gave: Wing Law; Srrerability. fhu form tit JteJ tit trust combines umfurm covenants for
<br />national use and non-uniform covenants with limited variations hp )unsdrctiuu to constitute a uniform security instrument
<br />covering real property. 'This Deed of Trust shall ht ~goctrned b}• they law of the lurisdicuon ua-which the Property is located.
<br />In the even[ that any provision ur clause of this DteJ of Trust or the "Note conflicts with upphcable law, such canfiict shall ,
<br />not affect other provisions of 'his Deed of Trust or the ~tJote which cap he grvcn eltect without the cmtllicting provision,
<br />and to this cnJ the provisions of the Deed o[ Trwt and the Note arc declared m he severable.
<br />Eb. Borrower's Capy. Borrower shalt he (unoshcd a conformed carry of the Note and u( this DeeJ tit `Cr u+t at the time
<br />of execution or after recordation hereof.
<br />i ~. Traester of the properly; Assumption. It ail or any pan of the Fsgperty ar an interest ihereln is sold or transferred
<br />by Borrower wuhout Lender's poor wnttcn eauurnt, excluding let the cNauun of a lien or encumbrance subordinate to
<br />this Decd tit Trust, (b) the treaume of a purchase money srcunry interest (or household applianeps, Ic) a transfer by devise,
<br />tat r by on a;f law span lath of a toms unatit a;r - - - -_
<br />u..,. tR ... -.
<br />-- t ender mav, at Landu's abn n Jtcly - II the sums secured ba chi D •td of Trust to bc:
<br />- ~t ta(; ~ rJa_ 11i : w+tJ such --pun n to ~t_ela:ete if, prim m tu= s_!_ s trans:er Le.._ .
<br />andrthe prrsue~to whum~theai'ropeny is eta br sold or rrans(rrreJ reach :agretmrm tit writing cleat the trodn oC such presou
<br />- _~=lacy ru i_._:oor.r and that t. P intcres payable t... net sums aeeured hY )cis Dee') uC 'rgtst sl:ati ? _ ... :d: rate a_
<br />l+xnder shall reyuea t. IC Lender has waived dte option to uccelcrutr proviJsa! iu Ihis paragraph 17, and iC Burry.+~er's successor
<br />m interest has exen!teJ wnRat assurnpuun agreemrm accepts) m aa~nung by Lender, Lender sha!I wlease Borrower from
<br />all obligations under this Dart of !'rust .tied the Note -
<br />tf Lender exererses such option to acaclrrn0.•. LtnJrr shall mad Borrower uuucr of accelemuun m accordance wish
<br />paragraph 14 hereof. Such nonce shall provide a prnoJ tit not leas than iu Juys Irum the date the nonce is mailed within
<br />which Bornnver nrrY Puy the sums dechunJ due. It liorruwu Luls m pay >ueh soon pour ^i the axpirauou of such prnuJ.
<br />Lender may, wnhoui further rwucr ur JemanJ tin Rurru:rer, uwote tin) rtr,;cdits hcnuittcJ by paragraph t 8 hsreuf.
<br />NuN-UNUtaaee CuveN.+Nn Borrower and LmtJer lusher aovrn.uu unJ agree do tollnws.
<br />78. Arederutima; ReorrJie+. 1•:xcrpi us provided in paragraph 17 hereof, upon ttarrower's breach of mty covenant or
<br />agreement tit BUrrUWC( in Ihr+ Deed of Tnr+i, including Ihr covenants Iu pay when due uny sums secured by this Ured
<br />of 'Frost, Ixndre prior to urccleration shall mail nailer to Borru+ver us pnnided in paragraph 14 hereof specifying: I!) ihr
<br />hrraclr; i=) Utc action required iu cure such hrrucit; l3) a date, na Ica than .lU days [rum the date Ihr notice is mailed io
<br />Borrower, by which such breach truest br cure); and IJ) tlmi failure to cure such hreudr on or before ihr date sprcilied
<br />in the uoticr uwy result in accrleraltmr of the sinus secured by this Uecd of Trost and sale of the Property. 'Ihr nodcc
<br />shall further iutann liorruwer tit ihr right to reinsluie afla•r ua reirraliun and Ihr rigbt to bring u court nctiou Iq a.+srrt
<br />flee nma•rxisleuce of n detauit ur nny other defense ui Burrower iu aecrirrutiuu mrd aalr. If Ihr brrua•h is nut cure)
<br />an ce taclaee the riaie +preihrd in flee notice, 1.endcr tti S.craJrYs option may Jeriun• ufl tit She sums x•currJ by ihr.+ aired
<br />ut'1'rust to br iinmttiiata•iy due and paynidr +rPohoul turifirr drnrnnd and uaay iuv oke the pus+cr ui sale and any other remedies
<br />prrmitird by applicable law. Lander shall be cutidrd iu cugect oil nuaunabie Boats uud vxprnacs incurred in pursuing the
<br />remedies prw'idet! in Ihis puragrayh ltl, including, but uoi limited w, rt:nunaWe :eitornry's freq.
<br />It the power tit sole is invoked. "I'rnstrr shall rerun( a notice" ui defnuh in each county in which ihr F'roprrfy or suttee
<br />purl Ihrreut is !orated aura atraif neuii copies of suvh nuGce in ihr m:uuaer pn•+cribed by appliroblr low to Borrower mad [o flee
<br />rsi Tier persons prescrilxd try upphcutrie taw. .91rrr tier iapu of surfi time u+ rout fir erquirrri fiy applicable law, TPerstrr +fiatt
<br />t•ive puhkir: ua+iice of sale to Ihr penoas and in the mm~ner pet critter[ t+y uppticahle lees, -irustce, »ithuut demand on
<br />[€arrawer, shag anti Ihr Property ni pubBc aua•iion io the highest bidder at the lime turd place nod under the 7rnees designated
<br />in Ibe teutice tit sate in ape nr more parcels amt in such order as Trustee omy determine. '! roster ma} pustpmar sale of nil
<br />or any parer[ w the Properly by public unnuuncrmrni at the time uud place of aoy irreviuualy adredulyd sale. Lrndrr tit
<br />Ixndrr'r. designee may purchase the R'rupeny ai any salt.
<br />Upon rrcripi of pugnrent of ihr price bid, 'Frustre shall deliv cr to ihr purchaser 1'ruster's deed cutevey ing the k'roperiy
<br />said. 'Fier rrcita!s to the 'FruateeS dreJ steu6 ire prinau facie e+idruer ul' the lrmta ul' the siutrmentf made ihrrritt. 'Yretaier
<br />shah apply the pttacerds tit' lire sale in the fu!!uwiJa urdrr: (:) to a!! rrasunahlc costs acrd cxprtaca of ahe suly, inaduding, hot
<br />oat litnitrd to, "Crosier's ices tit teen inure than 1/ L Of 1 `~b of the gross sale" prii c, reasouuldr allorory's Irca nnJ cu+is of
<br />title e•vidruer; lb) to alt soots secured by this Urrd of '1'rtnt; and (cl the excess, if uny, to the prrxm ur prrswes legal!} retitled
<br />thrreio.
<br />14. Borrower's Riglri to Rrinsautr. Notes nh+i:utJmg t.cnder\ aau•Ici.u utu ul the won ,arweJ by Urn Urrd ui 1 ni,i.
<br />Borrower shall have the nghi 4t hove any pnxcedmgs begun by 1 enter io culnnr ihr, ^acJ at Cru+I discuuwuu•J m
<br />uny ^nW pour Iu Ihu carper nt uenn o[ 0) the filch tat bctort the s,xle of Ilr<• properly pw weal to the power of +.Jc aunt.u oral
<br />ui Ihrs Decd tit ~Pnut ur iu) entry of a judgment enhicang this Deed of Tnut il. Ia1 Ron uwer pays I ender dII sums which w Wild
<br />bt then dot under thrs Ural tit l~rust, [he Note .and uuu•s saaumg i=uiurc AJ+:uiaes, ,I any, h.id r acln .aeon o aurarrd.
<br />(hl n -,wcr cures all hreaciie, ui any other a vrn,ulls m agreements oI Ron ow ci ru UUneJ amrthu Drcd of iruv.
<br />Ic) Ikurowei pave all tcasouahlc e+pcnse+ roc--utrcd hp 1 a•nJcr ^uJ 1 rtia[cc m col aicutg the .,~,. tans unJ agretmcnta ,•i
<br />kiurruwcr com.uncd in fhu DcsJ of (rust and m a+ntura auk, I cndci's mJ lniurc's ~cnu:.hcs .n hiua~dni i i paragraph Ia
<br />hcreo(, ~nclu,hng, bW nut bm~h:d hr. re;nunable atptrnepV Ices. .end Idt ihruowei iaCr, s nh as not .n I enJu may i ,table
<br />u•yuuc iu as+wc tlutt the hen ul alas Used of Cnut. I enJer~s nucrat in ihr I'ropeny cud Bun uwu~> ,~bbgahou su, pat
<br />
|