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<br /> -� - _ _�:.�:_.�____.___...__� -__._..�`'�—_.. . : ---- -�•-�..___-�... � ��q. � 101808 � 02I17I1998 �,( ` .., �!� o. ,
<br /> MI�L K DTORD TAN@QY K NORD ``� -
<br /> �, - .� ditect or oo ential.ia co�on��Y
<br /> . on.'!be of aay awatd oL claim far damages. � °-
<br /> r . .� • • . 9.Caadmm�stl P� �� or for conveyance in liat of cond$mmation, are�Y � . � �
<br /> � . !� ' . condemnazioa or�her ta2�ng of the PYUPettY• o�P� . � � . ' _ .
<br /> �t
<br /> asstgaod aad shall be pald to Lender.s�bject to�he term�s of any mortgage.deed of tsnsc or other s�aSreeme�with a �.
<br /> .. � llen ahich 1�puority aver this Deed of Tnut. �. Not a Waiver. fiataasion of the rime for payment or ,� .. .. ,
<br /> ` �, '� ' 10. Bosrow� Not Rdeased: Fosbearanoe BY b Lender to anY suxe�or in interest of Qp - .��- ` `
<br /> . = mndi6cation of aanortiration of the sams s�ued hY tbis Deod of Tmst gisuted Y - • , �4.
<br /> . ` �otmwes shall noi ope�ate w release.ip any manner.the liabilitq of tLe oAginai Bormurer aa�Bosmwer's sncc�ois in . ,
<br /> � w wmmence Pmc�gs a8����or or tefas�m time for payment � .
<br />------- �. I�s�!r�t+e�ui�ed dds Deed of Tzas�by n�ason of any������ � _- ,- _ - �,
<br /> � . ur athe:wise modigY a��°n of the sums secared bY ri os rtmedp he�mader. �` �. .
<br /> ums
<br /> ' � � Baaovler an�Boaawer's��s ia intecest.Any farbearana bl►Iender ia exercisin8�►Y S�ri ar remed ~ . � -
<br /> " �' or a�s��rded bq applicable law.shall nnt be a waiver of or piecinde the exe�cise of anY sucb S� he�a � ...
<br /> �r-• :-.} ii.Sumoe�ors ettd Assl�as Bormd;�otut ead fieverai Idab�Ity;Ca-sl��- The covenants an+d agreements � ^
<br /> � �� °e berecmder shall imue co.the respecave sacce�ois and assigns of Leuder and Boirower. �. ', ,. .
<br /> --• �sha11 bia�,and the rights of Boaower st�i be joiffi and stveral. _—.`�- _
<br /> � �' suDjea to the pmvisiuns of paragraph 16 heieof. AU covenanis and a� this Beed of Tmst only to .
<br />_ _ . �� ,� pny�oarnwer who co-si8os t63s Dee�of T�birt does not eaecute d�Note,(a)is co-sig�8 , ' ,-
<br /> � < giant and comrey tt�at Baaawer's intezesc ia the Propertp to Tn�stee under the�of this De�d of Tmst,(b?is nut - : , . ,:
<br />. �: P�9�Y riable on the Note or mider this Deed of Tr�st.and(c)aSc�s that Lender and aay other Baaovver he�eunder `- . `� �;.
<br /> , � � maY ag�to esten�.atadifY•for�ear.or make any other accommndatioas with rega�d to tbe te�s of"tbis DePt!of Tmst or .
<br /> , � the�Tote.withaui tLat Bosmwer's consem and without releaSing that Bortawer or modifytn8 t�s Deed of TmSt as w tLat � : `
<br /> ; ,°c •'.�.
<br /> , BOIRIW6T�8 lIItCfeSt�II f t f C��• r .. _ -
<br /> ander applirable 1aw to be given in another manncr. (a)anY�ce�O ���` '
<br /> � 12. NaSce. FsxcePt foT anY nodce zequiretl ���by certifled mail � _Y;"`-�
<br /> c Beauwer pmvidxd fot ia this Deed of T:ast shaU be given by d e l i�►erin8 it or b y m a�i n g Y . .
<br /> ��i: �� �y��,
<br /> aaaress or at sach orhec aaaress as aoaower may aesignate by notice to Lenaer as :�=-�---
<br /> � � . ', •' add�ed o�Baaower at the Pmpeny , _ t ���_,- -
<br /> . , . ' pmvided hetein.and(b)anY notic�to Lender s6aU be given by ce�ed mail w Iender's addtess stated hemia or w sath -. • _-
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<br /> ' { o t h e r a d d c e�as L e n d e r m a y d e s i g n a t e b y nodce w Baauwer as provided heiein. AnY nnrice Pmvided for ia this Deed of .,..
<br />,. . _ ` •f, ` . .:J�e._'._
<br /> TI11S�S�l�3C�CIDC�W�YC bt;CD$1YCD LU BOII'(3WEI O?I.CUdCI 1AfhCII gNCII 111 tbE II12IIUEI dCS7�hef�i�' _'"`°`�: :;; .
<br /> The sCdte and local laws applicable w dus Deed of Trast sh�ll be the laws of the .,�•.�
<br /> . � . ' 13.Covecat�ng Lawi Sev�DVtY• � �' �
<br /> . ` .. .r `i judsdtction in which the Pmperty i s I w�t e d. "C b e f o re g a i n S���s 1�1 n a t l i m i t the a g p 3�c a b i t i t Y of Fedeial law to this _ - �_,�►
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<br /> ' � Deed of T�ust. In the eve�that anY Pmvision or clanse of tbis Deed of Trasc ar the Note con8ias anth appllt;ahte 1aw.
<br /> ' snch ca�ict shall not aff�t other pmvislons of this Deed of T:ast or the Note which can ise given effect wLhmrt tbe � �-_
<br /> �, conSiLcd,�n,B�.�P�vis�n►aad w tLis eud the praviston4 of thi�s„Dee,d of Trasc a�nd the Note are declaied to be se�v,,eLtable.As :y;y.: , '* ;:�;�,
<br /> ��4G�G1W •����w�'�Y��••�•,�Orflpps� �e �CiIWG 711s$�W{IiG�N Y. t�t������"1'r�WY��i�� `: . .14,'.''��,,.--^
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<br /> ' ���n' of the Note and of this Dee�of Tmst at the • .. ' ' _
<br /> - • '-- 14.Borruw�'s Copy.Borrower shall be fiunished a confo�ed copy f �.....-�� -�.
<br />" � � dme of execadon or after recordadon hereof. �• r- . ,x ��-
<br /> 'y eat. B�rower sbaU fulfill all of Hosrower's abligatioffi under anI► lsome '�: , _ . jS•�`_
<br /> ' � � 13. ReWtbilitetlon Loan AP.reem �wbich Boimwer earezs into with Ixnder.I�udec,at I�nder's t�=.�-.
<br /> ' • � ' � m�ab�itadon.imPmvement.rePair or other loaa agceeme `��
<br /> .:,:, ia a fom► mble to Iender.az►assi�nme�of a� ,
<br /> : -, aptinn, may re�e Bo�rower w esecvte an�l'deliver to Lender, �P ` ��'"-'�.
<br /> . �.�. which Boaower may have againsc Pazties wIw sapply labnr.materlals or services ia conu� ��„�;�;;
<br /> , ��� � rt .ciaims or defeases .� .. • :-.
<br /> � ,;. �`�
<br /> .�� � . � arith imDra�emeats made to tfle PiopercY. of the Praperts►ar an!►inte�st `:'`.�. , -•�:F-+�
<br /> � " 16.TeansPer of the Si+np�ty or a Beaeflciel I��est in Boreower. If a11 or anY PaT� t��,,.4. -., :;:.
<br /> n
<br /> ' .: - -- in it is so2d or�ansf�red(or if a benefidal interest in Borrowu is sold or�and Eoaower is nnt a uau�l :��
<br /> in fiill of all sams >. �"
<br /> . �. �. '� persnn?wi�Lender's prior written consent,l,eader maY.at its vptio4�1���pa� ����,'!�,:�_
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<br /> ..•� secaced by tLis Deed af Tmst. However,this opdoa sbail not be exercised by Ixnder if exercise is pmlu'bited by fedeial
<br /> � '' law as of the date of this Deed of Tn��t. 'T 3'
<br /> . � � . If Lender exercises this opdon, Lender sha118cve Bonower notice of acceleradon.The nntice sLall pmvide a Peciod . � ��
<br /> � . ��: ,.' of not less tLaa 30 days from the date che nntice i s d elivered or maited witbin wLich Bomower�st pay all svmg sa�red . . ;'��:-
<br /> . . by this Deed of Ttnst.If 9orrower faiLs to pay these svms psior to the exPi�adan of this pertod,Lender maY imroke any ;:. �;..
<br /> . :e m e d i e s p e r m iued 1 s Y tLis Deed of 1Yast without fiuther aotice or demand on Baaower. _ ..
<br /> �� . NO1�UNiPORM COVEI�AN'i'S. Bnrrower and L e n d e r f a rt h e t cov e�6 a u h d��n Boaower's brPash oF any .` -�;:'
<br /> � 17. Aadaatlon; II�nedtes. Except as pmvEded fn p�ragraP r. �
<br /> �i�
<br /> � ' , coveaant or egJre�e�oY Bosrawa in tMs Deed of Tnut.inr2uding Bon+owee•s faQtue w pay, bY t�e end of 10
<br /> � calcndar d$ys a�tes they are due,anY sums secu�d by ttils Deed of'I'n�t, I.cnder prtor to acce2cratton shaU�ive . .
<br /> ' , • natice to Boaowea as p:ovtdQd in paragraPb lZ 6ereof spectfying: (i)the breacL3 l2)ttte actlon requtred W w�+e . ;
<br /> sash bs�each3(3)a date,nat less than 20 days from the date the notice is maited to Borrnwer.by wMcb eacd b�ach � ..
<br /> � muse be�i aad(4)tLat feUure to c�e such breacb on or 6efore the date spedfied in the nattce may e+esWt in
<br /> ' 1 acoeteratloa o�the�se�ned by 4hfs Deed of Tenst and sa2e of the Pru�eriy.The notice sbsU fuither info:m .
<br /> Bfln�ower ct the elghi to mSagtete after acceteration and the rigER to bsia8 a couet adlon W assa�t the non�ce uP �.
<br /> a defanit or any other drt�of Borrower to acceIeration and sale.If the breach Is not vmred oa or before the daie ' . . . .
<br /> , spedited tn the naitc�e.Leader,at Leades's option,mey declare all of the s�s sewue�by this DeEd of Trast to be . .
<br /> tmmedtatei8 due aad�ayable without finther d�and and msy iavuke the pawer of s�e and any cS�er remedies
<br /> . • pefiniueA by appllcabte taw. LPnder shall b���cludingub ot Iimited toe reasonab e a�ora��f�eA in . . .. .
<br /> : •,l Puesuing the remedies provlded In thfs para�raP _ .
<br /> ` r If the power of sale Ls involced,Trustee sSaD record a nottce of default in each co�mty in whtcb the Feo p e rt y oi'
<br /> � � � some patt theseof is lacated and sl�ali m a ll cop p�.s o f s u c h a o u ce in the manner prescrIDeA by appllcam2e taw to . .
<br /> , ! Borraw¢r and to the other petsoas prescrlbed bq appllcable ta�v.AR�the Iapse of such time as mgiy be req�be , .
<br /> •, , � appltcable 1aw,Tn�stse shall give publle notice of sale to tge peasoas aad in Wa manner p�scslbed bY aPP .
<br /> ; taw.Tmstee,vvittio�rt denand on Borrawer,shatl seU the Pro�ty at publlc auctton to ttie hSgtiest bidder at the t!ffie .
<br /> , j and pla�and imder the terms deg2g�ated In the notice of sale in one ar more ParceL�and fn suc6 order as Tnistec � _
<br /> � ; moy d��mine.Tn�st�maY post�oae sate of all or any parrel of the Pi�upert7 bY Pnblle announcenea3 at the tlme �
<br /> � ouglq scheduled sate.Lender or Lende�s deslgnee may pmthase the Property at any sale.
<br /> . � and pfaee a4 any P� �
<br /> Upon re=elpt o�paymeni of the prlce bid,TruStee sds11 de�lver to the purc6as�'A'nistee's'deed conQeytng the � I
<br /> ' � pirupeltq so l d. T he re d t a l s i n t h e T r u s tce's deed shall be priaza Yade evldeace of the truth of tic�stat�cents mad� i ,_ . . .
<br /> ', th�rein,Trustee shatl upply the pracceds of t�e sate in the fotlawlag orden(a)to all reasonable costs and expeases of
<br /> . � ; the sate,incfudin�,6ut not Itmtted to,Tncstee's feeg sdnatlY lacurred of no4 m b th�l.� Deed o Trust; d (� the i
<br /> � re�sonable attomeys' fces and cosls of titte evtd¢nce: (b)to all sums secured Y ,
<br /> � exoess,if s�ay,to the petson or persoas teg�►lly eatItted ther�o. ; •
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<br /> .'ti . rrenr�,w ua7� u9a Origiaai(Aecorde8! CopY�s��) Copy lCuetomer) rore a ors r
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