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<br />9. Condemru*tio~~ The proceeds of any aYlard or claim for damages. direct or consequential-. in _ CQnnec~ion with _any
<br />condemn;1tion- or ofher laking of the 'Property, or part thereof, or for conveyance in lieu of condemnation, 'are hereby assigned
<br />and' shal1be paid to Lender.
<br />In the evenl of alola I I akin go! Ihe Properly, Ihe pr<lceeds shall be applied 10 Ihe sums securedhyll1isDeed of Trtlst,
<br />wi(n--~z-,exeess. i.f-.a~y" paid--to Borrower. In the c'lent ofa partial laking of the ,Property.,unl_ess"aorrowe:t:'-~nd Lender
<br />otherwise' agree in _~ting., there shall be- applied to the sums-secured by this Deed of Trust- such .proportIon- of--t_he"prot~~s:
<br />as is 'equal 10 !hal proportion which the amounl of Ihe sums secured by Ihis Deed of Trust immedialely. prior to.the.dale,of
<br />lakin-t',~ars-to--d-le-fair ma'rket- value oflhe -Properly Immediately prior to the date-of taking;-with the-balam:e~()-f.th.e' proceeds
<br />paid: tc,.,'B-o-rrow-er.
<br />1(- _th~ P~opei1Y is. ab.mdoned by Borrower.or if. aflcr noht:c by Lender to- Borrower- tl}a_t the- condemnor offers to make
<br />an -:awa_i'd or set-tie a ~f.aim for damages.- Borrower fails to respond to Lender within 30' days after the date such oQtice is
<br />malledi", Lender 'ls"authorized -to cofJect and apply the proceeds, at Lender's option, either- to restoration_ or repair oL~h~
<br />Propetlyono Ihe sums secured by this Deed of Trusl. . . . . . '
<br />Unless Lender and Borrower otherwise agree in writing, any such ~pplicatlon of proceeds to prind'Pal shatl npt e_xt_end
<br />or postpone tbe due d:ttc of the monthly installme-nlS referted to in paragraphs- -I and- 2 hereof or change, the amounl ,of
<br />such' - installments.
<br />JO~ Borrower Nof- Releasede Extension of the time for paymcnt or modification of amortizati()1l of the -sums secured
<br />by this-Deed of Trust granted by Lender to any sUCt:eSSor in interest of Borrower,shall not operate-,to rel~'\se;- in: _any ('Qa.ilner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be requi,red- to comme,ncc
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of. the -5.ums
<br />secured by -this Deed of Trust by reason of any demand made by the original norrower and Borrower's succc;ssors 111 interest.
<br />It. Forbearance by Lender Not a Waivff. Any forbearance by Lender in exercising any right or -remedy hereunder, or
<br />otherwise 3ITorded by applicable law. shall not be ;} waiver of or preclude the exercise of any such right or ~emcdy,
<br />The procurement or insurance or the payment of taxes or orher liens. or charges by Lender shalt not be a waiver of Lender's
<br />right to accelerate the maturity of the indebtedness secured by this Deed of Trust.
<br />12. Remedies Cumulative. AU remedies provided in this Deed of Trust arc distinct and cumulative to any uth-cr r~ght
<br />or remedy und-er this Deed of Trust or alTorded bv law or equity, and may he exercised concurrently, independently or
<br />successively. .
<br />J3. Successors and Assigns Bound; Joint and Seve.-al Liabili(.., Caption.,;~ The covenants and agreements herein
<br />contained shall bind. and the rights hereunder shail inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph 17 hereof. All cO\'enJnts and ~lgrccmcnts (If Borrower shall be joint and several.
<br />The C:lptiC:lS and headings of the paragraphs of !his Decd of Trust are for con\'~uiencc only and are nol to be used to
<br />inlcrprct or define the provisions hereof.
<br />14, Notice. Ex.cept for an)' notice required under ;'Ipplicablc law to b~ given in another mnnncr, ea) any nOlice 10
<br />Borrower provided for in [his Deed of Trust shaH be given by mailing s~lch notice by certified mail addressed to Borrower at
<br />the Property.Address: or .H such other address .:IS Borrower rnay designate by notice to Lender as provided herein, and
<br />tb} any notice to Lender shall be given by certified mail. return receipt requested, to Lender's nddrcss stated herein or to
<br />such other address as Lender may designme by notice to llorrowcr ~~s provided herein. Any notice provided for in tl.lis
<br />Deed of Trust shali be deemed to h.::lve been given to Borrower or Lcnder when given in the manner designated herem.
<br />15. Uniform D<<d or Trust; Governing Law; Severability. ThiS form of deed of trust combines uniform covenants for
<br />national use and non.uniform covenants wilh limited variations by jurisdiction to constitute a uniform security instrument
<br />~o\lcring real propeny. This Deed of Trust shall be governeJ by the law o[ the jurisdiction in which the Properry -is located.
<br />In the event that any provision or clause of this Deed oi Trust or [he Note i.:onllicts with applicable law. such conllict shall
<br />not aff-ect other provimotU: of this Deed of Trust or the Note: which can be given cITcct without the conflicting provision.
<br />and to this end the proviSIOns of the Deed of Trust and the Note are declared to be severable.
<br />1'. Borrower's C()py~ Borrower shall be furnished ~\ conformed cop)' of the Note and of this Deed of Trust al (he time
<br />of execution or alter recordation hereof.
<br />J1. Transfer of the,Prope-rty; Assumption. If all or any part of the Property or an interes.t therein is sold or transferred
<br />by Borrower without Lender's prior wrinen consent, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Deed -of Trust. (b) tht creation, of a pUfch::lSC money securlly inlerest for household ~\ppiiances, (c) a transfer by devise,
<br />descent or by.operation or l~w upon the dCJ;th of J j0inl ten.HI! or (d) the granl of any leasehold 'interest of three rcars or le-s:s
<br />:,01 -conl;lioh~ an, optjon tQ pur.chasc-, Lender may, at LCIH.icr's Op,lton. dedare "lIlhe sUf11s_secur~d by_ thj!j, Peed ,o_~ ~tl1st to be
<br />llnmcdiatcty due and payable. lender ~han have waived such oplion to accelerate, if, pr;iO'r.-lO \lh(LS~le,:or,_4'~AA(e ^f;;endcr
<br />and Ihe person to whom the Property is to be sold. or Ir:.IOsfcned reach ilgreement Hl writing, _ '. ,Qr)ii "son
<br />is satisfactory to lender and thai the interest pa.yabh: Oil the sums !)l.':I::lICl:U by this Deed ~("Tni~l ~t-~~su. a~
<br />l.ender shall request. If Lender has waived the option to accelerate provided in this paragraPh'l"J.,-.a _' r~s
<br />In interest has executed a written ;lssumption agreement a.;ccpted in writing by Lemkr, Lender shall release Borro
<br />all obligalions under this Deed of Trust and the Note.
<br />I[ Lender exercises such oPlion to accelerate, Lender shall mail ilorrowcr notice of accclcnuion in accordance with
<br />paragrapt"l 14 hereof, Such notice shall piOyidc a period of not less. than 30 days- (wm the date the notice is mailed within
<br />which Borrower may pay the sums declared due. ;f Borrower [.Iils to P~\y !iuch sums prior 10 the expiration of such period.
<br />Lender may. without further no-tice or demand on Borrower, invoke allY remedies permitteu by paragraph 18 hereor.
<br />NON. UNIFORM COVENANTS. Horrower and Lender further covenant and agree as follows;
<br />18. Acceleration;. Remedies. Except as provided io p.aragraph 17 hereof, UpOll Borrower's breach of any (ovenant or
<br />agre~mt!nt of Bturo,,'cr in this Deed of Trust. including the co,tenants to pa)C \'t'hen due any sums securt."d by this Deed
<br />of Trust. under prior to acceleration shall mail nutice to Borrower 3S prcnided in paragraph 14 hereof specifying: (1) the
<br />ble...",h; (2) the action required to cure such breach; (3) a dale. not Ie..s than 30 days from the datt: the notice is mailed to
<br />8ouou'rr", by which such breach must ~ cured; and (4) (hut failure 10 cure Mu;h h<<ach on or before the date specified
<br />in the notice may result in accelcralion of the sums sccured by this need of Trmil ~1I\d sale of the Property. The_ notice
<br />shall furthel" inform Borrower of Ihe fight to reinstate after acceleration anti the right to bring OJ court llclion to 8.'iScrt
<br />the nun~c::dstence _ of :l default or any olher defense of ~orro",~f ~o ~'l'celerotti'1tn nnd sale. If the breach is not cured
<br />on or bel ore the da~e specified in the notice, Lender at Lender's opiion may declare aU of thl! sums secured by thi~ Deed
<br />of Trust to be immediatel)' due and payable without further dcmand and Inay invoke the powcr or sale and any other remedies
<br />pe.~nliHed b)' appUcable law. Lender sha.U be entitled to coUect aU rc-ason:lble (,'osls and eXJlenses incurred in pursuing the
<br />fe~dies pruvided in Ihis par~rapb IS~ irh,'Juding, but nol limited to. reast.;t:dllc ul1orney's fees.
<br />If the: power of sale is inyoke-d~ Trustee shan record a notice of default in c:lch county in which the I)roperty or some
<br />part thereof is located and shall mail copies of sm:h no'ice in the manner pre....cribed by applicable law (0 Borrower and to the
<br />o-thcr persons prucribed by ;a.p-p-licablc la,,,,'. Afler tht lapse of su<:h HOle ~ may be required by applicnble lawf Trustee shall
<br />Xiv'e-_public- notice 0{ sale t.o the ~rso-ns ~md in the manner prescribed by applicable law. Truslee, without demand on
<br />Borrow,,-. shan sell the- Property at public auction to tbe highest bidder at the time and place and under the ferms designated
<br />in tb~ no_lice of: sale in one or more part:cis 3Dd in such order as TnlStee may determine. Tru~tcc may postpone sale: of aU
<br />or an)' pared _of tbe, _Propert~ by pubUt; annu-unccrneJ1l at the time and place of any pre\'iously sl~hedulcd sale. Lender or
<br />Lcnde..~$. desi&n-ec may purc.base- tb~_Propett'i. Dt an.)' sale.
<br />l1PQ.Q,rt(_e-ipt'C)f P~lhltm_t of lhe priCe bid, Trustee shall de-live,- io the pun.haser Trustee's deed c-onvcJinJ: the I-rope-rty
<br />Wi,!. T~ rct-~;lJs: 1ft .he T-ruste1:~s d~cd :shall be prima fadt c\'ideucc o[ Ihe. truth of the: sta.crucnls mndc Huucin. Trustee
<br />.s:J~ ~.p,l, 'K 'Nt,ceds or Uu: _$ale in Iht. folluwing: order: (a) to all rca.<lOorntblc costs and expelises of rhe -sal~J inf.:luding. uut
<br />RQtUnUted to., Tt'us&ccls fus oJ-not .noft: (han _. ~ % of the gross sale prke, reasonable aUomcy.s fees and i;osts of
<br />ti4e-:cvkfenc-t{ (b)- to all surns_sec~rtd hy ihis Deed or Trust; and (<:) the excess.. if any t to the persun or perso"s legally cntilt~d
<br />tIMM.O~
<br />~9. -~w-t..'s Ri$,tbt to Rem~h"e. N.tltwjthsl~ndin& Lco"kr's accclcrali<,l;', of the sums sccurcJ b-y Ihn Deed ~)f Trll:;.1.
<br />Uprr~wcr -S~:l\l_ ha'l(~ the.ri,ht 10 ha.ve ~ny pr<x;-c-cmnss_ begun hy Lender 1\\ enforce this Deed nf Trust dis-conlllllled at
<br />any !111\e pnor_lo the carhcr to: ~.cUf of (i} the fifth uay bef(~fe the sale or the Pt\ipcrly pursu~nt \0 the power of sale comaincd
<br />l1uht$-O~~d &-CTr-u$l ~f (!l) entry _of Ii judamenU::tl(orciug this Deed of Trm,t if: Ci.l) Bl;.'\nower pa)'~ Lender all 'Sums whie-h IJ.'oulJ
<br />be_ lh'C_1l ~~ ll-~.uC-( ,'hi. Deed_9fTrll!>l,_ the NutC" ana note5_ $\:G-ur-ing Future- /\dv.un-ccs. If '-ill)'. h.ad {H~ t\CCl;lcrallpn oCi,;urreu:
<br />(t:))_ B~n;~w~~p CUfe$ aU b(~.th~ O-f any ,,~I':w:r covenants- or l\greemen-r~ of Borrower con,taBled Hl tNtS Deed of TrU'Jt;
<br />h;:} ~ffiJWC.f tMi)'l_ -at.! {(l.i\-~on;t})le. e'\pcn~cs lt1eu~r~d by L:ent:kr aod l'f'll-stce in ~n(ofcmg (he CO\'c,nllul$ and ~gn.'cmcllls (\1
<br />h_()rtow~~ c-o~!.a1.ned U\ I~ J~cd -O-f IH~_H OltHt Hl enlQfcUlg LeruJe_r't ~nd Tfu"tCC.'~ feme-die'$. !15- pHl'dded III paragf.tlph I X
<br />h(:r~~t, mc:1mhul. bu.! ntH hm!lcd, to, n:::usn!u\blt UU(!-ffi!;)"l (.c,j.;~;; anu (u) UQ-rn.)w~r l;\Kt::i- 'w;;;h il.ct~on ;I;!; L;;:mk:r
<br />rt-q,\~tt:\t tQ -:t.U-tJf-e dt3t tn:t 1~en of lon-is De-ed i,.,.f Trust. LenUc(.l} interest in thl; f'{(:lp-emy and Ut)nj)w{:"~
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