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<br />9. ('~ndemna1ioJl. ~hc prol"ccd<.; of any award Of claim for damages, direct Or consequential, in c()nnection with 'any-
<br />I:ondemnatlon or other takmg of the Property, or pari thereof. or for c(lnveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender,
<br />, In tbe event.of a total. laking of Ihe Property, Ihe proceeds shall be applied 10 the ~ums .secured-by: this DeOO~frrusr;
<br />wIth the excess,lf any, paId to Borrower. In the evenl of a partial takinjlof the Property,unl....Borrower'1ll'ldA-',endir
<br />otherwIse agree In Writing, there shall be applied to the sums ,secured by thIS DeedofTrust_such'proportiol'l"of t!Je:pr~s
<br />as .s equal to that pr,?portlOn whIch the amount ot the sums secured. by this Deed ofTrus! immediately prior to'the"daten!'
<br />lakmg bears 10 the ralr market. value or Ihe Property immediately prior to the date or taking;: with the balance~ftl1epro<:ee<l"
<br />paId to,Borrower. _ '_ _ _ _ _ _' _:-',-:___, __':": _<':<>=:;::';_<'<'_>,:'(~
<br />If the Property is abandoned by Borrower, or ir, after notice by Lender to Borrower thatthecondemnofiol!'ersto makec,::
<br />an .awardor- set~!e a dai~l for damages, Borrower faHs to respond--to Lender withh1.30-days,after:the-~;dat~:-'such>~loti_~i~::'~__
<br />maIled, Lender IS authoflzed to collect and apply the proceeds, at Lender's option, eithertorestorationor-repairof,t!Je"',
<br />Property or to the sums secured by this need of Trust: _ .' _ ," ,.~'-;_ ::_<: ,_,,_~-"~-,<_,;;-:-,.',
<br />Unless Lender and Borrower otherwise agree in writing, any such application :of proceeds to ,prjricipaJ--sh~II_:'~ot':e~t~
<br />~~ch"is~rr:.~I':n~~sdue dale of the monthly installme",s referred to in paragraphs land 2 hereof or change" the: amOUnl of
<br />10. Borrower Not Released. Extension of the time for payment'or-modification,-of amortizati_oll-of-the-:~u~s'sel:-~re~f-'
<br />hy this Deed of Trust granted by Lender to any-successor in interest of Borrower shall not ope~at~--to--release,._jn,:any.'I)l~ntl~rio
<br />the liability of the original Borrower and Borrower's successors' in interest. Lender .sha'!'l, not:-be--.re.quired<fo' .'-co~m'enCe
<br />proceedings against such successor or refuse to extend time for payment or otherwise m'odify 'amortization .of.,'the'-,surylS.
<br />secured by this Deed of Trust by reason of any demand made by Ihe original Borrower: and Borrower's success'ors irdn.terest~
<br />11. Forbearance by Lender Not a \Vaiver. Any forbearance hy Lender. in exercising-any rjght-or,r.cmedy:hereund~r.-Qr
<br />otherwise afforded by applicable law, shall not be a waiver 'of or preclude [he exercise of any such""-rigbL-br:--r~medY,
<br />The procurement of insurance or the payment of taxes or olher liens or'charges' by Lender shall not' be a -w;iiver:of I.:enders:;:~
<br />right to accelerate the maturity of the indebtedness secured, by this Deed of Trust.
<br />12. Remedies Cumulative. All remedies provided in this Deed of Trllst are distinct and cumulative to-any' othe.r:-:ri~rt
<br />or remedy under this Deed of Trust or afforded by law or equity, and may be, exercised' -concurrently;' jndepend~tly,-:~r.
<br />successivelv.
<br />13. .successors and Assigns Bound; Joint and Several Liability; Caplions. The covenants and- agree:ment~-~_-hetejn
<br />contained shall hind, and the rights hereunder shall inure to, the respective successors and assigl1s of Lender and"-aorto",~r,:
<br />subject 10 the provisions of paragraph 17 hereof. All covenants '-Ind agreements of Borrower shall be, jornt.and'__severah
<br />The captions and headings of the paragraphs of this Deed of Trust are for convenience only -and are -not to- be- -u!ied,'-to';-
<br />interpret or define the provisions hereof.
<br />]4. Notice. Except for any notice required under applicable law to b. ~~jven in another manner; (a), anY,:-notice,_to
<br />Borrower provided for in this Deed of Trust shaH be given hy mailing such lie ..] by certified mail addre'ssed -to Borrower- at
<br />the Property Address or at such orher address as Borrower ,'- ,y designale hy notice to Lender as f'~ovided herein, and
<br />(b) any notice to Lender shall be given by certified mail. relUl,', receipt requested, to Lender's address stated herein Of'to
<br />such other address as Lender may designate by notice to Borrower as provided herein, _ Any notice pt'ovided for' in thj~
<br />Deed of Trust shall be deemed 10 have heen given (0 Borrower or Lender when given in the- manner designated herein._
<br />15. Uniform Deed of Trust; Govern;n2: Law; Se\'embiJit,y. This form of tleed pf trllst combines llniform _covenantsJor
<br />national use and non~uniform covenants with limited variations by jurisdiction to constitute a _uniform security instrument
<br />covering real property, This Deed of Trust sh:.lll be governed by the law of the jurisdiction in which the- Property is-located,
<br />In the event that any provision or clause of this Deed of Trust or the Not~ conflicts with applicable law, such conflict shall
<br />not affect other provisions of this Deed of Trust or the NOIe which can be given effect without the conflicting provision.
<br />and to this end the provisions of the Deed of Trust and the Note arc declared 10 be severable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed ~npy of the Note nnd of-this Deed of Trust at.'the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property; As..'iumption. If all or any part or the ProperlY or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written COllsenr, excluding (a) the creation of a lien or encumbrance subordinate to
<br />this Deed of Trust, (b) [he creation of a purchase l:lOlley security _interest for household appliances, ,(c) a transfer~by devi_se.
<br />descent or by operation of law upon the death of a Joint tenant or r II 11 J '" t f I 1_ IJilu}uhl iFltlrillt cf tkrolJ ~'iJ!l l! hilT
<br />-:rvt ggRtaiRiAg IiR QFtiQA tJ f If l. ,Lender may, at Lender's option, Jedarc all the sums secured oy this Deed of Trust to. be
<br />immediately due and payable. Lender shall have wiii,,'cd such option to accelerate if, prior 10 (he s~le or transfer. Lender
<br />and the person to whom..Jhe Property is to be sold or tr~tnSfeHcd reach agreement in writing that the credit of such person
<br />is satisfactory 10 Lender and that Ihe inlcres.l payahle on the sums ~ccurcd by this Deed of Trust shall be, at. such ,rate as
<br />Lender shall requesL If Lender has waived the ortion 10 accelerate provided in this paragraph 17. and if Borrower's successor
<br />in interest has executed a written assumption agreement accepted in writing by Lender. Lender sh,aJJ -~clcase Borrower from
<br />all obligations under this Deed of Trust and the Note. _ _ _ ',_ " ''" ;\
<br />If Lender exercises such option to accelerate. Lender shnll mad Borrov.'cr 1l00ice or acceleration in ,accordance w~h
<br />paragraph 14 hereof. Such notice shall providt: a period (,f Bot 1l'~S th:m .~o days from the date the n'ot.icc is' mailed wi.thin
<br />which Borrower may pay the sums declared due. If BOrrl)\\,er fails-to r~l~ such sums priof-toJhe e~pjration of ,such -perioo-.:-~"
<br />Lender may, wilhout further notice or demand on Borrower. in\'d.-.c all}' rcmedic~ p~rmilled by paragraph 18 hereof.
<br />NON-UNIFORM COVENANTS, Borrower und Lemler further covenant :lnd agree as follows:
<br />18. Accelerationj Remedies. Except as provided in para~raph 17 hereof. upon Borrower's breach of any covenant or
<br />agreenlent of Borrower in this Deed of Trust, including the connants to pay when due any sums,secured by this Deed
<br />of Trust, Lender prior to acceleration shal! m~iI notk~ to BGiron'cr ~:',j pro~-ided in paragraph 14 hereof specifying: (1) the
<br />breach; (2) the action required to cure such breach; (3) a date. nol less than 30 days from the date_ the notice is mailed to
<br />Borrower, by which such 'breach mm;t be cured; and (4) that failure tn cure such breach: on or before the date specified
<br />hl. the notice may result in acceleration of the sums secured b} this Deed of Tru~t and sale of the Proper1y. The notice
<br />shall further inform Borrower of the right to reinstate after ~jccelerafion and the ri~ht to bring a court action to asser1
<br />the nonpexistence of 8 default or an" o.her defense of Borrower to 3l'celeration and sale. If the breach is, not cured
<br />on or before_the date specified in the ilOlice, Lender at Lender's, oplion may dedare all of the_ sums_secured by this- Deen
<br />of Trust to be immediately due and pa}able without further demand and ma}" iO\~oke the power of s.lIe and any other remedies
<br />p"ermiUed hy ~ppHcgh'e !::!':-Y. Lende-r ~tmn he rntlth"d t~) ~,tl!h'('~ :t!! n::a~{t~~hk ('t)'\~.; ;:~r~d (',\;p<=nsrs in(urr("rl in pursuing t~e
<br />iemedi~ provided in lhis paragraph J 8! indlldin~. hul noi limited to. reasonable attorney's fees.
<br />If the power of sale' is im'oked, Trustee shaH record a notice of default in each count}' in which the Property or: some
<br />part thereof is located and shan mail copies uf .such nolice in the manner prescribed by applicable law to Borrower and to the
<br />other persons prescribed by applicable la\,"'. After the lapse of such lime ::IS HUl} be required b}' applicable law, Trustee shall
<br />give public notice of sale to the persons ..lUd in the nmnner prescrihed b)' applicable Jaw. Trustee, without demand on
<br />Borrower, shall sell the Property at public auction to the hight'Sl hidder at the lime and place and under the lerms designated
<br />in the notice of sale in one or more pan"cls and in such order a_Ii Tm...tcc fila) dctc-nnim'. Trustee may postl)OIlC sale of all
<br />or aDs parcel of the Property by public annOUll(~cmcnt al fhe time and pla('e of :10)" (Jrc,ciously s('heduled sale. Lender or
<br />Lender's designee may purchase the Propert.)' ai an.)' sal~.
<br />Upon receipt of payment_ of the prke bid, Trustee shall delh'cr to the purchaser Trustees deed cOl)ve}'ing the Property
<br />sold. The recitals in the Trustec's.deed shall be prima facie (","'idence of the truth of cthe statements made therein. Trustee
<br />5~1 apply the proceeds of the sale in the JoUowipg order: {a) to all-reasonable costs and expenses of the sale, including, but
<br />not Umlted,to, Trustee's fees of not more illan 1/2, of 1 % of tht ~ross sale price. reasonable aUorn~y's fees and costs of
<br />nRe. e~ideDce; (b) to all sums sec:ured b)' this Deed of Trust; and (e) the excess. jf an}', '0 the person or persons legally entitled
<br />thereto.
<br />19. Borrower's Right to Rdnstutc. Notwithstanding l.cnJcr.s 3ccckf~Hilln of the: ~um~ ~~ctlred by this- I?~ed of Trust.
<br />Borrower shall have the right to have any pftj~eeding~ begllil hy Lcndt::r fu enfon:..-c this Dt:cJ or Tru:-.t dl:"t::ontinueLl. HE
<br />any time prior to the carlit:r to occur of (I} the fifth day pdorc !hc ~nlc uf lhe Property pursuant to the power of ,ale cuntalf!cd
<br />in'this o..:cd of Trust or (ii) entry of a jIJdgmcnt enforcing this Deed of Trust if; 1;.11 Burrm:,'cr pay:>, I ,cndcr af! SHillS whil.:h ,,~'ollid
<br />be then due under thill Deed of Trust. the Note and llOlc<; .'>Ccuring Future AJv~lJ1ccs. if ;111)". had nn a;,;\..'Cknlli,)!1 {1.,,;'cllncd:
<br />(0) BQrn./wcf Cllrcs all bf~..H;hc'S of allY oiller CO\Tflunts or ,!grccl,ncr\!:. c.r H"')fru\~~r -.:.-onlaineJ in 1111S Deed If\' Truq:
<br />(c) BOffowt.:r pay~ all rCilsonablc t:\peltscs illltUred by J emkr <lnJ Tftl~l(;c in ,."nfon;:in~ lhe and t,l
<br />Borruwer (:ont~lifled in Ihis De:c.J 01 Tfll"t ;lnd in enfon;ing Lender'" .Awl 1", thll.'-t:'" H'IW,:'di(;'~ ;1\ in 1 ~
<br />hereof. including. bUI n\.lt lImit;:'.d h.l, ft.'a"Dlluhh: ~iltorn;."y'" [(~t;,,: ,wd (d\ Hnrr,)\\Tf j~kc" '-dh:h ./" 1l"~Hh:l
<br />require h, as-)un;~ Ihat the lien of thi" Dc('.d llf fW"L f c!Hh:r'", inh::r\:,..,l HI !f,..., !lJ('p>:nj ;uhl
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