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in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for
<br />_ -�ayment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by
<br />the original Borrower and Borrower's successors in interest. Any forbearance by Lender in exercising any right or
<br />remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such
<br />right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- slgners. The covenants and agreements
<br />G7 herein contained shall bind. and the rights hereunder shall inure to, the respective successors and assigns of Lender
<br />and Borrower, subject to the provisions of paragraph 16 hereof. All covenants and agreements of Borrower shall be
<br />joint and several. Any Borrower who co -signs this Deed of Trust, but does not execute the Note, (a) is co- signing this
<br />ODecd of Trust only to grant and convey that Borrower's interest in the Property to Trustee under the terms of this
<br />Decd of Trust, (b) is not personally liable on the Note or under this Deed of Trust, and (c) agrees that Lender and any
<br />Q other Borrower hereunder may agree to extend, modify, forbear, or make any other accommodations with regard to
<br />the terms of this Deed of Trust or the Note, without that Borrower's consent and without releasing that Borrower or
<br />C2 modifying this Deed of Trust as to that Borrower's interest in the Property.
<br />12. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower provided for in this Decd of Trust shall be given by delivering it or by mailing such notice by certified mail
<br />addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender
<br />as provided herein, and (b) any notice to Lender shall be given by certified mail to Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />13. Governing Law; Severabillty. The state and local laws applicable to this Deed of Trust shall be the laws of the
<br />jurisdiction in which the Property is located. The foregoing sentence shall not limit the applicability of Federal law to
<br />this Deed of Trust. In the event that any provision or clause of this Deed of Trust or the Note conflicts with applicable,
<br />law, such conflict shall not affect other provisions of this Deed of Trust or the Note which can be given effect without
<br />the conflicting provision, and to this end the provisions of this Deed of Trust and the Note are declared to be
<br />severable. As used herein, "costs ". "expenses" and "attorneys' fees" include all sums to the extent not prohibited by
<br />applicable law or limited herein.
<br />14. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust at the
<br />time of execution or after recordation hereof.
<br />15. 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 Lender. Lender, at
<br />Lender's option, may require Borrower to execute and deliver to Lender, in a form acceptable to Lender, an assign-
<br />ment of any rights, claims or defenses which Borrower may have against parties who supply labor, materials or ser-
<br />vices in connection with improvements made to the Property.
<br />16. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest
<br />in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all
<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 less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums
<br />secured by this Deed of Trust. If Borrower fails to pay these sums prior to the expiration of this period, Lender may
<br />invoke any remedies permitted by this Deed of Trust without further notice or demand on Borrower.
<br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />17. Acceleration; Remedies. Except as provided In paragraph 16 hereof, upon Borrower's breach of any cove.
<br />nant or agreement of Borrower in this Deed of Trust, including the covenants to pay when due any sums secured by
<br />this Deed of Trust, Lender prior to acceleration shall give notice to Borrower as provided In paragraph 12 hereof
<br />specifying: (1) the breach; (2) the action required to cure such breach; (3) a date, not less than 20 days from the date
<br />the notice is mailed to Borrower, by which such breach must be cured; and (4) that failure to cure such breach on or
<br />before the date specified In the notice may result In acceleration of the sums secured by t�J;; Deed of Trust and We of
<br />the Property. The notice shall further Inform Borrower of the right to reinstate after Jtc1gf et'atIoZk and the right to
<br />bring a court action to assert the nonexistence of a default or any other defense of Borr�wai.,foojaecel�: sale.
<br />If the breach is not cured on or before the date specified In the notice, Lender, at Lender's option "rh y e all of
<br />the sums secured by this Deed of Trust to be Immediately due and payable without further demand and maf Invoke
<br />the power of We and any other remedies permitted by applicable law. Lender shall be entitled to collect all reasonable
<br />costs and expenses Incurred In pursuing the remedies provided In this paragraph 17, Including, but not limited to,
<br />reasonable attorneys' fees.
<br />If Lender Invokes the power of sale, Lender shall give written notice to Trustee of the occurrence of an event of
<br />default and of Lender's election to cause the Property to be sold. Lender shall mail a copy of such notice to Borrower as
<br />provided In paragraph 12 hereof. Trustee shall record a copy of such notice In the county in which the Property is
<br />located. Trustee shall publish a notice of sale for the time and In the manner provided by applicable law and shall mail
<br />copies of such notice of sale in the manner prescribed by applicable law to Borrower and to the other persons prescribed
<br />by applicable law. After the lapse of such time as may be required by applicable law, Trustee, without demand on Bor-
<br />rower, shall sell the Property at public auction to the highest bidder for cash at the time and place and under the terms
<br />designated in the notice of We In one or more parcels and In such order as Trustee may determine. Trustee may
<br />Postpone We of all or any parcel of the Property by public announcement at the time and place of any previously
<br />scheduled sale. Lender or Lender's designee may purchase the Property at any sale.
<br />Trustee shall deliver to the purchaser Trustee's certificate describing the Property and the time when the purchaser
<br />will be entitled to Trustee's deed thereto. The recitals In Trustee's deed shall be prima facie evidence of the truth of the
<br />statements made therein. Trustee shall apply the proceeds of the sale In the following order: (a) to all reasonable costs
<br />and expenses of the sale, including, but not limited to, reasonable Trustee's and attorneys' fen and costs of title
<br />evidence; (b) to all sums secured by this Deed of Trust; and (c) the excess, if any, to the person or persons legally entitled
<br />thereto.
<br />18. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Deed of
<br />Trust due to Borrower's breach, Borrower shall have the right to have any proceedings begun by Lender to enforce this
<br />Deed of Trust discontinued at any time prior to the earlier to occur of (i) the fifth day before sale of the Property pur-
<br />suant to the power of sale contained in this Deed of Trust or (ii) entry of a judgment enforcing this Deed of Trust if: (a)
<br />Borrower pays Lender all sums which would be then due under this Deed of Trust and the Note had no acceleration
<br />occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Decd of
<br />Trust; (c) Borrower pays all reasonable expenses incurred by Lender and Trustee in enforcing the covenants and
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