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9419. X50 <br /> b. Second, in payment of principal on any Future Advances made <br /> pursuant to Section 25 of this Deed of Trust. <br /> c. Third, to the amount of principal owing under Section I.A. of the Note <br /> shall be allocated the value equal to the percentage value determined above multiplied by the <br /> principal then outstanding in Section I.A. of the Note. <br /> d. Fourth, to the contingent interest described in Section I.A. of the Note <br /> shall be allocated the value equal to the fair market value of the entire Property just prior to <br /> the condemnation minus the purchase price, as this term is defined in the Note multiplied by <br /> the percentage value determined above, multiplied by the percentage value set out in Section <br /> I.A. of the Note (or the most recent recalculation of this latter percentage value). <br /> e. Fifth, to the Borrower. <br /> Following the making of the above allocations of an award in partial condemnation, <br /> the principal amount owing under Section I.A. of the Note and the purchase price of the <br /> Property, as this term is defined in the Note, shall both be reduced for all purposes by the <br /> percentage value determined above. The percentage value set out in Section I.A. of the Note <br /> shall not be affected by any allocation of an award in partial condemnation. <br /> If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower <br /> that the condemnor offers to make an award or settle a claim for damages, Borrower fails to <br /> respond to Lender within 30 days after the date such notice is mailed, Lender is authorized <br /> 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 <br /> proceeds to principal shall not extend or postpone the due date of the payments referred to in <br /> Sections 1, 2 and 5 hereof or change the amount of such installments. <br /> 13. Borrower Not Released. Extension of the time for payment or modification of <br /> amortization of the sums secured by this Deed of Trust granted by Lender to any successor <br /> in interest of Borrower shall not operate to release, in any manner, the liability of the <br /> original Borrower and Borrower's successors in interest. Lender shall not be required to <br /> commence proceedings against such successor or refuse to extend time for payment or <br /> otherwise modify amortization of the sums secured by this Deed of Trust by reason of any <br /> demand made by the original Borrower and Borrower's successors in interest. <br /> 14. Forbearance by Lender Not a Waiver. Any forbearance by Lender in <br /> exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not <br /> be a waiver of or preclude the exercise of any such right or remedy. The procurement of <br /> insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver <br /> - 8 - <br />