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201406901 sums secured immediately before the taking, as set forth in Section 18 below, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Trustor. If the Property is abandoned by Trustors, or if, after notice by Beneficiary to Trustors that the condemnor offers to make an award or settle a claim for damages, Trustors fail to respond to Beneficiary within thirty (30) days after the date the notice is given, Beneficiary is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Deed of Trust, whether or not then due. Unless Beneficiary and Trustors otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the payment referred to in Section 1 or change the amount of such payment. 9. Trustors Not Released; Forbearance by Beneficiary Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust granted by Beneficiary to any successor in interest of Trustors shall not operate to release the liability of the original Trustors or Trustors' successors in interest. Beneficiary shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Trustors or Trustors' successors in interest. Any forbearance by Beneficiary in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 10. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of this Deed of Trust shall bind and benefit the successors and assigns of Beneficiary and Trustors, subject to the provisions of Section 16. Trustors' covenants and agreements shall be joint and several. Any Trustor who co- signs this Deed of Trust but does not execute the Note: (a) is co- signing this Deed of Trust only to mortgage, grant and convey that Trustors' interest in the Property under the terms of this Deed of Trust; (b) is not personally obligated to pay the sums secured by this Deed of Trust; and (c) agrees that Beneficiary and any other Trustor may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Deed of Trust or the Note without that Trustor's consent. 11. Loan Charges. If the loan secured by this Deed of Trust is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Trustors which exceeded permitted limits will be refunded to Trustors. Beneficiary may choose to make the refund by reducing the principal owed under the Note or by making a direct payment to Trustors. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 12. Legislation Affecting Beneficiary's Rights. If enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Deed of Trust unenforceable according to its terms, Beneficiary, at its option, may require immediate payment in full of all sums secured by this Deed of Trust and may invoke any remedies permitted by Section 18. If Beneficiary exercises this option, Beneficiary shall take the steps specified in the second paragraph of Section 18. DEED OF TRUST PAGE 4 OF 8