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<br /> 9. Bnrrower Not Rcle�.yedi Hurhe�rAncc 11y Lcnder Nat u Wc►Ivcr. Thc Borrowcr shall remain liahlc for full ��--
<br /> 1 paymcnt of the ti�rincipal nnd interest on lhc Not�(or any adv.�uicemcnt nr obligation)sccurcd hcreby, natwithstlnding �:{'-
<br /> � ;►uy of U►c follawing: (nS Tl�c snic of all or a part of thc prcmises. (b)thc assumption by anathcr party of thc dorrowcr's '
<br /> c�bllgations Itcrcunder, (c)thc forbcatancc ur extenslon af ti�nc for paymcnt or performancs of any obligution hcrcundcr,
<br /> L whcth:r�;rnntal ta Bnrrowcr or a subsequcnt awncr of thc property,lnd(d)thc rcicasc of all ar�ny part of thc prcmises '� �..
<br /> � securing sald aUllgadu�es or the reler�e of:uiy parry wha assumes payment uf Q�e sauie. Nonc o f'�I�c foregoing shall :.
<br /> �� �. in uny w�y nffcxt the full force vid effect of the lien of this Deed of Trust or lmpnir Lendc:r's right ta a deficiency .�;�
<br /> ��.,yy judgment(in thc cvcnt of forcclosurc) ngain9t Eionowcr or nny party assuming thc obligationshcrcundcr. ��;-
<br /> ���� Any fartxarvuc by Lcndcr in cxcrcising any right or remedy hcrcunder,or uthcrwisc afforded by applicable law,shall �;���
<br /> not be a walver of or preclude tlie exercise of any such right or cemedy.
<br /> � � _
<br /> �' I0. Succ�rA und As.gign9 Bound;Jotnt and Severel I.iability;Co-signers. The covenants and agrcements herein
<br /> �� contained shall bind, :u�d the rights hereunder shall inure to, the respective successors and usigns of Lender �nd
<br /> ' Bonower,subjt�ct to the provisions of paragraph IS hercof. All covenants and agreements af Borrower shall be joint
<br /> . � and severnl. My Bonower who co•signs this Deed of Tiust.but dces not execute the Hote:(a)is co-signing this Deed
<br /> - of Trust oniy tu g►tuit and canvcy that Bonower's interest in the Properry to Lender under the terms of thit need of =. _
<br /> � Trust, (b)is not personal(y liabic on thc Note or under this Decd of Trust, and(c)agrees thai L.cnder and any other —��
<br /> . � Bonower hereunder may ugree to extend,modify,forbear,or make any other accommodations with regazd to the terms �_
<br /> of this Deed of Tcust or thc Note without thut Borrower's consent and wi[hout releasing that Bonower or mudifying this
<br /> Deed of Tivst as to that Borrower's interest in the Property. ��_
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<br /> 11. Notice.. �xcept for any notice required under applicable law to br. given in anothcr mannPr, (u)any notice to `r
<br />* �� � Borrower providod for in this Deed of Tmst shall be given by delivering it or by mailing such notice by first class mail -
<br /> addressed to 8nrrower or the currenc owner at the Properry Address or at such other address as Borrower may designate
<br /> , by notice to Lender as provided hercin, and any other person personally liable on thts Note as ttKSe person's names and
<br /> , addresses a�a�ear in the Lender's records at the time of giving notice und(b)any notice to Lender shall be$iven by Crst
<br /> 1'=�� class mul to I.ender's address stated hercin or to such other address as I.ender may designate by notice to aorrower
<br /> =� � ac nravided heruin. Any notice provided for in this Decd of Tntst shall be deemed to havc been given to Borrower or
<br /> �''`' � I.ender wh�n given in the manner designated herein.
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<br />'�`.«.�'�- ' 12. Governing Law; Severability. The state and local laws applicable to this Deed of Trust shall be the laws of the
<br />-�`���,�,-�yr',;;�i; jurisdiction in which the Property is located. The foregoing sentence shall not limit the applicabil iry of Federal law ta
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<br /> ,,�,:..:�,;;�,�.• tL�is Deed of Trust. In the event that any provision or clause of this Deed of Tiust or the Note ronflicts with applicable
<br />�-:�;i;','':;�'�,•., law,such conflicts shall not affect other provtsions of this Dced of Trust or the Note which can be given effect without
<br />- '�''-'� the conflicting provision,and to this end the provisions of this Deed of Tn�st and the Note are dxlared to be severable.
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<br /> .,�;._,� �,y,� As used herein'costs", 'expenses"and "attomeys'fees"include all sums to the eztent not prohibited by applicable law
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<br /> or limital herain.
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<br /> -� �-� 13. Boaower's Copy. Bonower shall be fumished a conformed copy of che Note,this Deed of Trust and Rider(s)
<br /> p""' at the tirae af execution or after recordation hereof.
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<br /> _ _�=,1'== 14. RelwbUttottan Loun Agreement. Borrower shall fulfill �!I of Boaower's obligmions under any hame
<br /> ;�:;_,f� rehabilitation, improvement, repnir ur other loan agreement which Borrower enters into wiih l.cnder. L.ender, at
<br /> -`-��-��'�� Lender's ogtion,may require Bonower to execute and deliver to Lender,in a form acceptable to Lender,an a5signment
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<br /> > of any rights,claims or defenses which Borrower may have against panies who supply labor,materials or services in
<br /> ���'�`�� wnnectlon with improvements made to the Propeny.
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<br /> --- _ ��_ 15. 'ilruusfer ot the�roperty or a Benefictal Interest in Borrower,Assumption. !f all or any part of thc Property
<br /> �'`����;T"� or nny imorest in it is sold or uansfened(or if a beneficial interest in Borrower is sold or transferred and Borrower is
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<br /> -'"',�",,;`:� not a natural person) without L.ender's prior writ[en consent, Lender may, at Lender's option,tar any reason, declare
<br /> - _�:'���- all the sums secured by this Deed of Tmst to be immediately due and payable. However.�his option shall not be
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<br /> exerc3sed by C.ender if eaercise is prohibited by Federal law as af the date of this Deed of Tmst.
<br /> _ � `•:::" �
<br /> ;;;,,':�� : If Lender exercises this option, L,ender shall give Bonower notice of acceleratio�a. The notice shall provide u period _
<br /> _:�'l',�" , of not less than 30 days from the date the notice is delivered or mailed within which�Bonower rnust pay all sums secured
<br /> � by this Du.�d of Trust. If Barrower fails to pay in full these sums prior to the expiration of this period, Lender may �
<br /> invoke any remedies permitted by this Deed of Trust�vithout further notice or demand on Bortower. ��-
<br /> � This Decd of Trust may not be assumed by a purchaser without the 1,Qnder's consent. If an aswmption is allowed,the _
<br /> , Lender m�y chuge an assumption fee and require the person(s)assutaing the loan to pay additional charges as authorized
<br /> .�+� by law, .
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