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<br />by this Deed of Trust Immediately prior to the ditto of taking bears 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 settle a
<br />claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is mailed, 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 installments referred to in paragraphs I and 2 hereof or change the amount of such installments.
<br />10. Borrower Not Released, Extension of the time for payment or modification of amortization of the sums secured by this tweed 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 />and Borrower's successors in interest.
<br />11. Forbeaereks 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 Cumulative. All remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this
<br />Dad of Trust or afforded bylaw or equity, and maybe exercised concurrently, independently or successively.
<br />13. Succoam and Assigns Bound; Joint and Several Liability; 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 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 need 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 :his Dad of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />IS. Uniform Deed of Trust; Governing Law; Severahility. 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 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 rime of execution or
<br />after recordation hereof.
<br />17. Transfer of the 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 sutras 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 sale or transfer, Lender and the person to whom the Property is to be sold or transferred reach agreement its 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 Nike.
<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 further covenant and agree as follows:
<br />10. Acceleration; Remedies. Except as provided In paragraph 17 hereof, upon Borrower's breach of any covenant or agreement of
<br />Borrower in this Deed of Trust, including the covenants to pay when due any sums secured by this Deed of Trust, Lender prior to acceleration
<br />sbnil mall antler to Borrower as provided In paragraph 14 hereof specifying: (1) the breach; (2) the action required to cure such breach; (3) a
<br />date, no less than 30 days from the date of notice is mailed to Borrower, by which such breach must be cured; and (4) that failure to cure such
<br />breach 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 further Inform Borrower of the right to Mutate after acceleration and The right to bring a court action to assert The non -
<br />existence of a default or any other defense of Borrower to acceleration and sale. If the breach Is not cured on or before the date specified in the
<br />mike, Leader N Lender's option may declare all of the sums secured by this Deed of Trust to be Immediately due and payable without further
<br />demand and any invoke the power of seek mad any otber remedies permitted by applicable law. Lender shag be entitled to collect all reasonable
<br />costs and expenses Incurred to pursuing the remedies provided In this paragraph 18, Including, but not limited to, reasonable attorney's fees.
<br />If the power of sate is invoked, Trustee &ball record a notice of default In each county In which the Property or some part thereof is located
<br />and shall mad copies of suck notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable
<br />law. Adler the him of such time as my be required by applicable law. Trustee shall give public notice of sale to the persons and in the manner
<br />prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time
<br />and place mad uaddtr the terms designated In the notke of sale In one or more parcels and In such order as Trustee may determine. Truster may
<br />peNpmme rook of nd er sty parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or
<br />Leader's I gmse any parchne the Property at any sale.
<br />Updm radsipl of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying The Property sold. The recitals in
<br />L
<br />Has TrusMe's deed d" be prima facie evhksce of the truth of the statements made therein. irusfee shall apply the pnxreds of the sale In the
<br />foMowlag order: (m) to SH reasonable costs and expemaea of (be sttk, Including, but not limped to, Trusi"N fees of not more than 3 a',
<br />of the gross oak peke, rensoo&W attorney's fro and cote of title evidence; (b) to all sums secured by this )reed (if hest; and W the eseesx. If
<br />my, to the person or persons kgniiy entitled thereto.
<br />it, Borrower's Right to NeLatale. Notwithstanding I ender's acceleration of the sums +"ured bq rhis Decd of f i kw, It.... r o,t ri .11;111 112vo
<br />the right to have any prasedings begun by Lender to ci force flits Decd of Tnrst disconhnucd ,u any 11mr I+nnr w ,lac c:ulu. !�. o" u; •Ir to ehc
<br />fifth day Wore the seek of the Property pursuant to the (tower of sate contained in this Dred of 1 rust or ni( can, n', i tidgmr111 r,,Gr.•, eau 1111,
<br />Deed of Trues & (a) IAarower Imys Lender all sum% which would he rhm duc under this Decd 4 Titw. !h, 1nd not, .,. :.inu I unu.r
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