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<br />not personally liable on the Note or under this Deed of Trust, and (c) agrees that Lender and any other Borrower
<br />hereunder may agree to extend, modify, forbeaz, or make any other accommodations with regazd to the terms of this
<br />Deed of Trust or the Note, without that Borrower's 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 law to be given in another manner, (aD arty notice to
<br />Borrrnver provided focin this Deed of Trust shall.6e given by delivering it or bgmailing such notice by certified mail
<br />adtlressed.to Borrower at the Property Address or at such other address as.Bortower may designate by notice to Leader
<br />as provided herein.. and (b) any nodceio Lender shall be given by certified mail to Lenderi address stated herein or Yo
<br />such other address as lznder may designatrby.notice to Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust shalt be deemed to have been given to Borrower or Lender when given in the:manner designated herein.
<br />13. Gmerntng Lawl SererabWty. The state and local laws applicable to this Deed of Trust shall be the laws of the
<br />}trrisdiction %n which the Property is located. The foregoing sentence shall not I'unit the applicability of Federal law to
<br />this Deed. of Trust. In the event. that any prevision or clause of this Deed of Trust of the Note rnnflicts with applicable
<br />law, such rnnflicCShall not affecrother provisions of this Deed of Trust or the Note which can be given effeM without The
<br />rnnflicting provision, and to this end the provisions of this Deed of Trust and the Note are declared to be severable. As
<br />used herein., "costs", "expenses" and "attorneys' fees" include all sums to the. extent not prohibited by applicable law or
<br />limited herein.
<br />I4. Borrower's Copy. Borrower shall be furnished a rnnformed wpy of the Note and of this Deed of Trust of the
<br />time of execution or after rernrdation hereof.
<br />15. RehahNtsttlon Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home rehabilita-
<br />tion, improvement, apair or other loan agreement which Borrower enters into with Lendcr. Lender, at L,ender'soption,
<br />may require Borrower to execute and deliver to Lender, in a form acceptable to Lender, an assignment of any rights.
<br />claims ordefenses which Borrower may have against parties who supply labor, materials or services in connection with
<br />improvements made to the Property.
<br />16: 1'rartdaof thrPmPeetr Aa~pfos. ~ If all or. any part of the Property oz an interest
<br />thessin is sold cr transferred by Borsorer without Lender's prior written consent,
<br />excludes (a) the creation of a lien oz encumbrance subordinate to this Deed of
<br />Trudt, (6) the citation of a purchase money. ascurity interest for household appli-
<br />antes oz (c) a transfer_by dwise, descent oz by operauoe of law upon.. the death og
<br />a joint tenant, Lender may, at Lender's opption, declare all_the sues: secured by this
<br />Deed o! Trust_ to be iismediately due and payable. Lender shall have waived such
<br />ooQpti.on to accelerate if, prior to the sale oz transfer, Lender and the person to
<br />wheat the Pcopertp' is to be sold or ransferred reach agreeaent in writing that the
<br />credit of such person is satisfactory to Lender and that- the interest payable an the
<br />silos secured by, his Deed of Trust shall be at such rate as Lender.. shall request.
<br />Zf.Lender exercises ouch oction to accelorate, Lender shall toail Borrower notice of
<br />acceleration in accordance with paragraph 12_hereof. Such notice shall provide a
<br />period of riot less than' 30 deryys , from the date the notice is mailed or delivered.
<br />within which Hot:rorer may pay the corps declared due.. If Borrower fails to pax such
<br />suers' priot. to the etcpiration o! such period, Lender .may,. wi bout further not>,t:e or
<br />demand: on Borrower, invoke: any remsdi:es;permitted by paragraph 17 hereof.
<br />NON-UNIFOttM COVErtpn'I's. Borrowerand I,endetfttrther covenant and agree as follows:
<br />17. Accekratioo; Remedies. Eiceptas provided In paragraph 16 hereof, upon Borrower's breach of any covenant
<br />orasreemeut of Borrower is this Deed of Trost, i~ladiog Borrower's failtrre to pay, by the end of 10 cdendazdays after
<br />they are dw, soy-.lams secured by this Deed of Trnat, I,eoder prior io acceleratlon shall give-notice to Borrower as
<br />proHded is paragraph 12 hereof spedfyings (1) thebteach; (2) the actlogregnired to care such breach; (3} a date, not
<br />Iess+than 20 days from the date the aotltx is matkd to Borrower, by ivhich snch brear6 mmt be cared; asd (4! that
<br />fatlore to care oath breach os orbefore the date species the notltt ma result. in actt)eratlon of the sums secured by
<br />thb Deed oGTrast end sale of the Property. The no r of the. right to reinstate after
<br />acceleration and thrrightto being a court actlon to asNeti7~i~-ttoft anyother defense. of Borrower
<br />to acceieratkn sad sda.If thr breach. is sot. eared on° the notice, Lender, at bender's
<br />optlan, may declare all of the soma secured by this Deed of Trssr to,be immediately dne cud parable without. farther
<br />demand and may invoke the power of saleasd say other remedies permitted b7 applicable law. Lendershall brentitled
<br />to collect aB reawnabk costs aced expesses iacorred In pannlog theremedka provided iu this paragraph 17, Including,
<br />bat. ~rlhoited to, ieasosabk attorneys' fns.
<br />If the power oisaleis invoked, Trmtee shall record anotMe of default [n each county in which the Property or same
<br />part. thereof is located and shall mail copies;of sack: sotlce in the manser prescribed by applicable [aw to Borrower and
<br />to theother peeaom prescribed h~-appBcahle law. After tlse lapse oEsuch time as may be ngaired by applicable law,
<br />Trwtee shall give pabilc notlce of sak to the penonaand in the moaner.. prescribed by app)icable law. Trustee, without
<br />demand on Borrower, shall sell the Prnperly at pablicastctlon to the hlghest:bidder atthc tlmrsnd place aced under-the:
<br />terms: designated (s the notice of sale in one or morn parceb and is such order as Trustee may determine. Trustee may
<br />pestptttx sale of all or asy parcd.of the Property by Public announecment at the time sad place of any previously
<br />scheduled sale. Lender or I,ender'a designee may purchase thrProperty at any sale.
<br />Upoe receipt of payment of the pries bid, Trmtee shatl deliver te:the purchaser Trustee's deed conveying. the
<br />Pesperry sold. The recitals in the Trustee's deed shall be prima facie evidence of thr truth of the statements made
<br />therein. Trastes ahaB apply the proceeds of the sale in thefoBowing order: (a) to all reasonabk cosh and expenses of the
<br />sale, isxludhig, but not limited to, Trustee's fees actually incurred of not more Shea .. ?~ ........ % of the;gross sale
<br />price, reasooabk attorneys' fees and cosh of title eride~e; (b) to all Sams xcured by this Deed of Trost; and (c) the ea-
<br />ceas, if aey, to the penos or penans legally entitled theroto.
<br />18. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Deed of
<br />Trust, due to Boaower's breach. Borrower shall have the right to have any proceedings begun by 'Lender to enforce this
<br />Deed of Trusb,discontinued at any time prior to 4he earlier to occur of (i) the fifth day before the sale of [he Property
<br />pursuant to the powerof sale contained in this Deed of Trust or (ii) entry of a judgment enforcing this Deed of Trust if:
<br />(aTBonowetpays Lender all sums which would be then due under this Deed of Trust and the Note had no acceleration
<br />"' occurred; (b) Borrowercures all breaches of any other covenants or agteemenis of Borrower contained in this Deed of
<br />Trust; (c) Borrower pays. all reasonable expenses incurred by Lender and Trusiee in enforcing the covenants and
<br />'agreements of Borrower contained in4his Deed of Trust and in enforcing Lender's and Trustee°s remedies as provided in
<br />paragraph llhereof, including, but not limited to, reasonable attorneys' fees; and (d) Borrower takes such aetian as
<br />bender may reasonably. require to assure thak the lien of this Deed of Trust. Lender's interest in the Property and
<br />` Borrower's obligation to pay the sums secured by this Dedd of Trust shat; continue unimpaired. Upon such payment and
<br />cure by Borrower, this lleed of Trust and the obligations secured hereby shall remain in full force sad effect as if no
<br />acceleration had occurred. '
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