|
����, . ' ,
<br /> °s'"� �� . • . `'" % �'!'r"'
<br /> ��N- • _
<br /> --�--s---�--�----.... _. . .... .---------��---.. .. . -- -- --- -----._._. �......_ .,._�..._. � .�� ���
<br /> u -. '
<br /> ----_. . . „ � . ,.,,,,. --. - ---— --..�- -,.-.:..;'-;;,���� _
<br /> . . �;
<br /> , . � .. ;.+ �,.:�_:�,�:,
<br /> ..... . . . ._.... -' I1..51
<br /> - . I , � � ... , �.'a'`.T._
<br /> ..�_._—�
<br /> �-�y-.n�=..
<br /> i � • �?r-:tsa�se� �:.�:-#..�.
<br /> .. .1 � '.M1M���uo�_�
<br /> 11. Successors and Assiga5 Bound; Joint �nd Several I.leb{Utyt Co•siQners. 1'lie ccwenunts and agreement� hereln �,_�:-p:_:i
<br /> containrd shxll hind, and die rights I�ereunJer s4all inure tu, the rospectivc succrssurs and as�igns c�f lxnder xnd Be�rrower,
<br /> �.,�.,.r.,,
<br /> subject ro tl�e ptovisions of paragraph 16 I�ereuf. All cuven.�nts aud ubn:emeuts uf Burruwrr shxll be join�and several. Any ,_
<br /> Bocrawer whu c��-sigt�ti this DeeJ uf Trust, but dues nut execute tlie Notc, (n) iz cu-signing this Ueed of Ttvst cnily to grant unJ `L,��
<br /> � convey that B��rrower's in�rrest in the Pruperty w Truster under tlu:temis uf chix Qced ut'Trust, (b) iti not personally liable on
<br /> • I d�e Note or under ti►is DCC(I of Trusc, and (c) agrces that Leiider �mJ uny utl�cr Qurruwer hereunder may agre� to extend, E ., M�`�y�.
<br /> mc�dify, ti�rhear, ��r make a�ry adier Hea�mm�xlxciun,with regard tu tlie tenus uf d►ix Qeed��f Trus[ or che Nute, withuuc [hat M :..:...li;•;�..-
<br /> I � , ... J .
<br /> � Burri�wer's cunsent and withe�ut reiexsing d�x� Rorrowrr�ir ►nudifyiiip tl►is Urc�! uf 1'rust as to thx[ Borrower's interest iu the " ""---
<br /> I ., . ..,�,
<br /> . ......;.• PfU[k[ly. :_rw,�i'��..•--
<br /> �� �g ! 12. Notiee. Except ti�r any nuticc requireJ under ��pplfcahle lu�v to he given in anodier n�x�er, (a) any notice to �••.��''����Y✓:
<br />� �� Bunower provided fe�r iu this Deed uf Trust sl�all t�e given hy drlivrring it ur by n�ailin� such nc�tice b cenified muil '�:}.�l"'��'�"-
<br /> b y •4��:;i�_
<br /> addressed to Banawer at the Praperty AdJress �ir at such uther uddrrsx ��s purrnwer may desig�u�te by noticr ca lxnder iu $..;. .s,,,^
<br /> � provided heretn,and(b)any nutice t��Ixnder shall t�given hy certitied mail tu L.c:uder'.r•ad�retis suttrcl herein ar to such other „�
<br /> �.:
<br /> � address as Lc:nder may designate by notice to Barrower xs pruvided herein. Any notice provided far in this Deed af Trust shall ;;'��;. 9_ �
<br /> �..z.�-_-
<br /> ' � be deemed to have been given to Bc�rrower ur I.ender whru given i��the mii�mCr dr+igiwred herein. �. ;; ,�,�,_
<br /> 13. Governin� Law; Severabflity. The state sud lix:al It►ws upplicubl� tu d�is Deed of Trust shall be thC laws af the ,;�
<br /> � jurisdiccion in whicli the Prnpeny is laca[ed,The furegoing sentence slutll not liniit the upplieabiliry of fedetal law to this Deed _
<br /> � of Ttust. In the event d�at any provision or clause uf tt►is Dred uf Trust��r dir Nat�conflicts with applicable law, such conflict : ��_�
<br /> � shall nut affect other pravisicn�.ti af this Deed of Trust or thr Ni�te whicl�can he giv�n effrct without the conflicting provision, ;:
<br /> � and to this end tiie provisians of this Deed of Trust and the N��te are declared to he severxble. A+ u�ed I�ereiu, "costs," �
<br /> � "expenses"and"atrorneys' fees" include a11 suius to tS�e extent not pruhihited by itpplicahle law or limited herein. i,i ;�,___.
<br /> � 14.Borrower's Copy. Barrawer shall t�e furnisheJ a conti�rnieA c��py��f the Note and of this Deecl e�f Trvst at the time of .,�
<br /> execution ar xfter recordation hereof.
<br /> i 15.Reha6tlitatton Loan Agreement. Burruwer shxll fulfill aQ��F Burrower's ubligatiuns under any home rehabilitauon,
<br /> � � � `:
<br /> i���provement,rr.pair,or other luan dgreemen�wliich Bc�rrc�wer enters inta witl�Lxnder. I.ender, at Ixnder's option,may reyuire
<br /> �� Borrower to execute�u�d deliver te� ixnder, in a fom� accrpt�ble to Lrnder, xn assi�;nmCnt af Kny rights, claims or defenses `.� _
<br /> wliich Bonower may l�ave agai�Ltit parties who supply labor, materials or services in cuni�ection wich imptovements made to the 6:
<br /> .. � � Property. __-
<br /> 16.Transfer of the Property or a Bene flc ie l In teres t i n B o r r o w e r. I f a l l u r a n y p a rt u f t h e P r o�r t y a r a n y i n t e r e s t i n i t
<br /> ' is sold ar tran�fened(or if a beneficial interest in Born�wer is sold or trx��.yfrrre�unJ Borcuwer is nut a iu+turKl penon)witliout
<br /> Lender's priur written consent, Lender may,at its optiun,rrquire intme dix te pay n u n t in f'ull of all sums secured by dus Deed of
<br /> - = Trust. However,trit�option shail no�hc aaci�j;cif t'�y Lcndcr if cxcrcixe i:gsc�liil�lt:d ry tedel{3! !HW H!i ��f ehe date of this Deed -
<br /> � of Trust.
<br /> • If Lxnder exercises diis opdan.Lxnder shall give Burruwrr nu:icr uf acceleration.The nodce+hull pruvide a perlcxl af nat
<br /> ; less than 30 days from the date the nntice is dellvered��r maileJ widiin which Burn�wer must pay KII tiums�ecured by this Deed �
<br /> r� ot Trust. If Borrower f�ils ro pay chese sums prior ta the expiration of this pert�xl,lxnder may i�rvuke sny remeJieti {�rrmuced
<br /> J; by this Deed of Trust without fureher nutice ur deniand�m Burruwer, -----
<br /> �- NON-UNIFORM COVENANTS. Bonuwer and L.�:nder further coveniun aud agree us fuUi�w,: `�
<br /> y' 17. Acceleration; Remedies. Except as provided In paraQraph 16 hereof, upon Borrower's breach oP any covenant _
<br /> a or agreement of Borrower in this Deed of Trust,includin�Borrower's fAllure fo pAy� by the end oP 10 cAlenclAr dAyd after �
<br /> �'� they are due, any sucn4 secured by this Deed of'!'rust, Lender prior to accelerwtlon shAll �ive notice tfl Borrower ws
<br /> ,;.' provided in paragraph 12 hereof specifyfng: (l) the breach; (2) the actlon required to cure such breaehi (3)A date, not
<br /> less than 20 days from the date the notice Is mafled to Iiorrower� by which such breach n�ust be cureyl; and (4) that
<br /> " failure to cure such breach on or before the date specifled in Ihe notice may result In Accelrratlon oP the sun�s secured by _.
<br /> �T�T � this Deed of Trust and sale oY the �'roperty. The notice shall �u�.he� !n:::m Borrowcr oP the rl�ht tn relnstete after __
<br /> - �` � ' acceleratlon and the right to bring a court action ta assert the nonexistence of w default or aiiy other defe�ue oP Borrower __ .-�-
<br /> � to ncceleratlon and sale. If the breach ts not cured on or before the date specttled In the notice� I.ender� at I.ender's �
<br /> � ���` ' aption, may declare all of the sums secured by this Deed oF Trust to be immediately due and pay+�ble without further ��_�
<br />_ , � demand and may invoke the power of sale nnd any other remedles permitted by npplicuble law. I.ender shall ba entitled ___- -
<br /> ` to collect all reasonable cosks and expenses incurred in pursainQ the remedies provided in this parwQraph 17, lncludina, _�_
<br /> but not limtted to,reasonuble Attorneys'fees.
<br />- . If the power of sale is invoked,Trustee shall record a notice of default in each county fn whtch the f'roperty or some '��� ;���
<br /> _ part thereof is locnted and shall mail coptes of such notice In the manner prescribed by applicable law to Borrow�er end to :F, t�;',;�,��;;•
<br /> the other persons prescribed by npplicable luw. After the lapse oF such time as may be requlred by sppllcable law� �.. 7,q,;..�t-Y.�.
<br /> . � Trustee shall g[ve publtc not[ce of sale to the ersons and in the manner rescribed b a pllcable lww. Trustee�without '�;��. �"•�� ":
<br /> p P Y p �•,.....
<br /> - demand on Borrower,shall sell the Property at publtc aucttun to the highest bidder at the time and pl�ce and under the `�',;-
<br /> - 1 terms desjgnated in the nottce of sale in one or more parcels and in such order as'Pr��stee may dMermine. Trwtee mxy .,
<br /> � postpone sale of all or any parcel of the Property by publte nnnowuement at the tlme and place of Rny previuu.gly
<br /> I scheduled sule.Lender or Lender's designee may purchcise the Property nt uny snle. :.
<br /> � _ Upon receipt of payment oP the price bid, Trustee shull deliver to the purcl�aser Trustee's d��ed con��eytng ttie _
<br /> ; Property sold.The recitals in the Trustee's deed shall be primn facie evfdence of the truth oP the stxtements macle tt�crefn.
<br /> - , Trustee shall Apply the proceeds of the sale in the following order: (a) to �ill reasonublc costs und cxpens�af thc ssilc.
<br /> " including, but not limited to,Trustee's fees nctually incurred of not more than Sb uF the gross
<br /> � sale price, reasonable nttorneys' fees and costs oF tftle ev�:lence; (b)to all sums secured by this D��cd of'I'rust; und (c)the �
<br /> pxrec�.[f anv.to the aerson or persons legally entitled thereto.
<br /> ' � 18. Borrower's Ri�ht to Reinstete. N��twithstanding Lendrr's a�celeratiun ut the sum� srcureii ny �i�i, uccu ui i nni, � - -_�=_
<br />
|