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<br />9. Condemnat~n. The proceeds of any award nr claim for Damages, direct or corrsequentiai, in connection with an}' -
<br />condemnation or other taking of the Propcriy, or part thereoL or for rnnveyance in lieu of condemnation, are hereby assigned
<br />and shall Ix paid to Leodcr.
<br />In the event of a total taking of [hc Property, the proceeds shall he applied to the sums secured by this Deed of Trust.
<br />_-:with the excess, if any, paid 1n Borrower. In the event of a partial taking of the Property, unless Borrower and L.endxr
<br />-otherwise agme in wrinng. there shall he applied to the sums secured by this Decd of Trust such proportion of the proceeds
<br />as is sauce! to that proportion which [he amount of the sums secured by this DeeJ of Trrtst immediately prior to the date of
<br />taking liars to the fair market value of the Property immediately prior In the date of taking, with the balance of the proceeds
<br />- .paid to Borrower. -
<br />if the Property is abandnneJ b}• Harrower, or if. after notice by Lender fn Borrower that the condemnor offers to make
<br />an award or senle a claim for damages, Borrower fails to respond to Lender within 3H days after the date such notice is
<br />mailed. Lender is authorized in rolled and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Propery 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 Jue Datc of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />l0. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secure)
<br />by this Deed of Trust granted by Lender u+ any successor in interest cl Borrower shall not operate to release, in any manner,
<br />the liahilir}• of the ori¢inal Borrower and Borrower's successors in interest. Lender shall nm be required In commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />` secured by this DeeJ of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />13. Forbearsnce by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, nr
<br />-otherwise aiferded i+y appiicabie taw, shall not he a waiver of or preclude the exercrse of 'any such right or remedy. -
<br />'.-The procurement of insurance or the payment of taxes or other liens or charges by Lendcrshall not be a waiver o[ Lender's ~,
<br />'~, right to accelerate the maturity' of the indebtedness secured by this Decd of Trust. ~ '
<br />12. Remedies Cumulative. Ali remedies pmviJed in this Deep of Trust are Distinct and cumulative to any other right ',
<br />' or remedy under this Deed of Trust or afforded by law or cyuin•, and may be exercise) concurrently, independently or
<br />~. successively. ~ ',
<br />)3. Successors end Ass ns Bound; Soim and Several Liability,; Capfrnrts. The covenants and agreements herein
<br />4;
<br />contained shall bind, and the rights hereunder shall inure to. the respective successor< and as'srgns of Lender and Borrower. ',
<br />' subject to the provisions of paragraph I? hereof, Ali covenants and ugrermems of 13orrnwer shall he joint and several.
<br />' '. The captions and headings of the paragraphs of this Decd of !'rust are for convenience only and arc not to be. used to I,
<br />~. ~' interpret or define the provisions hereof. ~~ ~,
<br />13. Notice Except for any notice required under applicable law to be given m another manner. (a) any notice to
<br />borrower provided for in this Dced of Trust shall he 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 />16) any notice to Lender shall be given 1,y certified mail, return receipt reyuesteD, to Lender's address stateD herein nr to
<br />such other address as Lender may Designate by notice to Borrower as provldcJ herein. Any notice provided tar in this
<br />Deed of Trust shall be deemed to have lien given ro Borrower or I_cnder when given in the manner designate) herein.
<br />I5. Uaifotm Deed of Trust; Governing Law; SeverabiBty. Thrs form of JecJ of trust combines uniform covenants for
<br />national use and non-uniform covenants with limited variations by jurisdiction m ronstitwe a uniform security instrument
<br />covering real property. This Deed of Trust shall be governeD by the law of the lurisdictinn in which the Property is located
<br />In the event that om• provision or clause of this DeeJ of Trust or the Note conflicts with applicahie law, such conflict shall
<br />not affect other provisions of this Deep of Trust nr the Note which can i;c given effect without the con9icting provision.
<br />and to this end the provis+ntrs of tfie Deed of Trust and the Note arc eleclarcJ tp tx severable.
<br />IB. Borrower's Copy. Borrower shall be funnsheD a vnfornn•J copy of the Note and of this DerD of Trust at the time
<br />nt execution er after rewnfation hereof.
<br />17. Trtu~fer of the Property: A~umptlan. I( all or any part of the Pmpcny nr an interest therein is sold or transferreD
<br />by Borrower wuhuut Lender's prior written consent, excluding tat the creation of a Gen cr encumbrance subordinate to
<br />this nerd of Truce, fh) the creation ct a purchase money securely interest for hnuschnlD anphanccs. Ice a transfer by devise,
<br />Descent ur by npera6on of law upon the Death o} a joint tenam or
<br />Lender map, at Lender's option, Dcclure :d( the sum< secure) by this UreJ of Trust ro be
<br />immediately due and payable. Lender shall hour wawcD xlrh option t.r accclerrtc it, prior to the sale or trmster, irndcr
<br />:md the person .d whom jhr Property is to hr snlJ or transfer) rD reach agreement in writing that the credit c[ such person
<br />is satisfactory to [.ender and that the intcrrst payable on the sum. sewreJ by Ibis UreJ of frost hall he al such rate :n
<br />Lender shall request. It Lender has waived the option ro accelerate pnwiJeJ iu thu parrgrlph 17, anD if Borrower's successor
<br />in interest has executed a written ;rssumpuon ^grrcnn•m uecrpteJ in rooting M' Lender. Lender shall n•icase Borrower from
<br />all obligations under this DeeJ of Trust and the Note.
<br />If Lender exercises such option to accrlrrate. Lender shall I ;ui Borrower nonce of a celeratinn in w>rdanec wish
<br />paragraph i3 hereof. Such nmlce shall provide a prrioJ of not Ic„ Ihan iU Da}~s from the Jatc rho rnocr i, maileD within
<br />which Borrower may pay the sums deriareD due i( Bormucr f;uls to pap such ions poor to the es p~ratiun of Such period,
<br />Lender man, without further notice or demand on Bormsvcl. inn+ke ;m} rrnrcJicti permiucd by paragraph I tS hereof.
<br />NoH-U Nna+am ('our Hxua s. Borrower anJ Lender Ivrl her c, ant and agn:e .. follow.
<br />18. Acccleralion: Remedies. l:xcepl us provide) in parugrnphrl+7 hereof, upon Borrower's breark of :+nv covenaN ur
<br />_ ugrcemeni oI B+rrruaer in thu (;~rJ of ~Pnrst, including the covenants to pay when tine any sums secured by Ibis Ihed
<br />of Trust, Lender prior Eo uccrlrralion shall uruii notice In Burrower ns pent filed in paragraph Ii hcrmf specifying: 111 the
<br />breach; Ifl the action required to care such Irreaa•h; 1~1 u date, oaf Ir.s Ihan 311 days from the date the notice is mailed io
<br />Borrower, by which such hn•ach must trc cured; and (J) tbnt failure to cure wrh 6rrach tin or before the dale specified
<br />in lhr noice may resuh in arceieration of fhe soars x•cured by this Deed of 9'nnl and sale of the Properly. The nulice
<br />shall taRher infunn 8orrowcr +rf Ihr right to rein talc allcr arcrirralion :uul the right to bring a court aclimr to assrrl
<br />the npa•ex6lence of a drfaull or any plher drfrnsv of Borrnwa•r to uccrlrrutioo anJ sale. If the breach is nut cured
<br />tin nr lilacs Ike dale spca•ilird in Ibe notice, Lender at Lender's option may declare all of the won secured 6y' this Deed
<br />of 7~nrs1 to be immrJialrly due mul pay able wilhoul further demand mrd umy invoke the power of sale and any of ht•r rcnrrdies
<br />penuilted b) applicahlr law. Lender shall be eulitled to collect all reaaonablr roMx and expenses incurred in pursuing Ole
<br />rerrrrder.- proridrd in Ihls paragraph Ig, blcluding, but trot limited to, rcasunnblr nttnnrrys fees.
<br />!1 !br ^owrr p( .ale is in.oked, l7rrsler slmll record u notice of deBudl in curb coon!} in which fhe Properly nr some
<br />part thereof is berated dad shag mail copies nF such notice in Ihr nuuvur preseribrA )q applicable Ern U+ itrunn. er anA to the
<br />Whet trer.etrs preserilred by applicaldv )a W, a,fra•r the )apse pi' sucb linu• as uray be required by applicable law, 'i'nlNrr shall
<br />give public notice of sale to the persons and in the mnnnrr prra•rilrcd by applicable Ipw. Truster, without JrnranJ nn
<br />Borrower, shnii sett the Properly nt public aucliun to the highcel bidder ul the time and place :uul under the Iernrs designated
<br />in IMr nolfce of sate in one ar more pan'ris mul in such order as l7nstec may determine. Trustee may pmtpunc sale of all
<br />or any parcel of the Property by public annmmcemcnt at Ihr Omr and pWce of any previorniy srhedoled Bale. 1 nder or
<br />Lender: designee may punhas'r the Properly ul any solo.
<br />Llpon receipt o{ paymem of the price bill. Tntstee shall dclir er In the pnrt'hasor i'rrrslcr t tired ronsry tug the Properly
<br />wld. 'f~hr rrchals itr Ihr 'Pnrtrc's deed simll be prima tacit cr idence of the trplh of the tau•nu'nR nmdo therein. Truster
<br />shall apply the proreeJc of the sale in Ihr follnwilrbb~ order. ((u) to all maauudde costs and expenses of the sole, including. 6u1
<br />aol limileri Io, Trustee's feet of not more Ihan li l Of 1': of the grass sate prier, reaamal+le atlurnrr's fors and rots of
<br />title evidence; Ib) to all stuns secured by Ibis DeeJ of Tnrsl; mul Icl the escens, it nay, to Ihr person ur persons legally rrrlitled
<br />Iherelo.
<br />dY. Bnrrowee's Right to Reinstate None ithsl;mding 1 ends', accr!cl .n ton ,d rhr roof. ,cemrJ la fhls Uccd ,~1 I n.i.l.
<br />Harrower vh'all hart the right t I h:ne env pn+cecdinp. hep.un 1•r i ender to nd,nee Ihi> I+tt•J tit ~Innr ,hsrnunnueJ al
<br />eny umu prior to the carper to occur of (il the fi!Ih Jay hcl are the sale of rho Properly punu.nn to du• po+ of ,.Jc cnN,u naJ
<br />o this Deed ul ?7usr ur till entry of a lnderucnt calm sing thi, Uccd of l'nl+I II; cal liurtnu. r pn . I onJcr all root, ~,hi~h ,.ouiJ
<br />he then Jue under this Dccd of l7u,t, the Nu2• and note, , cm me Funm• Advanros, .I .. ad no .. a•icc:iuur r ~ ni'.
<br />fh) Hpl n+w-cr .'arcs all breaches of any other ccn:uus ur agrtcnrrnrs + - Hurmu al r,uwincJ In rl his I)rrd ul ell ~ru.r:
<br />!•! B.r--.- r f-rt alt n. i- ; n-.- 1.---tin.-. is r -i r -nil hr- - I+ - r r-- .III .- n'- +t .ni rl I - : •'"
<br />1.+. rt._ uL.;.in~J Ihr: L~ Lu,l '.ul i++.ldonin,. Lender ~. .d T_I .ice, I di_s is -.JcJ i I• ice, ~.q,h 1%
<br />hereof. including. but nut lunuctl to" rc sonahlc :ntnnicls Gr,; .end Idl •Bo n'ower lu~Q, s r, h .,chou as I cnJrr races r ,-,hh'
<br />r..-gmre to nscwe that the hen of elm ~DarJ of Iru.I. I rndvrs mlel e•I m Ihr Pl rpertc .ind Hal r,m clA ohht~.u nni i~• p„
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