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<br /> 11. Successors and AssiYns Bound; Joint and Several Llabilfty; Co-signers. The covenu�s xnd agreements iere�n " : , __._
<br /> � cont�ined shxll hind, xnd thr rights hereunJer shaU inur� tu, tl�e respective successurs and ass�gus uf (..cnQCr anJ B��rrower, . M�'.
<br /> subject tci the pruvisions of paragr�tph IG hrreaf. All cc�vetixttts anJ xgrrements uf aorri�wer shall hc joint anJ severxl. Any I
<br /> � Aorruwe:r�vho ca-sig»s tt�is Dee�i�t Trust,hll� al1C�Il(lI CXCCUIC(IIC NUIC, (a)is w-signing thiy Deed cif Trust unly to grxnt and �
<br /> � cunvey tl�at Burruwer�ti IQICR:S[111 I�1C PfUpCf►y Il)TRISICC Up(ICf IIIC ICRIIti Ot(IllS DCC(I 01 TCUS[, (b) is ncu persu�u�lly liuhle on
<br /> I th� NutC or undrr this Decd c�f T'rust, xnd (c) a8ree.r• tl�at Lender and any �nhar Borrc�wer hereunder mxy agree to extend. '• �.j,-
<br /> � ' nu►dify, ti�thear. ��r make any uthrr accummadxtiu►�.ti with rebarJ ro d�e tem�s uf this Deed of Trust or the Ni�tC, widu�ut thNt ...
<br /> � 9urruwer'ti cunsent and without rrlrasing tl�at Borrower ur mudifyinb thix p�rJ uf Trust�.s tc�[hat Burruwer's intrrr,t in d�e ' ... ,..•.;
<br /> Pru�rty. Itcxhle law to be glven in xnother manner, (x) uuy notic� [u � ��r.
<br /> .-w 12. Notice. Except fur any nutiee reqwired under app - ;'- •:'•`;�:
<br /> �� Be�rruwer proviJed tiir in this Qeed uf Trust ,hall he given hy delivrring it ur by mailing such ncnice hy ccrtitird mail , ^;. :
<br /> addressed tu B��rrc�wer at dte Pruperty AdJress or at sucl� t�ciier address x.� Bc�rrower may desigcwste by notice t�� LCII(IC[N� r.=,
<br /> pr�wideJ herein, and (b)any notice [u L.ender shall be given by crrtified mail tc� Lender's xddress su+ted hrrein or to such od►er , -;,,�.-4��1�,:
<br /> xddress�.s Lxnder may drsi�;�uste hy notice to E3e►rn�wer xs providrd lierein. Any notice provided tor in this DeeJ uf Trust xhall '__;-_--
<br /> t�e deemrd te�have heen given tu Burrower ur Ixnder wlien given in the mxnner desigiuted herrin. ;. `��_�-----_ _
<br /> 13.Governing Law3 Severability. Tlie state and li�cal laws applicable to this peed of Trust shall be d�e laws c�f thc ,�
<br /> jurisJiction in whicl�the Property is lucated.The ti�rrgoing sentence sl�a l l nut lim it t he app lica b i l i t y o f f e d�r al l aw to d�is Deed `r^��.
<br /> of Trust.In d�e event that any pravision or clause��f this DeeJ of Truse or the Nc�te con�lic�+widi applicable law, such couflict
<br /> shall iwt affect e�tl►er provisiuns of this Deed of Trust or thc Notc wbich can be given effect withaut the conflicting pravision, •4.��.
<br /> and tn this end die ptuvisiui�.ti of this Deed of Tnist and the Note are declared ta be severable. As used herein, "costs,"
<br /> "expenses" and"attameys' feeti' include all sums ta th�extent not prohibited by appltcable law or limited herein. _
<br /> 14.Borrower's Copy. Barrower shall bC furnished a wnfomied copy of Uie Nate and of d�is Deed af Ttust at thr time of '-_
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<br /> executi�m or after recordatian hereof. � F'r
<br /> IS.RehabllttatEon Loan Agreement. Borrower shall fulfill all of Bnnower's obligations under any honie tehabilitatian. , ,r�:
<br /> � improvement,repair,or other loan agreement which Borrower enters inw with Lxnder.Lender,at Ixnder's option, �nay require F��,
<br /> Bc�rrowrr to�xecute an d de liver co ixn der, i n a f o rn i a c c e p u►h l e t o L e n d e r, a n a s s i g n m ent of an y ri ghts, cl�ln�s or defenses ,:�_
<br /> �` which Borrower niay have aguii�.st p:uties who supply labar, materixls ur services in connei:tion widi improvements made to the � ..
<br /> "'; Property, _ -
<br /> 16.Transfer oF the Property or a Beneficial Interest in Borrower.If xll or any part of the Property or any inrerest in it _
<br /> ��� is sold or transferred(or if a bene�iciul interest in Borrower is sc�ld or trantiferred and Borrawer is not a nutural person)without `
<br /> Lender's prior written cc�nsent, Ixnder may, at i[s option,require inunediate payment in full of all sums secured by this Deed of H��-
<br /> Trust. How�ver,this option shall not be exercised by Lender if exercise is prohibited by fedetal law as of the date of this Deed �:_�
<br /> = of Trust. --
<br /> If Lender exercises this��ption, l.ender shall give Borruwer notice of xcceleration.Th� notice shall provide a period of not Y
<br /> less d�sui 30 day+fram the date the notice is delivered or mailed widiin which Borruwer must pay all sums,ecured by diis Deed _
<br /> of'frust. If Borrower fails tu pay these sums priur ro die expiration of this period, L.ender may invoke any remedies pern�itced
<br /> by this Deed of Trusc without funher notice ur demand un Bc�n•ower. •
<br /> NON-UNIFORM COVENANTS. Borrower and Lxnder further covenxnt and agree as follows: � __
<br /> � �`. 17, Acceleratlan; Remedles. Except as provided in paraQraph 16 hereof, upon Sorrower's breach of any covenant t=
<br /> �� or agreement of Borrower in thts Deed of Trust,including Borrower's fallure to pay�by the end of 10 calendar days aftea _
<br /> t�� they are due, any surr� secured by this Deed of Trust, I.ender prtor to acceleration shall Qive nottce to Borrower ns c___
<br /> + prov[ded in paragraph 12 hereaf specifying: (1) the breach; (2) the actlon requhed to cure such breach; (3) a date,not _ _
<br /> `�� less than 20 days from the date the notice Is malled to Barrower, by wh[ch such breach must be cured; and l4) that
<br /> �� failure to cure such breach on or before the dute specitled[n the notir.e may result[n acceleratlon of the sums r,ecured by
<br /> a this Deed of Trust and sale of the Property. The notice shall further Inform Borrower of the rigl►t to relnstate after _
<br /> ' acceleratton and ti�e right to bring a court action to assert the nonexistence of a default or any other defense of Borrower
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<br /> � to acceleratton and sale. If the breach Is not cured on or before the date specit7ed in the notice, Lender, at Lender's F'�:�—
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<br /> option,may declare all of the sums secured by this Deed of Trust ta be immediatel�cable law.Lenden c�ll�be enNt d
<br /> demund and may Mvoke the power of sale and any other remedtes permitted by app' �:�:t�--°�--�-
<br /> to collect all reasonable costs and expenses Incurred in pursufng the remedits provtded in thls paragraph 17,includtng, ,�=`=�-
<br /> `•` but not limited to,reasonable attorneys'fees.
<br /> If the power oF sale is invoked,Trustee shall record a notice of default in r..ach county in which the Property or some ��:;;'
<br /> part thereof is located and shall mail copies of such nottce in the manner prescribed by epplicable Iaw to Borrower and to ='z• �-�'�':
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<br /> the other persor�s prescribed by applfcable law. After the lapse of such time as may be required by applicable lstw, , �
<br /> Trustee shall �ive publtc notice of snle to the persons and in the manner prescribed by applicxble law. Trustee, without .'�?��; ,
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<br /> demand on Borrower,shall sell the Property at public auction to the highest bidder at the tlme and place and under the ; ,.;
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<br /> terms d�ignated in the nottce of sale�n one or more parcels and [n such order as Trustee may determine. Trustee may I Y` X;:' `
<br /> postpone sale of all or any parcel of the Property by public announcement at the time and place of nny previously . ,
<br /> scheduled sale.Lender or Lender's designee may purchase the Property at any sale.
<br /> _ Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the —
<br /> ; Property sold.The recitals in the Trustee's deed shall be pclma facie evidence of the truth of the stAtements made therein.
<br /> Trustee shall epply the proceeds of the sale fn the following order: (a) to all reusonable costs and expens�o of he gross
<br /> Iincludin�,but not limited to,Trustee's Fees actually incurred of not more than
<br /> � sale price,reasonable attorneys' fees and costs of title evtdence;(b)to all sums secured by this Deed of Trust;nnd(c) the
<br /> excess,[f any,to the person or persons legally entitled thereto.
<br /> �o o..............+� vs.,ti� e., uP�n�ra�P. N���wichxtandins� Lender's xcceleratiem c�f the sums secured by this DeeJ uf'frust,
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<br /> � due tu Be�rruwer's hreacl�, Durrc�wer shxll hxve the right tu liave xny proceeJiugs hegun hy Lender tu enti�rce tl�is ueea oi i rus� I
<br /> -- � discoutinued at any timr priur ti� the exrlier tu uccur of(i)the tifth dxy hefore the sale ut' the Property pursuxnt to the p��wer af �
<br /> � sale cu�►txineJ in tl�is b�ed uF Trust e�r(ii) eutry uf x juJgment enfi�rcing this Deed uf Trust it`. (a) Burruwer pxys Lendrr xll i
<br /> ,ums whicli wuuld he thrn due undrr tliis Derd uf'Trust �nJ the Nene hxd nu x�:celeratiun uccurred; (h) Borcuwer cures all ,
<br /> � hrea�hes uF xny utlier cu��enxn[s ur agreemcnn uf[�urruµ•cr contaiue� in this QeeJ ut'Trust: (c) Burruwer pays all reasonahle i
<br /> expensev incurrrd hy Lend�r�nJ Truxte�in entiucing thr cavenants aud xgreemcnts uf Bnrri�wer cum�iine�in tl�is Deed uf Trust
<br /> _ � Form 3828 I
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