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a Tr'tzt or afforded by law or equity, and may be exercised concurrently, IrKkMxrkntly or successively. 13. SUCCESSORS AND ASSIGNS BoUN)1_ JOINT AM SEVERAL LiABiLiTY CAPT i C)NS . The "covenants and agreements herein conta 1 ned sha 1 1 b I rod, aM ,he rights hereunder shall Inure to, the respective successors and assigns of Lender and Bk:)rrower, subject to ttv~ provisions of Paragraph 17 hereof. All covenants and agreements of BorraNer shall be joint and several. The captions and headings of ti-* paragraphs of this Deed of Trust are for convenience only and are not to be used to interpret or define the provisions hereof. 14. NOTICE. Except for any notice recuired under application law to be given in another manner, (,a) any notice to Borrower provided for In this Deed of Trust shall be given by mailing such notice by Certified Mail addressed to Borrower at the Property Address or at such other address as Borrower rray designate by notice to LerxJer .~s provided `iereln, and (b) any such notice to Lender shall be given by Cert'fied Mail, return receipt requested, to Lender's address stated herein, or to such other address as Lender may designate by notice to Borrower as provided iwrein. Any notice provided for In this Deed of Trust shall be deemed to hive been given to Borrower or Lender wt7en given in the manner designated herein. 15. UNIFORM DEED OF TRUST; GOVERNING LAW; SEVERABILITY. Thi::, form of Deed of Trust ccrrhlnen uniform covenants for national use and non-uniform covenants with limited variations by jurisdicticx) to constitute a uniform security instrument covering real property. In the event tha: 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 conflicting provision, and to this end the provisions of the Deed of Trust and the Note are deglared to be severable. This Deed of Trust shall be governed by all applicable Federal Horne Loan Bank Board and governmental regulations. 16. EMROWER'S COPY. Borrower shall be furnished a confr,med copy of the Note and of this Deed of. Trust at the time of execution or after recordation hereof. 11. TRANSFER OF •rHE PROPERTY;-ASSUMPTiON. If the Borrower or any successor in interest to the Property :should, without the prior written r„orinent of the Lender, sell, convey, transfer, or alienate the Property, or a,,y part thereof, or any interest t;oreln or be divested of Its title or any interest therein In any manner, whither voluntary or Involuntary, or if the Borrower or any successor in interest to the Property 1s a corporation, Partnership, or joint, venture, and more than fifty percent (504) of the ownership of the corporation, partnership, or joint venture Is, without, the prior written consent of the Lender, sold, conveyed, transferred, or alienated, either voluntarily or Involuntarily, then the Lender shall have the right at its sole option to declare any and all indebtedness or any other obligation secured hereby, immediately due and payable. Not lass than thirty (30) days prior to any sale or transfer, Borrower shall notify Lender In writing of the proposed sale or transfer and shall provide Leander with such lnformntl~in concerning the tOMIM AM corxJitlons of the sale or transfer and the creditworthiness and flnonclal condition of the proposed purchaser or transferee as Lander may reriulro. A walvor of Lenderrs option to accelerate shalt be subject to (1) the credit of the purchaser or transferee being satisfactory to the Lender; (2) an assunT)tlon foe of not leas than two percent (2%) of the then outstanding p r I nc 1 pia l balance paid to Lomde r; (3) ia5 sumpt I on of full and uncond i t I exaa 1 tlabillty on th!r Indebtedness by all purchasers or trransferoos of the property on a joint and several bastsl and (4) any other requirements rensanably necessliry to protect Lender's inters%t In the property. Any agreement regarding Lender's waiver of Its option to accelerate: must be In writing and reached prior to the date of sate or transfer. Waiver of any right grantee; to the Lender by the provisions of this parpgraph As to one transaction, event or occurrence shall not be -5-