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<br />9. CoIMIaI........ The proceeds of any award or claim for damages. direct or consequential. in connection with any
<br />condemnatioD or other taking of the Property, or part thereof. or for conveyance in lieu of condemnation. are hereby assigned
<br />and shan he paid to Lender.
<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 partial taking of the Property, unless Borrower and Lender
<br />othenrise agt'ell 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 whicb the amount of the sums secured by this Deed of Trust immediately prior to the date of
<br />ta\dng 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 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, Lender is autboriud to collect and apply the proceeds. 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 L~ 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 10 in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />Ie. IIonower Not R~. 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 successor in interest of Borrower shall not operate to release, in any manner.
<br />the liability of the original Borrower and Borrower's successors in interc.'t. Lender shall not be required to commence
<br />proeeedinp apinst such successor or refuse to extend time for payment or olherwise modify amortization of the sums
<br />secured by this 0= of Trust by reason of any demand made by Ihe original Borrower and Borrower's successors in inlerest.
<br />U. F.....~ by I",.,.,. Not a W8lver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law. sball not be a waiver of or preclude the exercise of any sucb right or remedy
<br />The procurement of insurance or the payment of taxes or olher liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Deed of Trusl.
<br />12. Remedlos Cum........e. All remedies provided 10 Ihis Deed of Trust are distmct and cumulative to any other right
<br />or remedy under this Deed of Trust or afforded by law or ',quily. and mav be exercised concurrently. independently or
<br />succasively .
<br />13, Suc~ and AsoicBa ....nd: Joint and Several Liability; Capdo..., The covenanls and agreements herein
<br />contained shall bind, and tbe rights hereunder shall mure to, ,he respeclIVe successors and assigns of Lender and Borrower,
<br />subject to the provisions of poamgraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of 'his Deed of Trust are for conventence only and are not to be used to
<br />interpret or dellne the provisions hereof
<br />14. Notice. Except for any not.ice reqUired under applIcable law to be given in another manner, (n) any notice to
<br />Borrower provided for in this Deed of Trust shall be gIVen hy mad 109 such nohce by certJfied mati addressed 10 Borrower at
<br />the Property Address or at such other address as Borrower may deslgnale by notice 10 Lender as provided herein, and
<br />(b) any notice to Lender shall be given by certified mail. return receipl requesled. to Lender's address stated herein or 10
<br />such other address as Lender may designate by notice to Borrower 1l.S provided herem, Any notice provided for in Ihis
<br />Deed of Trusl shall be deemed to have been gIVen to Borrower or Lender when given in the manner designated herein.
<br />15. Unlf_ Deed of TnIOl; GOYemiJIa Law; SennobDity. lotS form of deed of Irust combines uniform covenants for
<br />na.tional use and non.unuorm covenants witb limited vanatJons hv .Iunsdictlon (0 constitute a uniform security Instrument
<br />covering real property. This Deed 01 Trust shall be governed by the iaw 01 the lunsdichon in which the Property is 1<Y...ated.
<br />In the event that any provmioD <>r cllIUJe olth.. Deed 01 Trwt or the Note cont1icts With apphcable law, such conftict shall
<br />nol a1fect other provisions of rl\ls.Deed of Trusl or the NOle wh,ch can he given elfect wilhout the conllicting provision,
<br />and 10 !bill end the provisions of Ute Deedol Trust and the'l'olole are dedared 10 be severable,
<br />16, Borrower's c..y. BortO\lOlllllitall be furnished 'a conformed copy ollbe Note and of this Deed of Trust al the time
<br />of execution or alter recordation hereof '.'
<br />17. TnIoIf<< of lhe ~y; ~ It all ,)f any pall "f Ihe ProperlY or an mterest therem is sold or Iransferred
<br />by Borrower without Lender s pnor wfltten cun~nl. c,\.cludtng I it 1 the l.:reatlOn of a hen or encumbrance subordinate to
<br />this Deed of Trust. (b) the creation 01 a porch..., money s"'-'Unty interesl for household apphances, (C) a tran.fer by devise,
<br />descent or by operation of IllW upon the death of a )omt te""lll or (d) the grant of any leasehold mleresl of three years or less
<br />not containins an option to purchase, Lender may. at tender's oplion. declare all the sums .ecured by this Deed of Trwtto be
<br />mllnedialely due and payable. Lender shall have ",,,,ved sU\:h optron 10 accelerale if. prior to the sale .'F transfer, Lender
<br />~nd the person to whom the Property IS to be )Old or transferred reach agreemeni, In wl'Wn, that the credit of such penon
<br />IS satisfaclory to Lender aod thaI the interest payable ,In the .um. .""ured by thIS Deed "I Trust shall be at .uch rale a.
<br />Lender shall request. II Lender has waived lhe optlOn 10 .""eier-ale proVIded 1M this paragraph 17, and if Borrower's .uccessor
<br />in interest has executed a written assumption aif""""'nt accepled 111 wntlng by Lender, Lender shail release Borrower from
<br />all <>bliptio"" under this Deed of Trust and the Note,
<br />If Lender exercises .s.uch option to acce,lerate. Lender :thall mail Horrower lKlhce of ac,deratlOfi 10 accordance with
<br />paragraph 14 hereof. Sucb notice shall provide a perit.'<l 01 not Ie" than 30 days from the date lbe notice is mailed WIthin
<br />which Borrower may pay tbe SUtTIS declared due. If Borrower falls w pay .u"h SUllll> prior 10 the expllation of such period.
<br />Lender may. witbout further notIce or demand on Borrower, IOvole any remedies perrnitled by paragraph 18 hereof.
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<br />NON.UNIFoaM COVll.l'lANTS, Borrower and Lender further covenant and agree it, lollows:
<br />18. AcceleQtioa; Remc4ieo. F...,e,... pro>idecl in JIIII'IIII'IOPh 17 hereof, upon Borrower's breach of any co.en..... or
<br />.__nt of Bor..."..,r i.. thill Deed of 1'...." includi... the cove""..'" 10 pay wben due any su_ secured by this Deed
<br />of 1'....... l.eader prior to ac.-fleratk>1I shall mail _ice to Borru.... ... pnHided in ptu'..nopb 14 hereof speclfylnll: (1) the
<br />breach; (2) the ad"'" requited II> cure SIKh breach; 13) II date. DOl 1_ than 30 day" from the date Ihe notice is mailed to
<br />Borrower. by which 'IICh breach mWll bot ,""sed; and (4) ,bat failure In ,'ure sueh breaeh on or hefore Ihe date spedlled
<br />in the notke may reRIt ift aceelera&lon of the ..._ secured by Ihis Deed of Trust and sale of Ihe Property. The notice
<br />sbaIl further ioform Borrower of !he ri&lll to reinstate afler /Kceleration and the right 10 bri... a court action to ......."t
<br />the DOfI-e_eDee of a defalt or ..., other defense of Borrower 10 ""cderation and ..Ie, If the breach is not cured
<br />011 or bet...., iIle dale speciied in the noIke. Lender at l.ender's option may ded....e all of tbe sum. secured by Ibis Deed
<br />of l'nasllo bot I_edlaldy dtoc and payable withoul fwiher demand and may imoke fhe power of sale and any otl,er remedies
<br />permiUed. by lIpplileable law. 1..,.... shan he entided tu cullect all reasonable cost, and npe""'" incurred in pursuing tbe
<br />remedies pro..itfed . .his panlCrapIa 18. iachHliac. but ..... limited fu, reasonable attorney's fees.
<br />If the JKI*tlr of .. is ..akeel, Traske shall re<:ord a ....tice of defal1lt in ea<:h cOI1..ty in whkb Ibe Property or some
<br />JIIIIt ~of islocate4 _ sW...a c..... of sudl notice in the maDoer prescribed by applJcable law to Borrower aDd 10 fhe
<br />odler ~ presc;rilIed by app!k:abIe law. After the lapie ol Mleb time lIS may he required by applicable la.., Trustee shall
<br />Ii..., Pl!\IIie noIiee of sale to iIle persons and ill ,he manlier p'eocrlbtld by applicable law. Trustee. widmut demaud on
<br />lonOwec, sbaIl sell the Property at pubIk auctiolllo lhe bichest bidder at the time and place and und..r the terltls designated
<br />i. the aotke of sale In _ or _ pal'<els and ill such order as Trustee ma.y determine, Trustee may pustpone sale of all
<br />01' ~' PA<<"'m iIle Propert)' by puMk _unce_... at the time and pia<:e of an) pr..'iously scheduled sale, Lender or
<br />t.....~ ~ IBlIf p<t"*'" the Property at au)' ...
<br />QJ!110 l'tl.'dpI of pa}'JDellt of tbe price bid. Trustee shall deU.er to the purchaser T.....tee.. deed ronveyi... tbe l>rop.,rlJ
<br />$ojd, TIle. fK1taIs ill the ~'. deed shall bot. prl_ facie ..ideUt.'t! of the truth or the stalemenh DlIld.. !hewn, Trust..,
<br />oball"llPb * ~ of the sale iD the rollowin& order: t a) to all ...,1lS<lIlllble rt>>t.v and ""...._s of the saJe. includintl, but
<br />... ~ to. .,..,..... '- of not _. than ~ of I'li> of lhe IIro$!i sale prke. relilll>nable attorney', r""" and <'Osts of title ",'ideucel
<br />1M in ... SI!IM ~ l>y Ibis OIled of 1'n1st; and I.., the ncess, If an)'. to lbe perstm or p"IWlllllegally entitled thetl'tu.
<br />1eI1. ~w.,.. RlIJat to ..18....... NOlw,tltilarrdiujl Lender's ac~elelllli"o 01 Ihe ,,"''' ",cured hy :hlS D""d of T ""..
<br />BorrOWer <<hAll hlt\'l:; the riJltt 10 havellO)' pr<>ceedio1\s begun hy Lend... to enforce thi> Deed of Tru.t di'~<'ntlllt",J al
<br />lIt}Y: ti_ prior to tile ellrlier to occur of II) the fifth day before the .al.e of tbe Property punulln! to 'he po"er 01 .~Ie ""mswed
<br />itHf\3 ~ of Trusuu {ill entt}' of a iudgmenl eufotd"g this Deed or Tnt.t II: ia) Bormwer pay. l.e.ndcr .il sums whIch ""uid
<br />bel, then.d>.le urlder tbis Deed of Tru.'i, the No.e and noteS _uring rutu.e Advance;;, .t any. h.ld n<l 3c,e1traltof\ o""urred:
<br />Ib} 1klrrowet cure. all b.readJei of Iloy other rovena"," or agreements "fBorrow., (O"""oed 10 t!llS n..eil of Tr"'1:
<br />ie') B9fr0wet !"Irs all rea.,,,JQabk-. eXpeI>i<ls 'n<:lltred by l.el"ler and TrU5''''' in enf"reln, lbe ""vena nt, '10<1 'llh'lll1ltnh ,,(
<br />Iii>trowOlt <:MllIined In l!lis Deed of Trust art<! in !!nlor,inll tender'. and Tm'I""'s rorned""a. I'Hw,ded m p"t.grapll I R
<br />lIll/'<.l()f, In;:Illdil1l, bUll'lOt limilll4 to, re-..able aUQflley', fem;; und (<II Bon_er ,akes ",,,h ltClI<'" a, I,..,,,ocr may reav:mah!>
<br />~jfl:' 10 wure that !be Ik:n of this Deed nf 'frust. l."nlkr'. ;nler"" III ,he Property Imd Ilormwc,'. ,'hlil.!Mh'" h' ;''''
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