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<br />83- 008624
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<br />9. CODdemutloa. The proceeds of any award or claim for damages. direct or consequential, in 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 toL=der.
<br />In the event of a IOtaltaking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust.
<br />with the excess, if any, paid 10 Borrower. In the event of a partial taking 01 the Property, unless B"rrower and Lender
<br />otherwise agree in writing, there shall be applied to lhe sums secured by this Deed of Trust such proportion of the proceeds
<br />as is equaltc that proportion which the amount of the sums secured by this Deed of Tru.t immediately prior to the date of
<br />taking hears to the f.ir market value of the Property immediately prior to the date of taking. with the balance of the proceed.
<br />paid to. Borrower.
<br />If lilt Property i. abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to roue
<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 authorized to collect and apply the proceeds. at Lender's option. either to restoration or repair of the
<br />Property or to the ."""' secured by tms 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 date of the moothly installments referred to in paragraph. I and 2 hereof or change the amount of
<br />.uch installments.
<br />Ie. - 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 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 interest. Lender shall not be required to commence
<br />proceedings agaillSt such successor or refuse to extend time for payment or otherwise modify amortization of- the sums
<br />secured by this Deed of Trost by reason of any demand made by the original Borrower and-Borrower's successors. in interest.
<br />t t. - fl~ by Le.... Not . Waiv~r. Any forbearance by Lender in exercising -any right or remedy hereunder, or
<br />otherwise afforded by applicable JdW, shall 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 L~nder shall not be a waiver of Lender's
<br />right to accelerate the maturity of the indebledness secured by this Deed of Trusl.
<br />12. ttemeclies CUlllulative. An remedies provided in this Deed of Trust are distinct and cumulative to any other right
<br />or remedy u~r this Deed of Trust or afforded by law or equity, ~nd may be exercised concurrently, independently or
<br />successively.
<br />13. 5acc:eaon and Assi&a Bound; Joint and Severa! UabOity;. Captions. The covenants and agreements herein
<br />contained shall bind~ and the rights hereunder shall inure to, the respecllve ~uccessors and as.lliigns of Lender and Borrower,
<br />subject to lhe provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and beadings. of the paragraphs of ths Deed of Trust arc for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />1-4. Notke. Except for any notice required under applicable law to be given in another manner. (::t) any notice to
<br />Borrower proviCed for in this Deed of Trust shaH be given by mailing such notice by cenified mail addressed to Borrower at
<br />tbe Property Adckess o-r at such other address as Borrower may designate by notice to Lender as provided herein. and
<br />(b) any-notice to Lendcf" shall be given by certified mail, return receipt requested. to Lender's address stated herein Or to
<br />-such other address as Lender may designate by notice W BorTOwu as provided herein. Any notice provided for in this
<br />[)eed of Trust shall be deemed io have been .given. w Borrower or Lender when given in the manner d~ignnted herein.
<br />1!~ Unifomt DfttI of Trust; Goyeminl Law: ~\'e;''ahijjty. This form of deed of trust com~:nCi l.mifur.....; i,..Jvenan~s for
<br />national use and non.uQiform covenants wirh limited variations uy jurisdiction to constitute a uniform security instrument
<br />covering real property. ~is Deed of' Trull sh~i1 he gov~rned hy the law of the jurisdic~ion in which the Property is located.
<br />In the event that any prOVIsion or da~ of thls Deed ot Trust or lhe Note conflicts With applicable law, such conflict shall
<br />not affect other provis-ions of this Deed of Trust or the Note which can be given effect without the conflicting provision.
<br />and to thi5 end the provisions of lhe Deed 01 Trust and the Note are dedated to he severable,
<br />16. Borrowers Cop,. Borrower .shali be furmshed .t \:onformed I.':opy of the Note and of this Deed of Trust at the time
<br />of execution or after recordation hereof
<br />17~ Traalfe:1' of rite ~y; ~pdoa. If aU or any S-.art of the Property or an interest therein IS sold or transferred
<br />hy Borrower without Lender 5 prior wntten con~~nt. exdudin~ (a J Ihe 1.'realion of a lien ~r encumbrance subordinate to
<br />tms Deed of Trust. (b) the creation oi a purchase money securIty interest (or household appliances, (c) a transfer hy dr~';"~.
<br />descent or by operation 'Of law upon the death of a jomt tenant or (d) the grant of any leasehold interest of three years or, 1~
<br />not cont-.inina an optIon to purchase, l..cn.der may I at Lender's. option, declare all the sums secured by this De~d of Trust ;:0 be-
<br />immediately due and payable. Lender shall have w~uved such optIOn to accelerate if. prior to Ihe sale or transfer, lender
<br />and the person to whom the. Pl'OpC'rty ~$ to be -St.;ld ur tt"osferred reach agreement In writing that lhe credit of such person
<br />is satisfactory to Lender and that the mterC$t payable on the s.ums secured by this Deed of Trust shall be at such ratc as
<br />Lender shaH request. If Lender has waived tbe: Qpiion to accelerate proVIded in this paragraph 17, and if Borrower's successor
<br />in intoR:st, has executed a written assumption agreement ac(..--epted in writing by Lender. Lender shalt release Borrower from
<br />all obllptions under this Deed of Trust .nd the Nnte.
<br />If Lender exercises s:uch o.ption to accelerate, Lender ,-hail mail Rorrower notice of acceleration in accordance with
<br />panlllftlph 14 hereof. Such notice.halI provide a period <If ""t k.. lhan 30 day. from the date the notice i. mailed wi,hin
<br />which Borrower may pay the sums declared d~. If Borrower faii.s t-O pay ~uch sums prior to the expiration of such period,
<br />lender may, Without further notice Of -demand on Bor-rower, m..."kf" any remedies permined hy paragraph 18 hereof.
<br />NON,.UNlroIlM COVfN"NTS. Borrower and l.ender tunher cO\"Cnani and ~Igree as follows;
<br />Ill. A<<CIcntion; R~_ Except as provided in partICTJIplll7 heftof, upon Borrow~r's bre""b nf any cov~......t or
<br />...-_1 of ......._r In llriI Deed of T.....I, includilll tM covnanls 10 pay ..b~n due any .ums secured by tbls Deed
<br />of T...... Le-. prior 10 __ shall mail noli<< to Borrow~r as provided in paragrapb 14 Mreof specifying: (1) th~
<br />~l (2) ..... ""..... reqtolre4 10 care _ brach: (31 a d"~. nOl 1_ than 30 clays from Ihe da..e lhe nollc~ is mlliled tn
<br />IJorn>wer. by _ _ _h m.... be cured: ami (41 thai failure 10 cure sucb bmlcb on or before Ih. dale .pecified
<br />in the ItOlln: -.)' _ in ..<<Ientinn of tbe su_ secured by this Deed of Trust ami sale of th~ Property. The nollc~
<br />shall f_ infMm IJorn>wer of lhe ..lat to rei_ after ""<<kralion and lh~ rllb! to brilllC a court action to _rt
<br />..... _""'10<< nf a def_ or lID' otllu def_ of Borro..~r to acceleration and sale. If the breacoh Is nol cured
<br />DB .... ......... the dale spedfled In lhe noli<<, Lemler al Lender', option ....y d.c1ar. all of th~ .u.... secured by this n~ed
<br />of T..... to be l........dy d... _ pa~ ..lthonl further delftllDd and ....y iovolt~ lhe po..... of sale and any other remedlrs
<br />.......... by applIeaWe law. LeRder sluoII be entllled to roIlod IIiI r_bIe costs and npe..... il1Curml In punuina the
<br />~ ~ ill I" ~ 18, hKludiIIIl. but not Ilmited I... ~OabIe att_y's f.....
<br />If the po_ of sale is iII....ud. Trustee sluoII record a noli<< of default io ead> counly in wblch Ibe Properly or some
<br />.... tloenof Is Iocace<l_..... mail copleo of _ noli<< in the J1UUlner prescril>od by .pplkable la.. 10 Borrow~r _ to the
<br />-..-..-.Moedby applIeaWe law. After tbelaj>se of sucb Ii_ ... ....y be ...,ulred by appticable Ia... Trustee sbllil
<br />p ,...., noli<< of .... to ..... ..- _ in lhe ......... prescribed by applicallle law, Trustee, ..Ilhoul de......d on
<br />........... ..... sea.....PnIperly at.puIIIk _lion to the bipeot bidder al the tlone and pia<< ami undor th~ I.r.... d"lenated
<br />....nodce of .. ia _ or -.: plImlIs ..... in sudt order lIS Trust"" ....y detennille. Tr_ may ......pone sale of IIiI
<br />or ..,. faRd of thePno,erty by puWIc a___ at the tilDe _ place of any previously ""heclllled sale. Lender or
<br />u...r. ........ _, ,..m... ......Ptvperty at aay ...
<br />..... -apt of ,.,._ of lhe price bid, T_ _ deliver 10 the pu"'......r Trust.., 's doecI conveylna the Propcrty
<br />...... n.. --... 10 ..... Troosl<<'sc dft4 iloaII be prima facie evldon<< .,r the truth .,r lhe ota"m_ made lhereln. Truslee
<br />........,... ___. of Iksll!le. .....f~Ofd-. (allO IIiI ~bIe ..- ami ~.- .,r lhe """,, i""lodi.... but
<br />_II....."'.. T_" fen ofuot_ 1...._ .._...! _. _ _ _ _.% of the llfOSS .. price. "'.......... atlorney'. fees ..... cOllis of
<br />~LT,'t.1 fltt>)to..____ by thllDeedofTnm; ami (c) the u......lf any. 10 the perIOD or penonsleplly .nlltled
<br />1"'_.._.. RlahU. ~ NOlw,tlutandinlll.cn<!er'. .ocelerotion "f lhe Hllm .""ured by this Deed of TruS!,
<br />~.thaIl haY<> the tithlt<> ~v. anyploceedi".. bqun by tender to enfon:e .his Deed of Trust discontmued at
<br />~)' \_ ptiol'.....""'~~rto t1CCllt "f Ii) the IIfth do.y ""fore th"..1e nf the Propeny pursuanlto the power of .ale contained
<br />.n lbia tlei!olofTrw,?r ('ll emtyof a iud&tnent enfGrc,ngth.. t:leed of Tn..tlf: fat Borrower plOYS I.ende.r .11 .um. which would
<br />bl>tl)aoIdlIe......... ,b.. Deed 01: T....... the Note and not", _uring Future Advances. if any. had "" acceleration occurred:
<br />(ti)- ~- ca\lf'\lS aU ~ of an)" other covenant. or al'ee-menu of Borf'OWlt.( cootainw in .hi, lJeed {\( Trust;
<br />leI 8otJQ'WCt ~t& al.~ r~aWe C~~S incu~rcd by tender ~nd Trustee in enforcif\& t~ ":O~tHt.nts and agreementi I.H
<br />............ ''OIl:l''iuod .n!h...Deed of lrmt and HI "nforcin, l.endor'. .nd TrW\t.... remedies .. l'ro..dcd .n par..rapIJ 18
<br />heIeot,>tlC~ bul uol hitl!tc<lw. ."'.......l>k attorney', f"",; and ldlllot"""",r t.~.. _h "."'on as Lender may rea"""'''bly
<br />.......' tu,~ t_t the- '.en tit Ut)S- I.)eed of Trust. Lender-'s Imetnt tn the Property imd Borrower's obHgautJn to pit)'
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