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<br /> ! 9. Borrower Not Relwsed; ForbeArance By Lendcr Not v Waiver. Thc Borrowcr shaU remain liable for full -
<br /> payment af the principal and interest on thc Nate(or:ury advancoment or obligation)secured hereby, notwithstunding o_
<br /> ; any of the following: (a)The sale of all ar a part of the premises,(b)the assumption by another p.lrty of the Bonower's ;,„ �
<br /> obligations hereunder, (c)the forbenr.�nce or eatension of time far payment or performance of�ny obligation hereunder. •t:,
<br /> ; whethcr grantcd to Horrawcr or a subscquent uwuer of the property,a��d(d)thc rcleasc of all or any part of the premises . : _
<br /> ' , sccuring said obligations or thc release of uny party who assumes payment of the samc. None of the foregoing shall ,_;;j#r.
<br /> �„,,,,. in any way affect the fuU force and effect of the lien of this Deed of Trus[or impalr I.ender's right co a deficiency . '... .
<br /> � .w � judgment(in the event of foreclosum)aguinst Bonower or any party assuming the obligations hereunder. • � ''.;,:
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<br /> � Any forbeazance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law.shall .�. •;�..«..,--
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<br /> . ; not be a waiver of or pteclude the exercise of any such risht or remedy. • :=,.�s --
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<br /> . 10. Successors and Assignc Bound;Jotnt and Several Liability;Co-signers. The coveaants and agreements henin _._
<br /> • contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of I.ender and ..�;.;:^__
<br /> Borrower,subject to the provisions of paragraph 15 hereof. All covenants and agreements of Borrower shall be joint `�"t�°;.,r�,
<br /> and several. Any Bonower who co-signs this Deed of Trust,but does not eaecute che Note:(a)is co-sigaing this Deed :.�;;=
<br /> �� of Trust only to grant and convey that Bonower's interest in the Property[o Lender under the terms of this Deod of '�t -----
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<br /> Trust, (b)is not personally liable on the Notc or under this lleed of Trust,and(c) agrees that Lendcr and any other
<br /> Borrower hereunder may agree to extend,modify,forbear,or make any othar accommadations with regazd to the terms :;;}��
<br /> � of this Decd of Trust or the Note without that Barrower's consent and without releasing that Borrower or mndifying this ;tr_.;:�r
<br /> ` � Deecl of Trust as to that Borcower's interest in the Properry. r�i�----
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<br /> 11. Notice. Except for any notice required under applicable law to be given in another manner, (a)any notice to �`i--°=
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<br /> Borrower provided for in this Deed of Trust shall be given by delivering it or by mailing such notice by first class mail ���..°•,_
<br /> �• addressed to Borrower or the cunent owner at the Properiy Address or at such other address as Boaower may desigaate ���--
<br /> by notice to Lender as provided herein,and any other person personally liable on this Note as these person's aames and �_-
<br /> � addresses appear in the I.ender's records at the time of giving notice and(b)any notice to Lender shall be given by first
<br /> - . . __
<br /> class mail to Lender's address stated herein or to such other address as I.ender may designate by notice to Bonower
<br /> � as provided herein. Any notice pravided for in this Deed of 1'rust shaii be deemed co bave bccu givea to orrawcr ar
<br /> Lender when given in the manner designated herein.
<br /> 12. Goveraing Law;Severabiltty. The state and local laws applicable to this Deed of Trust shall be the]aws of the
<br /> jurisdlction in which the Property is located. The foregoing sentence shall not limit the applicabiliry of Federal law to
<br /> this Deed of Trust. In the event that any provision or clause of this Deed of Trust or the Note conflicts with applicable
<br /> law,such conflicts shall not affect other provisions of this Deed of Tnist or the Note which can be given effect without
<br /> � the wnflicting provision,and to this end the provisions of this Deed of Trust and the Note are declared to be severable. �_�
<br /> As used herein"costs", "expenses" and"attomeys'fees" include all sums to the eztent not prohibited by applicable law -
<br /> � r or limited herein.
<br /> • 13. Borrower's Copy. Bonower ahall be furnished a confortned copy of the Note,this Deed of Trust and Rider(s)
<br /> � ° at the time of eaceution or after recordation hereof.
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<br /> , �. �. 14. Rthabilltadon Loan Agreement. Bonower shall fulfill all of Borrower's obligations under any hame
<br /> • rehabilitation, improvemeat, repair or other loan agreement which Boaower enters into with Lender. Lender, at
<br /> Lender's option,may require Bonower to eaecute and deliver to Lender. in a form acceptable to L.ender,an assignment
<br />- - of any r�ghts,claims or defenses which Borcower may have ugainst parcies who supply labor, materials or services in �__ _ - ° --
<br />` connection with improvements made to the Pcoperty.
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<br /> ..� �� 15. Transfer of the Property or A Beneftcial�ntcrest in Borrower, Assumptton. If all or any part of the Property �
<br /> " ' or any interest in it is sold or transferred(or if a beneficial interest in Borrower is sold ot transfened and Borrower is
<br /> � ` not a natural person)without Lcnder's prior wrltten consent, Lender may,at Lender's option,for any reason. dxlare
<br /> �� all the sums secured by this Deed of Trust to be immediately due and payable. However, this option shall not be ��.,���u
<br /> ;' exercised by Lender if eaercise is prohibited by Federal law as of the date of this Ueed of Trust. �=�_-"'�°""'�-..—
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<br /> [f Lender exercises this option,Lender shail give Borrower notice of acceleration. The notice shall provide a period G�r -w.�„�,
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay�11 sums secured �" ��
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<br /> � by this Deed of Trust. If Bonower fails to pay in full these sums prior to the expiration of this period, Lender may :.:;;E � .jt�•
<br /> invoke any remedies permitted by this Deed of Trust without further notice or demand on Bonower. �- �' _ `
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<br /> This Deed of Trust may not be assumed by a purchaser wi t hout t he L en der's consen t. I f a n a s s u m p t i o n i s a l l o w e d, t h e .'�•`,i 7r'�''
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<br /> Lender may chazge an assumption fee and require the person(s)assuming the loan to pay additional charges as authorized + . ,. _ .
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