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7. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in
<br />connection with any condemnation or other taking of the Property, or part thereof, or for conveyance in
<br />lieu of condemnation, are hereby assigned and shall be paid to Lender subject to the terms of any
<br />mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust.
<br />8. Borrower Not Released; Forbearance By Lender Not a Waiver. The Borrower shall remain liable
<br />for full payment of the principal and interest on the Note (or any advancement or obligation) secured
<br />hereby, notwithstanding any of the following: (a) the sale of all or a part of the premises, (b) the
<br />assumption by another party of the Borrower's obligations hereunder, (c) the forbearance or extension of
<br />time for payment or performance of any obligation hereunder, whether granted to Borrower or a
<br />subsequent owner of the property, and (d) the release of all or any part of the premises securing said
<br />obligations or the release of any party who assumes payment of the same. None of the foregoing shall in
<br />any way affect the full force and effect of the lien of this Deed of Trust or impair Lender's right to a
<br />deficiency judgment (in the event of foreclosure) against Borrower or any party assuming the obligations
<br />hereunder, to the extent permitted by applicable law.
<br />Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by
<br />applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />9. Successors and Assigns Bound; Joint and Several Liability; Co- signers. Borrower covenants and
<br />agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-
<br />signs this Security Instrument but does not execute the Note (a "co- signer"): (a) is co- signing this Security
<br />Instrument only to mortgage, grant and convey the co- signer's interest in the Property under the terms of
<br />this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument;
<br />and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any
<br />accommodations with regard to the terms of this Security Instrument or the Note without the co- signer's
<br />consent.
<br />Subject to the provisions of Section 14, any Successor in Interest of Borrower who assumes Borrower's
<br />obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of
<br />Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from
<br />Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in
<br />writing. The covenants and agreements of this Security Instrument shall bind and benefit the successors
<br />and assigns of Lender.
<br />10. Notice. Except for any notice required under applicable law to be given in another manner, (a) any
<br />notice to Borrower provided for in this Deed of Trust shall be given by delivering it or by mailing such
<br />notice by first class mail addressed to Borrower or the current owner at the Property Address or at such
<br />other address as Borrower may designate in writing by notice to Lender as provided herein, and any other
<br />person personally liable on this Note as these person's names and addresses appear in the Lender's
<br />records at the time of giving notice and (b) any notice to Lender shall be given by first class mail to
<br />Lender's address stated herein or to such other address as Lender may designate by notice to Borrower
<br />as provided herein. Any notice provided for in this Deed of Trust shall be deemed to have been given to
<br />Borrower or Lender when given in the manner designated herein.
<br />11. Governing Law; Severability. The state and local laws applicable to this Deed of Trust shall be the
<br />laws of the jurisdiction in which the Property is located. The foregoing sentence shall not limit the
<br />applicability of Federal law to this Deed of Trust. In the event that any provision or clause of this Deed of
<br />Trust or the Note conflicts with applicable law, such conflicts shall not affect other provisions of this Deed
<br />of Trust or the Note which can be given effect without the conflicting provision, and to this end the
<br />provisions of this Deed of Trust and the Note are declared to be severable. As used herein "costs ",
<br />"expenses" and "attorneys' fees" include all sums to the extent not prohibited by applicable law or limited
<br />herein.
<br />12. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note, this Deed of Trust and
<br />Rider(s) at the time of execution or after recordation hereof.
<br />13. Rehabilitation Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home
<br />rehabilitation, improvement, repair or other loan agreement which Borrower enters into with Leader.
<br />Lender, at Lender's option, may require Borrower to execute and deliver to Lender, in a form acceptable
<br />to Lender, an assignment of any rights, claims or defenses which Borrower may have against parties who
<br />supply labor, materials or services in connection with improvements made to the Property.
<br />14. Transfer of the Property or a Beneficial Interest in Borrower, Assumption. As used in this Section
<br />14, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited
<br />to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or
<br />escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser.
<br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a
<br />natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written
<br />consent, Lender may require immediate payment in full of all sums secured by this Security Instrument.
<br />However, this option shall not be exercised by Lender if such exercise is prohibited by federal law.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall
<br />provide a period of not less than 30 days from the date the notice is given in accordance with Section 10
<br />NE Deed of Trust Page 3 Loan Number: 173 8881249717/0006680140
<br />230792 nedeed (Rev 08, 9 -00)
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