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<br />9. Condemnalion. The proceeds of any award or claim for damages. dire~t,!r cOIlSelJ~tial..il!.
<br />condemnation or other laking of lhe Propeny, or part thereof. or for conveyance mheu'or c.~tIll~..
<br />and shall be paid 10 Lender. . .. . .. ....... ..
<br />In Ihe event of a total taking of Ihe Propeny, the proceeds s~1I be ~pplied to the sumS'.
<br />with the cxcess, if any, paid to Borrower. 111 Ihe event of 'I parllal lakm.g of IheProJ'Cr~y.
<br />otherwise agree in writing, there shall be applied 10 the sums secured by t~1S Deed of '(nlst'.s,.
<br />as is equal to that proportion which the amount of the sum~ secure<! by thiS DeedofTf!JSt.,
<br />talcing bears to the fair marlcel value of the Properly immedIately prtor tOlhe date oHakmg,Wltb
<br />paid to Borrower. . . .. .., .. ... ... ...
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that theeoll ..
<br />an award or settle a claim for damages. Borrower fails to respond to Lel\~er wl!hm J.O days' aftu..!
<br />mailed, Lender is authorized to collecl and apply lhe proceeds, at Lenders option, either to restora.."...
<br />Property or to the sums secured by Ihis Deed of Trust. . . ... ..... ..." . . .... ......>.'..u...
<br />Unless l.ender and Borrower olherwlse agree In Writing, any such applicallon of proceeds to pnnclpaIsIJa'IJ.m~t'~~L.
<br />or postpone the due date of the monthly installments referred 10 in paragraphs I and 2 hereofo~ cIum~,theaRlOll""'ot.:'
<br />such installments, . . . . .., .' .....".,'
<br />10. Borrower Not Released. Extension of the lime for payment or modificalion of amonization of t~stlll1S"sec;ut:lld>:
<br />hy this Deed of Trust granled by Lender to any successor in interes.t of Borrower shall not operate to rele~'lOany.mallner;.
<br />the liability of the original Borrower and Borrower's successors In mterest. lender. shall not be rell.UIt:ll'i. to commen~
<br />proceedings against such successor or refuse 10 eXlend time for payment or otherwise modIfy am,onlzaltonof, tl'!e;sums
<br />secured by this Deed of Trust by reason of any demand made by the ongmal Borrowe.r and Borrower s successorsmmterest.,
<br />I I. Forbe.....nce by Lender Not a Waiver. Any forbearance by Lender 10 exerclSml; any fight or rem~y hereunder,.or
<br />otherwise afforded by applicable law. shall not be a waIver of or preclude the exercIse of any such fI!!ht or Te~.
<br />The procurement of insurance or the payment of taxes or other hens or charges by Lender shall nol be a waiver of Lenders
<br />right [0 accelerate the malurity of the indehledness secured by this Deed of Trust. . ' . .. .
<br />12. Remedies Cumulative. All remedies prOVided In this Deed of Tmst are dlSt,"ct and cumulatIve to any other right
<br />or remedy under Ihi. Deed of Trust or afforded hy law or equity, and may be exercised concurrently, independently or
<br />successively.
<br />13. Suce-..rs and Assicns Bound; Joint and Senral Liability; Captions. The covenants and agreements herein
<br />contained shall bind, and the righls hereunder shall inure 10. lhe respective .uccessors and assigns of lender and Borrower,
<br />subject to tbe provisions of paragraph 17 hereof All covenants and agreements of Borrower shall be joinl and several.
<br />The caplions and headings of the paragraphs of this Deed of Trust are for convemence only and are not to be used 10
<br />IOterpret or define the provisions hereof , . .
<br />14~ Notiet'. Except for any noUce reqlllrcd under apphca~tc law ({) he. given In another manner, (a) any notice to
<br />8orrower proVided for in this Deed of Trust shall be gIven by mailing such nollce by certified mail addressed to Borrower at
<br />tbe ProperlY Address or at such olher address .is Borrower may designale hy notice to lender as provided herein. and
<br />(b) any nOlice 10 Lcnder shall be given bv cerlltied mall. return receipl requested, to Lender's address staled herein or to
<br />\u..:h t.llhcr addrcs~ ..I~ Lender may desfgn~&lc hy notlC\: hI lltlrruwcr as pr<wldetJ herein. Any notice provided for in lhi!\.
<br />Decd of Trusl shall be deemed 10 have been glvcn 10 Horrower or Lender when given in the manner designaled herein.
<br />15. Uniform Det'd of "rust; Gove-rni. 1.._; ~vtrability. rhl... form of deed uf few.t combines uniform ('ovenants for
<br />national use and non~uniform covenants with Iinllled VariatIOns hy Junsdiction to COns.ailure a uniform security instrument
<br />covering real property. This Deed of Trust shall be governed by Ihe law of Ihe )urisdicuon in which the Property is located.
<br />In the event thaI any proVISion or clause of Ihts Deed of Trust or '~e NOtl' contlicls With applicable law. such conllict shall
<br />not affect olher pr<.wislons of this Deed of Tru.st or the NOle which can he gIven etfect without the conflictmg prOVision,
<br />and 10 Ihis end the provisions of Ihe Deed "f Trust and the NOle are declared III be r.everable.
<br />16. Borrower's Copy. Borrower shall be turmshed a conforml-d <opy of Ihe NOle and of this Deed of Trusl al thc time
<br />of execution or after recordation hell':ot.
<br />17. Tl1IIISfer of the Propeny; A.ssumption. If all ,'r any part of Ibe Properl)' or an inlerest therem is sold or transferred
<br />hy Borrower without Lender's prio~ wnttcn con~nt. cAdudlOg (a) the: creation of a lien or encumbrance subordinale to
<br />Ihis Deed of Trust. (b) the creali<;n of a purchase money securily mleresl for houscl1old appliances, le) a Iransfer by devise,
<br />descenl or by operation of law upon the dealh of a )0101 lena III or (d) the grant of any leasehold interest of three years or less
<br />not cOOl.;uning an optton to purchase. Lender may. ~tt I.ender"~ option. declare all the sums secured by this Deed of Trust to be
<br />immediately due and payable. Lender shall ha;'c waived \uch option to accelerat(" if, prior 10 the sale or transfer, Lender
<br />anI.! the person to whom Jhc Properly IS 10 be ~old \.n tran)(crrcu rc.u:h agreemenl to writmg that the credit of ~uch pc(~un
<br />i, satisfactory 10 lender and that tbe .nterest payable on Ihe .um. ,,'Cured by Ihis Deed of Trusl shall be at such rate as
<br />Lender shall retfuest. If Lender has waiV'eU the upllOn 10 accelerate provided in this paragraph 17. and if Borrower's successor
<br />in interesl has executed a written a...qumption agreement a~..:epted III writang hy Lender, Lender shall release Borrower from
<br />all obligallons under Ihis Deed of Trust and the Note
<br />If Lender exercises such option to 3.!.:celeralc> l.cntler ,h..U mall Horr~lwer notice of acceleration in accordance with
<br />paragraph 14 hereof. Such notice shall provide a p<:nod of "UI less than 30 days from Ihe date the notice is mailed WIthin
<br />which Borrower may pay the sum~ dedared dLl(", If 8urlow.:r (;ub 10 pay sut.:h sums prior 10 the expiration of such period.
<br />Lender may, wilhout furtber notice or demand on Burrower. IIlvoke any remedle. permitted by paragraph 18 hereof.
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<br />NON~UNIl-'ORM COVI:.NANTS. Borrower anti Lender turthcr t:ovenanl and agree as follows:
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<br />18. Ac.-eleralion; Re_dies. E"cept as proyided in par........... 17 hereof, upon Borrower's breacb of any covenant or
<br />lIl:_me..t of Borrowrr in tbis lleed 01 Trusl, indudina the coveutlllls to pay when due any .ums secured by this Deed
<br />of Tr..... I~nder prior to acceleration sluoIl aWl nolice to Borrower as proYided iu panllrapb 14 hereof speelfyloa: (I) the
<br />breach: (2) the actiou required to cure slleh breach; (3) a date, DOl Jess lhau 30 clays from lhe date lhe ootke is mailed 10
<br />Borwwrr, by whkh ,ul'h breach m..... be cured; and (4) that failure to cUre such b""",h on or hefore the date specified
<br />i.. llle ootite may resull in a<:rete.....tion of lhe ..._ secured by this Ilftd of Trust and sale of tbe PropeJ1y. The notin
<br />shall fuJ1her inform Borrower of tile naht to reinstate afler acceleration and the ricbt to brieg a eouJ1 action 10 assert
<br />tbe no"..,llisIe/H:e of a defaull or auy otller defense of Borrower to accelention and sale. If lhe breach is not cured
<br />Oft or before lbe c1ate specified in tile nolin, Lender al bnder's optina may declare aD of the .u..... secured by this Deed
<br />of Trusl to be immediately due and payable withouI fuJ1l1er demand and may iuvolle the power of sale and aay otber remedies
<br />permilled by applicable law. Lender shall be enlitled to coiled aD r_nable costs and expensos Incuned In pursuing tbe
<br />remedies provided iu this pal'llfCrapb t8, InclllllinK, bill not limited 10, reawnable attomey's fees.
<br />11 the power of sale is invoked, Trustee shall record a noIice of delaull in eacb counly in whkh the PropeJ1y or some
<br />part thereof is located and shall mail copies of such DOlice in the manner prescribed by applicable law to Borrower and 10 the
<br />other persons prescribed by appIieaIIIe law. Afler the lapse of such lime as may be reqWred by appIkable law, Trustee shall
<br />ain public notice of Sllle to the perso". and in the manner prescribed by applicable law. Trustee, wllbout demand on
<br />Borruwer. shall >4'11 the PropeJ1y al public alletion 10 Ihe hit\hest bidder at the time and place and under the ler..... deslanated
<br />ia the DOlice of sale In ooe or RIOre parcels and in sueh order as Trustee may detenniae. Trustee may poslpoae sale of aD
<br />or any pared of tile !'ropeJ1y by public announce_nl at the ti_ and place of any prniou5ly scheduled sale. I.ender or
<br />I.cnder', desixnee may purch_ IIIe ProperlY at any sale.
<br />Upon receipt of pay_nl of Ihe price bid, Trustee shall deliyer to the purchaser Trustee's deed eonveyina the Property
<br />sold. Tbe reeit.... in the Trustee's deed shaD be prima facie evidence of the truth of lhe statements made therein. Tru..tee
<br />shall apply the prox:eeds of the sale in the follow'.. order: (a) to aD reasonable costs and expenses of the sale, including, but
<br />noIlimited 10, Trustee's fees of not more than .05 % of the gross sale price, reasoaable allorncy's fees and costs of
<br />tide eyldeuce; (b) to aD ou..... secured by Ihis Deed of TrllSl; and (e) lhe excess, If any, to the person or persons lecally entitled
<br />I........
<br />19. BorroWer'. Itlaht ,to Reinstate. Notwilhstandlng I.ender's ~ceeleralion of Ihe slims secured by Ihis Deed of Tn,,!.
<br />Borrower shall have Ihe. flghl 10 have any proceedings hegun by Lender 10 enforce this Deed of Trust discontllllled al
<br />~ny ~Ime pflor to the earlIer 10 occur.of (i) Ihe fifth d~y bch>re the sale of the Property pursuant to the power of sale conlained
<br />III thIS Deed of Trusl ,!r (II) entry of a Judgment enforcing thIS Deed of Trusllf: (a) Borrower pays lender all sums which wOllld
<br />he then due under thiS Deed or Trust. the Note and noles securing FUlurc Advances, if any, had no nccclcralion uccurr~d;
<br />(h) 80rruwcr cures all brc:~chcs uf any olhcr cOVcn\.lnls or agreements of Borrower contained in (his fA>-eu of Trust:
<br />(el Borrow~r pa.y:s al! n:~nable e\penses incu~rcd by L,cmJcr and Trustee In enforcing the covenants and agreements of
<br />Borrow~" con.tamed In lhl~ Deed of Trust and In enfor,cl~g Lender's and Trustee', remedies as provided in paragraph IS
<br />hereof, IncludmB, bUI not Iimlled to, reasonable ~Ilorney s lees; and (d) Borrower takes such action as Lender mal' reasonably
<br />reqUIre 10 ...ure thaI Ihe lien of th.. Deed of frust, l.ender's inlerest In the Property and Borrower's obligation to pay
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