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83-004217 not personally liable on the Note or under this Deed of Trust, and (c) agrees that Lender and any other Borrower hereunder may agree to cxtend, modify, forbear, or make any other accommodations with regard to the terms of this Deed of Trust or the Note, without that Borrower's consent and without releasing that Borrower or modifying this Deed of Trust as to thaI Borrower's interest in thc Property. 12. Notice. Except for any notice reqoired under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Deed of Trust shall be given by delivering it or by mailing such notice by certified mail addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by certitied mail to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Deed of Trust shall be decmed to have been given to Borrower or Lender when given in the manner designated herein. 13. Governing Law; Severability. The state and local laws applicable to this Deed of Trust shall be the laws of the jurisdiction in which the Property is located, The foregoing sentence shall not limit the applicability of Federallaw to this Deed of Trust. In the event that any provision or clause of this Deed of Trust or the Note conflicts with applicable law. such conflict shall not affect other provisions of this Deed of Trust or the Note which can be given effect without the contlicting provision, and to this end the provisions of this Deed of Trust and the Note are declared to be severable. As used herein, "costs". "cxpenses" and "attorneys' fees" include all sums to the extent not prohibited by applicable' law or limited herein. 14. BOrrower's Copy. Borrower .hall be furnished a con!(,rmed copy of the Note and of this Deed of Trust at the time of execution or after record at ion hereof. 15. Rehabilitation Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home rehabilita- tion, improvement, repair or other loan agreement which Borrower enters into with Lender. Lender, at Lender's option. may require Borrower to execute and deliver to Lender, in a form acceptable to Lender. an assignment of any rights, claims or defenses which Borrower may have against parties who supply labor, materials or services in connection with improvements made to the Property. 16. Transfer of 1he. Property. If Borrower sells or transfers .all or any part of the Property or an interest therein. excluding (a) the creal10n of a lien or encumbrance subordinate to this Deed of Trust, (b) a transter by devise, descent, or by operation of law upon the death of a joint tenant, or (e) the grant of any leasehold interest of three years or less not containin I!!LQPtipnto.purchase,'~rrower shall cause to be submitted information required by Lender to evaluate the tr~' .6l'lI@WlJ6' . made to the transferee. Borrower will continue to be obligated under the Note and this ',ases Borrower in writing. l I. . ..alll'~ilformation obtained regarding the transferee. reasonablv determines that Lender's sec~;itY;ay be impaired, or that there is an unacceptable likelihood of a breach of any co;enant or agreement in this Deed of Trust. or if the required information is not submitted. Lender may declare all of the sums secured by this Deed of Trust to be immediately due and payable. If Lender exercises such option to accelerate. Lender shall mail Borrower notice of acceleration in accordance with paragraph 12 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed or delivered within which Borrower may pay the snms declared due. If Borrower fails to pay su<:h sums prior to the expiration of su<:h period, Lender may, without further notice or demand on Borrower, invoke any remedies permitted by paragraph 17 hereo!: NON,UNlfORM COVENANTS, Borrower and Lender further covenant and agree as follows: 17. Al't:eleration; Remed1el. I':xeept .... provided in parqraph 16 hereof, upon Borrower's breacb of any eovenlU1t or agreement of Borrower ill tbil Deed of Trw;t, indudlngBon-Ower's fallu.te to pay, by tbe end of 10 calendar days after tbe,y lU'e due, any sums seew:ed by this Deed of Trust, Lender priol' to acceleration shall give notice to Borrower 8ll pnnided In paragraph 12 hereofspeclfylng. IU tbe breaeb; (2) tbe action required to cure such breacb; (3) a date, not 1_ tban 20 days from the date the notice iB mailed to Borrower, by ..bk.... sucb breach must be cured; and (4) that failU(e to cure sucb breach on or before tbe date specifled In tbe notice may result In acceleratlon of tbe sums secured by tbis Deed of Trust and sale of the Property, The notree sball further inform Borrower of tbe right to reinstate after aceeleration and the rlgbt to bring a l"Oun action to -n the nonexlsteace of a default or any other defense of Borrower to ae~atio.. and sale. If tbe breach iB not cured OD or before tbe date s~1fIed In the notice, Lender, at Lender's o~on, may declare all of the sums secured by tbis need of Truat to be Immediately due and payable wltbout further ~d audmay invoke the power of sale aud auy other remedIea pennitted by applicable law. Lendeuhall be entitled to collect JIll tea$ooable coats and upe_ incurred In p~1I111& the remedla provided In tbls paragraph 17, Including, bUI not lu.lted to, reasonableattomeys' f_, If the po_rof _.15 in~okecl, Trw;1ee shall rewrd a notice of default In each {:Gllnty in which the Property or some parttbereof Is located and shall mail {:Gp/es of sucb notice In the manner preserlbed by applicable law to Borrower and to the otber~.... plWCnbed by applicable Iaw.Artertbe Iapse,of such tUne as 1Ra;l'. bel'Cqulred by applicable law, 'frw!teesba1l ghe.pubIie notice of _ to the penoas and In the IIUUlner. prescrIbed b, applicable law. TrlI8tee,. without demand 011 Borrower, sball well the PNpert.J at publle allCtloa to the ~t bidder at the time and place and under the ~ ~eci_iu the notk-e.uf sale h. Ga~ or more pcn:e!s a.ed in such order as Trustee IP-AY de~m1ne.. Trustee may ~1p'HIIL~.otal1oran, paReI of tbeP....peI1, by public annoUDcement at the time and place of any pre.iously 8C~Well... Len.r or Lender's designee may purcbase .theProperty at any .ale. U~ nlllelpt of payment of t.bc pdce bid, Trw;t.ee sball deliver to the purchaser Trustee's deed conveying the P.opedy.S<Itd. The reeilal$ in the Trustee's deed sball he prima faeleevidence of the truth of tbe statements made theDlll. Tr~leeshall apply the prOl*lds of the _ in the following ordler. (al to all reasonable costs am! expenses of tbe _. inchl.~ btat not limited to, Trustee 'a lees al:tually incurred of aotmore than ........,.... % of the gl'OliS sale ~ ~ ..~,.' f_eel COlds of tille evt~; (b) to all iUOlS secured b, tbls J.>eed of Trust; and (c) the ex. ci!:u.If~J'. tot\lepemm or pem!usleaall, enti~ thereto. 18. ~!VIll".RJabt to ~tlUJl. NOl\l<'ithst;lnding Lender';; acceleration of the sums s~'Cured by this Deed of Trust, due. toB9rrowet's bl'Cach, Borrower sballhave the right to have any proceedings begun by Lender to enforce this ~ ofTl'USt discontinu~'t:I at any time prior to the earlier to occur of (i) the tifth day before the .ale of the f'ropert) PUl:Sua.nttothe power.of sale,'ontained in this Deed of 'frust or (ii) entry of a judgmenl enl()tdng thIS Oe..-d of Tru.t if: (a.lft(.1'rowerpaysLender all sums which would be thcn due under this Deed ('I' Trust and the Note had no acceleration (lCcutt~; (b}B9rrowcreurcs 1111 breaches. of any othercovcnl\llts or agreements of Borrower eontain~'d in th;" DCl-d 01 T~t; (1;) aottower pays all reasonable expenses incurred by Leoder and Trustee in enforcing the covenants and ~r~nts of &m-ulO'er contained jnth.is~ ofTrusl and in enforcing Lender's and Trustce \ remcdies a. provided in (!atagrli.Ph I1IM;re<'I~ including, tout nOllimited 10. reasouabie attorneys' lees; and \d) Borrower take. such action ", ~r ilillY reawllllbly r~uif\: to assure Ihat the licn of Ihis l)e,ed of Trusl. Lcnder', intercst in the Property and lkwrowtr'scobligatioll to paytbe sums ,eeur(:d by this Deed of Trust shall C<.lntinue unimpaired. Upon ,uch pa,mcn! and CUN by 8orrowllt, this Deed 0)' Trust lInd the obligations seeured hereby shall rcmiiin in iull f<>fee 'Illd effect a, if llO lIccdetllti.>tj had tlccurn-d.