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<br />$4 - t~ G 0612 <br />f. Coatlsrtssliw. The proceeds of any award or claim for damages, direct or comequential, in conttcetion with any <br />condemrtion ex other taking o[ the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigrta! <br />attd shall 6e paid to Lender. <br />fn the event of a tent Lakin`` of the Property, the proceeds shall be applied to the sums secured by thin Deed of Trust, <br />with the caner, if any, fwid to BOrcowcr. In the event of a partial taking of the Property, casks Borrower and Lender <br />otherwise epee in writing, there shall be applied to the sums secured by this Deed of Trrt such proportion of the proceeds <br />as is etfwl to tlut proportron whkh the amount of the sums xcurcd by this Dced of Trwt immediately prior to the date of <br />taking n to the [air marks value of the Property immediately prior to the date of taking, with the balance of the proueds <br />paid to Borrower. <br />If the Property is abandoned by Borcower, or if, aher notice by Lender to Borrower that the exrndannor oRess to make <br />an award or wttk a claim for damages, Borrower fails to respond to Lander 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 reptratiort or repair of the <br />Property or to the sums xcured by this Decd of Trust. <br />Unless Lender and Borrower otherwix agree in writing, any such application of proceeds to principal shall trot 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 rrtallrttenu. <br />It. Rsarower Not Redeasd. Extension of the time for payment or modification of amortization of the sums secured <br />by thin Deed eN 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. Lends shall not be required to commence <br />prete;adinp spirt such scecasor or refux to extend time for payment or otharwix modify amortization of the :cams <br />secured by this Decd of Trtu[ by reason of any demand made by the original Borrower and Borrower's successors in interest. <br />t t. Farhemaetce (sy Leder New • Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or <br />eMhetwix afforded by applicable law, shall not be a waiver of or preclude the exerctx of any such right or remedy. <br />The pracutement of insurance or the payment of taxes or other liens or charges by Lender shall not fee a waiver of Lender's <br />right to aexdetue the maturity of the indebtedness secured by this Deed of Trust. <br />12. Retredir Cartrlttlive. All remedies provided in this Deed of Trust are distinct and cumulative to any other right <br />or remedy under this Deed of Trust or afforded by law or equity, and may be exercised concurrcn[ly, independently or <br />suexasi <br />t3. ad Arlgr Read; )erit ad Seved Liaigky; Caption. 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 covenants and agreements of Borrower shall ix joint and xvenl. <br />The captions and headings of the para6raphs of this Deed of Trust are for convenience only and arc not to be used to <br />interpret or define the provision herco . <br />11. Na1ke. Exttpt for any notice rcgwred under apPplicable law to be given in another manner, (a) any notice to <br />Borrower provided for in this Deed of Trust shall be given by mailing such notice by certified mail addressed to Borrower at <br />the Properly Address or at such other address as Borrower may tksipate by notice to Lender as provided herein, and <br />(b) any notice to Lender dull be given by certified mail, return receipt requested, to Lender's address anted herein or to <br />such other address as Lender may elesignate by notice to 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 herein. <br />iS. Unitorr lheef of TruY: Governing Law; SeveetaiiWy. This form of deed of trust combines uniform covenants for <br />natioerl ux acrd non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument <br />covering reef properly. This Deed of Trust shall be governed by the law of the jurisdiction in which the Property is located. <br />In the event that any provision or claux of this Deed of Trust or the Note conflicts with applicable law, such conflict shall <br />not affesst other pprervisiotts of this t7eed o[ Trust or the Note which can be given effect without the conflicting provision, <br />and to this end [he provisions of the I)exd of Trust and the Note are declared to be severable. <br />lf. Rttsrower's Copy. Borrower shall t>e furnished a conformed copy of the Note and of this Deed of Trust at the time <br />of caution or after recordation hereof. <br />17. Trader err Ne R.perly; ArorpYaa. If all or any part of the Property or an interest therein is sold or transferred <br />by Borrower without Lender's prior written consent, excluding (a) the creation of a lien or encumbnntt subordinate to <br />this Deed of Trtot, (b) the creation of a purcftax money security interest for hottxhold apPPhanexs, (c) a transfer by etevix, <br />eldeeot or by operation of law upon the death of a joint tenant or Id) the grant of any leaxhold interest of three yeah or less <br />no[ exmtaining an option ro purchase, Lender may, at Lender's option, declare all the stuns secured by this Deed of Trust to be <br />immediately dire and payable. Lender shall have waived such option to accelerate if, prior to the sale or transfer, Lender <br />and the person to whom the PropMy is to be sold or tramferred reach agreement in writing that the credit of such person <br />is saddaclexy to Lender and that the interest payable on the sums secured by this Deed of Trust shall be at such rate as <br />Lender shall requrl. If Lender has waived the opion to accelerate provided in this paragraph 17, and i[ Borrower's successor <br />in irpetest has executed a written assttmgion agreement accepted in writing by Lender, Leader shall rckax Borrower from <br />all erbliptions under this Dad of Trust and the Note. <br />If Lender uercises such option to accelerate:, Lender shall mail Borrower notice of accekntion in accordarrct with <br />paragr~ 14 hereof. Such ttotitt shall provide a rind of not less than 30 days [tom the date the notitt is mailed within <br />which Borrower may ppaay the sums declared due. I[ Borrower fails to pay such sums prior to the expiation of such period, <br />Letttfer may, without further notitt or demand on Borcower, invoke any remedies permitted by paragraph 18 hereof. <br />Ntrts-UnIFO1IN COVENANTS. Borrower and Lender further covenant and agree r follows: <br />Ig. Acedaaotlaw Reredks. EueM r poviid M paragraph 17 hence), ttpr Raerowr'a isrei d arty eevaaaal ar <br />~rwrrl erf Rossower i iii Dees d TraM, fwalrtlitg the coveoaNr to pay wit elr say tetra aecasad hY lhi Deal <br />of Trrrl, Ladar pit to aceekrMiaa sWl mai rdre N Rormwer r proriW is prapagh 14 frnaf gadfylag: (1) the <br />hssrah;l2- ter eteYr reftrirei a sync stse3 hnach: (J) a dax. ant Isr fir >• eMp tnt• Na elate eke oWiee i rstaYel to <br />Reswwar, by wild soei hreoci arts he awed; rd (/) List ittRare fe core saes hetatteN N K heloso Ne elate apetiid <br />4 lies arYee asgy «attY i rarirYaw M lie rrs seeared by tW Dai etf Trtwl ad Mle at1 fM PnrpAy. Tie seofke <br />shag hsrlir fatorr Rors+war d tie rQM M rciMaae s/ler acexlerNlao ad fie right N hrlag • avert aatlaw so a~ad <br />Ne wr.ealMatse of a ek6eY ew ry aNv elk/s~ae erf Rorcewer to aradtratlaa rd sal. If tie hreaeh i rM etrei <br />r r hdor lie elate apetiia/ i the oalite, Leeeselw N l.eder s opfir ray drelre aR o/ 14 rats atcrei iy tftis Daet1 <br />ertt Trrl M k irrdilely doe sd pgaYr srilhotM rtvtiYrr derail ad ray iavoie. lie ptwa d ale rte ry .Net readir <br />pndlMd by iw. Lewdstr rhaR he erliYd r avReN YI researhle eeai Ltd erapsw ieatrad i petsstistg the <br />raraWa panYd r tii prapaph Ig, iarfali.g, hest oeN BtttYeel lw nroaahi •M••ay'• faa~ <br />tl Ne d sale i inrahtd, Tnalr sW reeorti . eastlee of ddrN i ettsai avrsaly it. whliei t4 rnpr/y or care <br />pd fiasuat i ieMel ri afr11 ra8 cogir of ssrei rWe is Na rarer psniiai iy ggReaMe hw Is Rrrnwer ri N Ne <br />aNar parr prnid-h atnpMetile tatty. Atletr tk letpe of saei lire r ray ie raraaisd b appYeaii- iw, Trerie ethaY <br />_ ^iRc rYee d srie M Ne peraar std i tie rarer prrriird iy apglkaile iw. Trriq wMMrM tlerrd ow <br />sW sedl.Ne Psepaly sa pilk artlr v rite ftiglreett Wier rM Ne firs tttai place sail srsrir dte lwttr elaspMad <br />it. the nailer of sale fti oar ew rte~rce4 eted i soei erreler r Troslas rrry delerrre. Trrie ray attM erf i <br />ssr any-puerl-of NaPwprq b ptilk arrocesrr at sic fire sad tliaae eet rf pwidy seha Lender ew <br />Leariet!s eialgase ray pareiar Ns rr.prrly Y testy stei. <br />U racslg/ of ptyrwf of Ne pin hK TrMse sfedi ehtWer to tie pgehrar TrtsMae's Arai ewveyiag-lie Properly <br />ssitl, Tis ws#tll4 i tlra Trsrrlar's deN sW ie pion focir evi/eote of tie 1rMY d lies galrreyr rri liania, TnNSe <br />sia/ltppty the of Ne # M sic ~w~ orekr: fat r ttM seartrii coals rd expaow of Ns ask, tstrMeYag. lest <br />etraristYN ty'~ertsNt:'s hr d tW awe Nr 5 0 % of Ne gnr ale pise. nrarMe allarrya [rs ri arosls of <br />~~ eat w i sttra saavaM b lhi Dtted er( Trrh ad le- the etacars, ii trtq, N lie pesar ew parr IspRy eutllM <br />i1 Rewwara Ry1M M Rttlaalala Nettwitbstading Lenders accekrafion of the sums secured by this Deed of Trust. <br />Rgrrower siasll have the right to Mw any P-p ~g~ by Lender ttt enfortt this Dad of Trust discontinued u <br />{Irty tints poor M the ssrfier ld ete;awr err (t) the gftA eiy before the sale erf the Property pursuant to the power et( sale tontained <br />r thia)Iw~d of TruN err fii) emery o(a Itrdrrteni enforcing this Dead of True if: (a) Borrower pays Lender alt stems which we>,dd <br />hs tint crest tmdar tltit ikal erf Trust, t Nola and motes securing Fulurc Advances, iF any, had no aexekruan txcurrcd; <br />fb) ~eienawer tatrw all bresaltsa of any Wlter covenana or agrextrten/t of Borrower cmtuinrd in this Deed of Trust; <br />(ej Resrrowetr pays alt reasatsbk exptrr iescterrcd by Lender and Trustee in enforcieq the extvenaexs and agreawrtents of <br />Rattosvtt axrrttaietad in this fkad erf Truce and in enforcing Lender i and Trustee's remedies w provided in paragraph 1 N <br />Iwrof iaclrediar, lrtd not IinsiNd to, rarseassbk ttOrMrtey's fees; and fd) Borrenrer take such action u Lettdn may rcrsonably <br />reWrin W aeeaor'e t1eN rise lion of this Deset of Ttttsi, Londar's inttrrl in the 1'ropany and tlotrower'a ttbligatiMt eo pay <br />