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<br />83- 002580
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<br />9. ,_CondemnatiO.a. The proceeds of any award or claim for damages. direct or consequential. in connection with' any
<br />condemllation or otbcr taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to tbe sums secured by this Deed of Trust,
<br />with tbe exces.s, if a..'!y~ paid to Borrower~ fn the event of a partial taking: of the Property, unless Borrower and Lend~r
<br />otherwise agree in writing. there shall be applied to the sums secured by this Deed of Trust such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by tbis Deed of Trust immediately prior to the date .of
<br />taking bears to the fair market value of tbe Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by l.ender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such. notice is
<br />mailed, l.ender is authorized to collect and apply the proceeds. at l.ender's option, either to restoration or repair oftbe
<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 not extend
<br />or postpone the due date of the monthly installments referred '0 in paragraphs 1 and 2 hereof or change the amounlof
<br />such installments.
<br />10, Borrower Not ReIe....... Extension of the time for payment or mndification of amortization of the sums secured
<br />by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release, in. any manner,
<br />the liability of tbe original Borrower and Borro-wer's successors in interest. Lender shall not be required' to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization 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 />II. Forbeara1lCC by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hercunder, 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 be a waiver of l.ender's
<br />rigbt to accelerate the maturity of the indebtedness secured by [his Deed of Trus[.
<br />12. Reate<Ile$ Cumulative. All remedies provided in tbis Deed of Trust are distinct and cumulative to any other right
<br />or remedy under this Deed of Trust or afforded by law or equity. and may be exercised concurrently, independently or
<br />successively.
<br />13, Sutt_ and AuIxns Bound; Jotnl and Several Llabillt)'; Captions. The covenants and agreements herein
<br />contained shall bind, and Ibe rigbts hereunder ,hall inure to. [he respective successors and assigns of Lender and Borrower.
<br />sobject to lhe provisions of paragraph 17 hereoF. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Deed of Trust are for convenience onl~l and are not to be l1.'ied 10
<br />i nlerpret or define the provisions hereof.
<br />14.. Notiu~ Except for any notke required under appli<,',abJe faw to be given in another manner, (a) any notice to
<br />Borrower provided for in this Deed of Trus[ shall be g",en by mailing such notice by certified mail addressed to Borrower at
<br />[he Property Address or :u such other address as Borrower may desIgnate by notice to Lender as provided herein. and
<br />(b) any nolice to Lender shall be given by cer'ified mail. return receipt requested. [0 Lender's address stated berein or to
<br />such other address as Lender may designate by notice '0 Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust shall be deemed to have been given to Borrower or I.ender when given in the manner designated herein.
<br />15. Uniform. Dftd of Trust; Govt!rniltk l..aw; Severability. Thi<i form of deed of trust combines uniform covenants for
<br />national use and non~uniform covenants with limited variatiom hy .Iurisdiction to constitute a uniform security instrument
<br />covering real property. This Deed 01 Trust shall he govern.d by [he law of the lunsdiction in which the Property is located.
<br />In the event that any proviSion or clause of this Dt.-ed of Trust or the Note i,:onfhch with applicable law, such contliet shall
<br />not affect other provision! of this Deed of Trust or the Note whic.h can be given effect without the conflicting provision,
<br />and to this end the provisions of the Deed 01 Trust and the Note are declared 10 he se\'erable.
<br />16.. Bocrowe-r~s Copy. Borrower shall be furnished it t.:oniorml."(j copy Qf (he Note and of this Deed of Trust at the time
<br />of eXecutIon or after recordation hereof.
<br />11. Transfer of the Propert,.; Aaumptioo. If aU or itny part of the Property or an interest therein is sold or transferred
<br />hy Borrower without Lender's prior written consent, ex.ciud16g (a) the- creatioll of a lien l)l encumbrance subordinate to
<br />this Deed of Trust. (b) the creation of a purcha\e money security inte-resl for household appltances. (c) ~l transfer by devise,
<br />J~ent or by operation of law upon the death of a j(,.int Ie-nam nr t J) the grant of allY leasehold interest of three years or less
<br />not eoutil.ining an option to purchase, Lender may, ;H I ender\. \JpU\WL Jedarc all the ~.ums secured by this Deed of Trust to he
<br />immediately due- and payable, Lender. shaH ha"o-c waived such OptlOH fOc' accelerate if. prior to the sale or transfer. lender
<br />and the person to whom the Property 1S- to tX' j)olJ or transf~rrc,J r~a..;:h agreem~nl in wruing that the \:redit of such person
<br />is satisfactOry to Lender and that the imert.'St payable on Ihe ~Ufns ~.;;;cured hy this Deed of Trust shaU be at such rate a~
<br />~_-ender-shan request, If Lender h& wawed the option tL'~ Jccderate provided in this paragraph 17, and if Borrower's successor
<br />In jnlcrest has executed a written as.sumpHon agre<mem J.l::l:Cptoo In wnClng hy Lender. l.ender shaH relea~ Borrower from
<br />all obligations under this Deed of Trust and .he Note.
<br />If Lender exercises such opuon to ac(:e!erate, Lender .'!oha.ll fnall Borrower notice l)( acceleration in acct1idance with
<br />par__graph 14 hereof. Such notice shaH pro\' id-e a penoJ (If not Ic~ than JO days from the date the notice is mailed within
<br />which Borrower may pay the sums declared duro If Borrowc~ fad.. h) p~~ su~h sums pri\.lr to the expiration of such period,
<br />Lender may. without further notice or demand on 8orrow~r, lfiVl,lLe an) re-medics permitted by paragraph I R hereof.
<br />NON4USlfORM COVENANTS. Borrower und LenJcr turther co\'enarlt and agft.'"C as folIow&:
<br />Ill. Aeeeleratioa; R.medi.... Excepl.. p..nlded in paragraph 17 hereof, upon Borrower's breach of any eovenanl or
<br />agreement of Borrower in this Deed of T.....t, indndine lhe connanlS 10 pay when due any snms secured by Ihis Deed
<br />of Trusl, fAmde, prior 10 ac<<leratlon .hall mail nolke 10 Borro..er as pro'ided In paragraph 14 hereof specifying: (I) the
<br />~b; (2) the acllon required to cure such breach; 13> a dale, nOl I... than 30 days from the dal. the notke is maUed to
<br />Borrower, by wllk" such breach must he cured; and (4) lhal failure to cure sueb breach on or before Ihe dale specified
<br />in lbe nolke may resoll In aceelenl.tloo of the '''ms secured by this Deed of Trost and liSle of tbe Properly'. Th. notic.
<br />shall further inform Borrower of tbe riabt to reinstale afler accel.ralion and tbe rlglU 10 bring " court action to assert
<br />the noo-existence of a defaull or any other def._ of Borro....r 10 aeeel.ration and sale. If Ibe breach is not cured
<br />on or before tbe dale S1"'<1fied In tbe not.k:e, lAnder al l-ender's oplion ma)' ..<<we aU of the sums secured by tbis De.d
<br />of Trust to he I_edlately due and payable witbout furlber demand and may in,oke the power of sale and an)' olber remedies
<br />pel1llilted by applicable law. Lender shall be entitled to l'olkcl all reasonable costs and expenses incurred in pursuine lit.
<br />remedies provided in Ihls paragrapb Ill, indudiar.. bul not limiled 10. fU$Onable a<<orney's fees.
<br />If .... power of sale is Invoked, T<USt.. sball record a notke of def....lt in each county In which tbe Property or some
<br />pan lbe~ .lslocated and sball mail cofles of sacb Jlolk. In lhe manner prescribed by applicable law to Borro_r and to Ihe
<br />oIherpenoas PfC'lCrihed by applkable inw. After tbe lapse of such time as may be required by applicable law, Trw.1.e shall
<br />alve pIIblk ROCk.. of sale to the Jl"l'SODS and In the mann'r prescribed by applicable law. Trust.., withoul demand on
<br />Bonowtr. shall sell the Property al public auction to !be hig....1 bidder al the lime aod place and under the lerro. de,dgnated
<br />In.1,,, notice of.... lo ODe or _ par<<1s and In SIKh o...r as Trost.. may det.rmlne. Trustee may postpone .ale of all
<br />or ...y pat'Cel of !be Property by publk announcemenl at lbe lime and place of any previuusl)' scheduled ",Ie. IAnd.r or
<br />Le~ 4esl&l&ee IRll1 jlDITb_ the Property '" any sale.
<br />U- ~lpl of paY_Ill of !be price bid.. Trostee shall del;,'er to tbe pur<:h""..r Truslee's deed eon..ying the Property
<br />soIIL 'fIte.redI>lls IIltbe TtIlSt..,'s ~ shall be prima facie evideoe. of tbe lrulb of Ihe stal.ments mad. therein. Truste.
<br />shall. . .....apJJl). . . the ~ of the sale In.. !be. followlnt. 0"''' (a) to all re....o. able costs and expelJ$eS of lb. sale, indudlng. but
<br />_lloIW .... T~'li fees of bot IIlQfe IIlan 112 of 1 % of I"" IIrOS$ sale price, r....onabl. altorn.y'. fees and <osls of
<br />~~ (b) 10l1li_ __It'd by thl$ Deed of Trust: and Ie) lbe excess, If any, 10 the per'5Oft or persons I.gall)' entitled
<br />, .. 19. Bon'tJ........ RlllbUo IteIomJlte. Nl\IW.thatanding Lender's accelemuon 01 the sum, ,ecured by th" Deed "f Trus!.
<br />lJnt'r~r shalllt;tve the riiht 10 baye any procC\'dings begun by tender t<> enforce this Deed of Tn"t discontlOlled at
<br />a!lY ~1I1C prior.1o lhe earfic,r to ~ur ,of li)the I!fth d~y bef,?r. lb., "'Ie of the Property pursuam to th. fl"....er of ",I. cont.im'd
<br />.tlllim O!:oed of Tr"", ?flu)tDlryof a l\wgrnent enrorclOg th" Deed of Trust ,f: (a) Borrower p.l" tender all "'"" which would
<br />be 'hell. dueUiJder thit Peed. of' Tno;t, the Not. and ll<'>tes ",.uring Puture Advances. jf any. had n') a"cel.cali"" '",curNd:
<br />0>). Borrll""llf t~~ all btea<:h<< <If any <lther .ovenant, 0' agreemellts of Sllrrower contained in tbis D<"ed or T"'<t:
<br />~'ir ~ower pa,Yt It"!. re.~ulbJC ,t,pen~ incurred by .J ~t'tdt'r and Tru5te~ tn ~ftfon;ing the i;t1Y~mult!\ and agrcemt:'rHs ,,1'
<br />liqr~.~alhed In tll..D\led of TImt "ntl 10 ent(}l'('rng Lender's :Iud Trust..', remedic, "' provided In pM'g"pb IN
<br />~l,-lnclu-dins~. but not 11.mtttd to( reawnable :aU~Y'~ f<<~: a-n,d (JJ ttorrower t-ak~ s-ut:h <It''tiofl 1l! LCf,d'~r ".Hi)" .fCl\'\.onOlhh
<br /><<:quire (0 U$Ufe tb-.t ttw He.n of tbn.- ~ed of Tru~L t.e-ndtt', mterest m the Pti;)peny ':{fld B-omV,lo'l:r'l' "hh~.aHfln tp p;~;.
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