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<br />11. Successors and Assigns hound, Joint and Several Liability, Co- signers; The covenants
<br />and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective
<br />successors and assigns of Lender and Borrower, subject to the provisions of paragraph 16
<br />hereof, Ail covenants and agreements of Borrower shall be joint end several. Any paragraph who
<br />cosigns this Deed of Trust, but does not execute the Note, (e) 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
<br />this Deed of Trust, (b) is not personally liable on the Note or under this Deed of Trust, and (c)
<br />agrees that Lender and any other Borrower hereunder may agree to extend, modify, forbear, or
<br />make any other accommodations with regard to the terms of this Deed of Trust or the Note,
<br />without that Borrower's consent and without releasing that Borrower or modifying this Deed of
<br />Trust as to that Borrower's interest in the Property.
<br />12, Notice. Except for any notice required under applicable law to be given in another
<br />nrrtr, (a) any notice to Borrower provided for in this Deed of Trust shall be given by delivering
<br />it ar by mailing such notice by First Class mail addressed to Borrower at the Property Address or
<br />such other address as Borrower may designate by notice to Lender as provided herein, and (b)
<br />any notice to Lender shall be given by First Class mail to Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice
<br />provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender
<br />when given in the manner designated herein.
<br />13. Governing Law; Beverability. The state and local laws applicable to this Deed of Trust
<br />shall be the laws of the jurisdiction in which the Property is located. The foregoing sentence shall
<br />not limit the applicability of Federal law to this Deed of Trust. In the event that any provision or
<br />clause of this Deed of Trust or the Note conflicts with applicable law, such conflict shall not
<br />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
<br />declared to be severable. As used herein, "costs ", "expenses" and "attorneys' fees" include all
<br />sums to the extent not prohibited by applicable law or limited herein.
<br />14. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this
<br />Deed of Trust at the time of execution or after recordation hereof.
<br />16. Rehabilitation Loan Agreement, Borrower shall fulfill all of Borrower's obligations under
<br />any home rehabilitation, improvement, repair, or other loan agreement which Borrower enters into
<br />with Lender. Lender, at Lender's option, may require Borrower to execute and deliver to Lender, .
<br />in a form acceptable to Lender, an assignment of any rights, claims or defenses which Borrower
<br />may have against parties who supply labor, materials or services in connection with
<br />improvements made to the Property.
<br />Transfer of Property or a Beneficial interest in Borrower. if all or any part of the Property
<br />or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or
<br />transferred and Borrower is not a natural person) without Lender's prior written consent, Lender
<br />may, at its option, require immediate payment in full of all sums secured by this Deed of Trust.
<br />However, this option shall not be exercised by Lender if exercise is prohibited' `by federal law as of
<br />the date of this Deed of Trust.
<br />If Lender exercises this option, Lender shalt give Borrower native of acceleration. The notice
<br />shall provide a period of not less than 30 days from the date the notice is delivered or mailed
<br />within which Borrower must pay all sums secured by this Deed of Trust. if Borrower fails to pay
<br />these sums prior to the expiration of this period, Lender may invoke any remedies permitted by
<br />this Deed of Trust without further notice or demand on Borrower.
<br />NON- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />17. Acceleration; Remedies. Except as provided in paragraph 16 hereof, upon Borrower's
<br />breach of any covenant or agreement of Borrower in this Deed of Trust, including Borrower's
<br />failure to pay, by the end of 10 calendar days after they are due, any sums secured by this Deed
<br />of Trust, Lender prior to acceleration shall give notice to Borrower as provided in paragraph 12
<br />hereof specifying: (1) the breach; (2) the action requiried to cure such breach; (3) a date, not less
<br />than 30 days from the date the notice is mailed to Borrower, by which such breach must be
<br />cured; and (4) that failure to cure such breach on or before the date specified in the notice may
<br />result in acceleration of the sums secured by this Deed of Trust and sale of the Property, The
<br />notice shall further inform 'Borrower of the right to reinstate after acceleration and the right to
<br />bring a court action to assert the nonexistence of a default or any other defense of Borrower to
<br />acceleration and sale. If the breach is not cured on or before the date specified in the notice,
<br />L ender, at Lender's option, may declare all of the sums secured by this Deed of Trust to be
<br />immediately due and payable without further demand and may invoke the power of sale and any
<br />other remedies permitted by applicable law. Lender shall be entitled to collect all reasonable costs
<br />and expenses incurred In pursuing the remedies provided in this paragraph 17, including, but root
<br />limited to, reasonable attorneys" fees.
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