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<br /> " ` 14. IIt�hubilltgtlon E.oan Agrc�e�xas��. Borrower shaU fiflfill aU of Barto�ver's obiigations uaaier aay home
<br /> �. . rehabilitruion, inopmvemeat, repair or otiter loan ag�ment which Borrower enters into with Lender. Leuder, at
<br /> � Leader'e opdan.ffiy require Borrower to execute aad deliver to Lendar,in a foim acceptable co Lender,an a�signment
<br /> :. of any rights,claims or defenses�yhich @orrower cnaY have against parties who supply labor,materials or servioes in
<br /> � conaecrion wiW improvemEau m?de to the Property.
<br /> � _�_.._-- is. Tra�sPer oP t�e Ftope�y or a�ea�cial Interzit in Barro�7er,�piFon. If all or any part of the Property ...
<br /> .. •°�' or any interest in it is sold or�ansferne�!(or if a beaeficial iaterest in Borrower Ls sold or transferted ar�d Eorrower is
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<br /> not a natural person)without I.ender's prior written consent.Lender may,at Lender's optioa,fos any reason.declare � _
<br /> - ,..� ati�e sums secured by tlus Dced of Tn�st to be immediatety due aud paysb#e. Ha�reeer, this ogtian sttall noi be �'`
<br /> exercised by Leader if exercise is proln'bited by Federal law as of the date of this Dee�i of Tmst. -
<br /> If l,eader exErcises this opuon,Leader shall give Borrower notice of acceleratioa 'Ihe norice shall�mvide a period _
<br /> � � of not less than 30 days fmm the date the aoace is delivered or mailed withiu wlnch Borrower must pay all snms secured
<br /> � � ` by this Deed of Tnist. If 8ormwer fails to pay in full these sums prior to the expiiarion of this period,I.eudec may _
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<br /> ' �� invoke any remedies pe�.:ted by chis Ueed of Trust without funher notice or demaad on Borrower. -
<br /> • � 'Ihis Deed of Tnist may aot be ass��raraed by a purchaser without the L,ender's consent. If an assumption is allowed,the
<br /> . Lender may charge an a.�tion fee and requir�the�son(s)assvming the loan w pay addition�t ch2rges z��._•horiu� _
<br /> . ' by law. s;-..
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<br /> �� ARTICLE EL
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<br /> .. �: NON-UNIEO,Z'��C.rr��iN'i'S. Lir.�avwer and Lender futther oovenant and agrce as follows:
<br /> � : 16. Accete3otEon;Re�e,iies. Upa�gr�nrowe�''s breach of any oovenant or agreem�t aP Borrowcr in this Deed
<br /> • of'o'rust,ttt.^.�ad�ng witasaut Umita4�aa the cove�nts w pay when due any sums ander We Note secw�ed by Wis
<br /> � D�oP Trast. Leud�r.Wt Leader's optlon,subjed to the Pollowing sentence,may derlare a!D of the s�s saured
<br /> � by this Deed of Tr�..�t tm be immedjately due aad psyable wtthout demand or nottce aad may invoke We po�vgr
<br /> . of sale,aad any other reme�ies permitted by appiEcable law. Prtor to recording any notice of deiault I.endcr shssD
<br /> • . give Borr.rs�r+er notIoE of default� .rr��uired by law and,In We event of a default cansls3ing only oY Borrower's
<br /> . • � Y� . failtve t��ke a required paym��nower shaDl once�as�ovided by law,have twc3rl.g(20)doys aFter suc6
<br /> • -�� notice is�:;eu w ciae s¢cb defctait l.rg-ceadering the amaunt�e at the time ot the tead�,.r:thont aa�eteaation.
<br /> ,.�'��, plus aay unpaid cl�asges. After a�cording a aot�oe ot default,Lender shaU be entitled to coIlect in sach groceeding
<br /> •����t`' all expenscs ot forecias�ue, fudusling, but not limited w, reasonable attoraeys' tees or tivstee's and costs oi
<br /> � . � . dosumeaWry evld�r.e,abs4rasts c��titte reports.
<br /> . If[he po►ves of sale is invoked,Tru�shafi record a aotice of default in eaeb counry in which�y part of the Property
<br /> :.er-- is located and shali rasil capies of such notice in the manner prescribed by applicable law to Borrawer and to the other
<br /> '�•;;;w;,�,;;.j persons pres�ribed by agplicable lativ. After the time required by applicable law,Tntstee shall givepublic aeice of sale
<br /> -�.�i�_;�:`�• to the persans aad in the manner prescn'brd by applicable law. Trustee.without demaad an Borrower, s3sll sell th�
<br /> -_:_;�:�;=,.*- Property at public suction to the highest bidder at the time and placc and uader the teTms desi�ted in the notice af sale
<br /> _=-'�'���-; in one or more parcels aad fn aay order Truscee determines. Tmstee may postpoue sale a��31 or any parcel of the
<br /> �'. ' '' Property by public anaouarement at the tune aad place of any previously scheduled sale. I�der of its designee may
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<br /> :.� purchase the Property at any sale.
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<br /> L° � � Trustee shall apply the:s�'�praoe�i:_.: first,to the costs and e�cpenses of exercising the poc��of sale aad of the sale,
<br /> �'=��='�y� incIudiusr�I�:papment of the Truste�'s.`ees actually incwred not to exceed fifteen percent(l5 ti 3 of the gross sale price,
<br /> �z;{;,.a.��-- s,uand, :o payment of the obli�at:on secured by this Deed of Tmst, third. to the payc�i of jimior trusi deeds,
<br /> ___"`� � �� *.tartgages or otSier lienholders,and the balance, if any, to the person or pxtsons le�aliy entitle�!thereto.
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<br /> °.: ... � . !7'. A�t�,,ment oi Rents;Appofu8�ent of Reteiver. As addiflonal security heieunder,Borrouer hereby assigns to
<br /> . Ir.r_�-4�rents of tha Property,paz�ided that Bflrrower shall,prlor to acceleration uad�pazagraph 16 hereof or
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<br /> � abandow;.�nt of[he Y'roperty,have 4::right to oollest and retain sucb rents as they becoma due aad payable. _
<br /> `:'"���'� Upoa acceieration uu�p3ra�ragfl E�hereof or stbandanment of thE Property,Ix��es shall be entided to have a receiver
<br /> "'`� :,,;,. appoinzc-�:y a wurt to entes upun,r.�e�osssss:on of and man��the Prapesty�d to eflllce&che rents of the Progerty
<br /> � � 't`'" incl¢3is.�;i�ase past due. Ali re*��s cx;il��xd by the receiver shzli ise applied first to payment��C��e cosu of man�ement
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<br /> '. - of the Propeny and collertion of r�n��. i�:�lding,but not limited to receiver's fees,premiu�oa teceiver's bonds and _
<br /> ' rcasonablr attomeys' fres.aRd tL:a�._�::sums�ecured by this Deed of Trust. The receive;s:.all be llable to account ;_;
<br /> • „ only for those rents actually msei�ai_ -
<br /> � ' ' I8. Loan Charges. If the loan sesured by this De�d of Trust is subject to a law which ccts maxtmum loan charges,
<br /> , and that law is finaily interpreted so that the interest or ottter loan charges collected or to be collected in conuection with
<br /> � � the loan exceed pemritted limits.then: (1)any such loan charges shall ds reduced by the cunount necessary to redaoe
<br /> thr charge to�he permitted limit;and(2)any sums already collected from Boaower which e�ceeded permitted limits
<br /> ' • will be refunded to Borrower.
<br /> .._ . _ .___ . :�.-:n_�Ra U�, Vr,r�c!S N1 Rf�M1E FIUAR6L'PEL Oc�d
<br /> . � 00057987t� BR1u:D7
<br /> � p�.. 13 y��..� _.
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