|
<br />88- 103057
<br />not personally liable on Ihe Note or under this Deed of Trust, and (c) agrees that Lender and any '~her Borrower
<br />hereunder may agree 10 enend, modify, forbear, or make any other accommodations with regard to the terms of Ihis
<br />Deed ofTrusl or Ihe Note, wilhout Ihal Borrowr:r's consent and without releasing Ih.t Borrower or modifying this Deed
<br />of Trust as 10 Ihat Borrower's inlerest in Ihe Property,
<br />12, Notice. Except for any notice required under applicable law to be given in anolher manner, (a) any notice to
<br />Horrower provided for in this Deed of Trust shall be given by delivering it or by mamnl such notice by cert.ified mail
<br />addressed to Borrower at Ihe Property Address or at such other address IS Borrower may designate by notice to Lender
<br />as provided herein, and (b) any notice to Lender shall be given by certified mall to Lender's address stated herein or 10
<br />such other address as Lender may designate by notice to Borrower as provided herein, Any notice provided for in this
<br />Deed ofTrusl shall be deemed to have been given to Borrower or Lender when liven in the manner desisnated Iterein.
<br />13. Gcmralq Lawl SeverablUly. The stale and loeal laws applicable 10 this Deed of Trus! shall be the laws ofthe
<br />jurisdiction in which Ihe Property is loealed. The foregoing sentence shall not limit the applicability of Federal law 10
<br />this Detd of Trusl. In Ihe cvenllhat any provision or clause of this Deed of'Trusl or the Note conOiets wilh applicable
<br />law, such contlict shall nol affeet other provisions of this Deed of Trust or the Note which can be given effect without the
<br />conmeling provision, and lolh!s end Ihe provisions of this Deed of Trust and the Note are declared 10 be severable. As
<br />used herein, "COSIS", "expenses" and "attorneys' fees" include all sums to the extent not prohibited by applicable law or
<br />limited herein.
<br />14. BorroWet:'1 Copy. Borrower shall be furnished a conformed copy ofth~ Note and of this Deed of Trust althe
<br />lime of execution or after recorda! ion hereof.
<br />IS. Rebabill...lcm Loan AlftlCIIICIIt. Borrower shall fulfill all of Borrower's obligations under any home rehabilita-
<br />lion, improvemenl, repair or olher loan agreemenl which Borrower enters into with Lender. Lender, at Lemler's oplion,
<br />may require Borrower 10 execute and deliver to Lender, in a form acceptable '0 Lender, dn assignmenl of any rights,
<br />claims or defenses which Borrower may have against parties who supply labor, materials or services ill wnnection wilh
<br />improvements made to the Property.
<br />16. Tnuuler of the Property. If Borrower sells or Iransfers all or any part of the Property or an interest therein,
<br />excluding !a) the creal ion of a lien or encumbrance subordinate 10 Ihis Deed of Trust, (b) a transfer by devise, descent, or
<br />by operalion of 11Iw upon Ihe dealh of a join I tenant, or (c) the grant of any leasehold interest of three yean or less not
<br />conlaining an oplion 10 purchase, Borrower shall cause 10 be submitted information required by Lender to evaluate the
<br />transferee 85 If a new loan were beinS mtUle to the transferee, Borrower will continue to be oblilatec1 under the Note and
<br />this Deed of Trust unless Lender releases Borrower in writing.
<br />If Lender, on the basis of any informalion obtained regarding the transferee, reasonably determines that Lender's
<br />security may be impaired, or Ihal there is an unac:ceptable likelihood of a breach of any coven an. or agreemenl in this
<br />Deed of Trusl, or If the required Information is nOlsubmitted, Lender may declare all Gfthe sums secured by this Deed
<br />01' Trusl 10 be immedialely due and payable. If Lender exercises such option 10 accelerate, Lender shall mail Borrower
<br />nolil.-e of aeceleralion in accordance wilh paragraph 12 hereof. Such nolice shall provide a period of not less than ~ days
<br />I'rom Ihe dale the notice is mailed or delivered witltln which Borrower may pay the sums declared due. If Borrower fails
<br />to pay such sums prior to the expiration of such period, Lender may, wi'hout further notice or demand Gor, Horrower,
<br />invoke any remedies permitted by paragraph 17 hereof.
<br />NON-UNIFORM COVENANTS. Borrower and Lender further covenanl and agree as follows:
<br />17. ACL'eIeratIoa; R......... Except .. pro'fIded la ,.,..,.,. 16 benof, apoa Bono_" breach of ...y cowenan.
<br />or..-. or Borr_la dais Deed of 'mi', I_I.... aonower" rau.... Ie ..y, by the end Df 10 calendar aya afan
<br />they are he, ...y 1_ ....red by this Deed or T....., lADder prior Ie IlCCeIeradoa .balllllIe no'lce 10 8cJrrcwer as
<br />prIt,.... .. ,.,..raph 12 henohpecU'ylall (II .he b..mIIZ'....1ICt1oa ......red 10 can ..h brelleh; 13) a a.e, not
<br />... ..... 20 a,. fMm the date die nodee .. nWIed 10 Bono_, by wlaldl .... bread! 18"" be cared; ...d (41 .hat
<br />laIhue Ie _ .... bretldl on or before lhe date .pedIIed la .be notice ..y ..... la acceIeradoa 01 the ._ aecared by
<br />dais Deed of T..... IUId uIe or.... Prapeny. The nolJee.....1 r.rther ..... Bane_ of the rfaha10 relaatate .ran
<br />aceelerataa. UId the rtah. to brlaa II eoart ad.... to -.c the _...... of a defa.l. 01' ..., oahu def_ of Borrower
<br />to IICCIIeratIDn and sale, If the bnadJ Is no. eund on or Won the date .pedOed la the aotlce, Leader, a' LeadEr'l
<br />optIon,18ey dedve dl of the IWDI aeeured by ..... Deed of Tna. to be .......lely due and ..yable w1d1ou. furthet:
<br />IIiIDUId aad .., Invoke the power of uIe and any 0...... ~ ........... by applicable Jaw. ~ .ball be entitled
<br />to NIIed dl-...ble COlla and expem.1IIelIIft'd la P....... die.......... pro'fIded la..... parlIII'lIph 17,/adudial,
<br />b.. .... Il8lted to, raaonable au-,.' f_.
<br />If.he pgwer of sale Is layoked, T...._ ...... reeord a nolk:e of deCal. la eaeh _aty la wbleh .he Property or lome
<br />part .......... Ioca.... and all... ...u c:opIeI 011'" notice .... die _aer pnaerIbed b, appIleable Jaw to Borrower and
<br />10 &be edIer penoaa prNCdbed by appIle&bIe Jaw. After the Iapae of lalll8e .. .., be required hy epplleable la..
<br />T...._ shalIlIYe psblk ac&e of tale to I" perIOIII and ID ... _ PftKribed by appIIeable Jaw. T....tee, wlthou.
<br />........ - a.no_, ........1 the Propert, at p_.k aael_ loa.. ........ IIIdder a. the dale and plare and uader the
<br />..... .......ted la the nodoe vi.... In _ or ..... pan:eIa IIIId In .ueh order _ Trustee lDay delennlne, Trultee ma,
<br />,...,.. uIe of dl 01' any parcel or the Propert, by. public an.-en. at .... ..... and p/aee of any pre,I_I,
<br />adIacWed...., ......, or .......... ...... lila' plfthMe ... Property at .,ade,
<br />UpoII receipt vi p8,_. of the pike bid. Tn._ .ball dellyer to ahe ptI!'Chaaer Trus.ee'l deed conn,lnR .he
<br />Pnapert, MIcI. 'J'IIe reel.... la .... Tl'1IItee" deed ahaU be prima l'ade evJdeaee of the trulh of .he Ilalemenla made
<br />thenill. Tma... .heII appI, ... proceedI of the sale la .... foUowlal order: lal to dl ......nabJe COlla aad elpenan 01 the
<br />tale. ........, bat not IhnJted '0, T,.hle'!t f_ aetull,laeanecl 01 aot 180re th. .......,...,. % of .he IlFOll ,de
<br />price, .-hie aU..,.' ,.. aad COlla of llde nldeace; 111/ to aU ._ _red by .hIt Deed of T.....; and (clIM n-
<br />_, If _y, to .... pIfIOII 01' penoaa ......., eatlded thereto.
<br />Ii. Bono.... RJalDt to Relaatate. Notwithslanding Lender's acceleralion of Ihe sums secured by Ihis Deed of
<br />Trust, due to Borrower's breach, Borrower shall have the righl to have any proceedings begun by Lender to enforce chis
<br />Ueed:Of Trust diKOlltinued at any lime prior to Ihe earlier 10 OI:cur of Ii) the fifth day before Ihe sale of the Prop'~r1Y
<br />punuant 10 the power 01' sale con;ained in Ihis Dud or Trusl or Iii) enlry of a judllmenl enforcing this Deed of Trusl II:
<br />Ca) Borrower pays Lender all sums which would be Ihen due under this Deed of Trust alld the Note had 1I0llccelcrallon
<br />occurred; Cbl Borrower eures aU breaches 01' any other covenants or agreements of Borrower contained in Ihis Deed of
<br />Truu; (c) Borrower pays all reasonable elllCnses incurred by Lender and Truslee in enforcing Ihe covenllnls and
<br />allreemenh of BorrQwer ~'Ont.lned llllllis Deed ofTrusl and in enforcing Lendc:r's and Truslee's remedies 115 prO\'ided in
<br />para.uph 17 hereof. including. but nul limited 10. feuonable allorneys' fen; and ldl Borrower lakcs sUl'h IIl'lIon .l\
<br />IZlIde, may relUOnably re~uire to InSure that Ihe lien of Ihis Deed of Trust. Lencter\ interesI in ,he Prnpt'r'~ Hnll
<br />H<)ffItWer'\ ""hllalion 10 p.y Ihe sums se('lIroo by Ihis Deed ol'Trust \hall conlin~ ullinlpalretl Upom \lId! pnvml'lIl nn(1
<br />rure by 8<1"....e'. Ihi, Deed 01' TrUll Ilnd 1M oblllatlons secured hereb)' shall remain in full hln.c :lOd "Ill'l" ,1\ If 11"
<br />''':('t'ler.ho<1 hlld oCl'urnd,
<br />
|