|
---��.: .;r
<br /> ` , � ;;-
<br /> • _....,...
<br /> ' .. .. ' . ' ' ,_ � � � . ,v7r1Y "_ .
<br /> �0,' 3����'� 100�&5 02/06/1997 _ _
<br /> I 'rAOY WAMPOLS •
<br /> 9. CandemnA4ton.The praceeds of any award or d�im for damages, direct or consequeatial,in cnnuection with any
<br /> ' cundenmation or otliet t�lcinB of the Pr�petty, or part thereof. or tor cotweynnce in Neu of condsmnadon, nre hereby Y
<br /> assignPd nnd sliall lse pald to Lender,subject ro tLe temu of any mungage,deeJ of tntst or otlier security a�reemeat with a �
<br /> lien whlch has pdority over d�is Deed of T'�st. �� 4,�.
<br /> � ip, Borrower Fdot Relc�sed{ Farbearnnce By l.ender Not �a Wa�o�r• Excension of tUe dme for payment or _
<br /> tucxilficadon of amorti�doa of tt�e sums secured by tWs D�ed of Trust granted by Lender to ae�y successor ia interesc of
<br /> 8urrawer shill nat operate to relea,se, in any maaner, th�liabilicy of the origiaal Borrawer and Borrower's successors in .
<br /> interest. I.ender shnll not he requlred ta commence proceedings agalnse such successor or refuse to eatend time far payment
<br /> or otherwtse naodlfY at�wni�ttou of ths sutns securet!by this Deed of Trust by ceason of any deattand mr.de by the ori�inal
<br /> aodl
<br /> Borrower nnd BaKOwer's successnrs In interest. Any forbearance by I.ender in exercising any right or remedy hereunder.
<br /> ar otherwtse afforded by appficable law,shell nat be a wa�ver of or preclude the exercise of:u►y such dght or remxdy. •
<br /> 11.Successore�u►d Ass��B°�d;Jolat and Several Uablllty;Co-sl�ners• "I'he covenants nnd agreemeuts herein
<br /> coutalaed a�u�ll buxl,aua�e rigl�w hereunder shall inure to.the respective suwessors and assigns of Ixudcr auJ B�►ruwai. Y
<br /> subJxt m the provisions of paragruph 16 Uereaf. All covenants aud agreements of Borrower shall be joint and several.
<br /> Auy Hoxrower who co-slgus this Deed of'iYust.but dces not eaecute d►e Note,(a)is co•sigaing chis Deed of Trust only to
<br /> graus and convey that Borrower's intenst in tlie Property to Tsustee under t4e terms of this Deed of Trust, (b) is aot
<br /> personally Uable on the Note or wider this Deed of Tcust.an�(c)agrees that Lender and any nther Borrower hereunder
<br /> f'`ry�!Yrc'-'
<br /> may agcee to extend,modtfy,forbe�r,or make any otlier accommodadons with regard to the terms of this Deed of Tnast or -_���
<br /> � the Noie. wlthout that Borrower's consent and without releasfng that Borrower or modifying this Deed of Trust as to tbat :�,�
<br /> � Bomower's tnterest in the PropertY• . `�.�='•�•�
<br /> ' D2. Na2ice. fisccept for any nodce required u�der applicable Iaw to be given in wother mnnnner. (a) any not�ce to • - -_ _
<br /> , B a r r o w e r p ro v i d e d for tn this Deed of'Czust shall be given by delivering ie or by mailing sucG nudce by cei-tified m:dl . . ,. ,,,�,.
<br /> addressed co Borrower at the Property Address or at such other address as Horrower may desig a a t e b y n o t i c e t o L e n d e r a s ��;. .S�- xaY"
<br /> provided herein.and(b)anY uouce to Lender sh�ll be givea by certiSed mail to Lender's address stuted herein or to such t
<br /> �'. ;r
<br /> ott►er address es Lendar mxY desigt�ate by nouce to Born�wer as pmvided hecein. My notice pravided for in ttnis Deed of ,� '�^�.,�`���
<br /> Ttust shall be d�emed to have been given to Borrower or Leoder when given in the marmer designated herein. ,'�'•.,���.
<br /> ' 13.Gov�rn(n�Law;Severabllity.The state aud local laws applicable to this Deed°I������ �w t f this . �,. �
<br /> jurlsdIcdoa in w6ich the Property is located. 'TTtie foregoing sentence sha11 not limit the app
<br /> �• Aeed of Tnist. In the event th�t a�y provislon or clause of this Deed of Tnut or the Note conflicts with applicsblc law.
<br /> � such confllct sha11 not sffect odur provisions of tliis Deed of Ttust or the Note wWch can be glven effect wlthout the
<br /> conflicdng provision, und to d�is end the provistons of th3s D•ad of Tcust and the Note an declared to be sevcr�ble.As
<br /> __ __ _ _-_ � ����� •_�M,�•; •e�coenses" au�d'attomeys' fees" include a11 sums to the extent not prohibited by appllcable l�w or ,. _
<br /> limited becein. � ,
<br /> 16. BoYro�ver'e Gopy. Bormwer shall be furnir,hed a conformed copy of the Note and of this Deed of Trust at the :� � ;+_.,
<br /> � � time of execadon or aRer cecordF.don her�eof. ,� '� ���
<br /> � �. ��bW�� �tn p�rcanent. Borrower �6a11 fulfill al1 of Borrower's obligadons undot any hotne ,
<br /> xehabilitadon. impmvement. repair or other low agreement which Horrower enters inro wIth Lender• I.�nder. at I.ender'� .'t t,. �j ;
<br /> � �,;:_, i:
<br /> opdon. may nqaln Ho�rower to execute and deUver to Lender. in a form eccePtable to Lender. an assignrnnt of any „
<br /> � � rtghts.cl�irr�or defeases which Borrower may 6ave against puties wbo supply labor�msUecials or services in connxtion � ��
<br /> . with Improvemeats m�de to the Pm or a&mf'Ic1a1 Iuta�+t in Borrowe�c. If all or any Part of the PropertY or any interest ,
<br /> � 16.Transta�of the Propat�
<br /> ia�it is sold or m�nsfer�+ecl (or if a bene8eial interest in Borcower Is sold or uensferncl and B°n'O�n fi,l��f a�l�n�im .;,`��
<br /> . �. person)ti��I!.*.�tit I.ender's�rIor�zmtten coasent.T.ender may. at its opdon. recluire immediate paY� ,�r
<br /> _�:;;:
<br /> � �. secured by this Deed of Trust. Howeves.chis optioa shall not be exemisod by Lender if eaercise is pmhibited by federal ��__
<br /> ` law as of the diu�f this Deed of Tn�st. �""
<br /> � ' � If Le�r exercises thls opdon, Lender stull give Boreower nodce of acceleradon. 'IUe nodce sh�11���� ----
<br /> ' o f n o t l e s s d�a n 3 0 d a ys froin t1�e dite the aotia is delivend or wailed wttl�in whiz'h Borrower must pay _ ..----- -
<br /> � by this Dad of Tnut. If Borrower fdls to pay these sum�Pr�ol to the exp i r adom o f t h i s p��o d. 1-o n d e r m a 9 i n v a k e a n y --_
<br /> • � � tted b this Da:d of Tcust wlthout funhcr ratic,e or demand on Borrower. --_
<br /> nmediea pecuii Y - - - - -
<br /> NnN-Ut�F'ORM COVHNANTS. Bonower and Lender fitcther covenAnt and�f, u�pt��wa,'e breacd of ony ---
<br />_ � � 17. Acoeleratloni Itemedles. EslcQpt�Dxed ot�Tnast, Inclu�din� Hormwar's fallnre to pay. by the end ot 10 =-_-
<br /> :� ooreeant or �reaneflt of Borrowa' — _��..�
<br /> calendar days a[ter tt�y an due,aq1 euns secur�ed by this Deed ot Tn�st�Lsnder prior to aocderaHon ehall give —
<br /> noNce to Borrowa a�prosided In par��rsPh lx hereo[ spectt�in�o (i) the breac63 (Z) thx actlon stiqudred to cure .< YY}�''-.'� .,��.
<br /> ' �� . euch breach3 (3)a datq not les�than 20 da'e fran We date the noUce v mWed to Borrower.by wWch suc6 6reach ��;.; d�'
<br /> .�«.. �n �r c.::�':',�:
<br /> ' must be curedi and(4)t6at fdlun to cure such breach on or beiore t6e date specitted ln the notice may risWt in r...,;_,,..:,.,.��...�.,
<br /> � accd�aHon ot t6e s►ms secund bY thi� Dced ot Tnat and sale of the Propaty. The noUa sl�all turther Inform �� .
<br /> c
<br /> ' i�'�.'�..::
<br /> .. •,, . .
<br /> � . : Boerower of the d=ht to relaitate afta tacderatlon and t6e ri�ht to Ddng e coiut adton to e.�se:t tlu nonadstence of . ..
<br /> �dd'tuk or any otha'defe�e of Bonower to accdesytlon and s�le.If the breach Is not cured om or be�ore the date •-
<br /> , spedikd In the notice� L�da, at Lender's opdon,Quy dectare all of Rhe som�s secured by thls Deed o�Tnut to be , .
<br /> ' immediately dnc and paynDle wtthout further dan4nd and may lnvoke the power of sale and Rny otlxr�n
<br /> permitted by appl[caWe ls�w. i.eader stWl behastitinctudingl but not li�nteed toc rc�so b e ttoprney'ters.
<br /> . pureutnf the ranedies pro�tded tn thls para�ap
<br /> It the power o[eale is invoked,'fntistee sha1�record a nottce of detault ln eacl�wunty in which t u�PropertW`r�
<br /> __ ._ some put tt►a+eof l� located and stnnll mW wpies ot such nQRice tn the Qearu►ee PrGSalbed by Rpp :
<br /> --- ' n.,.,.,�.�..�..�en the othn�ustsoro prescrilxd by appllcable law.A[ter the lapse oi such d�e oa wsy Me requ�re�1 bp
<br /> . .._ .�_�_..._._........t�..d hv snnuriblc — __ -
<br /> . _ _r_ , ......_.� .—_
<br /> ' - IlR nna w a.c n�w....�.. r�.�....� -. -r� -- -
<br /> ppplirablc ls�w► T�vstes sh�11 gf�e public notla ot stie to t pe�su
<br /> ,. ��w�T�������nd o�g�trowa�shap sdl the property at publlc auc¢ion to the hS�hest btdda�at the Qlime
<br /> amd place and under the tenn+desl�ated In ths notice ot sale In ona or more parcels ll d�u rm�cet Rt the c�e >.. .
<br /> mu,y dctern+lue.Tn�sta m�y E�p�eale mf�Il or xny parcd of the�P�urct�c the PropertY at�ny�ele.
<br /> �d plue of uey pre�la�nly dci�edWed eale.Lendrr or Lender s desf�nee Y p
<br /> Upon recelpt o[p�yn'►ent ot Ihe price btd�Tnntoe nlut�J' dellva to ths pu►�chasu'Trusta's dad conveytn�the
<br /> , prop�rty���!tt,T�e r_�:ltate ln the Trustee'e dced shall be Prtms Pacle evtdence ot th�truth of the s����^+"�'�'rnn�tp
<br /> therctn.Tn�steG shtll�pply the proaec�+ot thc sate la the following order:(a)to RII ressonsble coste and al�r�ice,
<br /> tles sale, Including,btrt not qmited to,Triutce's fees tctual�Y tncur�ed of not nwre thsn S 96 ot the�ross P
<br /> n�asonab{e sttorneye' fc�a and coste ot t(de e�ldeacet (b) to a�i sums �w�ed by th:s DeM! ot Tn.._.�;wrod(c) the
<br /> access�if any,to the person or persoro le�tlly entltled thmto. I
<br /> ! Origiaal(R�cord�d) Copy lernnchl Copy(Custom�r) PoQc 3 of S �
<br /> • Ncbreeka Z6876•3 I 1/96
<br /> , __
<br />
|