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~4 ____ i- C~ 0 0 9 0 <br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any <br />cordemna!ien or oris.~ rn4:ng of the Propctty, or part thereof, or for conveyance in lieu of ~~•••+•••nnarion, err herthy assigned <br />and shalt rte paid to Lender. _ <br />In the event of a total taking of the Property, the procceds shall be applied to the sums secured 6y this Deed of Trust, <br />with the excess, if any, paid to Borrower, in the event of a penis! taking of the Property, unless Borrower and Lender <br />otherwise agree in writing, three shall be applied to the sums secured by this Deed of Trust such proportion of the proceeds <br />as is equal to that proportion which the amount of the sums secured by this Deed of Trust immediately prior to the date of <br />taking tzars to the fair market value of the Propetty immediately prim to the date of taking, with the balance of the proceeds <br />paid to Borrower. <br />If the Property is abandoned by Borrower, or if, afer notice by Lender to Borcower that the condemnor oBers to make <br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is <br />mailed, Lender is authorized to collect 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 writing, any such application of proceeds to principal shall not extend <br />or postpone the due elate of the monthly installments referred to in paragraphs t and 2 hereof or change the amounr.of <br />such inatailments. <br />IQ. Bornrwtr Not ilehttaed. Fxtension of the time for payment or modification of amortization of the sums secured <br />6y this Dced of Trust granted by Lender to any successor in interest of Borrower shall not operate to release; in any manner, <br />the liability of the original Borrower and $orrower's successors in interest. Lender shall not be required to commence <br />proceedings against such successor or refuse io extend time for payment or otherwise modify amortization of the.sufns <br />secured by this Deed of Tntst by reason of anp demand made by the original Borrower and Borrower's successors in interest. <br />ll. Fotheanrue 6y Louder Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or <br />otherwise afforded by appiica6le law, shalt not tx a waiver of or preclude the exercise of any-such right or retrtedy. <br />The procurement of insurance or the paymem of taxis or other liens or charges by Lender shalt not be a waiver of Lender's <br />right to accelerate the maturity of the indebtedness secured by this Dced of Trust. <br />l2. Remedies Cumnlativt. Aft remedies provided in [his Deed of Trust are distinct and cumulative to any other right <br />or remedy under this Dted of `True or afforded by law ar equity, and may be exercised concurrently, independently or <br />successively. <br />13. Succemtors aad Assigns Bound; Joint amt Severe! liability; Captions. The covenants and agreements herein <br />contained shalt bind, and the nghts hereunder shat! inure to, the respective successors and assigns of Lender and Borrower, <br />subjtct to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shat! be joint and several. <br />The captions and headings of the paragraphs of this Deed of Trust are for convenience only and are not to be used to <br />interpret ar define the provisions hereof. <br />f4. Notitt. Except for an}• notice rogmred under applicabte law «t hr given in another manner, (a) any notice to <br />Borrower provided for m this Deed of Trust shall be given by mailing such notice by certified mail addressed to Borrower at <br />the Property Address tar at such other address as Borrower may designate by notice to Lender as provided herein, and <br />ib) any notice to Lender shalt tx given by certified rnail, return receipt requested, to Lender's address stated herein or to <br />such other address as I.coder may designate by nonce to Borrower as provided herein. Any notice provided for in this <br />Ik-ed of Trust shat! be dexmed to have been given to Borrower ur Lender when given in the manner designated herein. <br />IS. Uniform Deed of Trost; Governing Isw; SeveraWlity. This Farm of deed of trust combines uniform covenants for <br />national use and non-uniform covenants with limited narrations by lunsdiction to constitute a uniform security instrument <br />severing real property. "This I')eexf of Trust shall be governed by the taw of the jurisdiction in which the Property is located. <br />in the event that any provision ar clause at this Deed of Teust or the Note contlicts with applicable taw, such con0ic[ shall <br />not affect ether provisions of this Detd of Trust ar the Note which can he given otter[ without the conflicting provision, <br />and to this end the pruvisio~ of the Deed of °I'rust and the Note are declared to be severable. <br />26. Borrower's Copy. Bormwtr shall 6e turmshed a amformrd ropy of the !store and of this Deed of Trust at the time <br />of execution or after recordation herrot. <br />17. Transfer of the Propedr; Aurumptwa. It alt nr env part of the Property nr an interest therein is sold er transferred <br />6y Harrower without Lender's pnor wnuen convent, excluding ta7 the crcauon of a lien or encumbrance subordinate to <br />this Dcesi of Trust, (D) the creation ai a purchase nxsnep ;cruelty intense for hausehald appliances, Ic) a transfer by devise. <br />deem ar by operation of law upon the death of a mint tenant or (d1 the grant of any leasehold interest e( three nears or toss <br />nM comaiaing an option to purchase, !.ender mar, at Lender's option, declare all the sums secured by this Teed -~' Trust to be <br />immediately dire and payable Yxnder shall have wan-ed such opuon to acctierate if, prior to the sale or trans cr, Lender <br />and the person to whom the Property is to t+e sold ar transferred reach ag:cement in writing that the credit at each person <br />is sa6sfactorv to tender and that the imerist payable no the emu secured hr' this Dced of Tntst shalt be at such rate as <br />lxnder shad coquet. I[ lender has warned ilte option to accelerate p.rovtded in this paragraph i?, and if Borrower's successor <br />m +merest has exruted a wntten assumptinn agrcct»ent accepted in writing by Lender, Lender shalt release Borrower from <br />alt obligations under this Devi cf Trust and the Nate. <br />}f Leader rxerc:isrs such option to accrltrate, i.rnder shah mat( Borrower notice of acceleration in accnrdanet with <br />paragraph 14 hercot. Such nonce shall prevtde n pcrtod at not less than 30 days from the date the notice is mailed within <br />which Burtawtr may pay [he sums dtclatrd due. if Harrower fade :a pay >uch sums pnor ro the expiration of such period, <br />ixmkr may. withaut further notice or demand en Borrower, invoke any remedies permitted by paragraph IS hereof. <br />Non-U trtYaa7M i.`(tvFNnNTS. Harrower and Lender hrrihet covettam and agree as follows: <br />Ig. Atec[tration: tltmedits. Except as provided in paragraph i7 hereof, upon Borrower's breach o[ any covenant or <br />agreement ad Borrower in ibb I?eed of Tntst, irxludiog the covenants to pay when due any sums secured 6y this Deed <br />of Ttnrst, I.tnder prior to acttkration stall ntaii Holier to Borrower ics prorided in paragraph 13 hereof specifyirrg: (I) the <br />breub: 12) tic action required to cure such breach; (3) a dart, r.W less than 30 days franc the date the notice is mailed to <br />Borrower. by wild shah ittach must bt cured; and 14) that failure to cure such brcacb as or before the date specified <br />ie the rmfice may tesuh in arcthrathtn of the wins secured by this Deed of 'Trust and salt of the Property, 1'he notice <br />still furrier inform Harrower of the right to reinstate after acmhration and the right to bring a court action to assert <br />the rwa-exkltnce of a default ur any Wher deltas of Borrower to acceleration and sate. if the breach is nW cured <br />on or before tfx daft sprci8ed in the notice, I.cndtr at !.ender ~ option may declare all of the sums secured by this Deed <br />of Trux! la be immediately due and payable withaut farther drmarrd and may invoke the power of sale and any Whcr remedies <br />permitted M appEktMe taw, Ixader shall be entailed fa collect alt reasonaWr costs and exprnses incurred in pursuing the <br />remedies provided is ibis paragraph Ig, includirg, bin met limited to, rrawtrabk atforaey s fees. <br />If tie power ref salt h invoked, Trustee stall record a nutlet .,f default in each county in which the Property or wa.t <br />part tbertof i, faceted sad shill rtraA copies of wch nutlet in the manner prescribed by applicable taw to Borrower and to the <br />Wtter pcrwas prcxriicd try applicable law, After the lapse o[ such time as may bt required by applkable law, Trustee shalt <br />piivt public: trotitx of sale to tic persons and in the meaner prescribed by applicabh law. Trwtee, without demand on <br />Barrawu, siaH seq the Property at pnftfk auction to the hgthest 6iddrr at the time and place and under the terms designated <br />is tht notfre of atilt is one or mutt ptucely amt in suc4 order as 7'ntstre may determice. Truster may postpone sale of all <br />iu say pared of tie Prapcrly by pubBt annuuncrutenf at the time and plate of any previously scheduled sale. I.tnder ur <br />Letrder`s dtsikptt may parcMasc tic Property at any salt. <br />Upob rttript of payment of tit prkt bid, Tessler shall deliver to tit purehascr Trustee's deed conveying tie Property <br />sold. 11re mitab fu tit Trustee's died sttaH 6t prima facie rvidtnce of the truth of the statements made therein. Trustee <br />tdraB trppf) tic proctsds of tit soh in the foUowitrg order. (a) to alt reasarable casts and expersses of the salt, including, but <br />not liurlMd to, Trustee`s Cees of not mute than _. L, ;,; _ '"~ of the gross sale prier, rrasoaaiir. aitorttey's lets and costs of <br />fkle eviAerpe; tb) to trt soots recnrrd by tits Decd of "('rust; and tc) the excess, if any, to the person or persons legally entiiltd <br />fYeeafp. <br />t9. 6area+ver's Rf6W m Rel~t>ur, Notx tihstaudinit Ltns#er's acceleration at ttre a,ms secured 6y this lyrrd of Trrst. <br />Borrower shall have the right. to have ear proceedings begun by I endu to enforce this [ked of Trust discommued at <br />any tittle pt+uf to the rarlttr to aeL-ur of t"+) rite fifth day heCoic the sale i,t the Prep. nq pursuant is the lvwtr of sale c:c+otamed <br />in fits Dttdat"Trust s>r (+i) entry of a jutlgntent cpforcing this Iked at ~TNSt tt: ia1 Borrc+wet pa}s I ender a!I aunts whi~~h waulil <br />he (#ren disc undue tits 1Rrd of Trust. the Nott sail rxztcs aecitr+ng Puturc .Advans°es_ „any. had nn accrieratioo recurred. <br />tb) Borrt~wer cures all hrea<ttts of any other cavenants or agreements at Borrower :entairxd or thn C}erd <~f Tnnt; <br />tcl Barrowtt pays at} recwnabie expenses irx:urrrd by !.ender and 7rusrrc =n cntixc;ng the s *venants and agreements i,! <br />HsrrrtWer 6iauairM,d in tells Dtrd of Trus! and in enforeirtg i ender x and Trustee _c rented tea a_ pn>v~ded m paragraph i rt <br />htrtsrf, i clixting„ lint Hsu Lntilad to, era :tttatik nuornty's teen, and fd} Borntwu ted:rs such a -ten as Lt nder arras e:+s„uat+lv <br />rtt)vtrt £rt aslant tttar tftt #ten of true f}twd rd ~l7ees[, F Nsdrt-_t itttertst n. the Pnrpttt} and Bc>rra,vcr3 shlrgau<xr tc, leas <br />