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<br />9. Condemnation. The proceeds of any award qr claim for damages, direct or consequential, in connection with any;
<br />condemnation or other takingbf the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and. shall: be, paid -to I:ertder.
<br />[n theevent of a total taking of the:Properry, the proceeds-shall he applied to the sums secured by' this Deed ofTrusq
<br />with the excess, if any; .paid to.Borrower. In the event of a partial taking: of. the. Property,. unless Borrower and .Lender
<br />otherwise agree in writing, there shat[ be applied to the sums secured by this Deed of Trust such proportion of the proceeds
<br />as is equal io that proportion which the amount of the sums secured by this Deed of Trnst immediately. priorto [he date of
<br />taking'bears to the faer markervalue of the Property immediately prior to the-date of taking; with the balance of the proceeds
<br />paid to Borrower.
<br />1f the Property is abandonedby Borrower; or if, after notice by Lender to Borrower that the condemnor offers to make.
<br />an award or settle a claim for. damages, Borrower-fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply `the proceeds, ae Lender'soption, either to restoratio^ cr .repair of the
<br />Proper(ydrte the ums secured by this Deed of Trust.
<br />Unless Lender andBorrower otherwise agree in writing,. anysuchapplication of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs l and 2 hereof or change the amount of
<br />suchh installments.
<br />10. Borrower :hot Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by [hisDeedofTrus[ gsanttd by Lender to any successor in interest of Borrower shalhnot operateto release;.in any manner,
<br />the °liability of the original Borrower and Borrower's successors in interest-Lender shall :not be required to commence
<br />proceedings-against such successor or refuse to extend time .for payment or otherwise modify amortization of the sums::
<br />secured by this Dted of Trust by reason of any demand tnade bythe original Borrower artd Borrower's successors in interest.
<br />11. ~ Farbtmnnceby. Lender Not a Waiver. Anyforbearance by I:enderin exercising any right: or remedy hereunder, or
<br />otherwise afforded by applicable law, shalt not be a .waives of or preclude-the exercise. of .any such right or .remedy.
<br />The procurement of insuranreoi-thepaymentofaxes orotherliensorcharges by Lender shall aotbe awaivecof Lender's
<br />right to atxelerate the maturity. of the indetitednesssecured 'oy this Deed of Trust.
<br />12. Retnedles Cnmtrlative. All remediesprovided in this Deed of Trust are distinct. and cumulative to any other right
<br />or :remedy underthis Deed. of Trust or afforded bylaw or equity, and may be exercised concurrently; independently or
<br />successively.:.
<br />13. -Slrcceaors sad Amigos Horal; Joint and Several Liability; Captions. The covenants and: agreements herein
<br />contained shallbind, and the rights hereunder shall inure to, the7espectivesuccessors and assigns of Lender andBOrrower,
<br />subjxt to the provisions of paragraph I7 hereof. AlLcovenants and agreements of Borrower shall be joim and several.
<br />The captions and headings of the paragraphs of-this Deed of Trusrare for convenience only and are not to he .:used to
<br />interpret or deSae the provisions hereof.
<br />14. Notlee. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower. provided for in [hisDeedof Trust shall be given by mailingsuch notice by certified mail addressedto Borrower ar
<br />the Property Address or at such otheraddress as Borrower. may designate by notice to Lender as provided: herein. and
<br />(b) any noUceta Lender shall be given by certified mail, return receipt requested, to Lender's address stated. herein or to
<br />such otheraddteuas:Lender maydesigoateby notice to Borrower'asprovided' herein. .4ny notice providedfor in this
<br />.Deed of Trust shalt be deemedao have been given to Borrower or Lender when given in theinanner designated herein;
<br />13. UtdformIkedofTttrsy Governisg Law; Sevtirability.. This .form ofdeedof mist combines uniform covenants for
<br />nationa9 use and non-unifarm covenants with limited variations by jurisdiction m cons4mte a uniform security instrument
<br />covering real property.' This Deed of Trost shall lx governed by the law of .the jurisdiction in which the Property. is located
<br />In the event that any provision or douse bf this Deed of -Trust or the Note conflicts with applicable law, such conflict shal6
<br />not atf+tct other provisions of this Deed of Trust or the Note wl+:~t. ~~.^'--~ .° "'Ys:-c?Iesp~iihQut the conflicting proiision.
<br />and to this end the provisions of the. reed of-Trust and .the Note:alie decJare-be-saveraklle. `
<br />16. Borrower's Copy.. Borrower-shallbe furnished a conformed copy. <>f she Note and et this Deed of Trust at thc:aimc
<br />of execution or after recordation hereof.
<br />17. 7YamferoftheProperty; Atsumption. If all or ary partoi.lht: Ptt>sactLy.oc..;tn intciest therein is sgld or transferred
<br />6y BorrowerwithoutLenderspriorwrittenconsenr,excluding (al the creation of a lien or encumbrance'subordinate to
<br />this Deed of Trust, (b) the croation of a purchase [Honey security interest for household appliances, (c) a transfer b}'.devise.
<br />descent or by operationof law upon the death of a joint tenant or '
<br />' hinder may, at Lender s gp(ion, declare all thesums secured by thisrDeed oPTntst to be
<br />immediately due and payable. Lender shall have waived loch option'to accaerate if, prior to the sale or tiansfer, i_endet
<br />and he,personto whom the 'roperty is to be soldror transferred reach agreement in writing that the credit ot" such person
<br />is satisfactory to Lender and that the interest payable ron ?he sums secured by this Deed. a[ Trust shall be at such rare ai
<br />Lender shall request.If Lender has waived the option to accelerate provided in this. paragraph t 7, and if Borrowerssuccessor
<br />ininterest.:hasexecuted:awritten assumption agreementaccepted. in writing. by Lender,: Lender shall release Borrower frorri
<br />all obligationsunderthisDeed of. Trust and. the Note.
<br />If Lender exercises such option [o accelerate: LendershaB mail Borrower. notice of acceleration iri ;accordance with
<br />paragraph 14hereoE_Such noticeshall provide aperiodof ngt,less than3G days from [hedate the notice is'mailed within
<br />which Borrower may pay the sums. declared due.. [f Borrower fails to pay such sums prior io the expiration of such period.
<br />Lender may. wnhoutfurther notice ordemand an Borrower, invoke any remedies permitted by paragraph IR hereof.
<br />Note-UirlFOatvt Cove:vexTS. Borrower and tender further covenant. andagree as'follows:
<br />1$. Accekralion Remedies. Except asprovidedinparagreph.IThereof, upon Borrower's breachafanycovenant or
<br />agreement of Borrower in this-.Deed of Trust, including the covenants to pay when due any sums secured by'this Deed
<br />of.Trust,Lender prior toacceleration shallmail notice toBorrowerasproyidedinparagraph14 hereof specifying:(I).the
<br />breach; (2):Yhe acfion:requiredtocure suchbreach; (3) adafe, not Iessthan30`days from the .date 1henoticeis mailed to
<br />Borrower, by which .such. breach"mustbe cured: and(4) Yhat failureto curesuch breach. on or before the date .specified '
<br />fn: the ootke:may result in acceleration of ,thesumssecured by this.Deed of Trust-and sale roFtheProperty.:'Che notice
<br />shah furtheb,inform Borrower of the right o reinstate after acceleration and the :right to bring a court action to assert
<br />the<non-existence of a` default ar-any .other- Defense oE: Borrower to' acceleration and. sale. -: If the breachis not, cured
<br />on or befort'the datespecified in the notice; Lender at Lenders option may declare all of the sums secured by thu Deed
<br />of Trust to be immediately dueand,payabk withoutfurther demandand may invoke the power of sale and any other remedies
<br />permitfed,by-applicablelaw. Lender shall be:entifledto'collecLall reasonable casts andexpenscsincurred in pursuing the :.
<br />remedies provided ie .this paragraph ]$, indudirtg, but no[ limited 10,, reasonable attorney's fees.
<br />If the power oEsale is invoked, Trustee shall record a notice of .default in each county in which the Properly or some
<br />pad1hereof islocaled andshall. mail copies of such notice in the manner prescribed by appiicablelaw to Borrow~erand: to the
<br />other personsprescribed by app6cahle law•. Aflerthelapseofsuchime as maybe requiredby applicable.law,Trustec shall
<br />give public notice of sale to thepersonsaod in the manner prescribed by appiicable7aw. Trustee,. wilhoutdemandon
<br />Borrower, shall self the Property al public auction 4o the highest bidder: at the time and place. and under the terms designated
<br />in the noticeof sale in nne ar more parcels and in such order as Trustee may. determine. Trusteemay postpone sale of all
<br />orany parcel-of ihe.Proptirty bypublic announcement at thetime and place of any previously scheduled sale.: tender or
<br />[.tinder's designee may purchasetbe Property atany ale.
<br />Upon,receipE of payment of the priee'bfd, Trustee shalldsliver to the purchaser Trus[ce's decd conveying the Property
<br />sold. The recit>Als in theTrttslee's deed shallbe prima-facie evidence of the truth of the statements made therein. Trustee..
<br />shallapply theproceedsaf the salein the fullowi yy orders ((a) to all reasonable-costs andexpensesof the sale.induding, but
<br />notlimited to, Trttstee'sfees of not more than 1.rL Of 1% of the gross sale price, rcasouableattorney's fees andcosts of.
<br />title evidence; (b) to all sums securedby this Reed of Trtsst; and (c)Yhe excess,if any; to tht.person or persons legally: entitled
<br />i 79. Borrower"s Right to Reinstate. Notwithstanding Lenders a~cdera[ion of the sums secured by Qtvs Decd of Trust.
<br />Borrower shall have the.:: fight to have any prxcedings begun by I ender m enforce this Deed of trust d;s.,rniinucd at
<br />- anytime priorto the earlier to occur of (i)the fft8:dey before the sale of the Property pars^ant to the p ra~cr of eel cvrrtai^td
<br />' in this Deed of Trust~rr:(ii}entry of a }udgment enforcing [his DeedofTrust if: (a) Borrcw~er psys l.cndcr a!I sumx wbic.h would
<br />tn, then due 3riderthisDeed r.€ Trust the Note afid notes se^currt:g Future Advancss, Sf an}~, had eta u..c~lc-nt:~.n occurred:
<br />Ch) Borrower-suers all breaches of sny other covenants ar agreements of Burrower onto;recd rn ih:, CJecd of Trust:
<br />'c) Borrower pays alircasonabie expenses incurred by 1_cndcr ar.J Trustee in cnfor::ing the cc:oensnt< and r -mcn;s „i
<br />Borrower cootsrnt, inthis Dced of Trust and rn cnfarcing.C.endcr's and Trsas cc.: trfcdr , a; provkfed ir, -.re.graph 7
<br />hereof. incivu;:ng t,~ut not Irrstitcd to. -e;uanuble .t3ortrs;y's f~"t, trod td) Hosrpwc tuxes each tuc;r as ., rndi;r rn.r.. rs.s:...:ah4y
<br />r ethtrrc ie axsute [hat the teen of this D.:e<9 U('f'i uwt.. Li^.ndcr's inl~r't i:r Shc Prirpcrty anti ®.rr=-c per'-. ;•bitgugn ;;~ p;n~
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