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<br />88- 1049815
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<br />9. CctndemnaUon. The proceeds of any award or claim lor damages, direct or consequential, In connection wilh any
<br />condemnation or other taking 01 the Property, or partthereot. or for conveyance in lieu of condemnation, Bre hereby assigned
<br />and shall be paid 10 lender, '
<br />In Iha evanl of atolallaklng ot tha Properly, the proceeds shsll be applied to the sums secured by this Dsed of Trust, with
<br />tha aKcess, if sny. paid to Borrower. In the event 01 a psrlisllaklng of the Properly, unless Borrowsr and lender otherwise
<br />agrealn writing, thsre shall be appliad to the sums secured by this Daed of TruslSuch proportion oftha proceeds as laaqualto
<br />thalproporlion which thaamount orths sums secured by this Deed of Trust immediately prior to the dats 01 laking baa", to tha
<br />fair market value of the property immediately prior to the date 0' taking, with the balance of the proceeds paid to Borrower.
<br />If the Property is abandoned by Borrower. or II. after notice by lender to Borrower thot the condemnor offers to make an
<br />award orse"19 B clafln for damagei: Borrower falls to respond to lender within 30 days after the date such notice Is mailed,
<br />Landar is authorized to collaet and apply the proceeds. at lender's oplion. sllher to rsstorslion or repslr otthe Propsrly or 10
<br />the sums secured by this Deed 01 Trust
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend or
<br />postpone the due date 01 the monthly installments relerred to in paragraphs 1 and 2 hereof or change the amount of such
<br />installments,
<br />10. BorrowerNotR.aNd. Extension of the time for paymentar modification of amortization 01 the sums secured by this
<br />Deed of Trust granted by Lender to any successor in interest of Borrower shall nat operate to release, In any manner, the
<br />liabilityafthe original Borrower and Borrower'ssuccessors Interest LendershBII not be required to commence proceedings
<br />against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this
<br />Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest
<br />11. ForbII.r.nee by Lender Not a W.lver. Any forbearance by Lender In exerCising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall nol be a waiver of or preclude the exercise of any such righl or remedy. The
<br />procurement of Insurance of the payment of taxes or othor liens or charges by Lender shall not be a waiver of Lender's right to
<br />accelerate the maturity of the indebtedness secured by this Deed of Trust.
<br />12. Rllllledl.. Cumul.Uve All remedies provided in this Deed of Trust are distinct and cumulative to any other right or
<br />remedy under Ihis Deed of Trust or afforded by law or equity, and may be exercised concurrently, Independently or
<br />successively.
<br />13. SUcc"'OTl and Aui~n. Bound; Joint and Several Uablllty; Caption.. The covenants and agreements herein
<br />contained shall bind. and the nghts hereunder shall inure to. the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof, All covenants and agreements of Borrower shall be joint and several. The
<br />captions and headings of the paragraphs of this Deed ofTrustare far convemence only and are notlo be used to Interpret or
<br />define the provisions hereof.
<br />14. NoUee. Exceptfor any notice required under applicable law to be given in another manner. (a) any notice 10 Borrower
<br />provided for in this Deed of Trust shall be given by meilio$) such notice by certified mail addressed to Borroweratthe Property
<br />Address or at such other address as Borrower may deSignate by notice to Lender as provided herein, and (b) any notice to
<br />lender shall be given by certified mall. return receIpt requested. to lender's address stated herein or to such other address as
<br />Lender may designa1e by nollce 10 Borrower as provided herein. Any notice provided for in this Deed of Trust shall be deemed
<br />to have been given to Borrower or lender when given in the manner designated herein.
<br />15. Uniform Deed O. Trult; GovDrnlng LaWj Severabllly. The form 01 deed of trust combines uniform covenants for
<br />~~=~~~ =I:~':~.u;~:~~~~'}~~~ ~~~II=I=:~:I~~~h~YI~~i~~~~j~rlt~f~tlnos~~~t:~I~;~e~r~;'~'sl=~::;:r~
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<br />the event that any proviaion or clause of this Deed of Trust or the Note conlllcts with applicable law. such conflict shall not
<br />s~ecl othsr prOVIsions 01 this Deed olTruSlorlllrrNOI8 Wjllc~.can be given sllect without the conflicting provisions, and to this
<br />and the prOVlllons 01 tile Deed 01 Trustanflntllfaljl','llIIdili:lareelto,be saverable,
<br />1.. Bono_'s Copr, Borrowe! shB!l:be tuiffl~hI!~wnroinied copy of the Nole snd 01 this Deed or Trusf at Ihe lime of
<br />execubonoraherrecordltlonherebl. .. >'<'.1 :;.'" -..foi..... ..'
<br />17. T.._ oIlh. "'-'r. AaumpUon,1I iiil oriinypart of ths properly or an Intereat thsreln Is acid or transfarred by
<br />8orrower without Lender's prior written conaent. excluding (a) the creation of a lien or encumbrance subordinate to this Deed
<br />of Trust (bl tile creation of. purch_ money security Inte",st lorhousahold appliances. (cJ a Iransfer by davtl8 d_ or by
<br />operation 01 law upon thed_th at a jointtenanl Qr (d) thagrant o' any leasehold interest of three years or leas nolcontalnlng an
<br />option 10 purchssa, Lander may. al Lenda~s option. declare all tha sums sacurad by this Deed of Trusllo be Immeellalaly dua
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<br />~~'::fu-:~ro'i::-~s":;,a::" ~fd ~~I=:'~~r~~:~~~~=.::';~:~~'w"~~".;~c:.:ft:I~::.dW'o'is:;h';=~rsd::s=~ ~
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<br />Lender ami fha.the inlDreatpllyable on tile aums secured by U1illl Deedof TrustahBl1 be 81 such ram as Lenderahall request II
<br />lender has waived the op~on 10 accelerate provided in this paragraph 17. and If Borrower's succeaaor In interest has
<br />exoc..,ted a written asaumpbon agreement accepted in writing by Lender. lender shall ntlease Borrower from all obllSJlltJons
<br />undsr this Deed or Trust end tha Note.
<br />If Lender exercises such option to accelerate. Lender shall mail Borrower nollce of acceleration In accordance with
<br />P8naJt::,"IIlDh 14 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which
<br />Borrower ,,~~~ Day the suma declared dUB. II Borrower fails to pay such sums prior to the expiration o. such period, Lender
<br />may. without fuftr1b: "'ollce or demand on Borrower. invoke any remedies permitted by paragraph 18 hereof.
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<br />NON-UNIFORM COVE""~ Borro_ and LencIar __ cov_l.nd 811- .._we:
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<br />11. Acceleration: Rem.U... Ex~9t as provided in paragraph 17 hereof, upon Borrower's br MlCh of any covenant or
<br />agreement of Borrower in this Deed of Trust including the covenants to pay when due any sumsaecured by this Deedo'Trust.
<br />Lenderpriortoacceleration shall mail noticett.. ~rrower8sprovided In paragraph 14 hereofspeclfying:(1)lhebreach; (2)the
<br />action required tOC1Jresuch breach; (3) a date, no~ leas than 30 daya from the date the notice is mailed to Borrower. bywhlch
<br />such breach must be cured; and Co() that failure to CUf~ such breach on or before the date specified in the notice may result In
<br />acceleration of the suma secured by this Deed ofTrustal~d sale a. the Property. The notice shall further lnfonn Borrower of the
<br />right to reinstate afb!tr acceleration and the right to bring a ~.Qurt action to assert the non-existence of a defaull Dr any other
<br />defense of BonowertoacceJeration andsale..lflhebreach Is .,"1t cured on or before the date specified In the notice. Lender at
<br />Landar'1 opIIOI1 maydaclll", all 01 the sums secureel by this Dee.:' 01 Trust to be Immadistalydus and payable without "'rlhar
<br />demand and may Invoke the power 01 sale and any other ramedle:< permittad by applicable law. Landar shall be enUUeelto
<br />collect.1I reuonableCOStl and expenses incurred in pursuing the re."'tledlesprovided In the paragraph 18,includlng, but not
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<br />Iim=~ ~::J.~stee shall record a notice of default .In each county in which the Property or some part
<br />thereof illocatedandshall mall copies of such notice in the mannerprescrib.."td by applicable law to Borrower and to the other
<br />persons prescribed by appllcabla IlIw. Altar the lapse or such time as may be "Squired by applicable law. Trustea shall glvs
<br />pubtic notice of sale to the person. and in the manner prescribed by Bppllcablet1aw. Trustee. without demand on Borrower.
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<br />Iha Property by public announcement.t tile time and place or sny previously SCheelu:U':.le, Lander or Lande~s dasignae
<br />may pur_the "'-'Y" any_,
<br />TheU~~~f.:!:=~~~~-:~:~oIlOth~~~~~~~~n::;~=~:;:.y~n~~':"ro:::.Wa~~?y
<br />1ha~0I1ha _In lhelellowlng order: (a)toall reuonable collsand eKpenlalof the 18~',lncludlng. but not limited 10.
<br />~==~""'::=Dead oITruSl;~~~"::."lfl~~==:'~":=~~~~~J::~a:r:,~ce;
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<br />". ----.1IIgIlt ID ~ NOlwlthalanlllng Lender's acceleration 01 the sums sacured by :<>Is Deed of Trus~
<br />BomIw<< ohaIlhavathe rightlo have any pr~lna- begun by lendsrlo enforce the Deed of Trusl dlscontin~<'d alany lime
<br />prior 10 IhaMllierlo occur of (il the Iiflh doIybelorethesaleof the Properly pursuant to the power of asle contained in ;:,.. Deed
<br />of Trull ("1 entry 01. judgment enlorclng this Deed oITrust It. ea) Borrower pays Lander all sums which would be then Q~'
<br />under thia o.d at Trull. the Note and nolN lleCuring Future Advlncea.lf anv. had no acceleration occured:(b) Bonower
<br />cur.. all brMChn at any othef covenants or agreements of Borrower cantBlned In this Deed of Trust (c) Borrower pays all
<br />reasonable ...penSft Incurr~ by Lendef and Trult.. enlorcing the covenlnt&and agreements at BorroYt/sr contained In this
<br />Dwdof Trust.nd In enforcing lMIde", Ind Trull.... remedlesalproYided In paragraph 18 hltfeof.lncluding. bu1 notlimiled
<br />to. reaaonabitlaftornoy'. t.... and (dl80flow",'-kn luch action a.l Lender may reasonablv require 10 assure thai the lien 01
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<br />~~:I?:bC::::~~':m~10=-:~~~=r=d.;~~r&:~~~I~I~~ ::;,r~:':~~:h~~:~I?:nl~~ttC~d O~D~~U~:
<br />If\aU remacn in lun IOfet! and ~1 a, d no ace.lI.,allon had occurred
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