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<br /> 200908584
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<br /> 7: ,Protection of Lendeer's>Securlty., If Borrower fails to perform the covenants and agreements contained,in this
<br /> Deed of Trust, or if"any~action,or:.procecding: is commenced which materially affects Lender's interest in the:P.,roperty,
<br /> then Lender, at Lender's option; upon notice to Borrower may make such .appeaminces disburse such sums,;-including
<br /> reasonable .-attorneys'. fees' .:and take such. action as is n:ecessary,,.to::protect Lendor,'s:;~interest. If, Lender. required
<br /> mortgage insurance; as a condition -of making the loan-.secured: by this.,,Deed;of-Trust, Borrower, shall pay-the premiums
<br /> required to, rp'aintain:such :insurance ini,effect until such time,as,Jh,a rr".equirement fbr such insurance terminates in
<br /> and 's; byLLender., urrstuantgko thisntara paliha~lewi h? intere"st3,thereon, at the.
<br /> Any ~ p g p Nate rate; shall
<br /> acc Ann ountss.,d bused
<br /> become:-additional indebtedness of,Borrowersecured ~bythis,,:Deed of TrusL,Unless»Borroweran.d Lender:"agreeto other
<br /> terms of'payrnent,.sucf :amourit5r,sh4ll;-be:,payable upbn notice r,9m-=Lender to:,Borrower:::regiJesting.ipayrment thereof.
<br /> Nothing;contained in "ahis paragraph~,7 shall require Lender:~to incur any; expense ors take any action hereunder
<br /> 8.,i - In$:pdctign sLendencmay maker.or cause to be made,reasonable:entnes upon arid. inspection. s of the Property;
<br /> provid.edi,:that Lender'. shall give;,Borrower notice priorAo:any. :such;inspection specifying reasonable, cause therefor
<br /> related to Lender's ,interest,,in: the Property,
<br /> 9. i.,C:ondemn'ation. The..proceeds of any award or".,claim,for damages, direct or consequential, in connection with
<br /> any condemnation Orr ot(1er "taking: of the., P..roRerty,' or i-part°th-ereof, or .for conveyance in lieu of condem- nation; are
<br /> hereby assigned and shall be paid to Lender, subject to the terms of any,, mortgagei :.deed of trust or other"security
<br /> agreement with; a lien which: has priority over this-Deed of~Trust:
<br /> 1.p:. i3orcQwerN. of F3eteased; Forbearance By :Lender .Not a: Waiver Extension, of the time for payment or
<br /> modification of^amartization of .thee sums secured: byithis"".Deed of Trust? 'gran ted by~Lender to any successor, iminterest of
<br /> Borrower. shall not:,o.p-erate to release, in ",any manner, theaiability of:the original -Borrower: and Borrower's: successors, in
<br /> interest: Lend,e'rsshallnot~be req.uired~to. camrhence,p:roceedings against„su.ch s:uccet$or or:refuse to extend time: for
<br /> payment 'oraotl ,erwise modify amo.'rtization: of:the ~sumsi.secutod .by .this Dedd of: Trust•by reason of any :demand made
<br /> by,!the'original iporrower,and B:.orrower.'s:suecessor,s in,Jnterest. Any forb"earonce,~ity Lender=in,exercising any<right.or
<br /> remedy-,hereunder; or~°catf erwise afforded :by.,appiicable, law; :shall not, .be a waiver of:or preclude the,exercise of any
<br /> such right or remedy.
<br /> 11 . Sudcessors.":and Assig:n's: Bound; Joint an'd Several Liability; Co signers ,The covenants .and agreements
<br /> herein cgntain.ed shall bind, and,>the:rights=hereunder, shall inure to the nes,pective` successors and "assigns of~Lehder
<br /> and Borrower,=subject to.:.the provisionsk~;;of paragraph X16 hereof All licovenants;: and agreements of Borrower; >shall `be
<br /> joint and .several Any,Borrower who cosigns,thi$ Deed of Trust, but does: not 6xgcut&..the'Note, (a) is co signing this
<br /> Deedsof Trust;only ta,,gtant,~,and conveydthat. Borrower's,interest in. itha. Property to Trustee under the terms of Chic Deed.
<br /> of Trust; (b) is not ip'ersonally liable: on3the:,~Note or under this !Deed:+offi Trust; Land (c) agrees''that Lender and- any ,other
<br /> Borrower :hereunder, may agree to extend,; modify; forbaar, or make "an~ other accommodations. with regard to.thedterms
<br /> of3this,,:Deed of Trus:t~orthe:Note,-without that"Borrower's consent and without,releashig that Borrower:or modifying#his
<br /> Deed eof Trust as td that Borrower's anter:.est in the Property.:
<br /> 4.2' Notice Except for~any~notico "requ'ired, under applicable law: to be given in another manner, (.a) any notice.to.
<br /> Borrower pr:,ovided; for in''this Dee& of'Trust;shall be given by, delivering- -it or: by °mailing. such notice, by certified "mail
<br /> addreased..to, Borrower at the Property, Address ,or ate such other address as Borrower may designate by notice" to
<br /> Lender as provided herein;. and (b) any, notice .to Lender shall be glven.by. certified mail to:,Lender's"address: stated
<br /> herein-or_ to such-other .address. as Lender may,. designate itiy'notice to Borrower as Provided herein.. Any, notice- provided
<br /> for, in.=this Deed. of Trust shall ` be deemed to :have:: been.: given to. Borrower or, Lender, when given in the "'manner
<br /> designateo,h.erein.;
<br /> I Goyerning Law; Severability. The state and,local' laws applicable to this Deed :of Trust shall be the laws of
<br /> the iunsdictidn 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.shallinot affect°'otherprovisions:of this,Dieed;"of Trustor.:the Note, whichr=can be-given.effectwithout the
<br /> conflicting provision :and to this" end the.,.p'rovisions,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 /> 14: Borr,.ower's Copy. Borrower "shall "be furnished a conformed; copy of,the Note •and of this Deed, of Trustat the
<br /> time-of, executign or::after recordation hereof.
<br /> 15.:. Rehabilitatidn- Loan Agreement: Borrower shall fulfill all . of Borrower's obligations under any :home
<br /> rehabilitation, improvement;' repair, or other loan agreement which Borrower " enters into with Lender. Lender, at
<br /> Lender's option;. may require Borrower to:.execute and deliver. to Lender, in a form acceptable to Lender, an assignment
<br /> of any rights, claims or defenses which Borrower may have-:against. parties: who supply labor, materials or services in
<br /> connection with. improvements made to the Property.
<br /> '.;1,6. Transfer. of. Property or:a Beneficial Interest Im Borrower:- if all or` any part of .the Property or any interest in
<br /> it1s s:old:or transferred (or, if a beneficial interest:in:Borrower:is-sold'or transferred..an&B'orrower.is.not a natural person)
<br /> without Lender's prior writtewconsent, Lender may,'at its optioni require immediate' payment infull 'of all sums secured
<br /> by this{Deed,of Trust, However, this option shall not be:exercised by.Lender if exercise.>is prohibited by federal law as of
<br /> the °date of this Deed of Trust.
<br /> If~Lender exercises this option, Lender shall give Borrower: notice: of acceleration. The notice shall provide a period
<br /> of not less than 30 days from the date the notice is delivered or mail.ed:.within which Borrower must pay r
<br /> ENE204 revised 1012001 (LASER) 6849LL
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