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<br />83_005032
<br />9. CoItdeIaIllldoD. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemoaliml or olber laking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and .hall he paid to Lender.
<br />In the event of a tolallaking of the Property, the proceed. .hall be applied to the .um. 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 />otherWise agree in writing. there shall he applied to the .um. .ecured by Ihi. Deed of Trust .uch proportion of the proceeds
<br />as is equal to that proportion which the amount of the .um. .ecured by this Deed of Trust immediately prior to the date of
<br />taking hears to the fair market value of the Property immediately prinr 10 the date of laking, with the balance of the proceed.
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice hy Lender to Borrower that the condemnor olfersto make
<br />an award or settle a claim for damages, Borrower fail. to r..pond to Lender within 30 days after the date .uch noticei.
<br />malled, Lendeds authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of tbe
<br />Property or to the sum. secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due dare of the monthly installments referred to in paragraph. 1 and 2 hereof or. change the amount of
<br />such installments.
<br />to. Borro....er Not ReIeMed. Extension of the time fOT 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 shaH not operate to release, in any manner.
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the- sums
<br />secured by tbis Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors' in interest.
<br />11. F~ by Lender Not a Waiver. Any fnrbearance by Lender in exercising any right or remedy hereunder, or
<br />otberwise afforded by applicable law, shan not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebledness secured by Ibis Deed of Trusl.
<br />11. Remedies CulllUlattve. All remedies provided in this Deed of Trost are distinct and cumularive to any other right
<br />or remedy under Ihi. Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or
<br />successively,
<br />13. s...c- and AuigDo Bound; Joint and &veral Liability; C.plio.... The covenants and agreements herein
<br />contained shall bind. and _be rights hereunder shaH inure to, {he respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof, .<\11 covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of tbe paragraphs of this Deed of Trust .are for ~onvenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. Nodu. Except for any notice reqUired under applicable Jaw to be given in another manner, (a) any notice to
<br />Borrower pro"ided for in (his Deed of Trust shaU be given by mailing such notice by certjfied mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b) any notice to Lender shall he given by certified mail. return receipt requested, to Lender's address st.ted herein or to
<br />such _ other address as l..ender may designate by notice to Borrower as provided herein_ Any notice provided for in this
<br />Deed of Trust shall be deemed to have been given 1O Borrower or Lender when given in the manner designated herein.
<br />15~ Uniform Deed of Trust; Gove-rning ,....,,; Senrability. This form of deed of trust combines uniform covenants for
<br />national use and non-uniform covenants with limited vari-atj()ns hy jurisdiction ,to, constitute a uniform security instrument
<br />covering real property. This Deed of Trllst shaU be govern-rd by the law of the JurISdiction in which the Propeny is located.
<br />In tbe event that any provision or clause of this Deed of Trust or the Note conflicts with applicable taw, such conflict shall
<br />not affect other provisions of this I:leed of Trust' or the Note which can be given effect without [he conflicting provision.
<br />and to this end the provisions of the Deed of Trust and the Note are declared to be severable.
<br />16. a-r. Cop)'. Borrower .hall be turmshed a wnformed coPY of the Note and of this Deed of Trust at the time
<br />of uecution oro.ttcr ~n hereof. .
<br />11. T.....er of the Property, A-.npdon. Jf all or any part of ,he Property or an interesl lherein is sold or transferred
<br />by- Borrower without Lender's prior written consenL excluding (a) the c.reation of a lien or encumbrance subordinate to
<br />this Deed of Trmt, (b) the Cre4tIQ1'i of it purcbase money security interest for household appliances, (c) a transfer by devise,
<br />descent or by operation of law upon tbe deatb of n Joint tenunt or {d) the grant of any leasehold interest of three years or less
<br />~ot containing an option to purchase, I,-ender may. at J .ender':l optit?o. declare all the sums ~ecured by this Deed of Trust to be
<br />immediately due and payable. i...aJder shaH have 'I,l,'awed SU-Cfl optIOn to accelerate if, pnor to lhe sale or transfer, Lender
<br />and 1he pc-rson to whom the Property is to be wid or transferred reach agreement in writing that the credit of such person
<br />is satisfactory [Q Lender and lbat the iute-rest p.tyabie on the sums sQcured by this Deed of Trust shall be at such rate as.
<br />LendershaJl request. If Lender has waived the option to accelerate provided in fhis paragraph ]7, and if Borrower's successor
<br />in inlen;:st has eAet.."Uted a wriUe:n assumption agreement accepted in writing by Lender, Lender shall release Borrower from
<br />aU obligo.tiora under this Deed of Trusl and the Note,
<br />If Lender exercises such option to accelerate, Ll."ndc!'( shali mall Borrower nOtice of ac-eeleration in accordance with
<br />par.agraph 14 hereof. Such notice s.hall provtde a period of not h::$~ than 30 days from.tbe date the notice is mailed within
<br />whn;h Borrower may pay tbe SU~ declared. due. H Borrower falls to pay such sums prJor to the expiration of such period.
<br />Lender may, without furtber noUc.'e or demand on Borrower. iTl,,'okc any remedies permitted by paragraph 18 hereof.
<br />NON.UNlfOJ.M COVEN"NTS Borrower and Lender further CQYell8nl :m_d agree as follows;
<br />18. A<<denlioa; Rf'RlIf4ia. .~:ue-pt as provkl<<lln pa.raaraph 17 hereof. upon Borrower's brnch of any covenant or
<br />",1Ye18fllt of Borro*u in tn DeH. of T~ ioclQding the covenants to pay when due any SUft1tii secured by this Deed
<br />of Trust, LeDder prior to acce\erolion sholl ma.iI ....tic. 10 Borrow<r .. pro.ided in paragraph 14 hereof .pecifying: (I) the
<br />"-h; (2) I~ ""lion ..qulred 10 CUR such h.....h; (3) a dol., not I... than 30 do.y. from the date the notlee b mailed 10
<br />Borrow~... b)' which sud1 brtach rnUliit ~ l't.lJ'ed; and (4) that faUure to t..'ure such breach on Of befor~ the date specified
<br />in t~ notke ....y ..soil in ...edeflllioo of lhe ....... ...,Uffd hy Ihit; I>e.:d nf Trust .nd 5llI. of the Property. The notice
<br />shaU fUl1ller worm Berro\\'e-r of the riaht 10 l'finstate af.~.. :K:c-eleration and the right (0 bring a court action to assert
<br />the ooa..eUstelKC: of a default Of an,. other defeusc. of 8orTO",,'er Co ac..:ereration and sale, If the breach L'i not cured
<br />on or hefon: the dote specified In t~ notice. tender ., Lender's uptibn may declare all of the .nms secured by thi, Deed
<br />of T...... to he illHDelliately d... and payable withnul further demand .nd mo.y in.oke the power of sale and .ny other remedies
<br />perwiueG by appUcable Jaw. l..eDder shall be t'ndtled to culled af) reasonable {'osts Hnd expenses incurred in pursuing the
<br />remedlcti p""ided lu this panIlInoph t8, jgdudit'll, but oot limited to, re_nahle altomey', f....
<br />If.the power of..... is iI...oked, Trust.. sholl R"""" a notk. of default in e....-h <ounly in whkh the Property ,ft .ome
<br />paI1l~ b lo<:ated aadshaIJ ma.iI <opIe> of sod. notice in tbe mano.r prescribed hy .pplicabl. law 10 Borrower and to the
<br />ntlIerperiOos _rihed b); .opplicollle law. After the lapse 01 such time.. may he required by applicahle law, Trn,tee shall
<br />&hC' pa.tIIk tIOd<< of s:::.J:e to lite persons a~ in the In.fwer pres<:ribed by uppliC1lblc law. Trudee. without demand on
<br />~er, shaIJ ..II t~ Property... poblic .uction 10 t~ highes' hidder .t the tlm. and pl.ce and under th. terms designated
<br />I" tloo notke of sole'" _ or m_ "",eels and in .uch order as T....t.. may delermln.. 'fruslee may postpone ..Ie of .U
<br />011 aay plIrW of the ~rt,r .by public ....noooc._nI at the Ii.... .od pl... of any pr..iously scheduled sale. Lend.r or
<br />I..nder'. ...........,. _ pun:hase tI.. Property... ...y We,
<br />Upoll ~ of payment of the prico bid, Trustee 'holl deli..r 10 Ihe pun:......r Trust.... deed ronveying 'he Properl)
<br />""". TIle redll!la In. t~ Trustee'. deed shaD he prima fade evideme of the truth 01 the st..letnents lOad. therein. T.....IO<
<br />......liIIPb lhe pr......... of the ...te In the following ..rtler: (aj to .11 r......lIllble '....ts...d expenses of ,he 5llIe, including, bnl
<br />IlQl ~ 10, Tl'VOlft'. f~ of.1lQl more !ban h of 1% of the gruos sale price. r.a...n....l. "llDmey'. fee. ..nd <IlSl' of titl. ..id,...ce:
<br />{b)lDoII_-.redhythls Iloodof'l'ru>t; audit) the."t.... if...y, to the person or persora lopIly entitle<lthereto,
<br />_ 19. -~K. Riabt to Jl.e.imiDte~ Notwithsta-f1(hng-l...cmier's. acc('leratioll of the .s.um~ sc-l.~ureJ hy thh Dt.~d 1..'1" TW_\I,
<br />Barr-()Wer ,hall have the richt to have an)' pr~eeJjngs begun by lender {o cnfor~ this Deed of TruSl JiM,:Ol1tinuco at
<br />~ny:~lmtt' prior to the -earlier to oecu!"_of (~) the fifth day before the. ~lc of the Propcny punu~nl to t111; power of sale conlaln('d
<br />16 lhU ~-Q{-Trwt Of (ii) enuy of a jm:Jsmcnt enfordng this ~ of Trus-t if: {a) Borrower papt Lemler aH :sym~ which ",-,:wld
<br />~ .then_due. tJJlder th:ii., l'>eed \.~ Tn~t. the NOfe a_ad notes -scclIT!08 Future Advance\;. if .,ny. had no ..c,-,t1er..tion (lCCllffl.."\J:
<br />(b) Bot:W\\'er tum ...t M~heJ of Any other cO'V(:-nafll~ Of -Ag~melll). -of Borrower cQmaineJ m this Deed of Ttus.t:
<br />ft-) 'borcUWef pajl aU- t(,a1;Ona~ .e~peh'es ir<<;;'urred bv L~mdcr aod Trustee in etlf\.'ffCing lhe covenants and a:grl..~m-cnt~ d
<br />BotfO"tio_',er- ~-~_aincd to. :d'if.$ J?ecd (l1 Tru..t.( ;iOO in en(orcing_ Lemfu:r'l and T(uJi.t~c'l,!. remedlC;1 ii~ pro'tidcd in paragraph 1 X
<br />hc:t~qf~- incJudiitlo t.lQl M-, fJ.m.$.ttd-_w. "e~Utble ~U(N"m::)"_s tW\: arK! td) Borrower takes sut.:h adioo as I.(.'lllkr may fCU':iOfl,-lbl~
<br />'e.ftttitt! _to mUte- thal tnt lien \)f tb>>: -[.)ccd ,if -l'ru-~t. l.~(i Inlett"'''-! in- dt.t; Prc.pc:ny ami B.('rr'O\\;c~'s obHgaf\on 1(1 r'4"
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