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<br /> 11. Successors and Assigns Bound;Joint and Several Liability; Co-signers. The covenants and agreements
<br /> herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and
<br /> Borrower, subject to the provisions of paragraph 16 hereof. All covenants and agreements of Borrower shall be joint and
<br /> several. Any Bonower who co-signs this Deed of Trust,but does not execute the Note, (a) is co-signing this Deed of Trust
<br /> only to grant and convey that Borrower's interest in the Property to Trustee under the terms of this Deed of Trust, (b) is not
<br /> personally liable on the Note or under this Deed of Trust,and(c)agrees that Lender and any other Borrower hereunder may
<br /> agree to extend, modify, forbear, or make any other accommodations with regard to the terms of this Deed of Trust or the
<br /> Note, without that Borrowers consent and without releasing that Borrower or modifying this Deed of Trust as to that
<br /> Borrowers interest in the Property.
<br /> 12. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br /> Borrower provided for in this Deed of Trust shall be given by delivering it or by mailing such notice by certified mail
<br /> addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender as
<br /> provided herein, and (b) any notice to Lender shall be given by certified mail to Lender's address stated herein or to such
<br /> other address as Lender may designate by notice to Bonower as provided herein. Any notice provided in this Deed of Trust
<br /> shall be deemed to have been given to Bonower or Lender when given in the manner designated herein.
<br /> 13. Goveming Law; Severability. The state and local laws applicable to this Deed of Trust shall be the laws of
<br /> the jurisdiction in which the Property is located. The foregoing sentence shall not limit the applicability of Federal law to
<br /> this Deed of Trust. In the event that any provision or clause of this Deed of Trust or the Note conflicts with applicable law,
<br /> such conflict shall not affect other provisions of this Deed of Trust or the Note which can be given effect without the
<br /> conflicting provision,and to this end the provisions of this Deed of Trust and the Note are declared to be severable. As used
<br /> herein, "costs", "expenses" and "attorneys' fees" include all sums to the extent not prohibited by applicable law or limited
<br /> herein.
<br /> 14. Borrower's Copy. Borrower shall be fiirnished a conformed copy of the Note and of this Deed of Trust at the
<br /> time of execution or after recordation hereof.
<br /> 15. Rehabilitation Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home
<br /> rehabilitation, improvement, repair, or other loan agreement which Borrower enters into with Lender. Lender, at Lender's
<br /> option, may require Bonower to execute and deliver to Lender,in a form acceptable to Lender, an assignment of any rights,
<br /> claims or defenses which Bonower may have against parties who supply labor, materials or services in connection with
<br /> improvements made to the Property.
<br /> 16. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br /> interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transfened and Borrower is not a natural
<br /> person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums
<br /> secured by this Deed of Trust. However, this option shall not be exercised by Lender if exercise is prohibited by federal law
<br /> as of the date of this Deed of Trust.
<br /> If Lender exercises this option, Lender shall give Bonower notice of acceleration. The notice shall provide a
<br /> period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums
<br /> secured by this Deed of Trust. If Bonower fails to pay these sums prior to the expiration of this period, Lender may invoke
<br /> any remedies permitted by this Deed of Trust without further notice or demand on Borrower.
<br /> NON-iJNIFORM COVENANTS. Bonower and Lender further covenant and agree as follows:
<br /> 17. Acceleration; Remedies. Eacept as provided in paragraph 16 hereof, upon Borrower's breach of any
<br /> covenant or agreement of Borrower in this Deed of Trust,including Borrower's failure to pay,by the end of ten (10)
<br /> calendar days after the date they are due, any sums secured by this Deed of Trust,Lender prior to acceleration shall
<br /> give notice to Borrower as provided in paragraph 12 hereof specifying: (1)the breach; (2)the action required to cure
<br /> such breach; (3) a date,not less than 30 days from the date the notice is mailed to Borrower, by which such breach
<br /> must be cured; and (4) that failure to cure such breach on or before the date speci�ed in the notice may result in �
<br /> acceleration of the sums secured by this Deed of Trust and sale of the Property. The notice shall further inform
<br /> Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-ezistence
<br /> of a default or any other defense of Borrower to acceleration and sale. If the breach is not cured on or before the
<br /> date specified in the notice,Lender,at Lender's option,may declare all of the sums secured by this Deed of Trust to
<br /> be immediately due and payable without further demand and may invoke the power of sale and any other remedies
<br /> permitted by applicable law. Lender shall be entitled to collect all costs and expenses incurred in pursuing the �
<br /> remedies provided in this paragraph 17 to the egtent permitted by applicable law. �
<br /> If Lender invokes the power of sale, Lender or Trustee shall mail copies of a notice of sale in the manner j
<br /> prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. Trustee shall give ,�
<br /> notice of sale by public advertisement for the time and in the manner prescribed by applicable law. Trustee,without
<br /> demand on Borrower, shall sell the Property at public auction to the highest bidder for cash at the time and place �
<br /> and under the terms designated in the notice of sale in one or more parcels and in such order as Trustee may
<br /> determine. Trustee may postpone sale of all or any parcel of the Property to any later time on the same date by
<br /> public announcement at the time and place of any previously scheduled sale. Lender or Lender's designee may
<br /> purchase the Property at any sale.
<br /> Trustee shall deliver to the purchaser Trustee's deed conveying the Property so sold without any covenant or
<br /> warranty,eapressed or implied. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the
<br /> statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and
<br /> expenses exercising the power of sale and of the sale, including Trustee's fees not exceeding 5% of the outstanding
<br /> principal balance and attorneys'fees and costs of title evidence; (b)to all sums secured by this Deed of Trust; and(c) ;
<br /> to the payment of junior Trust deeds, mortgages or other lienholders, and (d) the eacess, if any, to the person or �
<br /> persons legally entitled thereto. �n
<br /> �(V�,
<br /> Fornt#739 NE (10/961 n.,,,e� ,.o c
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