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<br /> 9. Condcrnnnllon. r{1o'procC:�Us ol any iward ar Claim Inr d:�mar�es,diroCt or cUncequontml,m conn�ction vnih any ,
<br /> � • condomnal�on or otner laking o1 th4 Properry,or pArt thereot.or lor conveyance in liou oi condomnnhon,oro horCby nsa��nc� i �
<br /> ^ and shall be paid tn Londer. �°—
<br /> In the ovent o1 a lotal taking c�}Ine Properry,iha proceed�shnll be Applied to the sums sucurod t�y this Ooed of 7rust,with I --
<br /> Iho oxcass,d any.pnid to Borrowor.In the ovonl ol�partial reking ot the Prppa►4y,unlass Borrowor end Lon�er othorwisa
<br /> agreo m wnting,thoro sht►II bo applied to the sums sncured by this Daod ot T�ust such proportion o11ho proceeds a�laequel to , ----
<br /> that propornon which the emount of the surns 9ecured by this Deed ol Trust immadletflly prior to the date af teking bear�tothe
<br /> Iair mnrket vAlue o1 the nropeAy Immed�ntely pnor to the date ut taNing,wnh tho balenCe of tha proceeda patd to Borrawer.
<br /> I I ihe Pvoperty is abandoncd by Borrov�or,or if,after noUae by Lendor to Borrorier thAt 1he condemnor ofPa►s fo mnke an • ��
<br /> award or s�ttle r�claim for demage3,Borrowor fc�tls to resqontl ro Lender within 30 days atter the dpte BuCh notico le riieilad.
<br /> ° Lender is authonzed to�ollact and apply the pracoeds,at Landor's option,sither to restoretion or repnir ol the Araporiy or to . -.__—:_.
<br /> Ine sums secured by this Deed of Trust. � —
<br /> Unless Lender and Borrower othorw�se ec�ree in wnting,any such application o1 proceads to pnnclpal eholl notextend or - �
<br /> � postpone the due date of the monthiy�nstallmentn relerred to in paragraphs 1 and 2 hereof or chenge the emount of sucl� ,�,,;
<br /> mstallments.
<br /> " 10. Barrower Not Releas�d.Extension af the timolor payment or modificat�on o1 amortization of the suma sacured by Ihis „ .�
<br /> Deed of Trust granted by Lender to any succossor �n interest ot Borrav�er shall not opernte to release,in any manner,the • , _
<br /> liability ot the origmal Borrower end Borrower's successors i nterost.Lvnder shall not be►ctquired to commence procee�ings �;;,;;
<br /> against such successor ar refuso to extend time t�r payment or otherwlse modffy amortiza4fon o}the sums secured by this � - ;.-,�.
<br /> Deed of Trust by reason of any demond mede by the originel Borrower end Borvawer's succossors in interest ��j°�
<br /> 11. Forbearance by Lendar Not a Wdvsr.Any farbearance by Lender in exetrcisin4 any right or remedy hereunder,or .
<br /> othervvisa aftorded by apptir.abla lew,shall not be a wa�vo�ot or preclude tho exerclse ot eny such rlght or rerredy.The ,,, .�'�
<br /> •_ procurementotlnsurnnceofthepaymentoftaxesoratherlidnsorchargesbyLendershallnotbeawaiverofLender'srightto . � ¢ •
<br /> accelerate the maturity ot the indobtedness securad by thi5 Oeed ot Trust. +:'�','�^*'�`��'�•
<br /> .Y'.;•.•.-
<br /> 12. Rernedfea Cumul�tive All remedies provided in this Deed ot Trust are distinct and cumulative ta any other right or • . �"-`!�-'
<br /> remedy underthis Deed oT Trust or ettorded 6y law or equity,and may be exercised con�urrentty,indepsndently orsucCC�tvcly. -- . _ _L =
<br /> 13. 5uccessonandAsNgmtlou�d;JotM��.dSsv�ralLlaWlity;Captions.Thacovenantsandagreementshereincontaineci � ._....m.;::•�-�--°
<br /> shall bind,and the rights hereunder shall inure to,therespect�ve successors�nd assi ns ot Lendarand Borrowe�,9ubt8Ctto `���fle-:•.
<br /> 9 :k,,�d..�.;�.,�.
<br /> the prov�sions ot paragraph 17 hereot.l�Il covenants and agreements o7 BarrowQr snall bo jointar+d severel.The Captfonsend _ _
<br /> headinqs of the paragraphs of this Deed ot Trust are lor convenience only ond are not to be used to Interpret or detlne tho -
<br /> provisions hereol. ""''�""'�
<br /> 14. Notica Except 1or any noUce required under applicable law to begiven in enother manner,(o)any notice to Borrower ��
<br /> provided for in this Dead of Trust shall be given by ma�ling su ch notice by certified mail addressed to Borruwer atthe Property - ffi��_:�
<br /> Address or at such other address as Borrower mey dosignate by notice to Lflnder as provided herein,and(b)eny notice to ' '{l'§,�:��
<br /> � • lender shall be given by certified mad.retum receipt requested.to Lender's address steted herefn or to such other address as �,"�� -
<br /> � Lender may dosignate by notice to Borrovier as prov�ded herein.Any notice provided tor in this Deed of 1'rust shelt 6o deem�3d
<br /> to have been given to Borrowar or Lender when g�ven in the manner designated herein. .u;� _
<br /> '14.1 "Requestfo�Notice.Trustor and beneficiary►equestthata copy of any notice of defaultand notice�f sale made or ��
<br /> e x e c u t e d b y t h e T r u s t e e p u r s u a n t t o t h e p r o v�s�o n s h e r e o f b e s e n t t o t h e T r u s t o r a n d k 3 e n e f i c i a ry a t t h e i r r e s p e c t i v e m a i l i n g ' ,r;,� �
<br /> ----:_:-�:,___:_.:- :- aa�ra�sesaa:lcrr��c.a." , . „ .
<br /> 15. Untform Deed o1 Truat;Governing Law;SeverabflNy.The form af deed of trust combines uniform covenants tor �1�i� .
<br /> � national use and non-umform covenents with limited vanetions by�unsdiction to constitute e uniform securit�r Instrument �'+ '
<br /> covering real property.This Deed ot Trust shnll be governed by the law ot the jurisdiction in evhich the Praperty is located.In '�
<br /> the event that any prowsion or clause ot this Deed al Trust or the Note confl�cts with applicable lew,such conflict�hall not `�;�y�� •
<br /> atiect other provisionsof this Deed of Trust or Ihe Note wh�ch cen begiven eHect w�thout the conflicting provisions,and tothis :�.,: .
<br /> ' end the provislons o}4he Oeed ot Trust and the Note are declared to be severable. , ��
<br /> 16. Bo►rowtr's Copy.Borrowor shell be turnished a conformed copy ol the Note and of this Deed of Trustet the time ot , ' u ,
<br /> � exeCUtion or aRer recordation hereof. . '
<br /> 17. Transte�a)thm Property;Asaumptlon.If all or any part ot the properly or an interQSt tllereln is sold or transferred by ' ��� •
<br /> 8orrower without Lender's pnor written consent,excluding(althe creation ota iien or encumbfence subordtnate tothis Deed ' {14.
<br /> of Trust,(b)the creation of a purchase money secur�ty interesttpqhtiuseh0ld appliances.(c)a transfer by devise descont or by ;�:.' '
<br /> operation of Iew upon tho death of n joint tenant orld)Ihe grantof onyloasahald interestot threeyears or less not con�aining an •� �
<br /> option to purchese,Lender may.at Lender's opt�on,declare aIl Ihe sums secured by this Oeed of Trustto be immediatalydue - �ri
<br /> and payable.Lender shall have waived such opdon to acceierate�f.prior ta the sale or transfar,Lender end the person to ; �
<br /> � wham the Property is to be sold or trensferred reacn agreement in wnting that the credit of such person is s�tisfaCtory to ;�,�°_==
<br /> Lender end thatthe interest payable on the sums secured by th�s Deed of Trust shell be at such rate as Lender shall request.II I , , � �
<br /> Lender has waived the optian to accelerate prov�ded�n th�s paragraph 17,and�f Borrower's successor in interest hasexecuted �
<br /> aw�ittenessumptionagreementacceptedfnwntingbyLender,LendershallreleaseBorrowerfromallobligationsunderthis � �
<br /> Deed of Trust and Ihe Note. i .
<br /> If Lender oxercises such option to accelerate. Lender shall mail l3orrower notice ot acceleration in accordflnCO with I �v.i,
<br /> ' pare �a h 14 hereof.Such notice shall prowde e penod ot notless than 30 days(rom the date the notice is mailed wdhin which ��}�
<br /> � BorrowAr may pay the sums declared due.N Borrower fa�IS to pay such sums prror to the exp�retion of sueh penod.Lender � r�,�;
<br /> � may,without lurther notice or demand on Borrower.mvake any�emed�es permifled by paragraph 18 hereof. � �� :"
<br /> ' NON•UNIFONM COVENANTS.Bormwer and Lender IurlNer cove�ant and agree ae follows: � •. r',�
<br /> � 1Q. Acceleratlon;Remcdfes.Except as prov�ded�n paragrnph 17 hereof.upon Borrower's breach of any covenont or ��• �
<br /> agreement of Borrower in thls Deed of Trust,includi ng the covenants to pay when dueany sums secured by this Deed ot Trust. 4'
<br /> � Lenderpriortoaccelerationshallma�lnoticeto9orrowerasprov�ded�npnragraphl4hereofspecifying:(1►thebreach:(2)the •
<br /> act�on required to cure such breach;(31 a date.not less than 30 days trom the datethe notice is mailed to Borrower.by which "'
<br /> such breach must be Cured:and(4)thnt failure tocure such breach on or belore the date specitied in the notice may result in ��
<br /> • - •acceleration�of thesums secured by this Deed of Trustand saleof the Property TF1e notice shell tuRher intorm Borrowor of the �
<br /> right to reinstate after accelerat�on and the nghtto bnng a court action to assertthe non•existencA of a dotault or any other , ' �
<br /> defense of Borrower to acceleretion and sele.If the breach�s not cured on or bofore the date speaitied in the noUce.Lender at ,
<br /> � Lender's option may declare all of thA sums secured by this Deed of Trust to be immediately due and payable without furih��r .
<br /> demand and may�nvoke the power of sale and anyother remedies permitted by appl�cable law.Lender shall be ent�tled to
<br /> colloct all reasonable costs and expenses mcu rred in pursuing the remedies prowded in the paragreph 18,including,but no� -
<br /> hmded to.reasonable ariomey s lees.
<br /> II tho power ot sale�s mvoked.Trustee snall record a not�ce of default�n each county i�wlifch the Property or sorno part
<br /> theroof is loceted nnd shnll ma�l cop�es of such notice�n the manner prascnbed by oppliceble law to Borrower and to the other '
<br /> persons prescribed by applicable law.After the lapse of su ch time as mey be reqwred by epplicable lew,Trustee shall give f
<br /> public notice o1 sale to tho persons and in the manner prescnbed by applicabla law.Trustee,�vithout demand on Borro�ver,
<br /> - � shellselllhePropertyatpublicauchontothehighestbidderatthehmeandplaceandunderthetermsdesignatedmthenotice `
<br /> of salo in one or moro parcels end in such order as Trustee rnay determine Trustee may postpone sale ol oll or any parcel ol .. '.,
<br /> the Proporty by public announcement at the hme and place ot any previously scheduled sale.Londor or Lender's designee
<br /> ...hocn fhn P�n�rtu nf onu uoln
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<br /> Uponreco�ptolpayrt�entofthepncobid,Truste�shalldelrvorlothepurChaser?rustoe'sdQedconveyingthePropertysold. � '
<br /> Tho rc�citals in the 7rustee's deod shall be pnma fac i e evidenco of the truth ol the stetements made therein.Truslee shall epply
<br /> ' theproceeds of tha sale u�the lollow�ng order(al to au Peasonable costsand expenses of the sale,including,bul�ot I�mited to,
<br /> ; Trustee's tees ot not moro than___ Sb of the gross sale pnce.reasonahle attomey's fees ond costs of titleowdence:
<br /> Ib1 to all sums secured by this Deed ot Trust.and(c1 the excess, if any,to tho parson or persons legally enntled thereto.
<br /> �� t9. Bonowerb Ri�hl lo Refnstete. Notwdhstand�ng Lender's acceierat�on ot the sums socured by th�s Docd of Trust �
<br /> . , Borrower shall have the nght4o have ony proceedings begun by Lender to entorce thQ Qeed of Trust discontinuc�i at any timo . ,
<br /> , -� pnor to tNe earl�or to occur o1(i)tho I�Rh day bofore tha sale o1 th2�roporty pursuant to the power ot salo contamod m the Deed
<br /> � of Trust(ii)entry of a�udgment ontorcmg th�s Doctd o1 Trust if:(a)Borrower pays Lender all sums which would be then due
<br />_ � . undt�r this Dood of trust,tho Noto end notes socunng Future Advances,d eny,had no occelerotfon occured:(b)8orrower _
<br /> �� curos sll bre9ches nt any othor covenants or agroomonts ot Borrower contamed fn this O�od of Trust(C)Barrower pays all
<br /> S reasonabto oxponses Incurrad by Lendor and Trusteu entorcmc�tne covonants and aqreemonts o4 Borrower conta�nod in this ,
<br /> � ' QeOd Of Trust nnd in enforCmy Lendor's and Trusta�o s rpmedios as provided in paragreph 18 httraot,including,butnot Ilmited
<br /> to,reasonablo ottorney's laes:and Id)Borrowor lakas such action as Londer may reasonably reqwre to assurethat tho lien of
<br /> 1hls Dead of Trust.Lendar's mtorost�n the Property and Bo�raver's obhgat�on to pay Ih�sums secured by th�s Deed ot Trust
<br /> shnll Continue ununpaired.Upon suCh pnymant nndcura by 8orro���ar,this Deed of Tr��st and tha obligations socured horeby j
<br /> '� shall romam in tull force and eNact as�f no accelerehon had occurrod �
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