|
. � _
<br /> < r. , ' _ . .
<br /> I '-lyAi-'�M.�''[ � ���__. .._ _ '_ ___.�. _ ....�__a.__�.��--. �-.�..• _ � . . _ .._..`_ • �`�' � .
<br /> . 90. BOftO�`I8T P��I R�1£8&°�;�o�aearanae�y/6.entfa�Not e�'1�atver.Extension of the 6me tar payment or morlifiC��on
<br /> � of amo�tiza�on of tha surns se�urerl by this Oeed of Trust granted by Lertder to any successor in interest of Barrov�er shall
<br /> ' not oparate to Eetease,in any manner,t�e liabifity of the original Borrolrer and Borrowe�s successors in interesi.Lender shatl .
<br /> not ba required to comrstenoe prc�edirtgs against such sua�ssor a�retuse to extend tima for paymerit cr otitenrais�mad�ty � �
<br /> arttortization ot the sums se�ured by this Dsed of Trus4 by reason of any deman� mada by the original @arrovdsr and � �
<br /> Borror�rs suocessors in (nterest.Any firtsaarattce by Lend�r in exerdsing any d�t ar remedy her+eundar, or othenvise �
<br /> afYard�d by applicabte lauv,shal!rtot�e a waiver of or pr�iude the e�cercise o�any such�ight or remedy. fin �� �
<br /> 11.Su�essora attd Assigns B�urtd;.laiM antD Se�rera!Uability;Cas.gr�s.Tha oovenanis and agreements here
<br /> �
<br /> oonialrtrd shaU bsnd,atM the rights hEreunder shatl inure to,the res¢ECiiva suocessors aritl assigns of Lender and Bartovrar, `
<br /> sub;ed to tha provisions ot paragraph 16 h2reof.Ail oovenants artd agre�mer►ts of Borrowar shatl bs�joim and sevaral.My �„�
<br /> - -��� Borro;:er�fio oo-signs this QEed o?Tnrst,but�uss no2 exeatte U�te(�iate,(a)is oo-signing this D2eti of Trust only to grant and �
<br /> comi�yr tP►�t Borrovre�s interes4 in the Pra�erty to Tnisfee under the t�rms of this Qaed of Tnui,(b)is not pe�onaiN Eiab'•e an bj� -
<br /> the No•,e or undsr this Qeed of Tntst,artd(c)agr�es that Lender and any otttsr Barrottisr hereunder may agree to sxtertd,ntodity, eeJ
<br /> fort3�or make arry other acoommadations vritt+regatd to the terms of this Q2ed of Trusi or the I�ote,vMithout that Borroeiers �� :;+-.
<br /> cansent and v+rithout reiessing t9�at�orrovrer or rteodif�ring 9his Oeed of Trust as ta that Barra�refs interest in tha Properry. �„_s-'
<br /> � � � � !2.�Et+!€!�. Ex�pt�`or a�y rtatice required under applicabla !aw to be given in another manner.(a)any�otice to --�_ -.
<br /> Borroerer pr�vided for in this Deed of Trust shatl be given by defivering it or by rttailing such notice by ce�i�isd rnaif �`��� ;'
<br /> � _
<br /> , addr�..�cd to 8orrawer at the Pro�erty Address or at such o�iter address as Barrower rtiay designate by notice t�a Lender �����
<br /> 2s p:�svidEd herein,and(b)any notice to l..ertder shalt be given by cerEified mail to Lertde�s address statesi herein or to
<br />' ���atfiar address as Lender may designate by rto�r.e to Borrawer as provided harein.Arty no4ice�Srcvided for in this Oead �:�'��-
<br /> cg Tnt�t�all is8 deemed to i�ave�een given to Borrovrer or Lender tivhen given in the manner designated herein. :'�:'���'-
<br /> 1�_�vemfng Law;Ssvera�ilbty.The state and tocal taws applirrattrte to this Qssa�of Trusi shail be the 1a�.�srs of the -,y.'_
<br /> ;. •�:.�
<br /> juris�.�c!ir5r.in which the Pmperty is located.The foregoing sentertce sFeall not limii the appiir,abiiit�+sf Federal ta�+to tt�is ;�-'-•,�.-
<br /> �eeti o#Trust.In the event that any prov[sion or c!ause of this Deed of Te�u�t or the tVote conflic[s�n�t appf'�:a E�w,sut� ,:,�;__`
<br /> cmr�f'�c�'�a11�ot affect other provisions of this Qe2sl o#Trust or the Note�.i�ich can be given effect withaut the�s+flicting , �
<br /> � prov.ry.crs.and to this end the proufsians of this Qeed of 7rust and the Note are declared to b�sev�rab►e-As�herein. �s''k`�`�
<br /> � � � °ogsr�,"`�penses"and°attorneys'fee�incfude ai!surr�s tQ t�o extent not prohibited ti;�a.ppficabie!aw or Iimii�@ trarein. � -";='
<br /> E ... ;
<br /> � 1��.6a�weYs Copy.Borrorrer shaU be tumishea a�nrmed oossy of the Not�ar��of this Deed of Trust at the time t:_�f
<br /> of ex�cuUon or after recordation hereof. � `��
<br /> � 15.Rehabititation I.o�n Agr2eaeent Bacca�.�rer shall tutfiti all of Borrower s obliga�ons urtder any home rehabilita�an, ti`z�?i<
<br /> - " impruvc-�?�er�t, repair,er other laan agreEment vYhich Borrower enters into�v i t h L en der.L en der, a 4 L en de�s o p t t o n,m a y ��s��
<br /> ��.
<br /> reqL`r�8orrower to execute artd d�f iver to Lender,in a form acceptable to Lender,arr assignment of any rights,clalms ot =_�
<br /> detersc-� wl�Ich 8orroiver may F��ve against parties who suppty labor, materi�ts or servir.es in connection with �-_
<br /> � improv�rnents made to the Property. -
<br /> 1&i,7iaanster of Rroperiy or a Benaf�cial L-dn.ra.st in Bo�rcn�rer.If ail ar arry part of the Propert5r ar any interest in it is sald
<br /> or V2r:st��'sd(or'rf a beneficial intere�.*in Borrawrer is soid or transferred and BoRawer i�r��a natural person)witliout Lenders
<br /> •`:; p*ic�vnitir:i�oonsent,Lertder ma};:�.�1�option, requtre imtr:.�;�te payment in tull of a;�:�rs secured by this O�.�d of Trust _-_:.
<br /> ,���i::.� " r: �: n �' ^.
<br /> •,,,,� ,, Mc�h�n�:Ii.s option shaq noi be�._r�as_d by Lender'rf���s=�,Arohibit�d by faderai la:a zs of the daie of this Qc�Q afTrusk
<br /> � ; �f'�:der exeraises thi9 eption;Lender sh2:i give @arratver notice mf axeteration.The notice shall provi�e�aeriod at
<br /> not lors than 30 days frQm the date the notice is cfet"ivered or mail�d wi4hin which B�rrowar must Ray all sums secured by
<br /> this Deed ot Tius�t.If BaRO�ver 4ails to pay these sums prior to the expirafion of thfis pariod,Lender may invoke any remedias
<br /> pamn�it�d by this Dasd of Trust eaithout further notice or demand on Borrower.
<br /> NC�J-UNIFORM COVENAM'�.Borravrer and Lender further covenant and agree as fotlaws: _
<br /> 1a.Acceleratlon; Remedies. Except as provided In paragraph /6 hereot, upon Borr�wer's breach ot a� _
<br /> � ca�r�n�nt or agreement of Bornawer im thls DEed ofTrusP,inctuding B�trower's fafiure to pay,by the end of t0 a:aS�sndar =
<br /> day�aP�sr thEy are due,arry sums secured by thls Dced o!TY�ust,Lender prlor to at�eieratlon shail gfira nottce to _
<br /> Bornr�roer szs pr�nvided tn paragraph 12 hereot spe�ifying:�1)the breach;(2)the action required to cure sucEn bneach; _
<br /> (S)o d.s7trs„not less than 20 d�i^�trtnt�the date the rtot��i��r�ai�ed to Bomower�by whtch sach brieach rtdufii:I��eut�ed; �
<br /> � and Q�i)titat tafdure to cure s�ldr��n�ch on or betor�e the Qi.�spectfied tn the rtoSce may resuft In aceele��of tho =-
<br /> � � snmE secured by this�at�P�u.:.'t and sat�dt�e Properiy.7'he notice shail turther ir�torm�orrcw�r of the dght to --
<br /> y re�n�te ai4er acceleratton 2�zd fi�9 right t�ts�ing a court acNon 4o asser2 i�7e ao�axi aar.���m cS��l:.u:!vr�y�thQt =
<br /> .j d�i��e of�orrowEr to acc�lw�slicsn and sale.It tF►e dreach ts rtei cured on or beta�t,he da�:+aecifted tn tho notico, _
<br /> L,rP���r,at Lender's eption,rtz�r,cf�2clare alE of the sums secursd Qay thts De�t9 aQ'Ti�st to be immediatnly t9ue and _
<br /> � p,•.y�without f��ther demartQ,and may imroke the power of s9�3 and any other�Emedtes permitted by appticable „=e=�
<br /> l�rr.Lender shall�s�rtitled to�ollect adl reasonable costs end�xpeer�irtcurred in pursutng S�e remedies pravidod E,�,-°
<br /> dn°�h'�paragraple tT,I.r.ciading,l�ut rto3 Umlted to.reasonabie a4tor��,r�4�s. ``�-
<br /> It the power o4 saie ia 1mraSoed,TrusEee sha0 recor�a rtot�ce of�tas�lt in esch county in which the Preperty or �;�:�.;
<br /> s�rr►��rar�f.thereaf is located rtm�P shall mall coples af�rtat,ice [n tho maanar prescriioed by ap�Licut�ae!aw to �''�-
<br /> Bo�ro�K�rr�.nd to the other�xt�s�3 pr�escribed by appli�bie!aw After the IaRur:��?such time as ma•,�ITCr requtred *
<br /> by a�p;:rabls law,Tr►:stao atea:l civs public rsotice of sale to the persons and in tl�e manner��actibed by applkable :�F
<br /> �._.,
<br /> tzsri Trusiee.withaul.�So�and o�n BorroKSr,ts�tta;l sell tho Property eZ R��13�aucIIisn to the hI�tast bidder at tho tlmo =
<br /> an9 ptace artd under the tenta ein:lgnated 6rr 1�te rtotice of eale in ane or ma��t.�'��al�and'an auch arder as Trustae ,
<br /> .S�:;:
<br /> i enry deiomtlrto.Tria3teo taiay�aaas�ona sale of all or anJl!¢ar�ccai of the Rropert�+(sy�rablla anatounoement ui tho time .,;.,�
<br /> and pi3ce of any previouuty uctrtadulad sale.Lender ar 6ender's destgnee may�ua�hnse tho Property at arry sate.
<br /> I Upon reccigt of Raymant of tho prico bld,Trusiee shall delhrer 4�the purefiaserTrusiee's de�convayins th�
<br /> � Properiy sotd.The eecitals fn theYraesiee's deed shail be prima tacie evedencn of the Uuth ot Uio�tcmair�ia marto thEnetn.
<br /> � 7�usiee shap app9y the prac�eed�af tha saie[n ttte totiawirtg order.(a)to atl reas�nablo co.,�LS and expcnses o!ths sa1e,
<br /> ind�ding,but noi iimited tm,Tne�tee s tees actualty incurred of not more than %ot the grasis salo p�ice,
<br /> �easonabte at4orneys'fees an0 costs 6?titto evtdence;(b)to aQ sums secured by thfs�d of Trust;and(c)tdte
<br /> ' oxces�,if any.to 4he peraon ot persans tegaJty entlttetf 4hereto.
<br /> � • 18.Borrawer'a RigM to Reinstate.tVotvrithstandirsg Lenders aooeleratian a4 tP►e sums ser.urer!by this Qesd oi Trust,d�e '
<br /> ! to Borrovrers breach,Borra�arer sttall have the right to have any proceedings begun by Lender to enforoe this Oeed ot Trust
<br /> ' � � disoontinued at arry tirne priaT to the eadier to oa�ur o9(i)the�ifth day before sate of the Properiy pursu�nt to the p�war of sale
<br /> ' contained in thfis OQed of Trust ar(ii)entry of a judgment�sntorcirtg this Deed of Trust iF.(a)Borrovler pays Lender all&ums vfiich
<br /> • wau:d be then due unrler this Deed ot Trost and the Note had Ro aoceleration oocurred;(b)�orra��►er cures all breaches of any
<br /> othar coven3nts or agreaments of�orrav�ar oont�ins�in this D2Ed af TrusY;(c)�artayret pays afl reasonab`a e�Ensss incumed
<br />_ _ , �1 a�,�»t anrl Tnrste�f,n entarcing the oovenants and acireemants a9 Borra•rrar oontairsed in this desd ot TrusL and in enforcing f _
<br /> . �GE 3
<br /> 1 !
<br /> ��; . - '-- � - -- -- - - .
<br />
|