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<br />83- 002832
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<br />9. COIIIIlI_BatiotIl. The proceeds of any award or claim for damages, direct or cOl'llleq1..'ential. in connection with any
<br />condemnation or otbeJ, taking of the Property, or part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to I.ender.
<br />In the. ev~,nt of a total taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust,
<br />with the excelll~, if any, paid to Borrower, In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree ill wriliing, there shall be apptied to the sums secured by this Deed of Trust such l'rop<:mion 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.bearll lathe fair market value of the Property immediatelv prior to the date of taking. with the balance <If the proceeds
<br />paid to BOrrower. "
<br />If the Pro:~tty isabeooOl:led by Borrower, or if. after notice by Lender to Borrowcr tbet the condemnor offers to make
<br />all lIW:atdor s.ettlle lIef.lm for damages, Borrower fails to respond to Lender wilhin 30 days after the. datt:: Stich notice. is
<br />mailed, Lender is authorized to. ccOHed and appty the pl'ocee.as, at Lender's optioo, either to restoration orrepai!' of tile
<br />Pmperty or to thie sums se.cured by this Deed of TmsL
<br />Unless Lender ltl'ld Borrower otherwise agree in writing,
<br />or p<m;j)Olle lhe due d~le of tlte mortthly iastllUmenlll rderred
<br />such instal.lmeJil!ll,
<br />to. BIJrrc.wer Nl" R~. Extension 4)f 1M time tor or madill.clInoll of amortization of the sums secured
<br />by t slJCCes!lor in of Borrower shall lIot operate to release, in any manner,
<br />the, (i>UCCeSSQfS imeren. Lender shall !to! be required to commence
<br />pr:~dinss ag:;nnst liUc:h sUC!.:ll'SS;.)r or 10 extend li,ne m: otherWIse modify amortizatIon of the sums
<br />l>eC!,l.red by this r~ ,)f Tn;:.,! by reason any demand made ongma! Borrower lind Borrower's succ.esson; in interesL
<br />U, Fork_I! by I.__.. NliIt a W."'ef. f,'rOOllrd1ilcce by t~'l'ldef l!l any nglu or remedy hereunder, ,>1'
<br />".!forded h~' appiic~l:Ue IllW, sh;aIl no! wllive'r or the of such right or remedy
<br />ofi!'l:~unmce or r~ ot l.a.:U:S ,}! orher Lender shall he II waiver of Lender's
<br />to llCCeile;I<li!4e lhie maturity of the &~:l;;ured
<br />U. R_I~ Clll.~e, ,'\11 m
<br />u11der this Deed <>{ Trust {'r by law nf liIqmly, :wd
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<br />mch application .of proceeds to principal shall nO! extend
<br />ill pamgrapbs ! and 2 hereof or change the amount of
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<br />and cumulative to any other right
<br />conc\ll'l<:nHy, independently or
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<br />llllt! M\'l'rnJ LillbiDf}'; C.llpti611!ll, l'he c()VCll1'mls and
<br />stJ("CC~s..;1rs and l'l,~sjin& ('if
<br />iJ.!(reclnenls pf Borrower shall be !(,il'lt lmd
<br />~'in:;. lr)r (:r.}nv{~n,\erh::e .only t::;(10 ;i:re not to be used f()
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