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not personally liable on the Note or under this Deed tit' ']'rust, and (el agrees that Lxnder and any other Borrower
<br />hereunder may agree to extend, modify, forbear• or make any other accommodations with regard to the term% of this
<br />Deed of Trust or the Note, without that Borrower's consent and without releasing that Borrower or modifying this Iced
<br />of Trus; as to that Borrower's interest in the Property.
<br />12. Notice. Except for aniv notice required under applicable law to be given in another manner, (a) any notice to
<br />r Borrower provided for in this Deed of Trust shall be given by delivering it or by mailing such notice by certified mail
<br />r addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender
<br />as provided herein, and (h) 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 by notice to Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />13. Governing Law; Seyerability. The state and local laws applicable to this Deed of Trust shall be the laws of the
<br />jurisdiction in which the Property is located. 'The foregoing sentence shall not limit the applicability of Federal law to
<br />this Deed of Trust. In the event that any 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 or the Note which can be given effect without the
<br />conflicting provision, and to this end the provisions of this Deed of Trust and the Note are declared to be severable. As
<br />used herein, "ccxts ". "expenses" and "attorneys' fees" include all Sums to the extent not prohibited by applicable law or
<br />limited herein.
<br />14. Borrower's Copy. Borrower shall be furnished a confirmed copy of the Note and of this Deed of Trust at the
<br />time of execution or after recordation hereof.
<br />15. ReiabiKtatian loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home rehabilita-
<br />tion, improvement. repair or other loan agreement which Borrower enter into with Lender. Lender, at Lender's option,
<br />may require Borrower to execute and deliver to lender. in a form acceptable to Lender, an assignment of any rights.
<br />claims tit a
<br />defenses which Borrower my have against 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 (a) the creation of a lien or encumbrance subordinate to this Deed of Trust, 1b) a transfer by devise. descent. or
<br />by operation of law upon the death of a joint tenant. or (cl tilt• grant of any leasehold interest of three years or less not
<br />containing an option to purchase. Borrower shalt cauee to he submitted information required by Lender to evaluate the
<br />transferee as if a new loan were being made to the transferee. Borrower will continue to be obligated under the Notc and
<br />this Deed of Trust unless Lender releases Borrower in writing.
<br />If Lender, on the basis of any information obtained regarding the transferee. rcasonabby determines that F_endcr's
<br />security mar be impaired, or that there is an unacceptable likelihood of a breach of anv cotenant or agreement in this
<br />feed of Trust. or if the required information is not submitted. lender may declare all of the sums secured by this lh d
<br />of Trust to he immediately due and payable. If Lender exercises such option to accelerate. Lender shall mail Borrower
<br />notice of acceleration in accordance with paragraph 12 hereof. Such notice shall provide it period of not less than .111 days
<br />from the date the notice is mailed or delivered within which Bnrrotyer may pay the sums declared due. If Borrower tails
<br />to pay such sums prior to the expiration of such period. Lender maw• without further notice or demand on f3orrnwer.
<br />invoke any remedies permined by paragraph I hereof.
<br />IVON- U%lWRM COVFNAN I S. Borro•.vcr and Lender further covenant and agree as ti,llows:
<br />17. Acceleration; Remedies. Except as provided in paragraph 16 hereof, upon Borrower's breach of ant covenant
<br />or altreemeot of Borrower in this Deed of Trust, including Borrower's failure to pay, by the end of Ill calendar dats after
<br />thet are due, any sums secured by this Deed of Trust. Lender prior to acceleration shall gore notice to Borrower as
<br />prodded in paragraph 12 hereof specifying: ll I the breach; (21 the action required to cure such breach; 13) a date, not
<br />less than 2U days from the date the notice is mailed to Borrower, by which such breach must be cured; and (31 that
<br />failure to rare such breach on or before the date specified in the notice may result in acceleration of the sums secured by
<br />ibis Deed of Trust and sate of the Property. The notice shall further inform Borrower of the right to reinstate after
<br />acceleration and the right to bring a court action to assert the nonexistence of a default or an other defense of Borrower
<br />to acceleration and sak. If the breach is not cured on or before the date specified in the notice, Lender, at Lender's
<br />option. may declare all of the sums secured by this Deed of Trust to be immediately due and payable without further
<br />demand and may invoke the power of We and any other remedies permitted by applicable law. fender shall be entitled
<br />to collect all reasonable costs and espemes incurred In pursuing the remedies provided in this paragraph 17, including,
<br />btu not limited to, reasonable attorneys' fees.
<br />If the power of sak is Invoked, Trustee shall record a notice of default in each count± in which the Property or some
<br />part thereof Is located and shall mail copies of such notice In The manner prescribed by applicable law to Borrower and
<br />to the other persons prescribed by applicable law. After the lapse of such time as may be required by applicable law,
<br />Trustee shill give public notice of safe to the persons and in the manner prescribed bt applicable law. Trustee, without
<br />dtlnmd w Borrower, shall sell the Ptreperty at prthlic auction to the highest bidder at the time and place and under the
<br />fawns desigtated In the notice of tuck in one or morn parcels and in such order as Trustee may determine. Trustee ma►
<br />postpone yak of all Of anv parcel of the Property by public announcement at the time and place of any previously
<br />sclsedtthrl sale. Leader or Leader's designee may purchase the Property at an sale.
<br />l:pon rtretipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conteying the
<br />property sold. The recitals in the Trustee's deed shall be prim facie evidence of the truth of the statements made
<br />derein. Trustee shah apply the proceeds of the sale in the following order: jai to all reasonable costs and expenses of the
<br />yak. Including, but not limited to, Trustee's fees actually incurred of net more than ..... . ....... % of the gross we
<br />Prim, reasonable attorneys' tees and costs of tide evidence; (bus to all sutm secured by thiv Deed of Trust; and Ic l the ex-
<br />cess, R ray, to tie person or persons legally entitled thereto.
<br />16. Norrower's Rust to Reinstate. Notwithstanding Lender's acceleration of Cite sums secured by this Lhed of
<br />Trust, due to Borrower's breach, Borrower shall have the right to have any proceedings beetle, he F_rndcr to enforce tilts
<br />Deed of Trust discontinued at any rime prior to the earlier to occur of ii) the fifth day tiwlorc the sale ,,t the Propa•rty
<br />pursuant to the power act sale contained in this Deed of Trust or (it) cntry of a Judgment cnforcine this Deed of 3 rust it'
<br />{ gal Borrower pays Cruder all sums which would f,v then due under this Ihed of Trust :end the Note ftad n„ aecelcratlon
<br />D— occurred. th) Borrower cures all breaches of any other cnrenants or agreernerus t,f Burrower c,+ntainr,f in thss
<br />'trust: !c) Burrower pays all reasonable expensss incurred 6% Lender anll fr'rtetee Ill file co%enmll% and
<br />agreements n1 Bormw6vt cclntdinccl in this teed of'l rust and in enforcing; Lender*% and 1 ru tee'; reined ;es is pro+u)cel ir.
<br />Iaragraph 1' hrrevl. inc!u,iinpt, but not limited to. reasonable- atlornc>s' h•cs; ar.,f 4f) F3r,r.,,i.er t::kc, ,ueh selnm a•.
<br />Lender oaf eras rrla ??ls rryutra to ,S�ury ilia! the lien <,f rills Ihcd of trust'. ! t'nift': s r s, ;
<br />Pnevrlq,
<br />F3vrroarr's .K ls,�x. „n •.> lla !h€ ;act .s sr,:ured hw thr. Dh ed :.1 )rust shy r i n :aaitl:!la t 4
<br />Bcr..,wtr llu, lie •.l :d lf-wo and the o }r6g:I i,_t„ ,. c,a.,,l hen t t .h,,'i ,.,;.,nu ::, f,o,, ,
<br />elt6Clt[A ?at YS hail f �l{f t. cat l- •.
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