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<br /> . . � � IL Snooeaso� and A�sigas Bonnd;Joint and Several LZabilitY+ Co-signera. The oavenants and agreements � _. _ •
<br /> H e r e u n d e r s H a l l i n n s e t o.tbe s�Pective successois and assigns of l.eader and
<br /> herein ooatained s�ill bind,aud the d g W s and agceements of Bormwer sball 6e joint and
<br /> ' ' , '! Boaowsr,subjec�w the pmvisioas af paragaPh 16 hena� All oovenants �Deed of Tmst • �,
<br /> � � � sevecal. AaY Borrawer who on-signs t�is DeEd of Tiust.inrt does not execute the Not�(a)is oo-signi�$ ..
<br /> � only to�and and couveY t�t Bonower's interest in the Propett}'to Tnutee under thc terms of this Deed of Tnut,(b)is not
<br /> • •',� per�nally li2ble ot►the Nate or widet this Deed of Tmst.and(a)a�s 11�I.euder and az►Y cWer Bormwer hereuadcr maY
<br /> i agree to exEend,madif'9,faibear,or make aaY other accammodations with iegard w the terms of this Deed of Tmst or the
<br /> Not�withou�thai Borrawe�s oonsent and without rcleasing Wat Bormwer or mndifymg 11�s Deed af Tzust as to that ' �
<br /> � � " ,� g . _ , .
<br /> Boaawers i�erest in the PropertY•
<br /> � . — ��r agplipble law to be given in ano�er manner,ta)aaY notice to - :-----_- -
<br /> iZ. Notic� Excep�for anY notioe required delive�ing it or by mailing such notice hy c�ertified mail � :
<br /> Boimwcr Pmvided for in this Deed of Tnut sLall be given by ���by notice to I�ender as . ' . � ,
<br /> addressed to Boaower at the ProPeriY Add�or at such othes address as Borrower maY , . _ .. ,
<br /> pmvided herein,an�1(b)anY aotice to Lender shall be given by certifred ma�to Leudefs address s�ated hezein or to sur.h .
<br /> . other addte�as Lender maY desig�e bY nouoe to Bonawer as pravided herein. Aay notice pravc���this DePd of Tn�st ;
<br /> S11a11 bC���j13VB�$�n t0 BOTICRrCf OT I.CadC'i WhCn giVBII lII thE 1112nIlCt�S1�IC� • . „,.
<br /> . . Iccable w tl�is Deed of Tmst shaU be the laws of •..��;�-:_R,
<br /> 13. Gaweru�g I.aw+Severability. The state and lacal laws agp� of Fedetal law to l :�`�-
<br /> t�e jm�isdi�ion in which the PioPeriY is located. 't'he f�goi�S�ce shall not limit We aPPlicab�tY �cable law, `,�'���`•�.--
<br /> . this Deed of Tnis�t. In the event thai anY Pmvis�on or clause of this Deed of Tmst or the Note oonflicts with aPP� ,.
<br /> .: ,�.a..
<br /> sacb oontlict shall not affer,t other pravisions of this Deed of Tmst or ihe Notc wtdch can be given effect without the
<br /> . . �• `• ` ooaflictiag Pmv�o�,�to this end the provisions of ti�is Deed of Tnut and the Note are declared w be sevezable. As ased ,_ .;�-•-
<br /> ���y��,��pens�°aad°attoraeys'fees"inciude all sams to the extend not pmlu'bited by applicable law os limited . • .
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<br /> . , 14. Burrower•s Copy. Bormwer sLaU be fiunished a wufoimed copy of the Nate and of this Deed of Ttust at the - ..-- --;�-��'`'
<br /> s�
<br /> '.�%:�,�-.-
<br /> % time of exerntlon or after recordation hereof. • � ?,�:_
<br /> . . , � � ' iS. Re6sibilitatton Loan Agcermen� Bortawer sball fiilfill all of 8oimwer's oblig�tions under ai►Y home '..::� ' i'� `:
<br /> � Re6 `
<br /> +� rehab�itation,imProvemeut,�•or other loan agreement wtrich Bossower eniers into�+ith I.eader. L.endar,at I.ead�'s _ .';.`s�:;
<br /> . . .. ; upt�on,�Y��Borrawer w e�e and delives w I.ender,in a form aooeprable w Lender,aa assignmeai of any rights, . `_-:��.:.
<br /> claims or defense.g w2dch Borrower m�Y bave against Darties who soppF9labol,materials or services iu connection with :.�;;���'
<br /> . imptoyemeuts made W the ProperiY• � . ;r':�-
<br /> . of the Propect�►or auy '`�'�
<br /> 16. '�sansfer oithe Prop�rty or a Bencfidai In4erest in Bon+ower. If all or anY P� -:•.a..•.:,
<br /> . iaterest in it is sold or transfemed(or if a beneficial interest in Bormwer is sold or tYansferred and Borrower is aot a nat�ual :::'f'=
<br /> imIIie8i3te Paymen ��- •r��
<br /> � . � � � person)withoni Lende�s prior written oonseIIt,Lcnder maq,at its option.requue t in full of all snms ,_r,�.:.._
<br /> . _ secured bY tbis Deed of Tiost. Hawever,this oprion shall noi be exercIsed by Lendes if exercise is pmhbited b9 fedeial law ,:;�,�,:
<br /> _. , .:.� as of the date of this Deed of Tmst. '� .- . `.�.�?_;
<br /> If l.ender eacerrcises this oPtion. Lender shap give Bormwer notice of accelcration. The norice sflal] ntavide a ..
<br /> ce
<br /> perFad of not less than 30 days from the date the notice is delivered or mai2ed within which Boaawer zaust paY a11 sums ::�,=
<br /> � � � seaued try this Deed of Tmst. If Bormwer fails to pay these sums Prior to ths expiration of this period,Lender may iavoke . . ..,,�
<br /> . , � �y��dies pennitted by this Deed of Tnut without fiuther notice or deiaand on Honower. _ ; . . . �
<br /> ' NON-[JNIFORM COVENANTS. Borrowet and I�ender further cavenant and agreE as foUows: .,...:,�'
<br /> ,:�.s 17. Acce�eratton;Remediea Eacept as provided in para�'apb 16 hercol,apon Bormwee's breac6 oi aay •
<br /> :, `, , covenant or agreement ot Borrower in thia IDeed ot Trast,inctuding Bosreswer's taibre to pay,by the end of teu(10)
<br /> . calendar daye after the datc they are duG uny smns secared by ti�fs Dced of Trast,l..ender prtos to acccteration s�a11 � : . ,
<br /> gtve notice to Honrawer as provlded in paragrapb 1Z hereot apecitying:(1)We bmasm;(Z)the act�on reqoirEd to care
<br /> ° : sncb preach;(3)a datr�not less than 30 days trom the dat�the aottce is mailed to Borrower,by whicL snc6 breacb ,
<br /> , must be cared;and(4)that failnrE 4o care sacb breac6 on or be[ore the date specified jn the noSce may eesnti�o ...
<br /> � arceleration ot the snms secured by tDis Deed ot Trast and sale o!the Property. The notice s6a11 further i�orm
<br /> Borcower a!the rigpt to reinstate after acceteratton and ttie rig6t to bring a court actiun to assert the non-e:latence �
<br /> - - ot a detaatt or any other detense o!Horrower to accelerasi�m and sate. I!the breac6 is not cared oa or 6etore the :
<br /> ..y date ap�itied in the not�ce,Lender,at Leuder•a optton,may declare s11 ot the avms sc�ured by thla Deed of Trast to
<br /> be immediately dae and payabte without furthcr demand and may invoke the power ot sale and any oWer remedles
<br /> . permifted by applicable law. Lender aha8 be entiUed to callect�ll ble law.e1��8���� �pnrsWng the
<br /> � • r¢fficdiee provided ia thls paragraPb 17 tu the�tent permitted by app .
<br /> ' U l.ender invokes the power of sale,Lender or Tiustee ahall mail coptes oi a nottee of sale in the manner
<br /> • '1 pressribed by applica6le law to Borrower and to the otC�er persona prescribed by aPP���icable 1 Traste��vit6ant �
<br /> � aotice of sale by publlc advertiseneent tor the dmc and in the manaer prescrlbed by app ' ,
<br /> demand on Sormwer,shall se�l the Pruperty at pa6lic auctton to the higQest bidder tor casb at the dme and pfa�:a i
<br /> � and ander ttie terma desi�nated in the notice of sale in one or morc parcele and in sncb order as Trustee may , .
<br /> � ,� deternilaa Trastee may postpone sate ot all or any parcel of the Property to aay later time on the same date by i
<br /> - '` pu6Uc announccmeat at the time and place of any previously scheduled sate Lender or Lender•e desip�ee may � .
<br /> � ; Purc6ase the Property at any sale. � .
<br /> �'' Truatee ahali deliver to We purchaser Trustee's deed com�eying t6e Property so sold writhaut any coeenant or
<br /> -- warranty,espressed or implied. 17ie recitats in the Trustec'�deed sLa!!he prima tacie evidence of the truth of the �
<br /> ��L � statements made therein. Trustee s h a 1 1 app ly the procceds of�he sale in t6e following order. (a) to all costs and ,
<br />` - � ¢apensee c�ercising the power ot sale and of the sale,includln�Trustec's fces not eaceeding 5%o!the ontstandie� f
<br /> principal balance�nior�Trust'deeda,m rt�ges olr o der lienholders.'and (d)e he e ces�s,�it any to t e person`or
<br /> f u � .
<br /> to the payment o �
<br /> . , persons legally entitteA t6ereto. I .
<br /> - t 41• �% � �
<br /> . ' • Form#739 NE (10196) Page 3 of 5 �.. _..._.
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