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<br />83-001446
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<br />9. Condemnation. The proceeds of any award or c:laim for damages. direct or consequential, in connection wit~ any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In lhe event of a lotallaking of the Properly, the proceeds shall be applied to the sums secured by Ihis Deed of Trust,
<br />with the excess, if any. paid to Borrower. In the event of a panial taking of the Property, unless Borrower and Lender
<br />olherwise agree in writing, Ihere shall be applied to the sums secured by this Deed of Trust such proportion of the proceeds
<br />as is equal 10 thaI proportion which the amount of the sums secured by Ihis Deed of Trust immediately prior 10 the date of
<br />taking bears 10 Ihe fair market value of the Property immediately prior to the date of taking, wilh the balance of the proceeds
<br />paid 10 Borrower,
<br />If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor offers 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 Ihe 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 date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments,
<br />10. Borrower Not Released.. 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 shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherv.'lsc modify amortization of the sums
<br />secured by this Deed of Trust by reason of any demand made by [he original Borrower and Borrower's successors in interest.
<br />II. Forbearance by Lender Not a Waiver. Any forbearance by Lender In exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy,
<br />The procurement of insurance or the paymem of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured hy this Deed of Trust.
<br />IZ. Remedies Cumulative. All remedies provided in this Deed of Tmst are distinct and cumulative to any other right
<br />or remedy under this Deed of Trust or afforded by law or e~uity. and may he exercised concurrently. independently or
<br />successively. .
<br />13. Successors and Assigns Bound; Joint and ~veral Liability; Captions. The covenants and agreements herem
<br />contained shall bind. and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof All Cllvenams and agreements o.f Borrower ~hall he joint and several.
<br />The captions and headings of the paragraphs of this Deed of Trust are for convenience only and are not to he used to
<br />interpret or define the provisions hereof.
<br />14. Notice:. Except for any notice required under applicable law !o he givcn 10 another manner, (a) any notice to
<br />Borrower provided for in this Deed of Trust shall he given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate hy notice to Lender as pro\'idcd herein, and
<br />(b) any notice to Lender shall be given hy certified mail. return receipt requested. to Lender's address stated herein or to
<br />such other add~s as Lender may designate hy notice W Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated hereln.
<br />15. Uniform Defli of TnJS'; Governinc I.aw; Severability. ThiS form of deed of trllst combines uniform covenants for
<br />national use and non.uniform covenants with limited variations hy Jurisdiction 10 (:onstitute a uniform security instrument
<br />covering real property. This ~ of Trust sh~1I he go\'erned hy the law of the jurisdic,tion in ~hich the Property is located.
<br />In the event that any prOViSiOt1i 'l~!lse of thiS Deed of Trust or the Note contlicts with ;lpphcable law, such, conflict shall
<br />not affect other provisions...aL met! of Trust or the Note ""hu:h can he gIven etfeet Without the conflictmg prOVision.
<br />alld to this end the provistblll 'the Deed of Trust and the Note arc ueclar~d to he severable.
<br />16. Bonowertt~~'WoiTower shall be furnished a conformed t.':opy oi the Note and of this Deed of Trust al the time
<br />of execulion or a!fet recordalion hereof.
<br />17. Traasfer of the Property; Assumption. If all tH' any part of the Prt')pert)-: or an interest therein is sold or transferred
<br />oy Borrower without Lender's prior written consent. excluding (a) the creatIOn of a lien or encumbrance subordinale t(l
<br />this Deed of Trust. (b) the creation of a purchase money security interest for household appliances. (c l a transfer hy devise,
<br />descent or by operation of law upon the death of a Ji.lint tenant or (t.l) rhe gram 01 any leasehold interest of three years or less
<br />not containing an option to purchase. Lender may, at Lender's option. declare all the sums secured by this Deed of Trust to be
<br />immediately due and payable. lender shall have waived such option h.'l act..-elerate if. prior to (he sale or transfer. Lender
<br />and tbe person to whom,the Propert)' is 10 be sold or transferred rcach agreemc-m in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums s.cx:ured by this Deed of Trust shall be at such rate as
<br />Lender sball request. If Lender has waived the option t(l ;u..'Ce!eratc provided in this paragraph 17, and if Borrower's successor
<br />in interest has executed a written assumption agreement accepted 10 wnting hy l.ender, Lender shall release Borrower from
<br />all obligations under this Deed of Trust and Ihe Note.
<br />If Lender exercises such option to accelerate. Lender ,:,hal1 mail R<lrrower notice of acceleration in accordance with
<br />paragraph 14 hereof'. Such notice shall provide .a pei'i",Jd of not less than 30 days trom the date the notice is mailed wIthin
<br />which Borrower may pay the sums declared due. If Borrower f~uls 10 pay such sums prior to the expiration of such period,
<br />Lender may. without further notice or demand on Borrower. invoke any remedies permitted by paragraph '8 hereof.
<br />NON.l)NlfORM COVENANTS. Borrower and Lender further t;(Wenant and agree as follows:
<br />18. A<<elel'lltioa; Rt>medla. Except as proYidod in _""'" 17 heftof. upoo Bo....wer's brueb of any covemml or
<br />lIC__t of Bo....wer in Ibis Deed 01' T...... indodilll Iht> cov_ 10 pay ......n due any sums st'Cund by this Deed
<br />of Trust. Leader prior 10 acceleration shall mail notice 10 Borrower as provided In ............ 14 ....reof specifyllll: (I) Ihe
<br />bruclo; ll) tlae IK1ioa required 10 cure sucb breacb; 131 a dale, not less t""o 36 days from t.... dale Ihe notice is mailed 10
<br />Bono"n'. by whicb sueb breIICh m.... be cund; and 14) I""t Iailure to cure sIKb breach on or belore tht> dale specified
<br />In tbe notice may ........ in accelel'lltion 01 tlae su_ secured by Ibis need of Trust and sale of tb. Property. Th. nolice
<br />.1uIIl furtbn inform Borrown' of I.... ri&bt to ..........It> aftt>r IK'ceIeration and I.... ri&bt to briDa a <'Ourt action 10 assert
<br />tbe _ldstenc:e uf a default or any other def_ of Bonowt>' 10 IICceleration and sale, If Ihe brellCb is nol cured
<br />on or before lbe date specified in 1M notice. l.e...... al l.eader'. option may dedare aD of !be sums secuftd by Ibis need
<br />of Truotto be i.......wdy due ...d payable ..it....... fortloff demand and may invoke t.... power of sale and any other remedies
<br />pennitted by applicable law, Leader sbaII be t>nlitled 10 coiled all ............ costs and expenses incurftd in pursuillll the
<br />remedios provided in Ibis ,........,.. 18. ~. but not limited to. ~ullle attorney'. fea.
<br />If the po_ of .. is invoked. T.-ee sbaII reconI a notke 01 default iD eadl counly in which lbe Property or somt>
<br />part thereof is located ami shall mail copies of such notice in tile ......ner pl'l"SCribed by applkallle law 10 Borrower and 10 I....
<br />otloK peneas pracribed by appIiaoIIIe ..... Aftn' lhe"'" of such litM as may be reqaired by applkable "w, Trustee sIuoIl
<br />&lve poobIk notice of .. 10 the peneas _ in lbe malODer preocribed by applicabl. Ia.., Trustee. ..ilhoul dl"mand on
<br />.............. shall sell the Propnty al ptIbIIc a""lion 10 tbe hllkest bidder al lbe time and place and undl"r lbe lerms dosla_ed
<br />in Ibe _lee of _ iD _ or ~ parcds _ iD such order as Truae.. may determiae. Trustee may postpone sale of u11
<br />.... ..y ........ of tile Pn>pa1y by ptoIltic ..__ at the lime and place of any pre.iously scheduled sale, J,eader or
<br />Le....... desipee may p~ the Property aI ..y sale.
<br />Upotl ftftipt of ,.y_ of tlae pritt bioi, Trustee shall deliver to I.... puKh_r Trust..,'. deed connyllll Ih. Property
<br />soW. TIle redtak in lbe T_'5 deed shall be priMa facie nidt>Me of lbe lrulh of lbe stal_nts macle therein, Trusl..,
<br />.....1IppIy tlIe proceeds of tile sale letbe follow.. onIer: la)lo all re....udJle coots and expe&RS of the sale. includilll. but
<br />_1IaailetI .... T.-ee's f..... of _ _ I.... ' 05 % 01 tile ....... sale price, <<aM>ullle ..Iorney's fees and <'Dots 01
<br />::-. evkIHee; 00 to aII_ ..."..... loy dIiI Deed of T......; ami Ie) !be ex...... if any. 10 Ihe pe....... or peno.. leaally enlitled
<br />19... 80n0wfl*tl..... to Reiastate.. Notwithstanding Lcnde:r'~ acceieration of the \-ums Sl."CUft.--d hy lhlS Dcc."-d of "l'ru-.t,
<br />Borrower I-haII h.ave the rithl 10 have any proceedings be8un by Lender to cnfun:e this Deed of Trust drscontlolled at
<br />~y ~une prior to the c~dier to occur of (I) the fifth day before the: sale of the Propt'nv pursuant It' the power of sale \.;oo'alOeu
<br />to lhll Deed of Tf'U$t Uf (u)entt)' of a jUdgment enforcing thi... Dc.ed 01' Trust If: {aJ 8()rrower pa)'s I.ender all sums whi\.':h wo\lld
<br />be then due umkr thiS Deed of' Tnt\t. the Nme .nd note1. ~uring Future Advances. It any. had n(l a(;("elerallOn o(.'currC'tL
<br />(h) Dorro,"" CUI'fto aU hreaches of any ,>>her t:o\'enanh or agr~menh of' R(..-n.:lwcr co"tai~ In thi!t. Deed pf 1'rti\l:
<br />(ct Iorn')Wfl payt .u re..~-abtc: e\pcnsn tncurR'd by Lcnder and Tru:!i.'c: In C'o~~lrclng the c,W('llaoh and aEtreemcn(~ t'(
<br />~ cun,t-4ined In lh... Deed of Trust and- In enh,r-t:mi LenUcr',; ;:100 l"ru'\tee', remed.t"s as. prOVIded If1 pi1ultraph 1 S
<br />hereof. tncludma., but: uol h.mted to, reMonable ~*'t<lfney'\ f~: and {ol Bon-ower tak('-s "iuch action a~ L("nder ma\ n'il'tl1lahh
<br />require to- ....,e that 1M hen .\-)f IhiJ. [kc.d of TtH~l. I.ender\. inlerC'!t.t In lhe Property ,H10 Fklrrn-w('t'" Hhh~Htlh,lf1 h~ p.n
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