|
~I-~ ~~u4~fl~
<br />4. .The proceeds of any award or claim far damages. direct or otaseq:~tti=.l.:n con:r„cti^n v.~ith any
<br />condemnation or outer elating of else Property, or part thereof. ar For conveyance im lieu of condemnation, arc hereby assigned
<br />ash >dtaB be paad to Lender.
<br />do the tutor of a total taking of the Property, the proceeds shall be applied to the sums secured by this Deed of 'Tres,,
<br />teeth the excxas, if any, paid to Borrower. In the event of a partial taking of the Property, unless Harrower and Lender
<br />cdtitrtviss ogres sn writing, there-shall be applied to the sums secured by this Deed of Ttuat such proponian of the proceeds
<br />as ~ to thrt proportion which the amount of the cams steered by this Betd of Trust immediately prior to the date of
<br />takittg~a to else fair market valtx of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />~#aid tb Barrowct.
<br />If lift Ptvpl;rty is abandoned by Borrower, or if, afer notice by Lender to Borrower that the condemnor offers to make
<br />an award or adtie a claim for damages, Borrower faits to respond io Lender within 30 days after the date such notice is
<br />maim, Lender is authorized to collect and apply the protxeds. at Lender's option, either to restoration or repair of the
<br />Property or to the sums sectrced by this Decd of Ttvs[.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shal# not extend
<br />or postporx the due-date of the monthly installments referred to in paragraphs # and 2 hereof or change the arstcwnt of
<br />such inatuiimeats.
<br />1®. Bomowsr Nat Re>eand. Extension of the time for payment or modification of amorization of the sums secured
<br />by this Deed of Trust granted by Lender to any successor in interest of Borrower shad not operate to relea ., in any tmanncr.
<br />the liabi9ity of the original Borrower and Borrower's successors in interest. Ixnder shat! not be required to commence
<br />proceed#nga against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Ueed of Trust by reason of any demand made by the onginat Borcower and Borrower's successors in interest.
<br />31. f+erbtraeaaee by Lentkr Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable Iaw,. shah no[ be a waiver of or preclude t'nc exercise of any such right or remedy.
<br />The procurement of imutance or the payment o[ taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to acoderate the maturity of the indebtedness secured by this Deed of Trust.
<br />12. Rs4asdisa Cet~Whe. All remedies provided in this Deed of Trust are distinct and cumulative to any other right
<br />or remedy ustder this Decd of Treat or afforded by law or equity, and may be exercised concurrent#y, independently or
<br />SUCCCaatvel
<br />13. Font sad Aadg•s 1Robnd; Ida1 and Seveeal LiabBity; Captlam. The covenants and agreements herein
<br />eontainsd shun bind, and the tights hereunder shall inure ta, the respective successors and assigess of Lender and Borrower,
<br />subject to the provision of paragraph 17 hereof. All covenants and agreements of Harrower shall be joint and several.
<br />The caption and headings of the paragraphs of this Deed of Trust are for canvenicnce only and are not to be used to
<br />interpret or define tfx provision hereof.
<br />14. Nslke. Pxcept for any notice required under applicable law to he given in another manner, (a) any notice to
<br />Borrower provided for m this Decd of Trust shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at steels other address as Borrower may designate by notice to Lender as provided herein, and
<br />(bi env noutx to Lender shat! be given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />Bach other address as Lenrles may designate by notice to Borrower as provided herein. Arty ttaiice pravidetl for ':.. this
<br />I)etd tsf Ttnst shall be deaeted to have been given to Borrower or Lender when given in the manner designated herein.
<br />IS. UaiEarst <Sxd et Trutt Governlat; Law; Severablfftr. This form of deed of trust combines uniform covenants for
<br />national use and.nan-tmiform covenants with limited variations by jurisdiction to constitute a uniform security instrument
<br />covering tea} property, This i]eed of Trust shall be governed by the law of the jurisdiction in which the Property is located.
<br />in fix event that any provision or clause of this Deed of Trust or the Note conflicts with applicable law, such conflict shall
<br />not affect ot3xr pprovision of this Detd of Trust or the Note which can be given effect without the conflicting provision.
<br />and to this end the provision of the Deed of Trust and the Note are declared to be severable.
<br />16. earrower"s Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust at rite time
<br />of exsctttion or after rmcotdatiom hereof.
<br />tT. Trarder of the t'ro~rertr; Awawption. If alt or any part of the Property or an interest therein is sold ar tranferred
<br />by Borrower without Letplarr pe+or_ar_ntr^n conatnt,~~+tduding (n) the crcauon of a lien or encumbrance subordinate to
<br />this Dead of Trust, (b1iM~starti~t uf'a~tdl3tsb y perunty interest fnr hotfsehotd appliances, i c) a transfer by devise,
<br />decent or 6y operstioo of upon die t~'~ ant or td) the grant of any leasehold interest of three years or less
<br />trot containing an optictyt to` rlal6ttaa( Liariltt'~1tay r s option, declare all the sums secured by this Decd of Trust to tit
<br />immediately des and pay Laetder"l~flaR>ive waived such option to accelerate if, prior to the snit ar transfer, Lender
<br />and the person to whom fax Property is to tx sold or transferred reach agreement in venting that the credit of such person
<br />is satisfactory ro Leader and tkat the interest payable on the earns sceurad by this Dad of Trust snail be at sack rate as
<br />si#ati'~uw' e€ Lander has waived fix option to accelerate provided in this paragraph t 7, attd if Borrower's succesxor
<br />in in<bcar[ ha3 satesuted a written aasamption agreerttent accepted in writing by Lemter, Lender shall rsieasa Borrower from
<br />ail obitgalion tender this tJee+! of Treat aril the Note.
<br />if I.etiler exsrci~ :.~~h ofttian to ac4€Itrate, Le:?=_~; shall lentil Norrawer Wallet of acceleration in accordance with
<br />pat'a~rttph let ttertof. Sash notice shall provide a period ai not less than IU days from the Date the natit~ is mailed within
<br />vats iorrower near ,'~, t:~ .:'::.:s d~I~~~ dtx. f Harrow r ! •ils to ; ~y sEFr:tt 3 prier ra tilt exniratiQn of such neriad,
<br />Leader may, without furtirsr notice or demand am Borrower, invoke any remedies permitted by paragraph lg hello(.
<br />No_r#-UNiFOttQt-Govatigt4r~, drawer and Lender farther covenant and agree as follows:
<br />t& Accaiaratiaai Rewedies. B><cspt as provided Ina prrattraph tT beret(, apps Dorrawae'a breach of aay caves or
<br />of Borrower is thfa Veer of Ters4 iaclydYit; the: coveaawu to par what dos tmr sows securer by this [teed
<br />~TnW, tLstrAar prb¢ to stet'skraibo stsdl t~ nsliro to Msrewer trc provider ht pvaRtapb t4 hattof speeltYiegt (1! tine
<br />bnrchi f2l fhs tsetioe re+i<irsd to care twcM bratcht (3t a data, teat kas that 30 days (rear t~ drrtr the rtotks i; matted to
<br />ltarrowsr, br which sack breach wart 6s tnrsrt lead t4! detl faitrre to cswm stecet breach as or tiefare the iku specflisr
<br />is-the wallet +arr rseaM la ~ of tie sass aecrtrer by this [her al TraW sad sofa of the Preperiy. Tht atNiee
<br />tihatp frp6er itr'orm tfweoweir at the rtttht to reitptatt after accdsrrtiar sad the riRiN to twiag a coast action to asset(
<br />tilt ~e of a dafaaM ar say other dsfswee of >borruwsr to aceekratisw sad eds. tf the Meacb Is nW cared
<br />as os irsttrro tits drk speet6ad h tM astlas. tarter a1 Leader's option stay dschrrs aB of the suaas ssctttrd br tbta Deer
<br />ad Ttrd ~ bo ~ tore sad paya6ts r-Mftoat farther tftatqur sad ear lavokt the paver of ode raid uy dbsr retstsdiss
<br />~~pYear-be taw, l.erdtrr acrd !x eatiged sa cagsrt ail tsasrtatNls testa rtrd superset iwcwred ~ pataalatt rtes
<br />prra iddaadd is lltia pa'ttBrapit IIf, fatsittdatrrg, ~ tent ~ilsd ta, ~.oaahts attarasr'w Etas.
<br />If Nit pwart d quo k favsked, Traatee sba8 record a aatke of detaalt is each county [a whkh flu Property or some
<br />prr/ f~rsn( tt NpcNSd aptl also aWY coplss d wrh rwltts to tAe raaaasr prescribed by ~ law to Borrower sad to the
<br />itfbor peraaaer prpcrNrad t-t aptiicahts taw. Alter tlis at sNth finis as easy bs rt'a~~~~br ap@~abls law, Trat~s shag
<br />vE plaTtMs rtotke elf oats to the pttrsraa sad is ties magasr prescribed by rrpplkabk law, TrasAee, wfthaat demand on
<br />~rr, s1rY saM Nis tlasperq tit pabMt arsdaa es fire tafehnt bWdsr tit lets tiax sad place sad under flu tertw dealrrWed
<br />iw Na aoAks of oak tw era n won tarn is sack ordtx art Ttrteaa may deterwipc. Trwles rt-sy postpone sak at ap
<br />rr tyttr ! of tIr lrorsrtr 47' Ye aaaoanessasrl at the three pad place of say pnvlotaliy sckarddsd Bak. t.tarsr ar
<br />is;~~. parr
<br />i~w ~ ~ past ~ ~s~ Trrw rslivsrr to the parchaasr Trpatas'a dead egavsriag thti Yraperty
<br />sold, Tits rreeMrls to lie '~wese~ d6rrd sttsp I>o prima lack t:vakacc vt the troth iff the atatstweats relate thatcia. Trade::
<br />a1lw~ Nee . at liar aria Y the faNasrltgt ordu: (aim ~ ~ s~siss,~ts ~astik ~tarner's~fs~,dtinitlad ~~aft
<br />nri ~ ur, ~ vat sorts f 1 (~:
<br />6N~e wliTer~et ltri hr a1f shatter sesrrer 1y` tLis 1Jtsed of Tr taW {s) the s><c~, N ans. to fbe tsenea ar psrsaas iegrtBr ertkkr
<br />NtttaNr.
<br />1+~, lfartagwfsrtt Sri to lam. Ivinwitirgtand+ttg I.endsr s ackratien of the sums secured by this f)ssd ut Truest,
<br />tviCR shish hatnt lhtd rgfht to have any prtx'sedings begun by Lender to cn€aret this Died of "l'rs.rst liscontenurd at
<br />• any knee ptte!r ls~ ilhe earlier fo decor of ti) the fifth day before the Bak of else Property pursuant to the puwt~r of salt cuotained
<br />its tht>EL~ttlof Truq or Ciltaltr'yy of a jstdgtneni enforcing this Deed of Trust if: (rJ Borrower pays Lander ai! sums which would
<br />hB then dos utafsr thin Used of Trust, the Nutt and tortes seLUrimR Future Advances, if any, had ao accekrahan tucurred;
<br />t'ftj BVPro4Yer ttirrs aB breaches o[ any other eaversaMs or ajrettrxntx of Borrower cantaittt.f in thsc [?earl o#' 'Dust,
<br />(;w) IftnrowRt s aIt reasanabls sxpe ittt;urreal by lender and Trustee in enforcing, the covenants and agreements .,#
<br />8arruwst' ccit?ta~f is Yetis ai Tf~ro#st steel fm enforcing txa~r's and 7'tustet's remedies as pra.ided rn paragraph tx
<br />tlErra2t, irlCiudit~, but soft Ilmitsd w, tsruwnabk atiorttey_'s lets; and (dI fkxrawcr takes such action as f _tnrisr may reaianat*iy
<br />squirt to elute that lets Ibsn of thir tTsed of Trust, Ikndti"x interest in the 1Property and Banc«+ver'. +*#fligatic~n ir? ~a
<br />
|