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<br /> . • , 9�m ��Q�.�� � .,. .
<br /> ` m coaaection with ��,.._:��._";.�;.:.:E";
<br /> ' _ � 9.Coad�natlom.lhe pmceeds of any award or ctaim for damages.diiect or oonsequeaqal,' . .
<br /> - • - aay condemaation or other takmg of the Propeny.or part theteof,or for conveyance ia li�of condemnation, are > ';.1:`;
<br /> e.deed of uust or oth+er security
<br />--. heceby assigned and shall be paid to Lender. subjea w the terms of any mortgag t<'.`
<br /> � agmement with a li��vhich has priority over this Deed of T�us�.
<br /> ' 10.Borrower l�iot ReI�1+Forbearanee$y�d�Not a Waiver.Extension of the thae for paymem or
<br /> '`� . , modiftcztion of amorti�on of the s�mos secvred bq th�s Deed of Ttust granted by Leuder m aay sncc�or m , � , _
<br /> � iaterest of Bosower s6aD not opeiate to retease, ia an�r manner, the liab�ity of the original Bormwer and _
<br /> to co�pmccedings agaiast such successor or �' =
<br /> ,.; � Bouower's suocesso:s ia interrsc. L�der shall not be reqaired ,
<br /> � iefuse to extend time for payment or othezwise mndify amorrizaiion of the svms secated bY this Deed of Trast by r,f3:�_
<br /> 's;: �` . ` reasoa of a�r demand wade by the orlginal Bozrower and Bomower's suocx�sors in interest. Any forbeazance by ;. � �,---_-�-.
<br /> �r Lender m exercism8 aaY riSht or�y her�uder. or otherwise afforded by applicable law,shall not be a waiver `. .: ..�;�,�';�.�sa-;
<br /> ��•:�::�------
<br /> ;� : of or pmiude the exercise of any such right or remedy. f':;;:`�.`"�%hfi;�:f,
<br /> '� • � 11.Succ�ors aud As�tgas Botmd;Joint and Several L3abilt�+;Co�igaers.'Ihe covenants and agcce�4s ,• ��..
<br /> b �.: . _
<br /> ' . hetein oontaiued shaU bind,and the rig�ts heieuader shall imue to,the resPearve successors aad assigns of Y.ender � ,•�,;_.-
<br /> ' ' aad Borrower. subject to the proviscons af pa�agra�ph 16 heteof.All coveaants and agreements of Bormwer shall be . �;`-, �.
<br /> j:, �,.:
<br /> - � . � joint and several.Auy Borrower arho co-signs this Deed of Tnist,but does not execute the Note. (a)is c�slBninS �:'�� ;-`
<br />-:-�- � � this DeEd of Trasc only w grant and convey that Bonawer a iatecest in the property w'Frustee uader the teims of this -^ - �`_
<br /> •; . - Deed of Trust, (b)is not personaUy liabie on the Note or under tt�1s Deed of'IYast,and(c)agree.s that Ixnder mmd --- ,- '.�T^�.�
<br /> atry other Eotrower here�mder may agree to extend.modit�r,foibear.or make aay other acco�odanons with regatd ,'. ;
<br /> :�.. w the te�rs of tbis Deed of Tmst or We Note.without Wat Borrower's canse�nt aad without releasing that Bo:rower .�:-•�:;.
<br /> ' this Deed of'Pcust as to tUat Borrower's interest in the PmpertY �'�:�.;.�<`.*-
<br /> 'r.� or modifying �• � �:;�`�;.;,'�
<br /> ; . 12.NotIce.Except for az►y notice�+equired under applicable law w be given ia another ma�mer.(a)anY notice w
<br /> � Borrower provided for u►this Deed of Tnut shall be givea by deliveciaS it or by ma�ing such n4iu�e by certi�ed s� .":�--
<br /> '` al
<br /> r.; �. ' a d d s�s s e d t o E o i r o w e r a t t h e P ro p e n y Address or at such other address as Boaower may desi�nate by aotice to : ���,�_
<br /> � Lender ag pmvided tterein.aa�N)aaY no�ce w Le�tder shal i be given by c e�f'c e d m a�w I.e n d e r's a d d t e s s s t a t e d , :;,�s
<br /> ` b notice w Borroaer ffi pmvided he�+ein. Any notice :3.� —'
<br /> � � ' here3n or to s�c6 other addmss as Lender maY desiSaate Y en w Bormwer or Lender when given in the , � ���
<br /> �, . � , grovided for in tUis Deed of Tn�st ahall be deemed to t�ave been giv --
<br /> .,f�f�_�
<br /> ��• .• .` ma�er deslgnated herein. �.
<br /> 13.Governiag La�r,SeverebNt�+•'11�e state and 1°cal lawg aPPU�Ie to this Deed of Trust shaU be the laws of �=:
<br /> . � the jurisdiaion ia wluch the Property is located.11ie foregoing sentence shall noi limit the applicability of federal : . .�.i►r
<br /> � ' �� taw to this Deed of Trust.W�he eveat thac any pmvisIon or clause of this Dced af Tmst or the Note conflicts witb _ ��..�
<br /> s-'� � apPlicable]aw, such cuntiict shall not affea other provisions of this Deed of Trust or the Note wbich caa be given � r �
<br /> effea wit2tout the confllctmg provision,and w this end the provisions of this Deed of 1Yast aad the Note are declared �
<br /> � w be severable. As used hercin, "costs," ••expenses•, and ••attome�,s' fees" include aU sums to the exteni not . . ��:
<br /> . ,1� ,. -
<br />. ' � pmhibited by applicable]aw or li�mited heiein. .� •.`°`-
<br /> ' � ' 14.Bormwer's Copp.Borrower shall be fumished a oonfo�med coPY of the Note and of this Deed of Tn�st at `�,.r'.r.'
<br /> :.t •. �.,.,.-
<br /> � the time of exe�.�utioa or after recordation hereof. �:
<br /> .�# I5. Rehabilltatton Loan Agreem�� Boaower sball fu1fiU all of Borrower's obligatlons under any hotne . �.:.�:t�,
<br /> �;:.�c � , rehabilitation, improvement,mpair. or other loan a�rcement which Bonower eaters into witb Lender. 1.ender,at .. :_ �
<br /> �: , �.� Lcader's optlon, may require Bonower to execate aad deUver to Lender, in a form acceptable to Lender, an .,��.�.�.
<br /> assjgnment of any rights,claims or defenses which Borrower may l�ave against parties who supply labor,mate:ia]s or ' :y,�:-..
<br /> ,. �__
<br /> . . .. ;, services in wanecuon w t t h i m provemen t s m a d e t o t h e P r o p e r t y. art of the Pro or an
<br /> 16. 7YansYe�of the Property or a BenePcial Interest in Borrower.If all or anY P P�Y, Y ... �
<br /> ' imerest in it is sold or transferred(or if a benefccial interest in Bortowet is sold or um�sferred and Borrower�s not a .
<br /> . :�'.� natural person)without Lender's prior wriuen consent. Lender may,at its optioa,require�anmediate payment in full . ; :
<br /> of all sums secured by this Deed of Tmst. However, this option shall not be execcised by Lender if exercise is
<br /> , • , prohibited by federal law as of the date of this Deed of Tn�st. . ,.
<br />_.;,�,. . If Lender exercises this option,Lend�shall give Borrower not�ce of atxeleradoa.11ie aotice shall pmvide a
<br />��=;�+ • period of not teas thaa 30 days from the date the notice ls dellvered or mailed within wl�ch Borrower must pay all , .�
<br /> . yw�s secttted by this peed of Tnist.If Borrower fails to pay these sums prtor to the expiradon of ttils period.Lender
<br /> _ _ may invoke aay remedies pe:mitted by this Deed of Trust without further notice or demand on Boaower. . •
<br /> -;.�; � NON•UIVIFORM COVENANTS.Boaower and Yx;.�es further covenant and agroe as follows: , . �
<br /> .:..; 17. Acceleratlon.RemedIea Escept as provide�in paragra;t�l6 heseof,upan Borrower's breach of any . .
<br /> wvenant o�agreement o4 Borrower in thls Deed of TnLSt,inciafi�S Borrower a fail�e to pay,by the end of
<br /> � !0 calendar daYs after they are due,any sumv secm�ed by this Dced of Trust,I.endes prtor to acceleratton shall . .
<br /> � � give uotice to Borrower as provided in paragreph 12 hereof specifying:(1)the breach;(2)the adtoa requlr�to _ -
<br /> . . � cure such breacb; (3)a date,aot tes9 than 1A days from the date the no31ce�S mailed to Borrower,by which .
<br /> such breach must be cure�.and t4�that fallure to cure suc6 breach on or before the date specifted in the notice � •
<br /> ForM,�B_28
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