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2� 15�81 �7 �� days' v�ritten notice t� Trustor3 may comm�nce to restore, repair or rebuild the said �mprovements f�r ar�n behalf of Trustor, and for such purpase, ma�r perform all necessary acts ta ac�ompl�sh such restorati�n,repair�r r�bui�d�r�g. In the event ir�suran��proceeds�r condemnat�on award sha�l e��eed the amount necessary to comp�ete th� repa�r, restarat�an ar rebui�dxng of the improvements upon the Mortgaged Proper�y, su�h��cess shal�be app�x�d on ac��unt of the unpa�d pr�ncipal ba�anc�of the Nat� xrrespectxve af wheth�r such balance�s then due and payab�e with�u� prepayment fee or premium; (e� In th�event that: (i}Trust�r commences the repair or rebu�lding�f the improvem�nts 1�cated on the Mortgaged Praper�y,but fails to camply with the conditions prec�dent t�the payment or applicati�n of insurance praceeds �r a condemnatian or eminent domain av�ard set forth�n this Sectian 22; or �� Trustor sha11 fail to restore, repair �r rebuild the improvements upon the M�rtgaged Property�within a reasonable time, and if Lender does not restore, repair or rebuild the said impr�vements as provided in subsection�d�above;then Lender may,at its�pt�on,accelerate the Secured �bligatians and app�� al1 or any part of the in�urance proceeds �r condemnation a�vard against the Secured �bl�gations without prepayment fee or premium. 23. Re�ease U�an Payment and Dischar�e of Trustor's �b�i ations. Lender sha�l re�ease this Instrument and the��en thereof by praper instrument up�n payment and�ischarge of a�l Secured�bligat�ons, inc�uding payment of reasonable expenses incurred by Lender in c�nnection with the execution �f such release.Any such partial release sha�1 not impair in any manner the va�idity�r priority�f this Instrumen��n the por�ion of the M�rtgaged Property or the security remaining, nor release the p�rsonal liability of any person, persons or entity obligated to pay an� Secured �bligations, for the fu1� amount af the Se�ured �bligat�ons remaining unp ai d. 24. NDt1C�5. All not�ces,re�uests and demands hereunder shal�be in wr�ting and: �a�made to a part�at the address identif ed f�rst identif��d abave, �r to such oth�r address as a party may designate by v�ritten notice to the other part�es�n a�c�rdanc�Wxth th�s pro��s�a�.; and�b) d�emed to have be�n giv�n ar mad�: (i�if deli�ered xn p�rsan,imm.ediate�y upon d��i�r�ry;(��}�f by natxona�x�r�cogmized overnight courier service w�th all de��v�ry fees prepaxd and With instru�t��ns to d��ver the next busz�.ess day,one�1�Busxness I]ay after sending; (xzx�xf b�certified maxl,�ith all postage fees paid and return rece�pt requested,three�3� business days after mai�in�; or�iv�upon receipt, if sent by facsim�le.A written n�t�c�sent to a party(other than v�a facsimx�e transmissi�n}sha1�also be deemed received an the date delivery shall have been refused at the address requ�r�d by this Sectian. Trustar speciftcally requests that any n�tice�f defau�t and notice of saXe be maxled to Trustor at the delivery address of Trust�r set f�rth in the preamble t� this Ir�strument. Z5. �a�ver�f Defenses.No actinn f�r the enforcement of the lien or�f any�ravisi�n hereof sha�l be subject to any defense vvhich wauld na�be goad ar�d available ta the par�.y�nterposing same in an a�txon at law upon the Nate hereby s�cur�d. 2�. �Vaiver of Ri�hts. Trust�r hereby c�venants and agrees that�o the extent permitted by laW, Trust�r sha�l not and Will n�t appl}� for or avail ��se1f of any appraisernent, valuatior�, stay, extension �r e�emptinn lavvs,or any s�-cal��d"Mo�-at�rium La�vs,"novv e�isting or hereafter enacted,in order to prevent or hinder the enforcemen�or fo�-ecl�sure af this Instrument,but hereby wa�ves the benefit af such laws. To the extent permitted by Iavv,T�-ustor,for i�self a��d all�vho may claim through or under it,Wa�ves any and all 17 t3�17110'71<<]��I771 ()O�I1