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<br />by this Deed of Trost immediately prior to the date of t.aking bears to the fair market value or the Propeny immediately prior to the date of
<br />taking, with the balance of the 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 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 in5tallments,
<br />ill, iiorro...... Not iWnsetj, 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 successors in interest. Lender shall not be required to conunence 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 />at,d Borrower's successors in interest.
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<br />11. Fl)~~ by [~IMI~ N~ ! W~V~. A.'1Y forbearance by Lend:r in =:=cising any right or i6rii:G-j h~~~: of Uih~wi~ ~fQf~
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<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 />taxes or othe!' hens Of 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. Remedles'Cumuladve, 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 exercised concurrently. independently or successively.
<br />13. SUeces801'> and AssiItus Bound; JolDt and Several U",bUlty; Captl....., The covenants and agreements herein contained shall bind, lII1d
<br />the rights hereunder shall inure to, the respective suecessors and assigns of Lender a.nd Borrower. subject to the provisions of paragraph 17
<br />hereof. All COVelumts iiJ."10 agn~ements of Borrower shaH be joint and severaL The captions a11d headings of the paragraphs of-this Deed-ofTru&t
<br />are for convenience only and are not to be used to interpret or define the pro~'isi"n.s hereof.
<br />14. Nolke, Except for any notice required under applicable law tc, tv: f;'el; :n another m""c~. (a) any notice to Borrower provideclfor in
<br />this Deed or Trust shall be given by mailing sutb nonce h oertifie,' :"~ a'"o'''''..<I.... BolfoW<!!' at the Properly Address or atsuclt other address
<br />as Borrower may designate by notice to Lender as provided herein, anu (b) any notice to Lender shall be given by certified maiI.letumrceeipt
<br />requested, to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower as I'>lovidedherein. Any
<br />notice provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender when given in tbe manner desiaoaled herein;
<br />15~ Uii~f'Ui'iii DRd of Trust; G01'tt:3ft; 1.:.; ~..h!!!!y. This form of deed of !.PJ,S! combines uniform covenant! for rn!tiomtJ ~ ~
<br />non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property, 'fbisDeed of
<br />Trust shall be governed by the law of the jurisdiction in which the Propeny is located, In the event that any provision or clause of this Deed of
<br />Trust or the Note connicts with applicable law, such conflict shall not affect other provisions of this Deed of Trust or the-Note whicbcan be
<br />gJven effect without the contliClmg pro\1sion, and to this end the pro,isions of the Deed of Trust and the Note are declared to be severable,
<br />16, Borrow...', Copy, Borrower snall be furnished a conformed copy of the Note and of this Deed of Trust at tbe time of execution or
<br />after recordation hereoL
<br />17, Tl'llDSfer of tbe Property; AssullllltiOD, If all or any part of the Property or an interest therein is sold or transferred by Borrower
<br />withoUt Lender', pnor written consent, excluding (a) the creation of a lien or encumbrance subordinate to this Deed of Trust". ib) the creation of
<br />a purchase money secunty interest ror household appliances. (c) a Iransfer by de,ise, descent or by operation of law upon the death of a joint
<br />'<nant or (d) the grant of any leasehold interest of three years or less not coutaining an option to purchase. Lender may. at L.'nder's option.
<br />declare all the sums secured by this Deed of Trust to be immediately due and payable, Lender shall have waived such option to accelerate if,
<br />prior to the sale or (ransfer, Lender and the person to whom the Property is to be sold or transferred reach agreement in wriiilll that the credit of
<br />such person is satisfactory to Lender and that the interest payable on the sums secured by this Deed of Trust shall be at such rate as Lender shall
<br />request. If Lender has waived the option to acceierate provided in this paragraph 17. and if Borrower's successor in interest has executed a
<br />written assumption agr<elT.ent accepted in writing by Lender, l.ender shall release Borrower from all obligations under Ibis Deed of Trust and
<br />the Note,
<br />If Lender exercises such option to accderate. Lender shall mail Borrower nmice of acceleration in accordance with paragraph 14 hereof,
<br />Such notice shall pro"de a period of not less than 30 days from the date Ihe notice is mailed within which Borrower may pay tbe sums declared
<br />due. If Borrower [ails to pay such sums prior to lhe expiration of such period. Lender may, without further not1~ or demand on Borrower,
<br />invoke any remroies permitted by paragraph i 8 hereof.
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<br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows;
<br />18, A~tiue; R~--ies. Exttpt ii5 piOvioed. US p.....J1Ipb I! herflJl t upon Borrower;s b.-aa oi aD)' COY"" ut ......' vi
<br />Borrower in tills 0ee<I of 1'.....t. iDcludlna the cove.....lS to pay wilen due lUIy _ oeeured by lIIiI Deed of Tnm. I..aMIer Prior to acc:dentloa
<br />sball mai1 nolke to Bo.......... !!l! pro.!ded (.. 1>"'.......-..;>11 14 lIereof .peclfy1na: (l) tile breadI; (2) tile actio. requlnd 10 ellre audI breada; (3) a
<br />dale. flOt koo tban Jl) days irom tile dale of notice is IIIlIlIed 10 Borrower. by ..bich SIKh breadI ....t Ile cared; IlDd (4) dutl fllihlre 10 care audI
<br />breach 011 or before tII. date speclfled in I!Je uolke may result in a<eeleralloD of I!Je _ oecured by tbIs Deed of TruI."" sale of tlte Properly.
<br />TIle notice sbaU fu.rtlter inform Borrower oi tile ripi to m.-tate aim- acceienliioa amS tiic tipi to unua . 00iifi. Ktkni tv iiiifit die iiOir
<br />nlsletJce of a deiault or auy otber defense of Borro..er to attderallOll "Dd .....le, U tM ~!l is out eared on or bef_ tile date .pedflal in tile
<br />nolke. Lender at l.ender'. optioa may dedare all of the su"'" HCUred by this Deed of Tnut 10 Ile Immedialdy due IlDd payable w1111otl1 f.rtiIer
<br />dema.... a.... may invoke I!Je pow... of" and any otller remedIeli permitted by appliaoble Ia.., Lender sl:alI be...titJed 10 colIed an raaoaaiJle
<br />C08llla.... __ incun'1ell in pul1Ullna tbe remedies provided in tbIs parwarapb 18, iudndlna, but DOl Umlled to, _bIe altortM)". feel.
<br />If the po..er of .. Is invoked, Tnw-"f: sb!!!l rerord a uolke 0' de!llwt in e...b co"nty In whklll!Je Property Of 00_ part tlIereof lllocaled
<br />and .ball ftWl <'OIJi<s of sucb notiu III tbe manner prescribed by app1k:1oble la.. to Borro..er and 10 lbe otller penn"" prt5eribed by applkable
<br />law. Afler the lapse Oof ;ik,-II ti:u u may be ~wred by apptkable la~, TiQSlee sUD liv~ publk Bod" of sale to the penoGl ud In lbe IIIaIIGer
<br />p""",rii>ed by appllc:able la... T....tee. ..ithout dellWKi on Borrower. i~j IIdI tbe Property at poblk a""doD to the hltiJest bidder at tile tIJml
<br />aDd pIloc. aDd IIGdH IIle I.rms deoIgnaled In tile notice of .aIe In OIle or more plln:els and iu incb order as Trustee may tIeurmI..... T_ may
<br />postpone sale uf all Of IUty ~ of ~ Pro~,. by p!Wlk .!!!!9!!~~!!!el!! at tM tin:te ~~ p!:ee of u;y pr:\'~y ~akld ~.. Lasder 0:
<br />Lender's desl&aee may pun:h_ the Property al lIn, >DIe.
<br />i !)P-..}*l ~vt 01 pit,fll.mi:i of iile pM bid. Tnutff iUii tieth'er '0 11M! purdtoer Trwitee's dted ('qgvryiq 1M Pro~r!y !WId. The ted~ is
<br />L ;~ Tr...re<'. deed .hail be pri_ i.d. ..ideDet ..r Ih. llllth of tbe stale_II made lheretu. r.....re< shall apply !.be proeeedo of the salt In tile
<br />follo..lna order; (a) 10 all rusouable eoolI aad elljlt_ .., tile salt. 1Dcl1Mlina. bllt dol Umlted 10. T.......... f......f DOl more tbaa 'I,
<br />", IIle It...... oak prlet. _....bIe "Uorlley's loco .Ad <..... of tltlt ..ideDet; (b) to .11....... _..red by I!WI Deed of l'tult; aad (e) tile U<eM. if
<br />"'), 10 lbe J>U>O" '" _... k>pIly <.Utled Ihtrflo,
<br />19. BortUWff'S lUatu to Rdaitat.t. N{)twlth~u.l.nJmg Lf'nde.'" a..:\:de~~uun oj lhe SUiU\ se(urC"d hy th{~ D~ed '-.'If Trw>t, Borrower shaU huv('
<br />ihe .ri#ht !D ITllH a:n)i pr(l\:-etdHlg~ t>eg.ttn by Lt"nde:r to f'nh..trc~ tIll:>.. Deed Gf 'f rWH J.l~~ominu..;d at 4i.HY LaD.e pnut in Ihe cadit!' \0 ~Kl.~m of it) Ihe
<br />f).fth day 'iwfoJ'f. !'It: 1<ak l)f !hi: Property pw",uam i;..l tt~ power uf .~;lie \.'Ul1tam-tG H' thi.. r~l c,{ "!"fllY "r (ij) !:!!~!V n! 3. Jud~m~rH ~nhH..-in.p: tha
<br />I}tY,,"-d d( litb! d i<\II-k")H~hl;'t'"! paj\ 1..~.\'~itr dU .~uw~ WhH.,h ~i.Ji,lid t..... th{'l< dw.. Hfj;;'lt1 7[H!i {)<<J t;I.1":\I" ~.he ~'t:;lt' ,\':,J IH.Ht"\ <.t-",'"JiII1./ii
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