|
<br />4. Cowdewtwatba. The proceeds of any awrard or claim for damages, direct or carMequrntial, in connection with any
<br />co.-tderttaatirxt yr other takstig of the Property, ar part thereof, ar for rnnveyance in lieu of condemnation, are hereby assig:A~^t
<br />and shag be paid to L-tntter-
<br />In the went of a total taking of the Preperty, the proceeds site(( be applied to the sums secured by this Deed of Ttvst,
<br />with the exccu, if any_ paid to Harrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shalt he applied to tlx sums secured by this L)eed of Ttvst such proportion of the proceeds
<br />as is equal fo that proportion wfiich the arvwunz of the sums secured by this Deed of Trust immediately prior to the date of
<br />t3ic}ng bean to thrs fair market va(us of the Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />Tttlrc Property is atwndotted by Harrower, or if, after native by Lender to Horcovxr that the condemnor offer to make
<br />an arvttrd ar settle a cltim for damages, Harrower fails to respond to Lender within 39 days after the date such notice is
<br />tMHed, [.ender h atrthoritsd to collect and apply the proceeds, at Lender's option, either ro rYStoratmn or repair of the
<br />property ar to the sums secured by this Decd of Text.
<br />Uafess Lerxler and Bareowcr otherwise agree in writing, any such application of proceeds to principal shalt not extend
<br />ua' pasepota the due date of the rttanthly installments referred tv in paragraphs I and 2 herrnf or change the amount of
<br />suchh ttstalltrsettts.
<br />1®, Benower Nat Released. Bztension of rbe time For payment or modification of amortization ~f the sums secured
<br />by this Decd of Trust granted by i.cnder to any successor in interest o! Harrower shall not operate to releau, in any manner.
<br />the [irh(lity of the original Borrower and Borrower's successors in interest. tender shall not be required to commence
<br />praceedinga against such successor or refuse to extend time for payment or otherwise modify amortization of tM sums
<br />sestued by this Dead of Trust by reason of any demand made by the original Borcower and Borrower's successors in interest.
<br />I1. Pesriratawee by Lewder Not a Waiver. Any forbearance by Lender in exercising any right or rsmtdy hereunder, or
<br />otherwise aftofded 6y applicable taw, shall not he a waiver of or preclude the exencrse of any sorb eight or remedy.
<br />The proctircmertt of insurance or the payment of taxes or other liens or charges by tender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured l,y this Deed of Trust.
<br />12. Reasttiea CatwdaNve. AIi remedies provided in this Deed of Trust are dfshnct and cumulative to any other right
<br />or remedy under this Decd of Trust nr afforded by law or equity, and may be exemise+l concurrently, independently ar
<br />sttceeasivetyy~~
<br />13. Saceeaors artd Asstgm Boawd; Jalnt sad r3everal iJsMlky; Cartbts. The covenanu and agreetnenta herein
<br />contained shalt bind, and the rights hereunder shall inure to, the respectrve successors and assigns of Lender attd Borrower.
<br />subjtiet to the provisions of paragraph 17 hereof. Afl covenants and agreements of Borrower shall be joint and uverel.
<br />The nptiotts and headings of the par~ggrapfis of this IJeed of Trust are for convenience only and arc not to be used to
<br />interpret or define the pmvtsroru hereof.
<br />IA. IVoike. Except for any notice requ+red under a plicablc law to be given in another manner. {a) any notice to
<br />borrower provided for m this Decd of Trust shalt be given by mailing such roller by certified mail addressed to Borrower at
<br />the Property AddtYSS or at such other address as Borrower may designate by nonce to Lender as provided herein, and
<br />fC} any twute to "s-.et~cr sireii 6a given by eeirinw „-,sit, r'urn r~ip.:<yt.Wt ~:. ~^ r t.^s[°r•s ad_t ~..r~t~t t~rein or to
<br />such ot6ar ad+lnasa as L,attder may designate by notice to Borrower as provided herein. Any restive provided far in this
<br />L)eed of Trtnt shell be deemed to have been given to Borrower or Lender when given in the moaner dpignated herein.
<br />13. Utritorm Deed of Trash Cwrrrniwg Laa: 5everaibiWy. This form of deed of trust combints uniform covenants for
<br />national use artd non~unifotm covenants wit limited varratwns by jurisdection to constitute a uniform security instrument
<br />covering real property, This t3ad of Trust shall 6e gover»ed by the law of the jurisdiction in which the Property is located.
<br />fn the event that any prevision or clause aC this Deed of Trust or the Notc conflicts with applicable law, such conflict shat(
<br />+itN aBeeE other pprovtsrtxx of this Dees of Trust or the Mate which can be given effect without cite conflicting provision,
<br />and to this end the provisiow of the Deed of Trust and the Note are declared to be severable.
<br />fib. Aorrows~t Copy. Harrower shall be furnished s cunfo.-med copy of the Note and et this Deed of Trust at the tithe
<br />of caseation or after recordation Iteroot.
<br />17• Treader of the PtspeAy: AasoaspNoa. If alt ar any part of the property er an interest thercm +s sold or transferred
<br />by Borrower without Lender`s prior written :vnscnt, excluding ta) the creation of a lien ar encumbrance subordinate to
<br />this Dead of Tregt, (b} the crcatton of a ppuurchase tnoacy security interest for ho+ncttold apppl1iarxa, (c) a tranaftr by devise,
<br />descent or by opsratiap of few upon the dearth of a jvim tenam or (d) the grant of any leasehold interest of three year or less
<br />cwt corttainin$ fin Option fo~t trzhasc, tender may, at t.ertder's optivn, declare all ihr sums secured by this i>Ged of Ttwl to be
<br />immediately dtte attd payable. Leader shelf have waived such option tv accelerate if, prior to the sale or transfer, Lender
<br />and the presort to whom the Property is w be sold ur transferred reach agreement in writingg that the credit of such person
<br />is sataftsatory fo Lender and that the tnterai payable un the sums socurrxl by this Dead of Trust shall 6e at such rate as
<br />L.ettder shall requaat. If t..ender Etas waivr~ tfte option to accelerate provided in this paragraph ;', and iE Barruwtr's sticcr
<br />in iatarisf has exacuttsd a written aeumption agrrentent accepted in wripng by Leader, Lender shall release Borrower fmm
<br />all obli tiotea uttdot this L)e«t of Trust and the Note. ,
<br />[f~r exerci such option to accelerate, Lenv~° sn.tii malt Horrvwcr aeries of acesieraiiart .n accord. an.~ with
<br />an6 t? hErsof. Susie restive shelf PraYtilt a period of t vt less Iltan 39 days from tits date the rouesrs maif>:#t within
<br />tr~$errawar tttay ~' y th€ steers d~fast dtie. if 8rtrrvtvar fails tv pay st~h sums prior to ins expiration of sua:h -paria:.
<br />-' _ --v_ ._... ~ rW _..,:.._ __ ,t_...~,..r ~., u......,..~r .n,.,.k,.. meted by oar aph !$ hereof.
<br />~_~r ma,. -witns*.~s air. user .nn.sc yr .+€..ea..~ •~e. wrrv.~v . ..._..._ r rertt~iea firer-- -?~
<br />)~lorr-i)tvrrartrt C'erverv.trr-e s. t~riiua~ rir>fl Lc'tt'sir ftir#~r..,..~.~"'tt ar.F.! ab.~ =3 fa~t~a:
<br />itL Aeeelsralloa; RsasetYss. Ntrcepl as ptoridd is ptrarjrapi 17 hereof, upon 1lsrrowsr's brsaci of say caveeatst w
<br />t~s~a~aw! of Borrower M tilt 1?ed of Trost, ittchditt{ cis coraatagr to pay wise doe soy tttats aecorei by this Dad
<br />o[ Ttwl. Lsoder pda~ b aceekraHaa abaH waY aaiks to Borrower at proridad M p.ragtapln f4 bless[ apacltyM~{r (1) tYe
<br />Yroaeii l2) tie ardow regoind to cars east brsacbt 13) a dale, not leas ~ 30 dgpt fsaa tie d~ cis aolice is ttatttYsi to
<br />rosrorrw, by wild sack bread ttstts bs roreii mad l4) riot failart to clues sttei breach as er Oslare the date
<br />M fir tralie+r tart! rsasdl fa wceMrrttion of rite suns secrsrert by tW Decd d Tres sad oak ~ tie Property. The aatlca
<br />titan farNer MForat farruwlr of tie tigit it teitsYate >fts.' nceekraNoa sad fie ~ to befog a coati action t0 atotA
<br />tilt ttaatafsleace of a iataafl or awy other dtfettae of fierrrowsr to atceleratfott atad sale. if tbs bread 1: cwt card
<br />as ter im[ore tie date rlttcNsi io tik wttfcs, i,eader at Lsder's orNoa stay dcekre d of tie reveal secttttd by tilt Dead
<br />of TtrnN N be ~ ills awl rayaik wltbaW forNer deatad sad aaV' iavaltt tot rower ~ sale aced tray otbtu remaiiw
<br />ln+r. I.e~as ~ ewNfied to collect all reaaowbk sorb atsd estraasea IttKtrrred M ParmNri tM
<br />rsat~pipv d M tint rarrtgtari fig, Mela~, ia- aN iitaNed eo. rgtowabk aMaraey't rasa.
<br />Ill Nit o/ talk M Mrokd, Trsafee shwll reeved a talks of delastit M each c Iw w6kh Nee Prererry or aatwte
<br />rest ~wiorralsd attri ~ vest trofltre la rtes etwxaer rfrttiNsd fry x~ law to Borrower ittttd M Ns
<br />attar proses rrfbe9 by ~ taw. After eba htrae of suck taws as away be by arpllerhk bw, Trwte+ droll
<br />R~Nrss riWc agtlee of atde Gt rsrsena sad io the mawasr rrsarrfisd by yrllra6ie taw. Trtstss, wkiwul deatawd on
<br />Harrower, tiaN ttrM tit rroreE4' al rabMc twcNan to tie idgisst bidder at cis tlms real r4ce atri rider tits terms deskaatKd
<br />M Nu aeNee st ale y one a tttgss rMrc level fa web ruder d Taestes may deteratiwe. TrtstAss may parlpots eels o[ aY
<br />®r t~ ~arRSl d Die f!r+a.etty 4!_' rai6it ~amsaoacesraN at tie Nave lead Pis of asy ptsrlasly sriadtiad traHt. I.sader or
<br />Lcsdervi titn~tet salty ptttslsMt cis d axty tell.
<br />~ ems;=t aS tis~'~ras#es trtr?H direr to ti-s }arsiaser ~il'waiss'a deed eowrsyl~ #As Pro~Y,Y
<br />wii,~ ~ M die Ttwtesl iced trial! be rriw fork evldeats of tie ttsNh of tie ttaumemt taaic tierslw. 1`reatss
<br />aiktll Upt~~t ed ~e teals M cis fad order: (a) M aY reaaowabls sob awl etpetttar of tke sale, htcit~ag. best
<br />tmi ~, ti deea ~ aoi arses Ntaw of 2 ~ ~ Nte arar stds rrke, rsaenaaW attorney`s tea atsi costs at
<br />~! eal/4lsret f~ to d sans leveed -y Rtit of Trost; iwd tc) tie a:ens. tt say, to lie psrsoa a penom fegttHy eatitiei
<br />{l< m fiSi~f Ae Rsk~aEe. Notwithstanding tersder's aectkration of tht sutras secured b}• this Decd of Trust,
<br />Honouree shNl lave the right to have anY proceedings begun by !.ender to enturce this L)sed of Trust diacontint+ed at
<br />any titles pt~ 4o the earlier to +rccur of (i) the Nfkh day before ihr sale of the property pursuam to the power at safe cvnNieted
<br />inthts t)ard of Tnut ar 6i} entry of a hrd~msnt enforcing this L}erd of Trust if. ta} Borrower pays Ixttdet all sums which wnu(d
<br />lea then due under thss I.lesd a 7rtest, t Notr and testa securing 1=uturr Advances, if any, had no a:crlsratian occurred:
<br />(b) Botr+,sarr cures at! Irrcachca of any +slhcr cvvenants nr agreements of Harrower rontairted in this tlscd of Trust:
<br />fc) !):trrctrrver pays stl ressonat~s es~c+tses itecurrcd try L.ctsder attd Trsntrc in rnfarrrng the covenants and agreements of
<br />`varrvwar cantairsed in iris Ind .-n . r,t:' a-'`n, : "tr.-^--:rag r °n~r-s = ~ ~rrust«••-. ,c.iEs :s p•, *r:•!•c in far^~raph t tl
<br />itci~i, is~'rng.:urt r;crt :im :it, rea3.'u:~ "+c•'r°y`- t~~" F n td} H:;.^r°•tr e ft• s! =h tt .}n ss~f rt~s¢r try rrasanaftl}°
<br />r~w;r* tr ~~crrz tPtar the hen asf this f']ted of Trust l.rrtder: snrrrrst sn its: f rnprrtY ~.rnJ Aor~rmvrr'z c~t.tigation to pay
<br />
|