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10. Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time for payment or modification
<br /> of amortiiation of fhe sums secured by this Deed of Trust granted by Lender to any successor in interest of Borrower shall
<br /> not operate to release, in any manner,the liability of the original Borrower and Borrower's successors in interest.Lender shall
<br /> not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify '
<br /> amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and�
<br /> ,;,,� Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise�
<br /> afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br /> `, , 11. Successors and Assigns Bound;Joint and Several Liability;Casigners.The covenants and agreements herein �
<br /> contained shall bind, and the rights hereunder shall 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 who co-signs this Deed of Trust, but does not execute the Note, (a) is co-signing this Deed of Trust only to grant and C�
<br /> convey that Borrower's interest in the Property to Trustee under the terms of this Deed of Trust, (b) is not personally tiable on N
<br /> the Note or under this Deed of Trust,and(c)agrees that Lender and any other Borrower hereunder may agree to extend,modify, 1'�
<br /> forbear, or make any other accommodations with regard to the terms of this Deed of Trust or the Note, without that Borrower's
<br /> consent and without releasing that Borrower or modifying this Deed of Trust as to that Borrower's interest in the Properry.
<br /> 12. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br /> Borrower provided for in this Deed of Trust shall be given by delivering it or by mailing such notice by certified mail
<br /> addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender
<br /> as provided herein, and (b) any notice to Lender shall be given by certified mail to Lender's address stated herein or to
<br /> such other address as Lender may designate by notice to Borrower as provided herein.Any notice provided for in this Deed
<br /> of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br /> 13. Governing Law; Severability.The state and local taws applicable to this Deed of Trust shall be the laws of the
<br /> jurisdiction in which the Property is located.The foregoing sentence shall not limit the applicability of Federal law to this
<br /> Deed of Trust. In the event that any provision or clause of this Deed of Trust or the Note conflicts with applicable law, such
<br /> conflict shall not affect other provisions of this Deed of Trust or the Note which can be given effect without the conflicting
<br /> provision, and to this end the provisions of this Deed of Trust and the Note are declared to be severable.As used herein,
<br /> "costs", "expenses"and"attorneys'fees"include all sums to the extent not prohibited by applicable law or limited herein.
<br /> 14. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust at the time
<br /> of execution or after recordation hereof.
<br /> 15. Rehabilitation Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home rehabilitation,
<br /> improvement, repair, or other loan agreement which Borrower enters into with Lender. Lender, at Lender's option, may
<br /> require Borrower to execute and deliver to Lender, in a form acceptable to Lender, an assignment of any rights, claims or
<br /> defenses which Borrower may have against parties who supply labor, materials or services in connection with
<br /> improvements made to the Property.
<br /> 16. Transfer of Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold
<br /> or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)without Lender's
<br /> prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Deed of Trust.
<br /> However,this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Deed of Trust.
<br /> If Lender exercises this option, Lender shall give Borrower notice of acceleration.The notice shall provide a period of
<br /> not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br /> this Deed of Trust. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies
<br /> permitted by this Deed of Trust without further notice or demand on Borrower.
<br /> NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br /> 17. Acceleration; Remedies. Except as provided in paragraph 16 hereof, upon Borrower's breach of any
<br /> covenant or agreement of Borrower in this Deed ofTrust,including Borrower's faiture to pay,by the end of 10 calendar
<br /> days after they are due, any sums secured by this Deed of Trust, Lender prior to acceleration shall give notice to
<br /> Borrower as provided in paragraph 12 hereof specifying:(1)the breach;(2)the action required to cure such breach;
<br /> (3)a date,not less than 20 days from the date the notice is mailed to Borrower,by which such breach must be cured;
<br /> and(4)that failure to cure such breach on or before the date specified in the notice may result in acceteration of the
<br /> sums secured by this Deed of Trust and sale of the Property.The notice shall further inform Borrower of the right to
<br /> reinstate after acceleration and the right to bring a court action to assert the nonexistence of a default or any other
<br /> defense of Borrower to acceleration and sale.If the breach is not cured on or before the date specified in the notice,
<br /> Lender, at Lender's option, may declare all of the sums secured by this Deed of Trust to be immediately due and
<br /> payable without further demand and may invoke the power of sale and any other remedies permitted by applicable
<br /> law.Lender shall be entitled to collect all reasonable costs and expenses incurred in pursuing the remedies provided
<br /> in this paragraph 17, including,but not limited to, reasonable attorneys'fees.
<br /> If the power of sale is invoked,Trustee shall record a notice of default in each county in which the Property or
<br /> some part thereof is located and shall mail copies of such notice in the manner prescribed by applicable law to
<br /> Borrower and to the other persons prescribed by applicable law. After the lapse of such time as may be required
<br /> by applicable Iaw,Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable
<br /> Iaw.Trustee,without demand on Borrower,shall sell the Property at public auction to the highest bidder at the time
<br /> and place and under the terms designated in the notice of sale in one or more parcels and in such order as Trustee
<br /> may determine.Trustee may postpone sale of all or any parcel of the Property by public announcement at the time
<br /> and place of any previously scheduled sale. Lender or Lender's designee may purchase the Property at any sale.
<br /> Upon receipt of payment of the price bid,Trustee shall deliver to the purchaser Trustee's deed conveying the
<br /> Property sold.The recitals in theTrustee's deed shall be prima facie evidence of the truth of the statements made therein.
<br /> Trustee shall apply the proceeds of the sale in the following order:(a)to all reasonable costs and expenses of the sale,
<br /> including,but not limited to,Trustee's fees actually incurred of not more than %of the gross sale price,
<br /> reasonable attorneys'fees and costs of title evidence; (b) to all sums secured by this Deed of Trust; and (c) the
<br /> excess, if any,to the person or persons legally entitled thereto.
<br /> 18. Borrower's Right to Reinstate.Notwithstanding Lender's acceleration of the sums secured by this Deed of Trust,due
<br /> to Borrowers 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 eartier to occur of(i)the fifth 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 Trust if:(a)Borrower pays Lender all sums which
<br /> would be then due under this Deed of Trust and the Note had no acceleration occurred;(b) Borrower cures all breaches of any
<br /> other covenants or agreements of Borrower contained in this Deed of Trust;(c) Borrower pays alf reasonable expenses incurred
<br /> by Lender and Trustee in enforcing the covenants and agreements of Borrower contained in this Deed of Trust, and in enforcing
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