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<br /> 12. Lak Clwrges. The Nou provides that if any paynieiit is not rc:.civctt by Beneflciary �
<br /> (or by the comespondent if a comespondent has been deslgnated by Heneflclary to nceive paymenta)
<br /> within five(S)calendar days after its due date,Beneficiary.at its aption,may assess a late charge
<br /> r,qual to five cents for aach 51.00 of ea�ch overdue payment or the maxlmum late charge permitted by
<br /> the laws of the State whcre the Trust Property is located,whichever is loss. Such late chsrgc shall be
<br /> due and payable on demand,and B�neficiary,at its optlon,may(a)refuse any late payment or any
<br /> subsequent payment unless accompanied by such late charge,(b)add such lato charge to the principal
<br /> balance af the Note,or(c)treat th�failun to pay sueh late charge as demanded as a default hereunder.
<br /> If such late charge is added to the pdncIpal balanc�of the Note,It shall bear interest at ihe Default
<br /> Rate.
<br /> � 13. Dettcieacy.Trustor consents to a personal deficiency judgment for any part of the debt
<br /> hereby secured whIch shall not be paid by the sale of the Trust Property, unless such judgment is
<br /> . prohibited Uy law. Any Tiustor who is a married person henby expressly agrees that recourse may
<br /> ' bo hact aga�nst his or h�r ather property, however owned, but without hereby creaHng any liea or
<br /> charge thercon,for any deficiency due after sale of the Trust Properry;exapt that this provtsion shall
<br /> not apply in the case of a Ttustor who executes this Deed of Trust but not the Nc:�secured hereby.
<br /> ; 14. Waiver oi Rights Regu�ding Pmperty. To the extent pernutted by law,Trustor
<br /> � hereby releases and waives:(a)all dghts to any homest�ad excmption in the Trust Property;(b)all
<br /> { rigtus of dower and curtesy in'u�c Tne�t Piv���3+���d(c)ait right�t���sion af th�Tr�t Pr�g'riy
<br /> t during any pertod allowed by law for redemption.
<br /> ;�
<br /> � 15. Wdver oi Rlght to Marshal. Trostor, for Trustor and for all persons hereafter
<br /> ' claiming thruugh or under Trustor or who may at any dme hereafter become holders of liens junior
<br /> � to the llen of this Dced of Trust,henby expressly waives and releases all rights to d'srect the order in
<br /> - which any of the Tnxst Property shall be sold in the event of any sale or sales pursuant hereto and to
<br /> �� have any of the Tmst Property and/or any otl�er property now on c�reaft�r constituting socurity for any
<br /> � of the indebtednrss secured hereby marshaied upon any foreclosura of tius Deed of Trust or of any
<br /> � othcr securlty fpr any of said indebtedness.
<br /> � 16. SeverabiUty. In the event any provision contained in this Deed of Trust shall for any
<br /> ? reason be held to be invalid� illegal or unenforceable in any respect, such invalidiry� illegality or
<br /> � unenforceability shall not affcxt any other provision of this Deed of Tcust,but this Dad of'�Yust shall
<br /> be construed as if such invalid,illegal or unenforceable provision had never ban contained heroin. _
<br /> a
<br /> y 17. Siguature on Deed o[Trust Only. Notwithstanding any other provision of this Deed
<br /> ' of T�ust,any person who executes thi s Deed of 1'nist,but not tha Note secured hereby.shall have no
<br /> ! personal liabiliry on the Note or for any deficiency judgment which may be obtained upon foreclosure
<br /> of this Deed of Tcust. Such persons jointly and severally waive presentment,demand,protest�notice
<br /> of intent to accelerate the Note, notice of acceleration of the Note� and all notices and agree that
<br /> Heneficiary,without notice to them or their consent,and upon sucb terms as Beneficiary may deem
<br /> . Dad ot7lus�,Assf=nmeot of Renp�Socuriry AR+eertient��d Fixaro Fliny(NB-9/47)
<br /> PACiH 18
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