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84,. 002129 <br />9. Cotrteraaellrr. The proceeds of an}• award or claim for damages. dtrcct or conxquennal. m connection with any <br />cotdemoation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned <br />std dull be paid to Leader. <br />In the event of a tool taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust. <br />with the excess, if any, paid to Boroower. In the event of a pantal 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 the procceds <br />as is wl to that proportion which the amount of the sums secured by this Deed of Trust immediately prior to the date of <br />taking bean to the fair market valtx of the Property tmmediately poor to the date of taking, with the balance of the proceeds <br />paid to Borrarver. <br />If the Properly is abandoned by Borrower, or if, after notice by Lender to Bortower that the condemnor offers to make <br />an award or cattle a claim for damages, Borrower fails to respond to lJender within 3t) days after the date such notice is <br />mailed. Lender is authorized to collect and apply the proceeds, at I-ender's opuon. either to restoration or repair of the <br />Property or to flee sums severed by this Eked of Trent. <br />Unless Lender and Borrower otherwix agree m wrung, any such apphcatton of proceeds to principal shall not extend <br />or pastpoix the due date of the monthly installments referted to in paragraphs I and 2 hereof or change the amount of <br />suchh irntallmeou. <br />10. tloerswer }Val RekaaN. Extension rat the came for payment or modification of amortization of the sums secured <br />by this Deed of Trust granted by Lender to any successor m interest of Borrower shall not operate to release, in any manner. <br />the liability of the original Borrower and Borrower's successors m interest. Lender shall not be required to commence <br />proceedings against such succeswr or refuse to extend nine for payment or otherwise modify amortzation of the sums <br />secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest. <br />11. ~Perberaere by Leader Nd a Wirer. Any forbesrancc by Lender in exercising arty tight or remedy hereunder, or <br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. <br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not he a waiver of Lender's <br />right to aettlerate the rnatunty of the indebtedness secured by this Deed of Trust. <br />IZ Reredks C.rrrlaelre. All remedies provided m this flied of Trust are dtsunct and cumulative to any other right <br />or remedy udder this fked of Trust er afoorded by law or egmty, and may be exercised conctirrcntly, independently or <br />srtccasivety <br />IJ. Saeeerara aed Attrps bred: lalrt sad Several l.fabBW: CapBwa. The covenants and agreetttents herein <br />cannined shall bind, and the rights hereunder shall inure to. the respecuve successors and assigns of Lender and Borrower, <br />sub-ect to the proviseom of paragraph f 7 herea. All covenants and agreements of Borrower shall be joint and several. <br />"Ihe captions and headings of the paragraphs of this Deed cat Trust are for .-onvenrence only and arc not to Ix used to <br />interpret or define the provolone hereof. <br />Ia. Nrlke. Ezcepe for any nohce required under applrcabte law ro be given m another manner, (a) any notice to <br />Bortowtt provided for in this Deed of Trust shah be glen by marking such nonce by certified mail addressed [o Borrower at <br />the Property Address or at such other address as Borrower mav_ designate 6y notia ro Lender as provided heteio, std <br />tbl any rioti~ to I_ettder shall be given by certified mail. return receipt requested, to Lert~r's address sated herein or to <br />such othu address as Lender may designate by nohce to Borrower as provided herein. .Aay notice provided for in this <br />Deed of Trust shall M deemed to have been given ro Borrower ar Lender when given in the matmer designated herein. <br />It. LhtNerw Dad d Trar; GonrWg law; SrrerabMMq. ('his form of deed o[ trust combines uniform covenaMS for <br />national use and non-uniform covenants wnh limned vanahans by µirisdtction to constitute a uniform ucurity imtruteent <br />covering real property. Thu Deed of Trust shall be governed by the law of the lurisdietion in which the Property is located. <br />In the event that anv provision or louse of this [ked of Tnnt car the Notes conflicts with applicable law, such conflict shall <br />not aflea other provoiom of thu Deal of Trust or the Note which can 6e given elfect without the conflicting provision, <br />and ro rho end the provtuom of the Ueed of Trent and the Note are declared to he severable. <br />li. larmwee's Copy. Renewer shalt be furnished a amtnrmed copy of the Note and of this Deed of Trust at the tune <br />of exectnian or after recordation hereof. <br />IT. Trwrfer d Ibe Pwlwty; ArrrpYaa I( all or any pan of the Property nr an interest therein is sold err trattsferted <br />by Borrower without Loftier s prior written u~menL azcluding (a ! the creation of a lien or encumbantx subordinate to <br />this Deed of Twat, tb) the creation of a purchase money security interest far household cepppGang, tc) a Vaesfer by devise, <br />6exeat or by operation of law upon the death of a feint terrain or 1 d) the gent of any IeaaaltoW interest of this yeah or leas <br />not ~truining an optmn to purchase, Lender may, at I ender's aptino, tkclarc all the sutras secured by this flied. of Trtut to be <br />immediately due and payabe. Eerier shall have warred such option m acceknte if, prior to the sak or tamfrr, I.ertdor <br />and the person to whom the Property is to M sold or rraniferred reach agreement in wntisg that the credit rat such perswi <br />is saliafactory- to Lander and that the interest payable nn the sums secured by This Dead of Trust shalt be ai sash me as <br />I_.eirder shag request. It Lender has waived the oluion to accelerate provided in this paragraph 17, std if Borrower's stteeawr <br />m interpt has executed a written assumption agramcm arttpled in venting by lender, Leader shall rckam Borrower from <br />all o6ligatioto under this Deed of Trost and the Notc- <br />If Leader exercises such option to accelerate. I ender shall mail Borrower naive of accckration in accordance with <br />patagnph 14 fiermt. Such nonce ahaB provide a pitied of not less than JO days from the date the ttWice is ttraikd tMilhin <br />which Borrower may ppaay the sums deciaraf due. 1+. &rrrowar furls to pay such suttee prior to the expiation of sttdt period, <br />[.ender may, without funkier ndit;e or demand on Borrower, enrolee any remedies permitted by palagapii I B hereof. <br />NON-UN(vaext t'OraNaNT3 Borrower ami Lendtt further covenant and agree err fellows: <br />la. Aecekrrfw: Reredks. Fascept r prsvided i. paragrapi 17 haerf, caper Ranrvrer4 braaeb of ay eeverarts <br />agrarrrewt of Rrtrrwer it ibis Deed of TraM, iweftdsg the corr~ttaMa Io pay wbsu ire sy attt~s satrtai ley Ibb I1tNi <br />d Treat. Leader prior to accekrrioa stall [toil rdire to brrower as provided i. psrrgeaph 11 heeeaf geelfylegs p- Ne <br />Iwea°b; t2) for rcGar re~[titd to rare such brracb; cal • Dale. wl leas lbw 30 Myf freers Ha dale tits ralttxe 4 ~t-N <br />bmswer, bt wbicM sorb MeacA rw be cure/: and N- tAM failrrc Ice cure stab bnaeb oa or 6efare Iltt dale apaaiMtl <br />is Ik aotice tear mud[ in arcelerriar of the weer coerced Dy Ihir [ d of TrrM Gaut sak d He Prepesly. The ralirt <br />sbaY frrlber irtorr btrower d the right tv triwstate after arcekratiow sad the right to bring • eoM arlisrt to scale <br />the roes-exiNerce of a defult or awy dber defertte of brrower to arrtkratior aft/ sak. If the 6reacb is rr cttnd <br />or a befoee the dale specied is the tarske. I.ewdn n header's uptiar ray declare aY d flit wtaa seemed by dtk Deed <br />d Trait to be irtrediatdy dw ttrtd payable witbrs furtbn deraad aed ray ievohe the power of sak asd wy ilia rcaaaHa <br />peerilled by applicable kw. Eerier shall be eritled to crtNect a8 reetooable costs sad eaptears iaictrrred ht paassieg 16e <br />reeted'les previded ie ebb paragraph Ig, isNtrdhg, br net br4ed tor. reawttobk rsarrey's lea. <br />!f the prwer d sole ~ ervrked: Trwee shag record a notice of defaWt in each cotrady is whkM the Properly nr some <br />pars Iheeerf 8 Mtralyd red sbaY soil rapier d srcb edice ie the wtaswer preacribN by ttpplkrMe law r Raarowa aei to fife <br />either persona ptasctihed by applicable kw. After the lapse d such titre r rev Ire required by applicable kw, Tierra ahaN <br />give prbYr rtstiar d sak to the penaas rid it the wraweer prescribe) by appikabk law. Traipse, wi11rW deatatW or <br />Mrrwec, riaR rice the -r.pepy r ptablie rtnittri r t4 6ithest bidder r the fire std pbrc and osier the terse desipred <br />is the raske rat sak N ose err etnre prcek asd M srcA order as Ttrpee euy dererrtiae. Truro ray paslpase sak of o8 <br />or cry paste! at the Ptrpetsy b prYlic irarercesser r the titre cord phsee of asy preriowly srbedrkd sale. I.tadsr w <br />I.esdeea det~ase ~ parchttae the Property r awy sak. <br />Upatr rrssipl of pryrset nr its pricer hrid, ~frwke shall ddirer to fete purchusr Trtsaee's drat trowveyhtg the Proparty <br />+alt. t'Ms resitak is the 7Yrslse~s died shall in prim frrie e.idsecr of flee trslb nr else atalessrrts tttade fhereia. 71'trrss <br />rboY apply lbt prwaaM d the v.k in ibe Follrwirg wrier: la) to erg reaeorabk costs aed capessa cat the silo, irchdiag, bW <br />aces Iitrilad Mr. 7lrrake'r Tres of ant sure rhea aid 1~ d the terrace ark prier. reriorable Mtnrwey's fen asd cars d tick rritkece: <br />tbt w all sites raised by thin eked d Ttsrp; and iii the eaceaa, if asy. to the prrtroa or pretsaaa klpiuy entitled theraau. <br />H. tgarrowar'o RiW M Reiaatate. Notwuhstanding /.rritfer`s accelerattun of the Bums secured by flits Deed of Trust. <br />Mor'rower shall have the right to have »ny proceedings begun by tender to enforce this Dtrd of "trust drrwnhnued at <br />any tutee prrsx to the ear#ier to xcvr of ii} the fifth day hetare the sak rat the Properly putsttant to the power of ,sak contained <br />rn tlua (hied cif Trost car UH a»rry of x Ixutgnrem rrarnrcxttg thro [?s~i of l~rrnt if ~ lai Bnttowar pays lender all evicts which wnrdd <br />Ire tha+ dos unrkr thu [kid of 'Rrrat. the Nrxc and notes securing Fuhrre Advances. ~f any. had nn acceleration ixYUrrcd: <br />(irf BnrrawM cures aB broacher nl atry other covrnants r+r agreements of Burrower c«ntxinrd sn flits Iked of Trust: <br />tcf Borrower payv all rearonabk evpenrcc inrurrrd by 1 eaider anJ 7 nester in enforcing tlrc .:ovenants and sgrerrmcnts of <br />&+rrower crxuauied an this LkW of "[trot anti w enhcnang Lender-s ;end Traatee-: rrrtiedics as pnevrr#ed m paragraph Ix <br />ticrrd, tni=hetfirg, bras nrst Irmucsl h+. reawnabk atrorrrsv"* Ires. aani tit Bexrc+wer takes Stich arinu+ as Lrtrder may rruvnnat+Iv <br />rtgrute to azruts tt»t t#ic lien of ihts lkXd ui 1 toss- I ender s interest u+ the Prapcnr and Bntmwrr-s ohhguneve n+ pas <br />