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<br /> - 10.8ortower Not Released;Fofiearance B�l Lender Not a Waiver.Extension of the Ome for payment or modification 3;`�o' �:
<br /> -� '� ` '`� � `" ot amordzatian of!he sums secured by this Deed of T►ust granted by l.ender to any sua:essor in interest ot Borro�Ner sha[I - �-r::
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<br /> �''� ' � not operate to retease,in any manner.the babitity of the original Borrower and Borrowers suocessors in interest Lender shal! _.. :
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<br /> rtot be required to commence proceedings against such suooessor or refuse to extend time tor payment or othervuise modify �, d�`:�"
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<br />�,�s" ; < ` ' ` amordzation of the sums secured by this Dee�d of Trust by reason of any demand made by the original Borrower and •..�•.�`,, .
<br />-���:: Bortowers suxessors in interest My forbearance by Lender in exerasing arry right or remedy hereunder, or othervuise '� t '" ._•�
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<br />-.�; � �. � �°' aftorded by appticabte taw,shali not be a waiver oi or preduds the e�aercise of any such�ght or remedy. _ ,
<br />._�'• :' :� �;, � 11.Sa�ors�nd Asstgns Bound;Joint and Severai Ua6itity;Co stgrters.The wvenants and agreements her+ein , ; t ���„
<br /> ` � contained shaN bind,and the rights hereurxfer shali is�ure to,the respective suocessors and assigns ot Lender and Borrower, � ,.,
<br /> k` -. •:� <-- � subject to t h e provisions o t par a g r a Q h 1 6 h e r+e o t.A U c a v e n a m s a rn i a g r e e m e n t s o f B o r r a w e r s h a ll be joint and several.M y ->=1 < __`-
<br /> r° � ' �-r Bortower who ao-signs this Deed of Tn�st,but does not execute the Note,(a)is co-signing this Oeed of Trust only to g►ant and � _ �
<br /> :�` ` �`"�:�' convey qrat Borrowe�s ir►terest in the Property to Trustee urtder the terms of lhis Deed of Trust.(b)is not pe�sonally liable on � t�-•'' .
<br /> '` �
<br /> "�z� ''`°' '�; ` `�� the Nate or under tnis Deed of Trust,and(c)agrees t h a t L en der an d arry o t h e r B o r r o w e r h e r e u n d e r m a y a g r e e�o e x t e n d.m o d i i}r. �
<br /> ` forbear,or matce any other accommodations with regard to the tembs of this Oeed ot Trust or the�tote,wiU�out that Borrowers -- - _
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<br /> oonsent and withoui reteasirtg that BoROwer or mod'dying this Deed of Trust as to that Borrowefs interest in the Property. � �_ . ;,`T•.;.u::
<br /> � = 12 Notice.Except for any nofice required under applicable law to be given in another manner. (a) any notice to c� _ :
<br /> .���� Borrower provided for in this Deed of Trust shall be given by delivering it or by maiiing such notice by certitied mail � . ..
<br /> 4. . ;a�: :•.:.:_.
<br /> �.�. <`• � .. addressed to Bortower at the Property Address or at such other address as Bonower may designate by notice to l.ender � : ,,;:
<br /> � a s p r o v i d e d h e r e i n,a n d(b)a n y n o ti c e to Lender shail be gtven b y cerrtifified mait to lenders address stated herein or to � r -.
<br /> .`�$' . •� • . such other address as Lender may designate by notice to Borrower as provided herein.My notice provi�ed tar in this Deed �_ ',..,:
<br /> t` � ' ,�� o f T r u s t s h a i l b e d e e m e d t o h a v e b e e n g i v e n t o B o r ro w e r o r L e n d e r w h e n g i v e n i n t h e m a nner desi gnated herein. ;�'`�_
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<br /> 13.Goveming Law;Saverabfiity.The state and local Iaws applicable to this Deed of Trust shall be the laws of the ,,.��:::�%T"
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<br /> ;:';,.:�, jurisdicUon in which the Property is tocated.The foregoing sentence shail not limit the applicabtiity of Federai law to this ; Y.
<br /> .�` �� � Daed of 7rust.In the evant that any provision or Gause of this Deed of Trust or the Note conflicts with appiicabfe law,such . ,.,._`.�
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<br /> ���?�" ��. con8ict shalf not affect other provisions of this Deed of Trust or the Note which can be given effect without the conflictlng ° �`''` ;:;:�__:`
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<br /> � .� provision,and to this end the rovisions of this Deed of Tn�st and the Note are declared to be severable.As used fierein, �• ,. ...�.
<br /> <•�:?` , ' . °cosis",°expenses°and°atto eys'tees"inctude all sums to the eztent not profiibited by apalicable law or limited herein. ' ` ��.��+i;,'�
<br /> ���-°`� '. ` 14.Borrower's Copy.Borrower shall be tumished a conformed copy of the Note and of this Deed of Trust at the time � ` `�
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<br /> 'T�a• '` o#ezgcution or after recordaUon hereof. r = ; -
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<br /> ;,;� 15. Rehabllitatlon Loan Agreemen�Borrower shatl tutfill aIl of Borrowers obligations under any home rehabil'dabon.
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<br /> ' improvement, repair, or other loan agreement which Borrower enters into with �-ende r.L eRder, at Lenda�s option, may s
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<br /> ,i�. • require Borrower to execute and detiver to Lender,in a form acceptable to Lender,an assignment of arry rights,claims or ' ` a+� }
<br /> ,���� �� �X � defenses which Borrower may have against parties who supply labor, materials ur services in connectian with ,;�,r_
<br /> "'��'� � im rovements made to the Property. � �`� `'"
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<br /> � ���. � �g,��r�property or a Benefldallnterest in Borrawer.If aIl or arry part of the Property or any intereat in it is sotd
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<br /> : ;:t. � � or transtened(or'rf a beneficia�interest in Borrower is sold or VansteRed and Borrower is not a natuta!person)withcwt Lereders
<br /> �°:�;_.? ' � .,'��� ; prior written consent,Lender may,at its opUon,require immediate payment in futl of all sums secured by this Deed M Tn�st. •``'T
<br /> ' "�' � However,this o on shall not be exercised by Lender'rf exercise is prohbited by federal law as oi the date of this Deed of Trus� __ _ �~
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<br /> - �::.,�,. If Lender exercises this opGon,Lender shall give BoROwer notice oi acceleration.Tha noUce shall provide a period of +:�...�.' 1.^��
<br /> �:�:` � not tess than 30 days irom the date the notice is delivered or maited within which Borrower must pay all sums secured by '�; :
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<br /> ��+��+'` � Mis Deed of Trust.If Barrower faits to pay these sums prior to the expiration of th+s period,Lender may invoke any remedies • �..: ,;�
<br />�?'��;����,. �. permitted by this Deed of Trust without further notice or deman�f on Borrower. . .•`�:;=.
<br /> . r,�• . ' NON-UNIFORM COVENANTS.Borrower and Lender turther covenant and agree as tottows: -
<br /> �� '��? � ' 17. Acoeleratton; Remediea Except as provided 1n paragraph 16 hereot, upon BoROwer's breach ot arry . �<.'
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<br /> � covenant or agreemeat ot Borrower in thls Qeed otTn�st,inctuding Borrower's faitu�to pay,by the end ot 1O catenQar �-'
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<br /> �:�:_� . � da�s afterthey are due,arry sums secured by thls Qeed otTrust,Lender prior to acceteratton shall give nottce to
<br /> .°r�'.::�.` � Bomawer as provided ln paragrepb 12 hereot specftying:(1)the breach;(2)the actlon required to cure sudf breach; ,
<br /> ����� (3)a date,not less than 20 days from the date the notice is maited to Borrower,by which st�ch breach must be cured;
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<br /> , . � and(4)that tailure fo cure such breach on or betore the date speciiied in the natice may resutt in acceteratton ot the
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<br /> ; sums secured by thts Deed otTrust and sate of the Proparty.The notice shall turther inform Borrower of the rtgM to �.�
<br /> � }'��;�:�� ' � relnstate after acceleration and the right to bring a court action W assert the nonexistence of a defau[4 or any other :. . . .
<br /> .i'_��� �� i detense o}Borrower to accete►ation and sate.lf the breach is not cured on or bebre tlte date specNied in the notice, , �
<br /> �_`�"�� • � Lender,at LendePs option,may dectare atl oi the sums secured by this Oeed of Trust to be Immediatefy due and �
<br /> '���-�.. ' payabte without further demand and may irnoke the power of sale and any other remedies permitted by applicable
<br /> �• • ; law Lender shall be entitted to coltect all reasonabfe costs and expenses incurred ln pu►sutng the re�nedles provlded
<br /> � ''�,�� � ' • � �. � in this paragraph 17,including.but not qmited to,►easonabfe attomeys'fees. . .
<br /> ' � ' ff the power of sale is imrohed,Trustee shall record a notice of detault In each county in whlch the Property or . .
<br /> ' ;,:�;,�;� � • � some part tliereof is located and shall mall copfes of such notice In the manner prescril�ed by applicabte taw W
<br /> �� I Borrower and to the other petsons prescribed by appllcable law.Aiter the lapse of such time as may he requtred .
<br /> . _ _ j by appUcabte Iaw.Trustoe shall give public notice of sate to the persons and in the manner prescribed by appltcable :
<br /> ! taw.Trustee,without demand on Borrower.shaU sell the Rroperiy at pubttc auctton to the highest bidder at the time
<br /> •:f�;�;:,., � � and place artd under the terms designated in the notice of sale in one or more parcets and in such order asTrustee
<br /> � ' may determine.Trustee may p9stRone sale of all ar a�y parcel of the P�ope►ty by public announcement at the time
<br /> ;�' ��.'.�' � and place of any previously scheduled sale.Lender or Lender's designee may purchase the Proparty at any sate. . . .
<br /> �'� �`• Upon recei of a ment of the prlce bid.Trustee shall deliver to the purchaser Trustee's deed conveying the
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<br /> .;� :: . Properry sold.The recftat�in theTrustea's deed shaU be prima facie evidence ot the truth of the sta4ements made thereln. � .
<br /> Trustee shall apply the proceeds of the sate in the following order:(a)to aU reasonabfe costs and expenses of the sale,
<br /> ���.�'�:� including,but not limited to.7rustee's fees ac4ually incurred o}not more than ______°io of the gross sale price. �
<br /> �`t?.'�._. � . reasonable attornoys'tees and costs of title evidence;(b)to all sums secured by this Deed of Trust:and(c)the . . .
<br /> `�� ,� . excess.i1 any,to thc�E:son or persons legally erttitted thereto. �� � �
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<br /> ,:';.:; ;: � 18. edrr�ws�s t;ight to Reinstate.Notwrthstand�ng Lender's acceleraUOn of the sums secured by th�s Deed of Trust.due �
<br /> to Borrower's breaCh. Borrarrer shall have the nght to have any proceedings begun by Lender to entorCe thrs Deed of Trust ,
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<br /> � � • d�sconhnued at any Ume pnor to the earl�er to occu�of p)the f�Nh day before sale af the Properry pursuant to the power ot sale
<br /> �' Contamed��th�s Deed of Trust or(n)entry of a�udgment enforr�ng th�s Deed of 7rust d�(a)Borrower pays Lender alt sums wh�ch . .
<br /> •nrould be then due under th�s Deed of Trust a�d the Note had no acce�erat�on occurred.(b)Borrower cure�all breaches of any •
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<br /> T�. � othe�cove�ants�r aqreerne�ts of Borro•�ve�c�ntamed�n m�s ueea oi irust.(�1 DVrrtlwv�Nny�c+i��6nSv��c,..n.:Xr.:^���:^�::-'.--� - - . ...
<br /> -� � by Lende�and T�ustee�n�nfOrcmg the covenants and�g�P9ment5 01 BUrrower COnk'��ned m this Deed Of Tru4t. �nd in enforcmg
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