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<br />9. Condemnation. The proceeds of any award or daim for damages. dirc~t ~r consequential. j" connection wit~'any
<br />condemnalion or other taking of Ihe Property, or parI the,eof. or for conveyance 10 heu of condemnallon, are hereby aSSIgned
<br />and shall be paid 10 Lender,
<br />In Ihe evenl of a total laking of the Property, the proceeds shall be applied to ,he sums secured by Ihis Deed of Trust.
<br />wilh Ihe excess, if any, paid 10 Borrower. In the event of a partial taking of the Properly, unless Borrower and Lender
<br />otherwise agree in wriling, there shall be applied to the sums secured by this Deed of Tmst such proportion of the proceeds
<br />as is equaHo thaI proportion which Ihe amount of Ihe sums secured by this Deed of Trust immediately prior to the date of
<br />taking bears 10 the fair markel 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 jf. 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 l",cnder wirhin 30 days after the date such notice is
<br />mailed, Lender is authorized 10 collect and apply Ihe proceeds, al Lender's oplion, either 10 restoralion or repair of Ihe
<br />ProperlY or 10 the sums secured by Ihis Deed of Tmsl,
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone Ihe due dale of Ihe mnnlhly inslallments referred to in paragraphs I and 2 hereof or change the amount of
<br />such inslallments,
<br />lO~ BolTOwer 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 relea.se. in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not he 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 hy the original Borrower and Borrower's successors in interest.
<br />J 1. Forbearance by l...ender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise a/forded by applicable law, shall not he a waiver of or preclude Ihe exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by lender shaH not be a waiver of Lender's
<br />right to accelerate the maturity of the mdebtedness secured h>' this Deed of Trust. . .
<br />12~ Remedies Cumulative. All remedies provided in this Deed of Trust are distinct and cumulative to any other Tight
<br />or remedy under this Deed of Trust or afforded by law or equity, and may he exercised concurrently, independently or
<br />successively.
<br />13. Successors and Assigns Bound; Jaint and Several Liabilit}.; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the rcs~ctJve successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All covenants and agr~cments ()~ Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Deed of Trust are ror convenience only and are not to be used to
<br />interpret or define the provisions her~f.
<br />14. Notice. Except for any notlce reqUIred under applicable Jaw to be 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 at
<br />the Property Address or at such ot~er address as Borr?wer may de.'iignate by notice to Lender as pro\'ided herein, and
<br />t b) any notice to Lender s.hall be given by certified mad, return receipt requested. to Lender's address stated herein or to
<br />~uch other address as Lender may designate by notice to Borrower as provided herem. Any notice provided for in this
<br />Deed of Trust shaH be deemed 10 have been given to Borrower l"r Lender when given in the !TIanne~ designated herein.
<br />15, Uniform Deed of Trust: Governi~ taw; Se,'erability. rhl\ form of deed of trust combmes Uniform covenants for
<br />national use and non~uniform covenants with limited variations h~ jurisdiction to constitute a uniform security instrument
<br />covering real property. This Deed of Trust Sh;'lH he- govcrnC'JJ ~\" the law or the .iurisdil,tion in which the Property is located.
<br />In the event that any provision or clause of this Deed of Trust or ,the i'-:O!C conflicts with applicable law, such. contlict .shall
<br />not affect other proviSions of this Deed of Trust or the Note whIch L"an be given etleer Without the cont1ictlng proVision.
<br />and to thb. end the provisions ot the Deed of Trust anti the Note ar\.'" declared to be severable.
<br />16. Borrower's Copy. Borrower shall be furnr,he-d ;t ;.:onformcd i.:t)py l..,f the Note and of this Deed of Trust al the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property; Assumption. If all nr any part of the Property or an interest therein is sold or transferred
<br />by Borrower without lender's prior written l.:unscnt. excluding (:1 J the creation of a lien or encumbrance subordinate to
<br />this Deed of Trust, t b) the creation of ~t purchase !Hone\' sCl.;unty ll\tcrt:\! for hou.schQltl appiiances, (c) a transfer by devise,
<br />descent or by operation of law upon the death of a jr.JlOt [cnant or f J ~ the grant ot any leasehold interest of three years or less
<br />not containing an option to purchase. Lender Illa;.-, ~t I ender's optipo, declare all the sum!\ secured. by this Deed of Trust to be
<br />lfnmediately due and payable. Lender shall have \\-;.uvco ~uch optlon ttJ accelenlte if. prior to the s~le or transfer, Lender
<br />and the person to whom the Property is 1O bl;': soid t.\f transferred reach agreement in "TIting that the credit of such person
<br />is satisfactory to Lender and that the interest payahlc \)11 the sum~ :-.~cun.--J hy !his Deed of Trust shall he at such rate as
<br />Lender shall request. If Lender has waived the nplion 10 acceJerat~ provided in this paragraph 17. and if Borrower's successor
<br />in interest has c-xecuted a written assumption agreement ;t(:cepted ;n writing by Lender, Lender -shall release Borrower from
<br />all obligations under thi-s Deed of Trust and the Note
<br />If Lender exercises such option [0 accelerate. i .cndt:r \haB i11.aii Borrower nv-tice of acceleration in accordance with
<br />paragraph 14 hereot. Such notice shall provide it perH.\J t.'1t Odt kS1!> than YO days from the date the notice is mailed within
<br />which Borrower may pay the sums dedared due, Ii Borro\\~r f;ub to ray ~Ilch sums prior to the expiration of such period.
<br />Lender may, without further notice or demand on Borrower. Hwot..e ~\n~ rcmt.~dies permitted hy paragraph IH hereof.
<br />NON-UNIFORM COVl:NANTS_ Borrower and Lender lunher nwenant and ~lgrce a:!i follows:
<br />18. Acceleration; Remfliies. f:xcept as provided in pal1lleraph 17 hereof~ upon Borrower~s breacb of Bny covenant or
<br />Bitreement of Borro",er in this IhetJ of Trusl~ indudine. the (.o\-enants ~o pu)' when due any sums secure-d b)' this Deed
<br />of Trust, tender prior to acc.l.ralion shall mail notice 10 Burro.... as pro,.id.d in paragraph 14 he...of speeifying: (1) Ihe
<br />b...acb: (2) lhe action required to cure sucb b...ach: t31 a dale, not less Ihan 30 days from the date the notice is mailed 10
<br />Borro",'ert by ~~hkh su('h breach must hf' ('ured; and (4) that failure- 10 ('ure su~h breach on or before the date specified
<br />in the notk~ may result in acceleration of the sun~ secured b), this Dee-d of Trust and sale of the Property, The notice
<br />sbaU further inform BonolNt'r of the ri"ht to ~ins'ate aftt'f ac.:eleration and the right to bring a court action to as.wrt
<br />tbe non.e:dstelKe of a de-fault or aD} other defeose of Borro",,'f'f to acceleration and sale. If the breach is not ('"ured
<br />on or hefore the date spedfied in the notice. Lender al Lender's option m..y deda,e all of the sums secu...d by' Ibis Deed
<br />of Trust to be immediately due and palable ",'ithout further demand and ma,y in,'oke the po"'"er or sale and any other remedies
<br />pennitted by applicable law. l.enckr shall be entitkd to coUect aU reasonable costs and expenses incurred in pursuin~ the
<br />remedies provided in Ihis pa"'llraph 18. induding. bu. nol limited to, reason..ble attorney's fe...
<br />If the power or sale is in\'oked., Trustee shall record a notice of default in each county in which the Property or sonle
<br />pan lhe",of is located and .baIl mail copies of such nolice ill lhe ma..ner pres<:ribed by applicable law .0 Borro..er and to Ihe
<br />other persons prescribed by applieable la.., Arter the lapse of such time as ma)' he required by applicable la... Trustee shall
<br />give ....bUc noli<< of .. 10 the peOiOOS and in Ihe m..uner pre",ribed by applicable law, Trustee. wilhout demand on
<br />Borrower, shaJJ: sell tbe Property at public auction to the highest bidder at the time and place and under the terms designated
<br />in the ~ o-f sale in one or more parcels and in s'lcb order as Trustee milll' determine. Trustee may postpone sale of all
<br />ur ...y parcel of ,be Pmpony by public ....nounc._nt at Ibe lime and place nf all)' previoush' scheduled sale. I.ender or
<br />Lender's desigaee may pu~ the Property at ..ny sale. .
<br />Upua I'KdpI of pay......t of the price bid. Trustee shall deli,.er 10 Ihe pun:h....r Trusle.'s d.ed eouveyi..g the Property
<br />.sokL The ree-itaIs in the Trustee's defll shall be prima fac.'ie e\'idence of the truU, of the statements made the-nino Tn.stee
<br />sltaII apply the proceeds of the sale i.. the followiUll order: (a) 10 all ...aso....ble cost. and expe..... of the sale, illdudloR, but
<br />aot liaaiIed to, Trustee-ts fees of DOt more tbaa tlL of 1 (:"t> of the IroS5 ule price, reasonable altomc)"s fees and cosf.s of
<br />tille ~llbl to lIIl._ secured by this o..ed of Trust: and (<I the eKe..., if an>, to the ~I'SO" nr perso..s 1~a1" enlitled
<br />~ ' r- 'ft _
<br />19. Borrowers RicfU to Reiastate. NOIwilhManding Lcnuct".. ~h::ce-lcr:ati('n \It Iht.' '\um~ -sc\:urctl hy Itw. Deed \'\f Tru'\1.
<br />&rn~wer i~all na\t'e the_right '0 have any procee-dinf!!~ hcgun h-)' Lender h" ~nf\.m:e this Dt't.~d IJt Trusl ~hs("(lnt~niJeJ ,11
<br />;my ~m)C prmr to the e...r-ber to (lee,ur ,tlf (I) the fifth day hefore th...~ ..ale of the P'ropeny pUf\Uant tll the power 01 ...ak cont<Hn~d
<br />10 Ihb-l>e<<:dot TfUt.t nr(u) enu}' of a Judgment en(orc.mg thi" Deed lolt Trust d: (al Borrower pay~ 1 ci\dcf' ita ~um... which w.Juid
<br />he- then due under ltU-t Deed \'1r Trus.t, the N01e- .md note".; ~c,llr;ng Future Advances, If all\,. n<td no iH.:I.'i.'knHI()n lx:(urrcd;
<br />!,oJ Donnwcf \:'ut~ aU breadw$. ~,f any vther CPVC-f1snb or alotreem-enl"'- 1.)1 ROHo\\,'cr >:(~ntained m thh Deed \',[ T ru.,['
<br />{C} -Bon\-),~<<t va.:;;" raU fea~lt.\aWt c:xpen~ Incurred o~' Lt"nrlcr itnd Trm,tet: if) cnfon.::mg th",; I.:l_Wt~n.mb anti itgn.'cments ,'I
<br />8-tJff{)Vr'~f ~>(H"\~amt:d m H~.l). Deed of '1 rus-t ftf1d In cr'lff)n:ing Lcnder'!t, 'lnd fw...tce's- n:nu:,.du:'s ~l'" pruvHkd In f.~.Ir;lgr<Aph I ~
<br />herca>f. j.t'K:-f-udjfll~ but Oi.)( hm1led to, reji.\On..t.bJe ;t.ttntJ\eY'~ fce\. and (J,LJ(ll'rov.--e, lakt~~ ~IKh ;.tJ;thHl l.!\ t c-n-dcr mli\ re.!~nn:\hh.
<br />l'"~Utn: h') ;;lU\,\fe that the hen nf ItU!i- Deell of 'ln1'!. Lender', mtNe'\l In lhe PnJfXrf\ ,H1d ll,'r-rI..)I.\(:t"~ lJbhgallnl1 In j'.l\
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