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by this Deed of Trust immediately 5- ., - y prior to the date of taking bears to the (air 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 Lender to Borrower that the condemnor offers to make an award or settle a 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 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. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal date of the month) installments referred to in P P pal shall not extend or postpone the due y paragraphs 1 and 2 hereof or change the amount of such installments. 10. Borrower Not Released. 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 Payment ar otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest. IL FOrbearamby Leader Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded 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 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 Deed of Trust. 12. Ceteaktfve. 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. 13. and Bowed, Joint land Several IAabiBtyi Captions. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of tinder 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 he used to interpret or define the provisions hereof. 14. Notice. 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 Lender shall be given by certified mail, return receipt requested, to Lender's address 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 Horn.uer or Lender when given in the manner designated herein. IS. UnIferm Deed of Trust; Governing Law; Severablilly. This form of steed of trust combines uniform covenants for national use and non- uniform covenants with limited variations by jurisdiction to constitute a uniform .security instrument covering rest property. This Deed of Trust shall be Note cud ct the law p the jurisdiction in which the 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 rot affect other provisions of this [-Axd 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 o e severable. 16- 13ation er Copy. Borrower shall he furnished a conformed copy of the Note and of this Deed of Trust at the time of execution or after recordation hereof. 17. rra"ifer of 110e Property: Assumption, if all or am Part of the Property or an interest therein is sold or transferred by Borrower without Lender's prior written consent, excluding (a) the creation of a tier. or encumbrance subordinate to this a purchase money security interest for household appliances. tc) a transfer hs devise, descent or by operation of lawiupon tthe death of creation joint tenant or (d) the grant of any leasehold interest of three scars or less not contanung an option to purchase, Lender ntay, dt Lender'% option, declare all the sums secured by this Deed of Trust to he immediately due and pavablr. Lender shalt have warvrd uch option in accelerate if, pry ±r to the salt or transfer. Lender and the person to whom the Property is to hr sold or transferred reach agreement m venting that c e accelerate of •.twh person is satisfactory to Lender and that the interest payable on [tic urns secured by this Deed of -Dust .hail hr at such rate a thc,:rr ahaif request. If Lender has waived the option to accelerate provided :n this Paragraph 17, and if Borrower's successor in interest hats -cured a written assumption agreement accepted in writing by Lender. Lender shall release itornwrr from .oil nbhgauons tender this feed of )Yost and the Note. if Lender exercises such option to acu;derate, f coder shall mad Borrower notice of 1c eieratlou in accordance with paragraph 14 hereof. Such nonce shall provide a period of not less than 30 days from the date the notice is marled within which Borrower [nay pay the Hums declared due. If Borrower fails to pay such sums prior to the expiration ,.+f such period. I -endrt :;lay, without turlh :re„ke 4- remedies, permitted by paragraph Ih hercot. rr nonce + +r demand on Borrower, gi