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<br />within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay
<br />these sums prior to the expiration of this period, Lender may imroke any remedies by this Security
<br />Instrument without further notice or demand on Borrower.
<br />15. Default Acceleration; Remedies. If any, monthly installment under the Note is not paid when due,
<br />of if Borrower should be in default under any provision of this Deed of Trust, or If Borrower is In default
<br />under any other Deed of Trust or other Instrument secured by the Property, the entire principal amount
<br />outstanding under the Note and this Deed of Trust and accrued Interest thereon shall at once become
<br />due and payable at the option of Lender without prior notice and regardless of any prior forbearance. In
<br />such event, Lender, at Its option, may then or thereafter deliver to the Trustee a written declaration of
<br />default and demand for sale and shell cause to be tiled of record a written notice of default and of election
<br />to cause to be sold the Property. Lender shall also deposit with the Trustee this Deed of Trust and any
<br />Notes and all documents evidencing expenditure secured thereby. After the lapse of such time as then
<br />may be required by law following recordation of such notice of default, and notice of sale having been
<br />given as then required by law following recordation of such notice of default, that notice of sale having
<br />been given as then required by law, the Trustee, without demand on Borrower, shall sell the Property at
<br />the time and place specified by such Trustee in such notice of sale, or at the time to which such noticed
<br />sale has been duty postponed, at public auction to the highest bidder for cash In lawful money of the
<br />United States, payable at time of sale, except that Lender may offset his bid to the extent of the total
<br />amount owing to him under the Note and this Deed of Trust, including the Trustee's fees and expenses.
<br />The Trustee may sell the Property as a whole or in separate parcels if there is more than one parcel,
<br />subject to such rights as Borrower may have by law to direct the manner or order of sale, or by such other
<br />manner of sale which is authorized by law. The Trustee may postpone the time of sale of all or any
<br />portion of the Property by public declaration made by the Trustee at the time and place last appointed for
<br />sale.
<br />The Trustee shall deliver to such purchaser Its deed conveying the Property so sold, but without any
<br />covenant or warranty, express or Implied. The recital in such deed of any matters of fact shall be
<br />conclusive proof of the truthfulness thereof. Any person, including Borrower, the Trustee or Lender may
<br />purrftse the Property at such sale. After deducting all costs, fees and expenses of the Trustee, and of
<br />this Deed of Trust, Including costs of evidence of title in connection with such sale, the Trustee first shall
<br />apply the proceeds of sale to payment of all sums expended under the terms of this Dead of Trust, not
<br />then repaid, with accrued interest at the rate then payable under the Note or Notes secured thereby, and
<br />then to payment of all other sums secured thereby and, If thereafter there be any proceeds remaining,
<br />shall distribute then to the person or persons legally entitled thereto.
<br />16. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this
<br />Deed of Trust, Borrower shall have the right to have any proceedings begun by Lender to enforce this
<br />Deed of Trust discontinued It (a) Borrower pays lender all sums which would be then due under this
<br />Deed of Trust, this Note and Notes securing Future Advances, If any, had no acceleration occurred; (b)
<br />Borrower cures all [reaches of any other covenants or agreements of Borrower contained in this Deed of
<br />Trust; (c) Borrower pays all reasonable expenses Incurred by Leader and Trustee in enforcing the
<br />covenants and agreements of Borrower contained In this Deed of Trust, and in enforcing Lenders and
<br />Trustee's remedies as provided in Paragraph 15 hereof, including, but not limited to, reasonable
<br />attorneys' fees; and (d) Borrower takes such action, as Lender may reasonably require to assure that the
<br />lien of this Deed of Trust, Lenders Interest In the Property and Borrowers obligation to pay the sums
<br />secured by this Deed of Trust shall continue unimpaired. Upon such payment and cure by Borrower, this
<br />Deed of Trust and the obligations secured hereby shall remain in full force and affect as if no acceleration
<br />had occurred.
<br />17. Assignment of Rents; Appointment of Receiver. As additional security hereunder, Borrower
<br />hereby assigns to Lender the rents of the Property, provided that so long as Borrower is not in de fault
<br />hereunder, Borrower shall have the right to collect and retain such rents as they become due and
<br />payable.
<br />Upon Borrower's default or abandonment of the Property, Lender, in person or by agent, shall be entitled
<br />to collect all rends directly from the payors thereof, or have a receiver appointed by a court to enter upon,
<br />take possession of and manage the Property and to collect the rends of the Property including those pest
<br />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 receivers fees, premiums on receiver's
<br />bonds and reasonable attomeys' fees, and then to the sums secured by this Deed of Trust. The receiver
<br />shall be liable to account only for those rents actually received.
<br />16. Loan Charges. If the loan secured by this Deed of Trust is subject to a law which sets maximum
<br />loan charges, and that law is finally interpreted so that the interest or other ban charges collected or to be
<br />collected in connection with the ban exceed permitted limits, then: (1) any such loan charge shall be
<br />reduced by the amount necessary to reduce the charge to the permitted Omit; and (2) any sums already
<br />collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may
<br />choose to make this refund by reducing the principal owed under the Note or by making a direct payment
<br />to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment sunder the
<br />Note.
<br />19. Legislation. If, after the date hereof, enactment or expiration of applicable laws have the effect
<br />either of rendering the provisions of the Note, the Deed of Trust or any Rider, unenforceable according to
<br />their terms, or all or any part of the sums secured hereby uncoliectible, as otherwise provided in this Deed
<br />NE Deed or Trust Papa 4 Loon Number:173 8881233413*008677407
<br />230792 nor I (Ran 08, 9.00)
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