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<br /> : ARTICI.E Il
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<br /> � 97-so653� �.:_
<br /> • ► NON-UNIFORM COVENANTS. Borrower and Lendar furthcr covonnnt and agree as follows: �o
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<br /> :.f�;r�•� 16. Aaeleration;Rcmedies. Upon Borrower's breach of any cavennnt or a�reement oP Bon•ower in this Deed _.
<br /> � of Trust, including without limitatlon the covenants to pay when due any sume under the Note secured by thls -�-
<br /> :�� Deed ot Trust. I.ender,at Lender's optian,subJect to the tollowing sentence,mny declare all of the sums secured _
<br /> �;t � by this Decd of T'rust to be Immediately due and payablc withaut demand or notice and rnny invoke the power
<br /> � of sale,and any other remedles permitted by appllcable Iaw. Prlor to recording any uotice ot detault Lender shull
<br /> give Borrower notice ot default as requlred by law nnd. in the event of u default conststing anly of aorrower's
<br /> failure to makc a requlred payment,Borrower shall once, as provlded by law,have twenty(20)days a[ter such
<br /> notice Is given to cure such default by tendering ths amouat due at tha tlme of the tender, w[thout acceleratlon,
<br /> - . �. plus any unpaid charges. After recording a not[ce of default,Lender shull be entltled to collect in such proceeding
<br /> aA expenses ot foreclosure, [neludtng, bnt nat I[mked to, reasonable attomeys' fees or trustee's and costs oP --
<br />-. documentary evidence, abstracts and title reports.
<br /> If the powcr of sale is invoked,Trustee shall record a no��ce�f defaulr in each counry in which any part of tho Property _
<br /> is locaicd nnd shall mail copies of such notice in the manner prescribe�by appl�.ab�•law a Borrower and to the other
<br /> . person�prescribed by applicable law. After the time required by applicablo law,Trustc:e shall give public notice of sale
<br />- to the persons and in the manner prescribed by applicable law. Trustee, withaut demand on Borrower, shall sell the
<br /> � �'�s Y' Propeny at public auction to the highest bidder at the time and place anJ uuder�he terms designated in�he notice of sale
<br /> ' in one or more pnrcels and in any ordec-Trustee determines. 'Trustee may postpone sale of all or aay parcel of the
<br /> ' Propeny by public announcement at the time and place of any previously scheduled sale. Lendcr of its designee may
<br /> purchaze the Property at any sale.
<br /> � Tiusta sLall apply the sale proceeds, first,to the costs and expenses of exercising the power of sale and of the sale,
<br />_r.,�a... .•�� including the paymeat of the Tcustee's fees actually iacuned not to exceed fifteen percent(15%)of the gross sale pdce,
<br /> secozs�, IQ j?8��.+nr,�j Qf thp �hlioatinn ccxured by Ihis Deed of TNSI, third, to the payment of junior trust deeds,
<br />��`' .,`'~�' mortgages or other lienholders,and the balance, if any,to the person or persons legally entitled chereto.
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<br />_�.�6��.�.`}zj 27, Assignment oi Rents; a�►pointment of Receiver. As additional sec:urity hemunder, Borrower hereby assigns to
<br />�.�.�n;;;�s Lender the reats of the Property, provided that Borrower suall, prior to acceleration under paragnph 16 hcreof or
<br /> �'��N;;>'�'r abandonment of�he Property,have the right:o collect and retaln such rents as they become due and payable.
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<br />—��;.;�`�� Uponacceleration under paragraph 16 hereof or abandonment of the Property, Lender shall be entitled to have a receiver
<br />—'°;'°r�`�.,'�'x�� appointed by a coun to enter upon.take possession of and manage the Property and to wllect the rents of the Propeny
<br />°�-�r� iacluding those past due. All rents collected by the receiver shall be applied first to payment of the costs of managemont
<br /> "•¢'°-"� of the Property and collectlon of rents, including,but not limited to receiver's fees,premiums on receiver's bonds and
<br /> '"�"''`�� reasonable attorneys'fees, and then to the sunis secured by this Deed of Trust. Tha receiver shall be liable to accc�unt
<br /> — _ �_��� only for those rents actually received.
<br /> _--N_.�=� 18. Loan Cl�arges. If the loan secured by this Deed of Trust is subject to a law which sets maximum loan chazges,
<br />��-_�,� and t�at law is finally inteipreted so that the interest or other loan chazges collected or to be wllected in connection with
<br /> --��'� the loan eaceed pennitted limits,then: (1)any such loan chazges shall be reduced by the amount necessary to reduco
<br />- -=�'".y�y� the charge ta the permitted limit;and(2)any sums already collected from Borrower which exceeded permitted limits
<br />���� will be refund�d to Borrower.
<br /> -=..,.�.�;�,� l9. kgislat�on. If,after the date hereof,enactment or expiration of applicable laws have the effect either of rendering
<br /> �°--d-="��� the provislons of the Note,the Deed of Tnist or any Rider,uneaforceable according to their tecros,or all or any part
<br />�-:�;:�-� of the sums secured hereby uncollectible,as otheswise provided in this Deed of Trust or the Note,or of diminishing
<br /> -�.Q.:.M1�,ir�-. the value of I.ender's security,then Lender, at Lender's option,may declare all sums secured by the Deed of Trust to
<br />��-,�',:r•�; be irnmediately due and payable.
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<br /> '`'�' � 20. Release. Upon payment of all sums secured by this Deed of Tntst,this Deed of Trust shall become nuil and void
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<br />- ,', and Lender or Trustee shall release this Deeci of Trust without charge to Borrower. If Trustee is requested to release
<br />__ ' ;;;.,;,_ f this De�:d of Trust, all instruments evidencing satisfaction of the indebtedness secured by this Deed of Trust shall be
<br /> - �• surrendered to Trustee. Bonower shall pay all costs of recordation, if any. Lcnder, at L.ender's option,may allow a
<br />_ :: ���� partial release of the Properry on terms acceptable to Lender and Lender may charge a release fee. _
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<br />��, �;�;�,� 21. Waiver of Homestead. Banower hereby waives all rights of homestead exemption in thc Property.
<br />�'� �"��' '-�s - 9'! Av..�w1....o Cntufunnac Rnrmo,�r ehail nnt r�uce or nerrtfit the DTCSCriCC.115C.d19DOS3I. SIOT�C,or releaso of any -
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<br /> ` • � Hazardous Substances on or in the Propeny. Bortower shall not do, nor allow anyone else to do,anything aff�cting =
<br /> -. � the Property that is in violation of any Environmental Law. The preceding two scntcnces shalt not apply to the presence, -
<br /> � � use,or srorage on the Pmperty of small quantities of Hazardous Substances that are generally recognized to be
<br /> � appropriate to normal residential uses and to maintcnance of the Property.
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