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<br />9. Condemnatloa. The proceeds of any award or claim for damages, direct or consequential, in connection with' 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 l1Ie event of a total laking 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 />ol1lerwise agree in writing, there shall be applied to the sums secured by this Deed of Trusl such proportion of the proceeds
<br />as is equal to that proportion whicb the amount of tbe sums secured by this Deed of Trust immediately prior to l1Ie date of
<br />taking bears to the fair market value of tbe Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower,
<br />If l1Ie Property is abandoned by Borrower, or if, after nOlice by Lender to Borrower that the condemnor offers to make
<br />an awatd or settle a claim for damages, Borrower fails 10 respond to Lender within 30 days after the date such nOlice 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 wriling, any such application of proceeds 10 principal shall not extend
<br />0' postpone lhe due date of l1Ie l11{)nl1lly installments referred 10 in paragraphs I and 2 hereof or change the amount of
<br />such il1lltallments,
<br />10. Bonower Not RdeaIed.. 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 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 successors in interest,
<br />11. Forbelll'Jlll<:e 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 Ihe exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or olher liens or cha,ges by lender shall not be a waiver of Lender's
<br />right 10 accelerate Ihe maturity of the indebtedness secured by Ihis Deed of Trust.
<br />12. R..medies Cumulative, All remedies provided in this Deed of Trust are dislinct and cumulative to any other right
<br />or remedy under this Deed of Trust or afforded hy law or equity. and may be exercised concurrently, independently or
<br />successively,
<br />13. Successors and Assigos Bound: Joint and Sev.ra1 Liability: Captions, The covenants and agreements herein
<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 covenanls and agreemenls of Borrower shall 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 be used to
<br />inlerpret or define the provisions hereof.
<br />14. Notice. Except fot any notice reqmred under applicable Jaw to b~ given In 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 al
<br />the Property Address or at such other address as Borrower may deSignate by notice to Lender as provided herein, and
<br />(b) any notice 10 Lender shall be given hy certified mail, return receipt reque,ted, to Lender's address slated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein, Any notice provided for in this
<br />Deed of Trust shall be deemed to have been given 10 Borrower or Lender when gIven in the manner designated herein.
<br />15. Uniform Deed of T~ (;overRiD': Law; MvenbiUly" This iorm of deed of trust combines uniform covenants for
<br />national use and non-uniform covenants with limited variations hy jurisdiction to constitute a uniform security instrument
<br />covering real property. This Deed of Trust shall be governed hy Ihe law of Ihe Jurisdiclion III which the Properly is located.
<br />In the event that any provision or clause of this Deed of Trusl 0' the Note contlicls with "ppltcable law, such contlict shall
<br />not affect other provisions of this Deed of Trust or the Note which can he- given effect Without the conflicting provision.
<br />and to this end the provisions of the Deed of Trusl and Ihe NOle 'He declared to he severable.
<br />16. Borrower. Copy.- Borrower shall be furnished a conrormed C,lpy (~t the Note and of this Deed of Trust at the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property; Assumption. If all Of any part of the Property l'lr an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent. excluding (3) the t,;re:ltlon \."1f a lien or encumbrance subordinate tp
<br />this Deed of Trust. (b) the creation of a purchas.e mone~ sl~urilY interest for household appliances, te) :-1 transfer by devise,
<br />descent or by operation of law upon the death of a Joint tenant or (J) the grant of an)' leasehold interest of three years or less
<br />not containing an option to purchase. Lender may, 3t l.ender's option, Jedare all the sums secured by this Deed of Trust to be
<br />immediately due and payable, lender shall have waived such option to accelerate jf. prior to the sale or transfer. Lender
<br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the .sums secured by this Deed of Trusl shall be at such rate as
<br />Lender shall request. If lender has waived the option to accelerate pft.wided in this paragraph 17, and if Borrower's successor
<br />in interest has executed a written assumption agreement a;;cepled in writing hy Lender. lender shall release Borrower from
<br />all obliptions under this Deed of Trust and the Note,
<br />If Lender exercises. such option to accelerate. Lender s.hail mail BOffl)WCr nOlt1;;C of acceleration in accordance with
<br />pa~agraph 14 hereof. Such notice shall provide a perh.:xi ot n\.lt. kss than 30 days from !he date the ~t)ti~e is mailed wi~hin
<br />which Borrower may pA)' the sums declared due. If 8t.~rr\.)",er tails It) pH)" ~uch sums pnor 10 the eXplral10n of such -peflnd.
<br />lender may. wlthout further notk-e or demand on BOrf()WN, In\l'i..e any rernedies. permitted by paf'dgraph 18 hereof.
<br />NON-UNifORM CO\lENANlS. Borrower anti Lender fur1her ";O\'cnaOl and agl'tt 'is tollows:
<br />18. AC\''''''rallou; R._dies. Exc~pt "" pro.1ded in panl&raph 11 h~reof, upon Borrow~r's breacb of any co..nanl or
<br />.._menl of Bonow.. In Ibis Deed of Trusl, i..c1uding lhe <'Os......'" to pay when due .ny SUIOS .ecured by Ihls Deed
<br />of Trusl. I..ender prior to lICC\!leratlou .ball mail notice 10 Borrow.r lIS pros HIed in pIII"IlTllph 14 h.reof specifying: (1) tb.
<br />breac:h; (1) tb. action required to cure sucb breac:h: (3) . dal., uol I.... Ih.n 30 days from the date lhe notice is mailed 10
<br />Borrow,,". by wbkb sucb breacb m.... be cured: and (4) lhal failur~ to cure such breac:b on or before Ih. dale specified
<br />in the "otk~ moy re5llIt in ac:celeration of Ibe ....... _...<<1 by tbis n.ed of Trust and sale of Ih. Property'. Th. notice
<br />shaI1 furtber inform Borrower of lhe richl 10 re;"I.I. afl.. accole.ation and Ibe righl 10 bring a <'ourl actio.. to asserl
<br />lhe 1IOu-exisleuc:~ of . def.wl or any other def_ of Borro..~r 10 aced.ration aod saI., If Ih. breacb is not cured
<br />on or Won the date specified in tbe nolke. Lender at I.endu's oplion m.y declare all of Ihe sums secured by this need
<br />of Trust 10 be immedialely due and payable ..it....ul further dfluand and may ios'oke Ihe power of saI~ and any other remedi..
<br />penult1ed by appIkabIe law. lADder shaI1 be rntided to collect all reasonabl. costs and expeoses incurred in pursuing the
<br />remedies pros'lded in lhis paraaraph 18. iocludlng, bul ..'" limiled to, reasonabl. attom.y's fees.
<br />If the po..~r of sale is iu.oked, Trust... shaI1 _'On! a notice of d~faull i.. ~ach couOtty In wblcb tbe Properly or some
<br />part !bereof is Ioca..... and sha1I mail c:opie5 of sucb notice i.. the manner prescribed by app1JcabJ~ law 10 Borrow.r and to the
<br />ot...... persous prescribed by appIic:able law. Aft.. the lapse of sucb lime as may be required by applirabl. law, Trustee shall
<br />give )NIbIl< notke of sale to lbe pe........ and in !be m......,' prescribed by applicable law, Trustee, wltbout dem.nd ..n
<br />8errowe<. shaI1...U the Property at )NIbIl< auclion 10 lbe bigbesl bldd.r .1 tb. time and place and onder the I.rms designaled
<br />lu the notice of .... In ...... or _ parcels and iu such o<der as Trust... may delermlne. Trustee m.y poslpon. saI. of all
<br />or IID1 parreI of the l'n>perty by pubJk au-..ce1l1t!ut al the time and plae. of any pre.ious!. scbedul~d sale, I.end.. or
<br />I...ader's dtsIpee may purrbaoe !be Property al any sale. '
<br />U.... -.ipt of poy_nt of !be price bid., Trustee shaI1 delh~r to !be purehaser Trl15tee'. deed ron..ying the Proper!}
<br />sold, n.. ndtlIIs ia lhe T......ee's deed shaI1 be prima facie evidence of tbe lrotb of the 51.I~men'" mad~ th~rel.., Trust.;'
<br />..... apply the 1I1'Oeeeds of !be sale ia the follo""'2'''&f (II) to aU reason.bIe cos'" aud npenses of Ih. sal., Includlna, bUI
<br />uot IiIDiHd to, ............... lea of uot _ t.... "% of !be g..... saI. pric~, reasooabJ. .ltomey's f... .nd costs of
<br />::::..~ iIo) 10" _ S,,,,,,red by tIlis Deed of Tn""; and (c) the excess, if .ny. to Ib~ person or persons 1.....ly ~ntided
<br />19. Bono..,....... to Reinstate. Notwithstanding LenJer\'. aCt.,'cleration of the 'um~ ,,;ccurcd by this Det"t! l,r Tn,,-!.
<br />8orr'l'!Wcf ~U h."c the. ri&ht to have ~ny pf(~o-'eCdings be-gun t'ty l.t'nder to cnfNx:e Ihl!i Deed \,f tnl'\l dis..:nntinucu .H
<br />any ~t.me ,pilot' to the e'ar~~r to dccur .l'( (I) the fifth ,II;Y bc:f~1fe the ~dle \.,f the Ph)perty f.lllrsU;,U11 10 lhe ptw.cr of s;llc c,lIll.wwd
<br />In this Deed ofTIV$t?f (U) tnlry lU a Judgment enforCing 1h.s. r)ee~ of Trust If: fa) Bmrowl:"r par:':- LI.'"'HJer all sums which w\"luld
<br />he then due, under ttlll Deed of Trust. the Note and notes secufmg FUture A-d,,'an...'e~, !f any, h~td rll.} .K,;elenHinu (".."l.'mft-'J:
<br />(b) 8otr1.l'*er CUn'$ .U btt-achet. of an)' other c{wen~u'h or agrecmt:'nts '-'( 8orro",'oer t.:Mitaint~d m this Oet>d l)f Tru'I;t:
<br />te) .8c:tttnV.~f ~Y' .1! re&~MP~ e'pe05eli int:urred by tender and Tru:stC't:' in cnfon:..ing the i;;'tWcn~mh and ~i.llrCcments nf
<br />8.or<<t~~f c--otttained_ In tht~ J?eed L~ "ru\. ito"d m ~nfor:i-nl Lende-r:'.\ and Tr~i"tce'" fl"_metJies 3'i proYltk--d ill p~traguph I ~
<br />~f, i_nc;ludlnj-, but oot lunned lO. _,e-l\ofilhic athn-oe-y!t" fcc): ~nd <<dl 1l0Hl.lWt'1' talt-s- ~H\.:h actl(~n a~ L("nder nun fC'\"\~f1..ibl}
<br />requ.tt- h), uwt~ that the: hen (\-f lhili {)(c.d pf Trust. f ,t'oder'\ ultt'fc:\t If! the: Pwpcny iwd B(~rr(\\\'ef\ n~hg..tiotl h~ 1',1\
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