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<br /> i 10. Borrower Not Relessed;�orbearsnco�►Lentffor 11ta4 a V'Jalver.Extension of the t�me for payment or modification � . , _
<br /> � of amortization of the sums secured by this Deed of Trust granted by lender to any successor in interest of Bottouver shall not ;.
<br /> � operate to releasa,in any manner,the liability of the originai Borrower and Borrowrer's successors in interest.Lender shall not fi
<br /> be required to commence proceedings against such successor or retuse to extend time tor payment or otherwise modiiy '{
<br /> � amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's �
<br /> successars in interest.Any forbearance by Lender in exercising any right or remedy hereunder or otherwise afforded by �,i,_
<br /> appiicable law shall not b�a waiver of or preclude the exercise ot any such right or remsdy. � _
<br /> 11. Successots end A�signs Bcund;Jolnt and Several Llability;Co-stgnera The covenants and agr�ements herein
<br /> contairsed shatl bind.and the rights hereunder shaii inure to,the respective successors and assigns of Lender and Borrower, � —
<br /> subject to the provisions of paragraph 16 hereof.All covenants and agreements of Borrower shall be joint and several.Any � •.__
<br /> Borrower�vho Lo-signs this Daed of Trust,but doss not exeCUte the Note,(a)is co-signing this Deed of Trust onfy to grant artd .
<br /> convey thax Borrower's interest in the Property to Trustee under the terms of this Oeed af Trust,(b)is noi personaUy liable on �. �-
<br /> � the Note or under this Deed of Trust,and(c)agress that Lender and any other Borrower hereunder may agree to eMend,mQdify, , �,
<br /> forbear.or make any other accommodations with regard xo the terms of this Deed of Trust or the Note,without that Borrower's t �•
<br /> ; consent and without releasing that Borrower or modifying this Deed of Trust as to that 6orrouuer's interest in the Property.
<br /> � 12. Notice.Except tar any notice required under applicable law to be given in another manner,(a)any notice to Borrower •.�"
<br /> � provided for in this Deed of Trust shalt be given by deiivaring it or by maifing such notice by certified mail addressed ta Bo�rowar . . --
<br /> ,� at the Property Address or at such other address as 8orrower may designate by notice to Lender as provided herein,and(b) •
<br /> � i any notice to Lender shall be givan by certined mail to Lender's address stated herein or to such other address as Lertder may
<br /> `• designate by notice to Borrawer as provided herein.Any notice provided ior in this Deed of Trust shalt be deemed to have been . :
<br /> � gi�en to Borrower or Lender when given in the manner designated herein. ' , .. .��w�'
<br /> , J 13. Gov�emfing Law;Severabllity.The state and local laws applicable to this Deed of Trust shaU be the la�vs of the jurisdiction . - .
<br /> in which the Property is located.Ths foregoing sentence shall not limit the applicability of Federal law to this Deed oi Trust. ' . ,�
<br /> In the event tfiat any provision or clause of this Deed of Trust or the Note conflicts with applicable law,such conflict shall not • � � ' r�.` __
<br /> affect other provisions of this Deed oi Trust or the Note which can be given effect without the confli�ting provision,and to this � .
<br /> end the provisions of this Deed o}Trust and the Note are declared to be severable.As used herein,"costs';"expenses"and � �' � •;-"'� �
<br /> � "attorneys'fees"include all sums to the extent not prohibited by applicable law or limited herein. ��_ �,-`,� �,14.'
<br /> . , 14. Borroeaer's Co�y.BoROwar shall ba fumished a conformed copy oi the Nate and of this Desd of Trust at the time of -
<br /> � exer,ution or after recordation hereof. � ` ."`�
<br /> �'�� 15. Rehabllitetion Loan Agreemant.Borrower shall fulfitl aIl of Borrower's obligations under any home rehabil't4ation, , ` - � ;�.
<br /> , improvement,repair,or other loan agreement which Bonower enters into with Lender.Lender,at Lendar's option,may require ; �!+����'?'"
<br /> 'j 8orrower to execute and deliver to Lender,in a form acceptable to Lender,an assignment of any rights,claims or defenses 4 � .
<br /> which Borrower may have against parties who supply labor,materials or services in cannection with improvements made to = : � �:'
<br /> the Property. :��Y� `' "-
<br /> 16. 7Fanster of Proparty or a Beneflcial Interest in Borrower.If all or any part of the Property or any interest in it is sold :_ � �t
<br /> or transfarred(or if a beneficial interest in Borrower is sold or transierred and Borrower is not a natural person)without Lender's �� . F, �
<br /> ' � prior written consent,Lender may,at its option,require immediate payment in full of atl sums secured b}r this Deed of Trust. � . � �' �; �.
<br /> flowever,this option shall not be exercisQd by Lender lf exercise is prohibited by federal law as of the date of this Daed of Trust. _. , � �`�
<br /> ,.,�.� . � , �.
<br /> If Lender exercises this option,Lender shatl give Borrower notice ot acceleration.The notice shalt provide a period o}not sb, . , -
<br /> less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Deed .- - '-°� -'�
<br /> of Trust.If Borrower fails to pay these sums prior to the expiration of this period,Lender may invoke any remedies permitted ' � �' '�: �_.
<br /> by this Desd of Trust without turther notice or demand on Borrower. -'�� ���
<br /> NON-UWIFORM COVENANTS.Borrower and Lender further covenant and agree as tollows: , . .'�"".����
<br /> 17. Aaceteratton;Remedies.Except as provtded ln paragreph 16 hereof,upon�orrower's breach of arry covenant .. �.r.�.�� � _
<br />' or agreement of Borrower In this Deed of hus4,lncluding Borrower's tailure to pay,bythe end of 10 catendardays atter _-��:.�—
<br /> ',, they are due,any sums secured by thls Deed of Tlrust�Lendet prtor to acceteratlon shall glva n�llce to Borrower as _ � _ _r.�.
<br /> provtded in paragraph fZ hereof spec(tying:(1)the breach;(2)the action requlr�ed to cure such br�ach;(3)e date,no4 '�?+�"`"� �-
<br /> tess than 20 derya from the date the notice ts malted to 8omower,by whtch such bneach must be cuned;and(4)that tatluro �••����=--�
<br /> .:.,.�:..�..:
<br /> to cure such breach on or lxefore the date specified In the nottce may resutt In acceteratton of the sums secured bythls . ----_
<br /> Deed of 7htst and sale o}the Property.The nottce shall further Infarm Borrowerotthe rigMto relnstate after acceleration . . . �.;:`�::.- -. —
<br /> and the Hght to bring a court actlon to assert the rtonexistence of a detault or any othee defense of Borrower to : .
<br /> acceteration and sate.lf the bneach Is not cured on orbetore the date speci�led In the natice,LEnder,at lsnder's optlon, . �=-k%�"��'
<br /> may dectare atl of the sums secured by thls Deed of?Fust to be tmmediately due and payabfe without further demand _. . �' �--
<br /> � and may Invoke the power of sale and any other remedtes per�ltted by appllcable law Lender shall be entitted to coltect • . . �. �
<br /> all reasonable costs and expenses Incurred in pursuing the remedies provided in thls paragraph 17,Incfuding,but not � �' _
<br /> . Umlted to,reasonable attorneys'feea . � —
<br /> If the powerof sale le Im►oked,7tustee nhall r+2cord a notice of detault in each county In whlch the Property or some ,' � � � ��.-•
<br /> partthereof is tocated artd shalt matl coptes of such notice In the menner prescribe�i by appltcable law to Borrowerand —
<br /> to the other persons prescribed by eppttcable law After the lapse of such time as may be requlred by appllcable Iaw, �
<br /> Ttustee shall glve public nottce ot sale to the persona and In the manner preserlbed by appllcable law 1Yuatee,wlthout : ,
<br /> � demand on Borrower,shall sell the Property at publlc auctlon to the hlghest blddet at the time and place end under E '
<br /> the terons deslgnated In the notice of salo In one or more parcets and In such orde�as 7lrustee may determine.TF�steo �. i
<br /> may postpone sale of all or any parcel of the Property by public announcement at thellme and place of any previously �
<br /> schedutad sate.Lender or Lender's designee may purchase the Property et any sale. _
<br /> Upon recelp4 of payment of the price bld,7i�ustee shalf deliver to the purchaser Ttustee's deed conveying tho �. �
<br /> Property sold.The recita9s ln thelivstee's deed shalt be prlma facle evtdence of the truth of the st�tements made the�eln. � �
<br /> E Ttustee shaU apply the proceeds of the sale In the bllawing order:(a)to alt reasonabte costs and expenses ot the sale, _'
<br /> �i Inaluding,but no2 flmited to,7tustes's tees actualty Incumed ot not more than �i6 04 the gross sale prtce, • . � °
<br /> j reasonable attorneys'4�es artd costs of title evidence;(b)to ati sums secured by this Deed of'ttust;and(c)the excesa, � , . f�T
<br /> � tf eny,to the person or persons legally entitled there4o. ;
<br /> ` � 18. Borrower's Rlght to Reinstate.Notwithstanding Lender's acceleration of the sums secured by this Deed of Trust, ; � ��-"
<br /> � due to Borrower's breach,Borrower shall have the right to have any proCeedings begun by Lender to enforce this Deed of Trust � . . �
<br /> discontinued at any time prior to the earlier to occur of(i)the flfth day before sale of the Property pursuant to the power of sale !
<br /> contained in this Deed of Trust or(ii)entry of a judgment enforcing this Deed of 7rust if:(a)Borrower pays Lender all sums which ` .
<br /> � would be then due under this Deed of Trust and the Note had no acceferation occurred;(b)Borrower cures all breaches of any ' � • �'"�
<br /> , oiher covenants or agreements of Borrower contained in this Deed of Trust;(c)8orrower pays all reasonable expenses incurred . � � ���
<br /> by LEr��r ar�Truslsa ia sntoscirsg ilis co�renants and agrgements of Sorrowe►contained in this Deed of Trust,snd in enforcing .
<br /> Lender's and Trustee's remedies as provided in paragraph 17 heroof,including,bu4 not limited to,reasonable attornays'fees; ,� .
<br /> ' vnae a �.,
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