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80.-~U~9~' `' ~.. <br />$~~~~~~ <br />9. Corukmnalbn. The proceeds of any award or clatm for damages, direct or consegaenuah m connection wih any <br />'condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned <br />and shag be paid to Lender, <br />In the event of a total taking of the Property, the proceeds shall Fie applied to the sums secured by this Deed of Trust, <br />with the excess, if any, paid [o Borrower. In the event of a partial taking of the Property, unless Borrower and Lender <br />otherwise agree in writing, [here shall he applied to the sums secured 6y this Deed of Ttvs1 such proportion of the proceeds <br />as is equal to that proportion which the amount of the sums secured by this Deed of Trust immediately prior to the date of <br />taking !?ears to the fair market value of the Property immediately prior to the date of taking, with the 6a!ance of the proceeds <br />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 <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, at Lender's option, either to restoration or repair of the <br />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 <br />or postpone the due date of [he mon[hl}• installments referred to in paragraphs ! and 2 hereof or change the amount of <br />such installments. <br />10. berroaer Not Released. Extension of the time for payment or modification of amor:ization of the sums secured <br />by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, <br />the liability of the original Borrower and Borrower: 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 Deed of Ttvs[ by reason of any demand made by the original Borrower and Borrower's successors in interest. <br />11. Forbeaorrce by Lender Not a Waives An}• Iorbearance by Lender in exercising any right or remedy hereunder, or <br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. <br />The procu[ement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's <br />right to accelerate the maturity of the indebtedness secured by this Deed of Trust. <br />12. Remedies Cumubtfive. All remedies provided in this Deed of Trust are distinct and cumulative to any other right <br />or remedy under [his Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or <br />successively. <br />13. 3ucceaeors and AssiEas Bound; Joint and Several Liability; Captions. The covenants and agreements herein <br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower. <br />subject to the provisions of paragraph 17 hereof. .411 covenants and agreements of Borrower shall he joint and several. <br />The captions and hgdings of the paragraphs of this Deed of Trust are for convenience only and are not to he used to <br />interpret or define the provisions hereof. <br />i0. Notke. Except for any notice requrred uncles applicable law to he given m another manner, Ial any notice to <br />Borrower provided for m this Deed of Trust shat! be given by matting such notice by certified mail addressed to Borrower at <br />the Property Address or at such other address as Borrower may designate by ^otite to Lender ns provided herein, and <br />(b) any notice to 1_ender shall be given by certified mail, return receipt requested, to Lender's address stated herein or to <br />such other address as Lender may designate try noose ro Borrower as provided herein. Ao} notice provided for in this <br />Deed of Trust shall !x deemed to have been given to Borrower or 1_ender when given in the manner designated herein. <br />15. Uniform Deed of Trust; Gorerniu6 Law: Severabilih•. This form of deed of mist combines uniform covenants for <br />national use and non-uniform covenants with limbed variations 6v !urisdicuon to constitute a uniform security instrument <br />rnvering real property. This Deed of Trust shat! he governed by the law of the yurisdiction in which the Property is located. <br />In the event [ha[ any provision or clause of this Deed of Trust or the Note conflicts wnh applicable taw. such contiicr shall <br />not affect other provisions of this Deed of Trust or the Note which can he given effect without the conflicting provision, <br />and to this end the provisions of the Deed of Trust and the Note are declared to be severable. <br />16. borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust :u *.he time <br />of execution or after rewrdation hereof. <br />17. Tratmfer of the Property; Assamptbn. tf old or am• part of the Pmperry or an interest therein is sold or transferred <br />by Borrower without Lender's prior written consent, excluding (a) the creation of a ;ten or encumbrance subordinate to <br />this Deed of Trust, {b) the creation of a purchase money security interest for household appliances, t c? a transfer by devise. <br />descent or by operation of ]aw upon the death of a joint tenant or <br />Lender may, at i.ender's option, declare ail the surtu secured by [his Deed of Trust to he <br />immediately due and payable. Lender shall have. waived such optton to accelerate it, prior to the sale ter transfer, Lender <br />and the person to whom the Property is to be sold or transferred reach agreement in .writing that the credit of such. person <br />is satisfactory to Lender and that the interest payable on zhe sums secured by this Decd of lYust sira!I he at sack rate as <br />Lender shall request. If Lender has waived the option ro accelerate provided in this paragraph ;'. and ,f Borrower's wccessor <br />in interest has executed a written assumption agreement accepted m wrung by Leniler, Lender shall seieaae Borrower from <br />all obligations under this Deed of -Trust and the tote. <br />If Ixtider exercises such option to aceelerate. i_znder shall mail Borrower nottCe of acceleranon m accordance with <br />paragraph Id hereof. Such notice shall pmv,de a period of not Tess than 30 days from the date the nouce is mailed within <br />which Borrower may pa}• the sums declared due, ff Borrower Fads to ns} such sums pnar u? the expiration of such perEed, <br />Lender map, without further notice or demand on Borrower, invoke any remedies permitted by paragraph ! g hereof. <br />Norv-UNtroRnt Coverv,snts. Harrower and ...ender turther covenant and agree as follows. <br />l& Aneleralbo: Remedies. Except as provided in paragraph t7 hereof, upon Borrower's breach of any covenant ur <br />atreealeat of borrower in this Deed of Trust, including the covenants to pay when due an} sums secured by this Deed <br />of Traci, Lender prior to accekratioa shall nail notice to Borrower as provided in paragraph 14 hereof specifying: 1t) the <br />breach; i2) the action required to cure such breach; t3l a date, oot less than 311 days in.m the date fhe notice is mailed to <br />borrower, by which such breach nicer he cured; acrd tJ) that failure to cure such breach on or before the dale specified <br />is the notice may rdWl fa accekralion of the sums secured by this Derd of Trust and sale of the Properly. The notice <br />shay further inform Borrower of the rithl to reinstele after accelera[an and the rig6! to bring a court action to assert <br />the non-ezisfeace of a defaup or an} uthrr defense of Borrower to acceleralbn and sale. If the breach is oat cured <br />oa or before the date specified iw the notice, Ixnder at ixirder's opfion may declare aB u[ the sums secured by this Deed <br />of TrusE to 6e imaredia/ely due and payable without furlhv demand and may inwke the power of sale and an+ other reoedies <br />permitted by applicable law. Lender shall 6e eoritkd to eaikct aH reasonable costs and expenses incurred in pursuing the <br />rearr:dles provided in [his paragraph 1g, includirrR, 6uE not limited to, reasonable attorney's fees. <br />tithe power of sale is invoked, Trustee shag mord a notice of default in each county in which the Property or some <br />part thereof is heated and shall mail copies oC such notice in the manner prescribed by applicable law ro Borrower and :o the <br />other poisons prescribed by applicable taw. After the lapse of such time as may be rryuired by applicable taw, Trustee shall <br />give: patttlic notice of sale to the persons and in fire manner prescribed by applicable law. ~ Trustee, without demand ou <br />borrower, v1ra11 seN the Property W public auction to the hi6best bidder at fhe time and place and under the trrnu designated <br />is rite notice of sale iw one or more parcels and in such order as Trustee may determine. Trustee ma} postpone safe of all <br />or nay pared of the Property by public anoouacearrnt at the time and place of any previously scheduled sale. i.ender or <br />I.ewder's may pwchtrse the Properly al nay sale. <br />Upon receipt of payment of the price bid, Trustee shag deliver to the purchaser Trustee's deed convening the Properly <br />sohL The recifab io the Trustee's deed shall 6e prima facie evidence of the truth of the ctateutent4 made therein. "Trustee <br />shall apply' tk proceeds of *.he sale is the fotbwr'p~ order; ta) to alt reawnabk costs and expenses of the sale, inctndinR, but <br />not Bruited fo, Truslee's fee. of not more than ~.,/ L Of 1 "o of fhe gross sale price, reasonable attorneys fees and costs of <br />title evi4ace; (b)ra all sums secured by this Deed of Trust; and /c) the excess, if any, to the persrrn or persons legally enli0ed <br />thereto. <br />19. borrower's Right to ReirWate. Notwttl[standmg Lcnder•n aceeieration oC the sums ,eurrcd h}' rho Iyetd of Int,t. <br />Borcc>wer shall have the right to have any proceedings begun by Lender io rnfa:cc thi> Decd of Trust ;hscommucd ni <br />any iirne prior to the earlier to txcur of #it the frith stay ttcforc the sale ni the Property pursuant :~~ the power of sale eautained <br />in tfiis Deed of Trust or fib entry of a jcdgment enforcing this Decd of Trust i!': ial Borrower pn}> 1 ender aft sum. which would <br />he then due ender this Deed of Trust the Note and notes aen,nng Future Advanecs, !! am. had no a, cclcratwn occurred. <br />ih) Borrower cures tdi breaches of ant other co+enants cu agreements .,I [3utrowcr cs,r.taincd m this ,')red ,~f lnr;t. <br />(e) $orrower pays tt91 reasonable expenses incurred by Lender and manatee in rnforang the couna:as :nod agrccrners n <br />Borrower contained in this Deeil of Tryst and m enforcing l.endet's .rod Trustee', rcmedics as proxided in paragraph iR <br />hereof, including, but not limited to, reasonable =rttorncy's fees; and tJi Bo:::+wcr takes .udr ac: n,n as t order m:q ices=+nairlt <br />require to assure that the lien of this bred of Trust, i.cnder's i;nerc.t u, nc~ Prot%cr} .rna Borrower's .,Irlrg:~uun ,,. pr. <br />