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<br /> � r. NON-LINIFOIdM COVENAN'f'S. Bormwer and Ixnder funher covenant and agree as foltows: ` �.�` ` - .
<br /> . •�tc ; _'_ ` °_
<br /> � ' � •` 1 7. A o o�a n: R�tcs- Ex�t as pmvtde8 in parag�aph 16 heceof.upon Borrawer s breach of eny ooveaant �fi . . .
<br /> '*. ` or ap,c�ment of Boirow� in Wia Beed of Tntst.lnc d u d i t tg B onower's f a i ture to p ay,b y W e e a d o f 1 0 c a 2 e n Q a r d a l� : (__ ..�. ._
<br /> , �� i aiter Wey are due.any sums secaced by tLis Daed of Tcnst,I.eader prtor to scoeleration shall give notice w Bonoav� , � .
<br /> . , as pmvlded in paYagcapm 12 heieof specifyin�(1)the breac6:t2)the acttan ceq�i�ed w cure snc�6�: (3)$date. . , .
<br /> .. . � unt tess than ZO daya from the date t�e notice is maf3ed w Boaawer.by aLtc�sush breach must be cu�1:�d(4)tbai ,•�, _.':. �. .
<br /> � fa�n�e tn ciue sach breach on or before t�e d�sp�!s!he�may tesult in asxeleration of tbe snms seaa�red '_�;��;�..,�.-_
<br /> . •-` by this Deed of Tinsi aad sale of th�Pcope:ty. 'Ibe nodce shall fiuth� iafmm Boaowec of the rig6t w reinstate after . �. : ,
<br /> '�.;;�.,� aooeleration and the �ight to bring a court acllon to assert the nonexistence of a def�lt or any other defe�se of . .
<br /> ati
<br /> ��__-%: Boimwer w sooeleration and sale. If the btea�t is not cvre� on or befoze the date specifced ia the notice. Leadet, .
<br /> � � _"� '': at [.eader's option. maY deciare all of the sums secu�ed by this Oced of'['n�st w be lmmediatetS► due aad payable : � . .
<br /> ` _,�- y_.;_ " •
<br /> � arithout fiuther d�d and may iavolce the power of sate and aay otttet remedies pe�mitted bY ePFltcable law. Leader :;:.��
<br /> ` sha11 be endtted to wltecK all teasonable costs aad expeases incurced ln p�suing the remedtea proeided la tbis . - '.
<br /> parag�aph 17,iacluding,but aot limited to.reosonable auomeys' fees. � �� .. • �!; .�
<br /> : _ If the pawer of sate�s invoked. Tmstee shaU reoord a notioe of defanit in eanc �ounty in arhicb the Property or ''t. , ... .: • ��':�' .
<br /> . .. some part theieof is tocated and sbaU mail copies of Such nottce in the maaaer prescrlbed hy appllcabtc law w , .
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<br /> - . - � Bono�ver and w the other peisoaq prescdbed hy a�pl�ceble taw. After the lapse of such t�me as may 6e required by . --
<br /> . . appllcable law,Tnistee shaU gtve public nodce of sale w We getsons and tn the utanner prescd6ed By agplIcable law. . . , ._:;:-,_.,:I-
<br /> -� Truste�. without demand on$onower. shall sell the Pmperty ai pnblic auction to the i�ghest bldder ai the time and ,, . •:=r.--T..._.
<br /> - place and under the terrns desigaated ia the noHce of sale in one or mure parcets and in snch order as Trastee may • . � _ _ �=
<br /> determine. Tn�stee �nay postpone sale of all or any pa�el of th� Prnpe�ty hy public annouucement at the time and � --
<br /> � piaoe of anq prevtonsly scheduled sale. L�tder ar I.ender's deslgaee may purchase the Fc�apecty at aay sale.
<br /> • . . `::; Upon receipt of paymeut of the prFce b3d,Tmstee shall deltver to the purchaser Trustee's deed coaveying the .
<br /> �; -. Ptuperty sold. 'ihe recttals in the Tnutee's dced s!� be prima fade evideuce of the trath of the statements made
<br /> ` ttterein. Tn�stee sLall apply the pmceeds of the sate ia the following order. (a)w all mzsotiable oosts and eapense's .. :,,;� �
<br /> �`� � " of the sale,including,birt not llmtted w.7iustee's fe�s actually inca�r�ed of noi mnre t6at► 0 %of ' r�".�y;`
<br /> `. :„ , � ; the gross sale price.reasonable auorneps' fees and oosts of titte evidence;(b)to all sums secuted by Wis Deed of Tms� ,.
<br /> - aad (c)the eacess.if any,to We persan or persons legally�tided theneto. -. : •�
<br /> . 18. Bormwe�s Right to Rebosiate. Notwitbstauding Lender's accelerat�oa of We sums ser�u�d by this Deed of :. '-� -�� .
<br />. 3 ...» . 4' '� . �.
<br /> ' Trust,due w Borrawer's breach.Borrower shall have the rigUt to dave any piooeedinga be�by Lender to enforce �:�.._w . �
<br /> this Deed of Trust discflntinued at any time prior w the earlier w occur of(i)the fiRb day E�¢fore sate of the Pmperty ��..��r;��
<br /> : , puzsuant to the power of sale contained ia this Dad of Tnist or(ii)enuy of a�adgment eafon�ing Wis Deed of Tiust -. -" �"
<br /> . if:(a) Bozrower pays Lende� all sumg whlch wm�1d be then dae ander this Dzed of Tnist and We Nate had no �:�'.�`
<br /> � acceleratton a�: (b)Bomuwes aues ail breaches of any other �venants or agreemeats of Bo:rower oontained �.��.;'.��,,-':�
<br /> . � in this Deed of Tn�st; (c) Borrower pays all reasonable e�penses incurred by Ixnder and Tn�stee in enfo�Ing the ., , ',:�q
<br /> � - cavenauts and agreements of Borrawet wntained in this Deed of Tn�st and in enforcing Lender's an� Tmstee's ....:�,_i'�
<br /> � . . ' remed{es asprov�ded in paragraph 17hereof,includiaig,but noi llmited w,reasoaable auomeys' fees;and(d)Borrower � . ':��.5�;,s��=
<br /> � ' takes snch actfon as l.ender may reasoaably iequire w assure Wat the liea of this Deed of Tn�st, Lender's intecest iu :;..�.°
<br /> � �- - - -� the Pcoperty and Borrower's obligatton to pay the stuns s� by this O�d of Trust sliall cont�nue w�impaired. � s��
<br /> � ._ .. � UpaA such payrment aad cuce by Borrower,this Dced of Tmst sud the abligatioas secured hereby shall zemain in fu11 � �'" ~'
<br /> { � � force and effect �if no acoeleradon had ooairred. � T` `
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<br /> � _ 1g Aa�ig�t of Iteata: AF�nint� of Recxive¢; Leuda in Fn�sfon. As additional seca�rIty he�utder, �,; ;�
<br /> �. ' . ' gurrower hereby assigns to Lender the reats of the Fmperty,Provided that Borrower shall,prior to acceleratIan under , :' ;345-
<br /> �� . pazagraph 17 hsreof or abandonment of�he Property,have the right to ooltect sud retain such rents as they become • . •,' }�.__
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<br /> _ . due and payable. �� : ���:
<br /> ' . Upon accetecatfon under paragraph 17 hezemf or abandanment of the Pcoperty,Leader, m person,by agent or by, , '. �'�"=_
<br /> - ' judiciallY apPointed receivet sha11 be eati@ed to enter L^�on.take possession of aa�manage the Property aad to wllect .. :J,��
<br /> � '� tbe rents of the Property including tbose past due. All rents colleaxed by Lender or the receiver shall be applied 6rst ,";. .� .�:.�+;.=-�:
<br /> � • , to payment of the costs of managemea� of the Property and collect�on of reats,Including�but not limited w.receiv�r's �
<br /> '� ��,: �.:
<br /> ' � fees,premtums on recetver's bonds and reasonable attomeys' fees.�d then to the sums secured by tbis Deed of Tmst. , .
<br /> . � Lender and the receiver sha11 be 1ia61e to account only for those rents actualIy �ecetved. _ _ _° .
<br /> , ,. ..i 20. Reo�us�yanoe. Upoa payment of all sums secured by t6is Deed af Trust, I.ender ehall requESt Ttustee w
<br /> ' � ` j reconvey the �coperty aad aha11 surnader this Deed of Tn�st and all aotes evldenclug indebteQness secured by this '. ��
<br /> � � Deed of Tnist ca Trustee. Tnutee shall re+eonvey the Propaty► wi�out wattanry attd wlthout charge to the person o�� . �
<br /> {; pe:sons tegally entiued thereto. Such pe�son or persons shall pa�a]1 costa of recordattan. if any.
<br /> � � 21. StLstimte 'i1�s�ee. Leader,at Lender's option�may from time to time remuve Tmstee and appoint a successor .
<br /> � � � m�stee to any Trustee appointed hereuader by an instcument recorded tn the county in which thls Deed of Trust �S
<br /> ; recorded. Without conveyaace of the Pcoperty, the successor qvatee shall succeed to all the tltle, power and dut�es �. �
<br /> � confened upan the Trustee herein aad by applicable law. .
<br /> � ; 22. Request for Nolloes. Boaower requests that copies of the notice of default and notice of sale be sent to , .
<br /> � Borrower's address which is the Property Address. ' ,
<br /> . � RFQUFbT FOR NOr1TCB OF DEPAUL'Q' �
<br /> , ': ' • AND FO1iFCLOSURB UND�i SUPBRIO�t .
<br /> � � MORPGAtiLS OR DBEDS OF'R�UST •
<br /> � � Borrower and Lender request the holder of any mo»gage, dced oi tnut or other encumbrance viith a lien wf�ich :
<br /> . has priorlty over tlus Oeed of Trnst to give Notice to Lender. at Leuder's address set forth on page orce of thls Oged .
<br /> `'' of Trnst, of any defanit under the superior encumbraaoe and of any sale or other foreclosure action. :
<br /> . . • • •� N�RASI{ASECOND MOICfQAO$•1/80-FRS�11Df�8'� UNII�ORM INSfYtUIIfIBIJf t'mm 3t�8 .
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