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F <br />89- 105524. <br />E a: Condeiro loo, The proceeds of any award of claim for damages. direct or consequential, in connection with any <br />rcondemnation oeother taking othhe Property, or paRMereof, or for conveyance in Irsu of condemnation, are hereby assigned <br />i and shalt be paid to Lender. <br />to Ilte event of a total taking of the Property, the proceeds shaithe applied to thesums secured by this Deed of Trust with <br />the exosim it any, paid to Borrower. in the event of a partial of the Property] unless Borrower and Lender other wiseE <br />t wcw�be�mt�tiothe- sumusacaretibYthts _ ofTrusttwchi roQorlionoltheproceedsasiseclusl 'tit <br />"prow, <br />which tt+e amount d ilia sums sec oral by th iswedofTrust i— mmed'iatsfy gri0<<o dale ortatd�iq t to <br />fair market value of the r immodialeiy prior to the We of with the balance of the proceeds paid to BorMwer. <br />M tfte Property is dh�srkiorted by Borrower. or H, notioe by� to Borrower that tits condemnor affairs to make err <br />awardorsettleaclainrfordanuagas ;BorrowerfaNs rat+ portdto Lender within30 days af krfhe dots such noticeiiltfglfled., <br />LerMsr,ia a dhorized lo contact and apply the proceeds, at Leader's opk m. eidm to raatoration or repair of the Property aria <br />to sums secured by tills Dead otTrust <br />UntessL:anderand Borrower oldwwiseagree in writing; anysuch application otprocssdsto principal shall notoxtaador <br />postpone"due dais of the monthly Installments referred to to paragraphs 1 and 2 hereof or change the amount.cf, sash <br />IL Sweeo rNotflMsees+ d. ExierWanotthetimeforpaymeniormodificat 'wnofamortilafionoftheamasecurs I *this <br />Deed of Trust granted by Lender to successor in interest of Borrower shall not operate to release. In any manner. the <br />Iisbfiity of the original Borrowerand Bormwees successors interest Lender "I not be required to commence procesdinp <br />against such successor or refuse to extisnd time for payment or otherwise modily amortization of the sums securtsd-by thfs <br />Deed of Trust by reason of any demand trade by the original Borrower and Borrowees successors irr interest . <br />tf. ferllsaranty by i satlar liot a Wa m Any forbearance by Lender in exercising "right or remedg hentlt r4w,..or <br />atlberwiss afforded by applicable law. st1aQ not boa waiver of or preclude thiiii *xercise of arty such right, cr, The <br />tartcacurentertiofinsuranceoffiepsymentoftaxesgcra her liens orchargesbyrt4i^,. rshallnotbeawelverafL•endu $� "t.a <br />W44 -mwale ilia maturity Ot the Indebtedness swuredfyr.this Deed of Trust <br />112. HeinsMes Cuwutdallve All remedies provii:14;4,6 -this Deaifo` Trust are distinct and cumulative tit r other i W. iYcr <br />remedy under ,#' is Deed of Trust or afforded by taw :r oqu-,V 9-id may be exercised ci c rrentfy, indepertop.01 : :dr <br />successivbyq: :. <br />I& $uoilsors anik Ahraigos Bound; Joint a.;riiriiritli.ILitf3jr; Captions. The covittalb` and riigroentahls`I}rerpin <br />contained shairbind, iir�dt�c nghtshereundershit,]irio.gf ,ly rwpectiyesuccessorsand4ijiignsolUmdsrandt3orrbW `ar, <br />sr Mectto the provisici ?m f,+faaragreph 1F•7. hereof. rf,tz�ilna .ai : 4?,44ynents of Borroi w. shall be #ofntand savoift,.tiffte <br />o ptionsandtaeadtnga ; rogaragra �tthisdeed;fTrust 1. cc �p+fenceonfyea ilsurenOtfitbe used toinllek oar <br />define the pcax�ortafteitxsz <br />tI. ti) sticutc: Eccptio; wnynoticerequi' redunderapplicablelawtobagiveriRtii ioihermanner .(a}anytroticetoBorrower <br />providsdforfnlMsOeedtrfrr sl"allbegivenbymailin suchno <br />tic <br />e4ceKOf** roadaddressadtaBurmweralthaProparty <br />Address or at such other aEto as Borrower may dgnate by notice to Lender as provided herein; and (b) any notfee to <br />Iender shall be given by cerail, return receipt requested, to Lender's address ataied herein orto such oilier address as <br />Lender may designate y n Borrower as provided tterefn. Any notice provided for in Chia Deed of Trust shall be deerrrsd <br />to have been given to Borrower or Lender when given to the manner desrgnsted herein. <br />tS. MWWI t Dead of Trusts, tiiov&n ng Law; Save 60911. The form of deed Of trust combines uniform eovartants for <br />national use and non- uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument <br />covering real property. This Deed of Trust shall be governed by the law of the jurisdiction in which the Property is fowled. In <br />the event that any provision or clause of this Deed of Trust or the Note conflicts with applicable law, such conflict shall not <br />affect other provisionsol this Deed of Trustorthe Note which can liwgivoh effect without the conflicting provisions, andtothis <br />end the provisions of the Deed of Trust and the Nola are declared to be severable. <br />14. Sorroww's Copy. Borrower shall be funtfihed a conformed copy of the Note and of this Deed of Trust at the time of <br />execution or after recordation hereof. <br />17. TranMer of do Property; Assunrptlon. if all or any part of the property or an interest theraih in sold or transferred by <br />Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to this Deed <br />of Trust. (b) the creation of a purchase money security interest tar household appliances, (c) a transferby devise deacient orby <br />operation of taw upon the death of a joint tenant or (d)the grant of anyfeasehold Interestcf three yearls or less not eonbinfrtgan <br />option to purchase. Lender may. at Lender's option, declare all the su ins secured by this Deed -of Trust to be immsdia*I rWdue <br />and payable. Lender shall have waived such option to accelerate it, prior to the sale or transfer, Lender and this owsprl to <br />whom the Property is to be sold or transferred reach agreement In writing that the credit of such perscMre rsp� to <br />Lender and thattim Worse payable on the sums secured by this Deed of Trust shall -beat such rate as LerxW- qhai I. If <br />Lender has waived the option to accelerate provided in this pawcsrapn 17, and if. Sarrowees successor in iMsieslt has <br />executed a written assumption agreement accepted In writing bay Iiinder. !.ender shall release Borrower from all obligations <br />under this Dead of Trust and the Note. <br />if Lender exercises such option to accelerate. Lender shalt mad Gorrowar, notice of acceleration in accordance with <br />paragraph 14 hereof. Such notice shall provide a period of not less than 30dayrrii im the datethe notice is mailed within which <br />Borrower may pay the surrs declared due. if Borrower fads to pay such sums prior to the expiration of such period. Lender <br />may, without further notice or demand on Borrower, invoke any winedies permitted by paragraph 18 hereof. <br />NON -UWORM COVENANTS. Sorrower and Lender "cc covenant and agree as follows: <br />19. Acc aliwaYon: Remedies. tcxceeppt as provided in paragraph 17 hereaf+ upon Borrower's breach of any covenant or <br />agreement of Borrower to this Deed of Trust, including. the covenants to pay when due any sums secured by this Deed of Trust. <br />Lender prior to accelera�,i n sha 11 mail notice to Borrower as provided c n peragiaph 14 hereof specifying: (1) the breach; (2) the <br />action required to cure such breach; (3)a date, not low than 30 days fromthedatethenoticeIsmailedtoBorrower .bywhich <br />such breach must be cured; and (4) that failure to cure such breach on or-before the date specified in the notice may result In <br />acceleration of the sums secured by this Deed of Trust and sale of the Property. The notice shall further Inform Borrower of the <br />right to reinstate after acceleration and the right to bring a court notion to assert the non- existence of a default or any other <br />dehnse of Borrowertoacceleration and sale. if the breach is not curedon or before the date specified In the notice. Lender at <br />Lender's option may declare all of the sums secured by this geed of Trust to be immediately due and payable withoutfurther <br />deinand arc! may Invoke the power of sale and any other remedial; permitted by applicable taw. Lender shall be entitled to <br />camutall noesonat le cosls anl! expenses incurred in pursuing the remedies provided In the paragraph 18, including, but not <br />fill ilad tm Iaaaoruabie sdorr+e a Ma. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which the Property or some part <br />thereof is localsd and shalt mail copies of such notice in the mant!,,*rorescribed byapplicable law to Borrower and to the other <br />persons pfescribed by q*(. --able law. After the lapse of such lime as maybe required by applicable law, Trustee shall give <br />public notice of sale to #%,persons and in the mannarprescribed cry applicable law. Trustee, without demand on Borrower. <br />shall salt the Propertystpublic auction to the highest bidder atthtt•isme and placeand under thatermsdesignated In thenopce <br />of We in orue or more parcels and in such order as Trustee mayicfatermine. Trustee may 1pone sale of all or any porc-Al of <br />the ProperN,rvy public announcement at the time and place ofspy praviously scheduled s:�lr:, Lender or Lender's d"Onse <br />milli purcEtOW -619 Pt'4 ,erg. at any 2816. <br />Upon rraipt ot;%imeol of the price bid, Trustee at;st l deliver trine purchaser trusteed died conveyizci ft Pro nsRV sold. <br />The recifafeli111i+ TT +'w►inin`s deed shall be prima facie oWderice of Ae truth of ft statements madethererr:. T. rustee shaliappty <br />the ptocoodkott`.e said Cl-. the following order: (aj 1iJ iJl +yaasonadle costsand expenses of the sale, including, but not limited to. <br />TrusMe'ahmsofnotmorethan % oft' oss'"oir nce, reasonable aftorney 'sfeesand costs ofttdeevidence; <br />(b) to all surfs secured by this Deed of Trust and (c) ie excess, If any, to the person or persons legally entitled ti welo. <br />It. SerrOwM 'a IliW 40 1116bellsle. Notwithstanding Lender's acceleration of the sums secured by this Deed of Trust <br />Borrower "I have tt*l Otto heveany procesdingsbegun by Lenderto enforce the Deed of Trustdiscontinuedatany time <br />pr"+or to the vartierto occur of (i) the fifth day before the s91e of the Property pursuant to the power of sale contained In the Deed <br />of Trust (ti) entry of a judgment enforcing this Deed of Truat if: (a) Borrower pays Lender all sums which would be then due <br />under this Deed of TrusL the Nose and notes securing Future Advances, if any, had no acceleration occured:(b) Borrower <br />cures all breeches of airy other covenants or agreements of Borrower contained in this Deedof Trust (c) Borrower pays all <br />reasonable expenses incurred by Lenderand Trustee enforcing thocovenants and ngreements of Borrower contained in this <br />Deed of Trustand in enforcing Lender's and Trustee's remedies as provided in paragraph 18 hereof. incf udu:g. but not limited <br />to, reasonable attorney's tees: and (d) borrower takes such action as Lender may reasonably regwreto assure that the hen of <br />this Deed of Trust. Lender's interbsi in the Property and Hurrower'sobligatron to pay the sums secured by this Deed of trust <br />shall continue unimpaired Upon such payment andtureby Borrower. this Deed of Trust and trio obrig . .itionssecuredhereby <br />shall remain in full force and effect as if no acceleration had occur(cd <br />'""I <br />r <br />r;t <br />