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<br />83- 002562
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<br />9. CondemnlltloD. The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnalion or other taking of the Property. or part thereof. or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall be paid to Lend.r.
<br />In the event of a total 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 Borrower. In the event of a parrial taking of th~ Pro~rty. unJes-s Borrower and Lender
<br />otherwise agree in writing. there silall 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 this Deed of Trust immediately prior to the date of
<br />laking bears to the fair market value of the Property immediately prior to the date of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property i. abandoned by Borrower. or if, after notice by Lender 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 day. after the date such notice i.
<br />mailed. Lender is authorized to collect and apply the proceed.. at Lender's option, either to restoration or repair of the
<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 to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. Bono....r Not R.Ieased. Exten.ion of the lime for payment or modification 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 Iiabilily of the original Borrower and Borrower's successors in interest. Lender shall not he required to commence
<br />proceedings against such succes..wr 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 />I J. ForbearaJle. by Lender Not a Waiver. Any forhearance by Lender in exercising any right or remedy hereunder. or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such rijlht 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 10 accelerate the maturity of the indebtedness secured by this Deed of Trust
<br />12. Remedies Cumulatfv.. All remedies provided '" this Deed of Trust are distincI and cumulative to any olher right
<br />or remedy under this Deed of TfWll or afforded by law or equity, and may be exercised concurrently, independently or
<br />successively.
<br />13. Su".......rs and AIIIigDs Bound; lolnt and Sev.ra1 Uablllty; Captio.... The covenants and agreements herein
<br />contained shall bind. and the rights hereunder shall inure to. the r~pecrive successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph J 7 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 only and arc not to be used to
<br />interpret or define the provisions hereof.
<br />14. ,Notke.. Except for any notice reqUired under applIcable law to be given in another manner. (a) any notice to
<br />Borrower provided for in this Deed of Trust sball be given hy mailing such notice by cenified mail addressed to Borrower at
<br />[he Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />tb) any notice to Lender shall be given by cenified mail. return receipt requested. to Lender's address stated herein or to
<br />sucb other address as Lender may designate by notice 10 Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust .shalf be deemed to have heen given to Borrower or Lender when given in the manner designated herein,
<br />IS. Unlfonn Deed of TnIJl; Govemllll l.a..; Severabillly. ThIS form of deed of trust combines uniform covenants for
<br />national use and non-uniform covenants with limited variations hy jurisdiction to constitute a uniform security instrument
<br />covering real propeny, This Deed of Trust shall he governed by the !aw o( the Junsd.ction in which the Property is located.
<br />In the event that any prOViSIOn or clause of ,hi. Deed 01 Trust or the Note contlicts wllh applicable law. such conflict shall
<br />not affect other provwons of this Deed of Trust or the Note which can he, given effect without the conflicting provision.
<br />and to this end the provisions oj the Deed ot Trusl and the Note are declared to be severable.
<br />16. Bono..er's Copy, Borrower shall be iurmshed a conf<>rmed copy or the Note and t>f this Deed of Trust at the time
<br />of execution or after recordation hereot.
<br />17. TnlDsfer of the Propen)'; ABUmpdon. It all (}r any part of the Property or an interest therem is sold or [ransferred
<br />hy Borrower without Lender's pnor written consent. c;f.cluding (:1) the creation of a lien or encumbrance subordinate to
<br />this Deed of Trust. (b) the creation ol a purchase money security interest for household apphances, i c} a transfer hy devise.
<br />descent or by operation of law upon lhe death of <l jomt lenan[ or I d) the grant of any leasehold interest of three year~ or Jess
<br />not containing an option to purchase. Lender may, .1t l.ender's optIOn. declare all the sums secured by this Deed of Trust to he
<br />Ifnmediatdy due and payable. l.ender sh.alt huvt: waived s'uch opwm to a..:celerate it. prior to lhe sale ()r transfer, Lender
<br />~tnd the person to whom [be Proper!)' IS 10 be sold Of franderred rc"ch agreement In writing that the credit of such person
<br />is satisfactory to Lender and t.hat the interest payable on the ~Ult1..'i .\.Ccuroo h~ this Deed ot Trust shaH be at such rate a:<.
<br />Lender shall request. (f Lender has waived the \)ption to accelerate provided in Ihis paragraph 17, and if Borrower's successor
<br />in mtcreat h~ executed a written ~umpHon aar<<meOl ac-C'C'pted In wn6ng [I)' Lender, Lender shaH release Borrower trom
<br />all obligations under this Deed ot Trillt and the Note,
<br />ff Lender ex,ercises such option to acceJeratc, Lender shall mail Borrower nolice (If acceleration in accordance with
<br />paragraph 14 hereof. Such notice shaH provide a peflod of not less .than 30 days from the dale the notice is malted within
<br />which Borrowe,r may pay the SUntS declared due. If f!-orrower fails 10 pay .1>Ul:h .sums prior to the expiration of such period.
<br />Lender may. without further notice or demand on Borrower, mvok.e an) remedies permitted hy paragraph 18 hereof.
<br />NON.UNtFORM COVE.NANIS, Borrower and Lender further covenant and agree as tollows:
<br />18. A<<eler.lio..; Remedln. .:.c.pt as provided in paraarap!t 17 h......r. upon Borro....'s breacb or any co..nant or
<br />..ncment of Borrow~r in this 1l<<d or TnlSi.. inclvdinx tM: CO,ien.nu 10 1*) 'When dlH' any SUi1I5 secured by this Deed
<br />of Trusi. "",nder prior to acceleralion dIaIl mail notic. to 8o<m.... as pro>ided in paragraph 14 bereof s...dryilll: (I) tb.
<br />b""",h; (2) tb. actloa reqwred to cure such breach; (3.1 a dat.. not lesa Ihan 30 days rrom th. dal. the nolke l, mailed to
<br />Burrower. by ..hkh such brtach m.... be t'ur.d; and (4) tbat tallUff 10 ,'ur. sucb breach on or before th. dal. s...dUed
<br />in Ihe notke may resull in acceleralion or the sums _ur.d by this lleed of Truil and sale or th. p"'...rty-. Th. notice
<br />shall fntitler inlorm Borro~er of the ri&ill 10 ~iDSta'f' after acl"eleraatoQ and the right to bring a court acdon to assert
<br />tbe nuo-u.1st~lK:e of a defau.1t or an,- othe,. drfe8k of Borrower la an'eleration and sale. If the breach is not cured
<br />on 01' before the date sp"clfied in the nolice. I.ender nt l.ender', "plio.. m.y' d.elare all of th..ums ..eu",d by this O..d
<br />of Trust to be lmmtdiat.ly due and pay...... withoul furtber d.mand aiN! may- inH>ke the power or sale and any otb.r remedies
<br />...rmitled by applicable la... Lend<< shall be entitled to collect all r.....nable costs and .....oses incurred in porsuing th.
<br />r.medies pro.ided hi this paragraph 18. IncludiJoK. but not limited 10, ",.....nabIe allomey's f....
<br />If the po..er of sale is la.obd. T........ sball ....,ord .. notke 01 d.fault in .ach couoty- in whicb the Pro...rty or some
<br />....... thereof is located aod dIaIl mall copies of such notiee in the manne' prescribed by applicable 10.. tn Borrower and 10 th.
<br />oIher pe_1tS PftSCribe<I by applieable law. After tbe ...... or such time", may be reqwred by applicable iaw. Trustee .ball
<br />p.e plIblic nolke of oat. to llIe persons and in t"" manner prescribed by applicable law. Trust... witbout demand on
<br />So......<<. shall selllhe Pro",rl)' .. public auction to the hittbest bidder al th. tiRk and piace and unokr th. terllls designated
<br />i.. t~ R:Oti('r 01 saH- u. one or mon patc-e:h amJ in such order as Trustee mal dete-emilH'. Trustee mM}' postpone sale of aU
<br />or ....y panel of tbe I'rope.rty b)' public &nnoo....em.nl at lbe time and p1ac. of aoy p",.iousl. scheduled sale. I..nder or
<br />Lender', dnlp.., may plIfClIMe the Prop"rty .t any oate. .
<br />Upon ......Ipt of paY-Rk... of 1M prla< bid. Trust"" sball deliver 10 tb. purchaser 'frost",,'s deed (~",'..ying tbe !'mperty
<br />suId. TIle redtaJo in t.br Tnmee', deed shall be prima fack ..ideot.. of the trutb of 1M statements Dlaok tberein. Trust""
<br />sbalI apply lho ........... of lbe """' io u.. folJowing order; ,a) to all rcasonabk t""" and "pen,." or th. sak. including. hut
<br />noIlimIled.... TI'USI1:e" r_ of not more than " of 1% of the II""" sale pm. reasonabk altorney's f.... and CeMS of titk ..ide.....;
<br />{bllo alI_-...red br too 00aI of Trust; and {eltbe ...._. if any'. to the. person or pefSOl.-legally entitled the.reto.
<br />19~ -Iorrower's Riebl to Rri8$l..~ Notwith$tandJug LcndN's acceleration of the ~um!. ~e-curcd by thn DceJ ill fnl\l
<br />fklft'~wer ~aU have the right to have any proce<..-rling\ hcgun by l.ender to cnfl.lrl.:C thh Deed of Tnu.t dl~l.'(lnIHl\lcJ ~t
<br />any ume pnor tu the ea:-lic-r fo ~x.'"'Cur of (i) the fifth day b{ofore the sale (If (h~ Properl}' pun;uanllo the pO\\,:el- of ",ale ':t.uLllnc..J
<br />in ttm J.>ei:dnf Tn~-it or (ti) entry of a judgment enforcing [hi~ [)(',ed of Trust If: la) BOrfowcr pavs Lender aU s.um", whi"Jl W~,tdd
<br />hrt rbe-o- due: unOc:r th,~ Deed of TruM. the Note and notes \C\:uting Future, ..\dv.lwcc\, if any: had no ;j~l,:d'CratlOn ll(~currC'd:
<br />!,N 8uuower t'urt% aU b-r-ea..:tk"i ur l:lny otnc-J' coVenanh or asreemcn~\ of u.ortowcl ~~";ntaln(:'d In thIs. Deed p( 'f (u'.l,
<br />(d Bonm4'ct pay' all rea.sol'utble. C1l:pcnw5 irn.:urred b~ f ,('oder and Tnl:Ht:c in en(orGng the ..:UV\!n.mt' 1ind ;,~rct~mC'l\t, d
<br />~rtUw~f Coo.ll:!ttled in thil. Deed of Trmt and In enftlfdl'lg Le-uder\ and Ttu'itec',\ f"emeult's. :t\ Pf"-)\t'h.Jcd in }:(tni.!;ntph l}l
<br />h(f'e(}I, rnc:tudUi:&, hut ocq hnukd to, rea~tJtla.bt(! attofncy"". fuc~: i4nu TO) Rorn.lwcT takc.~ ~uch .jH.:h~)n a~ f t.~lH.t(,f fn~"t\' fea",-m;thh
<br />f1::qwre (;) it"i1jI.J1(: tk-at tbe ht.m 01" this l><<-d 1)1 Tnt'!.t. 11..'iide(" iflu.::n:.'q In lhe Property ;0-1\,1 Ht'rrn\\cr'<" ,lhhlli\lH'lt 1\' ;>J\
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