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<br /> . . owner of the property. (b}a transfer into an inter v�v9 trust in which the Borcower is and remaias a beneCciary and � . � . `
<br /> ' which daea nat relate to a ttansfer of rights o4 occupancy ia the propeccY.ot(i)any other trapsfer or disposiuon . r
<br /> described in regulations ptescribed by the Federei Home l.aan BanSc Boatd. Borrawer sha11 cause to be submitted �' .
<br /> � information tequite�by Lender to evaivate the transferee as if a necv loan wete being made w the transferee.Borrower � .
<br /> will wntinue to be obligated under the Note an+d this Deed of'['ntst tmless Lendrr releases Borrowet in writing. '
<br /> - If Ixnder does not agee to such sale or uansfer,Lender may aeclare sll of the sums secured by this Deed of Trust to . , , .
<br /> , be immediately due and payabte. IP Lender esetcises such aption w accetetate, Lender sha11 mail Borrower notice of
<br /> • acceleration in accordance with paragtaph 12 hereof.Such notice shall provide a period of not less than 30 days fram the
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<br /> ' date the notioe is mailed or delivered within wttich Borrower may pay the sums deciared due.If Borrower tails to pay
<br /> � such sums prior to ttte expiration of such peria�.l.euder map,without further notice or demaad on Barro�er, invoke __ _: _
<br /> , � . . any remedies permitced bp paragraph 1�heteo�.
<br /> ` NON-LJI4'IFORM C�VENANTS. Borrdwec aa�Lender further covenant aad agree as follow� .
<br /> ` 19.Accel�ration; �emedies. Eacept as pmvided in paragraph 16 hereof. or as otherwise required by law, , .
<br /> � npoa Bonower's breach oi say coveQasat• or sgeemeat o? Borrower in this Deed o� Trust. m��� �' , . .
<br /> Burrower's failure to pay,by t he eu d o t ten.{l 0 I�Z��ffi�y s���e d a t e t h e q a r e d a e,s a p s u m s . ._ .. . _
<br /> • bp this Deed of Trost,Lender prior to aocelesatian shaU give notice to Borrower as provided in paragraph 12 f
<br /> . . hereof specifyiu� (1)the breach; (2)the ac3ion recluired to core such breach; (3)a date,noi less than 20 days ; .
<br /> from tlte date tlte notice is mailed to HorrovPer, by which sncS� breach mast be cvred; aad(4) 3hat faifl�re 80 :� . ,,.,`.;; _�,�
<br /> ' cure s�b�zh on or before th�date sp.cafted in the aotice may result in aa:eteration mi tin�smr�s secored t,v` : ..�,�_
<br /> ' bg this I�ar�l of'�smst and sale of the PropertY. The noiice sJ�s31 further iaform Borrower aa�t�� sfight � ;:���-:';;;,:':-�:;
<br /> ' ' rei�astada s#qe�s�c�lesat�o�and the right to-6ria coort acticx�t�s assert the noneaa�ence of a �efaDYs or a�� 7` ;,`� • ,:
<br /> �� eia� g t,� � t .,
<br /> ;.,;: :? a�aer�s fenss o f B��ea�accelesaEias�•and saIl�.If the�c�is��4�re8 om �r 4:efare the da3e speci�n�d , �5,<� � s zr;. ,<<::
<br /> �ase all o€t�e s�amas s��azed bg this Deed �f Trast to be ���-���'�
<br /> �;;:�`�:.';�;���:j in the notirx, Lena�¢�.s�fir���.s's ogtina., aa�5 +' z•:;. • .
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<br />- . ;.,`�,;�....t.x,�;'� immedtiatelg dase aad �ra�C� wittnm�t €t�r¢$�r e��aad an� may iaio�e the paw� of sale �d eay othet �;:_..��, -. ..
<br />._ ,�!.,'.,•�..•� ',.;;,�.:,; remednes pez�ni€t�ed by applicable tser. �sa�er s�tadl be entitled to collect all costs and eapeuses incuned in
<br /> . �:'.,� r: pursving th�aeauedies provided in this paeagraPh 17 to the eatent permitted by applirsble law. . . <
<br /> ' ' � If�.eades iavokes the power of sale, L�ader ar Trustee shaU mail copies of a notice of sale in the inanner , .:_;.�:'.
<br />:, � ,_ ; i pres�ribed bp applicable law to Honov�es aad to the other persons prestribed by spplicable law.Trostea shs11 ` ':y�!Y:J:
<br /> - '. give notice o i sa ta by pablic advestisesasat fos the time and in the manner preseribed by appliceble law. ;-_t-�:�.:i:
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<br /> � Ttustee,withom demand on Borrowea,stsaU sell the Psoperty at public auction to the tughest bidder for cash ,• � .., .
<br /> ' � � at the time and place aad under the teams designated in the uol�ce o4 sate in oae or mare parc�ls end In sucL - s
<br /> _ :. � atder as Tsustee mny dater�sine.Trustee may postpone sale ot all or any parcel o!tbe Propariy to eay tater r' ,, -
<br /> � . , t i m e o a t h e sa me date b y public eaaauncemeat at the time end place af aag previously scheduled ssle. �_ � ,-
<br /> � , � Lendet or Lender's designee may purctiase the Psoperty at any aele.
<br /> � '• : .; Trustee shc►Il deliver to the purchascs'�mm�stee's deed conveying the Property so sold without any covenaat , �;
<br /> � �' � or wananty, espsessed or implied. 'f�e recitols ia the Tsustee's deed shell be prima [acie evidence of the � .,';..,�.
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<br /> � 5 troth oi the stetementa made therein."Tnastee shaA apply the praceeds oi the sale in the[ollowiag order. (a� �-.. .:.,�:,;y
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<br /> to u11 reasonable costs and ex easea oY.tt�sale, includia but not limited to� reasonabto Trustee a fees aud � .,�. _.. �,. :.
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<br /> ". attorneys'fees and costa of title evidzase; (b)to all sums seeured by this D¢ed ot Trust: aad(e)the escess,if ;� , ;:,�, ;._:.
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<br /> any.to the persoa or persons IegaUy�mtitled thereto. . .;,�..�-;:�_
<br /> _ 18. Horeower's Ytight to Reiastsito. Na2svithstanding Leade�'s acceleration of the sums secured by thie Deed oi _ ,.`.;�;.
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<br /> • Trust due to Bonower's breach, Borrower ehnll have the right to heve any proce�ings oegun by Lend�r to enforca this r:'� -~
<br />-�- �a�:�,�:��. � Dee3 oi Trust diseontinued at any time Pt'so�to the earlier to occur oi(i)the�fth day before the sale of tha Property ',:�;; _
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<br /> '� :�' � . � .;�,:, pussuant w the power of sale aa�taiced'ca t�i�Deed mf Tcust or(ii)entry oi a ludgment eniotcing this Il1eed of Trust if: ;��i�'�:,,.; �,:
<br /> ,' •�' '`` 'f {a?Borrower pays Leader all sums wEiich would be t�nen due undc�t�is l�ed of Trust aad tha Note ha�no acceteratiop .•l,t.;� , ;
<br /> . . . occurr�;(b� Borrower cures all breaches of anq oth�r covenants or agreements of Borrower watained in ttus Deed of �.� .� �
<br /> -'::� � � • Trust; (a) Borrower pags all teasonable espenses isa.^uned bp I.ender and Trustee in eniorcing the covenaAts and '�;;,•,' ;.'_;Y':`';�:':
<br /> �.' �'� ' � � ags�eements of Borrower�atained in ttia I2eed of Ts�ust,and in enforcing Le�3es's and Tt�stee's resa�dies as provided ';�ij�':�,�' •. .
<br /> ? '�'�'�' ,.�:�+ in paragrapb l7 hereof,including,but n�t limited to,aeasonable attosneys'feES to the astent permitted hy applicable Iaw; .. ..
<br /> ":: ;; aad �d) Bosrower takes such action as L.tuder may reasonably s�quire to assure that the lien o4 this Deed of T�'�t, ,4.,
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<br /> ' �'�j��� � Lender's interest in the Property and B�:rovrer'a obligation to pap t�sums secured by this Deed of Trust shall cont"snue . � ,
<br /> • unimpaired. Upau such paycnent and cur� by Borrower. this Deed of Trw^t and the obligations secured hsrebq sba11 � .
<br /> , �� � remain in full force and effect as if no acceleration had occurnd. : :
<br /> .. 19. Assign�neat oi Ren�ta; Appoi�tmeat of Receiver; Lender in Poasession. As additional s�curity hereundet,
<br /> � Bornower hezeby assigns to Lender t�e.exrts of the Property,pravided that Horrower shalf,prior w acceteration under :'
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<br />_ , � , :� � paragraph 17 hereof or abandonment me th.�Property.have the right w collect end retain such rente as they becosne due ��,. :,
<br /> .t..r snd payeble. 't �
<br /> `;' : , i Upon acceleration uAder paragraphg 17 hereaf ar abaadonment of the Property, Lender. in person,bq a�ent or by ( '
<br /> ��' � ' j�sdicially appointed receiver.shall be entitled to enter upoA.take possession of and manage tha Ptoperty and w collect -!' •
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<br />- � � the rents of the Property iacludin�tMse past due.All rente collected by Lesider or tha receiver shall ba applied Crst to
<br /> - � payment of the costa oi management of the Propercy and wllection of rents.including, but not limited to, receiaer's . . �
<br /> ��'F � iees,premiums on recciver a bonds and reasonable attorneys'fees,and then w the sums secured by thia Deed oi Trust. .
<br /> � Lender and the receiver shall ba li�ble to account only for those rents actually received. ' '
<br /> ' 20.Itelesse.Upon payment o4 all sums secured by this Deed o4 Trust,and,if thia DEed of Trust secures a Revolving
<br /> Loan Agreement, Horrower requests Lender to release tlus Deed of Trust,Lender ahall cause this DeEd of Trust to be .
<br /> ' released aithout charge to Banower.Bortower shall pay aU costs of recordation,if aay.
<br /> 21.Subs3itute Ttnstee. Lender, at Lender's option, may from time to time appoint a succes�or trustee to enY
<br /> - Trustae appc�inted hereunder by an instrument recorded in the county in which this Deed oi Trust is recorded.Withovt
<br /> ��-%"; . conveyance of the Propest�, the successor uustee shall succeed to all the title, power and dutiea canferred Upon the ,
<br /> Trustee hesein aad by applicable law. +( -
<br /> ,,�.�� • 22. Reqnest for '�otices. Borrower reyuests that copies ot the notix oi default and notice of sale be ser�t tn r� ' . �,.>�
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<br /> ' ��� ' ; � .� Borrorrer's address which ss the Property Address. :
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<br /> . .,. ._ . OB-30-34 Ceed of Tru�t NE ORIGINAI I��������������������� NECD7824 '
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