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<br />00451,3
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<br />by this Deed of Trust immediately prior to the date of taking bears 10 the fair market vaiue of the Property immediately prior to the date of
<br />taking, with the balance of Ihe proceeds paid to Borrower.
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a
<br />claim for damages, Borrower fails to respond 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 '"'Tiring, any such application of proceeds to principal shall not extend or postpone the due
<br />date of the monthly installments referred. to in paragraphs l and 2 hereof or change the amount of such installments,
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust
<br />granted by Lender to any successor in interest of Borrower shall not operate to release. in any manner, the liability of the original Borrower and
<br />Borrower's suC'cessors in interest_ Lender shall not be required to commence proceedings against such successor or refuse to extend time 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 />n. Forbearance by Lender Not a Waiver. Any forbearan\,':e by lender in exercising any right or remedy hereunder, or otherwise afforded
<br />by applicable law. shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the payment of
<br />ta.l.:es or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this
<br />Deed of Trust.
<br />12. Remedies CumuJative. All remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this
<br />Deed of Trust or afforded by law or equity. and may be e-xercised concurrently, independently or successively.
<br />13. Successors and Assigns Bound: Joint and Several Liability; Captions. The covenants and agreements herein contained shall bind) and
<br />the rights hereunder shall inure ro, the respective successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17
<br />hereof. All covenants and agreements of Borrower shaH be joint and severaL The captions and headings of the paragraphs of this Deed of Trust
<br />are for convenient."e only and are not to be used to interpret or define the provisions hereof,
<br />14, Notice, E'tcept for any notice required under applicable law to be given in another manner. (a) any notice to Borrower provided for in
<br />this. Deed of Tmst :-.haU be given by maiiing such notice by certified maii addressed to Borr. .w~r at the Property Address or at such other address
<br />as Borrower may designate by notice to Lender as prov;ded herein, and (b) any noti:" to '< 'rider shall bl; given by certified mail) return receipt
<br />requested, to Lender's address stated herein or to such other address as Lender .y dC'.; ..,nate 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 />is, uniform Dn-d of Trusi; (~o~ern.l:ftg Law; Se~enibrnty, This form of deed of trust combines uniform covenants for national use cmd
<br />non~uniform covenants with limited .'an3tions by jurisdiction to constitute a uniform security instrument covering real property. This Deed of
<br />Trust shall 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 Note conflicts WIth applicabie law, such conflict shall not affect other provisions of this Deed of Trust or the Note which can be
<br />.?ivcn effect without the -.:onilictmg pwvl)\:ion, and to this end the provisions of the Deed of Trust and the Note are declared to be severable.
<br />16. Borrower's Cop,.-, Bt"lfrower ~hall he furmshed a .:onfonned copy of the Note and of this Deed of Trust at the time of execution or
<br />aftt:r recordation hereof.
<br />17. I'ransfu of the Property: Assumption. if aU or any pari of the Property or an interest therein is sold or transferred by Borrower
<br />without LeHder"s prior wnrten CI..-m.sent, cxduding ta) the creauon of a lien or encumbrance subordinate to this Deed of Trust. (b) the creation of
<br />:i pUfchast' :nO!i~Y ~C\.'urity Interest fOf household appliances. (.;) a transfer by devise, descent or by operation of law upon the death of a joint
<br />re-nam Dr (j'lhe i?r<1I1[ i.'Jt' any lcasehold mterest of three years or less not containing an option to purchase. Lender may. at Lender's option.
<br />J(."r!are aB the Htnb ..,el:tlfcd h)- this Dc::-,J of Trust ll..l be immediately due and payable. Lender shall have waived such option to accelerate if.
<br />prim to ~he ~a1f' 01 trdn~fer, Lend~r and the person to whmll the Property is to be sold or transferred reach agreement in writing that the credit of
<br />:-,uch person is sa{i~fa(tOry to Lender and that the lOterest payable on the sums secured by this Deed of Trust shall be at such rate as Lender shall
<br />;.equesL I f Lender ha:. waJ\'eJ [he option to ;l~celerate provided in this paragraph 17. and if Borrower's successor in interest has executed a
<br />written ;lSs,umpflon agreement ci;.::.:e-Plcd In writing by 1 ender, lender shall release Borrower from ,all obligations under this Deed of Trust and
<br />I.h~ NOfe.
<br />If Lt~mh=1 e-,xcll.:ise:-. su..::h \)ption [0 a..::~deratt'", Lender shall mail Borrower notice of a..::celeration in a~cordance with paragraph 14 hereof.
<br />SUI.:h noLict' ~haH prI.H:1J~ a pt:nvd of nl.H kSI> than 30 days from the date rhe notli:e is mailed within which Borrower may pay the sums declared
<br />due. if OOIl1.J'o\t.'! lails iu p<:l)- :>lh.i:1 :OUilb ~Hit)f iI) tht' expiration of such pel Iud. Lender may. without further notice or demand on Borrower.
<br />In\'OKe any remedles pernHlH::u b} p-aHlgraph 18 hen:oL
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<br />~ON-U;o..jlFORM l'OVENA!\i I S, Borrowl:'r iinu Lender further \:o\'enant and agree as follows:
<br />Hl. -\n-elefluion; Remedies. KU'ept as pro"ided io paragraph 17 hereof. upon Borrower's breach of any coveDlUlt or agreement of
<br />Rorro'ft'er io tbis Detd of Trust, including tbe coveolUlts to Pil). wben due aD) sums secured by this Deed of Trust, Lender prior to acceluaUoD
<br />shall mail o.otic~ to &rro"e-r llS prmiided in pafllgrapb 14 hereof spedfying: (1) tbe breach; (2) the action required to cure sucb breacb; (3) a
<br />date. noi less tban JO Oil)!> from {hI: date of notice Is mailed to Burruwer. b)' ",,'Web such breacb must be cured; aod (4) lbal failure to cure sucb
<br />breatb on or ~fore the date specified in tbe notice may result in aCt.-eleratioD of tbe sums secured. by this Deed of Trust&nd sale of tbe Property.
<br />[he notice shall further mtorm Borrower of tM right 10 reinstate after a.."celeration and tbe riabt 10 brina 11 court lIcdon to assert the non..
<br />t'wh:nce of .. d-eiauh or aD)" otber deferw: of Borrower to acceleratioD and sale. If the breacb is not cured on or before the date specified in the-
<br />notice. Lender at Lendtr's option m.&)' d<<lare aU of the sums secured b)' this DtflJ: or Trust to be immedIatel)" du,.$' and pa).able witbout further
<br />demand and ma) in\oke tbe PO\\'ef of sale- Mod iIlD)' other rrmt"dies permitted b) applicable law, Lender shall be eotiUed to collect all reasonable
<br />i.'ost., and t':\ptns~ incurred in pursuing the- remedies provided in tbis pilragrapb 18. including, but not limited to. reasonable attorney's fees,
<br />H the power of sale is inlioked, Trustee shall cecord it notice of default in ea(:h ('ount) in whicb the Propert)" or some part thereof is located
<br />1Iod shall mllil cupies of such noli...e in the InaDner prese-ribed b)" applicabl~ 1...- to Borrower and to tbe otber- persons prescribed by appUcablr
<br />hl\li'. ..\.her Ibt:' la11M' of such time as mal} be required b). ilppUcable law. Trustee shllll gh~ publk DOU<< of sale to tbe persons and in the manner
<br />presnibc-d bl applicable hlW. Trustee. witbmu demand 00 Bo"o~.e-r. :.;hilll s.eU the flo~t:rt). III public Iluction to the higbest bidder at the time
<br />and plal~t >>ad under 1M tUID.\ desig,rultW: in tbe notlee l)t salt' in one Uf mon' psn:e-Is .nd in :,oucb order as Trustee may determlof:. Trustee mil
<br />pustpont" sale- of all or lUt~i parcel or tbe Propert) b) public announcement lit tht' tltu~ tmd phu.'t of liD) pnn..iousl)- !'cbedulM s.llh.'. Lender or
<br />Lender's desigutt' lOa) pUrthMSf' the Pro~rtl at ,In:) wt',
<br />Lpop f"t{,"tipt of P>>)O!COfl' of the prl\.'e bid. Trustet: sb.H delher lu It\~ PUn.:hiL!it'f lruS(ft>.~ d~d t:oo\t')inK the PfOpert} sold. rbc recitab in
<br />tht' lrustff's dkd shill hi' primM hade (-l.idenc!f of the truth of tht' stalemelits mild... tbtrtin, 'IrUSh"C' shall appl) the procn.',b, of tbt: .sale in thl'
<br />followloa order: (lil) 10 all rta..~ona.bh~ co~b aDd npt'n~s of Ibt' ..;.~)t'. induding, nUl nollirnite-lJ to, Trush-e's fe~ of not IUOft> thall ,~ il'Q
<br />of the l(t"OSs' "lile priCt. rnsonablt' llUomt')" f~ lind \'(l~t!i vt mi~ f,id-enct'~ tb) waJl sum!> ..e,:uH:d b) ihl.\ ll..~'u of 1 nJ~l; ~nd h.-I (he- t"Xl:~.!>, It
<br />.IH, to thE' pt'r.JOh 01' ptfSOll:!o lekaU) t'ulided t~ft'tn,
<br />lit BOfHl'M.ff.:i Ri~ht tH Rt"in:-oihil\", ~\)I\"lth').L~:hlml? I ('ntll.-:--, ,\,_,-~,lt-':~!tit'!' :h;, [1<,TU .,' 1
<br />'11,-' qg.h( ~\" ~l.j',t: ;W\ i\1l\\\"t'Jll;g:, hq~un r>) I \:ndl.'l I ,::\t"l~t-
<br />~lllh lb:< t>dl.'l~' [h~. ~ah:
<br />!lrr'd, \~1 lid'!:! ',~\l 1\....';1'.'....,., Pi'lj-\ I ~:n'kr ,I_n '.un:,> ""h:.:h \l.;_lu!\l :h: 'h".,\
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