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<br />9. Condemnallion. The proceeds of any award or claim for damages. direct or consequenllal. :n connectIOn with any
<br />condemnation 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 Lender. , .'
<br />In the event of a total taking of tn" Property, the proceeds shall he applied to the sums secured by thiS Deeo ot Trust.
<br />with the excess, if .any. paid to Horrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Dced 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 />taking 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 is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to !"ake
<br />an award or settle a claim for damages, Borrower fails to respond to Lel1der within 30 days after the date such notice IS
<br />mailed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to restoration or repair of the
<br />Property .or to th'e sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of procceds to pr.incipal shall not extend.
<br />or postpone the due datc of the monthlyinstallmenls referred to in paragraphs I and 2 hereof or change the amount oi
<br />such installments.
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Deed of Trust granted by Lender to any succcssor in interest oj Borrower shall not operate to release. in any manner,
<br />the liahility of the original Borrower and Borrower's successors in interest. Lender shall not be reqUired to commence
<br />proceedings against such successor or refllse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Deed of Trust by reason of any dema'ld made by the original Borrower and Borrower:s successors 11l IOtercst.
<br />U. Fol'beal':U1ce by Lender Not a Waiver. Any forbearance by Lendcr in exercising any right or reme~y hercunder. or
<br />otherwise afforded by applicable law. shall not be :l waiver of or preclude the exercIse of any sllch TIght or remedy.
<br />The procurement of insurance or the puymeat of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to acceleratf' the maturity of the imkhtedness securcd by this Dt~ed of Trust.
<br />lZ. Remedies Cumnlatin. All remedies provided in this Deed of Trust are distlllCt and cumul~!ive to any other right
<br />or remedy under this Deed of Trust or affordcd by l~w or equitv, and may he exercised concurrently, independently or
<br />successively.
<br />13. SUCCes50I1S and Assigns Sou"d; .Joint and Several Liability; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender aad Borrower.
<br />subject to the provisions of paragraph " hereoL All ,",ovenants and agreements of BorrOWN shall be joint and several.
<br />The captions and headings of the paragraphs of this Deed of Trust 'Ire for convenience only and are not to he used to
<br />interpret or definle Ilhe provisions hereof.
<br />14. Notice. Except for any notice reqUired under appll,'able law 10 be given la an01her manncr. ('ll any 1I0tlCC In
<br />Borrower provided for in this Deed of Trust shall be given by mailing such nouce hy certified mail addressed to Borrower al
<br />the Property Adelrc:ss or at such other address as Borrower may designate' bv notice 10 1.ender a" provided herl,in. ;md
<br />I b) any notice to Lender shall be given hy ccrtitied mill!. return receipt requested. 10 L~nder's address stated herein or to
<br />such other addrel>.~ as Lender may designate by nollce to Borrower as provid,~d herem. . Any nOllce proVIded lor in th,s
<br />Deed 'Of Trust shaH be deemed to have been given to Borrow~r or l.ender when !;lven 1f1 the manner deSignated herem
<br />1:S. Uniform need of TnlSl: Governin!: Law; Se\'erabili(v. This form 01 deed 01 trust combines uniform .;ovenams fN
<br />national use ,1l1d non-uniform covenants with Hunted variatIons In- JUrlsdicl,on !O ,'ollstilllte " uniform security instrumenl
<br />coveriog real propellty. This Deed of Trllst .shall be g(werned h\ the law of lht~ 11Irisdi.;uon If! which the Pn>perlv 15 InCilted,
<br />In the event that ,any proVision or clausc of this Deed ,'1 Trust or lhe Note ,:ontl'ds with a;)phcable law, such ,','nl1icl sh;di
<br />not affect other pf(1lvisions I)f this Decd of Trust ,)r the Note which ,an he :':I\'CI1 dlect Wllnollt Ihe ~,,,,lli'"'ting proVlsion.
<br />and (0 this end the provillions of the Deed 01 TillS! ;lIld the Note are dedared I" he ,.everabie.
<br />16. Borr,ow'ef.~'li Cop'y. BornW/cr sbaH be lurmshed ;1 ~s"'hlrm~d ,,'py '" lhe NOll' cmd 01 Ibis f)~ed ,)I Tru'l ;11 the time
<br />"I el(c'cution or alfl~:r'recl:lrdation hcreal.
<br />17. Tnlllsfer ~)tlhe PropenYl Assumption. If aii 01 ,mY pari or lh(~ Prope'" or 'Ill interest th(~!elll 1< ,old or p.ansfcrred
<br />hy Borrower without Lender's prior wntten c,'n"'I1I, "xdlldmg ': a, the (;r~alll)ll oi .l lien m elKUll1hrance 'uboldinate t,)
<br />Ihis Deed 01 TruSl, i oj the crellllon 01 " purch~se m,llIC\ ,c<:mIlY ".(tln.." I'" nOl"elJO:d applialjf.~s. ,e) .r !Iansfel i1\ devi;;e,
<br />,lescel1ll 01 by operation of law upon lhe de,uh "[ I"ml I\'n'lll! 01 I d) Ih~ pam ,'I 'IIlV k"~choid Inl~lest \II lnret! 'eM' or ks,
<br />nllt cOIllOlllung. an olfltionlO pUrdla$l'. Lcndet ma, ;it lendtlr's OPlhll'. dedal" ,ill Ih~ ,UmS'tlCUl ed bv th" D~~d s'l'l fllS1 I,'
<br />1I11medl:ltciy duc and paY;lble, l.ender shill! ";Ile ',';.Ii'ed '111:11 "P11,JIl I" a~C"le!;Ii" 'I. [HIM I"~ Ihe sale <'I transler, 1. ,'mkr
<br />and the person to whom Ihe Properly i, w h~ StllJ ,.'r p;,nsferr"d ,,,aeh agre"lllenl In "nling Ihal th~~ <'I"dit ,oj sm.!] l""""ll
<br />is ~li~,ia,,~tory hJ Lc;~ndcr ~u)d that the Kn[cre~t P~I\:~lHc nn tht," -"'WH.., ~ccurcd !w lhis DCl,.~d p~ Trus: \haU ht.~ :J! slH.:h r:l{C a...
<br />Lcnder Sh.ll! rcquesL If I.ender has wal'ed the "1)\1011 h' 't..:s:cklatt. pn.'\'.dcd III I!m p,lr.lgr,,,,h I "lid ,t H')'l\"I'c(' "h'ce,Slll
<br />In Inlerest has e,M~~uled a WflUe-n ~tSSUnlplh.'n .tgrcClnl.."Ol ~l(.,:<.:cptcd In \.vfHlng f)\ Lender.. 1 \,':I\llcr '..had rC'h;as~ Borru'\A.'c:r fr(HO
<br />aU obligatIons undc:r Ihls I:>et:tl oi Tmsr and the ~ote
<br />If Lender c~:el'ciscs such optIon to ~t\.:('der;it~, crll.Jcr "hait 1n,'Hl Bnrrp\\l.:'l ~h.HI;';:C ,Pt' :H...'I..:~:kra[too in ;,\..:~,\rdaHl':t". \Ilo'ifh
<br />paragraph 14 hel'col. Such notice shall provide .\ ,~nosl "I 'h't Ie" tb,.1I 3\1 da>s I,,,rn th" .laic the ,wtIC~ ", maded w.th",
<br />which Borrower IU~tY :pay (hl~ sUlns decLared Jw:, [1" lJon(l\-\cr LJlb: pay ,w..:h ~UJn.:\ prit)f ~'.~ ttH: t:'-plratJ(.lll \If such l'H:fi(ld,
<br />Lender may. Without tunher notice or demallo "II HOll'lwer, Jl1\'''~e ""' IcmedlC" permilted h, par"graph I X hereof.
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<br />NON.UNII'ORM ('O\lE"SAN1S. BOrnJWCf ;JnJ Lender tHriher ~ovcnant "Iud ;tgr.~~c .1S Inlil;v.....
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<br />Ill. Aecelemltlm; Rem...dies. Exc...pt as provided in Ijara~raph 17 hereoC. upon BOHO"'.....'S br...ach oC an;\' '.o......nant or
<br />agreement of Bono"...r in thIS need or Trust, jndudin~ the ':o'.cnanL~ to pa) "hen due auy s..ms s,'curcd by this Deed
<br />of Tnlsl. I,cnder pt'ior to acceleration shall mail Ilotin~ to Uorr.....er as pro'ided in pllra~raph ! 4 hereof 'pedfying: i I' the
<br />breach; (2) tbe a(ti<Dn r"'~luin.'<I IU cure such breach; l.ll a date. not !loss Ihan 30 days from Ihe d,1!e the notice is mail...d to
<br />BorruW"'f, by which SUdl breach must be ,'ured; ..nd (4) thaI failur... to ,'ute ,u('h br...ach on or befor... th... date specified
<br />in Ihe notic... mal' Il'eSult in accd...r,lliun of the SUIll' secured by Ihis need of rrusl ,md sale "f the Property. Th... notice
<br />shall funher inf~lrm Borrower ..C the right to reinstate after acceleration and the rig hi 10 bring" court action to ass...rt
<br />the m;n-existencE' of a default or au\' olher dt.fense of Borrower 10 acn'I.'ration aud sale. If the breach is not cur...d
<br />on or befor... th... Wille specifi...d in the notice, L...nder at l....nder's option may dedar.. all of tlw sums s...cnred by this need
<br />of Trust to be inllllediately due "lilt! l'ay.able wilhoul furl her demand and may ill\oke Ihe power of sale and allY oth...r remedies
<br />pennilled by app;lic:able law. Lender shall be "milled to wiled all reasonable <loslS and expenses incurred in pursuing Ihe
<br />remedies pro\'ided iin this paragr.lph Ill, including. but nO! limited 10. reasonabl... attorn...y's fe~"S,
<br />l'f the power of sale is invok...d, Trustee shall record a nolie.. of default in each county in which the Property tlf some
<br />part thereof is Io<:al...d and shall mail copies of such nOlice in the manner prescribed by 'lPplkallle law to Borrower and to th..
<br />olher persons presc:ribed by' "pplkable law, After the lapse of such lime as may b... required by applkable law., Trustee shall
<br />give public notie,e of sale to tbe p...rsons and ill the manner pn'St'ribed hy applicable law. Trustee, without demand on
<br />Borrower. snail scllth... Property at public JIluct;on 10 rhe higbest bidder lit the lime aud pla"e and lind...r Ihe terms designated
<br />in the notice of siale in olle or more pan'els and in such order as Tnlslec may determine. Trustee may postpone sal... of all
<br />or any parcel of >tb.<e ProllerlJ' by public announcement at lhe time and place of any I"evionsly schednled sale. "(lnd...r or
<br />Lender'sdeslgnee nuty' purchase Ihe Property'" auy sale.
<br />Upon receipt ()fpaymenl. of tile priee bid, Trust...e shall delher 10 tbe purchaser Trustees deed cooveying th... Prop...rty
<br />sold. The re1:itals in Ille Trustee's deed shall be prima fade evid.eu<le of the truth of the stalements made therein. Trustee
<br />shalllllpWY .Iheproceed$ of the sale in the following "rder: to all rea.sonable costs :rnd ""lleus",s of the sale, including, but
<br />notlimi~to, TCllIstee's fees ninot mor... lhau._ ...IA Q .. ,.,... . of the gross sal... price, re:!:liollflble attorney's f...es lInd costs of
<br />Iitleevidence; (b) tG all sumss...curcdby this Oeed of Trust; and (('J the excess, if I,OY, 10 tI,e person or persons k>gally {'nolled
<br />thereto,
<br />'19. Borrowe~'s Right to Reinstate. N01Wl!hMandillg Lender', accekratlOll of the
<br />BPrrowcr havc lhe right lO havc allY Plocct:dings begun b) Lender \(1
<br />earlienooc""r of(i} thelifth day before Ih" of Ihc
<br />or(;i) entry of '1 .ludgmem ..",forCIng this Deed Trusl j f:
<br />is Deed ,of Trust. Ihe Now "ndllores sec.uring
<br />bn;actu;s of cnVCfHuHs Of .:l;gt~>lernenf:s \H
<br />nable by Lendpr and in enforcing lht,; C~~VI.,~narU,&
<br />th'is need enfQrcing b~ndel'~ Tn",;c~\ !'!;i11Cdlt'i
<br />litni!lJ:d ;il\ort1t~y's fe(~": ;jfHj \d) Horrnw';r tak", !'i1,"Y
<br />liefl hi' TnJs~, 'Ler,d;::l\ inte['C:i:t in tht..' l'~rop0n V iL~H"; to 1}~'1.\
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