~~-- t~~~.i20
<br />G. Condemnation. The proceeds of any award or cimm for damage. dsra.ct w constyutntial, in eoutttetion with any
<br />condemnation or other taking of the Property, or part thereof, or far conveyance in lieu of condemnatioa, are hereby assigned
<br />and shall be paid m Lender.
<br />In IF.e event of n total taking of the Property, the proceeds shall W_ applied to the sums secured by this Decd of Tout,
<br />with the excess, if any, paid to Borrower. !n the event of a genial taking of the Property, unless Borrower attd Lender
<br />otherwise agree in writing, there shall be applied to the sums ste:ured by this Deed of Trust such proportion of tht proceeds
<br />as is equal to that propartiu^ which the amount of the sums secured by this Deed of Trust immediately prior to the dart of
<br />taking bears to tF.e fair market value of the Progeny smmediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower. ,
<br />If Ute Progeny is abandoned by Horrower, or if, after notice by I_tnder to Borrower that the condemnor offers to tttake
<br />an award or stale a claim for damages. Burrower tads to respond to Lender within 3U days after the date such notiu is
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lender's opuon, either to restoration or repair of the
<br />Property or rn the sums secure) by this lleed of Trust.
<br />Unless Lender and Horrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date u( the monthly mstatlmenu referred to in paragraphs i and 2 hereof or change the amount of
<br />such ins[allmtnls.
<br />10. Borrower No[ Releaud. Extension of iht time Cur payment ar mvxiificauort of amonizalion of the sums secured
<br />by this Deed of Trust granted by Lender to any succeswr m interest of Horrower shall not operate to release, in any manner,
<br />the liability of the onginal Horrower and Borrower's wccessorz m interest. Lender shall not be required to comrtsertce
<br />proceedings against such successor or refuse m extend time for paymem oc otherwise modify amortizatior. of the sums
<br />secured by this Deed of Trust by reason of any demand made by the arigmal Borrower and Borrower's successors in interest.
<br />I1. Farbtaraace by Lender Not a Waives Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded 6y applicable law, sha8 wt tx a waiver of ur preclude the exercise o[ any such right or remedy.
<br />The procuremtm of insurance or [ht payment of taxes oY other bens or charges by Lender shalt noE bt a waiver of Lender's
<br />fight to accelerate [he matuaty of the indebtedness secured-hy this Dted of Trust.
<br />i2. Remedies Cumulative. All remcJses proviJed~in ~Ihis Uerd of "Crust are Jtstmct and cumulative to any other right
<br />ar remedy under this Lhed ut Trust ur al[orded by !sy or oyuny. anJ may t>< extrciseJ concurrently, independently or
<br />successively. _ 1 ~ -
<br />33. Successors and .Assigru Bouisil; )oinl and Several t.iabfiity; Capliorts. The covenants and agreements herein
<br />contamtd shall bind, and the nghu hereUnJer shat! inure [u, she rtsfxcuve successors anJ assigns i)f Lender and Borrower,
<br />subfect to the provisions of paragraph 17 herein All covenants .rod agrecmnus of Horrower shall be joint and several.
<br />The captions and headings of the Laragraphs of this Deed of Trust arc for convenience only and are not la hk used to
<br />interpret or Define the provasiops hereof. .~~
<br />13. Nmice. Except for any nouce reywred unJrr appbrable law to be given w another manner, (a) any notice to
<br />Borrower provide) for in this Deed of Trust shalt be given by mailing such notice by arrufied mail addressed [o Borrower al
<br />tht Property AJdress or at such other address as Horrower may dessgnate by notice to Lender 'u provided herein, and
<br />(b} any notice to Lender shall be given by carolled marl, return receipt rcyucsted, m Lender's zddress stated herein or to
<br />such other address as Lender may Jevgnate b}• notice io 6orrowcr as provided herein. Any nouce provided for in this
<br />Dud of Trust shall be deemed to have been given w Horrower ur Lcndcr when given m the manner designated herein.
<br />IS. Uniform Deed of 1'rusl; (:urerning Lew; SeverbYlLly. This form of decd of trust combines uniform covenants for
<br />national use and non-uniform covenants with limited variations h} lurisdictiun to constrtule a -uniform security instrument
<br />covering real progeny. This Ueed of l'rusl sh:dl be governed by the taw of the lurisdic[ion mwhich the Pfoperty is located.
<br />In the. event [ha! any provuum ur saaust of this peed of Trust or ti'xnNote conflicts wnh applicable law, such conflict shall
<br />not affect other provisions of the Deed of Trust or the'L•fute which cap ht given effect without the conflicting provision,
<br />and to this end the provisions u[ the Deed tit Trust anJ the Note .ere declared to be uverable.
<br />16. Borrower's Capy. Horrower shat; bt funusheJ a wnfurmed cup{ u! [he Note and of this Ured of Trwt at the time
<br />tit execution oc alter reeordauon hereot. o
<br />17. Trosfer of the Property; Assumption. ^ all ur an} pan cf the Prpptrt}' nr an interest thucm is sold or transferred
<br />by Horrower wuF.out Lender's poor wnucn concur, aaciudmg tat the croatiun tit a h:n ur enrumbranet subordinate [o
<br />this Uerd of Trust. (h) the creauun tit a purchase money xcunly u1[rrCSi tar househoiJ apphancps, ic) ^ transfer by devise,
<br />descent nr by a:p:.ratron of law upon the death of a loin[ tenant nr -
<br />___...,,_...:._-_ _r,,~___:_-_ ~;_-_. t ender trot}-. .u Ltndcr', option. Declare all the wins secure) by this DeeJ of Trine to tn:
<br />immediately due anJ payable. Lender shall have w:used suuh opuon to accelerate a, prior to the sate or transfer, i Winder
<br />and ffic prrwn to wi:utn the Property is to i>r suW ur iransfei:rJ reacl:::gretinent in writing that the rredu of such person
<br />is satisfactory to 1 ender :rod that the udcrest payable tin the sums se vreJ by this DceJ of :i~rust shall he at such rate as
<br />Lender shall request. f f Lender has waive) the opuon to a eeleratt proculcJ m [his paragraph i 7, and it Borrower's wcressor
<br />in interest has executed a written ussunspuun agnzn+cut accepted m venting by Lender, tender shall « lease Horrower from
<br />all obligations under this Dec) tit ITmt anJ the Nute.
<br />i( Lender exercises such option to a eeirrale. I ender ,bids marl born+wer nouce of acceleration i ecurdance wnh
<br />pufagraph I4 hereof. Such nolicr shall provide ~ ptnad ul not Ica than lU Ju}s horn the )ate the nouce n mailed within
<br />which Harrower may pay the wnu declurtJ Jue. II Horrower fads to psy such wins prsor w the ezpuaUUn of such perioJ,
<br />Lender may, w!+huut further nouce ur JemanJ tin &uruw u, tin ut.e en} remcJics prrmnted by paragraph i B hereof.
<br />NUN-C)NIFU0.M C'UVENFN ih Hnrfllwe( anJ i.rndCr ILLi1hCr a a'Cl\anl ar1J agrR ., IalluWS.
<br />Ig. Arctleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's brrac6 of any covenant nr
<br />agreement o[ Burrower 6t ihn i)eed of Trine, including the covenants to pay when due any sums secured by this lleed
<br />of Trust, l.endrr prior m acceleration shelf mall ualire w Borrower as provided in paragraph 13 hereof spec$ying: IU the
<br />breach: iii list aciiLLa required to rare such brraeb; tJl a date, nut !r» than ]U days tram the date ihr notice is mailed to
<br />Borrower, by which such breua•h must be eurcd; and Wl rbal failum h, cure such broach tin or before the dale specified
<br />in the notice may rewlt in acreteralion of the sums secured by Ibis Urrd of Trust mid site tit the Property. The uulirr
<br />shall turthrr iufann Burrower of the ri'ghl to reinslale a(Icr accelrraliun and the riglu to bring u court action In asxrt
<br />Ihr nun•exislener of a Ae(autl ur uuy u :: Jefens¢ of Burrower lu a relrralion and sate. If the breach is nut cured
<br />m; ur befarr the date epeciiieJ in the nolicr, !_ender ai Lender's upriver mar Aeciare all of Ihr soots secured by Ihi~ Umd
<br />of Trust m br Lurnredialciy due and payable without further Jrmmsd mrJ ueu} imukr the power of sale anJ an) other remedies
<br />pertitled by applicable law. Lender shall Ge entitled to collect all rrirwnable costs and expenses incurred in pursuing the
<br />remedies provided in this par graph Itf, including, but not limila•J us, rcawnabie albniey's Fees.
<br />if the power of sale is irn u::rd, "1'nulee shalt mcord a nolicr of deL•udt in rack cmuuy in which the 1'rnperiy ur some
<br />paA thercaf is located and shall omit copies of such nolicr in Sir moaner presrrihzd by appbcahle taw to Borro^-per xnd to t::c
<br />other persons prescribed Gy applicable law. After the lapse cf such lime us may br reyulrcd by applicable law, Trmlrr .hill
<br />give public notice of sale to the persims anA in the ntnnner prescriMd by appiicnbie taw. '1'rusler, wLihuW demand on
<br />Borruweq shall sell the Proyrrty al puhiir auction In the highest bidJrr ai Ihr lion and place and under the terms designalrJ
<br />in iris entice tit sale in one esr nrore parcels and iu verb order us leveler may determine. Tru>Iee may postpone sale of elf
<br />or any parcel of the Property by public aunuuncenienl at the lime and place of an} previously schedule) safe. Lender ur
<br />Lender i designre may pureha>e the Property of any salr.
<br />Upon recefpl of pay mint of the price bid, Trustee shalt dehvrr to the purcitu~er 1Tmlrr's ilced cortreying ihr Property
<br />sold. The recitals in the l~rusler's fired shad ht prima fade rsidenu of Ibe truth of the statenteuis made Ihrreln. 1'ruslee
<br />abaB apply Itte proceeds al the salt in the tuliowi ty+ order. {{ay to all rxiuunabk rusts and expenses of the sale.:nclutling, but
<br />nut limited lo, 'frusler's fees of nut inure than 1~1 Of 1 "r of ihr gross sate price, reasonable Wmntey's iris and costs of
<br />tuft evidence; (h) lu all sums secured by this Uerd of Tnu1; and Lc) Ihr access, if any, to the perwn ur prrsuns legally enlisted
<br />Ihttetu.
<br />Iq. Borrower`s Right fu Rciminlr. Natwrdmm~dmg Lender's a ctlerd ion of [hc ,um uw1eJ by Ihi+ Uecd nl Inns..
<br />Borrower ,hall have Ihr ugh[ n, have any prtrrtcdmgs begun 6y LenJtr n. rut ui ce thins DrW al tutu Jur~rnuucd at
<br />any time pour 0.s the carticr lu ocnu of h) the tlftls Juy be(me the sale of the Pruper'ly puuuem to ihr pawn al .alt annai neJ
<br />m this DcrJ u['fnmt or UU entry of a µtdgmem tutors nlg thi, Uteal of Tout d. Ini Horrower p.ry, L ender .Jl suns, w-h r.h wool)
<br />r wa cs
<br />tse the f r J r thi U rJ of f r t n 'Nut. and n t _ wg Yuturc nd - n any h,id i - i nun .x u ~rrJ
<br />fh{ Byrn,-u ens ail Lr..aut,u ~„ any attar euvn: t agreernew, ul N r -cl eontau,ed m tt IxeJ of lnn:
<br />tr) Harrow ei I,a Ys all rtauurahlr rspensrs a cnrred h} I.euJrr anJ Truster m rrd.rrring the .o nm, and agn•rmcrsts ul
<br />Hain i i -I = tt i. Used of 'I test and m uhniang t rrJ tl T r ,tee's tenseu s I - - I -- I - g -I h
<br />hereof cludmg, i ul r + t unuteJ w, reasonable anurucy', ice,. •u+J fir Hr,rn-vwu t.,i.r, wah ,ou „s 1 ~ J,r ..la, -., .'c:l. ,
<br />request w a»aie Ihu[ the ucu r,l Otis UecJ at Inn[. 1 cnJe:', uvartst u, the I'ioperry sod lion ow csA ohhgau, m+ n, y.n
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