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<br />10. Borrower Not Released: Forbearance By lender Not a Waiver. L:xter, ion -:)f the lithe for pity stem or nmdificanor,
<br />of amortization of the sums secured by t is teed of Trust granted by Lender to any successor in nttcrest of Bormwcr artu
<br />all other parties who are or hereafter become s"-riir liable shall not operate to release, in any manner the hahihty
<br />Iof the original Borrower and Borrowers successors in interest. Lender shall not be required to commence proceedings against
<br />such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured bu this Ned
<br />of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest. An) forbearance
<br />by Letteler in exercLsing any right or remedy hereunder, or orl:erw te rse afforded by applicable la shall not IX- a +valuer of
<br />or preclude the exercise. of any such right or remedy.
<br />11. Successors and ! gas Bound: Joint and Several Liability: (o-sif nem rx covenants and agreement,, herein contained
<br />shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower. subject
<br />to the provisions of 1mragraph 16 hereof All covenants and agreements of Borrower shall be joint and several. Any Borrower
<br />who exo•sigsis this Lked of Trust, but does not execute the Note. tai is co- signing this Deed of Trust cal} to grant and convey
<br />that Borrower's interest ;n the Property to Lender under the terms of this Deed of - Trust, Ih) is not personally liable on
<br />the 'vote or under this Deed cif Trust. and Icl agrees that Lender and an other Borrower hereunder may agree to extend.
<br />modify, forbear, or snake any other accomm<xiations with regard to the terms of this iked of Trust or the Note. without
<br />that Borrowers consent and without releasing that Borrower or modifying this Deed of Trust as to that Borrower's interest
<br />in the Property.
<br />17. Notice' Except for any nottir required under, applicable law to he given In another manner, raj ant, notice w Balrrower
<br />provided for in this Deed of Trust snall be given by delivering it or by mailing such notice by certified mail addressed to
<br />Borrower at the Properi) Address or at such other address as Borrower may designate by notice to Lender, as provided
<br />herein, and fb) any notice to Lender shall he given by certified mail to Lender's s addres, stated herein or to such other address
<br />as Lender may designate by notice to Horrnwer as proiidecl herein. Any notice provided for in this Deal of T' i Ni shall
<br />be deemed to have been given to Borrower or Lender when given in the manner designated herein
<br />13. Governing paw: Severability. l`he state and local jaws of the jurisdiction in which the Property is located shall apl)k
<br />except where such law, conflict with Federal law. in which cat. Federal law applies. In the event that an% pro% ,,ion or
<br />clause of this Deed of Trust or the More conflicts with applicable law, such conflict shall riot affect other pros loons of if!],
<br />Deed of Trust or the 'vote which can be grs.en effect without the conflicting provision, and to this end the prouisions of
<br />this Deed of Trust and the dote are declared to be severabie. As used herein. "costs.- "expenses" and "attorneys fees" Include
<br />all sums to the extent not prohibited by applicable law or limited herein
<br />14. Borrower's Copy. Borrower shall he furmsheii a conforined copy of rile Note and of this Iked of Trust. if rt gl ;csted.
<br />at the time of execution or after recordation hereof.
<br />13. Rehabilitation Loan Agreement. Borrower ;haii fulfill ail of Borrower's obligations under ail} horse ichahtliranon
<br />improvement, repair, or other Iota it agreement which Borrower enters Into with Lender Lender. at l.cm ex's opts on. t. a>
<br />require Borrower ro execute and deliver to Lender, rn a form acceptabie to Lender. all assignment of any rights, .iaiwn
<br />or defenses which Borrower niay have agalrsi the parties wow:, suj,ply tabor. materials or •,eroices, in connection with
<br />improvements mad, to the Prooperty
<br />16. Transfer of the Property. If fk)rrowcr sells or transfers - arn' bait of the Property or an Interest therein, excluding
<br />ial site creation Cof a lien or encumbrance s ;lhcordinar, to this teed r `Trust, lb) a transfer h) devise, descent, or to ol-wrarirni
<br />of law up-ion the death of a joint tenant. !c! the grant ..I any leasehole, est (if three y -ars or less not contanunk an opuuil
<br />to purchase. id) the creation of a purchase mono+ security interest for hou-,cnold appliances, lei a transfer to a relative. resulting
<br />frorn the death t)f a Borrower. T: a transler where the sfxmse or children of the Borrower txcorne an owner or the property.
<br />ig) a transfer resulting frorn a decree of dis,o.-rluuon of marriage, legal separation agreement, or from an inc;dcmal propert;
<br />settlement agreement, by which the spouse of the. Burrower becomes ern owner of the property. ill) a transfer into an inter
<br />visas trust in which the Borrower is and remains a hereliciary and which dens not relate to a transfer of rights of occupan, t
<br />at the property, or lu an) other Transfer or dispxostuor, dearibed in regulations prescribed by the Federal Motile Loan 11:,ni.
<br />Board, Borrower shall cause to be submnted mforn.alion required ha Lender to evaluate the transferee as ii a new loan
<br />were being made to the transferee Narrower will conunue to he o mi -gated under the Note and this Deed of Trust unles�
<br />Lender releases Borrower in writing.
<br />If Lender does not agree to such sale for transfer. lender may declare all of the sunis secured hti this fked of I ru >i
<br />to be immediately due acid payabk If Lender exercises u,:n option to accelerate, Lender shall mail Boirowcr nonce of
<br />acceleration in accordance with paragraph 12 hereof. Such notice shall provide a period of not less than 0 days from the
<br />hate the notie :s noailod or delivered within Ahiclt N)r row er may pay (tie sums declared due If Borrower fails to pa) such
<br />sums prior to ,Ott expiration of such period. Lcndes ma;. without further tlotiLc or demand <rn 13 xrowcr. inyuk, arn rcirlcct, ,
<br />permitted by paragraph 17 Hereof
<br />NON- UMFORM COVENANTS Borrower and Lender further ecrtcnant and agree as follows
<br />17. Acceleration; Remedies. Except as provided in paragraph 16 hereof, or as otherwise required by law, upon Burroavcr's
<br />breach of any covenant or agreement of Borrower in this Deed of Trust, including Borrower's failure to par, bu the end
<br />of ten (10) calendar days after the date they are due, any sums secured by this Deed of Trust. Lender prior to acceleration
<br />!chap give notice to Borrower as provided in paragraph 12 hereof specifying: (f) the breach; (2) the action required to curt,
<br />such breach; (r;) a date. not less than 20 days from the date the notice is mailed to Borrower, b% which such breach must
<br />be cured: and (4) that failure to cure such breach on or before the date specified in the notice MAY result in acceleration
<br />of the sums secured by this Decd of 'r-rust and safe of the Propem. The notice shall further inform Borrower of the right
<br />to reinstate iiher acceleration and the right to brim; a court action to assert the nonexistence of a default or any other defense
<br />of Borrower to acceleration and vale. If the breach is not cured on or before the dale specified in the notice, Lender, at
<br />Leader's option, nay declare ail of the sums secured b% this Dtcd of Trust to be immediately due and parable without further
<br />detnaad and may invoke the power of sale and anv other remedies permitted by applicable law. Lender shall he entitled to
<br />coWd all costs and expense•. incurred in pursuing; the remedies provided in this paragraph 17 to the extent permitted h,
<br />applicable brw.
<br />if leader invokes the power of sale, Lender or Trustee shall mail copies of a notice of sale in the manner prescribed
<br />by applicable law to Borrower and to the other persons prescribed by applicable law. Trustee shall give notice of sale by
<br />publle advenisement for the time and in the manner prescribed by applicable law. Irustec, without demand on Borrower'
<br />%k&U !toil the Property at pubIL auction to the highest bidder for cash at slue time and place and under the term% designated
<br />in the trotke of safe in orw or more pirrels and in such order as Trustee may determine. I rumee may postpone sate of all
<br />or 20) pared of the Prcrpert) to auuy later liner Tin the came date by public Announcement at the time and place of am preiioush
<br />wbe4akd Italy. lender or Lender's dcsignev my purchase the Property at an) sale.
<br />fttislee %hall dtfivrt to the purchaser Trustee'% deed conve%ing the Property so sold a.itltenu any cocctiaal or warrants,
<br />..lepre�ed Of itttplird. I1W recitals in the Trustee's deed shall be a prima facie evidence of the truth of the• statements made
<br />therein. f(WAee 4a0 apply the proceeds of the xak- in tt• followimtt order: tat to All re•asemable casts and csperlscc of ibc
<br />cafe, i*V11winrt, but not Ifmnef rue rcasonablle Trustee'+ (stirs and attorneys' firs and tunas of rills coidence; iii) to .iii sums
<br />se•curo,4 Ay this Deed of trust, and tc) the recesti. it arts. to tbv person as ;iersrin% lvealb eninivit therein.
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