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<br />200701003
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<br />of all sums sl:eurcd by this Deed of Trust. [!owl:wr, this option shall not be nefclscd by Lender if exercise is
<br />prohibited by federal law as of the date of this I)eed of Trust.
<br />If Lender exercises this option, I,ender shall giVt: Borrower notice of acceleration. The notice shall provide
<br />lj period of not less than 30 days from the date the notice is delivered or mailed wlthm which Borrower must pay all
<br />sums secured hy this Deed of Trust. if 13orrower fails to pay these sums prior to the expiration of this period,
<br />Lender may invoke any remedies pemlitted by this I ked of Trust without further nolice or demand on Bon'ower.
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<br />NON-UNIFORM COVI ':N^NTS. Borrower and Lender rurthur covenant and agree as follows
<br />17. Acceleration; Remedies. I':xcept as provided in paragraph 16 hereof, upon Borrower's breach of any
<br />covenant or agreement of Borrower m this I ked of Trust. including Borrower's failure to pay, hy the end of ]()
<br />calendar days after they are due, any sums secured by this Deed of Trust, Lender prior to acceleration shall give
<br />notice to Borrower as provided in paragraph 12 hereof specifying (1) the breach; (2) the action required to cure
<br />such breach; (3) a date, not less than 20 days from the date the notice is mailed to Borrower, by which such breach
<br />must be cured; and (4) that failurc to cure such breach on or before the date specified in the notice may result in
<br />acceleration of the SUIIlS secured by thIS Deed of Trust and sale of the Properly. The notice shall further infonn
<br />Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the nonexistence of
<br />a default or any other defense of Bon-ower to acceleration and sale. [I' the breach is not cured on or before the date
<br />specified m the notice, Lendcr, at Lender's option, may declare all of the sums secured by this Deed of Trust to he
<br />immediately due and payahle without further demand and may invoke the power of sale and any other rcmcdies
<br />permitted by applicable law. Lender shall be entitled to collect all reasonuhlc eosts and expenses incurred m
<br />pursuing the remedies provided in this paragraph 17, including, but not limited to, rcasonahle attorneys' fees.
<br />[I' the power of sale is invokcd, Trustee shall record a notice of default in each county in which the
<br />Property or some part thereof is located and shall mail copies of sllch notice in the rnarlller prescribed hy applicable
<br />law to Ron-ower and to thc other persons prescribed by applicable law, After the lapse of such time as may he
<br />reqUIred hy applicable law, Tmstee shall give puhlic notice of sale to the pcrsons and in the manner prescribed by
<br />applicable law. Trustee, without denmnd on13olTower, shall sell the Property at public auction to the highest bidder
<br />at the time and place and under the terms designated in the notice of sale in one or more parcels and in sueh order as
<br />Trustee may dcterrnine. Trustee may poslpone sale of all or any parcel of the Property by public announcement at
<br />the timc and pluee of any previously scheduled sale. I ,ender or I ,ender's designec nmy purchase the Property at any
<br />sale,
<br />Upon reccipt of payment of the price bid,rrustee shall deliver to the purchaser Trustee's deed conveying
<br />the Propcrty sold, The recitals in the Trustec's deed shall be prima filCie evidence of the truth of the statements
<br />made therem. Trustee shall apply thc proceeds of the sale in the following order: (a) to all reasonable costs and
<br />expenses of the sale, including, but not limited to, Tmstee's fees uetually incurred of not more than
<br />% of the gross sale pricc, reasonahle attomeys' fees and costs of title evidence; (b) to all sums
<br />secured by this Deed of Trust; and (c) the excess, if uny, to the person or persons legully entitled thereto.
<br />18. Borrowcr's Right to I{einstate. Notwithstanding Lcnder's acceleration of the sums secured by this
<br />Deed of '1'111st, due to Borrower's breach, Borrowcr shall have thc right to havc any proceedings beglm by Lender to
<br />enfi)fce thIS Deed of Trust dlscontinued at an~' time prior to the earlier to oecllr or (i) the fifth day before the sale of
<br />the Property pursuant to the power of sale contained in this Deed of Tmst or (ii') entry or a judgment enforcing this
<br />Deed of Trust if: (n) Borrower pays Lender all sums which would be then due under this Deed of Trust und the
<br />Note lmd no accelcration occLlfTed; (b) BOrTowcr cures all breaches of mlY other covenants or agreements of
<br />BOrTower contained in this Dccd of Trust; (c) Borrower pays all reasonahle expenses incurrcd hy Lender and
<br />Trustee in enforcing the covenants (md agreements of Borrower eonlBined m this Deed of Trusl and m enforcing
<br />Lender's and Trustee's remedies as provided in paragraph 17 hereof, including, but not limited to, rcasonable
<br />attorneys' Ices; and (d) Bon-ower takes such action as Lender may reasonably rcquire to assure that the lien of this
<br />Deed of Tmst, 1 ,ender's mterest mthe Properly and Borrower's obligation to pay the sums sel;lIred by this Deed of
<br />Trust shall continue unllnpaired. Upon such payment und cure by Borrower, this Deed of Trust and the obligations
<br />secured herehy shull remain in full force und effect us ifno acceleration had oecllrred.
<br />I <), Assignment of Rents; Appointment of Receiver; Lender in PossessIOn As additional security
<br />hereundcr, Borrower hereby assigns to Lcndcr the rents of the Property, provided that BOITower shall, prior to
<br />acceleration under puragraph 17 hereoi' or abandonment of the Property, have the fight to collect and retain such
<br />rents as they hecome due and payable.
<br />Upon acceleration under puragmph 17 hereof or abandonment of the Property, Lender, in person, by agent
<br />or by Judicially appointed rel:eiver shall be entitled to entcr upon, take possession of and manage the Prope)1y and to
<br />collect thc rents of the Property including those past due. All rents collccted hy Lender or the receiver shall be
<br />applied first to payment of the costs of management of the Property and collection of rents, including, but not
<br />limited to, receiver's fees, premiums on receiver's bonds and reasonable atlomeys' fces, and then to the sums
<br />secured by this Deed of Trust. Lender and the reeelVer shall be liahle to account only for those rents actually
<br />received.
<br />20. Reeonveyanl:e. Upon paYlllent of all SUITlS secLa'ed by this 1 )eed of Trust, Lender shall request Trustee
<br />to reconvey the Property and shall surrender this Deed of Trust and all notes evidcncing indehtedness secured by
<br />this Deed of Trust to Tmstcc. Trustee shall reconvcy thc Property without warranty and without charge to the
<br />person or persons legally entitled thereto. Such pcrson or persons shall pay all costs of recordation, if any.
<br />21. Substitute Tnlstee. Lender, at Lender's option, may from time to time remove Trustee and uppoint a
<br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this I)eed of
<br />Trust is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and
<br />duties conferred upon the Trustee hercin and hy applicable law.
<br />22. Request for Notices, BOrTowcr requests that copies of the notice of default and notice of sale be sent
<br />to Bon-ower's address which is the Property ^ddress.
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<br />bge 4 of5
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<br />Tnitials: 13f).~
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<br />FF-4J 51 (I\E) (()2()<J)
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