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<br /> ; ._ - ... . � .. . '__`___- . .. . . . . . " '_— ' — ���.✓�� ` �'__-_—c., �'4,,.��
<br /> P'
<br /> . �� t • ,
<br /> ; 11.5uccessors end�ssi�ps Bound;doint aad Several Llabll3ty:Co-signers. The cuvenancc and agreemrnu herrin cuntained � . . _
<br /> ! . sh•rll hind,and the rigttts hereunder shal!mute w,[he respecuve+uccessots and assignc of Lender and Borro�eer, suhjec� to the __
<br /> pruvisiuns of paragraph 16 hereui. All cuvenxnts and ag[eetnents of$orrutver shall bc:joint anJ se��eral.Any Burro�cer 1►•hu cu- _ _
<br /> e s Deed ot Trust, but dues nu t C x ec u t e c h e N u t e, (a) i s c u-s i g n i n g t h is D ee d of TtLL,t unl y tu grant end �uneey that � "::;+�
<br /> ,iga thi .
<br />- } Burtower's intesest m the Property tu Trustee under I�1C[CTIIIti UI[I11S Deed crt Trust, (b)is nut penon:illy liahfr urt thr Nuce ur -
<br /> � i undcr thts Deed ot Trust, and (c)ngrees[hd� Lender and any utiicc BJIiviS2l ;�reurtder rn:sy�g:=r LL` rstrnd, m��dify,ti�rhe:,r. _ _ — _
<br /> ' or make any uther accommodstions with regard tu the terms uf this Deed of Trust or chr Nute,�vithuut that Burruw�cr's wn.�ent . , .
<br /> • � and w7thout releasing that Borrower ar modifying this Deed of Tnist as to thdc Burrower'�interes[ �n the Proper[y• ' �,
<br /> • 1Z. Notlee. Except for any nonce required under applicable la�v to be given in another manner,(a)any nutice to Bonuwer � .;,�,_=•
<br /> , provided for in this Deed of Truse shall be gi�en by delivering i[or by mailing such noace by certihed m:ul addressed to Bortower ,
<br /> et the Property Address ot at such udier addrecs as Borrower may desigrute by nutice ta Lender a+prucidrd herrin,and(h) any _
<br /> nuucr �u Lcnder sheli he g�vCn ny cerunrd mail tu Ixnder's xddre�< s[ateS hcrc�n ��r tu .u�h uihrr nSdre+> a+ Lrndrr nin� ° ,
<br /> {�CSI$IIAIC by nuUCe tu Borruwer as provtded hereia. Any nuuce pruvided Cor m[his Deed ut Trust +II:�U hC IiCCI11Cl�[U fl:t\'C hCC❑ '� , �
<br /> ; given ro Burrower or Lender when given in the mnnner desig�[ed herein. � _
<br /> 1 13. Goveruing L.aw;SeverabII3Ly. The state and local laws applirable to this DeCd uf Tra�t �hall he tht laws uf thr _
<br /> jurisdiction in which the Property is located.The foregoing sentence shall not limit the xpplicabili[y uf iedrral law w thL, Deed � . _
<br /> uf Tnut. In the eveat that any provision or clause of tt�is Deed of Trust ot thC Noce contlicts with applicable law,such contlict , �
<br /> .•�� shall not affect other provisiotL4 of this Deed af Tnist or the I�Iote which can be given efiect without the contlicting provision. ^�,.
<br /> , . � and to dt'ts end the provisions of this Deed of Ttust and the Note ate declared to be severeble.As used herein,"cosu,""expenses" _,
<br /> ' ! and "attorneys'fees"include all sums to the extent nut protubited by applicable law or limited herein. _ '•�,�
<br /> � ! 14. Borrower'sCo�y. Bonower shall be fittnished a conformed copy of the Note and of this Deed af Trust at ehe time of
<br /> execuaon or after recordadon hereof. �',��
<br /> � .. ``�N��_
<br /> . I 15. ReLabilttadon LAan Agreement- Borrower shali fulfill all of Borrower's obliga6ons under any home rehabilitation, ', s '.;;,�f.r
<br /> improvement, repair.or other loan agteement wtuch Borrower en[ers into with Lender.Lender,at Lender's option, may require '' � s .,_
<br /> • � Borrower to execute and deliver[o Lender,in a form acceptable to I.ender,an assignment of any rights,claims or defenses which " ` ;-'�_�_
<br /> ' . � Borrower may tiave against parcies who suppty labor,materials or services in connection with improvements made to the Property. � . . .
<br /> 16. Transfer oithe Property oc a Bene�icial Interest in Borrowee. If all or any part ot the Praperry or any interes[ in it is - 4-;�°$�-�'
<br /> • , � sold or transferred (or if a bem°.ficial interest in Jiorrower is sold or trensfened and Borrower is not a narural person) without { � .'?�,.:
<br /> r• �,•�--='�== =
<br /> ;s ' , Lender's prior written consent, Lender may,at its opuon, require immediate payment in full of ell sums secwed by this Deed of ; ��.�
<br /> ' . Trust. However,this opuon shall not be exercised by Lender if exercise is prohibited by federal law as of the date ot this Deed ; , 'r�-�f
<br /> � -
<br /> . of Trust. ' - ,
<br /> If L.ender exercises this oppon, I.ender shall give Borrower nouce of acceleraaon.The noUce shall provide a period of nat f � . +�, ' � � _
<br /> less than 30 days from the date the nodce is delivered or mailed within which Borrower must pay all sums secured by this Deed .. y. . _ < = .
<br /> " ' of Ttust. If Bonower fails to pay these sums ptior co the e�cpiration of this period, Lender may invoke any remedies permitted , _ '..�_ _
<br /> � b this Deed of Tnut without further norice or demand on Bonower. _; . �
<br /> . Y !��
<br /> � �. . ;:��
<br /> 1�ION-UNffORM COV�NANTS. Borrower and Lender fiuther covenant and agree as follows: ( • �
<br /> 17. Acceleration;Remedies. Except as provtded in paragraph 16 hereof,upon Borro�ver's bresc6 of any covenant or —
<br /> end of 10 cade�dar da s after they are ,, ��:�°�"
<br /> '� a g r e e m e u t o f B o r r o w e r i n t h i s D e e d o f T r a s t,i n c l a d i n g B o r r o w e r s f a i�e w p a y,b y t h e Y << �
<br /> due,any sums secared by this Deed o[Trast,Lender prtor to acce7eratIon shalfl give nodce W Borrower as provtded in :,.:z. . -�,►
<br /> ....F::,-
<br /> � . paragraph 12 hereof spetifytng:(1) the breac6;(2) the actlon required W care such breach;f3)a date,not less tban ZO days _
<br /> ag a . �
<br /> � from the date the nottce is malled to Borrower,by wWch sucb breac6 must be cured;and(4)that fallure to cure sacb breach ,- ; . `,
<br /> on or before We date specified fn We nodce may result in acceleratiou of We sums secured bY this Deed ot Trust and sale of ,' �_. �� ���_
<br />, . We Property.The notice shal�tartherfnform Borrowerof the r�ght to reinstate after acceleratton and We right to bring a court . �;��;r.•_ -- =-
<br /> ha
<br /> action W assert the uone�stence of a defaalt or aay other defer�se of Borrower to auelerat�on and sale.lf¢he breacL is not ' ' '
<br /> • ��,;, ,. r
<br /> cnred on or before the date specified in i6e aottce,Lender,at Lender's optIon,may declare all of t6e sums secured by this Deed � .--�"��
<br /> �■�°°
<br /> of'lYast W be immedlately due aad paya6te wit6o�fm�Wer demand and may invoke tde power otsa2e and any oWer reaeedies . !_
<br /> • permitted 6y applicabte lacv.Leader shall be e�titled to collect all reasonable cosYs and enpea5es incurred in pmsWng the ,�r: ' ` �_ —
<br /> • remetties proetded ln this paragr.iph 17,i�rclnding,but not Umited W,reasoaable aitoraeys'fees. ...� �
<br /> Itthe power of sale Ls invoked,'I'rustee shall record a notice of default in eac6 cooaty in which the Prope�ty or some part __� '�`- �
<br /> thereof is iacated aad s�aD m�il copies of sach no dce i n We manner presc r l be d by ap p l i c a b l e l a w t o B orrowerand to the other ;,;-:,�,�, � _
<br /> persons prescribed by appllcaDle law. After the lapse e8 sue6 time as may be required by applicable Iaw,Tructee shail g(ve :. . �. '�•'��., .
<br /> ' pobllc notice of sate w the persons and in the manner prescr(bed by appllcable law. Tr¢stee,vrithout demand on Borrower, . ��'
<br /> shall sell the Froperty at publlc aaetion to the 6lghest 6ldderat We time and place sud under the terms desigeated in the uotice . . . �Y
<br /> , of sale in one or more parcels and in suc6 order as Trustee may deternilne. Trustee may postpQne sa�e of aU or any parcel "'� ,�
<br /> of the Property by pnbllc annoancement at the tlme aadJ piace of any previously sc6eduled sale. Lender or Le�der's desiguee � ��«�
<br /> � may parc�ase the Property�Y any sate. � . =
<br />• � Upon receipt of paymesa afthe price bld,Trustee s[�aU dellver to tdne purchaser Trustee's deedconveyingthe Property sold. . s.
<br /> • The recitalg in the'[Yustee's deed shaU 6e prima facie evldence of tiie�th of the statements �2de edierein.Trustee shall appfy • •
<br /> � ' the proceeds of the sWe in the tollowing order.(a) to all reasonabte costs and expenses of the saPe,inctadiug,but not tim(ted _
<br /> ' '{ to,Trustee's fees actaally incmred of not more than percent . .• � .
<br /> • � � %)of the gross sale price,reasoaable zttorneys'fees and costs ottMte evidence;@)to all suau secured by this . , ,
<br /> IIeed of Tr�st;and(c)the excess,if any,to the pers¢o or persons legaUy entltled thereto. � . �
<br /> 18. Borrower'sRight to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Deed of Trust,due � �
<br /> to Borrower's breach, Borrower shall have the right to have any proceedings begun by Lender [o enforce this Deed of Trust � �,�
<br /> "� diswntinued at any time p»or to the eariier to occur of(i) the Rfth day before the sale of the Prc;erty pursuan[ to the power . —
<br /> of sale contained in this Deed of Trust or(ii)entry of a ludgnent enforcing this Deed of Trust if:(a) Bonower pays Lender all • —
<br /> sums which woWd be then due under this Deed of Tn:st and the Note had no acceleration occurred: (b) Borrower cures all ' ' --
<br /> breaches of any othet covenants or agreemenis of Bonower contained in this Deed of Trust: (c) Bonower pays all reasonable , •`��`
<br /> ' expenses incurred by l.ender and Trustee in enforcing the covetunts and agreemenu of Borcower contained in this Deed uY Truet �
<br /> and in enforcing Lender's and Trustee's remedies as provided in pxragraph 17 hereuf,inc(uding,but not limited to,reaaunable .
<br /> attorneys' fees;xnd(d) Bonower takes such action as Lender may reesondbly require to assure that the lien ot this Deed ut Trust, I � "=
<br /> ; Lender's interest in the Property and Bonower's obligedon to pay the sums secured bq this Deed of Trust sh:+ll cuntinue !. � +" =
<br /> • � unimpaired. Upon such Payment and cure by Borrower, this Deed of Trust and the obligations secured hcreby shall rem:+ui i❑ �. .
<br /> j full fnrce and effect as if no acceleration had occurred. !
<br /> Nl'�R/LSKA -Sccond M1tortgage- 1/80•FNMA/F711ESC OMI'�ORM WSIRUMFNf I • �-
<br /> Ipage 3 ot 4) �1
<br /> ' IUS.In: B�,rn,w-er's Imt�ali�(��,V- � . —
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