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<br />9.- Condemnation. `a he proceeds of any award ar claim far damages. direct or cansegtaentiat, in connection with any
<br />condemnation ar othet• taking of the Property, a: part thereof, ar far conveyance in lieu of condemuation, are hereby assigner]
<br />and shall' be paird- to Lender.
<br />Its the event of a total taking of the Property, the proceeds shall he agpt'red to the sums secured by this Deed of Trust,
<br />with the excess, if an]i, paid ta' Borrower. Ie~1 Lilo event of a partial taking of t-1e I'raperty, unless Borrower and Lender
<br />aiherwise-agree in writing, there shall be app-ied to the sums secured by this l]eed of Trust such proportion of ibe proceeds
<br />as is equal to that proportion Wltell the amount of the sums secured by this Deed of Trust immediately prior to the date of
<br />taking bears to Lilo fair'rriarket value of the Property immediately prior to the date of taking, with the Isalance of the proceeds
<br />paid to Borrower:
<br />df the f'raperty is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemrar offers to make
<br />an award or settle 'a c-aim for damages; Borrower faits to respond to Lender within 30 days after the dace such notice is
<br />mailed. i.ender is authorized to collect and apply the proceeds, ad Lender's option, either to restoration or repair of the-
<br />Prc~x,-tL• or to thesunss secured by dais heed of Trust.
<br />iJn'ess Lender attd Borrower otltertvise agree. in writing, any such application of proceeds to principal shalt not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs l and 2 hereof or change the amount of
<br />such installments.
<br />I0. Borrower Nirt$eieased. Extension of the time far payment or madificatian of amortiTation of the sums secured
<br />by this Deed of Trilst granted isy Lender to any suecessar in interest of $arrewer shalt not. operate to release; in any manner,
<br />the liability of the original Borrower and 8arrawer's successors -n interest. Lander sha-- not he required to commence
<br />praeeedings against.. such successor or refuse to extend time for payment ar otherwise modify antort-zat-on of the sums
<br />secured by this Lteed of 'Trust by reason of any demand made by the or-gi.*Ial Borrower and Borrower's successors in 'Interest.
<br />T: t. Forbeaaance by Lender Not a Waiver. Any forbearance by Lender in exercising any right oe remedy hereunder, or
<br />otherwise afforded Isy applicable taw, shall; not be a waiver of ar preclude the exercise of any such right or remedy.
<br />The procurement of insurance ar the payment of taxes or other Liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of Lilo indebtedness secured by this Deed of Trust.
<br />E2. ttemedres Garmula8ve, Att remedies provided in this Deed of Trtrst are distinct and cumulative to any other right
<br />ar remedy under t~1is Deed of Trust ar afl'orded by law or equity, and tray be exercised concurrently, independently or
<br />successively.
<br />i3, Successors and Assigns Bound; 3oint and Several Liability; C"options. The covenants and agreements herein
<br />contained shalt bind, and the rights hereunder shalt inure ta, t-re respective successors and assigns of Lender and Borrower.
<br />subject to the 'provisions of paragraph l7 hereof.. All covenants and agreements of Borrower shall eta joint and several.
<br />The captions and heaclfngs of the paragraphs of this Deed of Trust arc for convenience only and are nest to be used to
<br />interpret or delCtrne the provisions hereof.
<br />I4, Plotce, Except for any notice required under app--cable law to be given in another manner-, (a) any notice to
<br />Horrower provided for in this. I?eed of Trust shall be given by mailing such notice tIy certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower Wray cesignate by notice. to Lender as provided herein, and
<br />(fs) any notice to Lender shalt he given by certified wait, return receipt requested, to tinder's address stated herein ar to
<br />such other address as Lender may designate by notice to Horrawer as provided herein. Any notice provided far -n this
<br />laced of Trust shall be deemed to have been given to Harrower t>r Lender when given -n the manner designated herein.
<br />15. ><Iniftsrrn decd ref Trust; Governing Law; Severability. phis form of deed of trust combines uniform covenants for
<br />national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument
<br />covering real property. This Deed of Trust shall be governed by the taw of` the jurisdiction. -rt which the Property is located.
<br />In the event that any pravisian ar clause of this Deed of `trust c.r the Nate caniiicts with app--cabte law, such conflict shalt
<br />not affect. ocher provisions of this reed of 't`rust ar the Note which can be given efTect without the can[-icting provision.
<br />and to this end the provisions af' the Deed of Trust and the Note are declared to lse severable.
<br />l6. Borrcawer's.C,opy. Borrower shall be furnished a conformed copy of rite Note and of this Decd of l"rust at the. time
<br />of execution or after recordation hereof.
<br />T7. 'transfer of the Property; Assunagtion. if al'I cIr any ,part of the Property ar an interest therein is sold ar transferred
<br />i1y Aorrawer without I'..ender's prior written consent, excluding ta) the creation of a lien or encumbrance subordinate is
<br />ttais l}eed of Trust, (by the creation of a purchase nti'aney security interest for hausalao-d appliances, ; c j a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant ar (ci) the grant of any leaseho-d interest crt three }'ears or lets
<br />not containing an option to purchase, Lender m 1', at L.ender's option, declare ail the sums secured hp' this Deed of '7"rust. to rte
<br />immediately dtte and payable. Lender shal- have waived such option to accelerate if, prior to the sate or transfer, lender
<br />and the person to whom the Aroperty is to be sold or transferred reach agreement ir1 writing that the credit of such persort
<br />is satisfactory to Lender and that the interest payable alt the: sums secured by this Deed of '["rust shall be at such rate as
<br />Lender shall request. if Lender has waived the crptican tc> accelerate prov-ded in this paragraph 17, and if' Horrower's successor
<br />in interest has executed a written assumption agreement accepted in writing b'y Lender, Lender shalt release Harrower front
<br />all obligations !under this i7eed of Trust and the Note.
<br />Tf:Lender exere@ses sueit option to accelerate, Lender shalt rttaif Harrower notice of acceleration in accordance with
<br />paragraphl~ hereof. Such native shalt provide at period of not less than ~0 days tram the date the eat-ce is mat-ed within
<br />which Barrawer may pay the sums doe-ared due. ff Barrawer fails to pa} such sums prior to the cxpiratian of such periaci,
<br />Lender may, without further notice or demand on Barrawer, invoke any remedies permitted isy paragraph 1 K hereof.
<br />Note-Ltvtt~outt.~1 Covclvxrv7's. Borrower and Leader further covenant and agree as follows.
<br />l8, Acceleration; Remedies. P:xcegt as provided in paragraph 17 hereof, upon Borrower's breach of auy covenant or
<br />agreement of I3rlrrnwar in thin T)Qett nF 'I'nert; inctucling the covenants to nay when due an_v sums secured by this lleed
<br />of Trust, tender prior to acceleration shall mail. notice to $orrower as provided in paragraph T4 hereof specifying: (T} the
<br />tsreach; (Z} the action arequisred to cure suvh breach; (3) a date, not less dhoti 30 days franc the date the notice fs mailed to
<br />Borrower, lay ovhich such breach must. tae cured; and (4) that failure tea -cure such breach on or before the. date specified
<br />in Che native. Wray. result in acveieratfon of Liao: sums satcured try this Deed of Trust and sale of the Properly. The notice
<br />shall further inform B6orrower of the right to reinstate after avveleratian and the right to bring. a court action to assert
<br />the nori-existenvrt of a defaault or any other defense of Htorrrawer to aeeeleratson and sale. if the tareach is not cured
<br />nn err iaefore the date specified eta the. notice, Tender at Lender's option may declare all of the sums secured by this deed
<br />of d'rustScr lac immediately dare and payable without further demand and may invoke Liao power of sale. and. any ottaer remedies
<br />permitted by ailplic~able law, Lender`shail tae entiNed to collect ail reasonable costs a.nd .expenses incyrred in .pursuing .the
<br />rernzdies provided in this garagrap6 1$, including,-but neat iiimfted to, a•easonrr6te atdorney's fees.
<br />If Lilo p~araer cIi' s.,le @s in3uked, Trustee sha$T record a notice oaf default in each County in which the Property der spree
<br />:part 9hereuf I, -o.atcd :3rEd shalt mail copies of saach,notice "sn the manner prescribed lay applieabie law to Borrower and to the
<br />ottacr persons p;rtscriixd br appticabtc 8atis. ~4.fter the apseofsuvh timeas may Ise required by-agplicatble law, Trustee shall
<br />give gui;iic notice rrf zaa3c to tiro portions and in tBte.manrser prescribed isy atsgficafsle law. iaustee; without deuaaud asn
<br />Apr .._. .;.alt 6~..II re1V x*. ~.,,,,ro,..,t „S,i ..,; t~.th~ C, +utensr h:rtrlor sst theainip and ntgrF ?nrl. ender Liao ar~rm~ designated
<br />/n till nil tl£C 13f ~atC YI7 ilnC L~r r511DrC 3f ii l-~ 'd ElOi •fn SIIVh order aS TrnStee may dt'.terrrYane. 't a!ar5tei'. may pOStpoaae Sal@ of all
<br />or any parcel 4f the 'P~roper€} tlr f+u;3iir ;Ialluluncesuert? at ftxe timeand place of any previcausly scheduled sale, Lenderar
<br />€.ender"s designee clay ¢tn~chase Ltav Yruptrty ~a5 a.ay sssle:
<br />~,'pa3n re;elgt ea. pa~IS3eiIr pi t3ie prise ~Iid, t ~Iestee shalt de4ive~r to thin paarchaser'S`rusfee"s deed vcanveyin;; rue Pragerty
<br />sr,Irl. TEIC reci4afs ir1 t-ae 'yr~u,tee't; ,icz~~ s. a!1 be {~ei:u:~ daeic c sEi9c;:ce ref tare truth of the statements resade therein, 'T'rustee
<br />s~ati apsp,y shy ; socl•eds ttf tbµ ;age s"n tee frs9trru~ If .;rd f: ~;rp tip ~i ias:tsla;~iw rcn5ls ared exproses of t#te~sa~, anvtudinf;, but
<br />no ainliteu ic.'trc~~tsv ~., Secs a,d elrlr more tfl;irt ~_ - r- e~c tai ~rc~s calcprice, reasr~laabteattorney'r,.feesand e+5+stsc3'€
<br />tstle e,'icfeart, ftr) ;u .Ill slfrr/s sl~cura~i: ixti t41i4s)erc~ i;s "x rn4,. ;:;r; a a d'rge e~. _ ;, ut 2I;;;, to the rc:;orc or geesoats ~ey.Ill} r'rlti?iE s-
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