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<br /> ' 11. Successors and Assi� Boundi Jofnt and Sevcral Liability; Co•�l�ners. The covenar►ts aud agreements heretn
<br /> contxined sball bind, und the rl6hts hereunder shull inur� to, the respectiv� successors and assign� of Lei�der and Borrower, �-•`'•`�:�:
<br /> i
<br /> subject tn the provlslons of paraBraPh 16 hereaf. All covenunts and aigreements uf Borrower sl�all be jaint nnd several. Any "_
<br /> Honower who co-signs this Deed of Trust,but dces not execute the Note,(a)ix ca-sigaing thls Deed of Trust anly to grant and , .,.�
<br /> �;,:
<br /> convey that Borrower's interest in the Pro�erry to Trusree under the t�rnts of thlr�Deed of Trust,(b) is not persoiwily Ilable on � a•
<br /> tlie Note or under diis Deed of Trust, and(c) agrees chat Lender and Kny odier Bonower hereunder may atgcee to extend, � :�.�..
<br /> modify, forbear, or muke any other accouvnodutions with regard to the tem�s af thih Deed of Trust or the Note,widiout d�at ,;,. .. ,:�
<br /> Bonower's consem��nd w�th�u� relexsing that BoiTOwer ar racxlifying this Deed of Trusc+►s ca chat Bonower's interese in th� ; • ti!':��.�;'�°'_`
<br /> � � Property. .. �" �����"_
<br /> Ny Y� . notice ro -.�::.��.�,----
<br /> 12. Notice. Eacept for any notica required under applicable law to be given in another manner, (a) any
<br /> �--
<br /> � � Bonower provided for in this Deed of Ttust shall bc giveu by delivecing it or by mailing such nodcc by cettified mail •�'.r��4
<br /> addressed ta Bonower at the Property Address or at such other address as Barrower may designate by nodce to Lender as ���!tc�;�i�,
<br /> provlded herein, and(b)anY . �?�
<br /> nodce to I.ender shall be given by certified mail to Lender's addcess stated herein or to such ather "�,_k__�
<br /> address as Lender may designate by nodce to Borrower as provided herein. Aay nodce provlded for in this Deed of Trust sl�all ���_
<br /> � be deemed to have been given to Bonower or Leader when given in the 'lmannee do�D de of Tcust shall be the laws of the �.,;�
<br /> 13. Governing Lawi Severabil[ty. The statc and local laws app �..,�s_
<br /> � jurisdicdon in wWch the Properei visionaoclausef of this Deed of Tn�s olr the1Not coeutl clts with appllceuble law,such c:onfli t .,��f.Y
<br /> , � of Trust. In the event that any p
<br /> sUall not affect other provisions of this Deed of Trust or the Note wluch can be�iven effect withaut the conflicdng provis on, !.'V--
<br /> � and to this end the provisians of tliis Deed of Tnut and the Note are declared �1 ablelawborlimitedhereinein, "c�sts," -�- -
<br /> F "expenses" and"attorneys'Borrower sball�be firaish dea coufonned c py oef the Note and of this Deed of Tru.st at the time of -
<br /> �� � 14.Bonower's Copy. _
<br /> : � ezecudon or after recordadon hereof. -
<br /> � 15.Rehabilltation Loan A�reement.Bonower sliall fulfill all of Bonowec's obligadons under any home rehabilitxdon,
<br /> lmprovement,r�pair,or otber loan agreement wluch Bonower euters into with I.ender.Lender,at Lender's option,may require
<br /> .��1 �{ whicu Tionower may h�ve against parties who supply laborepmaterials or servirxs nscannecdon with imp ovements made to the �
<br /> Property.
<br /> � 16.Trunsfer of the Propeity or a Reneficial Interest in Borrower. If all or any part of the Property or any interest in it
<br /> �` is sold or transfened(or if u beneficial inter�st in Bonower is sold or uansfened cwd Borcower is not a natural person)without
<br /> _.. .
<br /> :_.� Lender's prior written consent,Lender may,at its option,require imuiediate pa}went in full of all sums secured by this Deed of
<br /> ` Trust. However,�his uptiu�i�hatl not be exer�i�:d by LPn�1er if exercise is prohibited by federal law as of the date of this Dee
<br /> of Ttust.
<br /> If Lender exercises this opdon, Lender shall give Bonower nodce of acceleradan.The nodce sha11 provide a period o not
<br /> � less that►30 days from the date the nodce is delivered or mailed within which Bonower must pay all sums secured bY this Deed
<br /> � of Tcust. If Bonower fails ro pay dlese sums prior to the expiradon of this period, Lettder may invoke any remedies petmltted �- �
<br /> � � by this Deed of Trust without fucther notice or demand on Borrower.
<br /> � N'ON-UNIPORM COVENANTS.Borrower and Lender fiuther covenant and agree as follows: �
<br /> 17. Accelerntton; Remedies. Except as provtded in para�rapb 16 hereof, upon Borrower's bra�ch of any coveiwnt
<br /> b the end of 10 calendar dAys after
<br /> or aQreement of Borrower In this Deed of Trust,lncludin�Borrower's failure to pay, y
<br /> they are due� any snms secured by thfs Deed of Tn�st,Lender prior to acceleratlon shall �ive nMtce t(38o���not ---
<br /> �' provided [n peru1�'aph 12 hereof spectfyin�: (1) the breach; (2) the sctfon reqWred to cure such breach; _
<br /> � less than 20 days from the date the notice ts mailed to Borrower, by which such breach must be cured; and (4) that
<br /> �-�� failure to cure such breach on or before the date spec[fied In the notice may result tn arceleratlon of the sums sxured by
<br /> ., � � I this Deed of Tcust and sale of the Property. The noii�ai.iui further inforr.: '.�rroev^-* ef thP right to reinstate after �Y ._T= _
<br /> � j acceleratton and the ri�ht to brtn�a court actlon to assert the nonexistence of a default or any other defeiue of Borrower
<br /> � � I to acceleratton and sale. If the breach 1s not cured on or before the date specitied in the notice� I.ender, at Lender's -_-
<br /> optton, may declare all of the sums secured by thts Deed of Tnut to be immediately due and Paysble without further
<br /> � demand and may tnvoke the power of sale and any other remedies permttted by applicable law. Lender shall be entitled �'"-_, _
<br /> to colloct all reasonable costs and expenses incurred[n pursuing the remedies provlded tn this para8raph 17, tncludinQ, w._
<br />_ . � � � - ------
<br /> but not limited to,reasonable attorneys'fcxs. �;:'•'•-'�"��`'�
<br /> � If the power of sgle is invoked,Trnstee shall record a notice of default In each county M which the ProRerty or some ,� _:
<br /> ; l part thereof is located and shall mail copfes of such nottce in the munner prescribed by applicable law to Bonower and to ,'� - ::�;;;.-
<br /> licable law� "�''�"�
<br /> : 1 the other persons presrxibed iay appltcable law. After the lapse of such time as mey be required by app ,�,_�.
<br /> ''3�:'�I Y'"".,,.�.
<br /> i Trustee shall�ivc pubitc nottce of sule to the persons and in the manner prescribed by appllcable law. ����without .,-.,.t.�.��;_
<br /> I demand on Borrower, shall sell the Property at publ[c auction to the hfghest bldder at the time and place and under the �..:.:s��,::
<br /> . � ter�r�s deslgrated fn the nottce of sale in one or more parcels nnd in such order as Tncstee may determine. Trustee may :; -�='��`'
<br /> ' postpone sale of all or any parcel of the Property by public announcement at the time and place of any prev[ously :� ;�y�;:;:
<br /> � scheduled sale.Lender or Lender's designee mny purchase the Property at any sale. ;, ,
<br /> . , _ Upon receipt of payment of the price bfd, 'I'rustee shall deliver to the purchaser T�rustee's deed conveying the _ ,,
<br /> � Property sold.The recitali�tn�t�of hs'ale ndthe folowi g order� (a a o all reason ble costs and expenSes ofethe sa e,
<br /> � Trustee shall apply the p °dn of the gross
<br /> I including,but not Iim[ted to,Trustee's fces actually incurred af not more than
<br /> � sale price,reasonable ariorneys' fees and costs of title evidence; (b)to all sums secured by thts Dced of Tr�t;and(c)the
<br /> exc�ss,if anv,to the person or persons legall��entitled thereto. �.� �,, _,�,,,,,,,,,�h„ rt,��n�F�t nf Trust_
<br /> . i 18. Borrotiver's Right to Refnstate. Notwithstdtttiing Lender's a��riciai�.:«�. ���.��•��w-�._--, ____- --.. ---_.--
<br /> � due to aonower's breach, Borrower shali liave the riglit to liave:uiy proceedings begun by Letider to enforc;e diis Deed of Tntst �
<br /> discontiuued at any time prior to the exrlier to occur of(i)the fifui dxy befure the sale of the Property pursuant tu dte power of i
<br /> � sale cot►taiueJ iu this Deed of Tnist or(ii) entry of a jud�;ment enfon:iug this Deed of Trust if: (x) Borrower pxys Lender all
<br /> � sums whicl� woulJ be then due under diis Decd e�f Tntst and tlie Ne�te had nu acceleration uccuned; (b) Bonrower cures all i
<br /> bmaclies of any od�er cuvetunts ur agreemeuts of Burrower contxineJ in this Deed of Trust (c) Bonower pays all re:isot�ble
<br /> , expe►ues inc:urred by Lei�der and Trustec iu enti�rcing die cu�•enauts and xgreenients eif Borr��wer contaitied in d�i�Deed uf Tru�t i
<br /> Form 3828 �
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