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<br />by this Dted of Trust immediately prior to the date of taking bears to the fair market vattu of [he Property immediauty priorao-the dau of
<br />taking, with the balance of the. proceeds paid toBorrower. -
<br />If the Property Is abandoned.byBorrows, or if, after notice by Lender to Borrower that the condemnor offers to makean award or settle a
<br />claim for damages, Borrower fails to. respond to Lender within 30 days afar the dale such notice is mailed, Lender is authorized to collets. and, -
<br />applythe proceeds, ai Leeds's option, tither to restoration or repair of the Property or to the sums secured by this Deed of Trust. _
<br />Unless Leadet-and Borrows otherwise agree in writing, any such application of proceeds to principal shag not exund or postpone the title
<br />dau of the monthly instaBmtnta referred to in paragraphs 1 and 2 hereof or change the amountofsuch instaltments. - -
<br />10. Borrows Not Released. Extension of the time for payment or modification of amortization of the soars secured by this~.Dad of-Trust-. _
<br />granted by-Lends-to any successor in interest of Borrower shah-noroperate to release, in any tootles-, ihc_tiability of the original Borrower and~~' - -
<br />Borrows's successors in interest. Lender shall not be required to commence proceedings. against such successor or refuse to:extend-time :for
<br />paymenx or otherwiu modify amortization of the sums secured by this Deed of Trust by reason of any demand made' by [ha.origina).Bocrower
<br />and Borrower's successors in tersest. - - -
<br />ft. Forbtanace by Leader Not a Weirs. Any forbearance-by Lender iaexscising-any right orremedy hereunder; orotherwise-afforded:
<br />by applirxbk law, shall not be a waiver of or predudc the exercise of any such right ar remedy. The procurement of insurance orihe paymentnf-
<br />taxes or other liens or charges by Lender shah not be a waiver of Lender's right to aclxisau the maturity of thaindebtedness secured by khis -
<br />Daed of True. -
<br />t2. Reanedies Cumntatlre. Ali remedies provided in [his Deed of Trust are distinct and cumulative to any other right or remedy under this:
<br />[?red of Trust or afforded by taw or equity, and may be exercised concurrently, independently orsuccessively. - -
<br />f3. Sucemann and Aa~goa Bound; Joist tad Several Liability; Gptlons. The covenants and agreements herein contained shall bind; -and.
<br />the rights hereunder shall inure to, the respective suceessors and assigns of Lender and Borrower, subject to the provisiotu-of paragraph I7
<br />hereof. A!I covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of this Deed of Trdst -
<br />azzfor convenience only and are oar to be used to interpret or define the provisions hereof.
<br />!4. Notla: Except far any notice reyuued under applicable law to tx given in another manner, (a) any notice to Borrower provided. for in
<br />this Deed of Trust shag be given by mailing such notice by certified mail addressed to Borrower at the Property Address ar at such oUtec address
<br />as Borrows may designau by notice to Leader as provided herein, and (b) any notice to Lender shall be given by certified mail; retwn receipt --
<br />requested, to Lender's address stand hsdn of to such other address as Lender may designate by notice to Borrows as provided herein.-Any -
<br />notice provided for in this Dted of Trust shall be deemed to have been given to Borrows or Lender whin given.in-the manner designaud.hsein: -
<br />I5. l}niform Deed of Trent; Governing I.avr; SsvenbBity. This form of died of trust combines uniform covenants for national use-and -
<br />non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Deed of
<br />Trust shall be governed by the taw of the jurisdiction in which the Propeny is located. in the event that any provision or clause of this Deed-af
<br />Trust nr the Note conrtic[s with applicable law, such conflict shall not affect other provisions of this Deed of Trust or the Noie which.can-be
<br />given effect without the cronftirxing provision, and to this end the provisions of the Dred of Trust and the Notc are declared to be severable.
<br />ifi. Borrower`s Gpy. Borrower stlaB be furn)shett a conformed copy of the Note and of this Deed of Trust at the time of execution or
<br />efts recordation bertot.
<br />t7, Toaster of the Property; Asatmptlon. I€ all or any part of the Property or an tersest therein is sold or transferred by Borrower
<br />without Leeds's prior written consent, excluding (a) the oration of a lien or encumbrance subordinate to this Deed of Trust, (b) the creation of
<br />a purchast money security interest tar household appliances, tc} a transfer by devise, descent or by operation oC law upon errs death of a joint
<br />tenant or (d) the gran[ of any leasehold tersest of these years or eras not containing an option to purchase, Lends may, at Lender's option,
<br />declarr all the sums secured by this Deed of Trust to he immediately dot and payable. Lender shalt have waived such option to aceelerau if,
<br />prior to the salt or transfer. [ands and the person to whom the 1'ropsty is ro bt sold or transferred reach agreement in writing that the credit of
<br />such person is satisfactory to Lender acrd that the interest payable on the sums stcurai by this Deed of Trust shay) beat such rate as Lender shall
<br />request. if Lends has waived the option to acce}sate provided in this paragraph 17, and if Borrower's successor in tersest has executed a
<br />written assumption agreement accepted in writing by Lends, Lrnder shaA release Borrower from all obligations under This Dred of Trust and
<br />the Note.
<br />if Lender exercises such optiou to accelerate, Lender shall mail Borrower notice of aceeleration in accordanet with paragraph 14 hereof.
<br />Such notice shalt provide a psiod of not less than i0 days Crorn the date the notice is rtailyd within which Borrower may pay the stuns declared
<br />dot, if Barrows fails to pay such sums prior to the aspiration of such period, Lender may, without furths notice or demand on Borrower,
<br />invoke any remedies prsttdtttd by paragraph IR hereof.
<br />NON-t}NIFQRM /:OYENANTS. Borrows and tends froths covenant and agree as Collows:
<br />!g. AcctExsatiot; Remedta. Fsapt as provided in paragraph !Z bereot, upon Borrower's breach of any covetaat or agreement of
<br />Borrower is this Deed of Trost, ladadhsg the coventats to pay when clot nay swats scented by thk Deed of Tract,-Leader prior to accdentlon
<br />shah ma6 notice to Borrower u provided Ice parapnph 14 hereof specifyirtg; (I) the breach; (2) the actloo required to cure such breach; (3) a
<br />dtie, aot leas than 3t) days from the date at notice fs mailed to Borrower, by witicb such breach moat bt tared; and (d) that faHurt to cure such
<br />breath tot or before the dale sPeetfkd le the natia mtY resale in accekratlon of the soma seivred by this Decd of Trost, sad sale u[ the Property.
<br />The notice ahtBfarths inform Borrows-af the right to «ltWau alts acceleration sad the right t0 bring t court orlon Eo-assert the toa-
<br />exhieace of t deftut! or.aey orbs deft:mre of Morrows to aceelaatioe tad sale. ft the brach i9 not coral oa or before the dale apecifkd to-the
<br />notice, Leads tt Leader's option may heelers ail of the sums scared by this Deed of Trust to be immediately due and payable without turths
<br />demaadtcad arty enrolee the pows of oak end nay other remed#ea permitted by appiktbk law, leader shall be entitled to collect nit reasoaa6le
<br />casts sad exptmsea tMUrrtd la parstlo; the reatedks provided fa thin paragraph !g, iadadlag, bnt not Iimited to, retaouable ntoraey's fees.
<br />ff thapows of sale is invoiced, Trestee shah record a tetkx of dtfanlt to etch county it whle6 the Property or some part thereof is )neared
<br />sad shag ma6 ropier of sash corks in the merest prescribed DY tpt>~t* taw to Borrows and to the other penom preacrklred by appiktbk
<br />intr. Afler the Lpse of each time as may be.tegaked 6Y applicable taw, Tnntce shill give publk notice of sale to the perwm sad io the auoear
<br />ptescribe6 by s4!pBrable law. Trwtae, rrilhoat dematd oa Borrower, aht6 sill the Property at PabBc aactloa to the highest bidder at the time
<br />sad INaxe sad reader ~ terms desimsaisd is the aotke o! sale la sae nr more ptrcels sad is each ords as Trastee may detsWae. Trnske may
<br />pa#pegat sale of t6 ar atty.pared of the Prupsky by pabtk aaaanac~r®eot et the ttmr a>»t place of aaY RrevinaslY arheduicd sale. Lrnder or
<br />LsatleF'a+ tarq.parrhpt tin; Property at ray sale.
<br />- flpat.rset:of.paymairt et the price bid, 7reatee shah derive to the pnrcbtsrr T'rustee's deed eonr-eylag tits Property sold. The redttta la
<br />the. Trttatea'sdead'sh118 be ptitgt-tack ttvitkece of the truth of the statemeah rattle therein. TrtWa shall aPP1Y thr Rroceeds oP the sale k the
<br />fltRosrhsgordar: ice} tg aB retiamtabkeaats sad espetaea of the , iacladiag, bat not Bmkal to, Trwtae': fees of ant mare thin .... _._1~(9_. a°k
<br />of the glen tale ptie+, rastaornahieattraaey's fem [tad Costs of title tvtdeacr; ib} to a6 name sectred by tide Deed of 7 Wsf; sad tU the excess. tf
<br />ms}r, to t1e trssat a pnaea kgxiiymddad thaeta
<br />t9. ~lrrowrf''s Ri;<Ittta ttaiaatatr. Natwithsittaiing Lender's acrtitracian a( the runts secured h7 chi. tlcrd at Tt'ust, Barntw•er shall have
<br />iMt riit#q so have any pracxtdings begun ity I.srdtt. to ta[uree this tXed at Ttvst discantinntd at any time prier to the exrtis to tx:cut of ii} the
<br />ftftb ~,ity tsrfare ibe-aria at thoF P_rapzity pw~aatant tct th4 power of eau evsttaitacd cn thiy tytad of Trust nr ?ii} s'au7 of a }udg'mtru trti`orrng thrs
<br />a+cev tit#'zr~t if: (a) Bkr?owv pays t-ends ail rums which waned in titre dot corder this Uttd x1f fxtist, ,F.t Nc tt atad tr,ntc sc.~uring f~ctturt
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