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98100822
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98100822
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Last modified
3/12/2012 9:38:51 AM
Creation date
10/19/2005 4:57:27 PM
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DEEDS
Inst Number
98100822
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,.� . . <br /> ...�, .. <br /> ,� . . <br /> . ..... r..��.....,.. 1_ „ , ,.,' ' . •• . <br /> . �<�..•= <br /> �(19822 <br /> 'Proceeds')In connoctl�n with condemnaUon or other taking of the Property ar part thereot,or for convey g�in Ileu of condemnAtion. - ___ <br /> Lendor shali bo ontltled at Its optlpn to commenea,appear In and pro�ecute In Its own neme any action or proceedings,and sha�l etso <br /> be entitied to make any compromise or settlement In connection with such taking or damage.In the event any portion of the Properiy is " <br /> so takun or damaged, Lender�hall have the option In Its sole and absolute discretlan, to epply el) such proceod�, after deductinp : <br /> therefrom all cASts and expenses Incurred by tt in connectfon with such Proceeds,upon any indebtedness secured hereby and In such _ <br /> order As Lender may determine,or to apply efl such Proceeds,after such deductions,to the restoretlon of the Property upon such con- •• _ <br /> dlNnns as Lendar mey determine.Any applicetion ot Proceeds to Indebtedness shatl not extend or postpone the due date of any pay- <br /> ments under the Nota,or cure any defauit thereunder or hereunder.Any unepp8ed funds shail be paid to Trustor. `�- <br /> 8. Porformaneo by Londor. Upon the occurronce of an Event of Default hereunder,or if any act Is taken or legal proceeding <br /> . commenced which materlally affects Lender's intarest in tho Property,Lender may in Its own discretlon,but without oGligation to do so, - <br /> ° end without notice to or demand upon Trustor and without releasing Trustor from any obligation, do any act which Trustor has agreed � =--- <br /> �,,,,.;,,,:..� but failed to do and may elso do any other act It deems necessary to protect the security hereof. Trustor sheli, immedlately upon _- <br /> •�+.t demand therefor by Lender,pay to Lender a!I costs and expenses incurred and sums expended by Lender in connection with the exer- - <br /> clse by Lencler of the foregoing rights,together with Interest thereon at the defauit rate provided in the Note,which shali be added to - <br />
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