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<br /> does not execute the Note,(a)is co•aigning this Deed of Trust only to grAnt nnd convcy that Borrowcr's ,
<br /> interest in thc Property to Trustee under the terms of this Deed of Trust, (b)is not personally liable on the
<br /> Note or under this Deed of Trust,and(c) agrecs that L.ender and any other Borrower hereunder may agree
<br /> to extend, modify, forbear, or make ariy other accommodations with regard to the terms of this Ueed of •
<br /> Trust or the 1Vote,without that Borrower's consent and without releasing that Bonower or modifying thie , ,
<br /> Deed of Trust as to that Bonower's interest in the Properry. ,:;�?��`"
<br /> 12. Notice. Except for any notice required under applicable law to be given in another manner. (a)any ;�„�;.
<br /> notice to Borrower provided for in this Deed of Trust shall be given by delivering it or by malling such :,,�:.�.-
<br /> notice by certified mail addressed to Bonower at ehe Proper[y Address or at such other address as . ----�---
<br /> Borrower may designate by notice to Lender as provided herein,and(b)any norice to I.endar shall be - .-- —
<br /> given by certified mail to Lender's address stated herein or to such other address as Lender may designate �__
<br /> by nodce to Horrower as provided herein. Any nodce provided for in this Deed of Trust shall be deemed `
<br /> to have been given to Borrower or I.ender when given in the manner designated herein. 'th"=.
<br /> 13. Goverutng Law;Severa6ilitry.The state and local laws applicable to this Deed of Trust shall be the _---
<br /> laws of the j�uisdletion in which the Property is located. The foregoing senteace ahall not limlt the -
<br /> applicabiliry of Federal law to thls Deed of Trust. In the event that any provision or clause of this Deed of __
<br /> Trust or the Note conflicts with applicable law,such conflict shall not affect other provisions of this Deed
<br /> ,� of Trust or the Note which can be given effect without fhe conflicting provision,and to thls end ttte
<br /> provisions of this Deed of Trust and the Note are declared to be severable. As used herein, "casts", �
<br /> " "expenses" and "attorneys' fees" include all sums to the exteat not prohibited by applicable law or limited
<br /> 'r'� herein.
<br /> 14. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of
<br /> ;: Trust at the dme of execution or after recordation hereaf.
<br /> * 15. Rehabilitat[on Loan Agreement. Bonower shall fulfill all of Bonower's obligations under any
<br />___-_ _ ._ ___ _ ��mp sPhahilitation, improvement, repair or other loan agreement which Borrower enters iato with
<br /> � Lender. Lender. at Leader's option. may require Bonower to execute and deliver to Lender.in a form �.
<br /> . ;1 acceptable to Lender, an assignmeat of any rights,claims or defenses which Bunbwer may have against �a�
<br /> parttes who supply labor, materials or services in connecdon witb improvements made to the Property. _
<br /> � 16.T�nsPer of the Property or a Benefictal Interest in Borrower.If all or any part of the Property or _
<br /> . . ° any interest in it is sold or transferred(or if a beneficial interest in IIonower is sold or uansferred and �-
<br /> ' � � Boaower is not a namr�l person) without Lender's prior written conseat,Lender may,at its option,
<br /> � require immediate payment in full of all sums secured by this Deed of Truat. However, ttris option shall -
<br /> � not be exercised by I.ender if exercise is prolubited by federal la�v as of the date of�his Deed of Trust.
<br /> � +�• If Lender exerclses this option, Leader shall give Doaower notice of acceleration. The notice shall _
<br /> �" ' provide a period of not less than 30 days from the date the nodce is delivered or mailed within which
<br /> Boaower must pay all sums securesl by this Deed of Trust. If Bonower fails to pay these sums prlor to ��,�;.
<br /> the expiradon of this period, Lender may invoke any remedies pernutted by this Deed of Trust without __
<br /> �� further nodce or demand on Bonower. �•._
<br /> I�TON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />� 17. Accelea�ation;Remedies.Except es provtded in parngraph Y6 hereof,upon Borrower's breach of � f _
<br /> any covennnt or agi�eement of Aorrower in this Deed of'IYust,tncluding Borrower's failure to pay, by
<br /> :';,'; . the end of 10 calendar daye atiter they are due, any sums secured by this Deed of Trust,Lender prfor L���_
<br /> to acceleratlon shall �ive notice ro Horrower As provided in paregraph 12 hereof specttying: (1)the -,t�•�::;�-�—
<br /> . � breach; (2) the actton required to cure auch breach;(3)a date,not less than ZO days from the date the _ - _� �
<br /> .•t� noNce is mciiled to Borrower, by which such brp.ach must be cured;and(4)that fallure to cure such -
<br />�;� • , breac� ov or betore the date spedtled In the notice may result in acceleratlnn ot the sums secured by -��°°-_
<br /> . ,� � this Deed of Trust and�ale of ihe Pa�operty.The noHce shall further Inform 8orrower of the rtght to �°�"`
<br /> retnstate after acceleraUon and the right to bring a coe�rt action to assert the naneidstence of a default ''�`'""'�=��=._:
<br /> <;�•�`�_���,r_._��_
<br /> . or any other defense of Borrower to acr.eleratfon and sale. If the breach is not cured on or before the s-�, ,:--...
<br /> „ date specifded in the nodce, Lender,at Lender's option,may declare all of the sums secured by thts � ��`�'���'°""
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<br /> .Y •l•H� ���y
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<br /> - Deed of 'lYust to be trnmediately dae and payable wlUnout further deu�and anel may Invoke the power ;.,,���..:
<br /> of sale und eny other remedies permitted by applicable law.I.ender shall be ent[tled to collect all ' .";�'"'.;;::'
<br />- � , m,asonable costs and espenses incurred in pursuing the remedies proWded W thts paragraph 17, ��.��. . '?f;.'�°•:;•
<br /> including,but not Ilmited to,reasonable attorneys' fees. ��� . �
<br /> Borrower Initfab� ' . ,
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<br /> Form 3828 (page 4 of 6 pages) '
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