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<br />by thi.; Deed of Trust immediately prior to the date of taking bears to the fair market \'alue of the Property immediately prior .to the date of
<br />!8King. with the balance of the pr-oceeds paid (0 Borrower.
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers (0 make an award or settle a
<br />claim for damages. Borrower fails to res-pond to Lender within 30 days after the date such notice is mailed. Lender is authorized to collect and
<br />apply the proceeds. at Lender's option, either to restoration or repair of the Property or to the sums 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 or postpone the due
<br />date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of such in.stallments.
<br />10. Borrower Not RrIeosrd, Extension or the time for payment or modification of amortization or the sums secured by this DeedorTrust
<br />granted by LCnder 10 any successor in interest of Borrower shan not ope-rate to release. in any manner. the liabilitY"of the original-BOC]'o_~er_and
<br />Borrower's successors in interest. Lender shaH not be required to commence proceedings against such successor or refuseto_~ t~e for
<br />payment or otherwise modiry amortization or the sums """ured by this Deed or Trust by reason of any demand made by theoriginalBOrrower
<br />and Borrower's successors in interest.
<br />11, Forbe....nce by Lender Nola Waiver, Any rorbearance by lender in exercising any right or remedy bereunder;or othtrwiSC;aIforded
<br />by applicable law, shall not 00 a waiver of or preclude: the exercise of any such right or remedy~ The procurement oUnsurance or-.thcfpaym.ent'of
<br />taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebttdneszrsee'ur:Cd':by';ti:'ilij
<br />Deed of Trust.
<br />12, Remedies Cumulative, AU remedies provided in tbis Deed or Trnst are distinct and cumulative to any other rigbtorr"",e<lyuuder this.
<br />Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or_successively.
<br />13, Successun and AsslJlD! Bound: Jolutand Several UaIIllity, Capllons. The covenants and agreements berein containedsbaltbin!i"an<I
<br />the rights hereunder shall inure to. the respective successors and assigns of lender and Borrower,- subject to:thc'provisions_;,Of-_JJ&f8.8:RI.p-~'Jl~-
<br />hereof. All covenants and agreements or Borrower shall be joint and several, The captions and headings or the paragrapbsof thlS,DeCl:iof,Trlist'
<br />are for convenience only and are not. to be used to interpret or define the provisions ,hereof.
<br />14. Notift. Except for any notice required under applicable'law to be given in another manner, (a) any notice t~-Bori~,:P:~~~~~_~,f~U:__~
<br />this Deed of Trust shall be given by mailing such nOtia by certified nl8.iJ addressed to Borrower at the Property Address'or-,-at slJ~-_O:~i-4(l~
<br />as Borrower may designate by notice to Lender as pro....ided herein, and (b) any notice to Lender-shall be given py certifiedmat1.';r~'~PL
<br />requested, [0 Lender's addreS! stated herein or (0 such other address' as Lender may designate by notice to Borrower__as'Pr()vi~.-hcr;~'+~~~)'
<br />notice provided for in this Deed of Trust shall be d~ed to have been given 1.0 Borrower Of Lender when given in the manIler dC$i~':~~~-
<br />!5. U!!!form L_ of Tru., Governing l.aw; Severability, This form or deed of trust combinesunifonn covenants fornatioual, ~and
<br />non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instru.-ne."lt cover-..ng.-reaI pr~Y.'~$"-Q#~t().f
<br />Tr1Jst shall be governed by the: law of the jurisdk"tion 1n which the Property is located. In the event that any provision or:ciaUse~of:ihis__-D#d:_of
<br />frm:t t)r ~ht: Note conf1k1~ with applicable law. sue,; :':'",nflict shall not affect other provis.ions of this Deed-of Trust:o.r:thc-Note::w~ch-'c8rl,be
<br />gi"'t:ll dTe..::t without the cont1i{.~ting provision, and in this end the provisions of the Deed of Trust-and the Note,are-declared tQ be_s~~ble~.
<br />16. Borrower'! Cupy. Borrower shaH be furnished a conformed copy of the Note and of tlUs Deed of Trust at the, time of -exccut.j.on-or
<br />;'~f1er recordation hereof.
<br />11. Traa.d-e-r O-f th,. Property; Assumption. I f all or any part of the Property -Of aft interesi: thercin is soui' cr- tra.."lSferred, b}{ Bo-rrowm:
<br />wir.hoUl Lender's prior written con~('m. excluding fa) lhe creatIon of a lien or encumbrance subordinate to this Deed of Trust.- (b) the creAtiOn'of-
<br />a pllf~ha!loc I'nuney .so.'uriIY ifHcrest lor hnuseh\)ld appiia.nc~, (c) a transfer by devise. de5t'Cnt or by operation of law upon the death' ora jobit
<br />,enan! or I,d) the ~Htm (If allY le-'asehol-d inleresl of thtet years or less not containing an option to pun:hasc:-, Lender may, at LendCt"s: optioni
<br />-dedaro:: uU the ...-UlfIS Se\;utN by (hi!! l~ of Tru",t iO be inlmc~iat:l)' due and. payahle. Lender !;ha-U ha_\i'e w1ii~ed such option to actelerate:-if~
<br />pnuf Ii.) the sale tH ffl11OS(t:'f. LendC1 ano {he pef~.m hi whom the Property i~ {Q- fK wid or iram:ferred reach ag.reement.in writing tha.t.t.l}e_cr:edit.of-
<br />'ru~h -p<non j~ ~aflslao:tory I() Lemler and that (he mlC'res1 payable 00 the ~um, !iecured by this Deed of Trust_s.hall be at such ra_tc-as Lender,shall
<br />request. If L-\."ndeI ha:. watv~ th\" DJ,)tloH to accelerate pro'o'h.h:-d in this paragraph 17. and jf Borrower's successor.tn interest-_ha5-ex:ecuted'_a
<br />wrinen assumpuoll agn.-:":lllt:HI al..-"o:,pteJ III writing by l.t'nd-ef. Lt'oder .'thaH release Bon-ower from aU obligatioD.s under this Deed of Tru~t and
<br />the :'h,,,tco
<br />If Lend(f ~:Xe-t~tSe~ s-~ch \Jption to a.i;'Ct"tetale. Ll:odeJ ~hall n\Cui Borrowt"f notj,-e of acceleration in accordance with paragraph 14-hereof.
<br />-Such l10tke ~haH pwnd;: a f)<no-d of rU,)t l~s than 30 days. rrom the date the notice is maiJed within which Borrower may pay-the.sums declared
<br />,1uc. If Bo-I'fOWcf raih tv p-a)' 'iuch ~urn$ prior to the c,plfatjOfj of such period, Lender may, without further notice or demand,on Borrower,
<br />invoke any remedies pt'_nnined [:1)- paragraph 1 S hereof.
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<br />!'4ON.,U~lFORM COVENANT'S_ BotfOWCf and l..euJer 1urther l,:ownam and agr~ a.'i follows:
<br />18. ,~n-mfli-tioa;, a,mtdles. ut.wt lb pltJvickd ill paragraph 1"1 hereof, upon Borrower., breacb or,1lII)' C!oveaaa.t ur~,.~1 of
<br />8orr()wer i8 tbis lleed of fnm. including tM- cove-Gants to pay wben due: any sums secured by this Deed of Tl'WIl, ~-priOrJo,.~n.tlon
<br />dWJ aWl nuti<<' 10 Borrower as pro'\'kkd in p.f1III1Iph i4 BeAUr spn;i:fyiq; (1) tbe breach; (2) the a.ctioa ~u1ft4 to cure sucb breach;, (3) ·
<br />dilte, Dot le5$ thAa 30 days from tbt; d.te of notl~ b; mailed t-o Borrower. by whicb sucb brach mut be cuRd; and (4) that fdare 10, cure such
<br />_II on or befon iii< da.. speclIled in iii< noli<< mal r..ultlu aaelonlloll 01 tile ....... _ure<! by IIIlll Deed 01 Trustaad Ollie ollhel'roperty,
<br />The_ notkt- lball htrther inform BotTower of the ri&.bt tu mostalt .fter .ccderadoll and the right to brine a CGUn acdon to assert the BOP~
<br />I'xUkatt ()f. delault (if aD)- Olftef defea.w of Burro-w-e-c to &<<mratioo and We. U the breacb Is not ('lU'ed oc or before tile datt-.peclfiecl iD the
<br />...11<..., l.~"- ., Lead...', opd.... may declare all 01 tbe 5lUUil see",'" by 'hi> lle... 011 rust 10 be ImmedIa..1y due aad payable wllho..t, furtbel'
<br />demud .Ad 018.)' iDV(Jk~ tht' p-t1,.'er uf salt aDd an)" otbfl n:lJHdies permitted by $t.ppUcabie law. Lender shall be entitled to collect aU fellSO:Dable
<br />I.~O!l.Ui itAd e,l.pC'1l,8a itKWTt!d.lD pun-uio& UN' J't:~ pfO'fidfl1 in thb par.agnph 18. indudina. but nut limlte-d to, rt'tiOuble aUOrM)") feu.
<br />11 the p(t_l't of uU is itl'ok-f'd, Tnu:t<< JihalJ record" notice uf' drhiuU in eacb (UUD() in whicb the Propert.)' or some part tbere.of j,located
<br />.and s.bafl mail i'opit!s of ,su(b Bulb in tbt' OUU1:net p:rt'SCIibed. b-, applit'ilibif' l.~ to Borrower .n-d to tth: vJ:be. pc!tsOIlJ praaibed by applicable-
<br />.... After -tat lapw ()f JlKh tinu: IU .ma)' M, n-qwred by Rpplinbk I.., Tf1U.l.ff $baU JCh'e publk Boike- or ~4'..0 tbe penoD8 and in (he manner
<br />pt'a(:riNd in &p-plkah~ lll"", lnLi-U!e. wUhuvt demand uD. BOfTower. !ihaU ~U 1M Property at publk auction 10 the bjallal bidder ai the time
<br />&ad place: IlH tiD4ec t~ iff'fDi d~iia.lN io (llf ti:u-doCf uf lUUf ~n ont' or mUn" pttt.:'eb,.ad in liu,b Cnkr as Tnu;!te 1'9., d.eltrnUne. TrmWe- m.".
<br />PDilptmt. Mk of aU Oi an,) p.n::,fl uf Uw Propeny b)' PilbUc aDn-OUQctmell{ at ihe time and plllct, of .n,' pn-:"'lomly $('beduled i1ialt, l.t'nd<< ur
<br />l....mfkf" ~ mal P-Qu:b-Jb:t tlk ProPfl1)".t aD} ~lt'~
<br />t;~D Tfl'~t Df payUttDt ot 1M prlt'(' bid. lruatrc: ~bSD Mlhd h. !ht purdl.u<'_f Iru.sl~'$ deW ~~Oo\'elinl th" Propert)' wid. Tbe l'<<'.ihd\ in
<br />tat lru$tn.~ det>d .all bt prlma {sde r-.lckD-\'t' of the truth Qll <<fit ,utemeDb madt' 1~ft'in. Tf'WitH 5UU appl) tM pf'tKCflb, of 1M \iIo!r;p lb~
<br />fOl'knt181utdff: ta) to ati A>U()tI,a-bk.(t)$Q.3d (,Xpelllon of lh WC', ioclg,dltil, nul 40t limitf'd. It). rfUjJlet',~ f~ of nut murt (han \te"
<br />t.' tM- atoM ~ prict-. I't'twJuOk- .Uon.y', (1\0.00 n~-t' vf tUk c"iOe-fia: ibi hi .U !U,H~ K-':U!t"d b, lhb l)e.ed of If\"~. lijnd it:'l fhi'; C\.(c3S, H
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