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<br /> � ' � 10. Borrow�r�tot Released;F'orbearance By Lender l�lot a 1di�aive�Extension of the ttme for payment or madi�catiars . • ; �
<br /> � ' of amortizatton ot the sums secured by thts Daed of Trust grartted by Lerider to any successor in[nte[sst ot Borrower shail not�., _ _ ___��_�;�-
<br /> . _ ',: � operate ta retease,in any manner�the liabiliry ottt�e original Borro�ver and Borrower's suxessors[n interest.Lender sha8 not'� �f; i� � ;
<br /> , <. . ' �� ` � b e r e q u i�e d to commence proceedings against such successor or retuse to extend time tar paymeM cr othervuise modiiy , � ' ,;,� ,:
<br /> �,<=�.
<br /> � c� amartizattonofthesumssecuredbythisDeedotYrustbyreasonofanydemandmadebytheariginalBorrow�ran98orrawer's , ; ,. , � <<
<br /> � � successors in interest.My torbearance by Lender in exercising any rigM or remedy hereunder,or othanruise af[orded by� � , . . :
<br /> � � :� appticabte Eaw.shall noi be a waiv�r cf or prectude the eaercise ot any such►lgM or remedy. . � � �'
<br /> . • . � !� ��, g�tcc.essorsandAssfgrtsBaund;JolntatedSeveralUab6iity;CaslgneraThacovenantsandagreemenbherein � � .. .
<br /> � � contaIned shali bind,and tha rights hereunder shall inure to,the respective successors and assigns of Lender and @orrowar. � ,
<br /> . �subject to the provisions of paragraph t6 hereof.AQ cavenants and agreements of Borro�rrer shall be joint and several.My • �
<br /> __ _ �orrower who co-signs this Desd of Trust,but does not execute tha Note.(a)is co-signing this Deed o!Trust only W graM and . �';�
<br /> - -- - - con v e y that Borrawer's i�►terest in the PropeRy fo Ttustee under ths terms of this Oesd of Trust.(b)Is not persanally liabte on - - - �_4^ ., ,_
<br /> . ` the Note or under this Deed of Trust,and(c)agrees that Lender and anyoiher Bomawer hereunder may agcee to exten d.m o di f y. ,� � .. }
<br /> . ' • � forbear,ur matce any other accommodations with regard to the tertns of this Qeed of Trust or the Note.without that Borrower's �
<br /> - consent and withcut releasing that Borrower or moditying this Deed of Trust as to that 8orrovrer's interest in the Property. _
<br /> 12. Notice.ExceAttorarrynaticerequiredunderappilcabletawtobegiveninanoihermanner,(a)anyncticeWBorrower . ,
<br /> � �. provided tor in this Deed of Trust shall be glven by delivering it or by mailing such notice by certified mail addressed to Borrower ` �i i:' ��
<br /> ' . • at the Property Address or at such otfier address as 8orrower may designffie by not�ce W Lender as provided herein,�nd @j : '�•>�.,, :;
<br /> anynoticetoLendershailbeghrenbycertifiedmaiitoLendar'sedd�essstatedhereinartosuchotheraddressasLendermay .. `":�,
<br /> ' . r ' , desIgnate by notice to Borrower as proWded herein.Any not[ce provided for in this Deed of Trust shali be deenrted w have been � .� .�.�_:;'= �""
<br /> � giver�w Borrower or lender when given in the mannes designaied herein. �' t��" ��.�`�J
<br /> : . �Y:;—�rr..--�
<br /> ' t3. GovemingLaw;Seve�ateItity.Thes�teandlocallawsapplicablefithis0eedofTrustshaSibathelawsofthejurisdidion .,, �,��:-
<br /> in which the Property is located.The foregoing sernence shall not timlt the appUcabitity ot Federai law to this Deed of TrusL . - m _
<br /> -� ` � In the event that any proviston or clauss of this Deed of Trust or the Note coMlicts w�th applicabte law,such conflict shall not � ` ; —
<br /> ;.�.:.:.�� :�
<br /> • � affect other provisions of this Deetf of Trust or the Note which can be given effect without the conflicting provision,and to this :::.�-•;�
<br /> .. .. , , z�::�•._�_
<br /> . �.. _ end the provisions of this Qeed ot Trust and the Note are declared to be severable.As used herein,"costs, expense� and �
<br /> "attomeys'fees"include aU sums to the extent not prohibited by applicable taw or limited herein. � __�'T� �-�::�
<br /> ... t~'� —..r'�':
<br /> • 14. Borrawer's�opy.Borrdwer shall be tumished a conformed copy of the(Vote and of this Deed of Trust at the time of �
<br /> ' � �:-�� execudon or after recordation hereot �{�.-
<br /> >-,-< ,
<br /> . , 15. Rehabtittatton Loan Agreement.8orrower shatl fu1flU all of BorrowePs obligattons under any home rehabiiitation, �(' ;,,..�-N::
<br /> '{,..,i�lt 4.-'_.
<br /> . . • improvemerit,repair,orother toan agreement which Bor�owerentersintowiih Lendar.Lender.at Lender'scption,may require z,,.�:.;;a_-�-��:�,
<br /> � � Borrower to execute and deliver to Lender,in a form acceptabte to lender,an assignment of any rights,ciaims or defenses �_
<br /> . � " ' which Borrcwer may have against parties who suppiy labor,materials or services in connection with improvements made to � r 7 ,�,__
<br /> ` ' the Propsrty. ' ..�1,""�'`
<br /> � ' � t6. TUanster cf Property or a Beneficlal l�terest in Borrower.If ali or any part of the Properry or any i�rterest in it is sotd '� �,'� ��"�`
<br /> � ortransferred(orifabeneflcialinterestinBorrowerissoldottranstenedandBorrowerisnotanaturalperson)withoutLender's � �?��=��;_
<br /> � . prior written consent,Lender may,at its option,require Immediate paymerst in full of all sums secured by this Oeed of Trust �� '� ' �Y?:•
<br /> ' • .�..2�':;,,
<br /> ,:, � However,this option shatl noi be exercised by Lender if exercise is prohibited by federal law as of the date of this Deed af Trust. ...�:r:;��,�
<br /> � If Lender exercises this aption,Lender shali give Borrowar no4ice cf acceleration.The notice shalt provlde a period of not ,.�,•�; '_ ';'^��,.
<br /> _ tessthan30daystromthedatethenoticeisdeltveredormailedwithinwh3chBorrowermustpayallsumssecuredbythisDeed --
<br /> � of Trust.if Borrower 4aits to pay these sums prior to the expiratton otthis period,Lender may invoke any ramedies petmitted �'�-��'{='�
<br /> _.:.i3�c...::.
<br /> � by this Deed of Trust without tuRhet notice or demand on Borrower. . :�::1?=`
<br /> NON-UNlFOAM COVENANTS.Borrower and Lender further covenan4 and agree as tollows: ' �'���-
<br /> 17. A�ceteratton;Remedtea Except as pro�ided in paragraph 96 hereof,upan BorrowePs br�each of eo�y covenaret ' � `°'�����
<br />._ oragreementolBorrowerl�lhisDeedofTirust,inctudingBorrmwer's9aituretopay,Erytheendo9i0catendardaysafter �. _ ,� �:��r
<br /> . • they are dae,arry sums sec!rred by this Daed ot 7irust,f.ender prlor to acceterat1on shail glve notice to�orrawer as , .. `
<br /> • � pravided in paragraph 12 hereof apeeitying:(1)the breach;(2)the aa4lon required to eure such breach;(3)a date�n�t . . ',,,;.`�-�.'-
<br /> � ' Iessthan20daysiromthed�tethanotte�ismaftedto6omewer,byuvhtchsuchbneaenmustbeeur�ed;artd(4)thatiallure �. �:-���:.
<br />��' � tocuresuchbreac8onorlae'asethedatespaclfledinthenotieemayresultlnacceferattonofthesumssecured6ythis ' � , � �
<br /> OesdotltustandsaleofthePr�peRy.ThenoticeshallturtherinformBorrowero4c3�erlghttoreinstateafteracce�eretion . - .
<br /> � � '� ' and the rtght to bring a court aotton to assert the nonextstence of e de9au14 or arry other detense at Borrawer 40 . � �_ .
<br /> • ar.eelerationandsate.lithebreachlsnotcuredonorbebrethedatespecltledinthenotice,Lender,atLender'soptlon, , .
<br />- � • � � may 6ectare all ot tho sums sscur�d E�}I thfs Deed ot Ttust to be immediateiy dae and payabte without turIIher deman6
<br /> . ' � an�mayimrokethepowerotsateandatryoiherremedlespermHtedl�ysppltcabletaw L�endershallbeentlitedtocollect
<br /> � ,� al!reasonable coste and expenses incurred in pursuing 4he remediea�Oravided in thia paragraph 17,irtcfading,but not �� �.:� .. �
<br /> � Ilmtted to,reasonabfe attorneys'teea ' . , �
<br /> � � tf the power ot sete{s imroked,nustee shall�coN a notice ot default In each county in which the Property or some �. �
<br /> �• �� � '} paAthereotiatocatedandsha11ma8copleaofsuahnoticeinthemannerprescribedbyappllcablelawtoBorrowerand � � �:
<br /> ' � to the other persons presc�ibed by applicabte taw.After the lapse of such time as may be requlr�ed by applicabte Iaw, . . .
<br /> `� � � 7hrsteesh�llgivapubltc�o4iceotsatetothepenaonsandinthomannerprescatl�dbyappilcablelav�.7tusEee,witP�out ,
<br /> �` , demand o��orrower,shall sell the Properly at public aactlore to the hlghest bidder at the tlme and ptac�and under .
<br /> � ; th0 terms designated in the notice o9 sate in one or more parcelea��in such oNer as hust�:�may determiree.Ttustee
<br /> '��';� ; may postpone sa!e of all or any parcel of the Property by publtc announcement atthe time an�place o!arry previousty
<br /> , �; I scheduled sale.Lender or Lender's designee may pu�hese tbe Property at any sate. �
<br /> �. .] Upon receipt of payment of the price bld,?tustee shall deitver to the purchaser Ttustee's deed conveying the .
<br /> I Propertysold.TherecitatsinthaTtustee'sdeedshallbepNma4acle�videnceofthetrutho4thestatemeatsmadetherein.
<br /> � . . � 1Fus4eeshatlapp{ytheprocee�softhesateinthetollowlnponder:(a)toatlreasonabtecoatsandexpensesotthesate, .
<br /> inciuding,but noi Umited to,Tivs4ee's fees aotually ir�cumed of notmorethan %of the g�sssate p�ice,
<br /> � reasonable attorneys'te�es and costs of titte evidence;(b)toals aumasecured bytfiis Deed o!Tirust;and(c)the excess� .
<br /> � if any,to the person or persona legalfy entitted thereto. .
<br /> 19. BorrowePs Rtght to Relnstate.Notwlthstanding Lender's acceleratton of the sums secured by this Deed of hust, �
<br /> ' ; due to Borrower's bresch,Borrower shail have the rigfit to have any proceedings begun by Lertder to enforce this Deed o}Trust •
<br /> � + dlscontinued at any time prtorto the earlier to occur ot(i)the fiith day before sale of the Property pursuant to ths power o!sale ,
<br /> :.,�i � contained 1n this Deed of Trust or(ii)entry o}a Judgment enturcing this Deed of Trust if:(a)Borrawerpays Lenderall sumsvuhich �
<br /> � would be then due under this Deed of Trust and the Note had no acceleration occurred;(b)8orrower cures all breaches o}any .
<br /> . other covenants or agreements of Borrower contained in this Deed of Trust;(c)Bonourer pays all reasonable expenses incurred ;
<br /> i by Lender and Trustee in enforcing the covenants and agreements of Borrowar contained in this Oeed otTrust,and in entorcing � � .
<br /> • Lender's and�frustee's remedies as providdd in{�arayraph i7 hereaf,irtt{udirsg,but rsot linsitc�!o,rar�onaD�t alfosneys'tees; �
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