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<br />a3-tJ04199
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<br />nol personally liable on the Note or under this Deed of Trust, and (e) agrees that Lender and any other Borrower
<br />hereunder may agree to extend, modify, forbear, or make, any other accommodations wilh regard 10 the terms of Ihis
<br />{>ecd of Trust or Ihe Note, wilhoul that Borrower\ consent and without releasing thai Borrower or modifying this Dced
<br />ofTrusl as 10 that Borrower's interest inlhe Property.
<br />12, NOI/ee. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br />Borrower provided for in this Deed of Trust shall be given by delivering it or by mailing such notice by certified mail
<br />addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender
<br />as pr<wided herein, and (b) any notice 10 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. GO\'entlnll La.., Severabillt,. The state and local laws applicable to this Deed of Trust shall"" the laws of the
<br />jurisdiction in which the Property is located. The roregoing sentence shall not limit the applicability of Federal law to
<br />this Deed of Trust. In the event thai any provision or clause or this De<<l of Trust or Ihe Note conflicts with applicable
<br />law. such conl1iet shall not alTect other provisions or this Deed of Trust or the Note which can be given effect without the
<br />conflicting pr!Wision, and to Ihis end the provisions of this Deed of Trust and the Note arc declared to be severable. As
<br />used herein, "~'OSts". "expenses" and "altorneys' fees" include all sums to the extent not prohibited by applicable law or
<br />limited her",in.
<br />14. Be....ewer.. Copy. Borrower shall be furnished a l'Onformed l,{'PY of the Note and of this Deed or Trust at the
<br />time of execulion or sher rCl'nrdation hereof.
<br />15. Rehabllltatlon Loan AgrHment. Borrower shall fulfill all of Borrower's obligalions under any home rehabilila-
<br />tion. improvement. repair or olher loan ltg'eemenl which Borrower enters into wilh Lender. Lender. ltl Lender's oplion.
<br />may require Borro"",,r 10 execute and deliver to Lender. in a form acceplable to Lender. an assignment of any rigbts,
<br />claims or defenses which Borrower may have against parlies who supply labor, materials or services in conneclion with
<br />impro'tenK"f\l> made 10 the Properly.
<br />16. T......u of the Propet1y, If Borrower sells or transfers all or any parI of Ihe Property or an interest therein,
<br />exeluding ia) the creation of a lien or encllmbrance subordinale to this need of TruSI, (b) a transfer by devise. descenl. or
<br />by operation or law upon the dealh of a joint tetlallt. or (dlhe grant of any leasehold illleresl of Ihree years or less not
<br />l'Olllaining an option to purchase. Borrower shall cause 10 be subm'lIed informallon required by Lender to evaluale the
<br />transferee '" if a lit:'" !um. were heing made 10 the transreree. Borrower will continue to be obligated under the Nore and
<br />this Deed of Trust unles.s Lender releases Borrower in writing.
<br />If /...end.". on the basis of any information obtained regarding the transteree. reasonably determines that Lender's
<br />security may he impaired. or Ihat (here is an unacceptable likelihood of a bN:ach of any l'Qvenant or agreement in this
<br />Deed of Trust. or if the required informatitm is not submitted, Lender ma)' declare all of Ihe slims sceured by this Deed
<br />of Tr~1 t" he immo:diatd)' due and paY<lble, If lender cserct\t" sueh opllon II) aCl'Cleratc. Lender shall mail Bormwer
<br />nolice of a~...'Cleration in ;,w"fdiln<< with p..ragraph 12 hereof. Such nolice shall pr""ide a pertod of not less than .JO days
<br />from the dale the notke is maik'<l or delivered within which Borrower may pay tlte ,ums declared due. If Borrower hils
<br />to pay ,ul'h ."nu prior to the upirAlion of sucb periud, Lender may, without further notice or demand on Borrower.
<br />in'fuk.e any remo:dies permitted by paragraph 17 hereof.
<br />NQN-UNII'OllM COVENANfS, Borrower and l.ender runher covenant and agree a, follows;
<br />17. A~(""'t R-.IHa. E'cq>l.. "",.lded 1ft paf1l&""", II> bereo!, upotl Borrowe.... breach of any c".enant
<br />or ac-I of lI....tower i.. Ih!. Deed of Tnal, lItel""., Borto_'. faU_ &0 ...." by lbe e..... of 10 e.leAdar day. aIlet-
<br />lbey - dlR, I14Y .- _ed by thia Deed of T......, Laader prior to ......'derallon dsaU ,Ioe nolice Iu Borrower lIS
<br />pnMkIed lft ~ 13 herM{ .peel"I..., (Ij lbe breach; (21 the lK'1lon fflIulred to o:ure .uch b.......b; (31 . dale, nut
<br />leu lhaa lO .,. from dw dau. the ....Ikt is IIlIIlJcd h> Bono_. by ..bleb .ucb bn",," au...1 be cured; and (41.lh.1
<br />failare 10 cure such ~ 0lI Of lMf_ the dau. specified In lhe ootio:e ....y reaillt ... .e....Uoa of the .,,_ ~ured by
<br />thla Deed of Tnal ...... uk of Ihe Properl!. Tbe DOlke dsaU furtbu laf_ Borroftl' ef the rlahl h> relmlale aft<<
<br />~ and the riaJu to b...... a'_I adlon to _t the _.bteoo:e of a default or aD! OIbu dele_ or Borrower
<br />to acceIenUlom and We. If the brad. b It&I cured 0lI or before the dau. .,.IUed ... the nollcc, Lende.., at Lender',
<br />eplltm, -1 d\!dan. aU of the s_ _ured by IhlI Deed of TlIIIOtlo be l_dlalcly dlR and pa,able wllhout f"tlbet
<br />....... aad -y In.. Ihoe po..... of ..u. _01 "'1 ..u.. re-.ae. ......m1tted by applicable law. Lender shall be enlltled
<br />10 co8edllll -...able com .........~ inc....red iD punuln& Ihe ~ pm.1ded iD tbla paraezaph 17, Ineludia"
<br />b1It IIOllillllf.ed to, -aM at~' f_.
<br />< If the po-.. of... b ....oked, T...1ee sbajl""",cd a aolk,., of deCa!llt ia eao:h COWl, In ...!okh lhe Properly ur lUlDe
<br />pan IiMRof . located and Ihall IlNtJl ropier. of ... aoUee ... !be _oer preIICrlbed b, applicable law 10 Burruwer and
<br />10 the..... ~ ~!O, appI&c.ble la.... Afte.r the lapH of $lWh lime.. m.y be fflIWred by .pplkable law,
<br />Trwlee.w ... pubJk noticIl of _10 tbe peftOIK lUid ... the manlWr prescribed by appIkabJe la... Truslec, wlthoul
<br />~ on Btttto",et', dlall sell the ....111 at public .ac!tlla 10 Ihoe hicheat bidder at the time and pI....e and under the
<br />..... ~ la Ihoe IIOtke of MIe lft - or _re patttols ...... IB ......h ordet.. Trustee may ddermlne. Trullee ma~
<br />~. ... of all Ol' -, parcel of tbe f'r00pert, by public ltABOIIQ("'menl at the u- ....d pl~ of lUll predousl,
<br />~.,.. Lea_.... Leader.. daI&nee _y pUttbate the Pnopert, at anI ....e.
<br />Upoa -'PI of ,.,_t oflbe price bid, T...1ee .hall deJher to the pwcb&Jer Trns!ee'. deed .....nve'inll the
<br />'19jlIeriJ MId. TIle reel..... 10 tbe T...tec" deed dsaU be prima facie ev!deiK,., Qf the lruth or lhe .tat_eol5 malle
<br />lherda. T.....w .appijlhoe pru<-ftda of Ihoe SII!e ia the foll_lnll: order: Uti I.. all reuoaabIe COIls and eltpeJI$t$ "I' tbe
<br />-. ~.b" - llalted to, t...tec't tea adva!ly incurred of 001 more than ........,.... % or tbe aruM .ale
<br />~. ....!I!'I...a~' '- aad COlIs of IItk e.lOence; (hj I.. .11__ seeu-.l by this l.>eed of TI'U$I; aad lei the es<
<br />...Il~.IO" penlHl or pea_ fetal., MUlled then,lu.
<br />.t. e.-..... RJ&bllO 1ldesJale. Notwithstanding Lender's a",-e!cr<l!ion of the ,urns secured by this Deed of
<br />Trust, Olle 10 Borrow.::r'" breach, Iktrruwcr m1ll1 ha." the right 10 hale any prOl.x'Cdings hegun by Lender 10 enforce thi,
<br />Pled of T~I dl$cunlinued at ally IInle prior t:o lhe earlier lu occur or tilthe fifth day before Ih.., ",Ie uf thc Prop.:rly
<br />p;ItlUallt 10 the power of sale cOlltaJned in thu. Deed "I' Trust or (iil emry of a judgment enforcing Ihis Lk<:d 0; Tru,j If
<br />illi 8lmnwet JUt;til.M'lliltt all .UlllS which "1'u1<1 be then due under Ihis Deed urTrust and thc Note h..d n" acn:leratlOn
<br />!ll;(Urrlld; l,blBorrower ~\ll'f.S ;all breaches oflllty other tt,vellants or agreemetll., of Borro...er ,olltain...d ill thIS Dt'ed of
<br />TrllSl; WI Bormwt:t p!<I~ .11 rCll.iOllll/)": upen$.\!s incurn:d by Lender <Iud Trustee in (,nro'cfflg the <,""elii'm, and
<br />.~l~ ~.8utrr:lW\:f ",mt..it!ed in dlis ~ of lhtSl and III cnlor'dng Lemler"> and Iru,t...,', fetlle,!!cs a\ pro'ldt'(! In
<br />~... 11 ftenwf. IltdlldiltJi'. bill M! limited 10. rea!it)1lahk alt"lI>"'J~' le~; and 1<1) &""\'..'e, Jakel Wdl ad.oll ,1\
<br />l4l!dltTm;iy r"..~tl;ably 11:'~"!r.: lu a~,ur" fila' tilt IIcn ..r this lke<1 .., TrU'I, t<:"der\ in":I<,'; In Ihe 1''''p':t1j ",,,'
<br />~'j ,mJi'.t~ 10 fmy1ht SUtfl$",,~'Ylt'd It, thh l)ft{! of {rust ,hall,"(>nliItUlt '''Hml",ir",l. l (pot! w,h pill.",..."1 and
<br />(!!Jtc by lWn'__t\ llUs ~ of Tnut ....0 Ihe uWiglllwn~ """ured h>l'rl:'vy Shllll rem"", lit rull rorce and en':'! ." ,f no
<br />< ~tfm ~ {>l'('UN-ed
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