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85,... 0021 18 k ; by this Decd of Trust immediately prior to the date of taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds paid to Borrower. If the Property is abandoned by Borrower, or if, after notice by Fender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fella to respond to Lender within 30 days after the date such notice is mailed, bender is authorized to collect and AMY the proceeds, at Lender's option, either to restoration or repair of the Property or to the sums secured by this Deed of Trust. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or l: date of the monthly installments referred to in p postpone the due � paragraphs 1 and 2 hereof or change the amount of such installments. 10. Detttrewer Not Rele aeil, Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust 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 Borrower's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for Past or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and 's successors in interest. II. Few by Lawler Note Vlratver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, stall not be a waiver of or preclude taxes or other lens or cages by Lender shall not be a waiver of Lender's accelerate heemaprocurement y of the findeb indebtedness secured bynthis i Deed of Trust. 12' 1101111011MINS CdWAhWht. All remedies provided in this Deed of Trust are 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. 1 ' Successors mW AssIM Bound: Jour nmtd Several IlibiUty: Captions. The covenants and the rights hereunder shatl inure to, the respective reements herein contained shall bind, and pec-tive successors arid 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 captions 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 previsions hereof. 14. No**. 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 I.ender shall be given by certifigl mail, return receipt requested, to Lender's stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any 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. 1g' [ om I>kaed of Trod; r IAw. Severab#l)ty. This farm of deed of trust combines uniform covenants for national use and non uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Deed of Trust shall he governed by time law of the jurisdiction in which tyre Property is located, In the event that any provision or clause of this Deed 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 he severable. 14. •s CM. Borrower shall be furnished a conformed copy of the 'Vote and of this Deed of Trust at the time (if execution or after recordation hereof. 17. T of toe P►openy; Anumption. If all or any liar, of the Proprrty or an interest therein i4 sold or transferred by Borrower withoiit I. 's prior written consent, excluding (a) the creation of a licit tir encumbrance subordinate to this feed of Trust, (b) tfic creation of a purchase money security interest for household appliances, (c) a transfer by devise. des ient or by ulaeratsiyra of dew upoaa he death of a joint tenant car (d) the grant of any leasehold interest of three years or less nt't containing an option to purchase, I..ender may, at Lender's caption, de0atc Ali the sums secured by this Deed of Trust to be immcdiatciy duc and MIC W the sale or transfer. €�ayablc. Lender shall fiavr uaivrd such captiitn to accrfrratc if, and the person to whrym the f rc >tvrty is to br sold or transferted reach agreement in writing that the credit of ,Uch [Wo-somrs satisfactory to Leader and that the interest payable ore the sums secured by this Deed of Trust shall he at Ouch rate as Iendcr Shall teWcst. If I . has waived the option to accelerate provided in this ar L graph 1 I and if Borrower's successor era interest has t .. -toed a writtert A urtigticm Agreement Accepted in writing by I cider, Lender, ,hall reica%e Iisniowet from all he `sdtste. otaligatatyns unmet this Lkrt1 of Trust and if I,cn&f MrVism such option to crlerate, Lender .shall niail iklra)wcr nuta;e of aacclerwion in as —dance with imragraph 14 hereof. Sui.h ic;c s provide a period of not less than 3o days front the elate the tlottc c is ,nailed within which Wwtower may sh" y• 1?ay the sea rPS declared _ If ftowrer falls to pry such sums prior to the expiration of st.as:h Lori«!. t ender oily, without r furth im-oke y` er notar gar demand on Borrower, Permitted by paragraph 18 hereof. s: