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<br />not personail_v iia6le on the Nate or under this Deed of Trust, aad ci agrr~~s that Lender and any other Borr;s~~er
<br />hereunder may agree to eziend, modify, fvrbear. or make any other accommodautions with regard to the terms of this
<br />Deed of Trust or the Note. without that Borrower's consent and w~ithvut releasing that Borrower or modifying [leis Deal
<br />of Trust as to that Borrower's interest in the Property.
<br />I2, iKoffsm. Except for any notit~ required under applicable law to be given in anofner manner, tai any u.,: - s to
<br />Borrower provided for in this Deed of Trust shall be given by delivering it or by mai)ing such notice bq certified mail
<br />addressed to Borrower at the Property Address or at such other address as Harrower may designaze by notice to Lender
<br />as provided herein, and {b) any notice to Lender shat) be given by certified mail to Lender's address stated herein or to
<br />such other address to lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />13. Geveruhtg Law; Severabillty. The state and local laws applicable to this Deed of Trust shall be the laws of the
<br />jurisdiction 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 provisian or elaease of this Deed of Trust or the Note conflicts with applicable
<br />law, such conflict shall not affect ether provisions of this Deed of Trust or the Note which can be given effect 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 rot prohibite3lry applicable law or
<br />limited herein.
<br />14. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Died of Trust at the
<br />time of execution or after recrordation hereof.
<br />15. Rehabilitation Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home rehabilita-
<br />Eion, improvement, repair or other loan agreement which Borrower enters into with Lender Lender. at bender's option,
<br />may require Borrower to execute and delsver to Lender, in a form acceptable tv lender, an assignment of any righu.
<br />claims or defenses which Burrower may have against parties who supply labor, materials or services in connection with
<br />improvements made to the Property.
<br />16. Tramfer of the Property. If Burrower sells ar transfers all or any part of the Property or an interest therein.
<br />excluding (a) the creation of a lien or encumbrance subordinate to this Deed of Trust, (b) a transfer by devise, descent, or
<br />by operation of law upon the death of a joint tenant, or (c) the grant of any leasehold interest of three years oc less not
<br />containing an option to purchase. Borrower shall cause to be submitted information required by Lender to evaluate the
<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 Trust unless Lender releases Borrower in writing.
<br />If Lender, on the basis of any information obtained regarding the transferee, reasonably determines that Lender's
<br />security may be impaired, or that there is an unacceptable likelihood of a breach of any covenant or agreement in this
<br />Deed of Trust, or if the required information is not submitted, Lender may declare all of the sums secured by this Deed
<br />of Trust to be immediately due and payable. If Lender exercises such option to accelerate. Lender shall mail Borrower
<br />notice of acceleration in accoedance with paragraph 12 hereof. Such notice shall provide a period of not less than 30 days
<br />from the date the notice is mailed or delivered within which Borrower may pay the sums declared due. [f Borrower fails
<br />to pay such sums prior to the expiration of such period. Lender may, without further notice or demand on Borrower.
<br />invoke any remedies permitted by pazagraph 17 hereof.
<br />NON-UNIFORM COVENANTS. Botrowei and Lender further covenant and agree as follows:
<br />17. Acceleration; Remedies. Ezcspt es provided in paragraph 16 hereof, neon Borrower's breach of any covenant
<br />or agreement of Borrower in this Deed of Trost, ineludhrg Borrower's fiBare to pry, by the end of 10 calendar days after
<br />they are dne, any name seeured by this Deed of Trmct, Lender prior to ac«lerstlon shall give aotl« to Baerower as
<br />prodded in paragraph 12 hereof specifying: j1- the breach; (2) the action required to care each breach; {3) a data, not
<br />leas rhea ZO days from the date the aotl« is mailed to Borrower, by which such breach must 6e cared; and (41 that
<br />failure to cure such bresch on or befom the date specified is the notkx may read[ in accekntbn of the soma secure! by
<br />this Deed of Trust and sale of the Property. The uoti« shall further inform Harrower of the right to reinstate after
<br />action and the right to bring a roar[ actlou tv =°°°~ the noneaisten« of a d~iult or ant oiha defense of Harrower
<br />to srcekratioo sad sale. If the breach is not rated on or before tote date ap«lfied is the noticE, Lendre, :: Lender's
<br />optlon, may derhue aB of the sums secured br this Dead of Trent to be i®mediatdy dne aad Isty~e without fnctlre:
<br />demand and may inroke the power of sale and any other remedies permitted by applkabk law. Lender shall be eetltkd
<br />to collect all reasonable costs and ezpeases incurred is pursuing the rsmedks provided in this paragraph 17, indnding,
<br />bat not Bmited to, reasonable attorneys' fees.
<br />)T the power of sale k invoked, Traatee shag record a natl« of default la each county in whkh the Property or sums
<br />part thereof is located aad shag mail rnpies of sash aotl« in the manner prescribed by applicabk law to Borrower and
<br />to the other ponces prescribed by applkable law. After the lapse of arch time as may be required by applkable law,
<br />Trm/ee shall give pabBe natl« of sale to the penom and h- the manner prescribed by appllcabk law. Trustee, without
<br />demand oa Borrower, shall sell the Property at ptdrik aactlon to the highest bidder at the time and place and under the
<br />texna designated is the ~tl« of sale in one or more parcels aad in each order ac Trustee may determine. Treatee may
<br />postpone sde of aB or any parcel of the Property by public anaoun«ment at the time and pia« of any previously
<br />scheduled sale. Condor or Leader's designee may parchass the Property at nay sale.
<br />Upon receipt of payment of the pri« bki, Trmtee shag deUver to the parchsser Trmtee's deed conveying the
<br />Property solo. The redtals io the Trustee's deed shall 6e prima fuck eviden« of the truth of the statements made
<br />therein. Trustee shall apply the proceeds of the sale in the followhrg order: {a) to all reasonable casts and expenses of the
<br />sale, ht!clatling, but cot Ihnited to, Trustee's fees actually incurred of not morn than ..I/.~, .4 ~ . ~. OQ%n of the gcon sale
<br />prl«, reasonabh; attorneys' fees and cos4 of tltle evIden«; (b- to aB sums aerated by this Deed of Trash sad {c- the ex
<br />cess, Unay, to the peeson ar penom legally eutltkd t6eaeto.
<br />1$. Borrower's Rlght fQ Rehtstnte. Notwithstanding Lender's acceleration of the sums secured by this Deed of
<br />Trust, dos tv Borrower's breach. Borrower shall have the right to have any proceedings begun by Lender to enforce This
<br />Deed of Trust discontinued at any time prior to the earlier to occur of (i) the fifth day before Ehe sale of the Property
<br />gursuapt to the power of sale rnntained in this Decd of Trust or (ii) entry of a judgment enforcing this Deed of Trust if:
<br />(a) Borrower pays Lender ail sums-which would be then due under this Deed of Trust and the Note had no acceleration
<br />occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Deed of
<br />Trust; {c) Borrower pays all reasonable expenses incurred by Lender and Trustee in enforcing the covenants and
<br />agr«ments of Borrower contained in this Deed of Trust and in enforcing Lender's and Trustee's remedies as prvvided in
<br />paragraph 17 hereof, including, but not limited to, reasonable attorneys' fees; and (d) Borrower takes such action as
<br />Lender may reasonably require to assure that 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 Deed of Trust shall continue unimpaired. Upon such payment and
<br />cure by Burrower, this Deed of Trust and the obligations secured hereby shall remain in full three and effect as if m.
<br />acceleration had occurred.
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