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87_.103429
<br />by this Deed of Trust Immeliately prior to the date of taking hears to the fair market value of the Property immediately nrior to the date of
<br />tolung, with the balance of the proceeds paid to Borrower,
<br />if the Pioperly is abandoned by Borrower, or if, after notice by Lender to Borrower that the co,rdemnor offers to make an uward or scale a
<br />claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is :nailed, Lender is authorized to collect and
<br />apply the proceeds, at Lender's option, either to restoration or repair of the Property or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due
<br />date of the monthly itutaUmeats referred to in paragraphs I and 2 hereof or change the amount of such installments.
<br />10. Bw~ Not Released. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust
<br />granted by Lender to any successor In Interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and
<br />Borrower's surges m in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower
<br />and Borrower's successors in interest.
<br />11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded
<br />by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the payment of
<br />taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this
<br />Deed of Trust.
<br />12. Remedies Calouslative. AB remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this
<br />Dad of Trost or afforded bylaw or equity, and maybe exercised concurrently, independently or successively.
<br />13. Successors and Amigos Board; Joint and Several LiabWty; Captions. The covenants and agreements herein contained shall bind, and
<br />the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17
<br />hereof. All covtaunu and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of this Deed of Trust
<br />are for convenience only and are not to be used to interpret or define the provisions hereof.
<br />14. Nods. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided for in
<br />this Dad of Trust shall be given by mailing such notice by certified mail addressed to Borrower at the Property Address or at such other address
<br />as Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by certified mail, return receipt
<br />requested, to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any
<br />notice provided for in this Dad of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15. Uulforse Deed of 'hot; Governing Law; ServerabWty. This form of deed of trust combines uniform covenants for national use and
<br />non - uniform covenants with 11wted variations by jurisdiction to constitute a uniform security instrument covering real property. This Deed of
<br />Trust shall be governed by the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Deed of
<br />Trust or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Deed of Trust or the Note which can be
<br />given effect without the conflicting provision, and to this end the provisions of the Deed of Trust and the Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust at the time of execution or
<br />after recordation hereof.
<br />17. Tender of this Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred by Borrower
<br />without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to this Deed of Trust, (b) the creation of
<br />a purchase money security interest for household appliances, (c) a transfer by devise, descent or by operation of law upon the death of a joint
<br />tenant or (d) the grant of any leasehold interest of three years or less not containing an option to purchase, Lender may, at Lender's option,
<br />declare all the sums secured by this Dad of Trust to be immediately due and payable. Lender shall have waived such option to accelerate if,
<br />prior to the sale or transfer, Lender and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of
<br />such person is satisfactory to Lender and that the interest payable on the sums secured by this Deed of Trust shall be at such rate as Lender shall
<br />request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in interest has executed a
<br />written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all obligations under this Deed of Trust and
<br />the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof.
<br />Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Borrower may pay the sums declared
<br />due, If Borrower fails to pay such sums prior to the expiration of such period, Lender may, without further notice or demand on Borrower,
<br />invoke any remedies permitted by paragraph 18 hereof.
<br />NON - UNIFORM COVENANTS. Borrower and Lender farther covenant and agree as follows:
<br />18. Acceleration; Remedies. Except as provided in paragraph 11 hereof, upon Borrower's breach of any covenant or agreement of
<br />Borrower in We Deed of 1Yusl, Including the covenants to pay when due any sums secured by this Deed of Trust, Lender prior to acceleration
<br />along mail no" to Borrower us prodded In paragraph 14 hereof specifying: (1) the breach; (2) the action required to cure such breach; (3) a
<br />date, out kw than 30 days from the date of notice is mailed to Borrower, by which such breach must be cared; and (4) that failure to care such
<br />breech on or before the date specified In the notice may result In acceleration of the sums secured by this Deed of Trust and sale of the Property.
<br />The notice shag farther Ideres Borrower of the right to reinstate after acceleration and the right to bring a court action to assert The non-
<br />existence of a default or any otber defense of Borrower to acceleration and sale. If the breach is not cured on or before the date specified in the
<br />notice, Lender at Lender's option my declare all of the sum secured by this Deed of Trust to be Immediately due and payable without further
<br />demand and my Invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all reasonable
<br />costs and expenses Incurred in pursuing the remedies provided in this paragraph 18, including, but not limited to, reasonable attorney's fees.
<br />If the power of sale Is Invoked, Trustee shag record a notice of default in each county its which the Property or some pan thereof is located
<br />and "mall coplm of sod notice to the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable
<br />law. After the 4paa of web tine se may be required by applicable law. Trustee shall give public notice of safe to the persons and in the manner
<br />prescribed by oppBable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time
<br />soul place and under the term designated in the notice of sale in one or more parcels and in such order as Trustee may determine. Trustee may
<br />postpone seek of ag or any pared of the Property by public announcement at the time and place of any previously scheduled sale. Lender o-
<br />Lender's I is may par A the properly at any ask.
<br />Upon mayl of paywAN of the price bid. Tresim shag deliver to the purchaser Trustee's deed conveying the Property sold. The recitals In
<br />Use Troolse's deed shag be pries tuck evidence of the troth of the statements made therein. Trustee shall apply the proceeds of the sale in the
<br />falls is ordert (a) to 60 min usobk comb and expenses of the sale, including, but not limited to, Trustee's fees of not more than __3 ._._.010
<br />of the grow sale price, ressonabk attorney's tam and costs of title evidence: (b) to all sums secured by this Deed of "Trust; and (c) the excess, if
<br />any, to the pursue or pMwns MYgy sudtled tbeMo.
<br />10. Borrower's BJght to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Decd of fruit, horrvwer shall have
<br />the right to have any proceedings begun by Lender to enforce this Decd of Trust discontinued at any lime prior io the earlier err ovoil of Of the
<br />fifth day before the seek of the Property pursuant to the power of sale contained in this lked of I rust or tui emry of a ntdgntent enforcing this
<br />Deaf of Trust it: (a) Borrower pays Lender all sums which would be then due under this tired of I ruse, +he Note anct noics ,«vnnp I onuc
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