|
- _.. �.— w ..,. _ - - -
<br /> j,.y�.a����-'+-`�.'�,�y �.` M - ::��j ��y I � '������r I��F��� __ ^t f}-5---.�—__� i '+.y
<br /> �� i s �•in
<br /> �? F . . .� . . ... . _±�
<br /> .
<br /> '�
<br /> .-
<br /> _ .. 1.� - ( ,_--
<br /> � :-
<br /> ., . ' .� . .. --
<br /> .�1._. . � �� ' -
<br /> ...u.rfitilnWl�m. : . � . . . .._ ...,. -
<br /> ' . .Q' �f* ,�. � � �. . _
<br /> � " ..� .� /��. . . . .
<br /> 10. Berre�ra►R182 Released;Fo�bea�artco�y Lsnder Not e Waiver.Extension of the time��payment orC modt�(c�atton "-
<br /> of amortizatlon of the eums secured by thia Deed of 7tust granted by Lender to any successor in tnterest of Borrower shait not �
<br /> operats to release,in any manner,the Ilabitiry of the original8orrower and 8orrower's successors in interest.Lender shaii not
<br /> ba required to commence proceedings against such successor or retuse to extend time for payment ar otherwfse modly . •
<br /> amortization of thesums aecured bythis Deed otTi�ust by�eason of anydemand made bythe originat Bonower and Borrower's � . _-�
<br /> sucaessots in interest.Any torbearance by Lender in exercising any right or remedy hereunder,or otheruvise aftorded by � '
<br /> , , appticable iaw,shati not be a waiver ot or preclude the exercise of any such right or remedy. � .
<br /> � 11. �ucaesaors and Assigns Bound;Jotnt and Severel Ltabiiity;Casigners.The covenants and agreaments herein --
<br /> contained shatl bind.and the rights hereunder shali inu�eto.the respective auccessors and assigns of Lender and Borrower. '
<br /> aubjeat to the provisions of paragraph 18 hereot.Ail covenants and agreementa ot Borrower shatt be joint and several.Any � -
<br /> _.: .:�,-' Borrower who co-signa this Deed ot Thust,but does not execute the Note.(a)is co-sigMng this Deed of Trust on{y to grant and � : , ,�°
<br /> .. ' convey that 8or�ower's interest in the Property to ltustee under the terms ot this Deed of 1Fust,(b)is not personally Itable on ., , __ _
<br /> � the Note or urtder this Deed of'itust,and(o)agrees that Lender and any other Borrower hereunde�may agrea to extend,modity� . ' .
<br /> forbear.or make any other accommodations with regard to the terms of this Deed ot Trust or the Note,without that Borrower's .. -
<br /> consent and without releasic�g 4hat Borrower or modiTying thia Deed of ltust as to Yhat Borrower's intereat in the Property. ` ;,:�-_
<br /> . 1Z. Notice.Except ior any eottc�a recl�+irod under appifcable taw to be given i�arto4her�nanner,(a)any nottce to Borrowe� �.��':��' '��
<br /> , •>���-.
<br /> � ; ,..;.:':t•,:r�_-��
<br /> provided for in tPets Qeed o4liust shall tea gave�o by deiivering it or by mailic�g sucP�notice by certifi�ad maii addressed to Borrower •:..'r�;�±r f�!t��rv:;��--
<br /> �� at tP�o PccRe�ty d�ddress or at such other addc�ss as BcrQOwer may dasognate by�o4ice to Lender As provided herein,and(b) �'%"'�'-'-
<br /> • .�,..-
<br /> 4 ae►y ataYB�e to lemder shall bs gt�en by certtfled mail to L�ctder's address state�her�in mr to suoQ�ath�r address as Lender may '--
<br /> ,. � des3gn�a4e b�s n�liGe to 8orrotiveras provided herefn.Any o�otice provided for in t6►is Deed ofTrus4 shatl be dee�n�es�4o have t�en `:;^":�� �
<br /> _ _— _ •v giv�n eo�aPrower or Lender when given in the manner designated herein. '~ .��,.Y�'- _
<br /> � � ; 13. Q�ming i.ew;Se�erability.The atate and locat laws applicabte to this Dead af Trust ahall be the laws of the jurisd3tRE��a • :
<br /> � ,. � in which tha Property is located.The foregoing sentence shai!�ot Iimit the appUcabiiity of Federat taw to this Deed of TruSt. ;;. —
<br /> In the event that any provision or clausa of this Deed of Ttuat or the Note confticts with appifcable law,such conflict shaii noi ,,rq-:
<br /> � ' affect o4her provislons of thts Deed of hust or the Note�vhich can be gfven effect vuithout the conflicting provis'an,and to this ���•`� �
<br /> '� � end tha provistans of this Daed of Trust and the Note ar�declared to be severable.6�s used herein,"costs","�xpenses"and `��
<br /> „ ..k i ':
<br /> � "attomeys'feea"include all sums to tha extent not prohibited by applicable taw or Iimited herein, �.:
<br /> � • 14. Borrower's Copy.Borrower shali be turniahed a conformed copy of the Note and of thls Deed of Trust at the ttme oi ••
<br /> �. exeCUtion or efter recordation hereof. ';'�:�.
<br /> 15. iiehabiiitation Loan Agreement.Borrower shalt fulflll alt of Borrower's obligations undar any home rehabilitation, � r�,:� .
<br /> _ 'improVtltrif�itf�Ffe�dii,Oi il2iidi i�di�fl$i88iii8tit WhIC1i 80i7aW8teii28i'S iiiia Wltli LCT.�L•.LE!!dL'i.8!(.8!lL�8f�84�}214Cl.!�lfl�►�9��lIf9 °�fi ��,�-
<br /> ,. � Bcrrower to execute and deliver to Lender,in a form acceptabie to Lender,an assignment of any rights,ctaims or defenses �'�� o
<br /> , ��-�� �
<br /> � } which Borrower may have against partios who aupply labor.materiats ar services in connection with improvemerns made to ���'t a:._—
<br /> the ProPertY -- ..—�
<br /> • �l� 18. 7tansferof Prope�dy ar a Bene41cla1 Interest in Bomowe�If all or any pAri of the Property or any inte�est in it is sold �,����`--
<br /> `-,�'�;`;� .�� ortransferred(or if a beneflcisi IMereat in BoRawe�is sotd or transterred and Borrower Is not a naturat peraon)without LendePs ��;.;,,��n!°R�-
<br /> � . :• prior wrltten consent,Lender may,at ita aptioa,requfre lmmedfate payment in iuii of aii sums secured by this Deed af Trust. �"'''� ���:�
<br /> •� ��' However,thts optlon shall not be exercised by Lender if exercise is prohibited by fede►al taw as of the date of this Deed of Tarus4. ��;�.
<br /> If Lender exercises this optton,Lendershail g(ve Borrower notice of acceleratlon.The notice shell provide a pe�iod o?nat ��:�v�`a
<br /> tesa than 30 days irom the date the�otice ia delivered or mafled within which Bonower must pay all sums secured by this Deed �
<br /> o!T�uat.It Borrower fails to pay these sums prior to the expiration of this period,Lender may invoke any remedies permittQd ..� .
<br /> - ,, by this Deed ot Trust without further notice or demand on Borrower. �
<br />- ' �'`�� NON•UNIF0I�AA COVENANTS.Borrower and Lender fuRher covenant and agree as foltowa:
<br /> � � 4! �" 17. AaelearaPfon;Remedles.Except as provided in peragreph 18 hereo'!,upon Borrower's broach ot arry ao�veaaaet - -
<br /> . �.. . -��_.:
<br /> . . . �� ' oragneementotBorroMrerinthlaDaedofTivat.inctuding8orrower'staituretopay,bytheendofl0calenderdaysefter --
<br /> . J they aro due.any sums securod by thla Deed of 7tust,L�ender prior to acceteration ahatl give nottce to 8orroK�er as >"���'�-�
<br /> � pe�vlded In paragraph 12 hemof speeHying:(1)the breach;(2)the eetion required to eure such breach;(:�)a dete.not ����`�
<br /> � leasthen20deyatromthedatethenoNcei�maitedto8orrower,bywhtchsuchbe�eachmustbecured;end(ajthatfaiture �5;�°::
<br /> to care auch broach on or beforethe da4e specitied in the notice may reault in acceleration of the sums seeured by 3hia �`�:-
<br /> � ' m��otltuatandsaleottheP►uperty.Thenoticesh�llturtherlMormBonaweroftheNgMto�einstatea4teracceteretlon -___
<br />_ . a�d the right to bring a court actlon to aaaert the norre�cistence of a detault or arry other detense ot 8o�er to ��=v
<br /> --- axeteraUon and aale.if tha b�+each is rtotcured on or bebre 4he date speeifled in the notic�a.Lsnder,s3 Riendar's optton� �::.- -
<br />- � �.+' may de�lane a91 of 4hs sums secured by this Deed ot ltust to be tmmedtately due and payable wfthout Turtherdemand .� _
<br /> � andmayim�k�tt�epaw�rofsaleandtnyotherremediespennittedbyapplicabtetaw tsndershallbeernitledtor�m90� ;_ _ •�'�'--
<br /> .. y�,
<br />= . � efl e�easona9a9e�andex�aensea Incumed In pursutrtg the remedies pr�vH�lett In thfs paragreph 1i,l�ciudtng,b��n�t ����'�Y�-___
<br />;. :: I�aaaDIIed to,rea�onable atto��oys'teea i�!��'�"`n�-.�^--
<br /> •.,i.;�rr.—;-.
<br /> '`�° � �tRene�sot sale is imraked,'iYuatee shall record a nottce of default firo��cfiu a:ouMy in whtch tQoe��o,party or some =;��•��-�-----
<br /> �:,..�--
<br /> - '� ' +StNVY�--:—„_.
<br /> p�sv�4�er�e�96�Omr,etedandsha11ma11copfesofauchnoticetnthemannerprescri6edbyeppilaebtetawto�orrawerand �':��.=.:c�-=•J�°... --.--�--_
<br /> ..:,�..-,-��. �...�_�
<br /> . �..•„ ;:, •:;�:.�;=t-_=�.w_._
<br /> ';��� � 4�Q�e o4her p��ons pres�Nbed Rry appiicable taw Atter the lepse ot auch time es may be requi e�d b y app i ica b te taw, .,y,,��,;�,,�,t.,.:.___
<br /> _ �� ' � ' 4�ra.atee ahali give pubita notics ot sele totfie porsona and in the manner proacribed by epplicable law 7Fuatee,without ='-:��.--
<br />
|