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<br />9. Condemnation. "fhe proceed, of any award or claim for damages, direct or consequential, in rnnnection with any <br />condemnation or other taking of the Pro{x:rty, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned <br />and shall he paid to Lender. <br />In the event of a total taking of the Property, the proceeds shalt beapplied- to the sums secured by this Deed of Trust:: <br />with the excess, if any, paid [o Borrower. In the event of a partial taking of the Property, unless-- Borrower -and-- Lender <br />otherwise agree in writing, there shall be applied to the sums secured by this Deed of Trust such-proportion of tlieprocads• <br />as is equal to that proportion which the amount of the sums secured by this Deed of Trust immediately priorto-the date-oL~:- - <br />taking bears to the fair market value of the Property immediately prior to the dale of taking; with the batance of he proceeds <br />paid [o Borrower. -- <br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrowecthatthe condemnor.o(krs to make <br />an award or settle a claim for damages, Borrower fails to respond Co Lender within 30 days-after the date-such notice is- - <br />mailed, Lender is authorized to collect and apply [he proceeds, at Lender's option, either to restoration or~ fepair of theme -- <br />Property or to the sums secured by this Deed of Trust. - - -. <br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds-to principal-. shall -nor~extend - <br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or changt-fhramount-of~ <br />such installments. . <br />10. Borrower Not Released. Extension of the time for payment or modification of amortizatimroFthe-..sums--secured <br />by this Deed of Trust granted by Lender ro any successor in interest of Borrower shall no[ operate to release,--inany-[Wanner, - <br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not berequired-ta:'cammence <br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortizalion.~ofthrsums- -- <br />secured by this Deed o(Trust by reason of any demand made by the original Borrower and Borrower's successors i^interest.- - <br />I1. Forbearance by Lender No[ a Waives Any forbearance by Lender in exercising any righhor remedyhereunder~or - - <br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such righR or-remedy. <br />'The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's-; - <br />right to accelerate the maturity of the indebtedness secured by this Deed of Trust. - - <br />I2. Remedies Cnmulatire. All remedies provided in this Deed of Trust are distinct and cumulative to-any-other_righl <br />or remedy under this Deed of Trust or afforded by law or equity, and may be exercised concurrently; indepeWdently%or <br />successively. - - <br />/3. Successors and Assigns Bound; Joint and Several Liability; Captions. 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 bejoin[-and. several: <br />The captions and headings of the paragraphs e( this Dced of Trust are for convenience only and are not to be used `ta <br />interpret or define the provisions hereof'. <br />14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any.nolice.to <br />Borrower provided for in this Deed o[ l'rust shall be given by mailing such notice by certified mail addressed to Borrower at <br />the Property Address or a[ such other address us Borrower may designate by notice to Lender as provided herein, and <br />(b) any notice to Lender shall be given h}^ certified mail, return receipt requested, to Lender's address stated herein or to <br />such other address as Lender may designate by notice m (Borrower as provided herein. Any notice provided for in this <br />Deed of Trust shall be deemed to have been given m Borrower or Lender when given in the manner designated herein. <br />15. Uniform Deed of TntsG Governing Law; Severability. This form of deed of trust combines uniform covenants for <br />national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument <br />covering real property. This Deed of Trust shall he governed by the law of the jurisdiction in which the Property is located. <br />In the event that any provision or clause of this Deed of 'Crust or the Note conflicts with applicable law, such conflict shall <br />not affect other provisions of this Decd nF Trust or the Note which can he given elTect without the conflicting provision. <br />and to this end the provisions of the Deed of Trust anJ the Note arc declared to he severable. <br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust at the time <br />of execution or after recordation hereof. <br />17. Transfer of the Property; Assumption. ]f all or any part of the Property or an interest therein is sold or trans€erred <br />by Borcower without Lender's prior written consent, excluding ta) the creation of a lien or encumbrance subordinate to <br />this Deed of Trust, (b) the creation of a purchase money security interest for household appliances, (c) a transfer ¢y,devise, <br />descent or by operation of law upon the death of a join tenant or - <br />Lender may, at Lender option, declare all the sums secured by this Deed of Trtiscto-be . <br />immediately due and payable. [sender shall have waived such option to accelerate if, prior to the sale or transfer, Lender <br />and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit -of such person <br />is satisfactory to Lender and that the interest payable nn the sums secured by this Deed of "Crust shall he at such -rate as <br />Lender shall request. If Lender has waived the option to accelerate provided in this paragraph 17, and if Rormwer's successor <br />in interest has executed a written assumption agreentem accepted in writing by Lender, Lender shall release Borrower from <br />all obligations under this Deed of Trust and the Note. - -------- ~----- ...,-. - <br />lf Lender exercises such option to accelerate, Lender shall mail Borrower notice,of=aeeelera[ien'iW`aceoYdanee witjt <br />paragraph 14 hereof. Such notice shall provide a period of not less than l0 days frorm.the date'theFnotice:is,.;maileil withiW <br />which Borrower may pay the sums declared due. If Borrower fails to pa} such sums prior-to fhe_expiration of such period, <br />Lender may, without further notice or demand on Borrower, imttke an} remedies permitted~by-paragraph 18-hereof. - <br />Nort-UNteoaxt Covetvntvas. Borrower and Lender lurther covenant and agree as follows: <br />lg. Acceleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or <br />agreement of Borrower in this Deed of Tntst, including the covenants to pay when due any sums secured by this Deed <br />of Trust, Lender prior to acceleration shall mail notice to Borrower as provided in paragraph I4 hereof specifying: (1) the <br />M~each; (2) the action required to cure such breach; (J) a date, not Ins than JO days from the date the notice is mailed to <br />6orroweq by which such breach must be cured; and (4) that failure to core such breach on ar before the date speci0ed <br />in the not)cr may result in acceleration of the sums secured by this Deed of Trust and sale of the Property. The notice <br />shall further inform Borrower of the right to reinstate offer acceleration and the right to bring a court action to assed <br />the non-existence of a default or any other defense of Borrower [n acceleration and sale. If the breach is not cured <br />on or before the dale specified in the notice, Lender of Lender's option may declare all of the sums secured by this Deed <br />of Trust to be immediately due and payable without further demand and may im~oke the power of sale and any other remedies <br />permi/led by applicable law. Lender shall be entitled to collect all reasonable costs and expenses incurred in pursuing the <br />remedies provided in This paragraph 18, including, Dut not limited to, reasonable auorney's fees. <br />If the power of sale is invoked, Trustee shall record a notice of default in rrch county in which the Property or some <br />part thereof is located and shall mail copies of such notice in fhe manner prescribed by applicable law to Borrower and to fhe <br />other persons prescribed by applicable law. After [be [apse of such time as may tee required by applicable law, Trusfee shall <br />give public notfce of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on <br />Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated <br />in the notke of sate in one or more parcels and in such order as Trustee may determine. Trustee may postpone sale of dl <br />or any parcel of the Properly by public announcement at the time and place of any previously scheduled sale. Lender or <br />Lender's desisnee,may purchase the Property at any sale. <br />Upop receipt of payment of fhe price bid, Trustee shall deliver to fhe purchaser Trustee's decd conveying the Properly <br />sold. The recUals in the Trustee's deed shall be prima lade evidence of the truth of the statements made therein. Trustee <br />eYW apply tYe proceeds of fhe sak in the folbwi~ty order: (a) to all reasonable costs and expenses of the sale, indudir[g; but <br />wol Nmitcd lo, Trustee's tees of not more than ~./ 1 of 1 S'o of the gross sale price, reasonable auorney's fees and costs of <br />tifJe eyHenca{b) to aB sums securted by this Deed of Trust; and (e) the excess, if any, to fhe. person or persons legally rnlftkd <br />tberelo. <br />19, Borrowers Right to Reiustiak. Nniwithstanding Lender's acceleration of the stuns secured by thts Dced of Tnts1. <br />Borrower shalt have the right to have any proceedings begun by 1_ender to cn(orce this Deed of Trrst discontimted at <br />any time prior io the career to occur of (i) the fifth day before the sale of the Property pursuant to the power of sale contained <br />in this Decd of TrusF or Qi) entry of a judgmem enforcing this Deed of Trust iC (al Borrower pays Lender all sums which would <br />he then dtm tinder this Decd of Trost, the Nmr and notes securing i'wure Advances. tf any, hail no acceleration Incurred: <br />(b} Burrower sacra all beaches nt any other covenants or agree-menu of Borrower rontnined m thts Dced of 'trust: <br />tc) Borrower pays ati reasonable expenses incurred tzy Lender and 7r-uvt -a in enforemg th ovenant. and agreements of <br />Borrttwcr ctntained in tb~s Dced of loos[ sad in enforcing Lender's ~ u f TnrWt- c < rcmcdir -. pr;av,dcd ro paragraph 13 <br />hertot. irtcludiag. bu; rent htnrte~d to. +'easonattla nascency', fecti: and tdt Oorruwar takes ,uth ncuon a, Leader mar reasonal?Iv <br />regt~n; R~ assure #hat the hen cif the Dced of Truaa. Lrndrr-s interv_at rn the Pro}xrt}- and tiorroc.rr', c.hlig:nion to pay <br />