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<br />200701195 <br /> <br />does not execute the Note, (a) is co-signing this Deed of Trust only to grant and convey that Borrower's <br />interest in the Property to Trustee under the tenns of this Deed of Trust, (b) is not personally liable on the <br />Note or under this Deed of Trust, and (c) agrees that Lender and any other Borrower hereunder may agree <br />to extend, modify, forbear, or make any other accommodations with regard to the terms of this Deed of <br />Trust or the Note, without that Borrower's consent and without releasing that Borrower or modifying this <br />Deed of Trust as to that Borrower's interest in the Property. <br />12. Notice. Except tOr any notice required WIder 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 certified mail addressed to Borrower at the Property Address or at such other address as <br />Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be <br />given by certified mail to LendeT's address stated herein or to such other address as Lender may designate <br />by notice to Borrower as provided herein. Any notice provided for in this Deed of Trust shall be deemed <br />to have been given to Borrower or Lender when given in the manner designated herein. <br />13. Governing Law; SeverabUlty. 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 shal1 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 conflict shal1 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 al1 sums to the extent not prolubited by applicable law or limited <br />herein. <br />14. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of <br />Trust at the time of execution or after recordation hereof. <br />IS. RehabiUtaUon Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any <br />home rehabilitation, improvement, repair or other loan agreement which Borrower enters into with <br />Lender. Lender, at Lender's option, may require Borrower to execute and deliver to Lender, in a form. <br />acceptable to Lender, an assignment of any rights, claims or defenses which Borrower may have against <br />parties who supply labor, materials or services 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 <br />any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and <br />Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, <br />require immediate payment in full of all sums secured by this Deed of Trust. However, this option shall <br />not be exercised by Lender if exercise is prohibited by federal law 8S of the date of this Deed of Trust. <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 delivered or mailed within which <br />Borrower must pay al1 sums secured by this Deed of Trost. If Borrower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies permitted by this Deed of Trust without <br />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 hereo~ upon Borrower's breach of <br />any covenant or agreement of Borrower in this Deed of Trust, including Borrower's failure to pay, by <br />the end of 10 calendar days after they are due, any sums secured by this Deed of Trust, Lender prior <br />to acceleration Ihall give notice to Borrower all provided in paragraph 12 hereof specifying: (1) the <br />breach; (2) the action required to cure such breach; (3) a date, not less than 10 days from the date the <br />notice is mailed to Borrower, by which such breach must be cured; and (4) that fallure to cure luch <br />breach on or before the date specified in the notice may result in acceleration of the lIuml lecured by <br />this Deed of Trust and sale of the Property. The notice shall further inform Borrower of the right to <br />reinstate after acceleration and the right to bring a court action to assert the nonexistence of a default <br />or any other defense of Borrower to acceleration and saie. If the breach is not cured on or before the <br />date specified in the notice, Lender, at Lender's option, may declare aU of the sums secured by this <br />Deed of Trust to be immediately due and payable without further demand and may invoke the power <br />of sale and any other remedies permitted by applicable law. Lender shall be entitled to colled aU <br />reasonable costs and expenses incurred in pursuIng the remedies provided in this paragraph 17, <br />including, but not Umited to, reasonable attorneys' fees. <br /> <br />Form 3828 (page 4 of 7 pages) <br /> <br />11111111111111111111111111111111111111111111 <br />