. ' � f
<br /> � . , .. � s ;
<br /> . . , ,'� �
<br /> �
<br /> . .r_ -�- � ,
<br /> ..__.._.��.�-__._.___. _ . .. .. _. _ . �- ' t
<br /> r
<br /> ., � �
<br /> ; „
<br /> • ° t,,, � � �� ���
<br /> not per:�onally Itablo on the M1fote ar u�tAer lhis D�cd of Teust, nnd (c) apeee��At'Lender nii�a�iy other F3orrov,er I
<br /> hereunder may Agres�to extend,modifp,foebane,oe ntnke n�iy ulher accommodatians with regard to the terms of this �
<br /> Deed oPTrust or the Note,without thot Borrawcr'e conscnt nnd without rclensin�thnt Uorro�ver or modifying this D�ed '4 f
<br /> oPTrust us to that Eionowcr's interest In thc Prnperty. �• -
<br /> iZ. Notlre. F.xccpt for uny notice requlred under applict►blc Inw to bc�;ivcn in nnother ennnncr, (a)nny notice to ; '�+ �
<br /> Barrowcr pravided for I��this[ked of Trast ahall be given by delivering it or by mniling such noticc by cenifled mnil � �
<br /> � � nddresscd to Uorrowcr nt the Praperty Address or nt such other nddress os Barrower mny designnte hy noticc to Lender • �4� '
<br /> I as pmvided hcrein,and(b)any notice ta Lender shnll bc givcn by certificd muil to l.ender's address stutcd tn�rein or tn -
<br /> such other nddress as Lendcr may designate by notice to Borrower as provlded herein.Any notice provided for in this `�
<br /> Uecd oP'Prust shnll be deemed to have been glven to Borrov+cr or I..endcr when given in the manncr designnted herein. �f
<br /> 13. Goveml�g I�awR Sevenblllty.The stnte and local laws applicuble to this Deed of Trust sliall be the laws of the •
<br /> jurisdiction in whlch the Property is located.The foregoing sentence shall not Umit the appl6cnbility of Federnl law ta
<br /> this Deed of Trust. In the event thot nny provision or cluuse of this Uzed of Trust or the Note contlicts with appHcuble
<br /> law,such conflict shall not afFect other ptovisions of this Deed of Trust orthe Note whtch cun be given et'fect witl�out tl�e �
<br /> contlicting provisian,nnd to this end the provisions of this Deecl of Tri�st and the Note are declared to be severable. As ' .
<br /> used herein,"costs"."expenses"and"attorneys'fees"include ull sums to the extent not prohibite�d by applicable law or :
<br /> limlted herein.
<br /> 14. Borrow�er'e Copy.Borrower shall bc furnished a conformed copy of the Note and of this Deed of Trust at the •
<br /> time of execution or after recordntion hereof. '
<br /> 15. RehRbflltatton Laan A�eement.Bonower shall fulfill all of Eionower's obltgations under any hame rehabilita- , . .
<br /> tion,improvement,repair or other loan agreement which Borrower entea into with Lender.Lender,at Lender's option, � ,
<br /> may require Bonower to execute and deliver to Lender,in a form acceptable to[.ender, an assignment of any righG�, :
<br /> ,
<br /> claims or defenses which Borrower may have a�alnst parties who supply labor,materials or senrices in connectton with '
<br /> � improvements made to the Property. ' ^ � '��-=��
<br /> � 16.'�ranstcr of ihe Property or u Beneficial Interesl On Florrower.If all or any part of the Property or any intcrest � Y?
<br /> in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural � ,� 'f'�
<br /> person)without Lender's prior written consent. Lender may,at its option, require immediate payment in full of all I `�f��
<br /> sums secured by this Deed of Trust. However,this option shall not be exercised by Lender if exercise is prohibited by �
<br /> federal law as of the date of this Deed of Trust. ,
<br /> If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a � ,'* �'��=
<br /> period of not Icss than 30 days froen thc date the notice is delivered or mailed within which Dorrower must pay all sums � • '" �_----
<br /> �._
<br /> secured by this Ueed of Trust. It�Borrower tAus to pay these sums pnor to tnc cxpirauon oi tnis penod,�.endcr may - �;�'� - -_.
<br /> invokc any remedies permitted by this Deed of Trust without furthcr noticc ar demund on Borrower, ,
<br /> NoN•UNIFnttM COVENANTS.Borrowcr and Lender furiher covenunt and agrce os follo�va: i"'
<br /> 17. Acceleratlon�Re�edla.Except u provlded In naragrnph 16 hereot,upan Bormwer'�breach of any covenrat ' '�'� �
<br /> or�groement of Borrower In Ithl�Doed ot'Itiu�t�Includlna Borrower'�[�➢luce to p�y�by the end ot 10 cdendu day�after '
<br /> they ue due,�ny sum� �ecared by th4 DeeJ of Tnut, Lender pilor W ucelerRtlon�hdl Qive notire to Borrower oi "
<br /> provided in p�ryraph 11 hereot spect�ylna�(1)the bnuhR(xl��tlan r¢qulred to curo�uch be�e�chs(3)s date,�ot •. '�'�:•
<br /> !ea th�n 20 day�from the date the notice b malltd to Horrower,by whlch �uch breuh mtut be cnred�aed(�1►Wat . p,� .
<br /> [Rilure tu cure�uch breach oa or beton the date�pecltled In the noNce may rault In acalenHon ot t6e�um�secured by
<br /> thb Deed ot Trwt and sde ot the Property.'d'6e nodce shdl farther Inform Bormwer of t6e ri�t to raln�bte dter . ;,;.�..
<br /> accelerRtton and the rl=6t to being a ooart uNon to�ucrt tbe none�idence of a defRUlt or wny other defen�e a[Borrower ; �
<br /> w�cceleeatlon oad sde.It the breach b not cured on or before t6c dste�pecttled ln the noNce,Lender, at I�nder'� ��
<br /> optlon,may decl�re dl of the�um�acurcd br thls Deed of Tnut to be Immedl�tely due utd payable wlthaut further
<br /> demand and mw lnvoke the wer ot�de wd�n other rcmedla rmlttsd b Itcable law.Lender�6d1 be entiUcd �~"���
<br /> 7 Po 7 P� 9�PP -±� .:���...�
<br /> to collect dl reasonable cab wd e:pen�a Incurred Ln punuing the eemedla provided In thu puagraph 17,Inciuding� _.-
<br /> but not Iimlted to,rwonable attomeY�'[eu. � �
<br /> If the powe�at sale b In�oked�Tru�tu�lull record�noUa of def�ult!n euh county In which tl�e Property or�ome �t, ::r
<br /> part thereot b located wd t6dl ma11 capla ot�uch noltce I��thc manner pracdbed by applicable law to Botrower and ;::�`; '��i
<br /> to the other penons pracri6ed by epplicab�e law.ARer the lep�e of�uch tlme�a may h►e rcqutnd by�ppllcable law, ,,!; ;�
<br /> Trustce shall gtve publtc nodoe of sale tQ t6e persoas and In the manne¢pracribsd by applicabla Isw.Trttitee,wtthaet `'' � I.
<br /> demAnd on Borrowcr,�hdl sell the Property at publte auctton to the hlghest b(dder at tha�e Rnd place and ander the <,�'. •;1.}f
<br /> tcrm�designated[n the noHoe o[sale in one or more parceb�nd In�ach ordu�s Tnutee may determina Tlnae¢ee may �'" � .:p��
<br /> patpone ule oi all or any paresl o[the Propeaty by publlc announcement at thc dme and place a(any previously "�°'
<br /> scheduled e�le.I.ender or Lender'e dalgoee msy purc6�se the Property Rt�ny��le. I •' '
<br /> Upon necetpt of payment of tt�e pdce b[d, Tnastee�hall dellver to the purchsaer Tru�toe'� deed conveying the I 'r�
<br /> Pm�crty sold.Thc rcclW�In the Tru�tee'� dec�l�hall be prime[acle cvtdence o[ the truth uf the statsments roadc , " ;
<br /> theretn.Tnutee shdl�pply the proceeds of tho�ale te the[ollowing order� (�)to�ll reasonable cats end eapensa of the , #
<br /> sale,lncluding,but not IlmAted tv�Tnbtee'�[0a actually Incuned of not more th�n ........ .....°lo of the gnoa rale ' ± �
<br /> pdce.re�sonable�ttomey�'[ea and coab o[HUe evidences(b)to all�um�secured by thls Deed of Trust;and(c)the cx• i 7
<br /> cea�,i[�ny,to the p¢non or pcnons legdly entitEed Wereto. �
<br /> 18. Itorrower's Rlaht ¢o Relnstate. Notwithstanding L.ender's acceleration of the sums secured by this Dced of
<br /> 'I'rust,due to Bomower's breach,Borro�ver shall hnve the right to hnvc any proceedings begun by L.ender to enforce this ".��
<br /> Uced of Trust diszontinued at nny time prior to thc carlier to accur of(i)thc fifth dny beforc thc sale of the Property ' ���
<br /> putsunnt to the power of sale contained in this Deed of 7'rust or(ii)c�try of a judgment cnfurcing thfs d�ccd of T'rust if: � �
<br /> _. !�l O ..�...I��.1�..�1t�..�.�...l.3..{........1.�t.��1.�..A..�.....1�.�1.3..fL�.l ..0 T�..���...� �1.� tU..��1.�.! ....��..�I.».�i.... -_� 1
<br /> - �u�w.•v.�o• ro�o w.�vr.�..ov...o v...�•.nvuw w••.�...vvo u..�... •...o..wv v. •.�o•o..v •.w ..ve uau..v o��.�.��..o•.v.. —'.-.•
<br /> , . occurred;(b)Borrower cures nll beenciies of any other covenonts or ngrcements of Borrower contained In this Deal of � � �
<br /> Trust; (c) Bonower pays nli rensonnble expenses incuned by I.endcr and Trustee in enforcing the covenants und �.�
<br /> agreements of Borrower contained in this Doed of Trust nnd in enforcing Lender's and Z'rustce's remedics as provided in • ��
<br /> paragraph 17 hcrcof,including,but not limitcd to,rensonable attorneys' fees; and (d)BorroEVCr takes such action ns '��
<br /> [.ender muy reusonably require to assure that the lien of this Deed of Trust, L.ender's interest in the ProErerty and , �
<br /> � Bonower's obligation to pay the sums securrd by this Deed ot'Trust shall continue uni�npaieed.Upon such payment and �
<br /> cure by Borrower,this Deed of Trust nnd tl�e obligations secured hereby shall remain in Pull force and effect as if no • ,�
<br /> acceleration had occurrcd.
<br /> 19. AMt�meat o[ Renb= Appointmcnt of liceclver= Lender In Poaacaslun. As additional security hereundcr.
<br /> fiorrower 6ereby assigns to Lencier the rents of the Property,pcovided that Borcower snait,prior to accelerution under � i
<br /> paragraph 17 hereof or abandonment of the Property,have the right to collect and retain such rents as they become d ue �
<br /> And payoble. �
<br /> Upon ncccicration undet patngrnph 17 hereof or abandonment of the Property. L�endcr,in person. by agcnt or by •
<br /> E judicially nppointed receiver shall be entitled to enter upon,take possession of and man�ge the Prdperty and ta collect • I
<br /> � , I
<br /> .
<br /> ,
<br /> � — — ��..� _
<br />
|