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10 A by this LW4 of Trust imettaliolifly prior to the date of Witim bears to the fair market V440C of the Property iromadialely Prior to the date of taking, with the balawvol'the proicardh paid to Borrower. if the Property is abondonsicl by Borrower, of if, after Actric; by Lender to Borrower that the coridemn"roffers to make an award or hCulf it claim fir diumign, Borrower fails to respond to I emikir within 30 days after the data such notice is mailed, 140*f is authorized to MRqc:t and apply the prowds, at Lanalorlii Option, either it) reeforstimn or repair of the Property or to the swab secured by this Dead of Trust. Valarts Lawlor and Borrower Otherwise wee in wirtunig, any rueb 4PPkAMOn Of PfOMdG to p6tKip4l shall not extend Or ". PCHur the dMiC data of the monthly installitairafs referred to in paregitalislat I and 2 hereof in, change the arturium of such inisiallmaniii, M Nerentwor Not Relented. Extension of the time for payment of modificamor; of ammimtron offbe sums secured by this Mad of Trust VwUW by LoWer to any successor in hatareat of Borrower %hall am operate to Febutar, in any mariner, the liability of life original Borrower and Borrower's sucemors in interest. Lender shall not be required to comatence proceedings against such successor or refuse to extend lime for payffant or (Alffartrian modify amortization of the sums scented by this Deed of Trust by rqtgm of any demand made by the original Borrower "W Hkarrower's succo"ors in Interest. 11. Forboaramin, by ImMer Note Waiver, Any ftyrticafarwe by Lenda in exacisms any right or remedy hereunder, or otherwise afforded by appkabk law, awl not he a waiver of Of preclude the exercise of any %inch light or Firmody. The procurement of insurance or the payment of tam of 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 Deed of Truisi. st RemediesComailaillive. All remedies provided in this Deed of Trust are distinct and cumulative to any other fight of remedy under this Deed of Trust or afforded bylaw or equity, and maybe exercised comurrently, independently or successively. 13. Saintimmes OW Assigns bound-, JWM MW Several 11861111ty; Captions. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17 hereof. All covemmisand agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of this Deed of Trust are forwriveninvice only and are not to be used to interpret or define the provisions hereof, 14. Notice. Except for any notice refifuned under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Deed of Trust shall he given by mailing such notice by certified mail addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Leader as provided Went, and (h) any notice to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any non= provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manim designated herein. 15. Uniform Deed of Trian: Governing Law, Sievetrabinty. This form of deed of trust combines uniform covenants for national use and non- uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Deed of Trust shall be governed by the law tit the jurisdiction in which the Property is located. In the event that any provision or clause of this Deed of Trust or the Note conflicts with aprilacable law, such conflict shall not affect other provisions of this Deed of 'trust or the Note which Can he given effect without theconflk-ting provision, and to this end the provisions of the feed of Trust and the Note arc declared to be severable. 16. Darrower'n Copy. Borrower %hall he furnished a conformed copy of the Note and of this Deed of brio at the firne of "ecution or after recordation hereof. 17. 1'rasaffer of On Prop"; Amonapithia. If all or any part of the Property of an interest therein is sold of transferred by Borrower without Leader's prior written consent. excluding (a) the creation of a lien or encumbrance subordinate to this Dr.cd Of *Trust, Jb) the creation of a purchase money wunty interest for household appliances, (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of any Waschold interest of three years or less not containing an option to purchase, fender may, at Lender's option, declare all the sums secured by this Deed of Trust to be immediately due arc payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer. Lender and the person In whom the Property is to N sold or transferred reach agreement in writing that the credit of sucti prison is satisfactory to Lender and that the interest payable an the sums secured by this Deed of Trust shall be at such rate as Lender shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in interest has executed a written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all obligations under this Deed of Trust and the N(de. If Lender exeram such Enition to accelerate. I xndcr shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such mice "I provuk a period of not less than 30 days from the date the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior to the expiration of such period, Lender may, without further notice or demand on Borrower, invoi,ir any remedies permitted by paragraph IF hereof, NJ