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<br />14. Rehabilitation Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home rehabilitation,
<br />improvement, repair or other loan agreement which Borrower enters into with Lender. Lender, at Lender's option, may
<br />require Borrower to execute and deliver to Lender, in a form acceptable to Lender, an assignment of any rights, claims or
<br />defenses which Borrower may have against parties who supply labor, materials or services in connection with improvements
<br />made to the Property.
<br />15. Transfer of the Property or a Beneficial Interest in Borrower, Assumption. 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 transferred and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at Lender's option, for any reason, declare all the sums secured
<br />by this Deed of Trust to be immediately due and payable. However, this option shall not be exercised by Lender if exercise
<br />is prohibited by Federal law as of the date of this Deed of Trust.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not
<br />less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this
<br />Deed of Trust. If Borrower fails to pay in full these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Deed of Trust without further notice or demand on Borrower.
<br />This Deed of Trust may not be assumed by a purchaser without the Lender's consent. If an assumption is allowed, the Lender
<br />may charge an assumption fee and require the person(s) assuming the loan to pay additional charges as authorized by law.
<br />ARTICLE II
<br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />16. Acceleration; Remedies. Upon Borrower's breach of any covenant or agreement of Borrower in this Deed of
<br />Trust, including without limitation the covenants to pay when due any sums under the Note secured by this Deed of
<br />Trust. Lender, at Lender's option, subject to the following sentence, may declare all of the sums secured by this Deed
<br />of Trust to be immediately due and payable without demand or notice and may invoke the power of sale, and any
<br />other remedies permitted by applicable law. Prior to recording any notice of default Lender shall give Borrower
<br />notice of default as required by law and, in the event of a default consisting only of Borrower's failure to make a
<br />required payment, Borrower shall once, as provided by law, have twenty (20) days after such notice is given to cure
<br />such default by tendering the amount due at the time of the tender, without acceleration, plus any unpaid charges.
<br />After recording a notice of default, Lender shall be entitled to collect in such proceeding all expenses of foreclosure,
<br />including, but not limited to, reasonable attorneys' fees or trustee's and costs of documentary evidence, abstracts and
<br />title reports.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is
<br />located and shall mail copies of such notice in the mariner prescribed by applicable law to Borrower and to the other persons
<br />prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the
<br />persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at
<br />public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more
<br />parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public
<br />announcement at the time and place of any previously scheduled sale. Lender of its designee may purchase the Property at
<br />any sale.
<br />Trustee shall apply the sale proceeds, first, to the costs and expenses of exercising the power of sale and of the sale, including
<br />the payment of the Trustee's fees actually incurred not to exceed fifteen percent (15 %) of the gross sale price, second, to
<br />payment of the obligation secured by this Deed of Trust, third, to the payment of junior trust deeds, mortgages or other
<br />lienholders, and the balance, if any, to the person or persons legally entitled thereto.
<br />17. Assignment of Rents; Appointment of Receiver. As additional security hereunder, Borrower hereby assigns to Lender
<br />the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 16 hereof or abandonment of
<br />the Property, have the right to collect and retain such rents as they become due and payable.
<br />Upon acceleration under paragraph 16 hereof or abandonment of the Property, Lender shall be entitled to have a receiver
<br />appointed by a court to enter upon, take possession of and manage the Property and to collect the rents of the Property
<br />including those past due. All rents collected by the receiver shall be applied first to payment of the costs of management of
<br />the Property and collection of rents, including, but not limited to receiver's fees, premiums on receiver's bonds and reasonable
<br />attorneys' fees, and then to the sums secured by this Deed of Trust. The receiver shall be liable to account only for those
<br />rents actually received.
<br />18. Loan Charges. If the loan secured by this Deed of Trust is subject to a law which sets maximum loan charges, and that
<br />law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan
<br />exceed permitted limits, then: (1) any such loan charges shall be reduced by the amount necessary to reduce the charge to the
<br />permitted limit; and (2) any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br />Borrower.
<br />230792 (Rev 07) / qio
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<br />(01/97) NE FR/ARM/PEL Deed
<br />173 88811/1281
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