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<br /> � ' MARK D 8'�AT$S I(BLL,IB L STA'PR�, (��.., 3r���y�� 24Q725 UR/7.Z/1997 t�. .. - -
<br /> 9. l:6ndetnnAtion. 1'he proceeds of any nward ur claim for damages, direct or consequential,tn caiwecaon wiW uuy ..
<br /> cnncle�nuatlou or other uilcing of tkee Property, or pan tiiercof, or for conveyunce In Ile�i of condenwntion, sre hereby
<br /> . assjgaed and shall be Qaid to Ixnder,subject to thc terr.�s of any mortAage,deed of tn�st or other secudty agreement witU a ��
<br /> ' lieu whlch I�as prlorlty over t�ls Deed�f Trust.
<br /> � �� 10. Borrowcr Not Releaaedi Forbearance By Lender Not a Waiver. &stension of t�e dme for payment or
<br /> .1 ruodiflcAdou of s�amortizatian of the sua;s secured by thls Dced of Trust granted by Lender to Ruy successor in interest of
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<br /> , Bunowar shall not open+te ro release, in nny rusnner, the liabUity of tre adBiaal Bonower aad Bonower's successa�s in Y=��,
<br /> iaterest. LetKier stiall uos be reyutrcd ta camntence pmcsedl�s a�ninst such successor or refuse to eatend dme for payn�ent ,
<br /> or othecwlse modifY+wmrd�adon of the sua�secured by d►is Deed of Tnist by reasan of any demand roude by the original J, Y_�;�;
<br /> Horrower and Horrower's successors iu iaterest. Any forheAraix:e by Lender ia exercising any dght or remedy hereunder. . ._ ;��_
<br /> • " " ` or otherwlae sfforded by appllcable law,shsdl not be a waiver af or preclude the exercise of any such right or remedy. :':,_._,
<br /> '` 11.Succr�ra u�d Aa�f�u Bo►uld�Jolnt and 9ever�l Unbillty;Co-slynere. The covenants and agreements hereln ,;. ,��:
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<br /> contained sha11 bind.and the rights hereunder shall inure ta,the respecdve successors aad asslgns of Lender and Bonower, -�,r�,�
<br /> subjest to the provisions of parugraph 16 hereof. All covenants and agreements of Bonaa�er shall be jaiut and several. •-- _
<br /> Any Boirower�vho co-sigas this Deed of Tiust,but dces not execute the Note,{a)is co-signtng thls Deed of Tn�st ouly to `.-.n
<br /> grant and comey t�at Borrower's interest in the Property to 1'nutee under che tem�s of this Deed of Trust, (b) Is nat :�•Y_
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<br /> � � persons►lly liuble oa the Note or wader thie Ueed of Trust,and(c)agrees that I.ender and any other Hoaower hereunder _,
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<br /> �s may agcee to extend,modlfy, fotbear,or make any other accommodadons with re8ard to the terms of this Deed of Trust or : _
<br /> � the Note�without ehat Hormwer's wnsent aad without releasing Wat Bonower or modifylug this Deed of Tn�st as to that �f�;'�'
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<br /> Horeower's inurest in the Properry. _.-
<br /> �� 12. Notice. Bxcept for any nodce required under applicable lav�to be given in a.nother marmer, (a) any n�dce to �__ _
<br /> �- Borrower provided for in this Deed of Trust shall be given by delivering it ar by mailing such no@ce by cerdfied mail �:
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<br /> ' addressed to Borrower at the L'roperry Address or at such otber address as Borrower may desfgnAte by nodce to I.ender as �---
<br /> 'Y� provided heniu,and(b)anY nodce to Lender shall be given by cerdfied mail co L.�nder's address stated herein or to such �__�___
<br /> �:� + other address as Lender may drslgnate by nodce to Honower as provided herein. Any nodce provided for in this Deed of —
<br /> �� � Trust shall be deemed to l�ve been given to Boizower or I.ender when given in the n�anner designated herein. ----
<br /> �'� 13�Goeerpins Lawi Severabtl(ty.'The statc and lce�l laws applicable to this Deed of Trust shaU be the laws of the
<br /> ,. jurlsdicdoa in which the Pcoperry is located. The foregoing s�ntence s6a11 not limit the applicabllity of Federal law w this
<br /> "�'" , Deed of Tcust. In the event that stny pravision or clause of this Deed of 1Yust or the Note conflicta with applicable law,
<br /> �£'� such conflict shall not affect othea provisions of this Deed of Trust or the Note which can be given effect wlthout the . _
<br /> ��11 confltcdng Y;ovLsion, a�d to thir end the provlsions of tlils Deed of Trust and the Note are dxlazed to be se��°rthle. As
<br /> --—� used herein, 'coscs', 'expensr� i�iri "aY�:xy� �..,;o" isrrinde_1!�ms r��hp exrenc noc prohibiced bv ADDlicable l�w or
<br /> Umiced herein. � of the Note and of this Deed of'Ihast at the
<br /> � „�, t4.Borrower e Copy. Borrower shaU be furnished a conformed coPY
<br /> '�' �, time af execudon nr after recordation hereof.
<br /> ls. Retnbilitation Loan A�reanent. Borrower sh�ll fulfill all af Borrower's obllgadqns under any home
<br /> rehnbflitadon.lmpmvemeat, npair or other loan agreement wiuch Borrawor enters into wlth Ixadet. I.ender,At Lender's
<br /> opdon, may require Bosower to caecute and deliver to I.ender, in a form acceptable to Lender.aa assignment of any
<br />. dghts, clatms or defenses which Borrower may have against parttes who supply labor, materials or sereices in connecdon
<br /> . �'�'� with improvements made to the Property.
<br /> 16.Tru►+ter of t6e Property or a Benetir�lal Interest tn Borrowe�'• If all or any part of the Pcoperty or any interest
<br />� in it is sold or transferred (or if a beneficial interest in Borrower is sold or uansfernd and Borrowor is not a aator�l
<br />;:;'..'.;�••,. . pecson)without Lendor's prior wcitten consent. Lender may. at its opdon,require Immatiate payment in fiill of sU sums
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<br />- ..,.:,,,.._ • securcd by thls Dced of T:ust.However. thls opdon shalt not be eaercised by Lender lf exerclse 9s prohibited by federal � �
<br />�;f.;��.�,-.,� law as of the date of this Deed of Trust.
<br />�:_.� -•. :� If Lendor eserclses this opdon. Lender stu�ll give Borrower notice of acceleradon.'Ihe aoac�sh911 pmvide a pertod
<br />�Y�`• ``"� of not less than 30 days from the data the nodce is deHvered or mailed within whlch Borrower must pay all sums secural
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<br /> ;;.., by this Doed of'IYust. If Borcower fails to pay these sums prlar to the eapiradon of tWs perlod. I.en�der mAy vo any
<br />��- °�` remedies permitted by this Deed of Tivst without further notice or demand oa Borrower.
<br />_-�-,;�'��F''• ., NoN-UMFORM COVENAMfs. B�rrower and 1.ender further cove h 6�hereof, upon1oBorrowrr'e brach of aqy
<br /> 17. Accderdton= l�emedies. Except as provided In pan�rAp b the end o? 10
<br /> = -- :'_�:W. covenant or tgi�ee�na�t of Borrowa In this Deed of Trust� includin�Borrowu's failure to paY+ 7
<br /> �,=,f�;,.•. .. calend�r days ofter they are due, �u►y s�aas secured by thls Deed oP Tru�t, Lender pdor to accderatton ehaU�ive
<br />� ��?:.:�. nutlo�to Borrowd'as Providal tn para�xPb 12 hereof apecit�yin�: (11 the breachi (2) the action requfred to cure
<br />`:..�'.��„ ; � such breach3(3)�dsie�not lees tt�an 20 daye tlrom the date the notla Is rnaited to Borrower�by whfch eixh bra�ch _
<br /> • mus¢be cure� �nd(4)ttutt failure to cnre such breach on or betore tbe date d�� o i�� ��,[nform
<br /> acoderatlon of the s�uns secured by this Deed of Tnut ar.d sale of tde Property. __
<br /> � . � � Borrower of tha d�t to rein�tate atter accderatton nnd the rt�ht to brin�a court actlon to a�.tert ti�e uoncxL�tence of _____
<br /> � a det'ault or aa`y other delense uf Borrowe�'to acceleratton and sale. If the breach is not cured on or betore the date �__�,
<br /> z epecttlsd ln t6e nottce,I.ender, at Lende+r's optton, may declare a1l of t�ae sums secure�l by this Deed at Tn�to be �.,;*��
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<br /> immedlately due wd ps�yable without further d�und a�id may invake the pawdr of sole and any ot �� � ',,:;,::...-
<br /> �armttted by appllcable law. I.ender st�all be entttled to wlled a!I reasonable costs and expense� '. •
<br /> . ' T pursufn�the remedies provtded fn thfs paraQraP6�7,tncludin��6ut aot limtted to,reawnable attorneys'Pees. :��:�.,, ,
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<br /> • I t t h e power of eale fs Invoked�Tr�tee st�sll record a notice of default in each county In wWcU ihe�P�'�w to
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<br /> �_ so�e p�d t6ereof Is loc�ted and s�ll mall ooptes o+P sueh notice tn the manner prescrlbed by app ,: ..
<br /> . . � : ------���_......_....��...�.,.�..., sn.w n�n Ianse of auch ti�ee es may be reqnlred bY
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<br /> BOtCOwClI'RiIU t0 tlle v[uer pe�soin p�w;a.u�„o�._.�....,�......�....�_� ---- . _---_
<br /> appllcable�aw, Trustee shall�Ive publlc notice of sale to the paBOtu and in the manner Pre�'�bed by appltcable
<br /> �� taw.Trustee,�ettliout demnnd on Borrower,shall sell the Property at publlc aucUmn to the hf�hest bidder at the t#me
<br /> and place and under the terms desi�nnated in the nottce of eale in one or more parcels end in such order as Tnutee
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<br />- nyQy d�ennfne.Trt�tee maY postpone sale of ul!or any pwrcel of t6e Property bY Publlc niuto�noement ai the time
<br /> and place of any prcvtously scheduled eAla Lender or Lender's desiQnee may purchase the Property st wnY sale.
<br /> • Upon recetpt of payment of the prtce bid,Trustee shall ddiver tu the purchaser Trustee's deed conveying the
<br /> property�old. The rec�tals In the Trustee's decd shatl be prlma fucle evtdence of the truth of the stntemente mnde
<br /> theretn.Tn�tee slWll apply the proceedg of the sale In the foliowfng order:(a)to all reRSOnable costs and expenses of
<br />- ' the sNe,including,but not Wnited to,Tnestee's fces actually tncurred ot iAOt r�ora tl�an 6 °k of the�rOSS sale prtce,
<br /> • ' reasonable attorneye' fees and costs of Htle evtdencet (b) to all aums secureu by this Deecl of Tcust; and (c) the
<br /> -. exces.s,lf any.to the person or persons legallY entitled thereto.
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<br /> Ncbraste 2Ga76•3 l ll96 Origin�ti(Recordad) Copy�Branch) Copy(Cuetomsr) Pagc 3 of 5 ��
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