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<br /> • DARRBL K FOKKBN VIRCiINIA t�1 FOKKBN ��" '��� 100586 12/20/1996
<br /> 9. Condttnnatton.The proceeds nf eny award or clalm for clamages,dlrect or consequential. in connectlon with any _
<br /> candem�t�tion or otlier taking af the Property, ot p�rr thereuf, ��r fur conveynnce in lieu of co�sdeau�adon, are hereby � „
<br /> a§si�ned and st�all be paid to l.euder,subject to the terms of any ntort�age,deed of tnut or ather secudty agreement widi a l _
<br /> �� lien which has priority over t�us i3eed oi Trust. - �.
<br /> � 10. Borrower Not Aelea�ed; Forbearance By Lcnder Not a Walver. Eatensiun of the dme for payn�ent or . . �_-
<br /> modlficadon of amorti�don of the sums secured by this Deed of Trust grxuted by l.ender to nny successor in interest af w '
<br /> Horrower shall not operate to release,in any manner, the liability of the orlginal Borrower and Borcower's successors in -
<br /> interest. Lender s6a11 noc be required to commence proceediags agaii�t such successur or refuse to extend time for payment �
<br /> � or otherwise roodtfy amord7ation of the swns secured by this Deed of Trust by reason of any demand made by the adginal � °-
<br /> Borrower and Barrower's successors in interest. Aay forbearance by I.eader in exercising any dght or remedy hereunder,
<br /> = oa otherwise afforded by applicable law, shall not be a waiver of or preclude the eaercise of any such right or remedy. ••-
<br /> - 11.S��essore a�±d Assl�rs Round;Joint and 5everal Uabilltyi Co-slgners. The covenants and ayreemPnrc herein
<br /> contained shall bind,and the rights hereunder slv�ll inure to,the respecdve successors and assigns af Lender and Hormwer, T
<br /> subject to the provisions of paragraph 16 hereof. All covenants and ugreements of Boaower sh.all be joint and several. • _
<br /> Any Horrawer who co-signs tLis Deed of Tnut,but dces not exesute tbe Note,(a){s co-signing this Deed of Tcust only to _
<br /> grant and convey that Borrower's interest in the Properry to Trustee uader the ternis of this Deed of Tcust, (b) Is not �
<br /> personally liable on the Note or under this Deed of Trust, and(c)agrees thac Lender and any other Bonawer hereunder . �:.,Z,;;;��`;�-
<br /> may agree to extend,modify, forbear,or make any other accommodadons with regard to the tem�s of this Deed of Trust or ''�
<br /> .,,� :
<br /> the Note,without thnt Bottawer's coasent and wlthout releasing that Bonower or modifyiug this Deed of Tnut as to that . ,: ,�.,,�:,,:;�,?%�-`--
<br /> Borrower's inrerest in the Property. �
<br /> t2. Naflce. Except for any nodce reqnired under applicable Iaw to be �iven in another ma�wer, (a)any nodce to =. _ _
<br /> � Horrower provided for in this Deed of Trust shall be given by delivering it or by mailing such nodce by cerdfied mall „______
<br /> addressed to Borrower at the Property Address or at such other address as Borrower may designate by nodce to Lender as ____ _K
<br /> ,::�t;,; provided herein, and(b)any noqce to Lender shall be given by cerdfied mail ro Lender's address stat�d herein or ro such s�v -
<br /> ,;:,;;�"• other address as Lender may designate by nodce to Honower as provided herein. Any nodce provided for ia this Aeer1 of . �=�`�
<br /> Tnut shall bc deemed to have beeu given ro Honower or Lender when given in the manner designated herein. -,,�
<br /> .� "' l3.Gover�nin�Law;Sevaabllity. The state and local laws applicable to this Deed of Trust shall be the laws of the :,;�;+�
<br /> • ;� jurl.sdicdon in which ttte Properry is locatted. The foregoing sentence shall not littilt the applicabllity of Federal law ro this �: ::• ._ _
<br /> �' Deed of Trust. In ttts event tbat any provision or clxase of this Deed of Trust or the Not�coutlicts with applicable law, , � ��r�'�
<br /> such conAict sball not affect ather provisions of this Deed of Trust or the Note which can be given effect wlthout the �' -.r'
<br /> � conflicting provisIon. and ro this end the provisions of tlris Deed of Trust and the Note are declared tn be severable. As `�� " � �t.
<br /> _ uced herein; "costs', "expenses' and"anomeys' fees' include all sums to the extent nut pro2dbited by applicable law or ,� �
<br /> - = ;� (Imited hereia -:— ` .
<br />� �, 14.Borrova�er's Copy. Borrower shell be fi�mished a conformed copy of the Not�ancD of this Deed of Trust at the ���'�; ,
<br /> . �: dme of execudon or after recordation hereof. ""�
<br /> �x., ls. Rehabilitatiaa Loan A�cernent. Bonower shall fulfill all of Borrower's obligadoas undcr any home ��� �� '.
<br /> �z�� rehahilitadon,improvement, repalr or ottier loan agreenient wLich Borrower enters into with Lender. Lender,nt Lender's
<br /> �`4` opdon. may raquire Borrower to execute and deliver to Lender, in a form acceptable to Lender,an assignment of any :�;ip
<br /> , rights. claim9 or defenses which Borrower may have against pudes wha supply labor. mzteti�ls or setvices in convecdon ���
<br /> e
<br /> . ,► with improvements made to the Property. . � -
<br /> ` �; 16.Tran9fer of the Propaty or a Beneflcial L�Sa+eat in Borrower. I£all or any part of the Property or any{nterest
<br /> � ,����.�i in it is sold or transfened (oi if a beueficial interest in Boaower is sold or transferred and Borrower is not a natural
<br /> - ' + person)without Leuder's priar written wnsent, Lender may, at its opdon,require immediate Qayment in full of all su*ns �y�.�
<br />- �' secured by this Deed of Trust.However,this opdon shall not be eaercised by Len�der if exercise is prohibited by federal ` -
<br />-, " � ' i law es of the date of this Aeed of Ttust. `n- __
<br /> �1 .�t• , p�_�.�
<br /> ,• � t.�;;+; If Lender easrclses this opdon,Lender shall give Horrower�dce of acceleradon.The nodce shall provide a period __
<br /> ia:�`� �; of not less tl�an 30 days from the date the nodce is delivered or mailed within which Borrower must pay all sums secured __
<br /> '� ' by this Deed of Trnst. If Barrower fails to pay these swns prtor eo the expiradon of this period. Lcnder may invoke any
<br /> __ remedies permitted by this Deed of Tcust wlthout furtber nodce or detaund on Borrower. . _
<br /> �• NoN-UNIFORM CovENANTS. Bortower and Lender fiuther covenant and agree as follows: —_ ----�
<br />- 17. AccdenUon; Ranedies. �ccept as provlded in Pare;raph 16 hereof� upon Bor�rower's breach of any ---
<br />- � covenant or a�ree�nent of Borrowa in tWs Deed of Tn�st, Includin�Borrower's f�llure to pwy, by the end of 10 ,1=?m�`
<br />-�'' � . . ' caleadar do►ys aitd'they ere due,any suims sectired by thls Deetl of Tntst, Lender pdor to�axlerattoa ahell give �'�'Y��.:�r
<br /> _-+• notice to Borrower�provided in pasa�raph IZ hereof apecifytn�: (1) the breach; (2) the ac#fon regWied to cure =•��--w=-���
<br /> �- �� such breac�i(3)a date,not less tiun 20 da s fror�the date the notice ts mailed to Bosrower,by which such breach "f"'-'�-�``'''0�'"-
<br />_ Y ,1:�-�-'�:�i.�-�^.,��
<br /> " �� mtut be curedy and (4)thai fatlure to cure such breach on or bePore the dxte s ed tn tl�e notice may rc9ult in �'
<br /> P�� ,.'t;�'!�:.:">`.;_����:._.
<br /> acceleratlon of the s�ros secured by thfs Deal of'I'nbst and sale of the Property. 'Che notice st�all fwther lnform �! z.�
<br /> zr,:.."•��'..C;'"'
<br /> - �iorrower of the riQht to rel,�tate eRer accelerntion And ttie d�ht to bdu�a cowR acUon to assert the none�dstence of � ,,��" '�'.''v�
<br /> h ;�. a:� t,._
<br />- a default or any other defense of Borrower to ar.celeration utd sale. If tht breacEi is not cuc+dd on or before the date �'�•.;�:��:, •a'•
<br />- spoctfied!n the not[ce,Leadef, at Lender's optlon,may dectu+e ull of the sums secured by thls Deed of'Itusi to be .",.'.""�i'k�;.,�'
<br /> i [mmedlateiy due and pay�ble witho�f'urther damand and may inroke t6e power of ssde and any other remedles ^:';��:f:"f� `
<br /> � pe�mitted by applicable law. Lender shall be entitled to colled all reasonabie costs �nd expenses incurred in
<br /> pursuin�the ranedies provtded in thts paragraph 17,Including,b�rt not l[mited to,reasonabie Attorneys'fees. � °�
<br /> If t6e power oe s�Le is invoked,Tn�stee shaU record a notice of default in eacb county tn which the Property or �
<br /> = some part thaeof fs lacat�d ar�d shall mail copfes of such notice tn the manner prescrtbed by applicabte law to .
<br />= Borrower and to the other pe�san9 prescxibed by appitcable IAw.ARer the lapse of such time as may be required by
<br /> appllc�ble law, Tn�stee shall give public nottce of sale to the person9 and tn the manner prescribed by aNplicable
<br /> - law.Trusta,without dan�nd on Borrower,sha1D sell the Property at public auction to the highest biddcx at the time '
<br /> - and plACe and under tQie termg desfgnated In tGe notice ot ssde In one or mon pamis aad in such order as Tnstee . �
<br />` may determdne.Trustxe may posipune eale of a!1 or c�ny parcel of the Propa�ty by publle�unouna�nent at the ttme
<br />- • and place ot e»y prevlously achedulecl sale.Lender or Lender's desi�nnee mny pwrhaw:the Property at any sale.
<br /> � Upon receipt of payment of the price bid,Trustee shali aelfver to the purchaser Trustee's deed rnnveying the
<br /> Propaty sold. The reritaLs in the Tn�stce's deed shall be prima facie evidatice of the truth ot ttee statements�ade
<br /> ' therMn.Tn�stoe shall apply the proceedg of the ssle In the tollowing order:(a)to all reasonable costs and expenses of
<br /> - the sale,Includin�,but not Itmited tQ,7'rustee's fees actually lncure�ed of not more than S°�o of thc�oss sale price,
<br /> -- reas�nuabie �tEorneys' fees and co�ts of title eeidence; (b) to all sams securrd by thLy Deed oP Tn►st; and (c) the ° '
<br /> excess,It any,to the pason or p�sans IeYally entitled thercto.
<br /> — • Ncnraska 26876-3 I I/96 Original(Recorded) Cvpy(Hranch) Copy(Cuetomerl Pa6s 3 of S .
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