RES 231425 - Laserfiche WebLink

B. Second, in payment of interest on any Future Advances made pursuant to Section 24 ofthis Deed of Trust. C. Third, in payment of principal on any Future Advances made pursuant to Section 24 of this Deed of Trust. D. Fourth, to the amount of principal and interest owing under the Note. E. Fifth, to the Borrower. Following the making ofthe above allocations of an award in partial condemnation, the principal and interest amounts owing under the Note shall both be reduced for all purposes by the percentage value determined above. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair ofthe Property or to the sums secured by this Deed of Trust. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due date ofthe payments referred to in Sections 1 and 2 hereof or change the amount of such installments. 12. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability ofthe original Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest. 13. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of the Lender's right to accelerate the maturity ofthe indebtedness secured by this Deed ofTrust. 14. Remedies Cumulative. All remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively. 15. Successors and Assigns Bound:Joint and Several Liability: Captions. The covenants and agreements contained in this Deed of Trust shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject to the provisions of Section 19 6