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' I , . " ..�.�---- �--__ � :, , , ; . , . ._ !. ` ,. 03110/1997 t<, , � r �,. ;.�
<br /> JBSIIS R ROMSRO 9`ls �Ag��� 100719 .
<br /> ' ' 9.GondaunaEion.'lhe proceeds of any award or cL�im for damages.ditect or coaset�e�ial.in connection with any ` '";,4;,�
<br /> � condemnation or ather caking of the Property. or pan thereof. or for comeyance in lieu of condeffin3uon. are hereby , �._ r,__
<br /> � assiBned and shall be paid to I.eader.subjecc w the tecros of azry nnortgage.deed of tmst or osher security agreement with a � � -:
<br /> ` �� lieu w6ich has priority over this Deed of TnLSt. ` ' '=
<br /> 10. Borev�er Nai l�et�ed. Foa6earance BY Leuder Piot a Walv�. Extension of the time for paymeat or ; :"' :�..
<br /> ' modificarion of amortizadon of the sums secured by this De�d of Tc�st granted by Lender to any success°r in interest of -
<br /> Borrower shall not oFeiate to release. in any manner. the liabilih'of the original Bortower aad Horrower's successois u► ; �
<br /> • interest. Len�er shall noc be required to ce^,t„�^,p p�aSain�c such succ�s�r or refuse to excend rim�for paymeuc F , � .; .
<br /> � or otheswise motify amottir�don of the sums s�ured bY�his D�d of Ttust by reason of a�+demwd made bY the original ` -
<br /> Borrower ansl Borrower's successois in inseresL AnY forbearance by I.en�Per in ea�ercising anY right or remedy hereunder.
<br /> . ` � or otherwise afforded by applicable law.shall not be a waiver of or prectude rhe exercise of any such right or reme�iyherein � ' 'b�
<br /> '� 11.Stx�ofs ea�d���dolai and Sev�ral I�ability.Co-sig�s- The covenants and ag��s •
<br /> � contained shall bind.and tt�rights hereunder s}�all itmte tn.the respactive suocessals and assigns of L.ender and Borrawer. - - , ' -: . - �
<br /> . , � subject co[he provisions of paragraph 16 hereof. All covenants and agreemeffis of Bo�ower shall be joint and several. ,
<br /> Any Bosower who co-signs this Deed of Tmst.but daes not execute dae Note. (a)is co�ssSning this D�d of Tnist only to f �
<br /> . ,.•� grant and com+ey that Borrower's ivteresY in the Properry to Tmstee under the terms of this Dexd of Tmst. N) is nnt .��'
<br /> - personally liable on the Note or under dvs Deed of Trusc.and(c)aSc�s t�t Lender and any other Boaower here�nader � .-----I'--_-- --^ .. _-
<br /> may agree w extend,modify.fotbear,Qr make any other accom�dations with regard w t�e tetms of dus Deed of Tmst or , ' -
<br /> this Deed of Trust as to that �.
<br /> the Note,withaut that Borrower's consent aad without re1P�C�d�at Borrower or mod�fjrin8 , , -4`.
<br /> , Hoirow�r's interest in the PcopertY• ' • �' �
<br /> 12.Notice. Except for any nntice requimi nnder applicable L3w w be given in another manner. (a) anY not�ce[o ' _ -
<br /> such notice b ce�ified mail :�"�''-
<br /> � � Borrower provided for ia this Deed of Tmst shaU�e given by deiiveung it or by �nS b nnu'ce to Lender as • .. ; � , �•�-
<br /> �. �.� addressed to Borrower at the Propeit}r Addmss or as snch ather addcess as Bornnwer may desig�ate Y ...
<br /> provided herein.and N)�Y notice[o Lender sball be given by certified mail w I.ender's addr�ss stated herein or co such � � ���,�
<br /> ' '� other address as Lender maY desiSaate bY notice to Boxrower as gac�.:�ed herein.Any notice piuvided for in thas Deed of . .
<br /> � -• �, G�.
<br /> T:ust shall be deemed w have been given to Horrower or I.ender��given in the manner designated 1�crein- '� � � ..-
<br />' ' 13.Governing Law;Scwe�rability.The stace assd loral laws�+-,rscable to this Dced of Tmst shall be the laws of the . :�;{y;:,_�_ "
<br />� ".,� nnt limit d►e ]isability of Federal law to t6is , -.'i�`
<br /> � jurisdiction in arhich the Property is located. The foregoing semence shall aPP . _
<br /> •.��I Deed of Tnist. In the event that any provision or c'�se of dus Deecl of Tmst or the Note conflicts with applicable law. ,' t ,� ,��'_ �
<br /> such conflict sha11 not affect other pmvisions of[:�s Deed of Tmst or the Note whiciz can be 8iven effect withnut the . . ."{.�, �•
<br /> � conSicting provision, and to this end the proviss��s of this Deed of Trust and the Note are declated w be severable. As �, `•�.�+�►�� :. �--
<br /> used herein, °costs". •expenses• a� •�°�ys� �' �lude ail soms to the eatent not pa��.'bited by applicable law or .,-- . � �r,�` i'� �.t:---
<br /> limited herein. of[t►: Note and of this Deed of Tiast at dze ! :� �,�
<br /> Borrower sball be fumished a confonned capy e • � ';: '. �`��:
<br /> � 14. Borrower's Copy. : s, �
<br /> • time of eaxution or after recordation�x�f. -. � -� �
<br /> / D5. Rehabilitation Loan A�eat• Boaower shall fidS�U all of Boma�es's oLiigarions under any home _ , ., .,r,.,;
<br /> . � rehabilitation.improvemant.repaitr or otber loan agreemenc wluc���sower enters into wiih lxnder.Lender.at I.ender's , ��`'� : '�:-
<br /> • option, maY reclu�r� Boaower to exewte and deliver w Lender.in a form accePtable to Lender. an assignment of any , , � -�
<br /> • rights,claims or defenses wLich Barrower may have against parties who suPPly labor.materiaLs or seivices in connection ;�� . �
<br /> ... with impmvemenu made w the Property. x s> —
<br /> y or aay interest �r .�t: � i'"
<br /> `_�' 16.Tr�asPer of the Property or a Beaefidal Iat�est in Borrawer. If all or an part of the Pcoperty :-:-;_,: ,_
<br /> . ;,. .
<br /> in it is sold or uansferred(or if a beneficial interest in Borrower is sold or nansfeued and Borrowe��of sU sums ' ._�''°'�-
<br /> .. ��pa��. .�.,.,.,.: �
<br /> : peison)�vithaut Lender's prior wriuen consent.Le�er may.at its aprion.require �°�5�;::: �.�''-:
<br /> � secure�by this Deed of Ttust. However,this oprion shall not be eaercised by Lerder if eaerciss is protu'bited by fedeial ��;.-..;�
<br /> law as of the date of this Deed of Ttusc. �� �
<br /> If I.ender exercises this optian. I.ender sha118i"e Boirower antice of acceletarion. 'T�modce sha11 Provide a period
<br /> `..,. of aot less thw 30 days from the date the norice is deHveied or mailed witLin wLich Bo:rawer mnst pay aU sums secvred `: �
<br /> ' by this De�d of Tiust.If Boaower fails ta pay these sams prior to the expiradoa of thia pe�Fod,Lender may imroke any ..,�� - �,�;:�,.��.
<br /> remedies permiued by this Deed of Tmst withont fmrther notice or demand oa Boirower. ,;��---
<br /> " NoN-UIV�ORM CovENANTS. Borrower aa��.2nder further cavenant and agree as follows: �:�r� t;•c�--
<br /> � 17. Acceleratton3 R�edtes. Escept as �,�vided in para�raph 16 6sreof. upon Horeower's brr�cb of any _ ' �
<br /> .. ' coveaant or��t of Boaraw�r in t61s IDced of Teast,inciudin�Bormw�r's[alltu�to psy,by the md of 10 .�° ..-. _.
<br /> t s �°—m
<br /> :.�..�
<br /> cal�dAr days att�t6ey are due,s�y sums s�by this Deed of Tn�st,Lmde*Ddor to accelerattoa�shaYl�ive �.�"�� ---
<br /> h IlZ�ereof specifyln�: (1) the br�xch, (E)t6e actloa reqWred to cure '�•. y... .: .:�.
<br /> � aotice to�orrower ns pmvtded in p�raYaaP : •`",.. ..�"�
<br /> • suc6 brtac63(3)a dat�.aaa les9 t�n 1A days fram t6e date We nottac is maited to Bormwer,by which surh breach 'A--�- � ,
<br /> 9
<br /> m u s t b e aa�ed 3 and(4)tbat fa11�to cune such 6reach on or before the dnte��no4ic�s h a l l f t n t h w r i n f o i m � ., ' � ._ .
<br /> ,. secda�a!!on of t6e s�s secured�y tWs Dee�of Tnc4t and sa2e of the Prop�tY• �..
<br /> Borrow�of tbe ri�ht to rd�tate at4er acceleietian and the dght to brin�a cowt acUon to a�st the none�te�e of . . � .. •
<br /> a defstult or aay ot�ei dePense of Borrower to acceleratlon and sale.If t6e breach is not c�ue8 aa or belore the date ': . . �"�_"`.-
<br /> spec[fied in t6e noRice, I.ender.at Les►der's optlon,m�y declare all of t6e su�s secured by thls Deed of Taust to be _ .
<br /> immediaidy due and papabte witho�furt6er d�and an�mey invoke the power of saie and an1 othn'r�edies • t__
<br /> an
<br /> peimitte�l by appficable law. �dtr shall be�eat[tl�ctudinS,�b�t ao Wn(ted toe reasonab e att�o�mey�f� in : � —
<br /> pnrsuing the ranedles provided ia u^�1s paraSraP � '. ' _.� ,
<br /> IP the power ot sWe is lavoked,Tnistee s�l record a nodce of defaWt in each co��b �t��IeUtw to .
<br /> . some part t6ereof i�tapted and s5aI1 mail a1Ffe9 of such notice in t4ee manner p Y aPP � --
<br /> Borrowv and to ttze ather�ns pr�crf6ed by appllcabYe law.Atter the lti�se of such tlme a�mny be required�9 . �:
<br />� appllcable law,Trutitee shall{{ive publlc noitce of saYe to t6e pe�son9 and!n We maoner Presaribed by appi3cable . .
<br /> law.Trustee.wiWout demsnd on Borrower,ahall sefl the Pro�erty at public audion to the 6lghcst b�dder at t6e time . ___
<br /> and place and�under the terms desl�sated in ttie notice oP sate in one or more pane�and in suc6 order t�s Tnzstee _
<br /> may dete�lne.Trustee may postpone sale of a11 or any parcel of t6e Propeaty by publls ennouaaemeat at the ttme • �G-
<br /> and plstce of any previo�ly scheduled sale.LendPr or LeadPr's desiIInee may purcha�e the P�roperty at any sate. . • f,
<br /> Upon reoeipt of payment of th2 pr�ce bid.Tn�stee shaU dffiver to t6e pwcbase�r Tru�ce's deed wnveytn$the �"
<br /> F;op�.� �o�d.:�2 r��..-'t�l.�tc t�s Tru�w's�+�t1 sb�il be prima Pade evideace of the tnrt6 of t6e statements made - - - - ----
<br /> therein.Trustee 6ha11 apply the pmcee�of the sele in the following order:(a)to a➢1 reasonable cosTs and�p�s�of (. .
<br /> � the sale,iacluding,birt nnt limited to,Trustee's Pces a�ually insurred of not more t6nn 5°�b of the gross sale prtce, l �
<br /> rea�on3bls attomey9' fees and costs of title evidence; (b) to all sums secured by this Dted of Tnc54; and (c) the � � . E_
<br /> �"_
<br /> � a►ce�.iP anY,to tP�e person or persoag legallq e�ti3led t6ereto. i , _
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<br /> ���3�r s �. . .- - . :---.. �
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