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<br /> 98—�csi3�s � . �
<br /> . I 9, Condemnalion.Thc procccds of uny nward or claim for damages,dircct or consequcntial, in conncctian with i �
<br /> � any cnndemna�ion or othcr talcing of thc Property: or part th�rcof, or for convcyancc in licu of condcmnation, arc
<br /> hereby assigncd and shaU be paid to Lender, sub�ect to the terms af any mortgage,deed of trust ar other securicy i
<br /> � agreement with a lien which has priority over thls Dced of Trust.
<br /> 10. Borrmver Not Released; Forbearance By Lendcr Not a Wulver. Extcnsion of thc timc for paymer�t or
<br /> mociification of amortization of the sums secured by this Deed of Trust granted by Lender to any successar in
<br /> interest of Borrower shall nct aperate to release, in an� manner, the liability of the original Borrower and .
<br /> Borroa•er's suceessors in interest. L.ender shall not be requ►red to commence proceedings against such successor or
<br /> refusc to cxtend time for paymenc or atherwlse modify amortization of the sums secured by this Deed of Trust by :•,.;��.,• -
<br /> reason of any demand made by the original Bonawer and Borrower's successors in interest. Any forbearance by �'-:���
<br /> Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver ,�'�°�
<br /> of or preclude the exercise of any such right or remedy. • _ _.
<br /> 11. Successors and Asstgns Bound; Joint nnd Severel Liability; Co-signers.The covenants and agreements � ;��_.�_,�
<br /> herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender
<br /> and Borrower, subject to the provisions of paragraph 16 hereof. All covenants and agreements of Bonower shall be
<br /> joint and several. Any Bonower w�ho co-signs this Deed of Trust, but does not execute the Note, (a) is co-signing
<br /> this Decd of Ti ast only to grant and convey that Borro�ver's interpst in the Property to Truxtee under the terms of this ,
<br /> Deed of Trust,(b)is not personally liable on the Note or under this Deed of Trust,and (c) agrees that Lc�.dei �tnd -
<br /> any other Bonower hereunder may agree to extend, modify,forbear,or make any other accommodations with regard : _
<br /> to the terms of this Deed of Trust or thc Note, without that Borrower's consent and without releasing that Bonower
<br /> . or modifying this Deed of Trust as to that Bonower's interest in thc Property.
<br /> 12.Notice. Except for any notice required under applicable law to be given in another manner. (a)any notice to
<br /> � Borrower pravided for in this Deed of Trusc shall be given by delivering it or by mailing such nocice by certified mail =
<br /> , ! addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to ��
<br /> Lender as provided herein, and(b)any notice to Lender shall be given by certified mail to Lender's address stated ' �. •
<br /> herein or to such other address as Lender may designate by notice to Bonower as provided herein. Any notice ''�� �'-�
<br /> provided for in this Deed of Trust shall be deemed to have been given to Borrower or l,endcr when given in the ••E:�`• �i
<br /> maziner designated herein. �',� ��=
<br /> 13.Governing Law;Severability.The state and local laws applicable to this Deed of Trust shall be the laws of -
<br /> - thc juris3iction in;�hich thc Propert�i�le.ated. The foreboin; sentence�hall not limit �hP�PPlicabilicy of federal =��_�,_: _,�'�
<br /> � law to this Deed of Trust. In thc event that a�iy provision or clause of this Deed of Trust or the Note conflicts with �"Y���;,
<br /> applicable law,such conflict shall not affect other provisions of this Deed of Trust or the Note which can be given i���z';
<br /> effect without the conflicting provision,and to this end the provisions of this Deed of Trust and the Note aze declared `
<br /> • to be severable. As used hemin. "costs," "expenses" and "attorneys' fees" include all sums to the extent not ,4��'�:-
<br /> prohibited by applicable law or limited l�erein. �i�°�
<br /> - 14.Borrower's Copy. Borrower shall be furnished a confarmed copy of the Note and of this Deed of Trust at ' ;�:_
<br /> - the time of execution or after recordation hereof.
<br /> " IS. Rehabilitation Loan Agreement. Bonower shal! fulfill all of Borrower's obligations under any home
<br /> ' rehabilitation, improvement, repair, or other loan agreement which Bonower enters into with Lendcr. I.ender, at
<br /> '� LendePs option, may require Borrower to execute and deliver to Lender, in a form acceptable to Lender, an '��`'�"�'
<br /> rassignment of any rights,claims�r defenses which Borrower may have against parties who supply labor,materi�ls or ::�.,
<br />- ' 4• services in connection with improvements made to the Property. "'�'-R'—�`
<br />_ 16.Transfer of the PropeMy or a Beneftcial Interest in Borrower. If all or any part of the Property or any ,�---
<br /> interest in it is sold or transferred(or if a beneficial interest in Bonower is sold or transferred and Borrower is not a �';,.�,�„�,;��
<br /> natural person)without l.ender's prior written consent, L.ender may,at its option, require immediate payment in full =____
<br /> - � of all sums secured by this Deed of Trust. However, this option shall not be exerc{sed by Lender if exercise is � -_
<br /> prohibited by federal law as otthe date of this Deed of Trust. ��'
<br /> _ � [f L,ender exercises this option, L.ender shall give Borrower notice of acceleration. The notice shall provide a �•�:,�-
<br /> period of not Iess than 30 days from the date the notice is delivered or mailed within which Bonower must pay all �;,�,��-�„�
<br />�. ' sums secured by this Deed of Trust.If Borrower fails to pay these sums prior to the ezpiration of this period, Lender " • ----- -
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<br /> may invoke any remedies permitted by this Deed of Trust without funher notice or demand on Borrower. *�:,�:-.��-
<br /> ' IVON-UNIFORM COVENANTS.Borrower and Lender further covenant and agree as follows: . M». �"'' °"
<br /> 1 17. Acceleration; Remedtes. Except as provided in parugrr,�ph IG hereof, upon Borrower's breach of any � �'�'. �'�:�`'
<br /> - � covenant or agreement of Borrowcr in this Deed of Trust, Including Borrowe�°s failure to pay, by tl�e end of �• '^���' �: , .
<br />= I 10 calendar deys after they are due,any sums secured by Ehis Deed oP Trust,Lender prior to ucceleratton shall '�V � ,
<br /> glve notice to Borrower ns provided in paragrnph 12 hereof specifying:(1)the breuch;(2)the action required to
<br /> cure such breuch; (3)a date,not less thun 20 days from the date the notice ts mailed to Borrower, by which -�''�
<br /> — � such breach must be cured; nnd (4)that failure to cure such breach un or 6efore the date specified in the notice •
<br /> Fo�m`828 �
<br /> ��•761N8)196021 P�oo a oi s ��mo�e: � I
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