|
;(;+i;,j;�.,�r� . • ' r���� ��.
<br /> ;�t�Y�7� . �z..
<br /> .;�,� .. - - .y�'��;::-
<br /> y{•t„.;�,•z'rb.�'��jit.z;�5+7�`�fi��:�-
<br /> .. �1 I �M'L .�ww�-.1V�p�����_�.�.
<br /> ' � � �'wR�l1�4
<br /> ' ..� �. . . � . N.:.�� , ' _:._. .. .. . —
<br /> c.�f�n.....: ___`_ .. .. . .
<br /> . ` M�Y�II. _..._.. G_��.
<br /> � 'm i
<br /> .��1•' N
<br /> • ' .^�` l; ��.
<br /> � "'� � ��-'1��4� �:;
<br /> . .t:-
<br /> 't 9. Borrower Not Reieased; Forbearance By Lender Not a Walver, Thc Borrowcr shnll rcmaii� liablc far full '.,�-,
<br /> payment of the principel:►nd intcrest on ihe Notc(or any advanccment ar obligation)sccurcd hcreby, notwithstanding �",:::
<br /> any of the following: (a)The sale of all or a part of the pcemises.(b)the assumption by anothcr party of thc Borrower's :°,�,:
<br /> obligations hereunder,(c}thc forbearan�e or extensian of time for payment or performancc of nny obligazion hereundcr,
<br /> whechcr gra�ited to Borrowcr or a subsequcnt owncr of the property,and(d)thc releasc of all or�my part of thc premises
<br /> �•«,�'� securing said obligations or the releasc of any party who �ssumes payment of thc samc. None of thc Corcgoing shall
<br /> ��' in any way affect the full force and effect af the lien of this Decd of Trust or impair Lender's right co a deficicncy
<br /> judgment(in the event of fotcclosure)against Borrower or any p�y�guming the obligations hercundcr. _
<br /> . ; Any forbearance by Lender in exercising any dBht or remedy hereunder,or atherwise afforded by applicable law,shall -
<br />_ � � aot be a walver of or precludc thc exercise of any such right or remedy. __ ,
<br /> �' _.
<br /> 10. Successors and Assigas Dound;Jofnt and Scvernl L(ability;Co-signers. The covenants and agreements hcrein
<br /> contained shall bind, and the tights hereunder shall inure to. the respective successors and assigns of l.ender and =
<br /> ' Borrower, subject to the provisions of paragraph 15 hereof. All covenants and agreements ot Borrower shull be joint —
<br /> _ „ and several. Any Borrower who co-signs this Aeed of Trust,but does nat execute the Note:(a)is co-signing this Deed _
<br /> of Trust only to grant and convey that Borrower's intcrest in the Property to I.ender under the terms of this Deed of
<br /> • Tmsc, (b) is not personally liable on the Notc or under this Deed of Trust, and(c? agrces that Lender and any other -_
<br /> . Borrower hereunder may agree to extend,modify,forbear,or make any other accommodations with regard to the tenns
<br /> of this Deed af Trust or the Note without that Borrower's wnsent and without releasing that Bonower or modifying this F`.`
<br /> • ,: t
<br /> Aeed of Trust as to that Bonower's interest in the Properry. -
<br /> �...,, .� -
<br />- , ,w.
<br />_•��'� � , -� ]i. Notice. Except for any notice required under applicable law to be given in another manner, (a)any notice to s
<br /> S •�: Sorrower provided for in this Deed of Trust shall be given by delivering it or by m�iling such notice by first class mail _
<br /> � addressed to Borrower or the current owner at[he Propercy Address or a[such other address as Aorrower may designate _
<br /> by noticc to Lender as provided herein,and any ather person personally liable on this Note as these person's names aad
<br /> .` , addresses appear in the Lender's records at the time of giving notice and(b)any notice to I.ender shall be givea by firsc
<br /> class mail to Lender's address stated herein or to such other address as Lender mny designate by notice to Bonower
<br />_ - ' as provid�d herein. Any notice provided iur ui thts Dccd of Tr.�st shal!bP dePmed to have heen given to Bonower or
<br />;.� '' °ry�` Lender whcn given in the manner designated herein.
<br /> _b�..•
<br />�Y,;`.;.,.. -
<br />�r�,������ ` 1Z. Governing Law;5everabi![ty. The state and local laws applicable to this Deed oF Trust shall be the laws of the
<br />�3='� ± judsdiction in which the Propeny is located. The foregoing sentence shall not limit the applicability of Federal law to
<br /> ,,.,;:� :;�,.
<br />_�'��i._��� this Deed of Trust. In the event that any provision ar clause of this Deed of Trust or the Note conflicts with applicable
<br />;,�L�u w,� law. such wnflicts shall not affect other provisions of this Deed of Trust or the Note which can be given effect without
<br /> "F�_�����,�. the conflictiag provision,and to this end the provisions of this Deed of Tnut and the Note are declared to be severable.
<br />�a,^:_�Y-�— As used herein'costs", "expenses"and"attomeys' fees"include all sums to the extent not prohibited by applicable law
<br /> -'�'�.�� or limited herein.
<br />_�;,�:�.�.
<br /> �_�s'�}r�!�.
<br /> 13. Borrower's Copy. Bonower shall be furnished a conformed copy of the Note,this Deed of Tnist and R er(s
<br />'="�'�'� at the time of execucion or after recordation hereof.
<br /> .•H.4STi}[xti�!
<br /> _�'�yi�
<br /> - - 14. Rehabilitation Loaa Agreement. Bonower shall fulfill all of Bonower's obligations under any home
<br /> -_���== nhabilitation. improvement, repair or other loan agreemeat which Bonower enters into with Lender. Lender, at
<br />�'°'f� Lender's option,may require Borrower to execute and deliver to Lender,in a form acceptable to Lender,an assignment
<br />�=��� of any r�ghts. claims or defenses which Borrower may havc against parties who supply labor,materials or services in
<br /> 3.��� connection with improvements made to the Property.
<br /> r',_,-�.� 15. Trans[er of the Property or u Beneflctal Interest In Borro�vcr, AssumpNon. If all or any part of the Propetty
<br /> -�.�s.� or any interest in it is sold or transferred (or if a beneficial[nterest in Bonower is sold or transferred and Borrower is
<br /> '"�"�w" nat a natural person)without Lender's prior written consent, Lcnder may, at Lender's option,for any reason.de�lare
<br /> -A����`�
<br />:;Y�y,,: •' all the sums secured by this Deed of Tntst to be immediately due and payable. However, this option shall not be
<br />-�' 'w-:,':n cxercised by I.ender If exercise is prohlbited by Federal law as of the date of�his Deed of Trust.
<br />� �', • � If Lender exercises this option, L.ender shall give Borrower nutice of acceleration. The notice shall provide a period _
<br /> ` ' of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured _
<br /> ,� by this Deed of Trust. If Borrower fails ro pay in full these sums prior to the expiration of this period, Lender muy -
<br /> '•� invoke any remedies permitted by this Deed of Trust without further notice or demand on Borrowcr. �_.
<br />-�� � �. ' Deed of Trust ma not bc assumed by a purchaser without the Lender's consent. If an assumption is allowed,the
<br /> This Y
<br /> . ��:,:,�..j Lender may charge an assumption fee and require the person(s)�ssuming the loan to pay additional charges�s authorized
<br /> _. ._�' : by law.
<br /> i �
<br /> � i -
<br /> i �.L .
<br /> �
<br /> i "K�, ,
<br /> ��
<br /> � 1X1747 IRev 1161 I•opr S ol S ,I 11�U1 I�±I N�AR�KINIIi(i�l .
<br /> I
<br /> i
<br /> I
<br /> . � ..------._.._...�
<br /> i �
<br />
|