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<br />by this Deed of Trust immediately prior to the date of taking bears to the fair market value of the Property immediately prior to the date of
<br />taking, with the balance of the proceeds paid to Borrower.
<br />If the Property is abandoued by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an. award orscttlea
<br />claim for damaies, Borrower fails to respond to Lender within 30 days after the date such notice Is mailed, Lender is authorized to coUectand
<br />apply the proceeds. at Lender's option, either to restoration or repair of the Property or to the sums secured by this Deed ofTrUS!.
<br />Unless Lender and lIorrowerotherwise agree in writing; any such application of proceeds to principal shall not extend or postponethe.due
<br />date oflhe moothly instalbnents referred to in paragraphs I and 2 hereof or change the amount of such Installments. .. .. .
<br />10. JIorrc>wer NoIlteIeuecL Extensioo of the time for payment or modification of amortization .ofthe sums secured by lhisDeedofTrust
<br />granted by Lender to any.succossotin interest of Borrower sbail not operate ", release, in any manru:r, the liability of the original Borrower.and.
<br />8orrower;s successors in -interest. Lender shall not be required to commence proceedings apinst such successor 'O:f- refuse to extcnd.-dll1c. for
<br />payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower
<br />and Borrower's successors in interest..
<br />ll. 'orlIoanoKe lIy I.-er Nota Waiver. Any forbearance by Lender in exercising any right or remedy hereunder. or otherwise. afforded
<br />by applicable law, shail not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the payment of
<br />taxes or other liens or charges by Lender shail not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this
<br />Deed of Trust..
<br />12. _ CumaIaIlYe. AU remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this
<br />Deed of TfU5t or afforded by law or equity. and may be exercised concurrently. independently or successively.
<br />13. s..a:-n .... Aalps Bond; Jot.t .ad SnenllJallUlty; CapIloDS. The covenants and agreements herein contained shail bind,. and
<br />the rights heramder shall inure to. the respective successors and assigns of Lender and Borrower. subject to the provisions.ofparagiaph-17
<br />hereof. All covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of this Deed of Trust
<br />are for-convcmence only and are- not to be: used to interpret or de-floe the provisions hereof.
<br />14. Notloe. Except for any notice required under applicable law to be given iu another manDer. (a) aDY notice to Borrower providedJor. in
<br />this Deed of Trust shall be given by mailing such notice by certified mail addressed 10 Borrower al the Property Address or at such olheraddress
<br />as Borrower may designate by DOtice to Lender as provided herein. and (b) any notice to Lender shall be given by certified mail, return receipt
<br />requested, to Lender's address. stated herein or to such olher address as Lender may designate by notice to Borrower as provided herein. Any
<br />notice provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15, Unlfarm Deed of Trust; Go......... La..; S.....bIlIty. This fOfm of deed of trust combines uniform covenants for national use and
<br />non"unifonn covenants wirh limited ,"'ariarions by jurisdiction to constitute a uniform se\."Unty instrument covering real property. TIlis Deed of
<br />Trust s.hall be governed by the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Deed of
<br />Trust or the Nore conflicts with applicable law, such conflict shall not affect other provi.'i.ions of this Deed of Trust or the Note which can be
<br />given effCL't \\-'ithout the conflicting provision. and to this cnd the provisions of the Deed of Trust and the Note are declared to be severable.
<br />16. Borrower'. C.opy. Borrower .s.h&Il be furnished a conformed copy of the Note and of this Deed of Trust at the time of execution or
<br />afte:r ret:'Ordation hereof.
<br />17, "fraufer 0' the Property; ABMuapdoa. If aU or any part of the Property or an interest therein is sold or transferred b.. ...A)ITower
<br />wilhout Lender's poor written consent. exclUding ia) the c.reation of a lien or encumbrance subordinate to this Deed of Trust. (b) the creation of
<br />a purchase money !ieClU'it)f lntefl:$1 for household appliances. (c) a transfer by dc".ise. descent or by operation of law upon the death of a joint
<br />tenant or (d) the grant of an)' leasehold interest of three: years or le:js nO{ comairnng an option to purchase. Lender may. at Lender's option,
<br />declar~ aU the Su.rM. .&e\.~red b)" this Deed of Trust lO be immediately due and payable, Lender shall ha\le waived such option to accelerate if.
<br />prior to the' sale or transfer. Lender and the person to v,hom the Property is- to be sold or- transt"er~ reacb agreement in writing that the credit of
<br />such person is satisfactory to lender and that tbe interest payable on th~ sums secured by this Deed of Trust shall be at such rate as Lender shall
<br />request. If Lender-has wai,,'ed, the option to ao.-derate provided in this paragraph 17. and if Borrow-e-r's successor in interest has executed a
<br />written assumption agreement a--c~ed in writing by Lender> Lender .shall release Borrow~r from all obligations under this Deed of Trust and
<br />tbe Note.
<br />If LC'nder exerdscs sum option to aC(."t'l~rate> Lender shall mail Borrower noti(.'(: of acceleration in accordance with paragraph 14 hereof.
<br />Such tK>lice $hall provide a period of not less (han 30 day! from the iliue the n()ti,"~ )s mailed within which Borrower may pay the sums declared
<br />due. )f Borrower raib 10 pay su~h ~um5 prior lO the upiratlon of such period. Lenck-r may, without further notice or d~mand on Borrower.
<br />iDvoke any remedies penniued by par....aph 18 hereof.
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<br />NON.UNIFORM COVENANTS. Borruwer and Lender further covenant and .Ilfee as [ollows:
<br />II. .~; Re.ooIha. Il.Iapt u promlod I. PIlfIIII8PIII1 hereol, u_ Borrower'. breKlo 01 ..y......... or ..__t 01
<br />IIDnoww .. tIIII ~ oIl'rast, iDeIluIIaa t......._ to pay w_ due lUly ..... -.ued by lids ~of1'nls4 LeDdct prtorto ___lion
<br />oW -.II .-e 10 Borrower u promlod ltI PIlfIIII8PII14 Ioereof ......".1..' 1Il tile m-h; (1) tile action reqnlred to Clift ."".. .....;....; (31 .
<br />dale,.... _tlIaD 30 days"'" tile _ of _It _10 _. by whldl....b _ _.... cured;.... (4) lIIat lann.. to en..._
<br />~ OD Dr before die _1jIIdIlooI" t.....-e DIll)'.-.It III ~ 01 t......_ _red by lids Deed 01 Tnult aad..... of t.... Property.
<br />TIla ....... ..... _ iIIf__ of die riPt '0 _ afler _.... aad die riPt to brin& . court ""ti.... to _ the DO..
<br />....... of .......or _ oilier def_ of _ 10 IlCCOIentloa .... ..... II t.... llreK10 Is not oured .... or ....,ore t.... d... spodflod lu ,....
<br />.-e. ........ at ........'. opdea _ <Iedare all Df tile __ -.red by lids ~ 01 T....'to be lm.....u..leIy due .ad pay.bIe wi.......' fnrlller
<br />_.... _ltIMIle tile _ 01..... aad _ oIIIer...-lea -Wiled by .pptiaoble law. ........ sltan .... ..titled to collect all _bIe
<br />.-....__........... dIe.........promlodltllllia........."b II,laeIndl... bat DOl UIIIiled 10, ...........bIe.llonoey.. f....
<br />If IIle _ of...... iu.oIIed, T.-.... _ a _ 01 default 111_ ""nety" wllk:b tile Property or ....... part Ib....., III I_led
<br />... ..... .... ...... of _ .-e iu die _ pnoKrilled by IlJJPIktlIle law 10 Bomo_ aad ID ,.... 0_ ......... prel(ribed by applicable
<br />..... """ dle '- of _ ..... _y lie ,...Jnd by ............., T_1IIDIl &I.. ....bIk DOlk:e 01 ..... to I.... porIODS and Ie tile manaer
<br />--... ~ ~ _. T_. wItiIDod _ .. Bomower. IIIDIl 00II1.... Property ., ....bIk auction 10 tile IdJIlesl _ .1 tile time
<br />........... ..... tile _.......... .. tile _ 01 .... iu __ or more ......... aad Ie _II order u TnII'" may delerJaIK. TnII'ee may
<br />.......... ...of all '" _....... of die I'nlpfttJ I>y ....bIk ..__t .1 I'" ti_ aad pIa<:e 01 ..y __y ...bedeled ...... Leader or
<br />...................., ~...Property.. -.....
<br />lIP8!Il......., ~t of lilt ....1lRI. T_.... ..... 10 die purc_ Trustee'. _ <OII...y", llIe Property aoId. TIl. cod.... Ie
<br />tile ~a.... oW .. pI'lIDIt ttdio....... 01 die ..... of tile ..._...... IltoreIa. TnII'''' aloalI .ppIy ,.... ............. 01 t.... .... In tllo
<br />'..............wt (11)10 ..-we_...........,......lIIc:IatIiaa. ....1 aolllmlted 10, T_'. fees of eol _ tb.. _._. .'..... '10
<br />01................ '---"". r_..._ 01 tItIe..-; (11110 aII....._ by IIIIo'leed of TRIll': .na Ie) dle ....... if
<br />_,to 1lla...- or..........,........~.
<br />.9. ...,....."...... to........,. Not:wit.hHa.ftdina L.eftder'li ao..'-eierabOu oJ tbr sums secured b)' th~ tle<.'d of Trwn. Btlfrower ~ha.U M\'C
<br />.-he riPl to.Wi: auy~. botub by LMdc:f UJ ftfonx ihl" (}red of Trus.t diM:ontinued 11t any time prior 10 the ear her to tl(:t:ur of {I) lhe
<br />OtUl-day tr.efwlf\hcaie of thef."topcrt, put!uutt<J tvPOWtt ot' Ji.likcQ-nt~med in: rhlJ [~ofTruu Of (h) tntry of a Jud&mctH enfordnJ: tlll$
<br />l)ccd ,of' That if: l...l!kJl--f~ ".,.. 1...eudn &U 'U1U.1i wtnt;b wwkf b( t~ d~ u-tlUctt rht.\ [)e(:d of Tl'u!t. thr N()H' :mrl f;01~ $~'Urif\l rwu!'t
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