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<br /> 11. Successors snd AsslQns Boundi Joint r�nd Several Liabilityi Co�si�ers. T6e cuvetu�nu+ unJ agreement,v hrrein `''-��-_
<br /> contained shall bind, and the rights hereundet xhall inure tc, the res�ctive successors �nJ assigns ��f Lxnder knsl Dorrower, �--
<br /> i � subjeet to the provistons af paragraph 1G hereaf. All envc�wnts and agreemrnts c�f Bc�rrnwer shall l�e Jolnt a�xl �ve�al. Any �=`° _
<br /> Borrower who co-slgnr•diis Deed af Tcust,hut Jces nc�t�xecut�the Nute, (u)is ca-signing thi,Deed uf Trust only to grunt a�W .��=`��
<br /> � �----
<br /> convey d�at Bonower's interest in the Property a�Trustee undcr the ternis of thiy Deed uf Trust, (b) is nnt pernotu►Ily liahle an .�=.:L.„':;
<br /> i the Nate ar u�xler this Deed of Trust, anJ (c) agtres that I.eudcr and x�� odier Bc�rruwer I�creunder ma a�rre tc� extctxi, �F°
<br /> i x�y Y U •i�:-=
<br /> madify, forbear, ar make any adier accammaJutionti wlth regard to the eemis af this Dred of Trust or dir Note, withnut d�at �� -':�'•-
<br /> , � Borrower's cui�.ycnt aud witl�uut reluuing dtat B��rrower ur iuudifyinb this Ared nf Trust as to that Hono�ver's itnerest in tlic -
<br /> :: .� Property. „'r`':�;'°;-
<br /> „ -.�-y 12. Notice. Except for any natice reyuired under applicuble law to be biven i�►another munner, (a) any notice tu � �'�'�s
<br /> � •'" Borrower rovided for in this Deed af Trust shull he �iven b deliverin� it or b mailin such naticr by cenified mail � ��f���
<br /> P b Y b Y S <.�.x;f
<br /> addresseci to B�rrower at the Praperty Address or at such other address as Bonower may d�signute by notice to Lxnder us '., k� .
<br /> pravided hereln,and(b)any notice ta Lender shall be given by certifie:i mail to Leader'�address stateci hrrein or ta such o�her �t�:
<br /> . address as Lender may dt�signute by notice to Borrower a4 pravided herein. Any notic:e provIded for In this Deed of Ttust shall ��
<br /> .�: ='
<br /> • be deemed to have beeu glven to Bonower or Lender when given in the muru�er destgnated herein.
<br /> 13. Govunin� l.aw; Severnbility. The st�te snd lacal laws applicable to this Deed of Trust shall be d�e laws of the
<br /> �� jurisdiction in which the Prop�rty is locatr,cl. The foregoins sentence shall not limlt the applicability of federal law to this Deed .,.
<br /> ; of Trust. la the event that aay provision or clause af this Deed of Trust or the Note conflicts with eppltcable law, such conflict '�
<br /> � shall not affect other provisions of this Deed of Tnut or the Nate which can be givca effect without the conflicting provision, �`�
<br /> - . � uad to this end the provisions af this Deed of Tn�st and the Note are declured to t�e severable. As used herein, "costs," _
<br /> `, � "eapenses" and"attorneys'fees" ipclude all sums to d�e extent not prahibited by applicabla law or llmitecl herein. =�;
<br /> 14.Borrower's Copy.Bonower shall be furnished a conformed copy of the Nute and of this Deed of Trust at the time of `"r
<br /> execution or after r�cordatIon hereof. ��.
<br /> 15. Rehabil(tatlon Loan A�reement. Borrower shall fulfill all of Bonower's obligations under any home rehabil[tatlon, ��_
<br /> '� � improvement�repair, ar ather loun agreeraent which Bonower enters iuto with Lender. L.e►uler,at Lender's option,may requtre
<br /> � Borrower to execute aud dellver to I.ender, in a form acceptable to Lencler, an asslgnmeat of any rights, claims or defenses
<br /> which Aoaower may liave agaiust pxnies who supply labor, materials or services in c�nnection with improven�ents made to the
<br /> Property.
<br /> � 16.Transfer of the Property or a Beneflctul Interest in Borrower.If all or any part of the Property or any interest in it
<br /> is sold or traasferred(ar if a beneficial interest in�orrower is sold or transferred and Bonower is not a natural person)without
<br /> • Lender's prior written cansent, i.endsr may,at its optian,require im�uediate payment in full of all sums secured by this Deed of
<br /> p Ttvst. However,this option shall not be exercised by Lender if exerctse is prohibited by federal law us ot the date of tWs ueed
<br /> �. af Trust.
<br /> �• If Lender exerci�es this option, Lender sh�ll give B�rrower natice of acceleration. The nodce shall provide a perlocl of aot
<br /> less than 30 duys from the date the natice is delivered or mailed within wluch Bonower must pay all sums securecl by this Deed
<br /> �� of Trust. If Borrower fails to pay th:se sun�s prior ro the expiration of this period,Lender may Iuvoke any remedtes petmitted _
<br /> � by this Deed of Trust without further notIce or demaad oa Borrower.
<br /> NON-UNIFORM COVBNANTS. Borrower and Lender further covenant and ngree as follows:
<br /> � �•' 17. Acceleratton;Remedies. Except as provided in paraQraph 16 hereof, upon Borrower's brestet�of any covaumt
<br /> "" ' or ayreement of Borrower tn thts Deed of Trust,inr.ludiny Barrower's failure to pay,by the end of 10 calendar days atta
<br />- �;, they are due�any sums secured by thfs peed of Tnut, I.ender prior to acceleration shall �Ive notice to Borrower a9
<br /> � provided in parayruph 12 hereof specifying: (1)the breach; (2) th�adfon requleed to cure such breach; (3)a date, not
<br /> ��� Irss than 20 dAys from the date the notice is mailed to Borrower, by whtch such breach m�ut be cured; �►nd (4) tlu►t
<br /> � failure to cure such breach on or bet'ore the date specifled in the notfce mAy result in acceleratton oP the surns sxured by
<br /> � this ueed oi' '1'rust and sale of the Property. 'fhe notice shalt further tnform t3orrower of the riQht to rdnstate atter _ —
<br /> acceleratlon and the right to brin�a court action to assect the nonexistence of a default or nny other defa�se of Borrower
<br /> to acceleratlon end sale. If the breach is not cured on or before the date specitled In the �x►tice, Lender, At Lender's
<br />- �� opUon� may declare all of the sumg secured by this Deed of Trust to be immedtately due and payable wtthout further � _
<br /> ` demand and may invoke the power of sale and any other remedies permitted by a�pUcable law. Lender shall be entitled �
<br /> " q to coilect all reasonable costs and e.rpenses incurred [n pursuin�the remedies provided In this paragruph 17,Includin�, ;-
<br /> ` but not fimlted to,reasonable attorneys'fees. _
<br /> ' � If the power of sale Is Invoked,Trustee shall record a nottce of default In each county in wh[ch the Property or some --
<br /> pai�t thereof is locuted and shall mafl cop[es of such nottce in the manner prescribed by applicable law to Borrower and to
<br /> ° the other persons prescribed by applicable law. After the iapse of such time as may be required by applicabie law, ..E-��;�_
<br /> ` 'Trustee shall give pubUc notice of sale to the persons and in the manner prescribed by applicable law. Trustee� �vithout `'�=°_
<br /> demand on Bonower,shall sell the Property at publlc auction to the hi�hat bldder at fhe time and place and under the ;:.�:`�=
<br /> terms designated in the notice of sale tn one or more parcels and M such order as Trustee may determMe. Trustee may ����•�;�
<br /> postpone sale of all or any parcel of the Property by public announcement at the tlme and place of any prev[ously
<br /> scheduled sule.Lender or Ixnder's designee may purchase the Property at ar+y 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 rec[tals in the Trustee's deed shall be�rima facie evidence of the truth of the statements mude therein.
<br /> Trustee shAll apply the proceeds of the sale in the following order: (a) to all reasonable costs and expeitses of the sale,
<br /> including,but not limited to,Trustee's fees actually incurred of not more than °k of the Qross
<br /> sale price,reasonable attorneys' fees and costs of title evfdence;(b) to all sums secured by th[s Deed of Trust;and(c)the
<br /> eYC�!cc.{f anv_tn thP nrrcnn nr narcnnc lavallv rntitlad fhpratn.
<br /> 1 18. Borrnwer's�Right to Reir�tate. Notwitl►standing Lender's acceteratiun of the sunis secured by this Deed of Trust, (
<br /> � due to Borrower's hreacli, Borrower shall liavc die ribht tu have any prc�ceedings begun by Lender to enforce diis Deed of Trust
<br /> ' � discontinued at any time priur ro the exrlier to occur uf(i)d�e fifth dxy hefore the sxle af the Property pursuant to die power of �
<br /> i sxle amtained in d�is Deed of Trust or(ii) entry of a judgmei�t enforcing this Deed of Trust iF. (a) Borrower pays Lender all
<br /> suins which would be then due under this D�ed of Trust aud tlic Nc�te had no acceleratian occuned; (b) Borcower cures all �
<br /> ' hre:tches uf any utl�er ccivet�nts cir agreements i�t'Borruwer cuut:�iueJ in tliis Deed of Trost; (c) Burrower pxys xll reasutuble
<br /> expetues inc;urreJ hy LenJer and Truster in euti�rcing d�e covenants and xgreements of Burrower ce�ntxined in this Deed uf Trust
<br /> ! Form 3628
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<br /> _, P�ge 7 ai a �
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