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<br />by this feed of Trust immediately prior to the date of taking bears to the fair market value o€ the Property immedia 19, neoate 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 !.ender 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 1 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 Deed 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 Deed of Trust by reason of any demand made by the original Borrower
<br />and Borrower's successors in interest.
<br />11. Forbeafience by Lender Not a Weiver. 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 by law or equity, and may be exercised concurrently, independently or successively.
<br />13. Successors end Assigns Bound; Joist 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. Nome. 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 he 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 o.- to such other address as Lender may designate by notice to Borrower as provided herein. Any
<br />notice provided for in this teed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15. Uniform heed of Trust; Governing Law; Severabitity. 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 />Ib. 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 Deed of Trust, (b) the creation of
<br />a purchase money security interest for household appliances, (e) 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 sn ,.vhom 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 73 hereof.
<br />NON - UNIFORM COVENANTS. Burrower and Lender further covenant and agree as follows:
<br />!g. A . Except as provided is paragraph 17 hereof, upon Borrower's breach of say covenant or agreement of
<br />Borrower In this Deed of Trust, Including the covenants to pay when due any sagas secured by this feed of Trust, fender prior to acceleration
<br />shmill road notice to Borrower as provided in paragraph 14 hereof specifying: (1) the breach-, f2) the action required to care such breach; (3) a
<br />daft, am Into than 30 days from the date of notice is mailed to Borrower, by which such breach must be cored; a (4) that faifure to cure such
<br />branch on or before the date specified in the notice may result in acceleration of the saws secured by this Decd of Trust and oak of the Property,
<br />The tender shall further Wastes Borrower of the right to reinstate after acceleration and the tight to bring a coati action to assert the non-
<br />ezkftnm a default or any other defense of Borrower to acceleration and sale. If the breach is not cured on or before the date specified in the
<br />notice, Lender N 's option may declare all of the sums secured by this Deed of Trust to be immediately due and payable without farther
<br />demand and may invoke the power of sale and any other remedies permitted by applicebte haw. lender shall be entitled to collet all reasonable
<br />cases and 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 sale is invoked. Trustee shall record a notice of default in each county in which the Property or some part thereof is located
<br />and 0.1 sail. s.G."ev dl. tr manner pnesccribsdr by applicable law to Borrower and to toe tither perxcrns prMeribed by pp-HeWe
<br />law.. Aft the of sock time as may be required by applicable law. Trustee shall give public notice of sale to the persons and in the manner
<br />prescrilbed by spieficable few. Trustee. without demand on Borrower. shall sell the Property at public auction to the highest bidder of the time
<br />and place and under the terew Jesiguated in the notice of sale in one or more paroeis and In such order as Trustee may determine. Trustee may
<br />postpone sale of aB or any ptwcel of the Property by public renouncement at she time and place of any previously scheduled sale, Leader or
<br />! is dragon mal, porrhose the Property at any safe.
<br />Upow receipt of payment of the price bid, Trustee shelf deliver to the purchaser Trustee's deed conveying the Property .:ofd. The teritais in
<br />tiset"Wor's facir evidence of the truth of the statements mede therein. Truster abaft apply the proceeds of the ssk in ths^
<br />f : (at fo On ressonable cents and expenins of the ante, Including. but not limited to. I rust"'' fees of not more than
<br />of the greses safe price, nttt€raev's teas and coals of title evidewcre IbI tea all 'Men, secured by this Deed of i rues; and !<l the rv.: —, it
<br />to Clait person Of P"I"us, lesulb, cludded t -v
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