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<br />9. C.....II... The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or other taltilll of the Property, or part thereof, or for conveyance in lieu of condemnation, an: hereby assigned
<br />and shall be paid to 1..cDder.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust.
<br />with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />othefwise agree in writing, there shall be applied to the sums secured by this Deed of Trust sucll proportion of the proceeds
<br />as is oquaI to that proportion which the amount of the sums secured by Ihis Deed of Trust immediately prior to the date of
<br />takins bean to the fair market value of the Property immediately prior to the date of taking. with the balance of the pmcoeds
<br />paid to Borrower.
<br />If the Propcny is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemaor oten. to make
<br />an award or set1Ic a claim for damap, Borrower fails 10 respond to Lender within 30 days after the date such notice is
<br />maiIcId, Lender is authorized to cnllect and apply the proceeds, at Lender's option, either to restoration or repair of. the
<br />Property or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in wriling. any such application of proceeds to principal shalt not cMlImI
<br />or postpooe the due date of the montbly instalbmnts referred to in paragraphs I and 2 hereof or chance the amount of
<br />such inStaIImeDts.
<br />Ie. Bermwer Not R.... Extension of the time for payment or modification of amortization of the sums secured
<br />by this Deed of Trust granted by Lender to any successor in interest of Borrower sball not operate to rclease, in any manner,
<br />the liability of the original Borrower and Borrower's SUCcesllOrs in interest. Lender shall not be required to commence
<br />proceediallS apllSt sucll successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's llUCCCSSOl'S in interest.
<br />I I. ~ by Lnuier Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder. or
<br />othetwiso affonIed by applicable law. shall not be a waiver of or preclude the exercise of any sucll riJbt or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />rigbt to accdcrate the maturity of the indebtedness secured by this Deed of Trust.
<br />11. R~ C........ve. All remedies provided in this Deed of Trust are distinct and cumulative to any other right
<br />or remedy under this Deed of Trost or afforded by law or equity, and may be exercised concum:ntly, independently or
<br />successively.
<br />13. !Iu<<_. and AsiIips Bound; Joint and Sneral Uablllty; CaptioM. The covenants and agreements herein
<br />contAiAcd shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower.
<br />subject to till: provisioDs of paragraph 17 hereof. All covenants and ~greements of Borrower shall be joint and several.
<br />The captiom and headings of the paragraphs of Ihis Deed of Trust Me for convenience only and are not to be used to
<br />intcrpnc or detne the provisions hereof.
<br />14.. Ne*e. Except for any notice required under applicable law to be given in another manner. (a) any notice to
<br />Borrow<< provided for m this Deed of Trust shall be given by mailing such notice by certified mail addressed to Borrower at
<br />'he Propcny Addras or at such other address as Borrower may designate by notice to Lender as provided herein. and
<br />(b) any notice to Lender shall be given by certified mail. return receipt requested. to Lender's address stated herein or to
<br />____ ___~~b !ld1!:r_~~ _~ maI desi~te by notice to Borrower as provided herein. Any notice provided for in tbis
<br />Deed of Trust sIWl be aecmca-fo liilveheen'j!ventOBOrrowtirc,-r-Lenoer when give-lliTrtlle ....ulllcr-designated-kereilr.----.--.
<br />15. u...... Deed of Tmst; G....,ol.. Law: Snenllltlty. This form of deed of trust combines uniform covenants for
<br />nati<mal use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument
<br />coverin& real property. This Deed of Trust shall be governed by Ihe Jaw of the jurisdiction in which the Property is located.
<br />In the event tbat any provision or clalllC of this need of Trust or the Note conflicts with applicable law. such conflict sbaH
<br />not decl otMr.provisioIM of this Deed of Trust or the Note which can be given effect without the conflicting provision.
<br />and to this emf the provisioas of the Deed 01 Trust and the Note are declared 10 he severable.
<br />16. .."....... c.,y. Berrower shall be furnished a conformed copy of thc Note and of this Deed of Trust al the time
<br />of cxc:cuUon or after ~ 1Iwvof.
<br />17. 1'nMftr of die I'nlpaty; A-..-. If all or any par: of the Property or an interest therein is sold or transferred
<br />by Borrow<< without Lender's prior written consent. excluding I a) the creation of a lien or encumbrance subordinate to
<br />this Deed of Trust, (b) the creation of a purchase money security inlerest for household appliances, (c) a transfer by devise.
<br />descent or by operation of law upon the death of a joint tenant or (d) lhe grant of any leasehold interest of three years or less
<br />not cootainilll an option to purchase. I.ender may. at Lender', oplion. declare all the sums secured by this Deed of TrusI to be
<br />immediately due and payable. l.ender shall have waived su,b oplion to accelerate if. prior to lhe sale or transfer. l.ender
<br />and the person to whom Jhe Property is 1(. he sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to I.ender and lhat the interest payablc on [he sums secured hy this Deed of Trust shall be at such rale as
<br />Lender shall request, lf Lender hu waived lhe option to accelerate provided in Ihis pllraj,lraph J 7. and if Borrower's successor
<br />in interest has exccUled a written assumption agreement accepted in writing hy Lender, Lender shall release Borrower from
<br />all obliptions under this Deed of TrusI and the Note.
<br />lf Lemler eJllerci_ sl:ch option to accelerate. Lender ,hall ,nail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall provide a period of not less than ~o days from the date the notice is mailed within
<br />which Iiorrower may pay lhe sums declared due. If Borrower fails to pay such sums prior TO lhe expiration of such perind.
<br />Lender may, without further notice or demand on Borro....er. invoke any remedics permitted hy paragraph 18 hereof,
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<br />NON.UNII'OftM COVENANTS. Borro....er and Lender lurthcr covenant and agrce as loUows:
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<br />II. Aeuhnl1ialll Remedies. Es"" lIS provided ill panl1t... 17 hcnof, lIfIOIIlIomnrer's Iln8cIl of uy ce\'CR8ld 01'
<br />lIIflIl..al of .......... ill IhIs Deed of l'rust, ilIdudina lhe covemmls to pay wIIcn due ..y _ RC:1lftCI Ity IhIs Deed
<br />of l'rust.. IAmIer prier I. ~.... mall notice 10 Bone....... as pro..1ded ill panIII1Iph 14 hcnof ipedfyiaa: (I) the
<br />IIn.llcIIc (2) dle ... ...... te Clift _h tmadI; (3) II dete. not Ie. IIIu Jt dllys frotR the dete the tHItke is lllIIiIed te
<br />........... by wIilkII sudI IImIdI llllIIlt lie cumI; lIlltI (4) IhaI fllilere 10 Clift _II Iln8ch 011 01' llefere die dete spedIed
<br />ill the tHItke me,. __ ill aeeeleratiOll of tile _ weun4 hy this l>eed of Trust and ... of IIIe Propedy. The tHItke
<br />.... ..... Iafenn Berm_r of the ..... 10 reIIlRate after lK'et'leradon lIlltI IIIe ..... 10 IniRc a cOlllt lIlctioft to -n
<br />die _....... of . defaelt 01' ..yother der- of Borro...er 10 lK'c:eIenIdon lIlltI.... If IIIe tmadI is not cllftCl
<br />MIl 01' W- the ... tpedhd In the llOlke, bmler at bode,'s option may "'dare all of lhe ""_ O<<lIm by this Deed
<br />of Trust 10 he imm ....., due and payalrle ...Idtout further demallII and may Ill....." .1Ie power of ...lIlltI ..y oIher remedies
<br />pIIftIIiiaIMI " ...lIc..... law, 1AmIer... lie entitled to coiled all r~ costs and eIIpe_ im:lIf'mI In PUmrin& the
<br />........ JIfO\'Wed i1111li1 ......... .8, iMhttIiIII, !nit not HmIte4l to, reMlIa.llI~ attonIey's fees.
<br />If the ...- of ... is iII..oked, TrtIlI1ce ... m:onI a notice of defllltlt in eadl COIlat)' in ..Ilk.. the Propedy or _
<br />pad tMnof is IeetI1ed and ... mall cepieIl of _It llOlke in IIIe _r pnserHlcd by lIJIIIIicalrle law to Bono_ and to tIte
<br />..........- .._..... by ..pIc"" law. Arm tile IapR or well time .. may lie mtulietl hy llpIIlkalrle law. TI'tIlItft ....
<br />.. ,... ...... of ... 10 dae ..- lIlltI in the _ pnserihed by ""kalrle law. TI'tIlItft, widtout demallII un
<br />......... iiiIIIIId dle""""""lIt puIIfIe ___ 10 tile hiallett hkItk,lIt tile IMe ... pIlKC' and umler tIte lemg '_MIfft
<br />l1li die ...... of .. ill _ or _ panels and ill welt or4er .. TrtIlI1ce IItIlY cktermlne. TI'lIIifte =l..~ ... of l1li
<br />.. 8llf pancf of dle ........., by puIIfIe IIIIIUIIIJl_ot III lhe lime lIlltI pIlKC' of 8llf IIrn-lnnsIY!le. .... IMtder 01'
<br />......... ........ me,. pIII'dIMe die .....,.., lit 8llf ....
<br />t/JlOll AftIittt" par__ of the priee hw, l'rtIlI1ce .... delinr 10 tlIe pnnhtner TnIlIfee'fi deed l.'Oll....yiq die Propedv
<br />..... .. ~ ill dle TrtIlI1ce'. deed shull bcr ...-.- fade .,..ldenee of IIIe lruth u' the ~Rt:II IItlIIte dlem.. TntIItH
<br />... ...." dle ..... of dle .. in dae ~ enter: till 10 l1li n-"le costs lIlltI U)JI!MU or the .... lneIntIlntl. hut
<br />_1ItiiitIit... ~'1I feu.. not _ ..... .,. .... tlIe .-'" .......~, ~ attomey's '"" lIlltI ('tms of
<br />die ~ ~ _l1li_ ---' by *" Deed of l'msf:lIlltI tel the uc-.If MY. 10 tlIe pefMft or ..- kpII" mdllecl
<br />........
<br />a" ~8"._~, Not""h'~tandins Lent!.:" accele,ation of tbe ,urn. """Ired oy lh" [llled of Tn"..
<br />L "'.--r ~ 1Ia.. the. f~t to have any !'Toe_dinS" ""tIun hy I.('nder 10 enlmt'e this [>eeQ "f T,uo. ..hM'OnllllUOO at
<br />d' t_ PflM kllhe Nf~r t(, tx~tlr "f (I) tile fifth dill' heron: tile ..Ie ~.f tile Prop<\rw pummlllllo Ihe I'<,wer of ,,,le lontallwd
<br />'111 ~ ~ of TrIM! 01' (il) ootry <!h ,~nI c"f(lf~ml1lllu. Oec<.l of 1 '0.1 ,f 101 ilorrow1!!r ray, lender ".11 slim. whit'". wouhl
<br />I'!!III~ _ ul'l!.klf Ill", tm.l nf 1m"'. the "104" 000 "ot". "'~1I1l!lll future i\l.hane".. ,f "ny, h~d no "",dent inn ",:c'Ul'loo:
<br />111>1 Ihln_ .tI_ Ml bfg~hlls uf /MIl' otllllr n,venarrt. (If ~l1If"'em('tl," 01 h"Hower n>nlailwd on t"" [><<Oil ..r Tru~t;
<br />f~i "'f~ I"'I~ Ml fI'lI_,.bIe ull!lnse~ incu,r<<! hy I :c"tIe, ",ld:' '""I~ "' ,'nhm':II'lII 111<' UlVt'na"h amI "lI:rt'lrl1l~nt~ l.1
<br />It_r ~<.mt.~ tllllll~ I,~;J or .11",,1 alld '" enfnfl;lllll Lende., .nd t""lee' ..erne..h..", ph'VII!"" '" pMall:."ph I ~
<br />~,_IW~, bullW>f hm,tw tll. '1l1I_a,*, llth.l!'n<rv-' r~~., ilrn.l ~iJi R"',,'W~r ..kt" ",,'h nUII'n ~, I ""dcr ma, ..e " ",," ,,"h.
<br />~'~f1j tQ MWfiW .~t t~ 1"," of 11ltg r.~1 of rru~"_ f t;>f\tkr"~ infer'@~f In t~ Jll,pp.,-t\' ,md 1t\\f'f('Wrl '" t)hh~l\\ti<<'n Ip 1~i1\
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