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<br />by this Dad of Trust immediately prior to the date of taking bears t:: 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 suns 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 Dad 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 Dad of Trust by reason of any demand made by the original Borrower
<br />and Borrower's successors in interest.
<br />11. ForYatance 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 secured by this
<br />Dad of Trust,
<br />12. Rensedies Cu suhadve. 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. Successors 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 he 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. An,
<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 />15. Uniform Deed of Trust; Governing Law; Severability. 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 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 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 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 We 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 to 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 />IS. Acceleration; Remedies. Except as provided In parogroph 17 hereof, upon Borrower's breach of any covenant or agreement of
<br />Borrower is this Teed of Trost, initialling (be covenants to pay when due any sums secured by this feed of Tral, Lester prior to acceleration
<br />shall mall notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach; (2) the action required to cure such breach; (3) a
<br />date, not less taus 30 days from the date of notice is mailed to Borrower, by which such breach must be cared: 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 aodee sasB further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert The non-
<br />existence of a defawit or say other defense of Borrower to acceleration and sale. It the breach Is not cured on or before The date specified in the
<br />notice, I.esdar at Lender's option may declare all of the sums secured by this Deed of Trust to be immediately date and payable without further
<br />dentoW and may Invoke the power of ask and any other remedies permitted by applicable law. leader shall be entitled to collect all reasonable
<br />costs and expo am Incurred in pursuing the remedies provided in this paragraph 18, Including, but not limited lo, reasonable attorney's tees.
<br />If the power of ask is Invoked, Trustee shall record a notice of default In each county In which the Property or some pan thereof is located
<br />and shall ouR copies of sacb soft" in the manner prescribed by applicable low to Borrower and to the other persons prescribed by applicable
<br />kw. After The bon of well time as may be required by applicable law, Trustee shall give public notice of sale to the persons and In the manner
<br />prescribed by applicable haw. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time
<br />sad place and under the term designated in the notice of safe In one or more parcels and In such order as Trustee may determine. Trustee may
<br />postpone seek of all or say parcel of the Property by public announcement at the time and place of any previously scheduled sale. lender or
<br />[tinder's designee may purekase tae Property at say fork.
<br />Upon receipt of psysnest of the price bid, 'frusta shall deliver to the purchaser Trustee's deed conveying the Property sold. The recitals In
<br />the Trustee's dead shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the
<br />following orders (a) to an reasonable costs and expenses of the sale, including, but not limited to, Trustee's fees of not more than
<br />of the gross ask price, reasonable attorney's feet and cost,# of title evidence; IN to all sums secured by this IkM of Trull: and Ice the excess, If
<br />any, to the person or persons legally entitled therein.
<br />14. Borrower's Right to Reinstale. Notwtilmandinti Lender', acccleation of the unis secured hi tho Iced of I'rust. Bonowet shall have
<br />the fight to have any pra:eedings begun by I ender to enforce this Deed of I rn,t dtsrotumued at ani carts pnol 10 rile earhet 10 ttisur "1 ul th•
<br />fifth day before the sale of the Property putsuatu to the puwrt �d rile nauawrd in !his Dccd cal T not ,, nu enui of it nxtgnlcnt entmong 1ht,
<br />Decd of trust if (al Borruwct pays I -ndet all 'urm which would he 1hrn ,list tinder 1111% Herd of I;u.1 chit Nnir end nows u•.unng I alum
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