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<br />9. Condemnation. The proceeds of any award or claim for damages, direct ar mnsequencai. in conrution with sm
<br />cc,^.demnation or ocher taking aT the Property, or part theredf, or for conueyance in lieu of condemnation, are herebg• assigned
<br />and sha!! be paiA to Lender.
<br />is the even. of a totaF taking of the Property, the proceeds shall he anplied to the sums secured by this Dred of Trtts[.
<br />wiffi the excess, if any, paid to Borrower. In the event of a partial taking of cite Prayarrty, unless Borrower and Lender
<br />- otherwise area in writing, there shah be applied to the sums secured fn' this Deed of T;vst such p.*opartion of the proceeds
<br />as is equal [o that proportion which tF.e amount of the sums secured by this Deed of Trust immediately prior to t4se Sate of
<br />taking bears to the fair market value of ffie Property immediately prior to the date of taking, with She batar,ce of the proceeds
<br />paid to Barsower.
<br />2f 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 i0 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 "Prvst.
<br />Unless Lender and Borrower otherwise agree fn writing, any such application of proceeds to principal shall not extend
<br />ar postpone the due date of the monthly installmems referred m in paragraphs ! sod 2 hereot o: change the amount of
<br />,uch installments.
<br />iU. Borrower Not Released. Extension of [he time far payment or modification of amortization of the sums secured
<br />by this Deed of Trust granted by Lender to anv successor in interest of Borrower shal3 not operate to release, in any manner.
<br />She liahiiity of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence
<br />proceeding against such successor or rrtusc to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Deed of Trust h}' reason of am" demand made b}' the original Borrower and Borrower's successors in imerest.
<br />I i. ~Forbearassce by Lender Not a R'aiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded ny applicable law, shall not he a waiver of or preclude the exercise of an}' such right or remedy.
<br />The procurement of Insurance or the payment of taxes or.othrr liens ar charges by Lender shall not be a waiver of tender's
<br />right to accelerate the maturity of the indebtedness secured by this Deed of Trust.
<br />22. Remedsrs Cumulative. All remedies provided in this Des;u of Trust are distinct anal rtmulative to any other right
<br />or remedy under this Deed of Trust or afforded by taw or equity, and may 6e exercised concurrently, independently or
<br />s~~e'rsively.
<br />i3. Successors and Assigns Bound: feint and Several Irabilit}"; Captions. Tttc covenants ;sod agreements herein
<br />contained shall bind, and the rights heremnder shall inure [a, the respe.ct.ive successors and assigns of !.ender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. Alt covenants and agreements of Borrower shall ba jcaint and several.
<br />The captions and headings of the paragraphs of this Deed of "Crust are fore convenience onig and are nn[ to he used to
<br />interpret or define the provisions hereot.
<br />7.4. Notice. Except for any ntNicc required under applica€rle luau to be yaven m anoti:er manner. Cal any' nroNce tts
<br />Borrower provided for in this Deed of Trust shai7 he given by mailing such nnti~,cr icy certited coati addressed to Borrower at
<br />she Property Address or at such other address as Borrower mug desi[[natc by notice to Lender a5 provided herein, :end
<br />(b,l any notice to Lender shall he given by certified mail, return receipt requested. to Lcnder1, address stated hrreiin or to
<br />:uch other address as Lender may d'esignatc try notice to Barrtnver as provided herein. .4nry~ notice provided for in this
<br />Deed of Tres shalt be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />T5. Uniform Deed of Tryst: Governing Law: Sever:thility. This form of decd of tort combine, uniform covenants for
<br />national use and non-uniform covenants with limited variations by' jurisdiction to coos[!tute a uniform securty instrument
<br />svering real properly. This Deed of "Rust shall he gevemed by the law of the junsdietian ir± :vhich rhr Property is located
<br />in the event [hat any provision or cl:mse of this Decd tit Trust or the Note contiids with applicable iaw•. such amtTet shalt
<br />not affect other provisions of this Dead of Trust or the Note which coat be given etfrct without the asasflictine pros~ision.
<br />and to this end the provisions of the Deed of Trust and the Note arc declared m he severahte_
<br />25. Borrower's Copy. Borrower shall he furnished a conformed copy of the Nme rend of this Deed tit "fntst a! the time
<br />of execution er after recordation hereof.
<br />27. Transfer of the Proprttv; Assumption. if all nr ana pars nt the Propert }- or ;sn inter>[ ihr: stn i; ,old or tr ansferrcd
<br />by Borrower without Lender's prior written consent. excluding !a) rk:e t:reatisen rata !irn to rnoumhrance suhoniinase to
<br />this Deed of Trust, (b} [he creation trf a purchase ntaney security interest i'ar huuse.haid appiwnces. tc) a transfer hr atevisc.
<br />descent or by cpcration of law upon the death of a joint tenant or ' -
<br />, Lender may, at Lender's apGttrt,. declare till tha; sums scurrcd hr this Deec'I of Trust ro he
<br />imms;diutely due and payable. Lender shall have waived such opiinas t,r :icce'.r:'alt: =P, prior 'e the sale or transfer. Lender
<br />and the person^. to whom the Pro~rty is tt, ,,",e said nr trattsfcrrrd rr:aph au; ecsfx;osa '.in avriti nz that the s•ra€i:r s >urh lvcrscn
<br />is s'e4isfac[arY t. i_2n3v:..nd [Sat ,hr, intarest p~yahta on the nuns sv.rure.d Cy rthk~n Dced or €'rur,t shall €:a at ouch rste .,,
<br />t..enfler shall request. 2f bender has waived the option to aucrlerute prt;nrnaesi uie dtis yyaragrapb i?, and :! Borrower", ~s uccrssor
<br />in tntutst ha3 <xuuied a ri ssumpt iron agrcamcnt asc_ptcd ,n ssi ..af, _+}~ l.:.n -e,ir s._t.s!_. ...-..~.a.,.._ B-..-war .`, a-„
<br />ail eL•linatrens under ?his rJced~nff Trust and tnc Nate.
<br />if Lcndcr exercises such option t , -decoct. Lcnsicr ,hail : i Borrt•sycr notrcc c i acecice:; iron r. ...~ - :mcc with
<br />^.: n
<br />paragraph !4 hereof. Such notice shailr prneicie :. period of nor toss ssh:m to dons from :he ,;;tie she :.~ . ,~ r?lied within
<br />which Borrower ntay pat the sums declared dec. it 6orarw er toils to ,.a: >uch~sums pHs*; : the ea p~ra n„n~.~t cueh prriod.
<br />Lender may, without lurther notice or demand nn Borrower im-nF,c am remedres pennnted 6 - ~:; r.t pr:?ph I S herenf-
<br />Nox-L'ireroata Coveunra u. Barrowor :sod Lender lurther tw•erant srd a~rcc .:. !s~C:^sv,
<br />IS. Arcelrration: Remedies. Except as proylded in paragraph 17 hereof, upon Bernswer's breads of ;ana tea coon! or
<br />agreement of Burrower in this Deed of 'T'rust, including the covenants to pa} u6en doe ana wsxu serured~ha thfs Deed
<br />of Trusq Lcndcr prior hr acceleration shall mail notice to Burrower as peon ided in Tsara}:raph id hereo{ specifying: lit the
<br />breach; (2) the action required to rare such bt~enrh; l31 a date, nm less than 36 days from qha• date the nutter is mailer! h,
<br />Borrower, by which usch breach most he cured; and 141 that failure to erne wets breach. n :,r before the elate specified
<br />in the nufice nsay result in ac•celerution of the sums secured by ilsin Deed of Tnsst and sak•, a{ the Pmpeny. The notice
<br />shall fuNher inGarm Burrmver of the Nght to reinstate after acceleration and the rigin as brink a noun action to assert
<br />the non-esistence of a default or ant other defense of Borrower lu aecderntion and ,aNr. If rhr breach is not cured
<br />oat or before the dale speciferd in the notice, Lender at Lender's option asap decl:ve nil of the won secured by this Derd
<br />of'1'rust to be immediately due and payable without further ricnsand suer! nrtry imukc the yn,sa er vI sale and ao. miter rcmrdiea
<br />prrnritted by appiicaMr law. Lcndcr shat! he cntided to coArct ail reasosnabic anstc and cxlsc~nscs ins urrrr3 in pssrsning liar
<br />remedies pnn•idrd in this paragraph 78, including, but not iinsited hu, rrasonnhie :uturney`s fees-
<br />If the power of sale in inn oked, Tnsstee stmt! record a notice of sletauN in carp ruanh in ~hla'h the T'rsroeNy ur Hume
<br />part thereof is !orated and sha1P mail copies of such notice in the rnnnnrr prrsc ribed by apphcahle !aw is Borrower and to the
<br />other persons prescrilxd by aPPlicahle law. After rhr lapse of sucb time us nsa} be required by applicable 4ew, Trustee shall
<br />give public notice of sate to the persons and in the manner prrscriherl by appllrshte Incr. I'rnsYee, wlthmtt demand on
<br />r°aorrower, sirnii v~rti {tar ;~ropeNt- at public- susctinn to for highasi bidder ai the 8me atxl place :urea sander rite cocoa designated
<br />ir. ihr notice tit sale In tine err more parcels and in such order as "Treestee rna} determine, 'i rssiea° rus,+ pustpane sale of sill
<br />nr anp parcel uF Ilse Property by public announcement tit the time rend plncc of tiny pmviuualp sriseduled vde. Lcndcr or
<br />Lender's designee may purrhrue the Property at anv sale.
<br />Upon recrigt of paysnetit of !hc price Irid, 7'rusfcc shut{ dellser fn the unra•ISaser Trustee s deco! aamyeyissg the 1'rnprt1y
<br />+oid. 7'he recitals in rhr Tns.tre's dyed shag be prinsa facie evidence of Ihr truth of the ctatrmrnts made therein. 'Trustee
<br />shall app!) the proceeds of ihr sate in the followi~s~ order: {a) to ul! reasonable cnsis and expenses of she sole, inchuling, bnt
<br />nut limited to, 'Tnsslee's fees of not snore than 1/ L Of 1 °~ of the grass ante price. reasonable ntiornep's fees and rents of
<br />title evidence; its! to aB wens secured hp this T)ecd of "Tract; :end td the excess. if any. to the ncrsan or persons IcgaOv enGtlcsl
<br />thereto.
<br />19. Borrower's Right to Reinstate. Notavuhslunding Lender's accrlerufon of the sum, a :: cu by irus Deed of Trust.
<br />Borrower shall have the right to I:ave any proceedings begun ly Lcndcr to enforce d:u Deed of ~ -u.l Jrrontunied at
<br />anv time prior la the earlier ro occur of fit [he fifth day before rhr solo of the Pre,perrv I+u rsu:uri h. the !onset nl sate cnm.uned
<br />in ibis Derd of Trust ar lit) entry of a lodgment enforcing this Dced a( Trust ih lal }3orrnwer pay. I ender al! sums ~.+h:rh a nsdd
<br />he then due under this Ueed of Trust the Note and notes securing Future ~\dv:urcrs. d .u». hods dccderauun oa ~ed~.
<br />(b'r Rorrowcr cares all breaches of any other covennnic or agreements of Bsxrnwer rontmned :s the. Dcesi nf•T~r use.
<br />!q Borrower pays all reasanab!c expenses incurred by Lcndcr and Trusec in color. mg the .: a: ns~r;t~ a^, sgrccrtcnts o.+
<br />Borrower comsined in This Deed of "Crust and in coin rcing Lender•< and Trustee's remcdicz as prnv!dcd~~ n parsaraph IS
<br />hereof, including, 6u[ not limited u,. rcasonublc attorney's Yves; and tJl Ilorn+wer takes such acnnn ,n I coder m:n rexxanahh
<br />require to assure that the hen of [his Died o{ Truce. Lender', ir,:ere,t ;n the ?rol;en; acv: n-rr;n-.:', .,bii.tuuon m p -
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