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85- .UU456V
<br />by this Deed of Trust ien� 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 falls 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 L geder's option. rather to restoration or repair of the Property or to the sutras secured by this Deed of Trust.
<br />Lades Lender tied Borrower otherwise agree in wtiitiag, any such application of proceeds to principal shall not extend or postpone the due
<br />date of the mowWy isataBmaNs referred to in paragraphs I and 2 hereof or change the amount of such installments.
<br />ML Monsieur NO lkduied. Extension of the time for payment or modification of amortization of the stuns secured by this Deed of Trust
<br />graatsd by Lender to any swoaaor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and
<br />Bcstrowa's successors in fKeme. Lender shW not be required to continence proceedings against such successor or refuse to extend time for
<br />paymmit or odieswiu modify amortiza ion of the stems secured by this Deed of Trust by reason of any demand [trade by the original Borrower
<br />sad Borrower's successors is interest.
<br />11. Feabarawee by Leader NN a Waiver. Any forbearance by Lander 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 />tastes or ocher fia►s or charges by Lender shall trot be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this
<br />Deed of Trust.
<br />li. Odin COEMWee. All remedies provided in this Decd of Trust are distinct and cumulative to any other right or remedy under this
<br />Deed of Tea or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />13. Sauteasaas and Asst(gm Bawd; Jelw and Se a@ liability: C 0doNs. The covenants and agreements herein contained shall bind, and
<br />the rights hereunder slap imae to, the respective successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17
<br />hereof. AA covennts and agreements of Borrower shall be joint and several. The captions and headings of the
<br />paragraphs of this Deed of Trust
<br />are for convenience only and are test to be used to interpret or define the provisions hereof.
<br />td. '.Verse. 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 shag be given by mailing such notice by cetifed 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 Leader's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any
<br />rice provided for in this Deed of Trust shall be deemed to have been given to llorroaer or Lender when given in the manner desigrated herein.
<br />13. Uwffam Died d Trust; Gosaalwg law; Severabilk). This form of deed of trust combines uniform covenants for national use and
<br />turn- uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This lead of
<br />Tract shalt be governed by the law of the jurisdiction in which he 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 Lead of Trust and the ?Note are declared to be severable.
<br />16. Besrowor's Cap. Borrower shall be furnished a conformed copy of the Note and of this Lead of Trust at the time of execution or
<br />after recordation hereof.
<br />17. Traadsr of the PreParsy; Awnmpres. if all or any part of the Property or an interest therein is sold or transferred by Borrower
<br />without Lender's prim written consent. excluding (a) the creation of a iten or encumbrance subordinate to this feed of Trust, (b) the creation of
<br />a pinhase money security interest for household appliances, (c) a transfer by devise, descent or by operation of law upon the death of a joint
<br />teamt or (d) the grant of any lemabo(d Interest of three vean or less not containing an option to purchase. lender may, at I trader's apron,
<br />declare all the sums secured by this Dead of Trust to be immediately due and payable- Lender shall have waived such option to acccleratr if,
<br />prix to the safe or transfer. Lender and the pawn to whom the Property is to he sold or transferred reach agreement in writing that the credit of
<br />auc l% 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. ff Lender has waived the optimt io accelerate provided in this paragraph 1-. and if Borrower's successor in interest has csrculyd a
<br />wrulet assuntption agreement accepted in venting by Lender, lender shall release Borrower from all obligations under this teed of Trust and
<br />the %Cnc.
<br />If Leader exetcises such option to accelerate, fender shall mail Borrower notice od acceleration in accordance with paragraph 13 hereof.
<br />Such notice shall provide a period of not less than YJ days from the date the notice is mailed wnhm which Borrower may pay the sums declared
<br />Inc. If Bdmower faits to pay such sums prior to the expiration of such period, 1 ender :nay, without further notice or demand on Borrower.
<br />snvokc any remedies mnamittad by paragraph 18 hereof.
<br />IN ^- UNIKAM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />N. Acedaswraw; lhiwdtka. Et cW a IN Nkrf IN pragsntab 17 hereof, Open Borrower's breech of any eovenewt or apeemeat of
<br />iarswee N mk Died of Taus. Ndoill" the covewwne to pay wbw dw ANY seas seem by this Doted of Trot, Leahy prior to aecdo thm
<br />ohm no own M B N as Prevldd b P.aagr.Pb 14W gOdfyiOg: (1) the breach; (I) the odes required to cue welt breach; (3) ■
<br />ire, wie Ism aim. 3g dVa Iewm Ctrs date of wares k aaaikd a Berrarrer, by wbkb sweb besseh s»N be cured: and (11 that fdbNr ie core such
<br />braweh w ur hshse she rWr sgweYlsd N ate usYae map esasdt N NaMasres s f tie slurs secursd by this Dar of Trost and sae of the Property.
<br />The aeake sled teetksr fOI Derrewu of pia right to nimtwse after Kedualloo and the siW to bfwg a court acduw to iesa. the noN-
<br />a:dvlOaaa of a dvhek err srP Other Ialawsa d il..►.ow to aeedeadma ead age. If the breach is mass cored w or before she der specified hs sir
<br />Noitre, Lowder el Laude's purees airy daotbn d N dsr lams sso - by tW Died of Trust to be Immediately dw ad Payable withewl further
<br />iwrd Ind MW incite shat paw► of nark said a" ether rswnsdMs Permifsad by aMYeahk haw. Leader shOg be mudded so collect d rearoembk
<br />coast surd expanses blessed In POnwing Ibe rsmsdW poeMd N IW panRrePb Ill, Ncbtding. bat sot huYkd tie. rrsseeNle attersey's fns.
<br />N lies graver et wk k bvobsd, Triewr lied rscsrd s nerve ef hfook to each eoraay N which the Proparty or some parr tbaeof k located
<br />sad dud rod mom of aweb Guru N Ifs meatuses, peOCSihsd by aPfugarbk few to Borrower and to the either person IN ascrtbsd by applicable
<br />kw. Afwr dw Ixpie of seek ewe a mq be rgwbed by N/Mc"k low. Trtwsae shell give POMP Modce of ask to the perso m sad N the s u seer
<br />MOiealbd Of apitwW bur. Treviso. willow damgd as an nwsrsr, sing sea the Prgay at Pow s red, to the highest bkMw sr the dose
<br />surd Am m d wrier Ote Mew dnlpawd N Or Nader of sate N ewe or mere parses OW N such older as Trustee may deirimNe. 1'rmair me)
<br />psomet wk of all or my toad of On P aiparey by poW uONeuneeaawt W the due ed Ph" of soy ftregeurlr sebad.Ied ash. lewder or
<br />fast . 's omweva step P.ek.w Or rs"W ey err Nis ak.
<br />UPw nadp of paPmawl Of roes Pride bM. Tfestae sYd dar►sr to for perchieer I man's hat conveying the Property noW. Thr rtMak Is
<br />the TrwNtie'► dead dud be Pdma ksek a +Mnde of for trrtdt of the sloseueNk mmk tbi refs. Truster shag mWy the pecswds of the oak N Oo
<br />la"ift udar 1181110 d rswiewtlk diet surd rfapawra of r!s wk. NeNdiag. bet east Wessel to. To ustae's fees of am more the 3. rp
<br />W rho gnus Ulu pke, omn"Ak saereiey's low am roes of *k, eeierwre; tbf no on was New" in tW Iked of 'rrum; and eef the eareaa, if
<br />aatr. ie [tie parww ur pstaws Ypiy aWkbd tksssse.
<br />11, moo as Now N riWOw. Notwithstanding Lender'> aucctr!anon ill the %urns sceutcd t s this (erd of Trust, Kiiri+wer ,hall fu.c
<br />'he tight to havr any proceedings began by [wider w ertffitst thrs Decd 0! Truest dntainunued at arts time prier w the rdilect !n hit Lit oI !!t the
<br />fifth dairy Woes, the +oak Of the Prowq pursuant to the tfowes aide sale a.or!taared m :fiat Deed of '1'rast or !set onus rat a 3udgmria rnforesnp 0:1,
<br />rksef cf fie a sf: (a) OWTO" pays l.tnderc adi %core which would f+c then dmr +:nQrr !hl, J)"' J4,1 fr:nl, the S+;r :anJ nalc� +c.w!nK 1- ;r:rr
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