<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
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