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r <br />~4.r ~~~o4s1 <br />by this Decd of Trust immediately prior w [he date of taking tzars to the fair marks value of the Property immediately prior tothe date a6 <br />taking, with the.batance of the proceeds paid to Boroower. <br />f f the Praptsty is abandoned by Borrower, err if, afro notice by Lender [o borrower that the condemnor offers to make an award of settle a - <br />claim for damages, .Borrower fails to respond to Leader within 30 days after. the date such notice is mailed, Lender_is autitotizsd to.rnlltct atid- <br />apply.the prtttxeds, at Lender's option; diher to restaratinn err repair of the Property or to the sums securstt by this Deed of Trust. <br />Lnkss Lfrtder-and harrower otherwise agree in writing, any such application of praceeds.to principal--shag not extend-or-postpone the due. <br />date of the monthly inetuNmrnr< referred to in paragraphs T and 2 hereof or change the amount ofsuch installments... - <br />L& Borrower Not Relented. Exttttsioa of the time for payment or modification of amortization of the sums.secttred_bythis Deed-of Trust: <br />grantedby Leader io any successor is interest of Borrower shag not operate to release, in any manner, the liability-of the original Borcuwer:and:. <br />borrower's successor in intetesi. Lender shag not be retptittd to commrnce proceedings against such successot.or refuse to.extead tlme..fdr <br />payment w otherwise mock€y amortization of the sums secured by this Deed of Trust by reason of any demand made bythe-origins!-Borrower <br />and Sorcowtr's successors in interest. <br />L 1. Forbasrartee by )leveler NOt a ?Vdrer. Any forbearance by Lerdu in exercising any right or. remedy hereunder; err otherwise afforded <br />by appiicabk law, shall trot be a waiver of er prextude the exercise of any such right or remedy, 'the procurement of insurantt ar.ihe payment of <br />taxes or other liens or charges toy Leader shag not be a waiver oi' Lender's right to accelerate the mawrity of the indebtedness-secured bythis. <br />Deed of Ttvst. <br />12. Nemedies Camslatlre. All remedies provided in this Deed of Trust are distinct and cumuta[ive to any other tight or reatcdy tender-[teas <br />Decd of Trtrsi or afforded bylaw or equity, and may ix exercised concurrently, independen[]y or suemssively. _ <br />F3. Ssccauors sad Arigns Borg Joinl and Seven) LiabWty; C:aptlom. The covenants and agreements herein coataiaed shall ~biad; and - <br />the rights hereunder shah inwc to, the respective successors and assigns of I,cnder and Harrower, subject to the provisions of-paragraph 17 <br />hereof. Ail covenants and ageemmts of Borrower sttafl be ioirt and several. The captions and headings of [he paragraphs of rids Died i~f Trust <br />arc for caavenience only and are not to be used to interpret or define the provisions hereof. <br />L4, Nofke. Except far any notice required under appiicabie law to be given in another manner, (aj any nadee ea Bazrower provided for is <br />ttda tksd of Trust shall be given t:y mailing such notice by certified mail addressed to Borrower at the Property Address or at such other address <br />as borrower stay designate by notice to Leader as provided huein, aced (b) any notice to Lander shag bt given try ctttificd mail, rtturn tettipt <br />requested, to Leruler's address stated herein err to such ocher address as Lender may designate by native to Borrower as provided. herein, Any <br />naticc provided for in this Deed of Trust shat! ix deemed to have torn given to Borrower or Lender when given in the tnaaner designatedhtxein: <br />ES. Uaifarm Deed of Trttsf; Governing Irw; SerenbBity. 7itis form of deed of trust wmbmes uniform covenants for national-use and <br />non-unrfarm mvtnaats Kith limited variations by jurisdiction to constitute a uniform security instntmem covering rest property. This Deer! of <br />Trust shat! he governed by the taw of the jurisdiction in which the Property is ioe;ated. In the even that any provision or clause of this Deed of <br />Trust err the Note eontlitts with appficabte taw, such muffler shat) not affect other provisions of this Deed of Trust or the Note which can be <br />given cfttc[ vvi[hattt the mnfiiaing provision, and to this end tfte provisioris;>f the Decd of Trust and the No[e art declared to be severable. <br />ifi. Bortowrr's C;apy. Borrower strati be furnished a conformed copy at the Nvte and of this Decd of Trust at the time of execwiort or <br />after rtcordatfan hereof. <br />17. Tnafer of the Property; Asaaaeptlon. ti all or any part of the Properq• or err, tntcrest therein i.s sold of uanst'erred by Borrower <br />without Lender`s Briar written consrnt, excluding tat the creation at a lien err encumbrance subordinate to this Deed of Trtut. (b) the crea[ion of <br />a pwchsse money security interest for hnusehald appliances, tc} a transfer by devise, descent or by operation of taw upon the death of a joint <br />tenant or td) the grant of any leasthald interest of three years or less not containing an option to purchase, Lender may, at L.ender's option, <br />declare aft the sums secured by this i)eed of Trust to be irttmediately due and payable. Leader shall have waived such option to accelerate if, <br />pricer to the sale or transfer, I,tnder and the person to wham the Property is to br sold or transferred roach agreemrnt in writing that the credit of <br />Bach person is satfstae[ary to Lender and rtes[ the interest payable on the sums secured by tftis Deed of Trust shall beat such rate as Lender shall <br />request. if Lettdcr has waived the option to accelerate provided iu this paragraph l7, nerd if Aorrower's sumssor in interest has executed a <br />writ*_tn.ttssump?ion agreement accepted in wrih[ta by Lender. Lender shad release Borrower tram all obligations under this Lamed of 77ust and <br />the Na[e. <br />It l.emier exrrases such option to acceera[e, Lender shall mail Harrower nsuce at aceelctation in accordance with paragraph 14 htreol. <br />Such notice shag provide a peered of nae iev than 30 days t'rom the dale the native is maittd within which Borrower may pay the sums declared <br />due. If Horrawer faits to pay such sums pricer to the expiration of such period. Lender may, without further notice or demand on Harrower, <br />invoke any remedies permitted by Paragraph tg hermt. <br />NON-UNIFOftM GOYE,NAN7°5. iiorrowtr and Lender further covenant and agm as !allows: <br />Ig. Acedaatba; Rmedtp. Except as prodded fn ptuagnph 17 fterrof, upon Borrower"s breach of nay eorettaat-.pr rgrgemem of <br />Borrower m thta Decd of Trent, indading the coremats to pay when dur any srtm secured by thin Dad of Trtut, fentkr~prlor toacoderttlon <br />shag srdi aeikr to Borrower tat prorWed in paragnp6 !J hereof aptxtfyitrgr tl) [rte breath; (2) the actloo rcgdred to cure each brtaci~; (3) a <br />daft, too! ka than 3ti thtys from the date of notice is maBed to Horruwtr, by width sorb breach mast 6e cored; and tQ that taBure to cure attc6 <br />brine! oa ar-tsdoro the tittU sPceiii[d la tie ootke may remit in aetekratioa of the soma severed trY tits heed at Trttst sad safe of the Property. <br />The tmaiec ahaH lrrther inform Borrower of the right to reiatak after acceteratton sad ibe right to brhg a caert actlov to assert Cite non- <br />esbteatt of a defaait w nay other tideaee of Borrower to atxefer[ttiaa and aak_ if tie breach h lent etttcd on or before the date speeifted m the <br />nWice, )leader at leader`s optlan may tirchire aH of the antm aeta[td by this Deed at 7'rvst to be Immediately due end payable without further <br />dersaati aM r>n?7 iatoie-the powm of oak amt any otfttr remedies pamttud try appikabk lave. Peader shag be eatltlM to coikct ail rtsoorrbk <br />cosy need expetun {scarred u pafsidag the trnedJea prorided it lids parsasnph ig, iodatllag, bat not limited to, rwooabk aROeaey's 6:ea. <br />ff the [rower of »k b iarohed, Trmtee aitN record a uotlce of detaaSt k each tYlantY in wild tht Property w some part lhersot iff located <br />sad aiaH tad{ rnpica o/ serch etotla m t~ maze prtseribed by apptitabk taw to Borrower and to the abler persons pr•ts#ttibad by appikable <br />ten. After the lapse of strci tlme m ?aaY be tegafred by applicable law, Trustee sbatl der pnbHc uotke of sale to the prtvonr and fn the maaaer <br />praerSied by sppYeabie taw. Trastne, witbotet dtsvraed ten Harrower, shall soil tie Properly at prtbBc aaetiaa to the highest bidder rt the time <br />and place and aeda rid terror i• the rotfce of sak le ast w mane trareels and in oath order as Trustee may detarmfae. Troalte may <br />pettfitaste cede of rtB or~any~parrei-ot tie Prttpeety by Punk aaaoaacematt at tier tires and place of anY previottsty scbtdakd oak. ).coder a <br />).anise's ttasigaet tasty isvetefae Zia Property at any oak. <br />O~~ -~ ~Ct a,' ~r..~'~', : t~3ea-s'~-'l3t'.:rw tea ~srrb..~.r Ttust„'s ~d easreytsg t!r• I'rop~ty !~,yd. TlsG reeWs is <br />Net Trtlaate's deed tlaB ke yniarr:farta tnMkset of We teeth of the statemtats made tbtrda, Treats aMB apply tie proceeds at the sak ie tie <br />ft~»rrYrg Wier: ta).tp off tetroaaifa caau attd expemm of ibe t#ds, iaciud4sa, but not tltriikd ta,'Irvata's fast of not more than ._ „__....'vt <br />of Nee tp~ea6 oak Dttee; tarsesmOk attaraey'r ftta Mad tesb of Ntlt eridtaer; fbi to aH ;prtAS vrcrr[d by fhb L)eed of Trust: and let the exteas, if <br />arty: to tilt pteatrtnr fnarnra fatpsBt esttlikd thercro: <br />t4, Borearnnr's i to RelaMaae.. Natwitf~[andittg t.,~cnder's acctkra?ion of the sums stxwrM by this ilmi of Frost, Harrower strati have <br />$ t€r t7aFY avy~ i~nf3 bsgas iaY L.andet to rnfarte rifts Lhrxi at Truce dSscantinuett ut ara}'tame Pricer [a the carrier to ou=rur at Qi the <br />f:Pth relay t+rfart: rl~ oak of rtes Psttperty pursuant to the power at oak cantnirrtnf t» this Herd at Trust cx list enirq nt a iudgmexet etcfarfisue thix <br />txttd cH Trtrst it. tai Harrtswrt pays i~trder ati suosv wiis`rh woatd ~ then flan under {'hit L}trd of Ftusi, t#se 'Norte and nacaa arxuring fititurc <br />