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<br /> i JOHN S AL88RS LAVONNS K ALBIiltS 102537 03/26/1999
<br /> - __ •, � 9.Condeannatton.The praceeds of nny nwncd ur clnim fiir dnnws�,direct or cansequendal. in cotmcsdoa with twy
<br /> � condemnaHon or other teking af tlie Prupeciy. ar pan theteof. or fitt conveynnce in lieu uf condamnadan,are hereby ,
<br /> asslgned uud shall be paid to I.euder.subject ta che tern�.g ut uny mnngage,deed of tn�st or uther secur�ty ageeenteat��ith n
<br /> , ' lien�vhich t�s prlorIry over thts Deed af Trust.
<br /> 10. Bos�aywer Nat Relest�eat; rorb�rnitsu dy Lendes Fla! n Wafver. Extenslnn of the da� for puymem ar
<br /> r�ficadon of amorti�adon of th?sems�eGr�d by tAf� tk�d af Teust grauted by Lertder to any successor iu intecest of _°_''
<br /> Bormwer�htill aot aperate to:+eleuse, la nny ntnw�er.�h�llnbitity uf thr ariBinal Bnnuwer und Be�rccDVier's successors in "P
<br /> iaterese.Lender shalt not be required to commence procee�llags aguiust such successUr or reti�se to ext�nd duie for payment �^i
<br /> � or athezvvise modify amortizadoA of the s�ms secured by tbis Dged af Trust by reason of aay demaad mnde by the orlginal �,
<br /> .; �. • Borrower siud$orrower's successots in intetest. Aay fort�earaace by I.ender in eaercising auy right or rem�dy hereunder. � ��
<br /> _ or othen�se afforded by applIcable law.sbalt aot be a waiver of or pralude the exetcise of any such dght or remedy. _ _
<br /> - ; Yl.8uocessors ansl Asslgas Bound;dolnt and Several UabUity;Co-slgrte�s. The coveaants end agreemenu heretn � �
<br /> .. ,'�_.:w��• �ined shall bind.and tke dghts hereunder shall ir�ure to,the respecdve successo�s and assigns af Lender acd Bonower.
<br /> subject cn the pmvlsIons of paragraPh 16 hereof. AQ cavenants aad agroements of Borrower shall be joint aud several. �� `-
<br /> �� � �� Any Borrower wh�co-signs thts Dced of Tn�st.but dces not e�cecute the Note.(a)is co-s3gaiag this Deed of Tnut only to �
<br /> � gtnnt aad comey that Borrower's interest ln the Property to Tmstee u�er the tem�s of this Deed of Tavst. (b) is aot �
<br /> , � persoaally lisble on the 1Vote or under t6€s Deed af Tn�st,and (c)agreES that I.ender and any ather Borcawer hereunder
<br /> � maY agiee to extemd.modify.forbear.or make any other saomnwdadons wlth regard to the cerms of tLhie Deed of Tnut or �
<br /> ; the Note,wIthout that Bortower's consent sud withaut releasing that Borrower or modifying this Deed of Tmst as to that
<br /> ; �� Bomower's laterest in the Prope�ty. ,__
<br /> 12. Notice. B�ccepi for ai►y aoHce tequired undet applicabie law to be gtven in another manrter.(a) any aotice ta
<br /> � ,. ,� Bomower pmvided for in this Deed of Trust sUall be givca by deGverii►g it or by maiW�g sucb nodce by certi6ed mail _
<br /> addressed to Borrower at the Property Addmss or at such other address as Boaower may desigaate by nodce ro Leuder as �....
<br />_ , ., '� provided henein,and(b)anY nodce to Leader stull be given by certified ma�!to Lxnder's address smted hereia or to such
<br /> .. .. other add�ess as Leader may des3gnate by nodce m Bomower as provided herein. Any nodce provide�for in this Deed of
<br /> Tnut shall be deemed oo bave besn g[ven to Borrower or I.ender when given in the manner desIgnated hetein. —
<br /> ; � � 13.Goveruing Law;Severabfltty.The state aad local laws agpllc�ble to this Deed of Tcust s6a11 be the laws of the
<br /> .. jnrisdicdon in which the Pcoperty is located. The foregoing seatence shall not limit the applicabil�ty of Fede�ai law to this
<br /> Deed of Tn�st. In the event that any provision or clause of tUis Deed of Tzust or the Note conflnds wtth appHcable laa►.
<br /> , • sach conflict shall aoe atfect other provtsions af this Deed of Tn�st or the Note which can be given effect without the
<br /> " � con+tlicting provIsion. aad w tWs end the provisions of this Deed of Tsust and the Note are declaretD to 6e severeble. As
<br /> • .. u�js.�2.�he{reln, "costs". 'eapenses"andd "attomeys'fees'l�lude all snms ro the excent not protdbiced"oy applicabIc Iaw ui ,
<br /> Sf. L1111�{l�
<br /> _ . . i�.�ara�v�►'s Copy.Borrower shall be furnished a confo�med copy of the Note sud of tmis Deed of Tiust at dte
<br /> � . time of execution ar after recordadon hereof.
<br /> � iS. Rel�bilitatMn I.oan Ag�+e�ent. Borcower s6all fulfill a11 of Borcower's obltgatians nmdec any home
<br /> �1::,, �.. tehabilimSon,im�mve�wend.e+ePair or other loan agc�ent which Borrower enteis into with I.eader. La�det�at I�endea's
<br />-.� "•�:::i°- . ; option. maY re�Nire Bo:rower w exeaue and deliver to Lender, in a form accep�ble to Lrader,an es.dgument of siry
<br />� ..� rlghts.clsims or defenses which Borrower may hqve agsiia5t pardes who supply labor. materIals or s�vices in co�ecdon
<br />_= . - wIth improve�made to the Property.
<br /> 1:. • f _ �6.Tr�ns�Per of the Property or a Benefidel Iaterest in Bora�owe+r. If all or any part of the Prmpeny or ai►y interest
<br /> •.. ". ,." ° in it is sold or transfened(or if a be�ficial iatecest in Borrower�s sold or uansferted and Bo:rodver is�t a natural
<br />„�;.,'y .:. " �wlthout Lender's prIor wrluen coa�sent.Lender may.at its opSon. ro4uire imm�ate PaYment in full of all auns
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<br />_�= -' seeured by this Deed of Tnrst. Howe.wer. t6is opdon shaU aot be exercised by L,ender if eaeceise is Ismtu'bited by fcderal
<br /> r��_._:P..�,....
<br />,�Y-r':_�k�, law as of the date of tWs Deed of Tmst.
<br />_° If Lender exerases this opdo4 Lender st�all give Bomower uoflce of aa:eleration.The notice shaU pmvlde a pedod
<br />=�`� r"`'� of not less tUan 30 days from the date the mSce is delivered or mailed within which Bornnwer mvst pay all sums secunad
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<br />�:�:„� by tlds Deed of Tnist. If Borcow�r fails to pay these sum4 prtor to the eupiiaHon of e�ts perlod. I,Eadec may iavoke smy
<br />-...,�..� .", remedi�s permitoed by this Deed of Tn�st without further notice or demaud on Brnmw�r. — _
<br /> -' ' �'"� NON-UMFmRM COVENANTS. Bormwer and I.cadcr fartha covenaai and agree as follows:
<br />_.eF.lE�r1�+"... � _
<br />�-_ ,.:. 1 7. A e o e l e�m t l o A 3 R a a e d i e s. E x a e p t a s p ro v l d e d t n p a r a g r a p h 1 6 6 e+¢of, u�ww Borrua��r's bresc6 uf a�
<br /> '-.`:�'°�- - eove�oant or ag��rneat of B�v�ow�in tLfs Deed of Tre�st, iaclUdinB Borrawer's faiWre w pay,Dy tGe end ot 10 _
<br /> y-- .�..".. cale�dar days afta they are d#ue.anl smns secured bq tWs Deed of'Pn�st, Lentler Drior to aooderattoa sh�9 glve
<br /> ��': �ttce W Bornowar as provtded i�para�aph 12 bee�of spedt'ying: (1) the breac�a, (2)the adion eequtre�l to cure
<br /> �-�::�`"".� ,_ s�ch breach3(3)�date,not less tdan 20 days fi�n the date t6e not�ce is meiled w Borrower•by wb!!cU su�h brrACh �
<br /> -�::�.; mt�st be c�u+edi and(4)tLat failnre to pme sach brradt on or b�ore Qd�e date specltied in t6e�atEoe may resutt in
<br />'- . �` ::.. a�ooeleeation of tbe su�s sec�u+ed by this Deed of'15r�nt and sale of tie�Prope�rty.The naHa slr�{D fu�tma Inform
<br /> � , t Bmr�+�wer of the e�lght to reLa�tate atter scoeleratlon and the right w bring a aovrs s�28on W askrt tM nooe�eaoe of __
<br /> a default or a�y o4hec defease of Bon+ower to aood�on and sele.V tLe bra�cU is noi cue+ed mn af I�efere t6e daie
<br /> " '�._. spedfled in the motEce.Latder•a!Lender's opti��,ma�'declare aU of the s�uns�ec9ued by 4D� ID¢ed of Trust to be --
<br /> . ' � imffiediately duP�d�yabte w[tho�rt gtn4Uaer c�na�rtd and may imvoke the power of sale an� �wy ather r�edl� _ -
<br /> - 2 ; pamttfed by agplicable law. Leader sbaU De �t[tled to wllect aD reasonable oosts sod�Inc�rred in =--
<br /> �� �rafing the e�emtedlps pmvi�d tn 3Lfs par�aph 17, tnr,lu�iag,hut not Umtted to.r�asomtbte stQan�.eys't'�p. __
<br /> " ' If the pow�of sale is i�okcd.Tnutee shall reoord a�ttce of d�aWt 1n each oou�y iin w3rfcb 4fie P�+c+�rty or
<br /> ., ��` ; sorae part lbeeo4 is located and sLall� mail wptea of suc3��ticc in the maaner prescrihed bry aPl�ltcable law W --
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<br /> -. . .. _ OQII�Wir 7[Qlt W�RC al�C�[R[36tm�t[L�ii11J�0 V� a[I(InWatta as�►.tassw��ac swpw v.o......�.���..y �__.�_'__.. -
<br /> IIcable �
<br /> - � ttpplicabla law, Tewtee sh�il give publ�t rr.aJtoe �f�Ia to��sr�s�us s�ad!n tlrE m�r prescet�Cl D9 �pge —
<br /> _: . ° taw.'lYus¢ee,witlwut dcmaad o»Borrower,shall setl t6e Prop�ty at pu6llc audtan to the Wghe�Didder a4 the ttme
<br /> � and plaoe and ander the tanms deslgo�ted in the uotfse of sete in one or more pae+oels and in sac�orda'as Trustee
<br />_. � may d�lne.Trer�te�ay pa�pone sale of ell or�p paroei of the Prop�tiy by pahQc anaom�ac�en!at the tl�e
<br /> „ amd place of any pnevlously sc6¢dWed�ate.I.endar or L�des's designee meY purctu�se tke Frinp�r0y at any aale.
<br /> 1Jpon reodpt ot paym�t oi the prlce bid,'Pnstee shall deUv�to the p�e+chasa�T�cstee's dced aonvc�in�the
<br /> . Prope�ty aofd.The rec[tals i�tde 11rosi¢e's deed sb�ll be prima[ade evideace o�Ute tnrth of t0ie stat�ts made �
<br /> " tha+�n.Tntste�sbaii apply the proc�ed�of the s�le in the foUowing order:(a)to atl r�sonnble r�s snd�of
<br /> � tt�e e�w�d�d�o8.but aot tim[ted co,Tnrstee's fas actoaqy inct�+¢d of�t more t6an s 4ii of t0e�rass sate prtoe,
<br /> reasomibie attorne�m• fees and ea�s o!t[tte evtdenoe� (b) to atl sem�s scdu+ed by this Deed af Tr� �nnd (c) the
<br /> ° exoes9,it auy to tGe person or pasom►le�Yy enttQed tt�eto.
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<br />--y Ncean�a 2sa76a t�s Osigiasai�ROaordsd) CopY(Braaahf Copy t�atomarl Pagc s ois
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