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<br /> � 96
<br /> ' s� �, �:. t.:.� — iU�i 3 _
<br />. � In tAe event oF a total taking of the Preperty, the p�oceeds slwli bd r�ppliad ta ttw sums s�eur:.d bV this Dccd o(1'cust. _.
<br /> with the sxr.ess, if any,paid to 8orrower. In the event Qf e pertiel teknp�f tF►e Prapariy,ur�tesA dorrower and l.entler
<br /> ott►envise egree in writing,there shail t►a+�ppliad to the sums aecured by ihip Uead af 1'ruct cuCh prOportwn ol the procpods _
<br /> � as is eQual to that propoRion which the amount o1�he�seu�a ely p►la�to the da�ts ol t�kUrip�wif h thesab�lanpCi o1 the proceeds =-
<br /> � taking bear�to tha fair market vafue aF the propartY _
<br /> pAl(S[0 BOfPOWEt. �
<br /> A
<br /> � IF the PropeRy is abandoned by Borrower,or If,elter�otico by lender to Borrow�r lhat the r.ondemno► alfe:s to make =
<br /> j an award or settla a ciaim•.or dameges, �orrower faus to rospond to Lendar withiri 30 d,�yr pRer tha d�ta such rwiico is �,
<br /> _ mailed, Lendar is authotized ta collect and app!y the proceeds, at Lendet'o opt�on, e�ther to�tsstoration ar repair of the _
<br />'-� Property or to tha sums secured by this Deed of Trust. _
<br /> UNess Lender and Borrower otherwise agree lit wrilir►� any suoh applitation ot Procae d9 to prir,cipe l S h a l l no t ex te n d
<br />�. i �li yV.alyl+��uiC iNC uu�o Vi l�io�ikii�ii�li iinii�i�Tici�io iu�uiiv�Z�1i1'J�iaQT�lpt1.^. � r.!1.��R'f'^!4f Ch•�w rlW wm�►!�nt�f c�Mh •-
<br /> ,� i:s,:ta!lm�r.i�. -
<br /> 70. Borroww Not Raaacwi. Extension ot tha time for payment or modilicAtion of amorti�ation of tl►e sums secured
<br /> by this t�ed ot Tn,st granted 6y Le�der to any successor in interest ot Borrower shall not oporato to rulense, �n a�y manner, _
<br /> � the liability at the onginel Borrower and Borrowar's successars in[arest. Lender shall nat be raqulred to commence :
<br /> proceedings a ag Inst such successor or refuse to extend tima lor payment or otherwlse modity amort�zatlon of the sums
<br /> secu�ed by this D2�d af Trust by reason of any demand made by the oripinal Borrawer and Borrower's successors in interest.
<br />' j 11. Forbavtnc�by Lsnder Not�Walvw. Any�orbearance by Lender in exercising any right or remedy hereundet,or =
<br /> � otherwise alforded by applicable taw, shall not be a waiver of or preclude the axerclse of any such nght ar ramedY. The
<br /> ; procurement of insurance of the payment af taxes or other liens or chatges by Lender shall not bo i�wA�ver of Lander s ripht '
<br /> • � to eGCelerate the maturity of the indebtedness sacured by this Deed ol Trust. _
<br /> i2. R�madlas Cwnulativa. All remedies provided in this Deed ot Trust ere distinct and cumulative to any other right
<br /> ar remedy under tNs Dead of trust or s(torded by law or equity, arW may ba exerclsed concurrently,Inde�Rdenily or =
<br /> successiYely. -
<br /> 13. Succaaaors aad Asslgns Bow�d; JoG�t end SsvsrW UabW3ty: C�pUon�. TI�+covenants and agraements herein _
<br /> � coniained sl�au bind,arxi the�ights hereunder shatl inure to,the respoctwe successors and assiqnt of lander end Borrower, -
<br /> subject to tha provisi�ns ot paragraph 17 hereot. Atl covonants and agreements of Borrower chell be jo�nt u�d severel. The
<br /> ' captions and head�n�s at the paragraphs of this Deed of Trust are fo�co�venienca onty and ora not to be used to interpret !-
<br /> " ot define the provisions hareof. =
<br /> ' i 74. Notle�. Except tor any notice required under applicabte law to be qiven in anothcr manner,(a)any notice to -
<br />� Bwrower pravided tar in tNs Deed of Trust shall be grven by maiting such notice by cenlf!ed mail addressed to Borrower at a
<br />, � the Property Address or at such other address as Borrower maY designate by notice to Lender as provided harein,and(b)
<br />�: Pny rx�tu:e ro Lender shaU be given bvi certified mail,r�tum receipi requested,to Lender's address stated herein or to such _
<br /> - other address as Lender may designate by notice to eorrower as provided iierein. Ar�y��.;i�ca pravldad ta:in i:�b D;,�C af
<br /> ' Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. �
<br /> � •14.1 •Request far Natice. Tn�stor and beneficiary requast that a copy of any notice of dei�ult and notice of sale mede -
<br /> _ or executad by the Tnistee pursuant to tha provisioas hereof be sent to the Trustor snd Bena}icler�at their raspective mailinp
<br /> ..;; addresses set forth above.' �
<br /> 15. Uniform DMd of Trust;Govsmfnp L�w:S�vaabiJity. The.form of deed o!trust aombines uniform covenants for
<br /> i� national use and norruniform covenants with limited variations by 1urisdiction to constitute e uniform securlty instrument _
<br />:� cove�inp rea!property. This Deed of Trust shall be governed by the law of the'urisdiction in which the Property is located. -
<br /> ,� {n the event that any Proviswn or elause of this Deed of Trust or the Note con�licts with appI�cable I�w.such conflict shall
<br />:� not affect other provisions of this Deed of Trust or the Note which can be given eftect w�thoui the conflictin�provisiona,
<br /> and to this end the provisions of the Deed o!Trust and the Note are dectared to be severabte.
<br /> 76. Baroww's Copy. Bonower shatl be furnished a contormed copy of the Note snd of this Deed oi TPUSt at the time =
<br /> of execution or after recordatiun hereof. -
<br /> 77. Trantfv of th�Propwty:A�swnptlon. If atl or any part ot the property or an interest therein is sold or trensfarred
<br /> by Borrower without Lenders prior written consent,exctudin�(a1 the creation o}a lien or encumbrance subordi�ate to this
<br /> Deed of Trust. (b)the creation of a purchase money secunty interest for househotd eppliances, (ci a transfer by devise
<br />;� descent or by operation of law upon the death of a joint tenant or(d1 the grant of any leasehotd �nterast of three yearo or
<br /> less:At conta�nirip an option to purct�ase,Lender may,at Lender's option,dectaro aIl the sums secured by this Deed af Tr�st
<br /> rn Fv inx►urfin�.�v�M sMd oavab+e_ Le��der sheA have waived such o�tion to accelerate if,prior ta the sata or tr��ufer,LenCer
<br /> i� aM the parson to wtam the i'roperty is to bP soid or transferred reach agreement in writing that the ct�i(oI�uCh pe�son
<br /> is satisfactory to Lender and that the interest payabte on the sums secured by this Deed af Trust ahal!be�t wch nte�s
<br /> l.ender shall request. If Lender has waived the option to acceterate provided.in this par�praph 17, end if 8orrower's
<br /> successor in interest has executed a written assumption agreement accepted�n writing by I.ender, Lender shW rdeue
<br /> Bor�ower from all obtigations under this Deed of Trust and the Note.
<br /> If Lender exerc'�ses such option to acceterate, LenJer shall mail Borrower notice of acceleration in accordance with
<br />. paragraDh 14 nereof. Such notice shatl provide a period of not less than 30 days from the date the notice is maited withln
<br />; _ which�orcower may pay the sums declared due. If Borrowe�fails to pay such sums prior to the expiration of suchpe riod, _
<br /> �� Lender may,without further notice or demand on Borrower,invoke any remedies perrtutted by paregraph 18 hereof.
<br />'� NOAt-UNIFORY COVENANTS. Bonow�r and L��furtlw cav�►w�t and apra�a foUows:
<br /> t8. Accoleratlon,Remediet. Except as provided in paragreph 17 hereof,upon Borrower's breach of any covena�t or
<br /> = agreemant of Borrower in this Deed of Trust,including the covenants to pay when due any sums secur�d by this Deed of
<br />,-� Trust,Lender prio►.to acceleration sl�al!mail notice to Bortower as provided in paragtaph 14 hereof SpeCifyinQ: 11)the bteaCh;
<br /> i21 ihe action repured to cure such breach;(31 a date not less than 30 days irom the date the notice is ma+ted to Borrower,
<br />_„� _ by which such breach rtx,st be cured;and l4)that failure to cure such breach on or before the date specified in the noC�ce _
<br /> may resutt in acceteratwn of the sums s.ecured by this Deed of Tnut end sale of the Property. The noti::e shall further inform _
<br /> � 8orrower of the righ;to reinstate after acceteration and the right to bring a court action to assert the non-existence of a -
<br /> 6efautt a any other defense of Borrower to acceteration and sale. li the bre$ch is not cured on o:before the date specified
<br /> in the notice,Lender at tenders optwn may dectue all of the wms secured by this Deed of Trust to be immediately due end
<br /> - poyable without furtAer demand and may invoke the power of safe and any other remedies permitted by appticabte I�w. _
<br /> Lender shall be eniitled to cotlect all reasonabte costs and expenses incurred in pursuing ttu+ remedies provided in the
<br /> par�fr[p�h 18,inctud�ng,but not timited to,reasonabie attorney s fees. -
<br /> power of sete is invoked,Trustee shall record a noC�ce of default in each countY in which the Property or some part
<br />' theteof is tocated ond shall mail copies of such not�ce in the marx�prescril�eed by applicable taw to Borrower and to the other
<br /> ,� persons prescribed by appGCable law. After the lapse of such time es mey be required by applicable law,Trustee shall give r
<br /> _ shaU seU the Pro�to the persons and in the manner prescri6ed by applicabte law. Trustee,without demand on Borrower,
<br /> perty at public auction to the highest bidder at the tune and place and under the terms desi�nated in the
<br /> � • r►ot+ce of sai�in on�or more parcets end in such order os Trustee may determi�e. Tn,stee mev post�ne ss�e of aH or my -
<br /> parcel af the Property by public announcement ac Yne time and place ot any previuusly sc;iu�lule0 sa e. LenQ�r or Lender's
<br /> des�gnee may purchase the Properry at any sale.
<br /> tJper►reCHpt of payment of the price b�A,Trustee shall deliver to the pu�chaser Trustee's deed conveying the Propefty
<br /> � :ol�. T!:e^e�tas in the Tn,siee's dsed shaN ba prirna facis evi�encs of the tn�th of Lhe staisments made there�n. Tr��stse c
<br /> shal!apply the proceeds of the sate in the foltowing order:(a)to all reasonabte costs and expenses of the sale ,inctuding,
<br /> but not I�m�ted to,Trustee's fees of not more than 96 of the gross sale price,reasonable attarney's fees and costs
<br /> of Y+tle evidence;(b)to all sums secured by tFus Deed of Tnut;and(c1 the excess,if any,to the person pr peisons Iepelly
<br /> entitted ihereto. -
<br /> 19. 8arow�Ps Right to R�ir►sta�. Notwithstanding Lender's acceleration of the sums secured by this Deed of Trust,
<br /> Bo►rower s1�a11 have the right to have any proceeEings begun by Lender to enforce the Oeed of TrusL discontinued at any time -
<br /> pripr to the eartier to occur of iIl the fifth day before the sate of the Property pursuant to the power of sale containad in the -
<br /> ' Deed of Tn,st(ii1 entry of e judgment enforcing tivs Deed of Trusi if: (a)Borrower pays Lender all sums which would be then
<br /> due under this Deed of Trust,the Note and notes securing Fut�re Advances, �f any, had.no acceleration occurred:Ib)
<br /> � Borrower cures a!!lxeaches of any other covenants or agreements of Borrower contained m th�s Deed of Trust: (cl Borrower
<br /> � pays aU reasonabte expenses incurred by Lender an0 Tn,stee enforcing the covenants and agreements of 8orrouver containod -
<br /> ; �n this Oeed of Tnu-t and�n enforcing Lenders and Tnistee's remedies as provided in paragraph 18 hereof,including,but not _
<br /> `' limited to,reasonabte attorney's fees;anE(d)Borrower takes such action as Lender may reasonab►y require to assure that =
<br /> the lie�of this Deed of Trust, Lender's interest in the Praperty and Borrawer's obligation to pay ti�e sums secured by this -.
<br /> Oeed of Trust shall continue unimpaired. Upon such pa�rment and cure by Borrower,this Deed of Trust aid tha oblipetions _
<br /> �
<br /> cecured hereby shaU remain in full torce end effect as�f no acceleration had occurred. --
<br /> cc�o��ras► 3 �..
<br /> � f
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