|
, , . ,. - �- ----_
<br /> �r.A..:,.,,. ,� , .. -----------
<br /> '. .
<br /> � � -3- Y': . r '�8-� 19.0��
<br /> 11, Saceeaora and Aaip� Bo��d;ddnt�nd Severd Li�bWty; Co-�i�aerr. Tt�c covenanu and ogramentc
<br /> h�rein oonuinod�ll bind,and the dghta hercunder chall inure to,the mpoctivo cucassorr uKl asaigns of Lender snd
<br /> Horm�rer, wbject to the providons of par�graph 16 heroof. All oovenenu and�groements of Borrower�hall t+e joint�nd
<br /> eeverel. A�ry Borrovrer who oo-signs thls Deed of Trust,but doe�ne�t oxecute the Note,(a)i�co-�igning thi�Uac1�f Tn�sl
<br /> oaly W graat and convey that Bormwers interat in the Property to Tnuta under the term�of thia Deed of Tnwt,(b)i�not
<br /> per�o��ally Wble on the Noto or under thia Deod of Truat,and(c)�groq that l.ender and uny other Borrower hereunder may
<br /> �gree w extend,modify,foibear,or m�lce a�ry other acoomnwdsUons with ngeM to the tarms nf this Deed of'Tnat or the
<br /> Note,without that Bormr�rort conseut snd without rolasing thet Borrower or modifying thi� Deed of Tnut ai to that
<br /> Hormwers interat ip the Property,
<br /> i�. Nodee. Exoept for ury aottoe roq�sired under�ppUaiWe I�w to be�ivcn in�nother m�nner,(a)aay eoUoe te
<br /> BonovMer provided for in thlt Deed ot TnW dw11 bo�iven by delivenina it cx by m�ilin�a�oh nodoe by omtlAed mall
<br /> �ddn�ed to Harro�wer at the Praperty AddreW a at wch dher�lrae u Horrower mry dal�ute by notke w l.endor r
<br /> provlded Leroi4 and(b)�nY aotloe to Lender�b�ll be�iven by actifbd nuil to I.et�da"��ddnnr qatad I�reln or to�uch
<br /> al�r rdd�a�t.eoder mry d�d�M by aodne to Eara�u pwided bdroin. A�aodor Ora�vld�d ia tMr DMd at Tn�t
<br /> �l!be deemed ro b�ve been�iven to Borron�er or L�adx+vbea jivan L the�as�dMiprM�d hinln.
<br /> 13. Govenl��I.�w;SevenbiNty. The state u�d local law�applicable to thl�Doed of Tturt thall be the IAw�of
<br /> the Juri�diqlon in whfch tt�e Property it located. Ttk foregoing Kntena sh�ll not limlt the q�pUability of Foderal law to
<br /> this Lked af TnW. In the eveat tf�st any providon or clawe of thi:Deed of Tnut or tbe Nnte oonlilcte with�ppllc�ble law,
<br /> wdt oontllct sh�ll aot �ather providons of this Deed at Ttust or tUe Note wfik�h an he given oRoct witbout the
<br /> �ntli�n8 Pcwuion+and to t!w ad tbe proviaioas of tttis Deed of Truat and tbe Note are doclsred W be�cver�bk. As u�ed
<br /> ba�ein� "ooMS". 'axpaues"and"Nttornays'toa"include aU aum to tbe wde�►t not prohibited by�ppUe�We Itw or I�imited
<br /> hcrtdn.
<br /> 14. Horrower'r Copy. BorroNr,r s4�11 be turnished a oonformod oopy of tl�e Nate�ad of thL Dood of Tnu�t u trie
<br /> dme a�wceaKicx�ar�tter�+000rduioa 6�reof.
<br /> � 23. r:habWiatlo� Lwa Apr�ase�k HaROwer ohall flilfill :�1 of Horro�ver� obUptiaoa urider a.-ty bome
<br /> �I�bilitatiou,impmveo�eat�repair�ot other lo�n ugroapent wllich Hdrto�er enten into with I.eaAer. Ir.t�d�er.u I,ende�'t
<br /> apUon,aaS'requtne Borco�v�er to execute and deliver to I,eaikr.in a fam a�pnbk to I.ender,an�sianrt�ent d any rijWs.
<br /> ciaime ot defenso�which&�rrower mey hive�gain�t patdes who supply lsbor, matai�l�or�ervica ia ooanectlon�vith
<br /> imprwemems��uaao�o ine rroperty. •
<br /> i�. Trander a(tie lropertr or a HeNdkW LteraR ir BoRrswer. If�Il or aay put ot the Pmpecty a aay
<br /> inta�art in it u aotd or tr�nderred(or if a beoW9cia1 inla+at in Hormw�er ia eoW or uansferiod and Hoimw�er u not a nMur�l •
<br /> Por�oa)witAo�ud.iiende�'�prior wriuea ooaeent,l,rnder may,u iu opdot►,.ro9uire immed;ue p�ya�ait in li�11 of dl� '
<br /> �ucuted by tdi�beod of Ttwt. However,thia opNon�hall not be exerci�od by I.ender if exercise it pr�lu'bited by fodetal law
<br /> �a�f the dNee ef thia Dood of Ttu1t.
<br /> • : Ii Lender exec�ciia tbis optioo, L,ender atwll give florrower nolia of�ocela�tioa. Tho � dWl pravido a
<br /> pp'Iod Of nol SCSS th�n 30 dty��rom the d�te We notipe•ii�delivetod Or mailod within which Bacm�wer m��t pty all wm� .:" .
<br /> recured by tlti3 Deed a�Tnnt. if Borm�rer Lils to pay theae auna prior to 1he expirallon of this peciod,I�ender mry invoke , ..
<br /> �Y�d P�b9 tLis Deed a[Tiuu witbout lbctha aotia or demand on Hormwer.
<br /> NON-UNIFORM COVENANTS. Borrower and L,ender further oovenant and sgroe as followr
<br /> 17. Acoderntio�:Bea�edka T�cept a�provided i��arayrnph 16 Yereo(��po� D�r*qwer't brr.�c�d aq .�
<br /> . . cdvant or�reeneat of Horrower la tih D'ted d Tn�t,ircM�dl�Borr+o�►e�'�t��to pq•��t�e ad d ta�(lA) �.
<br /> .cale�d�r d�ys:aner tbe d�e tie�Rre dre,uriy w�aa rea�red by tb#S Dad ot Tn�d,Lesder prbr to aeceientMa iaU' .:•. '
<br /> �ive nofke'to�Horrvwer�u provlded v parap�p�12. e�ot�peti(yiaic(1)tbe breaeh:Cl)the aetlo�r+ey�lrod M aRi+e". ..,
<br /> �acb breaeri(3)a date,not lar t6a�30 dar fnoei���te tLe notke u maikd to Bornower,br wWe�wei brsae� •..
<br /> �wt be aired;.and(4)tMat tailsne to are w�L bre�'rb ora or bdoro tiwe date�peciflcd i�tre retfoe aa�re�lt ir , .
<br /> �coekratlod ot tbe�am� �red by t6b Dad d Tr�art�uod tale o(tYe troperty. 7Uc rotke i�ll hrekr iatorr� ':
<br /> Bortti�+►er af tbe ri�Yt�bo r+eiaqate�fter acoelenttia�nd tl�t d�t a bri.��corrc�cdo.a+wa�t�Ye.atdMwa ,
<br /> oi a dd�wlt or a�y at6er dde�e d Dorrower to accderu�aad ule. V t6e b�eacY V sot arod o�or bdor+e t�e
<br /> date�peeUkd i�the aotla,I.ader,at Lader's opfa�,auy�e�lar�e dl o�tre wau�ear+ed by t�h Deed t'�etit t�
<br /> be i�edUbelr•dMe ud pq�ble wMroat ihrikr iarard sw�i�wke tie pewer d ade�i aqp ot�er redeifn
<br /> per�ftled b xpplkabk law. Le�kr �11 be aditled ro oelleet W aMt ud apara h�crrn+� ir prrwir=t�e
<br /> ra�eNa provi�ed M tAb p�npb 17 to tlie aAert pe*r�itt�d►y�pplk�6k law.
<br /> If Lender isvoke�t6e po�ver ot uiie,Lender or T�v�tee�h�ll mdl copie�of a aoNce of ui.e in tYe muner
<br /> prescribed by applkabk law to Bon�ower�nd to tf�e ot6er per�o�pracribed by�pplka6le lae. Trurtee sraU�ive
<br /> notke af ak b7 prbik�dverfix�eat t�r tre Wde ud L tbe ra�uer pra�crDed by applkYk law. TnMee,wilhort
<br /> Lw���Rww�wr�w i�ll�It Nu�vwMv�!wrlJiw r�w�iwa M IW ilir!IJdA��.fi�u.ww����L��i��.u�.J�w�
<br /> ���... --..r�-�..-r^_^_ —�---- �'^^-
<br /> aad �wder t6e tenu dedptated ia tl�e�otke d u�ls ia oae or mor+e par+cds s�d ir wkY order �u Tmrtee��y
<br /> deterrire. Tr��tee w�r patpe�e�le of W or uir p�rcd ot tbe Property 10 +u�y INer W�e ar t6e�e dak by
<br /> pNblk auw�oa�t �t tre W�e ud pl�ce af�y ptevioM�lr �cYedMkd ak. Leader or I.e�der'� daieeee aay
<br /> pareYiae eNe lroperly Rt uy u�k.
<br /> Tnstee�6a11 ddiver ro tbe prrclu�cr Trarta'�deed ooav�hf tbe Property io�aW wit�at�uy oore�Mt er
<br /> warruty.aP�ed or I�plied. 'I1e recitab ia tYe Tn�e'�deed t1uN 6e pd�f�de evWe�oe ot!re tn1Y�f Me
<br /> �tateaeab r��de tberda. Tr�rtee iall�pply tLe proaed�d tlrc�ak i� tYe tollowi� order. (a) to aU oerh a�i
<br /> ape�ues e:ercWn=tbe power of�le�ud oI tYe�nle,iNClNdlet Tnitee'�tea nat e:ceedi��S'K of tl�e atrtiudir�
<br /> prircipd bdNna aud attor�eq�'tea and oe�b of titk evide�ce;(b)W�II wrau�ecMned by tii�Deed d Tn�t;ud(e)
<br /> to the pqriwt ot junbr Trud dadh aartpZa or otYer Ikn6dden,�nd(d) tlk e:caw,if a�y�to t6e per�oir or
<br /> penar kplly entitkd tl�ereta
<br /> Form�739 NE: (10/96) p���s
<br />
|