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<br /> . intcrest. Lcndcr fihufl not bc rcquircd to commencc procecdin�;s agninst such succcssor or rcfusc to extend timc for paymcnt or othenvisc modify �
<br /> • mnorti•rntion of the sunts secured by this Dccd of 7'rust by rcason of nny dcmund roade by thc original BoROwcr and Borcowcr's succcssors in • .
<br /> intcrcat. Any forb�arnncc by Lcndcr in excrcising ony riQNt or rcmcdy hcrcundcr,or othcnvisc afforded by applicnblc luw,shull not bc a waivcr s -
<br /> of or prccludc the c�:crci�c of nny such nBht ur�cmedy. ,. -_
<br /> , I1. Sucscssore aud Aselgne�ound;Jolnt and Sevcral I.labillty;Cu-slqncrs.Thc covenunts and agrccmcnts hcrcin containcd shall � • � -
<br /> bind,and thc rights hcrcundcr shnll inu�c to, thc respcctivc succcssors and assigns of Lendcr nnd Borrowcr, subjcct to thc provisions of
<br /> paragraph IG licrcof.All covennnty nnd agrsc�ncnis of Uono�vcr shnll bc joint and sevcral.Any Borcowcr who ca-signs this Dccd of Trust, bi�t .
<br /> . docs not cxccutc thc Notc,(a)is co-signing this Dced of Trust only to grant nnd convcy that Borrowcr's intcrest in thc Property to Trustcc undcr . R
<br /> thc tcrtns of this Dccd of Trust,(b)is not personally linblc mi tha Note or undcr this Decd of'fYust,and(c)ngrces that Lcndcr and any other , `
<br /> , � QorPOtrer hetcundcr may agrcc ro extcnd,moclify,forbcnr,or mnkc nny other accommodations with regard ro thc temis of this Dced of 7Yust or
<br /> thc Nato without that Borrowcr's conscnt and wiihout rcicusing that Borrowcr or modifying this Dccd of Tntst as to thnt Borrowcr's intcrest in
<br /> � . the Propeny �, ,:°�
<br /> � • ' � 12. Notice.Exccpt for any notice rcquired under applicable Inw to be givcn in another manner,(a)any notice to Bo►ro�ver providcd �
<br /> "' for in this Deed of Trust shull be given by delivering it or by mailing such notice by certificd mail nddressed to eorrower nt the Property Address •' ,',4n '-.
<br /> or nt such athc�address ns Borrowcr may dcsignate by noticc to Lcndcr as providcd hcrein,nnd(b)any noticc to Lender shnll bc givcn by r �`. -
<br /> ccrtified mail to Lender's oddress stated hcrein or to such othcr uddress us Lendcr mny designotc by noticc to Borrowcr us provided hcrcin.Any " , •'�.%-�'`-'�
<br /> � noticc provided for in this Dccd of Trust shnll bc deemcd to hflvc been given to Borrower or Lendcr whcn givcn in the manncr dcsignatcd hercin. �=='D=-° -
<br /> 13. Goveroing L�w;Seversbtllty.The stnte tu�d locnl laws applicuble to this Deed of Trust shall be thc laws of the jurisdiction in -
<br /> , which thc Property is lacuted.The forcgoing scntcnce shall not limit the npplicnbiliry of Fcdcral Inw to this Qecd of Trust.In thc event thnt uny +'�
<br /> provision ar clause af this Deed of Trust or Ihe Note canflicts with npplicable In�v,such conflict shaU not affect other provisions�f this Dced of _
<br /> Trust or thc Note which can be givcn cffect«•ithout the conflicting provision,nnd to this end the provisions of this Deed of Tmst and the Note �`.
<br /> ,� arc dcclared to ba scvcrnble.As used hcrcin,"costs"."expenses"ond"nttomeys'fces"include all sums to thc extcnt not prohibitcd by applicable ; .���=
<br /> luw or limited herein.
<br /> � 14. Borrower's Copy.Horrowcr shall 6c fumisiied n conformed copy of the Notc and of this Deed of Trust at thc rime of execution ''����`-?: _
<br /> , ,� or after recordntion hcreof. `�:,_
<br /> 15. Reh�bllltxttan LoAn Agreemen� Borrowcr shall fulfill all of Borrower's obligations undcr eny homc rehabilitarion,
<br /> i�nprovement,repair,or othcr loan agrecment which Borrowcr enters into with Lendcr. Lcndcr,ut Lendc�'s option,may rcquirc Borrower ro `<°r__
<br /> exccute und dcliver to Lender,in a fonn acceptablc to Lendcr,un assignmcnt of uny rights,claims or defenses which Borrower mny havc agninst _, :_�,:=_
<br /> ' • • ���; partics who supply Inbor,materiuls or services in conncction with improvements made to thc Properry. �:t__
<br /> 16. Transfer ot the Property or a Beneticlal Interest tn Borrower.If nll or any part of thc Property or nny interest in it is sold or f�
<br /> hnnsfcrred(or if a beneficial intcrost in Barrowcr is sold or transferrcd and Borrower is not a nntural person)without Lcndcr's prior written �---
<br /> �� �.,�
<br /> consent,Lender may,nt its option,require immediate payment in full of nll sums secured by this Deed of Trust.However,this option ahnll not ���°'-.
<br /> be exerciscd by Lender if excrcise is prohibitcd by fedtrnl In�v as of thc dnte of this Deed of Trust. � '
<br /> �` !f Lerder exercises this option,Lender shall givc Borrowcr no:icc of ucccletation.Thc notice shup providc a period of not Icss thun 30 �'�
<br /> 1� days from thc dute the noricc is delivered or msilled within which Borrowcr must pay sll sums securecl by this Dced of TrusG If Borrower fails to
<br /> 't' pay these sums pdor to thc cxpiration of this period,Lcnder may invoke any remedies permitted by this Decd of Trust without further noricc or
<br /> dcm¢nd on Borrower.
<br /> � NON-UNIFORM COVENANTS.Barrower and Lendcr furthcr covcnant und ugrce ns follows: _
<br /> � � 17. Acccleratton;Remedlc�. Rxcept t�providcd in parugraph 16 hercof,upon BoROwer's breach of any covenant ar agrcement of -
<br /> � Botrower in this Deed of Trust,including thc wvenants to pay when due any sums sccurcd by this Dced of'hust,Lendcr prior to accelerntion ti' '
<br /> shall give notice to Borrower as provided in paregraph 12 hercof specifying:q)the brench;(2)the netion required to cure such breach;(3)n '`
<br /> date,not less thnn 10 days from the date the noticc is mnilcd to Bortower,by which such breach must be curcd;and(4)that failure to cure such �'4'
<br /> ' brestch on or before the date specified in thc noticc rnay result in acccicretion of the sums securcd by this Deed of Trust und snlc of thc Properry. +�
<br /> - Thc norice shall fbrthcr inform Bonower of the right to rcinstate aRer ucccleration and the right to brirg a court ection to nssert thc noncxistence ��;,
<br />"' of u dafault or any other defensc of Borrowcr to¢cceleration and sale.If thc breach is not curcd on or before the date specified in thc norice, '���.
<br />- ' I.�nder,at Lender's opHon,may declare cill of thc surns sccured by this Deed of 7'rust to be immcdiatcly due and payable without furthcr demand
<br /> und may invoke the power of snlc und nny other remedics permitted by npplicable lnw.Lender shnll ba entitled to collect all reasonablc costs and
<br /> � cxpenses incurred in pur�uins tha remedies provided in this purngraph 17,including,but not limited to,reasonable uttomeys'fees. ��"F_
<br /> f�•�- •• If Lender invokes the power of sale. Lender shall execute or cause Trustee to execute a written norice of the occurrenee of an event of
<br />�✓�_,�� „ ;;,� defuult and of Lende�s electiun to cause 4he Property to be sold and shall causc such norice to be recorded in each county in�vhich the Aroperty
<br /> ,,,�.t��„.��� or some part thcreof is locnted.Lender or Tiustee shnll mail copies of such notice in the manner prescribed by npplicable Iaw.Trustee shall give
<br />'"�' ,, pubHc nodce of sale to the persons and in the mnnnerprescriUcd by a��plicable law.After the lapse of such time as may be requimd by applic•able
<br /> - - � �. law,Trustec,without demund on Borrouer,shall sell the Property at public auction to the highest bidder at the timc and placc and undcr thc �
<br /> - " terms designated in the notice of salc in one or more parcels nnd in such order as Trustce may determine.Trustee may postpone salc of oll or any
<br />- " _ v parcel of the Properry by public nnnouncement at the time and place of any prcviously scheduled snle. 4endet or Lcnder's dcsignco may -
<br />_ ,, purchase the Property¢t any sule. �.
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