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not personally liable on the Note or under this Deed of Trust, and (c) agrees that Le and other ot�orrower
<br />hereunder mac agree to extend,
<br />modify, forbear, or make any other accommodations with regard to the terms of this
<br />Decd of Trust or the Note, without that Borrower's
<br />consent and without releasing that Borrower or modifying this Deed
<br />of Trust as to that Borrower's interest in the Property.
<br />12. Notice, Except for any notice required under applicable taw to be given in another manner, (a) any notice to
<br />Borrower provided for in this Deed of Trust shalt be given by delivering it by
<br />or mailing such notice by certified mail
<br />addressed to Borrower at the Property Address or at such other address as Borrower
<br />may designate by notice to Lender
<br />as provided herein, and (b) any notice to Lender shall be given by certified mail to Lender's address stated herein or to
<br />such other address as Lender may designate
<br />by notice to Borrower as provided herein. Any notice proAded for in this
<br />Deed of Trust shall be deemed to have been
<br />given to Borrower or Lender when given in the manner designated herein.
<br />13. Governing Law; SevermbiB" The
<br />state and local laws applicable to this Deed of Trust shall be the Theist of the
<br />jurisdiction in which the Property is located. The fore
<br />going sentence shall not limit the applicability of Federal law to
<br />this Deed of Trust. In the event that
<br />attc provision or clause of this Deed of Trust or the Note conflicts with applicable
<br />law, such conflict shall not affect other provisions of this Deed of Trust
<br />or the !vote which can be given effect without the
<br />conflicting provision, and to this end the provisions of this Deed of Trust and the Not e are declared to be severable. As
<br />used herein. "costs' %'•expenses" "attorneys'
<br />and fees" include all sums to the extent not prohibited by applicable lax or
<br />limited herein.
<br />14. Borrower's Copy. Borrower shall he furnished a conformed copy of the Note and of this Deed of Trust at the
<br />time of execution or after recordation hereof.
<br />13. Rehabilitation Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home rehabilita-
<br />tion. improvement, repair or other loan agreement
<br />which Borrower enters into with Lender. Lender, at Lender's option,
<br />may require Borrower to execute and deliver to Lender. in a for acceptable
<br />m
<br />to Lender, an assignment of any rights,
<br />claims or defenses which Borrower may have against
<br />parties who supply labor, materials or services in connection with
<br />improvements made to the Property.
<br />16. Transfer of the property. If Borrower sells or transfers all or any part of the Property or an interest therein.
<br />excluding ta,' the creation of a lien
<br />or encumbrance subordinate to this Deed of Trust. (b) a transfer by devise, descent. or
<br />bti operation of law upon the death of
<br />a joint tenant. or (c) the grant of any leasehold interest of three nears or less not
<br />containing an option to purchase. Borrower shall cause to be submitted information
<br />'a
<br />transferee as if required be Lender to evaluate the
<br />new loan were being made to the transferee. Borrower will continue to be obligated under the Note and
<br />this Deed of Trust unless Lender
<br />releases Borrower in Writing.
<br />If Lender, an the basis of any information
<br />obtained regarding the transferee, reasonabl determines that Lender's
<br />sccurM mar be impaired. or that there is an unacceptable likelihood
<br />of a breach of any Covenant or agreement in this
<br />Deed of Trust, or if the required information is
<br />not submitted. Lender ntay declare all of the sums secured by this Deed
<br />of Trust to be immediately due and payable. It Lender
<br />exercises such Option to accelerate. Lender shall mail Borrower
<br />notice of accceieration in accordance with paragraph 1' hereof. Such notice shall provide
<br />R.
<br />a period of not less than 30 days
<br />from the date the notice is mailed or defn'ered xithin which Borrower mac pay the sums declared due. If Borrower fails
<br />to pat such sums prior to the
<br />expiration cat such period. Lender may, without further notice or demand on Borrow
<br />invoke an remedies permitted by paragraph 1- hereof. er,
<br />NoN- L'y1FORM COVP,AN1 -N Borrnwer and Lender further covenant and agree as follows:
<br />17. Acceleration; Remedies.
<br />Except as provided in paragraph 16 hereof. upon Borrower's breach of any covenant
<br />or agreement of Borrower in this Deed of Trust. including Borrower's
<br />failure to pay, by the end of 10 calendar days after
<br />they are due, any luau secured by this Deed of Trust, Lender
<br />prior to acteteaatioa shall give notice to Borrower
<br />provided in paragraph 12 hereof sPeeifviag: 11) the breach; (2) the
<br />action required to cum such breach: (3) a date, not
<br />lm than 20 days from the date the notice is mailer] to Borrower, by
<br />which such breach must be cu red; and 14) that
<br />t
<br />failure to cure such breach on or before the date specified in the notice
<br />m
<br />this Deed Test and sale may result tat
<br />acceleration of the ea rns secured
<br />the property. The notice shat] further inform Borrower
<br />of the right to reinstate after
<br />acceleratian and the r�iti to bring a court action to assert the nonexistence of a default or any other defense of Borrower
<br />to acceleration and sale. If the breach is
<br />not cured on or before the date specified in the notice. Lender, at 1 Lender's
<br />option, tray declare all of the sums to cured M this Deed of Trust to be immedately
<br />due and payable without further
<br />may invoke the Power of sale an d any other remedies
<br />permitted by applicable law. Lender shall be entitled
<br />` casts and expenses m, hi awcurred m pursuing the remedies provided in this paragraph 17. including,
<br />but rtes ruasowadrie attwrsevs' foes.
<br />If the Power of sale is invoked, Trustee shall record a notice of default in each Louatt in which the Property at some
<br />I
<br />Peel thereof is located and shell use" t�epies of such
<br />I notice in the manner prescribed by applicable law to Borrower and
<br />the other peniour preserlited by applicable Law. After the Lapse of time
<br />Trustee sad] give p� notice of sale to rise
<br />manner Prescribed may be required by applicable
<br />r
<br />demand en Borrower, shall
<br />me atwd m the tthe
<br />by applicable taw. Trustee, without
<br />sell the out
<br />hi est biddr
<br />disftesteed Property m Public auction to highest bidder at the time and pace and under the
<br />Ire the notice of yak in eae or more parcels and in
<br />such order as Trustee may determine. Trustee men
<br />Peagewe Bade of ail or any parcel of the Property by pubik announcement the
<br />at
<br />sch"Wed safe. Lender or Lender's designee in" purchase the Property ul an, time place of a
<br />tlny lotsly
<br />prev
<br />and
<br />sane.
<br />UP" Met* of Paytwent of the price bid. Trustee shall deliver to the
<br />purchaser Trustee's deed conveying the
<br />. The recitals in the TrustK's deed shall be
<br />�PvePerty
<br />Prime facie evidence of the truth of the statements made
<br />. Trustee a OWY the Proceeds of the sale ua the f9iio
<br />to all re, sotabk costs and expenses 'the
<br />"it, m, Trustee's fees actuWh incurred o 'or t s
<br />�^'�`� M not tnerr ti��!
<br />Pike, e . . . . . . . . . . . . . %wf the gross a1�
<br />' left mad cm" Of tide evidence, (b) m all saws by
<br />secured this Deed of 7'rus4 and (t •I the cx-
<br />cent. Reny. m the peasen m persons legally entitled thereto.
<br />Is. .s Rim 1a Rehistate. Notwithsianding Lender's ar cleratinn a•t thv sums sreured
<br />Tract, due to Borrower',, breach. Borrower l
<br />shall have the right to have arty pniccrt)mgs he} art hi Lender tl�rnfin)ee "t
<br />anti time prior to tite earlier
<br />Deed of Truth disco,,
<br />to ,acur n1 ti) the titth alas ixe!iire she sole cat the pIq
<br />" sal i art,
<br />pursuant vii Yale power' 4 >{ b�1C, (kn[alrieft rn tbi, Drtd of 'I rust car 1t;'erttrl !e1 fl 111dgmcl;t t•nanti' ?rte t } +ty 1)et'd
<br />ta) borr"mer patio f- Calder
<br />o1 1 rU11 it
<br />all suns whwh soul',; ire :hen due anal r �hh Det d of Irta anti the Note had na ai "Iciauor
<br />fat.'Curre d 4bl Borrower r. they lids t'rCdt'hC1 iPl ant ctihtr
<br />inY('tt3n Lti .tr tf t,'t 4E t ti fit: �.)t IiOi'tl�w t'T , c.nle3'n L'Cl IIZ thl� &)vv'l lei
<br />Irum 1 kkirrtewer tmyk all re',xa_ ahiv hx; nsC Inn Tad t)ti t 'nt1 't lfi i Irl,
<br />ea ff�@.nFRR S;}f it4YMF W i 1 _'li 1 fll) at ltl,f13 l
<br />t', C 1 EY aa`ne4 t )vtri Ui It t ".t4P �yti � .{t tttl � An(�
<br />13Ar Af,TA;11. 1 als"e>a, 8F& IUFi rl'. tslll 'k n .r -, t t .1 rt3 s; 11C
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<br />yuirr� � sal ?+� idol ,)tt'
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<br />-`Art 4 K"m µ._r 911, 11_._. . 1Ftf .t vitf „` .tk�
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