|
~1-. t)(i45S~
<br />9. Cotrremtastiow. Tht prcettds of any award or claim for damages, dirccs or canxquential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, art hereby assigned
<br />at[d shat! 6t pQid to Leader.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by ihis Deed of Trust,
<br />with the excess, if any, paid to Borrower. in the event of a partial taking of the Properly, unless Borrower and Ltrtdtr
<br />otherwix agrce in writing, there shalt he applied to the-earns secured by this Deed of Trust such proportion of the proceeds
<br />as is equal to that proportwn which the amount of the sums secured by this Dted of Trust immediately prior to the date of
<br />taking bear( to eht fair market vaitst of the Property immediately prior to the date of taking, with the balance of the proceeds ,
<br />paid to Borrower.
<br />If the Property is abanrioxd by Borrower, ar if, abet nonce by Lender to Borrower [hat the condemnor offers to make
<br />an award or xule a claim for damages, Borrower fails to respond to Ixnder within 30 days after the date such notice is
<br />tttaikd, Len~r is wthorized to collect and apply the proceeds, at Lender's option, tither to restoration or repair at the
<br />Property or to the sums secured by this Deed of Trust.
<br />Unless Lender ared Borrower at~rwix agree in writing, any such application of proceeds to principal shall not txtead
<br />or postpone the due dale at the monthly inuailments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />stmt tastaRments.
<br />EQ. Tsorroser Not Releaser. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Deed of Trent granted by Lender to any successor in imerest of Borrower shall not operate to releax, in any manner,
<br />the tiabiiity of the original Borrower and Borrower's successors in interest. Lender shall no[ be -required to commence '
<br />proceedings against such streceuor or refuse w extend time for payment or otherwise modify arrwrtization of the sums
<br />secured icy this Deed of Trust by reason of any demand made by the onginal Borrower and Borrower's successors in interest. _ •~
<br />tl. Eorheaaawct by Lewder Not • Wtsiver. Any forbearance 6y Lender in exercising any right or remedy hereunder, ar -
<br />Wherwix aHordat by applicable law, shall not tre a sy~diver of or preclude the exercix of any such right or remedy.
<br />The proctrrcment of insurance or the payment of taxis or'other liens or charges by Lender shall not tx a waiver of Lender's
<br />right to atxelersr, the maturity of the indebtedness setured~iey this [?eed of Trust.
<br />12. Retrredks Camnlatire. All remedies provtded'in ihrs~Deed of Trust art distinct and cumulative to any other right
<br />or remedy under thss Deed of Truss or adortled by la}y or eyudy, and may be exercised concurrently, independently or
<br />utcussivtly, r .
<br />13. Succesarx and Asaiges Lowry; Joint and Several Liability; Cspliatss. The covenants and agreements herein
<br />contaitud shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />sub)ect to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and. "several.
<br />The captions and headings of the jiatagraphs vl [his Dted of Trust are for conveyence only end are not to be used to
<br />interpret or deaat the provisiotesrheteof.
<br />Id. Notke. Except for shy notice required under appplicable law w be given m another manner, cal any-notice to
<br />Borrower provided for m this Deed of Trust shad 6e given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other addreu ss Borrower may designate by notice w Lender as provided herein, and
<br />tb) any notice to Lender shall be given by certified mail, return receipt requested, to Lendet's address sated hesein or to
<br />such other adelrtu as Lender may designate by notice w Borrower a provided herein. Any nonce provided for in this
<br />Dad of Trust shall 6e deemed to have been given w Borrower ur Lender when given in the manger designated herein.
<br />IS, Udtsrm Detd of Tres[; GoreroiK Law; '3tverattBUy. Ths farm of deed of taut combines uniform covenants for
<br />national use and non-uniform cavenanu wet limited vanations by 7taisdictiun to consmwe a uniform security instrument
<br />covering real prapeny. This Deed of Trust shall Fx governed by the law of the lurrsd,cuon m which the Property is located.
<br />In the event that any provision or claux of thrs Decd of Trwt or tRe'Note conflicts wish applicable law, such conflict shall
<br />not affect other proviswtu of this Deed of Trust or the'Note whrclt tan ht givsn effect wrthout the conflicting provision,
<br />and to this end the provisions a[ flu Deed of Trent and the Note arc declared to less severable.
<br />if. Corroser's Copy. Borrower shad be furnished a conformedcopy of the Notr and of this Deed of Trust at the lime
<br />of execution or after recordation huewf.
<br />17. Trttsder o/ eke hspeny; AawwpNoe. If all or any part of thr Pwprny ur an interest therein is sold or transferred
<br />by Borrower without Lesdtr's prior wntten consent, excluding tai the trcauun of a lien or encumbrance subordinate to
<br />this Dtstd of Trust, (b} ttu ercauon of a purchase money security interest for household apphattcps, 1 c) a transfer by devise,
<br />docent or by operation of law upon the death of a Iwnr tenant ar
<br />lender may, at Lender's o~tiun, declare all the sums secured by this Deed of Trust to be
<br />irttmediittiy and papabk. Leader shall have warved such option tv accelcrau if, prior w the sale ur transfer, [.ender
<br />and the person to wham dst Property is to be seid yr transferred reach agrttment ,n writing that the crtdtt of such person
<br />is satgfactory to Lender and that tha interest payable on the sums secured by this Deed of Trust shall be at such rate as
<br />l.etaier shall reytusi. If Lersder has warved she optron to acceltrate provided in this paragraph 17, and if Borrower's successor
<br />rn iatertst has executed a wntten assumpiron agreenrenr aectpted rn anteing by Lender, Leader shall release Borrower from
<br />a!i oEdsgatwns wader this Detrl of Trust and the Nute.
<br />If tender exercises such opton to ac::elcrate. Lender shall ma,I Borrower nonce of acct{eration m accordtmee with
<br />paragraph lA lsre~f- Stash n;3fsCe shelf provrdr k perKxl of e:ot less than 3U days from the date the natree is mailaf within
<br />which Borrowtt may pay the onto de.:Iar«t disc. If Borrower fa,ls to pay such sums pour to the exptrauon of wch period,
<br />Lt:takr may, without funhcr ruai~e ur demand on Harrower, ,avu-e any remedies permuted by paragraph I g heeeof.
<br />Norr-1}NrPmlra ('arEtlAtVT5 Harrower amt Lender further covenant and agree as loflows:
<br />li. Acctkraliae; Rereer4es. E.uept as prorideA is paragraph 17 feereol upon Borrower's brsack of .wt' troveeatl K
<br />agrteaerf of gorroser is tks Deed of Trot, iacladiag ttse coveeawb fa pay wbta doe asy sstru trecrrd by skit Deed
<br />ei 7'tset, Lewder prior to rxctlrrat:oa ekaY wail wWir'e to 6orrosec as provided ie paragrapk 10 hereof spccNyittg: (Ij eke
<br />MreKk; (2i tle KtIW reyaittd ra care sock berwk; i3) a date, rat less tkaa .3tl days from eke Bate eke ttWice it taailttr to
<br />iorrowtr, hY wkick sacY krcKh assn bs cared: atsd t•tl tkN tailwe w care suck hreacA oft or bdefrt eke dNt tsperifer
<br />iw He satire wtay rrrsfrt is ecceteratiw of eke taeu secwed by ihis ^Ked sst Trost and sale of flee Property. Tke eotle~e
<br />sing further irfotr ierrower at eke rK* to reiamtah otter accekratioa and eke rigll to bring a wart actiow to aasett
<br />eke wow-txisseKe rd w ddwak or awy atkcr defame of Burrower to acceleratiow sad sale. If ttx breach ~ woi cared
<br />ae or bdert eke lase specified is test sofice, Lrtsder at Lrwder's option may declare all of the sums secured by tkb Dead
<br />of 7rmt to ~ irmsediatefy dm and payaJre witkas! fartYer demawd rasd may ass frke the power of she asd nay other cetaerits
<br />pasilMd kY trpplicabk Ins. f.earcr shaft he ewtitlyd to collect aB retawnable costs sad exprnses iruarred k psatariag eke
<br />raseades prorirtd is lMis pKrtgrapl Itl, iacluriag, hat ad limiter to, rrasantsbk attorrxy's fees.
<br />N tkt poso~ at sale is iavafser, Trustee skaH record a aWire of default is esxh coualy in which flee Property or tome
<br />(sort lketeef iw bcahd awd slortR mrt copirs ~ sack wutire is the mawaer preserfked by appBcakit law to BorSoser and fo eke
<br />dkar Puaaw pnseriber by applkakk bw. AItH the tapae of suck time $ ttta> be required by apptlcsbk bsr, Trustee skull
<br />give pttktk aotiet d auk to else persowa awn iw eke maaaer prescribed by appBcrtbk law. Trfs~ee, sHttaut demand oa
<br />drawer, sbtsg xg ttx Psaparty ra pubtlc aarsioa Hr eke highest kidder at eke time and place asd under eke tattoo tlesigested
<br />h Hse rfaike of sale b nae or rtaom pvctk nor is sack order n Teuatee tray detcrmi~. Trtnke may poNpoat salt at aB
<br />~ •Y !-tec~ ~ ~ Papa„Y lY P~ saweaecrmtal ~ rite tine aed plKe of awy prerieetiy schedered sole. lewder w
<br />tats/en's tigtgaa:e easy psrrcheat Ebe Property a nay sale.
<br />l1Paa rareipl at pyraetri ~ Itx price kid, Trustee slab ddirer Ia the p~chaur Trastet a deed caeveyieq ~ ~nY
<br />std Tire rtcitrdn k tbt Trtssite's decd das8 let prima /Kk evidesce of eke truck of tkc stalemsnts milt tkers3s. Trsrstte
<br />ales! Hilly Her proces4a at t(sc >~ la the foikssipg order. {{ai la aB erasasabk etsft srt~ etcpeaxts o! C~ sere, faelar"aH, bat
<br />sM ItwNikr to Tretmtet rtes a! west aasre ikas 1/;? O1 1 '~ of for grass sale prke. reasaaahle attterrtey'e fstis aed casts d
<br />BMe erirewse; try to atl saes secured b abler Drttid of Trost: tswd Ica eke excess, it nay, to itn persow ar ptra~ IegsBy erttpkd
<br />IR1. Sarroset°s Rj'gis/ a Reidgste. Notwuhstanding l.endtr's xcelrrauffn of the sums xcured by this Dad u( Trust. J
<br />Barrttwtr shat! have the right to have any proceedings begun by Lender to enforce this [1,:sd, of Trusi discontinued a1
<br />asst' trnsc prtt?r w the cartxr to +xcur of h) the fifth day trefarr the sate of [fit Praptrtp pursuant to the power of sale contarrsed
<br />crethes!]ttd u{ Travt ur fu}smry a!' a tudgrtuM entvrcing shin Deed u! Trust rf: tae Burrower pay: Lender all sums which would
<br />fit tftm dues finder this f>ecaf of 'fnfvt. the Nos and notes secureng Future .advances. rt any. had na acceleration occurred.
<br />fh€ Borsuwer euros aH txcac:t+ss of any Whet covenants +ar agreements of Borrower contauftd rn thn Lked of Trust;
<br />lest 1#fftrm+rr Psyr ati rcax>nahk espensrc iMUrrtd try t.rstJrr snd `t'rustee in enforcing the ,urrnants and agreements of
<br />Bsuts»er c€fotaiaed to teas f]~ee~t rsf 'I"nisi and in snluremg ixnv~r i snd 'fur+see> remedets as providsd in paragraph 18
<br />rssfsv3f, rn+hadittg. istrt raft Eraeitcd w, rsasonabk aUwesry's fees; grid id! burr.fwer taArs such acsuin as l.cnilcr may reasonably
<br />ri~µrrt tea r.,cssraaa atcrrt efts firm ui rho DieaJ of Trent. Lrader'z inicresi ,a aMc Prcpeny and 13urrowsr's ablytatiun su PaY ,
<br />
|