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it by this 040 of Trust immediately Prior to ik data of taping Isms to the fair market value of the property in -,4101y prior to the date of lakiag. with the balema of the proossids paid to worrower. If the property is Weaftelossed by Borrower. or if, after notice by lender to Borrower that the condemnor offers to make an award or settle a daw for falls to respond to within 30 days after the two such notice is mailed, Lfadef is euthorized in collect end apply th4 proeveds. at tower's option, Vither to restoration or repair of the Property or to the Non WPUT44 by this of Trust, Unison Leader mW Borrower pelinwim Wag in writing. any suet AppWadon of proars4i to principal neat extend or Postpone the titre of the morubly, installments roferel to in paragraphs I and x hereof or change the amount of such installments. 1N. " RelaweeL Extension of the Or for payment or modification of Amortizatim of the sutras secured by this Doed of Trost ArOMW 4 LVMW to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and borro"'s suesatesm in inn shall not be required to commence pr 'rigs against such s or refuse to extend liaw for payment or witty modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower anst two's sucaresors in interest, 11. FOIbM&M by LaMte Not* Wtalm, Any forbearance by Lander in exercising any right or remedy hereu , or otherwise afforded by applicable haw, shall not be a waiver of or preclude the exercise of any such right or tettedy. The procurement of insurance or the payment of tam or other lions or charges by lender shall not be a waiver of Lender's right to accelerate the maturity of tdw indebtedness secured by this Deed of Trust. IL Cove eve. All remedies provided in this teed of Trust arc distinct and cumulative to any other right or remedy under this Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively. 13. Succestem and Atoms Beath; Joint and *vend usie ty; Capdow. The covenants and agreements herein comained 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 covenants and agreements of Borrower shall be joint and several. The options and headings of the paragraphs of this Deed of Trust are for convenience only and are not to be used to interpret or define the provisions hereof. 14. Notion. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Deed of Trust shall be 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 lender as provided herein, and (b) 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 Mice 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. 13. Ung®rve Deed of Treat; Governing Law; SevenblMy. This form of deed of trust combines uniform covenants for national use and ton- 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 of the jurisdiction in which the Property is located. In the event that any provision or clause of this Dead of 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 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. 16. Berrewer's Copy. Borrower shall be furnished a conformed copy of the Note and of this feed of Trust at the time of execution or after recordation hereof. „17. Transferal the Property; Assueaption. If all or any part of the Property or an interest therein is sold or transferred by Borrower 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 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 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, 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, 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 such person is satisfacury to Lender and that the interest payable on the sums secured by this Decd 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 Note. If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof. 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 due. If Borrower fails to pay such stuns prior to the expiration of such period, lender may, without further notice or demand on Borrower, invoice any remedies permitted by paragraph IS hereof.