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<br />not personally liable on the No[e or under this Deed of Trust, and te1 agrees that Lender and any other 8orcower
<br />_ -_ hereunder may agree to extend, modifv. forbears or make any office accommodations-with regard to the terms o!'this - - _ -
<br />Deed of Trust or The No[e, without That Borrower's consent and without releasing that Burrower or mudif}•ing this Deed
<br />of Trust as to that Borrower's interest in the Property. - - -
<br />- 12. Notice.-Ezcept for any-notice required under applicable law to be given in another manner, (a) any notice to -
<br />Borsower provided for in this Deed of Trust shalt 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 provided herein. and (b) any notice to Lender shall be givenb}• certified mail [o Lender's address stated herein or to
<br />such otheraddress 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 hate been given to Borrower or Lenderwhen given in the manner designated herein. -
<br />t3. Governing Law; Severability. The state and local laws applicable io this Deed of Trust shall be the laws-of the -
<br />.jurisdiction in which the Prcperty is located. The foregoing sentence shall not limit [he applicability-of Federal law to - -
<br />this Deed of Trust. [n the event that an_y provision or clause of this Deed of Trust or the Note conflicts with applicable
<br />law. such conFlict shall no[ affect other provisions of this Deed of Trust or the Note whicfi can he given effect without the - -
<br />conFlicting 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' tees" include all sums to the extent not prohibited by applicable law or - - -
<br />- limited herein. - - - _
<br />- - 14. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust a[ the - - - - -
<br />- time of execution or after recordation hereof. - - - - - - - -
<br />- - - - -15.- Rehabilitation Loan Agreement: Borrower hall fulfill all of Borrower's otiligations under any kome rehabilita- - - - - -
<br />[ion, improvement, repair or other loan agreement which Burrower enters into with Lender. Lender, at Lender's option, -
<br />- may require Borrower to execute and-deliver to Lender, in a E`orm acceptable to Lender: an-assignment of any rights. -
<br />claims or defenses which Borcowermay have against partieswho supply labor, materials or sen•ices in connection with
<br />- -improvements made to.the-Property. _ - - - - _ - - _- - - - _ - - - - -
<br />_ 16. Transfer of the Property. If Borrow@r sells or transfers alt orany part uftke Property or an interest-therein; - - _-
<br />excluding la) the creation of a lien or encumbrance subordinate to [his Deed of Trust. (b) a transfer by deeise. descent. or
<br />- - by operation of law upon the death of a joint tenant, or (d-the grant of any leasehold interest of three years or less not -
<br />- - --- -containing an oprionto-purchase. Borrower shall cause to be-submitted-information-required -bv-Lender to evaluate-[he. _ - _ - -- _.
<br />-transferee as if a new loan were being made to the transferee. Borrower will continue to be obligated under the Note and --- -
<br />- This Deed of "Crust unless Lender releases Borrower in writing. -
<br />- -- - -- - If Lender. on the basis-of any information obtaine8-regarding-the-transferee, reasonable-determines that Lender's - - - -
<br />security may be impaired, or tkat there is-an unacceptable likelihood of` a breach.of any covenant ur agreement to this - - - -
<br />- Deed of Trust, or iCfhe required information-is not submitted„Lender may declare all of-the sums secured b}• this Deed. - -- - -
<br />ofTrust to be immediately due and-payable. If' Lender exercises such option ro accelerate. Lender shall mail Burrower - -
<br />- - -notice of acceleration in accordance with. paragraph 12 hereof: Such notice shall provide a-period ofnotless than 30:days - - - - _ ,
<br />from-[he date the notice is mailed or delivered within which Burrower may pay the sums declareddue, if Borrower fails - - -
<br />_ to pay such sums prior to-the expiration of such period, Lender may, without furrfier..notice or demand on Borrower.
<br />- invoke any remedies permitted-b}• paragraph 17 hereof.. - - - - - - -
<br />- N_UN,-UNIFORM COVENANTS: Borrower and Lenderfur[hercuvenantand agree as Collows: - -
<br />l7: Acceleration;-Remedies': Except as provided in paragraph 16 hereof; upon Borrower's breach of any covenant `
<br />--oragreement of Burrower in this Deed of Trout, including Borrowers failure to pay, by [he end of 10 -calendar days after " - "-- --
<br />-- they arc-due, any-sums--secured,by-this-Deed of Trust, Lender-prior to-acceleration shall give notice to Borrower as - _ -.
<br />- _ -provided;in paragraph 12 hereof-spectfying:_(11 the breach; (21 _the_ action reyuired-to.cure such breach; (31 a date, not -- ~ - - ~-
<br />- -- les then-20-daysfrom dtc date the nutice_--is mailed=to Borrower, b? which`such_hreach must 6e cured; and (Al that---- -
<br />Lettuce to cure such breach un.or before the date specttied in [ht: notice may result in acceleration oCthe sums secured by _ -
<br />r.--'this Deed of Trust-and--sate of the-Rrnpertj: The-.-notice shall fuetber'inform -ROrrowcr of the-right to reinstate after'-:: _ _
<br />-:acceleration and_thcligh,Lh, bring a court action to assert the none.cistence of a default or an} uthe_rdefense of Borrower _ _ _ -
<br />to acceleration and sale. [f tke breach is not cured on or beCure the date specttied in the nutice, ]:ender: at 4ender's
<br />- option:mardeclare all -of the sums~secured by this Deed of Trusf to be-immediately due and payable without further -
<br />demand and may invoke the power-of sate and any other remedies permitted by applica6le.law. Lender shall be entitled -
<br />to collect all reasonable costs andexpenses•incurred in pursuing the remedies provided Fn this paragrapk 77, including,
<br />_ - but not timited to,reasonable attorneys' fees. - - - - - _ - _ _ _ -
<br />- [f the power of sale is invoked, Trustee shall tecerd a notice of defaultin each-county in which the Froperty.or some -,
<br />- -partthereot is-located and shall mail-copies of such notice in themannerprescribed b}'appRcahie lawto Borrower and- _ _
<br />to the other persons prescribcd~by-applicable law. After the (apse-oFsuch.time as.maybe regoIred b} applicable law, - -_ -.
<br />- -- Trustee shatl.give public notice of sale to_fhe persons.ahd lathe manner prescribed,by applicable law. Trustee: without - -
<br />demand on Borrower, shall selLthe Froperty aGpubitrauction to-the highest-bidder attire time and.placc and under the
<br />terms designated in the nutice of sale in one or more parcels and in such order as Trustee may' determine, Trustee may
<br />postpone sale of alt or any parcel of the Property by. public announcement at the time and place of am prevtouslr
<br />scheduledsale. Lender or Lender's dealguee may purchase the Pruperh at and sa-e:
<br />Upon rcoeipt bf payment; of rho price-bid, Trustee shall i{8livcr fe the purchaser 1'rustec`s deed consc}ing the.
<br />Property sold. The recitals in-the Trustee's deed shall be prima forte evidence of-the-truth uf'thc statements made
<br />therein. Trustee shall apply rho pracecds of the sale in IhefuUotving order: (sl to-all reasonable rusts and e~pemes of ttie
<br />.-sale; including, but-.not limited-to, Trustce?s fees artyally tncurred of nor more than . - - ; .. _ ., -_, vs of the_ gross sale _-_
<br />_ - - _ _ price, reasonable attorneys' fees_and costs of tlge et'idenrr; (b) to all sums secured by-tkts_ Aced u['1'rust; and fe) the es-
<br />cess, iLany, to the person or persons legally t:ntitlod thereto.
<br />I8. littrrowcr's' Right to_ Reinstate, Niuwithstandng Lctrdcr'+ acrclrr;u inn „I' the -sums secured Et} this I`teed of
<br />_ - ---TrusQ-due-to Borrower'e breach; BurruwerabaU have--the right tu-havs-;uty Pt'ecuoding> begun b}• [.ender 4~ enlixce thn -_- - - --
<br />Deed of "Crust discontinued at any time prior to tfir earlier to [cur oC[ir the.tiFi'h day before the side 'of the-Prupeny
<br />- -- p -- -- p- - -~ - ulentry *f-ijudgm--tuenlortitigtli+.llE4~ifoflrusttt;----
<br />_ ursuant to the ewer uFrile contameci-in this eked i+F'F'rust or ~l`~ ~- -
<br />. (alBorstiwvr pa}•s Linder all-shins which would he then due underthis Dee-d ufTrust-aud the Nutrtiad no acccloratinn -
<br />- ,xeurred; lb) Borrower cures nil breaches ofaoy-other covenants or agreenteals of Borco_wcc eontaitictl in Chic Dead of _ -
<br />Trust; (e t, Burrower pay's :ell reasonat?tc expenses incurred by Lcndec and "truster in enfureing the c(?c,ciiants and -
<br />. agrcctttc.iits of`.Borruwcrciuttuined-ia[his. Deed ol:.7 rust.;titd incnktrung.Lendcr'sand_1:wstcr:'s.r¢ntc.t '+as.prgudc,l n.',_,- __
<br />- p.ua~raph ty hereof, includutg, but oat lirniteil -ta, rtasotiahlp~attr,rne-ys' Rtes; sett 4d) Borrower{ 4.a 4.uc suett act.an ,ts -
<br />--- Lender coati reti~un;ibly CCquii$.~, eY~iiri that Ike lien , i+his--fSet-d ni_rl Ftict. te~~J,~+-. ~..r:,C-tu [ka Piap d, _ina. "- -
<br />F3e,rrower's nbfig:q inp u', pa}~ theauo~a u`<urod-by thds Uecc1 ~,f fnrs[.h.il Leunnnuutvr.+m f. ~~ C Ith;r st 1':!ym ~r(t ana =
<br />r,`u re h,° B~ +'u"cr, thin -eked +~,{ fni+i and the uttliq,,t ~~ n, ~r<4rtd t. rit,,, deat,'etn-d+~ tlarc• ,i , tlrti ,ie iE-u.+ -
<br />..--_ in.,ci,-r.,ii,m had fn:currrd.-----.-" -`. -:-_. ,_- ___ _. _._,_ .--
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