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<br />by this Deed of Trust immediately prior to the date of taking bears to the fair market value of the Property immediately prior to the date of
<br />taking, with the balance of the proceeds paid to Borrower.
<br />If the Property is abandoned by Borrowu, or if, after notitt by Lender [o Borrower [hat the condemnor offers to make an award or sutk a
<br />(~ claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is mailed, Linder is authorized to rnBect and
<br />I apply the proceeds, at Lender's option, either to restoration or repair of [he Proputy or to the sums savred by this Dad of Trust.
<br />Unless Lender and Borrower otherwise agra In writing, any such application of proceods to principal shall-not extend or postpone the due
<br />date of the monthly installments refereed to in paragraphs I and 2 hereof or chaege the amouet of such insnlleteets.
<br />10: Borrows Na Adeeaed. Extension of the time for payment or modification of amortization of the sums secured bythis Dad of Trust
<br />granted by Linder to any successor in intuest of Horcowu shall not opuate to release, in any manner, the liability of the original Bderowu and
<br />Borrower's successors in interest. Lender shall not be required to commence procadings against such suaessor or refuse to extend time for
<br />,,, payment or otherwise modify amortization of the soots secured by this Dad of Trust by reason of any demand made by the original Borrower
<br />and Borrowu's successors in interest.
<br />il. Forbronata by Leader Not • Waiver. Any forbeazatttt by Lender in exercising any right or remedy hereunder, or otherwise afforded.
<br />by applicable law, shall not be a waiver of or preclude the exucise of any such right or remedy. The procurement of irtsunnce or the.ppyrrrent;of
<br />' taxes or other liens or charges by Lender shall no[ be a waiver of Lender's right to accelerate the maturity of the. indeMedngs secured. by [his --
<br />Deed of Trust,
<br />s l2. llesettls Cusnhtlve. All remedies provided in this Deed of Trust are distinct and cumulative [o any other right or remedy underthia;
<br />a Deed of Trust or afforded by law or equity, and may be exucised concurrently, independently or successively.
<br />13. Soteeaeors and Atedgr Bontad; ldr and Seven) Lhbltlry; Captlor. The covenants and agreements herein contained ahalLbind,:and.
<br />the rights hueunder shag inure to, the respective successors and assigns of Lender and Borcower, subject to the provisions of paragraphr l7
<br />hereof AB covenants and agreements of Borrower shall be join[ and several. The cap[ions.and headings of.theparagrophs.of,this~:Dad-of Trust
<br />are for convenience only and are no[ to be used to interpret or define the provisions hereof. - - -
<br />1/. Notloe. Except for any notice regtred under applicable law to be given is anothermanner, (a) any notice to-Borrower provided for fn:-
<br />this Deed of Trust shall be given by mailing such notice by certified mail addressed to Borcowtr at the Property Address or.at such:othuaddress-
<br />as Borrower may desigmte by notice to Linder as provided herein, and (b) any notice to Linder shall begiven byartified-mail,: return t~ceipt
<br />requested, to Lmdu's address stated hudn or to such other address as Lender may designate bg notice to Borrower r.provided-haan..way.
<br />,notice provided for in this Deed of Trust shall be domed to have ban given to Borrower or Lendu whengiven~ in the manner designated htaia:
<br />15. Udtom Deed of Trost; Governiq Lw; Severnbitlty. This form of deed of trust combines uniform covenants for national:usoarid
<br />non-uniform covenants with 6etited variations by jurisdiction [o constitute a uniform security instrument covering real property. This l7red.of
<br />Trust shall be governed by the law of the jurisdiction in which the Froperty is located. In the event that any provision or dauxof this-Deed of
<br />Trust or the (Vote conitic[s with applicable law, such conriict shah no[ afice[ other provisions of [his Deed of Trusi or fltc Nord wtrtch c3a ~
<br />given effect without [he conflicting provision, and to this end the provisions of the Deed of Trust and the Note are dalared [o be sevuable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust at the time of execution or
<br />after recordation hereof.
<br />17. Trader of the Property; Asrsptlon. If all or any part of the Property or an interest therein is sold or transferred: by -BOr[owet,~.- --
<br />without Lmdu's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate o [his Deed of Trust, (ti)the creation of
<br />a purchase money security interest for household appliances, (c) a transfer by devise, descent or by operation of law upon ths~death-of-a joint; - -
<br />tenant or (d) [be grant of any leasehold interest of thra years or less oat containing an option to purchase, Lender [nay, at: Lender's option,,.:
<br />declare ail the sums secured by [his Dad of Trust to be immediately due and payable. Linder shall have waived-such option to accelerate _f;
<br />prior to the sale or transfer, Lender and the person to whom the Property is to tie sold or transferred reach agreement in writing that the credit of ~- -
<br />such person is satisfactory to Lender and that the interest payable on the sums secured bythis I>eed.of Trust shall-be;at such rate as Lenduatiall ;
<br />request. tf Lender has waived the option to accelerate provided in this paragraph -17, and. if Borrower's successor-in intereao has executed-:a
<br />written assumption agreement accepted in writing by Lender, Lender shall release Borrower from all_obtigations under thisDeed_of Trust::an_ii. -
<br />the Note.
<br />if Linder exercises such option to aceelerate, Lender shall mail Borrower notice of acceleration in accordance with paragraph, l4 hereof.
<br />Such-notice shall provide a period of not less than 30 days from the date the notice is mailed within which Borrowu may pay; thesuma-declared,.
<br />doe. If Borrowu fails to pay such sums prior to the expiration of such period, Lender may, without further notice or demand on HorcoweG
<br />invoke any remedies permitted by paragraph 18 hereof.
<br />NON-UNIFORM-COVENANTS. Borcowu and,Lender furthu-covenant and agra as follows: - - - "' -'
<br />]0: Aecekradoe; Resedis. E;apt r provided in pungrapY 17 bereot, upon Bo-rowets.bie~elt ot~ay coveuat or agr«ae~t:of
<br />Botrowa u Ibis Deed of TrW, ittdodiag Ibe envewta to pay when due any soma rcorod 6Y tbb Deed=ot Truer, I.enMrprior a trceelerello~
<br />sba8 std) nWice to Borrower r provitiled in pnrngenpb lI Yenof apedtyly: (1} the Irteaeb; (2) the aa:tloo reaoired to core web branch: (3) a
<br />date, wt Ian Ihnn >0 days tram the date of wtia 4 matkd to Borrower, by wbkh attcb breach sup tie cored: wd N) tbnt faYnre to cane. each
<br />brgch;w or.betore the dale aped(kd in-tbewtlee-taay. reanlt ir.tsaderetloo-u[: the attar rcored;by tb4 Deed of Tert.nnd aak;ottbe Property:
<br />Tbe:aotia, e0n11 t~rl6er; Colors Borrower of the right to relrtate attar accekratloo and. the right, to brlq a coon actbn to atrert tbo wr
<br />eaYWte ol,n delwl/ or uy-other. delete oFltlarrowa to nceekngar and rnk. If the beach Y not card on.or baton the date.apetdtld~.in tlk,.
<br />notice, Lender at Lender's optlw sty deelnre all of the aquas secured by thin Deed of Trrt to be issedlekly due and pnyabk wltbo[tt [tether.
<br />tiered ud ay involu the. power of sak wd nog other reeediea permitted by applkabk law. Leader abetl be eetlded to eolkct. atl:tenaooahle
<br />cea4 and.extrcrea ieeurred L pnnuing,t4 remedip provWed in tb4 poragnph ig, Includly, bat refit tlsfled to, reewnebk attorney's taco.
<br />It the power of ank is.inroked.. Trrfee ttboll record • ontla of default io each conaty -o wblcb 1be.Property a acme port tbereot L located
<br />ntad ehon;moil copir o[sach notice in the sooner preacrlbed by applkn64 law to Borrowu anti' lo.the other persons 1~~~ by WP~dk
<br />hw. Afka the lapre,ot weA dose r say. be required.-hy appllyabk law, Trustee-eboll.glve pwhlk:notla of fak to the petauna eed. in the onnoer
<br />prtsettYed by n0pYeeble bw. Tarlac,. wlthoul demand oo Hotrowtr, syllsdl the Property at public artlon to the 610Yest bidder d tba time
<br />and Nke ud omla the.terua.dalgaukd wthe wlke of ante in ono or morn parcels end In ouch order r Trostee.maY determine. Trrta may
<br />poatpotre ink et a8 nr eery prtrcd o[ Ibe. Property by pnbtk aanouottmmt at the Here and. plea of any pavbealy schedttkd ank. Lends or
<br />Lender's deslgr+e.seY percbne Ibe Pzoperty rt nny ank.
<br />U Don receipt of ryyarent gt'ths.prke-bW, Truatees1u11 dearer to the purchaser Trratee's dad moveYfng the Properly sold. The recitnN W
<br />the Tresree', deed aYall k prise lade evidence of Ibe trnth.ot the atatereots sortie tberdo. 1'rwta shalt apply the procea4 of the-sa4 ie the
<br />[otWrriatg order: U) W aU reaatrtuble etMta rod eapera of Ibe nle, iaeludiog, but sot tlmiled to, Truslee'a tea of cot sore tbea ..~.. 3_..-._°k
<br />of the groan sak prke, sxnsoM.We aftgrraFy'a-tea rod coa4 of tick evidence; (b) In all suss secured by tbta Deed of TrM; rod (t) the exttas, it
<br />uY, to the peraoour.penrr_kgally ertltMd therstu.
<br />14. Brrrnwer's ltighi to lia(rlrak. Notwithstanding Lender's aca:elaration of'the stuns serurad by this Deed of Trust, Borrower shall have
<br />the tight to bony any protxeiilt[gs begurt by Lendtr to rnforce this Deed of Trust discantinuiY! at any time prior to the eaeliar to occur of (i) the
<br />ftflh slay before the attic of tits Property pursua~t.to tlrepowcr of sale caerainad is this Deed of Trust err fii) enmy of a judgmrnt anfaclug this
<br />{Sind ttf Trust if; (a) Borrower pays Lander ail autos witlctt would be tlraa duce entices this deed of Trust, the Nota and notes securing Future
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