|
� . .
<br /> ` , , `.r'}�����-
<br /> ' • • r+± }h�- '�tnw.s�M+NUi:..^ . . . . . . '�Y!�'�'T(.^�_"_-_...,.��_._-. .. �rmv.�.
<br /> ..ki
<br />. . ..�� � ,.. �:,� ;� �1�86`7 �y
<br /> ... : ...� �� •. . 3 . . 98+ . 4�
<br /> • � .f1. 5uccei�ore wndAe�iga� Bound;Joint and Sevcr�l Li�bility; Co-aiqners. Thc covcnants and ngrccmcnts —
<br /> �: :'F henin contained shall bind,and the rights hereunder shall inure to,the respcctivc succcssors and assigns of Lcndcr and
<br /> � , Borrowcr,subject to fhc prmisions of paragraph 1G hcrcof. All covcnaats nnd agrccutcnts of Borrowcr sh:►U bc joint nnd
<br /> • � scvcral. Any Horrower whoco-signs this Dccd of Trust,but docs not exccutc tlic Note,(n)is co-sig�►ing this Dccd of Trust
<br /> :..: � ,. only to grant and convcy thal Qorcowcr's intcrest in tlu Properiy to Tn�stcc undcr thc tcrms of tliis Dced of Tn�st,(b�is not
<br /> - personally liable on thc Noteor under this Decd of Trust,and(c)agras that Lcndcr and any othcr 9orrowcn c�rcundcr m�y
<br /> agra to extend,modify,forlxar,or makc any othcr accommodations with regard to thc tcrms of this Dccd of Tn�st or thc �
<br /> ;�,�,�,�� Note, without that Borrowers consent and without rcleasing that Horrower or malifying,this Dced of Trust as to tl�at
<br />� ���� Honowera interest in tlu Properiy.
<br />-%;�
<br />`'�' �� 12. Notice. Fxceptfor any notice required under npplicable law to be pivan in another manner,(a)any notice to
<br /> ` Borrower provided for in this Deed of'I'rust sball bc given by delivering it or by mailing such natice by certified mail
<br /> �` addressed to Bonwwer at tluProperty Address or at such other addcess as Borrower may designate by notice to L.ender as
<br /> y.,_,., �, provided herein,and(b)any noUce to Lender shall be given by certified mail to Lender's address stated herein or to sucl�
<br />` • � other address as Lender may d�signatc by noticc to Borrower as providcd herein. Any nodce provided in this Detd of Trust
<br /> " • shall be damed to have been given to Bonower or Lcnder when given in the manner designated herein.
<br />;..•.:
<br />;•�;i;..:; 13. Governing Law; SeverAbility. The state ard loc�l laws applica6lc to this'Decd of Trust sliall bc thc laws of
<br /> ��_ � :,�; •�� the jurisdicuon in wliich theProperty is located. Tlie foregoing sentence shall aot limit the applicability of Federal law to
<br />' � ' tliis Deed af Tn�st. In thc c�sc=t that any provision or clause of this Deed of Trust or the Note conflicts with applicable law,
<br />' suctt conflict shall not ai�'at other provisions of this Dced of Trust or the N�te which can be given effect without thc
<br />;;"'' � �'� conflicting provision,and to lhis end th�provisions of this Deed of Tmst and the Note arc declared to�be severable. As used
<br /> herein,"wsts", "expenses"and"attorneys'fees" include all sums to the extent not prohibitecl by applicabla law or limited
<br /> ��r,� ;' henin.
<br />�`���'R���'�� � 14. Borrower'e Copy. Borrower shall be furnished a conformed copy of the Note and of this Dced of Trust at the
<br /> '="•' • ; time of execution or after =aardation hereof.
<br />:��� . . .
<br />;,�, „ , ,f.
<br /> N..._ 15. R�habilitation I.onnn Agreemeo� Bonower shall fulfill all of Bonower's obligauons under any home
<br />�:A:r��.,n=.
<br /> =.;t�.'"•'���•y=c.' rehabilitauon,improvement,repair.or othcr loan agreement which Bonower enters into with L,ender. Lender,at Lender's
<br /> -'; , :� -<-- opliv,;,r►�y rcquire Bo:rc�.::o eX�l:1C�1'•i�L��11YPf t4 T xnder;in a form accentable to Lender,an assignment of any righis,
<br />���'+''��`°.,', claims or defenses which Borrower may have against parties�vho supply labor, materials or services in connection with
<br /> T��;�l{y.5;F°•=, improvements made to the Pr�pert,y.
<br />���`�;�,'��:.
<br />_ ����.
<br /> ''��,.�. .: 16. TrAnafer of�he Property or a Beneficial Interest in Barrowe.r. If all or any part o t e roperty or any
<br />��� , � interest in it is sold or transferred(or if a beneficial interest in Bonower is sald or transferrcd and Borrower is not a natural
<br /> ,a� ;• .N,.
<br />_=..�,;�;,,;�;�.•' person)without Lender's prio=written consent, Lcnder may. at its option, rcquire immediate payment in full of ail sums
<br />�8t:=;_,_•,.'',� sec��red by t1►is Deed of Tn�st. However,this option shall not be exercised by I.ender if exercise is prohibited by federal law
<br /> je',�._., 2..
<br /> ;:.;,:`' as of the date of tbis Dced ofTn�st.
<br />�•�.�'�^�', If Lender exercises this option, Lcnder sliall give Borrower notice of acceleration. Thc notice shull'provide a
<br />���f:�;?}'' period of not less than 30 days fr�m the date the notice is d�livered or mailed within which Bonower must pay all sums
<br />�;s;`;���i� sa,vred by this Dad of Tmst. If Eiorrower fails to pay these sums prior to the expiration of this period,Lender may invoke
<br />-"�""�.��'�`_°`;�,''� any remcdies per►nitted by this Deed of Trust without further notice or demand on Boaower.
<br />".`�`�!":a�:�f��
<br />-'�"'""°�""" NON-UMFORM COVENANTS. Bonower and Lcnder further covenant and agrce as follows:
<br /> _.�"_.•.:�:�'<<;
<br />_:�::�..�.� , , 17. Acceleration;Rcmedie�. E:cept A�provided tn pwragr�ph 16 hereot,upon Borro�er'e br�xch o any
<br />�"�"`f`���" � covenAnt or a reement otBorrawer in this Deed of Truet,including Borrower'�failure to pay,by the end of ten(10)
<br /> --�k �... � g
<br /> - c�lendar days after the d�te they are duc,any aums secured by thi�Deed of Tru�t,Lender prior to accclerxtion ahall
<br />��;._`.,�r:•�' give notice to Borrower wprovidcd in paragrAph].2 hereotapecifying:(1)the brcuch;(2)the Action required to cure
<br />����?��?••`• such brcach;(3)A dpte,not les� thon 30 days from the date the notice i�mxiled to Borrower,by Nhich such bre�ch
<br /> .:.•r.,���-� must bc cured; end (4� that tnilurc to cure euch breACh on or before thc dAte apecificd in the notice mAy result in
<br /> —_=••���� xcceleration of the eum��ecured by thia Dced of Trust and a�le ot the Property. 'The noticc shall further inform
<br /> ' � BorroNer of the right to reinstate after accclerxtion and the right to bring n court action to��sert the non-e:ietence
<br /> � of A detault ar any otherd�fense ot Borro�ver to acccleration And eAle. If the brexch i� not cured on or betore thc
<br /> ' date epeci�ed in the notice, Lender,at I.ender's option,may declstre all ot the aum��ecured by this Deed of Truat to
<br />- � be immcdiately due and payable without turther demAnd And m�y invokc the powcr of�alc and wny other rcmed[c�
<br /> � permitted by applicabic IAtiv. Lender yhall 6c entitled to collect all co9t� Knd expenses incurred in pursuing the .
<br />- remcdie�provided in thiaparagraph ]7 to thc extent permlttcd by applicable law. �
<br /> ; �� If Lender invokae the power of sale, Lender or Trustce yhall mail copiea of a notice oi eale in the manner �.
<br /> # preacribcd by applicablclnw to Borrower and to ttie other persons prescribed by appl[cable law, Truetee ehall give =
<br /> i notice ot yale b�public advertisement for the time ahd in the manner prescribed by applicAble IaN. Tneatee,without
<br /> demand on Borrower, yhall sell the Property at public auction to thc highcst bidder for ce�h at thc timc and plACc
<br /> � - � and under the tcrrns da(gnateU In thc noticc of sale tn onc or n�are parccls and in such ordcr a� Trustee may -
<br /> detcrminc. Tru�tec m�y po�tponc sale of all or xny parccl of thc Property to any later time on thc �ame datc by �
<br /> _..�„_ __ ........ d���.a r�..�p n.,d nigce nf anv nreviouslv scheduled �ale. Lender ar Lcndcr's designcc may �
<br /> _ - -_-_--_-- puun� wuuv:::.�........ �...�_.____ ---- •- . . .
<br /> � purchasc thc Property at any�alc. !
<br /> Tru�tcc�hall dclivcr to thc purchascr Tru9tcc'r,dced convcying thc Propenty so sold without any covenant or ,
<br /> warrxnty,c:preesed or impl(ed. T'hc recitals in thc Tru�tec's decd ehall bc prima facic evidencc of the t�vth af thc �
<br /> atatement� madc thcrcia Tru9tee shnll appll�thc procecds of the�alc in tf�c follo�ving o�•dcr: (a) to all costa and I
<br /> expenees e:erci+ing the povver of�ale nnd of the saie,including Tru�tec'y fees not excecding 5°/a of the outstanding �
<br /> � pridcipal balance and s�ttorneys'fecs and costs ot title evidenee;(b)to all sumd secured by this Deed of'Pnist;and(c)
<br /> ' to the payment of junior T►uyt dceds, mortbagcy ur othcr licnholdcrs,and (d) thc exces�, if any, to the peryan or
<br /> . peryons Ic�ally cntiticd the reto.
<br /> �� Page 3 of 5
<br /> Form#739 NE (10/9G) �
<br /> r
<br /> . . _. ..�_
<br /> � _ _. ........ ,
<br />
|