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200701868 (Page 4 of 6) 10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extensian af the time far payment 0.1' madificatian af amartizatian af the sums secured by this Deed af Trust granted by Lender to. any successar in interest af Barrower and all ather parties who. are 0.1' hereafter became secandarily liable shall nat aperate to. rei ease, ill any manner, the liability af the ariginal Barrower and Barrawer's successars in interest. Lender shall nat be required to. cammence proceedings against such successar 0.1' refuse to. extend time far payment 0.1' atherwise madify amartizatian af the sums secured by this Deed af Trust by reasan af any demand made by the arig!nal Barrawer and Barrawer's successars in interest. Any farbearance by Lender in exercising any right 0.1' remedy hereunder, 0.1' atherwise affarded by applicable law, shall nat be a waiver af 0.1' preclude the exercise af any such right 0.1' remedy. 11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The cavenants and agreements herein cantained shall bind, and the rights hereunder shall inure to., the respective successars and assigns af Lender and Barrawer, subject to. the pravisians af paragraph 16 hereaf. All cavenants and agreements af Barrower shall be jaint and several. Any Barrower who. co.-signs this Deed af Trust, but does nat execute the Note, (a) is ca~signing this Deed af Trust anly to. grant and canvey that Barrower's interest in the Praperty to. Lender under the terms af this Deed af Trust, (b) is nat persanally liable an the Nate 0.1' under this Deed af Trust, and (c) agrees that Lender and any ather Barrower hereunder may agree to. extend, madify, farbear, 0.1' make any ather accammadatians with regard to. the terms of this Deed af Trust 0.1' the Nate, without that Barrower's cansent and withaut releasing that Barrawer 0.1' madifying this Deed af Trust as to. that Barrower's interest in the Praperty. 12. Notice. Except far any natice required under applicable law to. be given in anather manner, (a) any notice to. Barrawer pravided far in this Deed af Trust shall be given by delivering it 0.1' by mailing such natice by certified mail addressed to. Barrower at the Praperty Address 0.1' at such ather address as Barrawer may designate by natice to. Lender as pravided herein, and (b) any natice to. Lender shall be given by certified mail to. Lender's address stated herein 0.1' to. such ather address as Lender may designate by natice to. Barrower as pravided herein. Any natice provided far in this Deed af Trust shall be deemed to. have been given to. Barrawer 0.1' Lender when given in the manner designated herein. 13. Governing Law; Severability. The applicable law cantained in the Nate shall cantrol. Where no. applicable law is cantained therein, the state and lacallaws af the jurisdictian in which the Praperty is lacated shall apply except where such laws canflict with Federal law; in which case, Federal law shall apply. In the event that any provisian 0.1' clause af this Deed af Trust 0.1' the Nate canflicts with applicable law, such canflict shall nat affect ather pravisians af this Deed af Trust 0.1' the Nate which can be given effect withaut the canflicting pravisian, and to. this end the provisians af this Deed af Trust and the Nate are declared to. be severable. As used herein, "casts," "expenses," and "attarneys' fees" include all sums to. the extent not prahibited by applicable law 0.1' limited herein. 14. BOJ'J'ower's Copy. Barrawer shall be furnished a canfarmed capy af the Nate and af this Deed af Trust, if requested, at the time af executian 0.1' after recardatian hereaf. 15. Rehabilitation Loan Agreement. Borro.wer shall fulfill all af Barrawer's abligatians under any hame rehabilitatian, improvement, repair, 0.1' ather laan agreement which Barrawer enters into. with Lender. Lender, at Lender's aptian, may require Barrower to. execute and deliver to. Lender, in a farm acceptable to. Lender, an assignment af any rights, claims 0.1' defenses which Barrower may have against parties who. supply labar, materials 0.1' services in cannection with impravements made to. the Praperty. 16. Transfer of the PJ'Operty. If Barrawer sells 0.1' transfers all 0.1' any part af the Praperty 0.1' an interest therein, excluding (a) the creatian af a lien 0.1' encum brance subardinate to. this Deed af Trust, (b) a transfer by devise, descent, 0.1' by aperation af law upan the death af a jaint tenant, (c) the grant af any leasehald interest af three years 0.1' less nat cantaining an aptian to. purchase, (d) the creatian af a purchase maney security interest far hausehald appliances, (e) a transfer to. a relative resulting fram the death af a Barrawer, (f) a transfer where the spause 0.1' children af the Barrawer became an awner af the praperty, (g) a transfer resulting fram a decree af dissalutian af marriage, legal separatian agreement, 0.1' fram an incidental property settlement agreement, by which the spause af the Barrawer becames anawner af the praperty, (h) a transfer into. an inter vivas trust in which the Barrawer is and remains a beneficiary and which daes nat relate to. a transfer af rights af accupancy in the property, 0.1' (1) any ather transfer 0.1' dispasitian described in regulatians prescribed by the Federal Harne Laan Bank Baard, Barrawer shall cause to. be submitted infarmatian required by Lender to. evaluate the transferee as if a new laan were being made to. the transferee. Barrawer will cantinue to. be abligated under the Nate and this Deed af Trust unless Lender releases Barro.wer in writing. If Lender daes nat agree to. such sale 0.1' transfer, Lender may declare all af the sums secured by this Deed af Trust to. be immediately due and payable. If Lender exercises such aptian to. accelerate, Lender shall mail Barrawer natice af acceleratian in accardance with paragraph 12 hereaf. Such natice shall provide a peri ad af nat less than 30 days from the date the natice is mailed 0.1' delivered within which Barrawer may pay the sums declared due. If Barrawer fails to. pay such sums priar to. the expiratian af such periad, Lender may, withaut further natice 0.1' demand an Barrawer, invake any remedies permitted by paragraph 17 hereaf. NON-UNIFORM COVENANTS. Barrawer and Lender further cavenant and agree as fallaws: 17. Acceleration; Remedies. Except as pJ'Ovided in paragraph 16 hereof, 01' as otherwise required by law, upon BOJ'J'ower's breach of any covenant 01' agreement of BOJ'J'ower in this Deed of Trust, including Borrower's failure to pay, by the end of ten (10) calendar days after the date they are due, any sums secured by this Deed of Trust, Lender prior to acceleration shall give notice to BOJ'J'ower as pJ'Ovided in paragraph 12 hereof specifying: (1) the breach; (2) the action required to cure such breach; (3) a date, not less than 20 days fJ'Om the date the notice is mailed to Borrower, by which such breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice may result in acceleration of the sums secured by this Deed of Trust and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring court action to assert the nonexistence of a default or any other defense of Borrower to acceleration and sale. If the breach is not cured on 01' before the date specified in the notice, Lender, at Lender's option, may declare all of the sums secured by this Deed of Trust to be immediately due and payable without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all costs and expenses incurred in pursuing the remedies pJ'Ovided in this paragraph 17 to the extent permitted by applicable law. 12-05-05 DOT NE001104 111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111 *G26A02422B9200T8000NEOOll040**GOODMAN * ORIGINAL