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<br />by this Dead of Trust immediately prior to the data of taking hears to the fair market value of the Property immediately prior to the date of
<br />taking, with the balance of the proceeds paid to Borrower,
<br />if the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or scale a
<br />claim for derringer, Borrower fails to respond to !..ender within 30 days after the date such notice is mailed, Lender is authorised to collect and
<br />apply the proceeds, at Leader's option, either to restoration or repair of the Property or to the sums secured by ibis Deed of Trust.
<br />Unless Leader and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone file due
<br />date of the monthly installments referred to in paragraphs l and 2 hereof or change the amount of such installments.
<br />It. Burower Net Belaaed. Extension of the time for payment or modification of amortization of the sums secured by this feed 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 successors 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 />aid Borrower's successors in interest.
<br />11. Forbasrem by Leader Net a Walver. 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. Poseediles Cumulative. All remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this
<br />Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />13. Seeeenots and Assigns Boras; Joint and Soy" L ishillity-, 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. AB covenants 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, Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided for in
<br />this Deed of Trout 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 fender 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 Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />IS. UnIfors Deed of Treat; Goveredag Law; Severabf ity. This form of deed of trust combines uniform covenants for national use and
<br />non- uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Deed of
<br />Trust stall 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 tie time of execution or
<br />after recordation hereof.
<br />17. Transfer of the Property; Assanapdon. if all or any part of the Property or an interest therein is sold or transferred by Borrower
<br />without Leader'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 1. ender's option,
<br />declare all the sums secured by this Deed of Trust to be immediately due and payable. Lender shall have waived such option to accelerate if,
<br />prior to the sate 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 perms is saasfactory to Lender and that the interest payable on the sums secured by this feed of Taut 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, fender shall release Borrower from all obligations under this feed of Trust and
<br />the Note.
<br />if Lander 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 IS hereof.
<br />NON- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />ill. Acceleration; Rtaedles. Exeept as provided is paragraph 17 hereof, upon Borrower's breach of any covenant or agreement of
<br />Borrower M this Deed of Treat, including the co•enaats to pay wb-n due any sums secured by this Decd of Trust, lender prior to acceleration
<br />sW ma0 nodee to Borrower as provided to paragraph 14 beresd specifying: (1) the breech; (2) the action required to cure such breach; (3) a
<br />dote, ast bee tea 30 days frog the "of notice is malled to Borrower. by wbkb arch breach mast be cored-, slid (4) !hat failure to cure inch
<br />brnad an or before the date spKMW is the notice fay result in acceleration of the sans secured by this Deed of Trust and ask of the Property.
<br />The aedoe dad fandler inters Borrower of the right to reinstate after acceleration and the tight to bring a court action to assert the non-
<br />wAsUm a delnR or any other defense of Borrower to acceleration and ssk. If the breach In not cured on or before the date specified in the
<br />siodee. Leader at Leader's opdoe my declare A of the eraer sec±nd by this Heed of Treat to be Immediately due and payable without further
<br />ohtasat a and My invobt the power of seek and my other remetdle permitted by applicable law. Leader shall be entitled to collect all reasonable
<br />celeste and expenses Italian is porsoag We remedies provided In ibis paragraph 18, including, but riot limited to, reasonable attorney's fees.
<br />It the power of Hie In Invoked, True sha0 record a notes of default in each county in which the Property or some part thereof Is located
<br />and sha0 and copies of nisei leader In the soma prescribed by applicable law to Borrower sad to the other persons prescribed by applicable
<br />pee. At her On lapse of web Wore as my be relfirdred by applicable law, Trustee &ball hive public notice of sate to the persons and in the manner
<br />plane Hood by tpBpthle haw. Trustee, without demand on Borrower, sW sell the Property at pudic auction to the highest bidder at the time
<br />laded place and enter the I l i leg d hs On under of u in one or more parcels and in such order as Trustee may determlue. 'Trustee may
<br />postpone side of a0 or any pared of die Properly by pnhlte announcement at the time and place of any previously scheduled sale. Lender or
<br />Lesull is I I fit am it A sae We Property at any aide.
<br />Upon ticeipt af ppsext of the price bad, T dAver to the purchaser TrusMr's deed conveying the Property sold. The recitals in
<br />Ws'1"fw"'adsod"be ptha fade "Mme of the troth of dw statements mede therein. Trustee %ball apply the proceeds of the sad In the
<br />f order. (s) s a0 Ina will cosy and expenses of the sak. lachadholl, bat not limbed to, 'Trustee'% fees of not more than ? W,
<br />of dw Won ode price, 's ism and comb of We evidence: (b) to all sums urured by this Deed of Trust; and le) the escess, if
<br />W, M the person or /flood klieft nodded threats.
<br />19. 's Right ft MvinebOo. "withstanding Lender's ac,.rferation of the rums recut Kf lw thte herd of I use, lion nwc. shall have
<br />the right to have any fit. ings (dun by I coder it, crrf my this 0"d of 1 rtw lei,+ miiinued ;ai en., I .me I^ u•: 1 !w r:n I 1 � . ,_ �.�, . I � � I I'I,
<br />fifth day hef(mv the toir of the Prornrty purvesant io the twwrt of safe omtdaie,3 to this fk -d ", I n"t ,'r rat eon; s .,I a t.r!w,-w I., , :rap' Ihi,
<br />Deed Of "image if (s) W-4rowtw pa" Lender all %uma which .„old he then dur tordrr, +III, herd „t i n t. the N—f ;,,;.f . •,<. ,n' t ut-,
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