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<br />dl 105920
<br />by this Arid of Trust immediately prior to the date 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 Decd of Trust.
<br />tJntess 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. Renewer Not Released. Extension of the time for payment or modification of amortization of the sums secured by this 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 Aced of Trust by reason of any demand made by the original Borrower
<br />and Borrower's successors in interest.
<br />11. Forbearance by leader 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 sccurcd by this
<br />Deed of Trust.
<br />12. 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 bylaw or equity, and maybe exercised concurrently, independently or successively.
<br />13. Soccums and Amens Bound; Joint and Several Liability; Captious. 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 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
<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. Uniform Deed of Trust; Goveruiog Law; Severab(lity. 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 he 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. 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 teed 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 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 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 further covenant and agree as follows:
<br />18. 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, Leader prior to acceleration
<br />shall mall notice to Borrower as proved In paragraph 14 hereof specifying: (1) The breach; (2) the action required to cure such breach; (3) a
<br />date, not 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 dale specified In The notice may result in acceleration of the sums secured by this Deed of Trust and sale of the Property.
<br />The hods sW further Inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-
<br />tablarm of a default or any other defense of Borrower to acceleration and ask. If the breach Is not cured on or before the date specified in the
<br />noUee, Lender at Leader's option my declare all of the sums secured by this Deed of Trust to be Immediately due and payable without further
<br />desmd and my Invoke the power of sale and any other remedies perm;:ied by applicable law. leader shall be entitled to collect all reasonable
<br />casts and expenses Incurred in pursuing the remedies provided In ibis paragraph 18, lecladiag, but not limited to, reasonable attorney's fees.
<br />If the power of seek is invoked, Trustee shall record a notice of default in each county in which the Property or some part thereof Is located
<br />and shag mail copies of such notice in the manner prescribed by applicable law to Borrower and to The other persons prescribed by opplitaable
<br />haw. Aft the lapse of such time a may be required by applicable law, Trustee shall give public notice of salt to the persons and in the manner
<br />prescribed by applicable law. Trustee, without demand on Borrower, shag sell the Property at public auction to the highest bidder at the time
<br />and place mad under the terms designated In the notice of oak In one or more parcels and In such order as Trustee may determine. Trustee may
<br />postpone sale of fill or any pared of the Property by public announcement at The time and place of any previously scheduled salt. lender or
<br />Leader's deslip ee may purchase the Property at any ask.
<br />Upon receipt of payment of the price bid, Trustee *bell deliver to the purchaser Trustee's deed conveying the Property sold. The recllals In
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<br />Me Trostee's deed &Wall be prise fade evidence of the troth of the statements made therein. Traelee shall apply The proceeds of The salt In the
<br />L following order: (a) to all reasonable costs and expenses of the sale, Including, but net limited to, Trustee's fees of not more than . _... ®tee
<br />of the grass oak price, reusntmbk altoraey's fees and costs of title evidence; (b) to all sums secured by this Ikvd of 'Trust: and (c) the excess, It
<br />any, to the pence or person legally atltkd therein.
<br />14. Borrower's Right to Reinstate. Notwithstanding L.cnder's acceleration of the sums secured by this D"d ill I imi, Norrowrr shall have
<br />the right to have any proceedings begun by Lender to enforce this Deed of Trust discontinued :a any time prior Io the carnet t... <s 11 of (ii the
<br />fifth day before the sale of the Property pursuant to the power of sale contained in this Deed of I rnst in (ii) enti y „i a nn pincot rnlr icntip ihi,
<br />listed of Trust if: (a) florrowcr pays Lender all %urn% which would he then clue under this Deed rat Irmt, the Note mid i ... fe, -, lit init I'muic
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