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<br />9. Condemnation The proceeds of any award nr ciatm for damages, direct ur tuns^_yuential, ir. connection with am'
<br />eonlemration or other taking of the Property, or pan thereof. m for conveyance in lieu of ceudemnatian, are hereby assigned
<br />and shall be paid t~ Lender.
<br />In the event o a total taking of [he Property, the proceeds shall be applied to the sums secured by this Deed of Trust.
<br />wish the excess, if any, paid to Borrower. In ehe event of a partial taking of the Prop•~rty. unicss Borrower and Lender
<br />otherwise agree in writing, there shall he applied to the sums sccurcd in• !his Deed of Trust such proportion of the proceeds
<br />as is eyual to that proportion which the amount of the sums secured by this Derd of Trust immcdiatcly prior io the date of
<br />taking bears to the fair market valve of [be Property immediately prior io the date of taking, with the halartce of the prxeeds
<br />paid to Borrower.
<br />If the Propert}• is abandoned by borrower, or.if,~ after wtice by Lender n.~Bntrower that the condemnor oRers to make
<br />an award or setae a claim for damages, Borrower fails.to-resoanrd to Lauer within 30 days after the date such notice is
<br />matted. Lender is aathorizrd 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 ir. writing, any such application of proceeds to principal ->hail not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />16. Borrower Not Released. Extension of the time for payment or modific:u"eon of amortization of the sums secured
<br />h}' this Deed of Trust goofed by i..ender to any successor in interest of Borrower shall not operate to release. in any manner.
<br />the liability of the original Borrower and P,orrower's successors in interest. Lender shall not be required to commence
<br />proceedings against such successor or reiu,z to extend time for payment or otherwise modify amortization of. the sums
<br />secured by this Deed of Trust h}' re:uon of am demand made by the original Borrower and Borrower i successors in interest.
<br />[ 1.Forbearance by Lender Nut a 1Vaiver. .Any forbearance 6y Lender in exercising any rigi3t or remedy hereunder. ar
<br />otherwise aflurded by applicable law, shall not t7e a waiver of or preclude the rxercixe of am' such right or remedy.
<br />The procurement of insurance or the oayntent of lases or other liens ar charges by Lender shalt not he a waiver of Lender s
<br />right to accelerate the maturity of the indebtedness secured by this Decd of Trust. -
<br />12. Remedies Cumolatire. All remedies provic.rd in this Dced of Trust arc distinct and cumulative to any ether right
<br />nr remcdv un lee this Decd of ]'rust or atTorded by law or eyuity, and may he exercised concurrently, independently or
<br />successively.
<br />Saccears and Assigns Sound; ]Dint and Srvrraf LiabiHt}; Captions. The covenants and aercements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respeetirc st¢cecsvors :end assigns of Lender and Borrower.
<br />subjcet to the provisions of paragraph .7. hereof. All covenants and agreements of Borrower shall 6e joint and several.
<br />The captions and headings,of [he paragraphs of this Deed.uf Trust arc for convenience only and arc not to be used to
<br />interpret or define the provisions herenL - -
<br />t4. Nolicr. Except for any notice required under applicahie law to 6e given :n :mother manner. la) any notice !n
<br />Borrower provided for in this Decd of Trust shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as borrower may designate by notice to Lender as provided herein, and
<br />(b) any nohce to Lender shalt ~be given by certified mail, return receipt requested, to lender's address stated herein or to
<br />such other address as Lender may designate 6y notice [n Borrower as provided herein. .Any notice provided for in [his
<br />Deed of Trust shall be deemed to have been given m Horrowcr or Lender when given in the manner designated herein.
<br />15. L'niforan Deed of Trust; Governing Law; Sevembiiih'. This form of aieed of trust combines uniform covenants for
<br />natiotial use and nonuniform covenxms with limited variations by jurisdiction to constitute a uniform security instrument
<br />covering real property. This Deed of Tntst shall he governed by :he law of the jurisdiction in which tl3e Pmprrn' is located.
<br />In the event that am' provision nr clatue of this Decd of Trust or the Note conflicts with applicable law, such asnflict shalt
<br />nut affect other provisions of this Deed of Trust or the Note which can be given ellect without the cnntiicung provision.
<br />and to this end the provisions of the Deed of Trust and the Note are declared to he severah!e.
<br />i6. Borrowers Copy. Borrower shall be furnished a conformed cop}' of the Note and of this Decd of Trust at the time
<br />of execution or after recordation hereof.
<br />?7. Ttattsfer of [he 1'roprrty; Assumption. [f ail or any part of the Property ur an interest therein is sold er traasferrcd
<br />by Borrower without Lender's prior written consent excluding I;t) the creation of a lien or encumbrance subordinate to
<br />this Deed of Trust, (b) the creation of a purchase money security interest fur household appliances, . ~ t a transfer by devise.
<br />descent or b}' operation of taw upon the death of a joint tenon] er
<br />Lender nary', :rt Lenders c~+ptknn, declare all the sums sccurcd b} this Dced of Trust to be
<br />immadiaieiy due amt payable. Lender sisaii have waived snclt option a+ uccelernla if, prior io Ihr sic ^.r trteersfrr, i.rnder
<br />and the person to when the Proper, is !^- be sold ur Gran<ferred react: ;igeertnent :n ;vetting tFta[ ;he credit of such person
<br />is safisfarory to I ender and that the interest p-tai:;r tin the tiums secured h-y this Decd ut TrYSi s ::f s:ch clot
<br />t_endrr shalt rcyuest. If Lender has waived the option m acccieratc provu.ied in this par;igrrph i', rind ~af ~Hnrrmvcr's successor
<br />in ir.Eerest was rsrcuted a =. sumpti~:3 agrrrmcnt «..eptcd m w'r:;;ac; ?tv .a..+.u, ,.z„aier s.3:a: ;.,_..~. _-.-.. n:u~cr from
<br />all ohliga!ions under this Dced~ef Trust and the Nett ~~
<br />If Lender exercises such option to accelerate. 1 ender shall ;aaJ Rorr.rser nowt of a..e;cn;L:n io s,cordan:e wi:i,
<br />paragraph 14 hereof. Such notice shall provide a ;nriod of not k•sc than +0 day, from the date the roucr ^s maned within
<br />which Borrower may pap the sums declared due. It Burn3a cr Lrls w p:n' such sums peer to the ex p~nuon +~f such period.
<br />Lender ma}', withett! further no!ice er dcmaitd on Horrowcr, nit o6c ::m rcmedios prrmiltcd hr paragraph ; ti hrrerf
<br />Nor:-U cell°oaxt CovennN rs. Borrower and Lender further cm'cn:ntt and dgrcc as lolluwr
<br />Ig. AcceleraGan; Remedies. H:zcrpt as provided ie paragraph 17 hrrraG upon Borrower's breach of any cuarnunt or
<br />agreement of Burmwrr in this Dced of Tnrsf, breluding the covenants to pup when doe any scans sccurcd by This i)erd
<br />of Trust, Lender prior to acceleration shuH mail notice to Sorrttwer as prcnided in paragraph t4 brrcu( sprcifcing: 111 the
<br />breach; (2) the action rcyuired In cure such hooch; (J) a Jute, not Its, than 3(1 d:Y}s from the Ante the notice is mailed fn
<br />,Borrower, by +vhich such breach nmst br cured: unA 14) that tailum to cure such breach on nr before the date specihed
<br />in the notice ntap rcsuU in aca•eleratinn of the ,runs scatved by this Ih•rd of Truxi and lair of the Pnrpert v. The nutter
<br />shall further inform burrower of the right to reinstate after :ueeieration and the right ttY bring a court action to assert
<br />the nun•rxistence of a default or ern' other defense of Burrower to aaccieraliun mui sale If the breach is oat avred
<br />nn or heiore the Ante specitirA in the notice. Lender at icnder'v option ruuy declare all of the snnu creurcd by thi- Dred
<br />of 't'rust fu be innaediatcly due and papabic s, iHund further dcm:uui and nary intake the power ui ,sic anti mtv other Yemedies
<br />prrnriurd b} applicable taw. Lender shall be rntitleA ut collect all rcavatublc costs and expenses incurred ~hr pursuing the
<br />remedies provided in this paragreftb Ig, including, but not limited to, reaznnnbie alluntey'c fees.
<br />fi' the power of sole is invoked. 'I'rustec shall record a notice of default in ouch rounh in which the Property m some
<br />part theeo( is totaled mod shall maiF copies n( such notice in the monitor pre,cribrd by applicable Imv ht Borrower and to the
<br />other persaros prescriticd ity applicable taw. After the toper of vueh time ac mar be reyuirrA b}' applicable law, Truster shall
<br />y.ive public mr6cc of sale ht the persons and in ihv munucr pn•u•rihrd 6p uppiirtble law. Trustee, n'ithout Armond on
<br />;narrower, shah .,ell the Penpertp nt pnbBa• anrtiun in the hiRhe,i bidder at for time amt place avd uacier Cite trrnts designated
<br />in the nitrite of salt in one ur mare parcris and is ,nth order as i'nr,ice ntay dcicnninc. 't~rusire ours postpone sole of all
<br />ur mq' parcel of flee YropctYy by public aftYlanaa'ertlcnt al IAr time ;uul phu•r n( rut} previnush scheduled sale. Lender or
<br />Lender's designee may purchase the Pmpcrlp at anp sale.
<br />Upon receipt of pn7mcnt of tic price biA. Trustee ,hnit dcii+rr to Fitt purrbascr Tnrsk•e's decd term c}iug the Pntpcrlp
<br />sold. The recitals in [hr 'Fntstee's herd shalt he prima facie ctidencc• of the truth oi' the stm emrnls muds therein. '1'nt,ter
<br />shalt apply !hr proceeds of the s:dr in the Follow iytbb' order: (tl fu all re:nunnbly costs and ezpencrs of the sale, including. but
<br />not limited In, Trusfer 5 fors of not enure !Imo 1, L O~ 1 '~I~ of Ih~ gross sole price, rcasunn6le nttorney•, Fecs mtd culls of
<br />title cvitlencr, Ibl to all sums n•cun•rl h} this Ueed nF "RnsL• :utA Icl the excess, if am, to the pees+ut ue penuns Iegath~ entitlrtl
<br />Ihereta.
<br />t9. 6ornnvers Right to Reinstate. Nuns ilhst:nubrg I cndrr\ .~. celer.n ion o1 nc~ win-. ,r.wrd hs~ Ilu. Dced ai iYus~,
<br />Rnrrvtw'er shall have the right to h:n~e :mv pnxecdines heron hr Lender io ref, ^ra• Ihic Dced of ]'cull dlernnn uucd a1
<br />un~' time poor ter the curlwr Rr occur of O7 the lilth dn} bet o:c 7Lc +.de ul thv Properly pu nuv.m n• :hr pn +cl al .;dc anu:n ncd
<br />m this UcaJ of Trust or.n) entrp nt a )udgmem enlnrcing This Ih•ed of Trust rt I:u Barra,+er i+:rc~ I ender ill nmx whu'h :r,nih!
<br />he then due ender This DeeJ at l"rust. the Notc ;md notes sscunnu i`lnurc 1d+.^nres. it :m- h.ul na ,: ulcr::nnn +na urreJ:
<br />(hl Hurmw-cr cures all breaches of anv other arvenunts ,Ygrecmcnn of 13c~rnnsar a rnuu red i a:hrs (acrd nl rnrst.
<br />rc) 6,unn,-er pays all rcasunnhlc crpm3sc. incumd by !ands: :utd l7urcc m cuforcml: the ~+ cn:u3is and agrccmenls ul'
<br />Borrower contained ir. Ihis Dced of Il us1 and m enforcing I ~rdcrs .ind ll u~tce"s remedies ,;; p:or:dcd m p:: r:tg: ;qth Iti
<br />iu•reaL including. but Dot Goofed tn. r unable ^nortmsA feev, .uul 1^h 13nrms.er mkts such acno^t as 1 c•nde+ mar ^ r:hh
<br />n•yuire to assiir thin the Len al this ~Dcrd of fort. I code(. inicrc.t m the t n,pcric .md li.^rmw er\ „bliganr~n ~n {,:,r
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