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<br />- � � � � ''�t �� � 9�� �m��� k �R�: . ::`
<br /> � owner of the propetcy.{�)a transfer iato an inter vivos trnst in which the Bottower is and remains a beneficiary and ! - . ` --
<br /> " ` � ` ' cshich does not relate to a transfer of sights of accupaacy in the ptoperty.or(i)anp othet transfer or dispositioa . . , ,.
<br /> t ��• describerl in regulations prescribed by the Federal Home Loan Bank Board. Borrower shell cause to be submitted ;
<br /> . � � information required by Lender to evaluate the tsansferee as if a new loan were being made to the uansferee.Borrower • <.
<br /> ` , � will continue to be obligatod wcder the hote and this Deed of Trust ualess Leader releases$omnc+rer in writing. - . .
<br /> r � If Leadec does not agree to such sale or transfer.Leader may declare atl of the sums secured by this Deed of Trust to . . �
<br /> . ' ' be immediately due and payable. If Lender eaerci.�s such option to accelerate, L.e�der shall mail Borrower notice of • , ° <
<br /> � acceleration in accordance with paragraph 12 hereof.Such notic;e shall provide a period af aot less than 3U days from the �
<br />�'?;` � date the notice is asailed or delivered within cvtuch Borrower may pay the suma declared due.If Borrower fails to pay .
<br /> - _.. -Y_•—^ such sums prior to the eapiration of such periad,Ixnder may. without further notice or demand an Borro�rer. invoke _____�_: �l:.f:_�
<br /> � �' t aay remedies permitted bY P��Ph 17 hereof. ' '. . .
<br />'_'� • NON-UNIFORM COVENANTS.Borrower ansl Lender further covenant and ag�ee as follow� � f
<br />:_?:� : 17. Acceleration; Remedies. Escept as provided in par�graph 16 hereof, 0i 8S OthCfSYiSE !C�]II1fCd by IHW� •
<br /> `�'•.: ` , IIpoa Bono�ver's breach of say covenant or agreemeat of Bosrower in tbis Deed o! Trost, includiug , z�.� ; ,�
<br /> ' ' . Bono�ver's fa'slare to pay, by the end of ten(14)catendar days after the date they are dae.any sums secnred - . ,
<br /> rC � �
<br /> :., by this Deed of Trast, Lender prior to acceleration shaU give notice to Bono�ver as provided'ue paragcaph 12 ' � �`�F
<br /> . hereof specifyia� (I)the breacb; (2)the actioa requ'ued to care such breach: (3)a date,aot less t haa 2 8 d ays ;.''.:
<br /> .,- .. f r-t..
<br /> �' • • irom the date the notice ia ma�led to Bosower,by which such breach raust 6e cored;aad(4) that failore to .�-.�
<br /> :_ � � ' � cure such breach on or before tl�e date specified ia tbe aotice may resnit in acceleration oi the snms secure� ^•,::�=
<br /> f.� . � —
<br /> : �. � hy this Deed of TrusE aad sate oi the Property. Tlte notice shaU fnrther inform Honower of the right to . __
<br /> :;;' ° � reinstate after acceleration aad the right to bring court action to assert the noaexistence of a defaolt or any ' i�'•,. �;:�_
<br /> �' other defense af Barrower to aoceleration and sale. If the breacL is not cured on�os before the date speci.fied ' ��v•_.
<br />-iF=,' :� • . ia the notice, Leadet. at Lender's option, may declare aU of the sums secured by this Deed of Trust to he • ' -�`
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<br /> _ ; - immedaately due aad papable without further demand and may invoke the power of sale and say other ' -,;Y;;�,
<br />'-<;, , � remedies permitted by applicable taw. Lender shall be entitled to cotlect all costs and eapenses incarred in __=.��,
<br /> � �:� #'��F:
<br /> : ' pursuiag the remedies provided in this partsgrapb 17 to the ertent permitted by appliceble lew. " , �;�.:
<br /> � �,` U Lender invokes the power o!sale,Lender or Trustee shall mail copies of s notice of sate in the manner . `� r.
<br /> prescribed by applicable law to Bonowet and to the other persons presctibed by applicable ia�v.TrusYee shall � �� "'
<br />- =` � ' . • ••� give notice df sate by pnblic advertisement for the time and in the mannes prescribed by applicable law. : _�a '_�a
<br />.`� • --
<br /> ' � Trnstee,without demand on Bonower.shall sell the Property at public aoction to the highest bidder�or cash �� ''�
<br /> `�;:. �� at the time aad place and uader the terms desigaated ia the aotice oi sale ia one or more pascels and in sacb , i f�:--.
<br /> ' "`-.�=.
<br /> - .� order as Trustee may determiae. '1'rostee may postpoae sale o!all or aay parcel oi the Propetty to any later . . . ",�;,_;
<br /> ' � time on the same date by public annaancement at the time and place of any previonslq scheduled sale. •�:�':'',"'`
<br />- . Lcader or Lender's design�e may purchase the Property at aay sale. � - �.�r��
<br /> • . � Trustee shall deliver to the purchaser Trustee's deed conveying the Property so sold without any covenant : .. •:.�
<br /> � . . os wasrantq. espressed or implied. The recitals in the Trustee's deed shall 6e prima facie evidence of the , �"•�y-
<br /> �� � truth of the statements made thereia Trostee shall apply the proceeds of the sale in the follovving arder: (a) , .;::;�
<br /> to all reasonabte costs and expeases of the sale. including, but aot limited to. reasonabte Trnstee s fees and � --
<br /> � .�`� attomeys'�ees and costs oi title evidence; (b)to all sums secured by this Deed of Trost; and(c)t�e eacess,if ' � , ' '"'_
<br /> any�to the persoa or persona legally eatitled thereto. , . ;���'
<br /> � � - 18. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the suma secured by tlus Deed of , . • ..,;�
<br /> ' ' .... Trust due to Bonower's breach,Borrower shall have the sight to have anq proceedings begun by Lender to enforce thia : .•:�•
<br /> � • Deed of Trust discontinued at any time prior to the earlier w accur of(i) the�fth day before the sale of the Property � , ..�.¢
<br />_ � ' � pursuant to the power of sale contained in this Deed of Trust or(ii)entry of a judgment enforcing tlris Deed oY Tn�st i4: . "
<br />�; _, . • • (a)Bonower pays I.ender all sums which Nould be then due under this Deed of Trust and the Note had no acceleratian •• :: �
<br /> occurred; (b) Sonower cures all breaches of any other covenants or agreemeats o4 Bonower contained in this Deed ot ._
<br />_ � Trust: (c) Borrower pays all reasonabla expenses incurred by L,cnder and Trustee in enforcing the covenants and �• �
<br /> • � agreements of Bonower contained in this Deed of Trust,and in enforcing Lender's and Trustee's remedies as provided ,��;��
<br /> '� . . in paragraph 17 hereof,'sncluding,but not limited to.reasonable attomeys'fees to the eatent permitted by applicable law; ' ..
<br /> `' and (d) Borrower takes such action as Lender may reasonably require to assura that the lien of this Deed o4 Trust, .
<br /> ��. Lender's intereat in the Property and Borrower's obligation to pay the sums secured by this Deed ot Trust shall continue �
<br /> � unimpaired. Upon such payment and cure by Borrower, this Deed of Trust and ihe obli�;ations secured hereby shall . •
<br /> � . �. remain in full force and effect as if no acceleration had occurred. .
<br /> 19. Assignmeat of Rents; Appointment of Recciver; Lender in Possession. Aa additional security hereunder, � ,
<br /> '�`'�'' • Borrower hereby assigns to Lender the rents of the Property.provided that Bonower shall, prior to acceletation under • .
<br /> � paragraph 17 hereof or abandonment of tha Property,have the right to collect and retain such rent�as they become dua � ,
<br /> . � and payable. '
<br /> • • ' Upon acceleration under paragraphy 17 hereof or abandonment of the Property, Lender, in person. by agent or by ,. : , •� �.
<br /> ' , judicially appointed receiver,shall be entitled to enter upon, take possession of and manage the Propetty and to callect � . • .
<br /> ' the rents of the Property including those past due. All rents collectr.d by Lender or the receiver shall be applied first to ,. .
<br /> - . payment of .;: costs of management oP the Property and collection of rents,including, but not limited to. receiver's �
<br /> . fees,premiums on receiver's bonds and reasonable attorneys' fees. and then to the sums secured by this Deed of"frust. • . �
<br /> � I.ender and tAe receiver shall be liable to account only for those tents actually received. � � .
<br /> • 20. Release. Upon payment of all sums secured by this Deed of Trust,and,if this Deed of Trust secures a Revolving �
<br /> = I,oan Agreement, Borcower requests Lender to release this Ueed of"Trust, Lender sha11 cause this Deed o!Trust to be : � .
<br /> - ` released cvithout charge to Borrower.Borrower shall pay all coste of recordation.if any.
<br /> '•� s ' ? 21. Substitute Trustee. I.ender, at Lender's option, may from time to time appoint a successor uustee to any ,. �
<br /> - . �i Trustee appointed hereunder by an instrument recorded in the county in which this Deed of Trust is tecorded. Without �
<br /> I conveyance of the Property, the successor trustee shall succeed to a11 the title, power and duties con{ened upon the • .
<br /> � � "frustee herein and by applicabie lasr•. .
<br /> � . , � 22. Request for Notices. Horrower requests that copies of the notice u[ default and notice of sale be sent to ' .
<br /> t - ; . Horra�ver's address�vhich is the Property Address. .
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