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<br />by this Dad 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 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 amortizatiop 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. Forkseraeu by leader Not a Walver. 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 />Deed of Trust or afforded bylaw or equity, and maybe exercised concurrently, independently or successively.
<br />13. Saecemors end Assigns Bond; 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 Dad 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 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 Trod; Governing Law; Severability. This form of deed of trust combines uniform covenants for national use and
<br />tan- 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 />lf. Borrower's Copy. Borrower shall be furnished a conformed cops' 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 ppvable. 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 Dud of Trod, including the covenants to pay when duce say sums secured by this Deed of Trust, Leader prior to acceleration
<br />9Wl mail notice to Borrower as prodded is paragraph 14 hereof specifying: (1) the breach; (2) the action required to care such breach; (3) a
<br />dale, not ass then 39 days from the date of notice is mtadW to Borrower, by which such breach must be cared; stall (4) that failure to care such
<br />breach on or before the date specified In the notice may result in acceleration of the sums secured by t his Deed of Trust and sale of the Property.
<br />The notice distill fwdw Inform Borrower of the right to rdastate after acceleration and the right to bring a court action to amert the non -
<br />dldsmemee of a dlfmalt or any other defense of Borrower to acceleration and seek. If the breach Is not cared on or before the date specified in the
<br />satire, Lender at Leader's option may dpare all of the sees spared by this Deed of Tract to be imsedletely due and payable without farther
<br />deemed and may invoke the power of sale and may other remedies permitted by applicable law. Lender shall be entitled to collect all reasonable
<br />costs end expenses incurred in pursuing the remedies provided In this paragraph 18, including, but not limited to, reasonable attorney's fees.
<br />If the power of ask Is Invoked, Trustee shall record a notice of default in each county In which the Property or some part thereof Is located
<br />and shall mall copies of seek notice is the maener preseribed by applicable law to Borrower and to the other persons prescribed by applicable
<br />law. After the ape of seek toe a my be required by applicable law, Trustee shall give public notice of sale to the persons and in the manner
<br />prmeNkei by oppYeakk law. Trustee, wNkoel demand on Borrower, shall sell the Property at public auction to the highest bidder at the time
<br />and pace tend under the terms dedgented In the sotiee of sale in one or more parcels sad In such order as Trustee may determine. Trustee may
<br />it pee sale of all or may pored of the Property by public aamosecemeat at the time and place of any previously scheduled sale. Lender or
<br />Looder's designee may pare. the Property at say sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed cooveying the Properly sold. The recitals In
<br />L eke Trustee's dud AM be prime fade evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the
<br />following order: (a) to all renosmkk club sad expenses of the sak, Including, but not limited to, Trustee's fees of not more than _. 3.0 _ 010
<br />of the Stun sale price, reasonable, attorney's fees and costs of title evidence; (b) to all sums secured by this Deed of Trust; and (c) the excess, if
<br />may, to the person or persons IegoBy eadded theme.
<br />H. brewer's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Deed of Trust, Borrower shall have
<br />the right to have any proceedings begun by Lender to enforce this Deed of Trust discontinued at any nee prior to tar. earlier w ixcur of O rtx
<br />fifth day before the sale of the Property pursuant to the power of sale contained in this Deed of Trust or 00 entry of a tudgment enfordng 0us
<br />Deed of Trust if: (a) &xrower pays Lender all sums which would be then due under this Deed ut inns;, the Note and iwt:-s .,ruri tug t'urtire
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