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83- 003398 9,COJRh,DJnation... The proceeds of any award or claim for damages, direct or consequential, in connection with any con.demnationOF ollie, taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to l.ender. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust. with the excess, if anjr, paid to Bormwer. In the event of a partial taking of the Property, unless Borrower and Lender otherwiseagteeinwriting, there shall be applied to the sums secured by this Deed of Trust such proportion of tbe. proceeds as is to that proportion wbich the amount of the sums. secured by this Deed of Trust immediately prior to the date of tak e fair market vallie of the Property immediately prior to the date of taking, with the balance of the proceeds paid ... . .. cr. If the Propertyis abandoned by Borrower, or if, after notice by Lender to Borrower that the conderilnoroffers to ma~e an awatd.orsettIe a d,llim for damages, Borrower fails to respond to I..ender within 30 days after the date such flotice IS mailed;. Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair. of the Property or to the sums secured by this Deed of Trust. Unless Lender and Borrower otherwise agree in writing. any suchappli.cation of proceeds to principal shall not extend or postpone tbe due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the. amount. of such installments. 10, Borrower Not RelellSed. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of tbe original Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings against StIch successor or refuse to extend time tor payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest. n. Forbearance by Lender Not a Waiver, Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, sball not be a waiver of or preclude the exercise of any such right or remedy. The procurement of inJlUrance or the payment of taxes or other liens or cha,rgesby Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness stlcured by this Deed of Trust, 11. Remedies ClImubdive. All remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this lDeed of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively. 13. Sacnaon 81M AsslRm Bound: Jotnt and Several Liability; Capliol1$. The covenants and agreements herein contained shall hind. ;md the rigbls hereunder sha,1I inure to, the respective successors and assigns of Lender and Borrower. subject to the l)rovisiOl~S of paragraph 17 hereot. All covenants ;mct agreements of Borrower shall be Joint and several. The captions al~d beadings of the paragraphs of this Deed of Tmst are for convenience only and are not t,) be used to interpret or delinl!! the provisions hereof. 14. Notice. Excc:p! for any notice required under applicable law to be given In another manner, (a) any notice to Borrower provided for in tbis Deed of Trust shall be given by mailing such notice by certified mail addressed to Borrower at the Property Addres.~ ()r at such other addres.~ as Borrower may designate by notice to Lcnder as provided herein. and Ill) any notice to Lender shall be given by certit1ed mail, return receipt requested, to Lender's address staled herein or to such other addlrellS as ILender may designate by notice rn Borrower as provided herein. Any notice provided for in this Deed of TnlSt ,shall be deemed to have been given to Borrower or Lender when given in the manner designated herein, 15. lJllifo'm1 Dfl-d of Trust: GO"t'miDl 1""'1 Sc:~t'l'IIblflty, This form of deed of trust combmes uniform covenants for na!lelllal me and non.uniform covenants WIth limited variations hVlurisdicllon to constitute a uniform security instrument .:<)Veril'll rea! propen)'. ThIS Deed 01 Trust shall be governed hv rlie law ot the .Iurisdiction in which the Properiy is located. [1'1 the event thait iwypr.oVlli.I.on or clause .of Ihis Deed ,'I Trusl or the Note .:onllicts With applicable law. such conflict shall I1Ul lllIcct other provi$j'lms ,)( tlus Deed Of.. Trust or lhe Note whIch ,',In he given dl'eel wirhout rhe ~'onllicting provision. and 'In this end l.he proVisIOns of the Deed ol Trust and the Note are ded.lI'ed w he severable. Hi. 8on'o_r'1I C'IIpy. Borrower shall be furnIshed a .:onformed ":OPY 01 lhe NOlC unci of this Deed of Trust at rhe rime I1l e~;eculion t1r aliter recordation hereof. 11. Tl'1IIU1fer of t~1e PmpenYI Alillumpdon. H all ell any part ,'f lhc Property or f10 inleresl therem is sold or transferred hy Borrower' without Lender's pnor wntlen .:on~:nl. <lxdudlng i a I the ..:real,on of a hen or encumbrance sub{)rdinate. '<' Ihis !)ee.J of Tn1511. Ill) the \:reation 01 a purchase. money se..:umy Illteresl lor household appliances, I c) a transfer i'>y deVise. desclmt or by opelratlon of law upon the dealh of a l,mu tcnant or I d) the gram of any leasehold interest of three ye;lrs or less n<>l I.'Qfltainirll!; aill OptlOtl lO pun;hasc. lender ma~. ;,1 l.el1der's "1'11011. dedureilli the sums secultld bv thiS n...-ed "f Tnlsl to be IIlln~ediately dw~ .lnd pllyable. Lender sh.lll ha\e Will\eO SUdl ,)pUOIl to accelerate if, prior to rhe sale ('f transfer. Lender llfld the perl>Oll 110 whom the f'roflCny IS to be '\old III \fansfefled leadl :tgreemem III writing that the credit 01 such person is satil!actor~. to Lender ,ma 'thaI lhe mterest p'IY<lble ,111 the ~Ulll, ~cl.meJ hy this Dced 01 Trust shall hc at su.:h rale ilS Lender shall reqIUl::SI. II Lender hIlS wlllyed the opll\'n 10 ".:.:derale f'nl"ded in this palaglaph 17. unG if B"rn,wer\ SlH.'l.eSSor III lO'lefe$t hll' executed a "'rlllen ai$umption <lgfl."ell1em ll<o:epted III wntmg h~ Lcnder. lender shall release norrow!:!" from all ol~llgahl.)ns under thlis [)ce,j 01 TruSl and lhe Note If tender .ex,erellie, such option l(l ".:.:elel"I<:. l.ender ,0,,11 mall llorr,)wel n<.tuce of ll\:,,;eleratioll III al.cordance wilh paragraph 14 !'H:rc~1. SUeh notice shall pnwlde a perwtl "/ not it's. than .'0 days lrom the dale the "otrce " mailed within which Bormwer may P<l) the,ums dedared due. If Borrower Luis I" P,l} such sums pnor to the expiration of such period. Lender may. widulUl !Uriber notice l.lr demand (\11 Umfower. 1!"o~e an} rcrncdlcb permiucd by paragraph 18 hereof. NON"UNIFORM ("O\lEN"Nf~. 8orrower irnJ Lender lurther covenant and agree a> lollow.: Ill. "cn~Jenl<tkml lltt'me4ift. t:xcept.. pr.nldfll in pllntflraph 17 hereof, ulIDR Borrower's breach of an)' "oyenant or llttil'eement nfBnrrower in Ihis De:ed of TrllM. indudinlll the covenanb to pay when due 3DY sums secured by Ibis Deed ofTr~, lA'udelr I",ior to acceleration shall mail notice to Burro..er 1I~ provided in paragraph 14 hereof spet"ifying: (1) lhe breao:h; (2) the IKtioll rl!quired tucure Stich breach; (J! II dale, lIot less Ihan 30 days from the date the notice is mailed to Borrow'er, b) ....hi,ch ..ulth bread. must he nmed: and (4) Ihal failure 10 nife sucll breach on or before the dale specified in the notice mil) result in acceleration of the sums secured by this need of TrusI and sale of the Pruperty. The notice shall further infonn Bono~e:r of the righl 10 :reinstllle after an'deration and the riJ::bt to bring a court action to assert the 'Km-existlcm:e of a defaull or any othc.r defense of Borrower to al:nleralion and sale. If Ihe breach is not cured on or before tbe dale SIl<<ifit'd in tbe nOllce. Lender at Lender's option may declare all of the SlIms secured by Ihis need of Trusl tf> bc~ jmmediall~ly due llnd pa)llble without further demand and may invok.e the po~er of sale and any other remedies pen:nitled b). aplplicllble la.... Lender shall be entilled 10 (oUcet all reasonable nisi, and expenses incurred in pursuing !he rellledks pnnided ill tbis paragrAph 18, including, but "<:,II lim.ted to, reasonable attonJefs fees. U tbe POWf'f of salle is i1noked, Trustlee shall record a notice of defaull in each <,onnl:!, in whleh the Property or some pat1 thereof is located alld shall mail copies of sw:b notlee in the mallnef prescribed by applicable law to Borrower and to the other persons prescribedl by llpplkablc la.., After Ihe lapse of such time as ma;; be required by applicable law, Trustee !loall give public notice of Sllk to tbe lJeI'!iOUS and In tbe manner presc;rlbed by applkable law. Trustee, wltbout demand 011 Borre/wef, shal) s.efI the I~roperty at public auction to the bllthes! bidder at tbe time and place and underlhe terms designated in tb.ellotice of llalJe ioe,ne or m&re parcels and i"such order as Trnste.: may determine. Trustlee may l>ostpmlesaie of all 01' uy parcel of tbe Pn-:.perty by public annOUIlCeIlJM! al lbe time and plaee of a'l) pre~'iollSjJ' schedUled sale. tender or J,end!l!:!!"s de!lig~e mllY purchase t1w. Propltrty at an)' sale. Upon r~~pit ~. Tbe r..>e~ il1Wla,pply' niOf.l1ml.~ .S sat.l Ihl t%1aa SU~~'IJ;ft>'d bv Ibis~i:fI"J)u.s1; and (e} tbe eJl<....s,s, '!'lIDY, ( Trusti-'C"s deed "''OIHeying the f'roi:JCJ"ty trutb (tf tbe made therein. Tru,~t"e and salt" inch.ldmll" hut uf t.itle e.'idem".;