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<br />9. Condrmnasion. "The pracerds of anv award ur cfakm for damages, diiiru:z or cotasegttcntial, in connec;ion with any
<br />t:ondentnation or other taking of the Property, ar pRrt thereof. or' €ar Conweyanc~e.in lieu of coademnatian, axe hereby assigned ',
<br />and shall be paid to Leander.
<br />In the event of a fatal taking of the Property, the pravicecds shelf be applied to the sums secured by this Deed of Trust.
<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 n writing, there shall be applied to the sums secured Ley this Deed of Trust Stich proportion of the proceeds
<br />as is eyuai to that proportion which the arrwunt of the sums secured by this Deed of Trust immediately prior to the date of
<br />taking bears to She fair market value of the Property imrrterliate}y prior to the date of taking, with the balance of the proceeds
<br />pair! to Hnrruwer.
<br />ff the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award ar Sallie a claim for damages, Borrower faits to respond to Lender within 30 days after the date such notice is
<br />mailed. Lender is atrthurized to collect and apply the pra:eeds. at Lender's option, either to restoration or repair of the
<br />Property ur to the sums secured by this L)eed of Trust.
<br />Unless t ender and &+rruwer otherwise agree ,rt writing, any such application of proceeds to principal shall not extend
<br />ar postpone the due date of the manihlu installments referred to in paragraphs I and ?hereof or change the amount of
<br />such installments,
<br />10. Borrower Not Rrkased. Extension of the time fur payment or modification of amortization of the sums secured
<br />by th[s Decd of Tnist granted by Lender to any successor itt interest of Harrower shall not operate to release, in any manner,
<br />the liabilin• of the original Borrower and Borrower's suceessors in imerest. 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 Dced of Trust by reason of any demand made by the original Harrower and Borrower's successors in interest.
<br />11. Forhearimce by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable few, shall not he a waiver of or preclude the exercise of any such right or remedy.
<br />1 tie prcicuremcm ni imuran<r of ; e payrr;zrt o ,.,, .,r ^ Far:: ^ ^!sr~^~, by t ender sha!1 nor he a waives of Tinder's
<br />right to accelerate the matunty of the mdehtedness secured,by this Deed of Trust.
<br />12. Remedies Cumulative. All remedies provided in this [h-ed of Tnut are distinct and cumulative to any other right
<br />or remedy under the Deed of Trust or afforded by taw or equity, and may he exercised concurrently, independently or
<br />successivelyy.
<br />i3. Successor and Acsigas Bound: Joint and Several I.isbflity; Captions. The covenants and agreements herein
<br />contained shall bind. and the nghts hereunder shall inure to, the respective successors and assigns of Lender and Borrower.
<br />subject to the previsions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Deed of Trust are fur convenience only and are not to be used to
<br />interpret or define the pravisians hereof.
<br />14. Notice. Except for anv nonce requred under applicable !aw to he given in another manner, (al any notice !o
<br />Borrower provided foe in this Deed ui Trust shall he given by marling such notice by certified mail addressed to Borrower a[
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />t bj any notice to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein or to
<br />such ocher address as Lender may designate by notice to Harrower as provided herein. Any notice provided fur in this
<br />Deed of Trrrst shall he deemed to have been given tit Borrower or C_ender when given ;n the manner designated herein.
<br />15. Uniform Aced of Trtisr, Governing Law; Severability. Thn form of dyed of !rust combines uniform covenants for
<br />national use and non-undoim covenants with Iimittd variations by iurisdeuon to constitute a uniform security instrument
<br />covering real property. 'This Deed of Trust shall he governed by ihe~law of *;he larisdictmn in which the Property is located.
<br />In the event that any pruvivon or clause of this teed nt Trust or the Nute conflicts with applicable law, such conflict shall
<br />nut aica.i ':. r.er pto:isiu^ns of :!:;~ tJen<t of T'ntct nr +hi• Nr,re whu•h ran he given rFect wahnur the cunfiicting prrn•:cian.
<br />and to this end the provisions of the Deed of Trust and the Nete arc declared to be severable.
<br />16. Borrower's Copy. Harrower shall be furnished a cuntnrmed ,upy of Ihr Nute and of this Deed of Trull at the time
<br />nt execution or after recordation hereof.
<br />17. Trarsfer of the Property; AssumpHoo. If aV! nr ant part of the Property or an interest therein is sold or transferred
<br />`ry Borrower without Lender's poor wnttrn antsent, exdudmg :al the creation of ;r Len rx rncumhrance subordinate G+
<br />this Deed of Trust, rh! the creation of a purchase inonea securnv ~ntrrest for houxhuld appbanees, (ci a transfer by devise,
<br />descent or by operauun of law upon the death of a ;o:nt tenant ur
<br />I enter mav. at t ender'. optmn, declare all [hr Bums secured by this Dced of Trust to hr
<br />:mrnediately due and payable. l.cndrr shall hoar warned Saab option to aaxelerale if. prior to the sale or transfer, Lender
<br />and the prrsau to whom the Pnaperty as ;,+ hr x>W ,+r transferred reach agreement rn writrng that the credit i+f such prrxni
<br />~s satisfactory n+ 1 ender .end that the :merest patahir on the sums sccureat by this Deed ,a 1"rust zhaL' he aE such rate a,
<br />Lender ,hat! re4uest. 11 Lender has waived the option to ac.e!erate provided :n this paragraph I ?. ;end ;f Borrower's successor
<br />m imerex has :•xecuted a wnttnn assumption agreentrnt accepted ?it wntnig hY I-ender, f ender shall release Borrower front
<br />alt ahhganons under thrs Dav: cf of Trust anal the Note
<br />If Lender exernx+ wa.h :~pnnn to .rac!Crare. 1 ender .hat: ~ua:1 tkarr.,wer nnutc „t a.ietr[.at:e!i :-. ., urduna:c wnh
<br />paragraph i i tterrul Mich nutria .hSll piU,IdC ~ pC(Ia41 Ut rtU[ IC1, titan ill i]aU ("pot ihr ,fate the untKe !+`~i78ilad Wllhltt
<br />whi,:lt ltaarr„war may pea the srun.s d ~.I ea. `ate f.+ Burruxr~ i.:::, t-: 1+as ;uih -_ nts ~ r, ;. the a ,.:r:t..a.r: ~,f ouch period.
<br />t-ender may, withuart funhrr noucc :~i demand ,•n i3o:ruwer. ~n:,,tie anv remeattes permitted h} paragraph 18 hereui
<br />Non~Usttuusa t-nxrt,elvrs fiurn,wCt and I router turthcr c„ccnant dnd agree as follows.
<br />Itl. .-lcceleratiun: Rrmedirs. F=xcrpl as pruvidrd in paragraph 17 hereof, upon Borrowers breach of any covenant or
<br />agrernrrnt of Borrower in fha Ikrd of Tntst, including the covenants to pay when Aue any wins secured by this Ikeal
<br />of Truss, Lender prior n, rrrrieratiun ,troll nwit notice pr Rorrowrr as provided in paragraph l4 6rrcof sprcifyirrg: 111 the
<br />breach; t21 Ibe actiaw rryuired to cure wch breach; IJI a date, oat tar, than 30 days from the dale the notice i+ mailed to
<br />Burrower, by which ,uch breach must fir aurrd: and f41 That Ftilurr to cure such breach on or before the date specified
<br />in the notice may result in acce{eraliun tit the wins +rcured by this Dred of 1 rue and sale of the Property. The notke
<br />shall further inform Horrower of the right hr reinstate after accrlrratiun and Ihr right to bring a court action ht assert
<br />the non-existence of a default ur any ufbrr defense of Borrrwrr to acceteratiun and .dlr. If the breach i, not cured
<br />tin or before the date ,prcifiryt is the rwlier, ! ~ndrr at t,rndrr'v option may drelarr ail of the ,out, ucured by this 1)erri
<br />of'Trwt to ire imrrrrdintrly due and payabdr witMrut turthcr drurand and may inaakr the power tit sale and any other rrntedirs
<br />permitted hi applicable law. I.rndrr +baf1 br rnifUed to cadlrct alt reasrmablr aosl+ and rxprn.rv incurred in pursuing the
<br />remediex provided in thss para><raph 1M, including. but cwt limited tu, rrawn;rblc attorney's free.
<br />If the puwrr of ,alt is invarLrd, Truster ,hall reatrd a rwtice of drfaull in each county in which the 1'roprrty ur soma
<br />part ttxrrof i+ located and shalt mail cupie, of wch nutter in the manner prescribed by applicable law to Borruwrr and to the
<br />otbrr prrwro prima-ribrd by sppheabie Irw. iflrr for lapse of wch fimr a, Dray be rryuired by appikabtr law, -I~ntstrr ,hail
<br />girt public Holier ,J ,ate to the persons and in fhe manner presaribrd by applicable lsw. Tru+trr, without demand tin
<br />Rorruwrr, shill +eH for Property at puNic auction tav for hpthrsi bidder at the lime and place dad under the terms des~naied
<br />in ibr nutter +,1 sate is Doe or mote paretle and en wch order av Trustee Wray determine. Tntstre may postpone wle of alt
<br />oor any parcel of the Property by public anouuarernrnl at for time roil place of an} prrviousty schadulyd +alr. t rndcr ur
<br />Ixrtder's akaig»se ouy purchase the Preprrt• at any .aft,
<br />t'pon receipt of payment u[ the prier hid, Truster shall deliver to the purcha+rr'i'rustrr', decd eonveying the PrnprRy
<br />.add. TM reCHafs is for Truster', dyed slraB be prima faci:€ cvidrnce of the truth of the statements made therein, 'Cru+trr
<br />shah apply ttte proceeds of the srk in tier folbwi order; ~af to all rrrunable costs and exprnsa~ of the sate, including, but
<br />tnM Nmitrd to, Tru+ter's Errs of oat more tiwn ~." 1 O1= `. tit the gross sale prier, reawnaMe attorney's feev and costs of
<br />t4k rsidence; tb) to alt .runs secured by this tkrd rd I trc+t; and tat the rxreesss, if any, to the pervon nr persun+ trgallr entitled
<br />Thereto.
<br />19. Rorreweri R~ht ta> Rrinsiate. •<,tw:tttsi.artdtnt; Lrndcr-, a.4eletltt,a!t .•! the .::i.?, ,;cut tai ha !h:, [)veil :ai Irv:.:
<br />ES,•tr.~w-cr ,hall _ r Ehc rtph[ to hat r :a ^rc+arcurng: hart.:; 4} 1 a .,.fir .,r„ : Flu. (wed I"r,rv ,trm:,tal .u
<br />anti t•;ne prior :o ;he ear tier !a . ~tu of t:; tfic fifth der k+cfore the a.,tc pf the Propensa(turs;r.a:t t.::h•: ia~wrr ~~. ~..de a,•i+;,,~nrd
<br />m this thaw! at Tri.at nr !ni antep aof a ia:dgtneni cntbrcttig rt_1r, i7rrd of Trust !t r,u H«?r tutu a~; ;,-a;. 1 rndr:r „f4 stn;, ',s h:ch win?id
<br />fK• !ha^~ :TUC ,:ndci th;s t)eeJ a( Yru,r the Nate crud nc+tCs ,,. _: :n~ Future 4daancc,, a .~-, _ ha,; r. ,a~lr! ::,m ,:cru;rd
<br />i r,! H.•<:c kvt :..~na•a a!t tire,+ehr. of attY utttrr :c•seaaras ~.~r igrve'=:cra. ,•t Ba+. rawer ,i:nr,! u, th.. t)eid ,. -I rus;
<br />fG) B,--,:,k? pa,+ all ;cax,i,ahic eapcnsca :n, nr red f+v 1 a.i i•~r and 't r istrc ~ .t:, ,-. -a_t, .ar•.t : rcn+. ~tF, ,•i
<br />Ba;r.- _ st:,mtaf rn ii,rs Ss;.rd a+S 7 ruse srrd :,i rnlae.a rr,~ {-crt kx = .,rn! 7-. ., ~..n:--,!ia = :.Sec! :r r. •rigraph to
<br />h rt-., ~ i t i tea - i ~, as r t? .v
<br />"r - [.,: t a ! n.~a rail":: itl`i
<br />_ _ _ .,.. t-.,, -t c h< . t the fk,. ! .. C., ,. ! . „t, . ~„~ x , , ~ , 13, : c
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