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<br />4. fnndemnrikrn. lixe proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or other taking of the Propetty, or pan thereof, or foe conveyance in tied of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In fie event of a rota) taking of the Property, the proceeds shall Pe applied to the sums secured by this Deed of Trust.
<br />with the excess, if any, paid to Borrower- in the event of a partial taking at the Property, unless Borrower and Lender
<br />otherwise agree #n writing, there shall be applied «r the sums secured Py this Deed of Trust such proportion of the proceeds
<br />as is equal to that proportion which the amount at the sums secured by this Deed of Trust immediately prior to the date of
<br />raking bears to the fair market velar of the Property immediate{y prior m the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />{f the Property is abandoned by Borrower, or iC, after native by !.ender to Burrower that the condemnor offers to make
<br />an award ar Bettie a claim for damages, Borrower tails ro respond to Lender u={thin 30 days after the date such notice is
<br />mated. Lender is authorrzed to collect and apply the proceeds, at i_endar's option, either to restoration ar repair of the
<br />Property ar to the Burns secured by this [7eed of Trust.
<br />Unless t.ende: aad Borrower othenvtse agree rn wrireng, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly snstallmrnts refsrred ro in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. 8xtrnsion nE the time for payment or modification of amortization of the sums secured
<br />by this Deed of Trust grained by Lender to ant successor is interest of Rorrawrr shall not operate to relrase, in any-manner,
<br />the liability of the original Rormwer and Borrower's successms 4n interest. Lender shall not be zequirpd to commehce
<br />praccedtngs against such successor or refuse to extend time far payment or otherwise modify atnortizafion of- the sums
<br />secured by this Deed of Tntst by reason of any demand made Py the original Borrower and-Borrower's successors in: interest:.
<br />] /. ~F'orbeanltce by [xwder Not a ~Yaiver. Any forbearance by Lender in exercising any righ[ or remcdghereunder;-ar
<br />otherwise afforded by applicable law, shall not be a waiver of ar preclude the exercise of any sued right-or remedy,
<br />The pnxurement of insurance or the payment of taxes ar azher liens ar charges by Lender shall not be a waiver of Lender's
<br />right to arselerate the maturity of the indeP[edness secured 6}' this Daed of Trust.
<br />i2. Remedies Cnmuiatire. .Ali remedies prac+drd :r. this Deed of Trust are disunci and cumtdative to any otber.right
<br />or remedy under this Deed of Trust ar afforded by taw or equity, and may be exercised concurrently, independently qr
<br />successively. - -
<br />i]. Snectsaors and Ass#gm Bound; 3otnt amt Serera! C.WbOify; t'aptioos. The covenants and agmernahts-heroin-, _
<br />.omained shall Pind. and the righu hereunder shall inure io, the respective successors and assigns of Lander and' Beriower.
<br />subject to the provisions of paragraph t? hereo# .Ali covenants and agrarments of Barmwar sbaii lie'-joint-and. several.
<br />'The captions and isradings of the paragraphs of this Deed of Trust era far convenience only and are not'm he_:used-. td
<br />tntcrpret ar deftne the pravisians hereof_
<br />t4. Notice. Except fez any noeicr reyusrad tinder applicable taw- to ix given in another manner. (a} any- notice- tp
<br />Rarrowrr provided for m this Deed of Trust shag be given by maibng such notice by certified- mail-addressed to Horrpwer at
<br />the Property Address ar ai such other address as Borrower may designate 6y nonce ro l..endec as provided herein;:and-.
<br />Eh) aay notice to tsndar shad era given by cettibtxt matt, return receipt rretntstzd, to Lender's address'statadihera]ri-or-tb
<br />sash other address as Leader may drxignatx by rtaf#ce to Bnrrnwer as provided herein. Any notice provided= for ih this
<br />Hard of Trus[ shall ba deemed #u have been green #a Aurrawrr ar i.a:ader when given in the Mannar designated. herein.
<br />iS. Uelform i)red of Trust: forcnirtq Law; SeverabBby. This farm of deed of trust combines uniforrh covenants-for
<br />nauanai use and nna-vatiorm cavvrnams wuh htttitad uarratians by jurisdirtian to canstitvie a uniform security instrument
<br />c.'>vrring real prapany. Tttis Decd of Trust sbaii tx gascrnrd by rho taw at the jurisdiriion in which lhr Property ~ts located.
<br />in ttte avcm ttsat any pravssaon or clause at thrs Dcxd of T7tut ar the Note dant]icts with applicable law, sur}t contliG. shall
<br />nor affect other provtstons of thts Deed of °rust or the Note which car, br given atfxt without the conflicting provision,
<br />and ux flees and [I#e provrvaans at the f]red of Frvst and floe idaxe are dre-iarad to br sevrrahie.
<br />16. Borrower's f-t+lT• Rarrvwer s3raF1 be .--aarnxsttad a czmtxzrmx.~€i copy txE the Note-and--~ofthi3 Deed-pf-TrusL:at the time-- - -
<br />of exrrut]on ar after t'errxsidatian hereof. -
<br />i7, Tnat3er of the R ] parmtrptbn. if alt ut anY part of Chc Props€Cy or alt intrresx therein is sold or i r¢nsfr~red-_ --
<br />hv Borrower withourixncterpriar wtitten-cottsaat, axcindkst~ tat the crcatton=af-'a-}taw a~ rorum6rancr subordirlatt" ~fn
<br />this. Deed of Trust, ;4} she crcauon of a purchase mcmry sreunty interest far bousahaid_appiianeas;. (e) a transfer by devise.
<br />dascrnt or i?y opuaxian of law u n the death of a ;cent tenant ar idJ ihagraat of,any teaa$hald-Iptrresi n4 three veers or Icss
<br />not containing an apuon to {{rurehase, Lertctee mag, at Letrdera optitm, deeL2rG alt tbe'su#ns secured=hs this Dced of Trust to be
<br />smmediatcly dne and payable. Ie[[drt shalt have watvrii such option to aaceleraia if; prior -tp tlx sate or trnnsfer, Linder
<br />and the pers<*n to wham the Praprtty is to be soFd err [rata leered rcaah agttrmanl. in writingg That the Gtudit at ,uch person
<br />rs axttsfaetoty° to t,.ernirr axsd char file iat..rest payable nn the Burns secured 6v this heed:¢rf Trust ,hall eta st such rate as
<br />i_ender shat! rec]trax. Lf Lender bas valved the apttan to accrtrrata prcrvided 3nahis pg?agtapL.17, and if Hornxtver's wcccssor -
<br />aw trsterest bas axeru#tm a wtiitan assumptive agreentrnt accepted itr writing by lender; I.eniiaa zbait rtteasaBiSrrawcr from
<br />at] obi#gauons under this t}crd at Trust amt for Niue. -
<br />if Letuler axarciscs surd apgcm to accetrrrr~ #_rx#dar shelf rnait Barrawar unties of ae:caicratibtt 3a aeoordancc with --
<br />prvagraph to tsnrt~t stttdt noticesbaii pro~~r a ~ericxi ;,f- real t€ras than 3R €fa}'s from the date e3#~ nofiae s-ntaifed within;
<br />which Harrower may ppaay the sums declared due, if Rar*rwrr faits to uay such sums prior-tn the rxplrationnf-such period,
<br />]xndtr may. without further na#xce ar dtmattd a=n Rorr+twrr, cove kc an}• rrmtdira permuted. by paragraph 18 hereof. - -
<br />NaN-]J*s#raaxn C'ovt:xsnrs Harn°wer and i_rndGr tutxher eovrnam.artd agree as fellows= -
<br />]8_ Aceekrat]on; Remedies. F=zcept as pnridrd iw prraRnph 17-Aereofy neon-Borrower's brtacb'of-bgpr coveriaat~ar•
<br />agreement of Bartawcr in fhb C)eed of "Crust, includitsR- the ravtaaats to pay when duo. asp sutras secured by this-:Deed-
<br />of Trust, i,endcr prior in arcrkntk#a shall mail not][Y tn.Bwrawrr as..yrosidrd in paragraph 14 hereof -sperifp°ing.'(1) -ibr:
<br />breach; (2i for artioa regnircd fa ..'art surd brearht (3I a daM, oat Irxri [}tan 30 days fram:thr date thcniltiee b mailed- to
<br />Borrower, by which such ttrrack attw br tared; and (#i tltri faiturc to colt sash hrege6 nit nrbriforttM1e dak sperified'-
<br />in ibt notice may result in accrkniiau of the wnxc secured 4?` this i)erd af.'Ccus#-and sale. of the Pkaperty, The_Holier
<br />vfxail furlhrr iafarm Harrower at the right to rrinsiatr after arrc]rntion and the right io br{nR a caurl. actipn. to asettt
<br />for rauvrxbtrnrr of a drfaah ar anp athte dcfease of Bnrrowar to arrrkrriinn and sale, [f the breach is not. rnred-
<br />oa wr-befxxt the date .prriHed in the aotkr, [xnder si hrudrS s aptan may dchlam al] of the sums secured by this- ~ecd
<br />of 7'rast fa be imaradiritlp due aad payafur without fwrtbrr demand and may hrvokr tht paver of sate and any other remedies
<br />permitted by applkabk taw, t.rnder shriF 6r entitled kr ra0ret ail rrasnnabie costs and expeasrs dnrumd ]tt pursuing the
<br />rtasedks pra+"idrd in thin parayrapb 18, iarludiag, but vat limited to, reasuaabk ritarneds Eees. -
<br />I# the power of Bak a invoiced, Truster shat] record a lather rr] dtfauli in loch ronwtp in which fbe Property or some
<br />pert thereof a located and shalt maB copies of surd rtatice in the moaner prescribrvt by applicable law to Borrower aad to the
<br />other persam prrarribed by appiirabk taw. After the laps- of wch time as may be raqutrtd by applicable taw, Trustee shall
<br />g]vt pa613r notice of sake ra the prrsaas aad is the rwrattcr prescribed by applicable taw. 'Coster, without demand an
<br />Barror•tr, shall sell the Property at public auetiow to the hitthrst bidder at the [Lrte and place and under the trrnts designated
<br />iu the mMirt of sale in oar ar rrsorr pprcrls amt ]n :urh order as Trurtee map drterm#rte, Tester map postpone sale of ail
<br />ae aay parrtl of the Preperry by pubtte aonounremrnt at for bast etsd place rat anp previuuslp srhtdtt]td Bait. !.cedar ar
<br />ltndcr~ designee may- purakaae tht. Prtrpcrtp- at anp Bak.
<br />t't~a r+sceipt at payment wt the pritt hid, Trustet siueti de]iver to the pacrttaxtr 'Ctuxlrt'h deed avravtMog the Pnrpaxtp~
<br />~d_ f ht rrciitals Itt for Tnntti~t'x da9yi stwii be prima fork t~idener of tl[r truth cd #br statrraams made therein. 'Crf#ratrt
<br />siatN atNeMp" tSsr prorrtsis wf the Bak ~its-tbt taRowmg ortkr:-±at tw a0 rrasawabk rusts attd exptastx ttt the jak, InMading,. Irut
<br />raw lemntd m. 'f"tttsttar's flex at. awl nacre #ban. v; wt !t# atf the gtvns safe price. reatatnaNe atxararp's ft^eS. aad roses at [Lie evfdanct:
<br />t'tr, n. al! ,awsa srcxur6 by 141v th:rri wfTrt#st: alai tsi the rzt~ss, if sap, ter file prt'srm xa' persvats #x~a]i} tntitied xhetr4t.
<br />!4, tkrrrwwrr's. Right m Reiaslatr> `vcywltttstandiag ]_t.nder'4 ae€ricrstitan rat tttr 3asnu ,v^cared by this Deed ajt 'Trost.
<br />tkxr+rx•cr . quit h"svc '.t=:~. right [w have any {trs?creahni{s ixgern by Lender to cote=rte this Deed cN 'Intst ,:Fixosairnurd at
<br />a'nyr et,rc i;r,;,r ra the car+«rr to rx:cttr cf H) the frith dog Prtatr the sate r,t [hr Ptonrri}- pxtrsoant in the peace of sate eCmttoned
<br />;xr €hxv t?. ~,t at ttrxct .:r +,~. t.,try,.nf a tudgntnm e~.nf+vring this t.trrd of -Fruit a]. fat Barrnwer pag•+ tesxdsr :iii suers wtweh wtxr#d
<br />itr then ,i. _ ~m.kr 0=~:. ttcrd €i "IiErst, :}at Aare .end n4tfrs sr+sssYrng Funerr Adraneta_ tT any. lead nc a~cc5crauon scr'ursxsf
<br />,$,} itxrrr +"r _~n r. alt k;rtaatt~, ra€ any att#.x~ t'ervcxaants err agtacments s±f ikxrower ;cwvaiactJ ns thts Dced of lr[.:£t.
<br />'c`7 fk=era= . a$ r,:+xanatdc~ taprtrsvs €acurred bF IxtSS#ar aad Tr;+siea to cnfzcrnng the ..oven tMx snxl :sctremenry rat
<br />13air'.,4.: ,~: °ttes iXrtd rt! "frtxt sr#d an c~rSt?rktng Lcnx#rr=~ and 't"€tsrcra rn:mrcties an {?r+?v r:tad :n tau agt'ata#a tH
<br />irrza~~t to ~ rep rl~SVa ttss€ t=roared tc. rtasweah#r cruca°nrs'{ t€ce; xnd {set }'sarr~vrrr ;akev Fawn Y-ttCn ~as 1 =nder nun z--~ s°naf,ty
<br />rgna p ..~.- mat fF'r'c frr-rY sal tAex Ctcv.+ri t±f ~]"rare€. ] „ntCx-g'€ =.rzr -rxxt str riac Paepvd~t4 at~cT t#orr:3 _ . ~=P(iyratirx: 1.• se
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