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~~~~7 <br />~~ ~• Coadeiaitea9b®. fhr proccrcfs o< any a~a~ard nr ~Iarm feyr damages, drrtct or cotssequential, in connection wish arty <br />condcmitation or Direr taking of ttre Property, ar pan thereof, or for conveyance in lieu of ccndemnatian, are hereby assigned <br />and shalt be paid to Lxoder. <br />fn 4tae event of a total taking of the Property, iha pracceds shah be anpficd to the sums secured by this Dred of Trust, <br />wsth the rxtxu, if any, paid to Borrower. in the event of a partial taking :+f the Property, units Borcower and Lender <br />otherwise agra in writing, Ifsrre ahal! be applied to the sums secured by this Deed of Trust such proportion of the proceeds <br />as is tnf to that proportion whfch the amount of the sums xcured by this Deed of Tsvst immediately prior to the date of <br />taking hear€ to tPu fair market value of the Properly immediately prior to the dale of taking, with the balaner of the proceeds <br />paid to Borrarorrr. <br />tf [he Property is abandoned by Borrower, nr if, after notice by Lender to Borrower that the condemnor offers to make <br />an award ar satk a claim far damages, Harrower faits to respanal to Lender within 30 days after the date such notice is <br />tttaikd. Len~r is authorized to collect and apply she pnxerds. at Lender's option, either to restoration or repair of fhc <br />Property or to the sums sectrrtd by this fhtci of Trust. <br />Unless Gender and Borro..~r otherwise agree in venting, any such appficauan of proceeds to principal shall not extend <br />or postpone the dice date of the monthly ;astallmcrtts referred ro m paragraphs 1 and 2 hereof or change the amount of <br />such itatalimcots. <br />iB. 3Otrssre~ Nab tReksred. Fxtemion of the time far payment or modification of amortization of the sums secured <br />by this f7ssed of Trust gamed by Ixnder to any successor m rnterrst of Borrower shall not operate to release, in any manner, <br />the liability of the origsnal Borrower and Bortower's successors in !merest. Lender shall not be required to commence <br />protxaiings agaiesst such successor or reftue to extend time For payment or otherwise modify amortization of the sums <br />secures 6y this Deed of Trust by reason of any demanrt made hp the original Borrower and 8arrowcr's successors in interest. <br />i 1. Fesrlsearawee ry Lesrdrr Not a *,Oafvre Any (arbearance by Lender m exercising any right or rerrsedy hereunder, or <br />t><hcrwise affortkd by applicable law, shall not tsc a waiver of or preclude the exercise of any such right or rcmed}•. <br />1?te procurement of ituut'ancc or the payment of taxes or other liens or charges tsy Lender shall oat Fee a waiver of Lender's <br />right to atxeieratr the maturity- of [he sndebtedness secured by this Drcd of Trust. <br />i2, ttettttrtedkx Ctrmtrlesp•.e. Ail remedies prav!ded m thss Deed of Trust are distinct and cumulative to any other right <br />or remedy under this Deaf of Trust or atforded by law or cyuity, and may tx exercised concurrently, independently or <br />successivelyy <br />tJ. 9teeeraanra sad AxalRoa Boustd; Joint std Several Liability; Captions. The covenants and agreements herein <br />contairxd shalt bind, and the rights hereunder shatl inure to, the rrspecuve successocs and assigns of Lender and Borrower. <br />wQjeet to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall t+e joint arzd several. <br />The captions and heading; of the paragraphs of this Decd of "Trust are for convenience onh• and are not to lx used to <br />interpret or define the provisions hereof - <br />t4. Notke. Except far any nonce rcgwred under appbcaMe law to be green m another manner, la) any notice to <br />Borrower provid-d for in this Derd of Trust sisal! he g!ven by m:ulmg such notice by certified mail addressed to Borrower at <br />the Property Address cr at such other address as Barrrowrr may ciexrgnatc by notice to !.ender as provided herein, and <br />th) any tsotece to l.en~r shall fee given by certified mail, return receipt requested, to Ixnder's address stated herein or to <br />..-h Nor s.u,~ ~. e~ .' ...e ,''W:°""- by - -- -- - - - --- <br />°• ._. _ .oy ,a,.e,s ..a tc~ :.; Bor,r,.:~r a~ provided i crcin Anv notice provided far in this <br />thaeal of Trust shall fir deemed ro have horn ~iveu~to Borrower or !.ender when +given in the manner designated herein. <br />i5. Cfrtitorrt bred of Trxsss; GovrraieR taw; SevmbBit}'. lh!s form of deed of trust combines uniform covenants for <br />natiattal use and non-uni[oem covenants with limited variations by iurrsdiction to constitute a uniform security instrument <br />iYavrring real paxsperty. This Dyed of Trust shall f.c gc~verneti Ryy nc~ taw of the lurisdictian in which the Property is itxated. <br />to fhr event that any lxovisian or clause of this Deed of Trust or the Note canflias with appliwhle law, such conHirt shall <br />root affect other pprovisrons of this Decd of "trust or fhr Nate which can t>c given effect without the conflicting provrsron. <br />and ¢o this end the provisions of fhr Deed of Trust and the Note are declared to tx sevrrablt. <br />trL. Brrsrewar's Copy. Borrower shall fl,r furnished a conformed copy of fhr Nate and of this Drrd of 'Trust :u the time <br />cif caectuian ar nftts recordation hsreof. <br />f7. 'S'rs~tr o! ire prepaAy; Aaits>asptlfaa. ft all „r any part c+f the Property ar an intrust therein rs veld ar rransferrcd <br />b) Borrower without Lender's poor wntten consent, raclud!ng tar the rreatron of a hen or encumbrance sutx+rdinate to <br />this Dttei of 7itat, f 6) the creatran of a purchase :nrsncv seaunty §utcrest for household apphancrs, 1 ~ 1 a transfer by devise, <br />dexene or by operation of law t,pon fhr death of a ;Dart tenant ,x 1 d } the gram of :uty leasehold interest of three bears or less <br />not containingg an option to purchase, f ender mav..rt I cndcr's apt!on. Jrdare all the sums srcurril h1~ the [heJ of Trust to be <br />rmmediatcfy dtse arod payable. finder shaft have wa§vcd such aptren to aar!erate !f, prsar !o the Sala or transfer, Leniler <br />and filer person to wtsan the Prapmrty §s to Ix w!d yr trans(rrred reach agreement us wnnng that fhr reedit of such person <br />rs satisfactory to Lender and that the !ntrrest pa}at+k on the aorta secured hp this Decd of -Trust shall t+e at such rate as <br />Lemier shalt regrxst. It t.encter has waived fhr opt,rm re a::rferate provrdrd !.r this psragraph 17, and it Borrower's successor <br />.° ~' ~ free t~~.':' a wrtt;z :.saump~scn sg ~-rtcr,t _ - pied rt, --'rrttn h}' T.rnder, !.ender shah release Borrower dram <br />all~aflli trisrss uatiar t[tts Drrd aof Trssst arsd the Nrte. <br />t€ txttiieer rxrrzises suc3t apticrn to auceirratr f ruder .halt mar( Ho!rowrr notrre of acceleraucrn m acaordanrr wins <br />f:~...gq-at:. ,+.~ wt :,r,., i ~ z::! t..,..,.;r t.r cf r t __a rrzan ' U onus jrTt~ the ddtC fife natirc is mailed within <br />w'?r ~ srraw~r r":ay ;,-l:e _....a #~ i_Fe~.=i ==±tee if ~srt ~... .a.!s ... ,,a, -...,,;^ rut:;- t=r.ot to flee eapiratii.n ,rf sueft f_xticxf, <br />i.r:.fir iwiy. w;t~h:sit tirt,:cr rte:§~ or iii§i":and, r.n oarn+wrr: !ns+,ie an. rrutrtlrrs permsitrd fey paragraph ! d hereof. <br />-.. .......... ....... ~-f. ~..~tit'-- ..~,...,.~.,. ~..,, .-r`tt€~r .u....s, -.-_ _° --d #e~trr as s`nf:caws: <br />'!:_ ~__~~-~ ~~~. ~--;< r .te=rm:,r r•x <br />- ~ y~M* k. ~.-~ .+ f~~. aorta B~~t.-.ems ij.esscis at say rovegaot or <br />tgreement of Borrower is fhb f7rrd of Trwt, iarladfag the coseaaats to pay wren dtx any stems srcurrd by this i)eed <br />of Trtet, Leader prier to acaxkralion sraB matt mrtia'r to Borrawrr ss prosidtd fa prrt~rapr id hertaf sprrftyiag: (I) the <br />hreaeM; fJ1 fee acHoa Mai-rd to ewe seer breach; fJ) a date, nut fora than 30 days feast the date fhr notce r mailed to <br />Borrower, hY wlpc6 sari beseech maW br crrrei; sad f~f) that failure to cure Barb breach oa or before the date specified <br />is ire aotke taay rstsuli in acceteratiun of the .oars second b} this Deed of Trust and ssde of ire Property. 'Flee erotke <br />sltai) fertrer futorta Borcawer of ire right to raiessrafe after w•rrlrratisru amt Itce rfght to bring a court action io assert <br />lee erw-rx~tracr of a rkfault or an} attar Jrfrasr of Borrower to arceltration and sale, If fhr (mach it not cured <br />era tq' rNOM tit date specified in Itrt rwkier, Lender at Leader's apse..... may dectarr aft of the sums snared by the t)erd <br />of Trssai to be isaatediairly der and Pa}able without iurthrr demand and may insake ter pawn of sale and any other remedies <br />tvrreaittrd by apptictdde taw. ixuder shaft be entitled to coBert all reawnablr arts and etpeases incurred in pursuing the <br />rcaisdiea provided is this prragrrph 18, iarludirtg, but nut iemifrd to, reusumthk attarar}'s tees. <br />It fir (wwsr of salt & forol§ed, Trustee shall rrrord a ,srrlke of default ite rw•b coos!} in wbkb the Pt»periy ar same <br />pars thereof is (ocafed and sttafl mail rop!ica Vf sorb rwsticr In the nlannrr prrsrnihrd h} apptkabk law to Borrower and to the <br />sNher ptesoas proscribed b} applktribfe taw. .after the lapse al such time as eew} be rrysdred b} apptfrable law, Trastrr shat! <br />give pteAtk rvodre of xak io the persons and in fhr moaner prescribed 6} apptkah~r law, 1'rustre, withsrnf drmaad an <br />Borrower, watt self err Property at pobltr aurtian i.r fhr highest dtiddrr a! fhr itrrtr acrd <br />plaa-r and under Ihr terms designated <br />it ire erotica 4t eale is sae or more pwrcr~ sad is such wdrr as `1'ruslrr nay drtrrrttim. Trustee may postpaae sale at all <br />err say parrot of err Ptsaperty by pu asnouncraxnl ai fhr time sad plan of era} prcvierusty schedrided sale. 1 ender or <br />I.aadet''a dsrfBare may pwrhre err Peopert} at any safe. <br />~a ai~ig 6iiail 9fier to ifte iirt Air fl ruse <br />Ll ~~ -~ i~r ~ 3~ t~~~ . • -. - .. ... p - - , rr-v lter_ei roavr}-iw), tfer t'r+rperty <br />~a •r~ ~.•::~ IH t~ Trrsd~ s ds~d °,h:; br prieua tack evideare at the truth of fhr siaiemeats made tiurcia. - rsWee <br />s>~ apply err prtreredat of ire !sale is ttrc tolkrwfs~ order. tai to all rcarsusrable rr!rsts artd ezpetasrs irf the safe, itrrludiug, tali <br />sot BttslFrd tw, Tnr.Ner`x tees ed na! renrre thaw . f ~. "= of fhr gnr~ safe price, reasonable attarnrt's fees and crest; r>f <br />i~ rv~; fief tai aB strati srcumi by thk t?rr:~ eat Trust; and fir) the escests, if any, to fhr pertwo or prrxom legally rnttttrd <br />titer. <br />19. Bo!rrowtr'r ~rl to Reiastatr. Notw rthstanilmg Lx nder'a arcclcranw, of fhr soma a=rurud by fhr, Decd of Tru,r. <br />i#srrawer shaft have fhr right to have any pt.xced,arrs begun by t-ender to enterer Chic Tked „i Trust ,irscavrtusued at <br />any rrmx i>rsur to fhr tarbrt to ex:ctu of O) the fifth day before fhr ,ate «f the Property purseant to nc~ fti,wer of sslr rnniamrd <br />u, this I~cvf csf 1'rt!st err (iii entry of a fudgmeru enfarriag, this Ihttd of Trust rte tar Borrower pays t o-~nder all st~ns+ which w,ndd <br />E!r then dr,r strodtt th§s heed of Trt»t, the Nwr and ru,rcr ice :,r!n6 f enure rYdvanscs. ~f env, ha.f no aiirlcrarion ,K Ctu red. <br />fhi B4rruwtr cures elf hrcaehes ,+! any oUser it,unants ,:r .agrreotrnt-..tf Gaeta.+cr c: °;a:ned rn th+s Uc-cd ,d inr.t. <br />tt) Br.,t n,wcr pays ai# rs.asonabfr eaftascs ,tic aired by I sndrt :end Tr§rstee ~n er~f.,+~,ny; 'hr r.,sr.n sot. and ar;rrcnre tit, . <br />isorrowar somarned in this T)erd of Trutt and n+ enkxc"ng (mile! .and footer ~~ rcr;+.r drec ,,s rr. r!ded s.r f~sr agrap:. <br />A§erec f_ costae#ing.:rut rst:t drnr+te+f ter. €raaoaahtr att„rnry~~. - ,and ~-i) Hnrradc r take. ~-,u -h - . f r.,d,,r ,!,., <br />require. h, aswrc ttaat eta: fora c:f this ~€d r±t inert f e-r,>i:< ~ .tit,°rr.t .~ 't,= f ~,a;rr!s ,..r! fi„{; ..,_!'. ,a,§ ! „-, ,, , - <br />