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by this Deed 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 pfd to Borrower. if the Property u; abandoned by grower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fortis to rcsPMW to Lender within 30 days after the date such notice is mailed, Lender is authorized to apply the proceeds, at Lender's option, either to restoration or repair of the Pr collect and t1 Lender soul Borrower otherwise opertY or to the sums secured by this Dad of Trust. agree in writing, any such application of proceeds to principal shall not extend or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments. I& Not ltdeauad. l,.itterisidat of the time for i WUW by L s payment or modification of amortization of the sums secured by this Deed of Trust i Y uaexso in interest of Borrower shall not o Bo rOwer's s Aerate to release, in any manner, the Lability of the original Borrower and successors in interest. Lender shall not be required to commence Payment or otherwise modify amortization of the sums secured by this Deed of r�by reason f any demand made by thetori anal time for seed Borrower's successors in interest. Y Bros) Borrower ll. Ferbpnrmoe h LaWer Note Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afford by law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the afforded taxes o' other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured ytthis of Dad of Trust. 12. R*UKA a Cusevi ttiva All remedies Provided in this Dad 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 13. Y ependently or successively. moors OW � end' JeW aim Seveiral IAa�h': CaPt�. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and 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 are for convenience only and are not to be used to interpret or define the provisions hereof. g paragraphs of this Died of Trust 11. Nom, Except for any notice required under a given this Deed of Trust shall be given by mailing such notice by certtiified mail a dressed t Bo ro era the Property Address or at such othtr� for in as mower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by certified mail, return redress requested. to Leader'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 Borrower or Lender when given in the manner designated herein. lS. UaiRed+ae port' ot Ter; Coveird� Law; Severability This form of deed of trust combines uniform covenants far national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Dad Trust be governed by the law of the jurisdiction in which the Pro of Trost or the Note conflicts with applicable law, such conflict shall not affect other provisions of this atDeed of Trust or the allote which � be of 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. 1�• ��'s Copy Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust at the time of execution or after recordation hereof. 17. Tniitster d►t the limey; Anampa". If all or an � without Lender's y part of the Property or an interest therein is sold or transferred by Borrower prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to this Deed of Trust, (b) the creation of a purchase money purity interest for household appliances, (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less not containing declare all the sums secured by this Deed of Trust to be immediately due and Payable. L option to Lender shall haveswaiveddsuch option to accelerate if, 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 such person is satisfactory to Lender and that the interest payable on the sums secured by his teed of Trust shall be at such rate as Lender shall request. if Lender has waived the Option to accelerate provided in this paragraph 17, and if Borrower's successor in interest has c%ocuted a written umption agreement accepted in writing by Lender, Lender shall release Borrower from all obligations under this Deed of Trust and :he Noe. It Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof. 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 If Borrower fails to pay such sums prior to the expiration of such period. Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph IS hereof.