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<br /> I I.Swccessors and!issigns Buund:doinS and Several Liabllity;Co-stgners. The cuvenants and a�reemenu herein concxined � �
<br /> +hall bind,attd the rights hrreunder shnll inure w,the respective suececcon and xssign�ot t.ender and Borrower,subject to the . _
<br /> pruvisions of paragraph 16 hereuf. All cuvennnts and agreements uf Bunuwcr shell be�omt and several.Any Bunowcr w5u�o- „
<br /> signs this Deed uf Trati�t, but dues nut execute the Nutc, (a) is co-signing this OCCtI uf Tnut only w grant and convey thet
<br /> Buno�,ver's interest in the Praperry to Trustee under the tcrtns of[his DeeJ uf Tcust, !b) is nut personelly liable un the Ptote ar �,� 1
<br /> under Uu� Deed uf Trw�t,and (c) agree+thnt Lender xnd any uther Borrower hereunder may egree to extend,modify,forbear. � �._
<br /> or make any uther accommud'anuns with regaid W the [ernL+of this DCed uf Trust oc the Note,without that Borrower's cot�ent ��
<br /> � � and without releasing that Borruwer ur mudifying this Deed ut Tru�t as to that BorroHer'� interest in ttte Praperty.
<br /> • 1Z. Nottte. Exrxp[fur any notice reyuired under applicable lxw w be given in xnuther mx�uier, (a)any nutice w Bonower ,
<br /> provided for in this Deed of Trust �h:ill bc given by delivering it or by mailing such notice by cettified mail addressed to Bonower ;
<br /> at the Property Addresc or et such uther addres�a+Borruwer may designete by nutice to L.ender es provided herein,and (b)any ,
<br /> notice to Lender shel! be given by certified mnil [u L.ender's eddres, stated herein or tu such o[her addresc as L.ender may —
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<br /> designete by nodce w Borrower as provided herein.Any nuace provided tor in chis Qcx:d uf Trus[ shall be deemed co have been , _ _
<br /> given to Borrower ur Lxndcr when given in the manner designated herem. , • —
<br /> 13. Governing Law;Severability. 'Ilte �tete and lou�l Ixws applicdble w this Deed ut Tru.,t ,hall he the Ixws uf the j �
<br /> jurisdicrion in which the Property is lucated. The Coreguing srnten�:e shall not limit the xpplicabiliry of tedera!law tu thi� Der.ct
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<br /> of Trust. In the event tlut any provision or clause of thi� Deed of Trust ur the Note contlicts with applicable law,such cunflict
<br /> . t shall not affect uther provisions of this Qeed of Trust or the Nute which cen be given eftact without the wnTlicring provision. �--:
<br /> and w this end the provisions of this Deed uf Tntst end the Note xre declared to be severdble.As used herein,"costs,"°expenses" ��:
<br /> . and "attorneys'fees'include ali sums to the extent not prohibited by appliceble law or limited herein. , • . _ _
<br /> 14. Borrower'sCopy. Bonower shall be furnished a wniormed copy of[he Note and of[his Deed of Tnut nt the time of , —
<br /> execuuon or atter recordaaon hereof. ' ,
<br /> ' � 15. Rehab[Ittatfn�n Loan Agreement. Borrower shall fWfill all of Borrower's obligations under xny home rehabiliution,
<br /> � improvement, repair,or other loan agteement which Borrower enters into with Lender.Lender,a[L.ender's option, may require ,� ���
<br /> • Borrower to execute and deliver so I.ender,in a form acceptable to Lender,an assigmnent of any rights,claims or defenses which : �
<br /> . ' Bottower may have against parties who supply labor,mxterials or services in connection with improvements made to the Property. .
<br /> ! 16. TraasPer of the Property or a Seue�cial lnterest in Borrower. If all or any parc of die Property or any interesc in it is `�- '-_.
<br /> i sold or transferred (or if a beneficial interes[ in Borrower is sold or transferced and Borrower is not a natural person) without • ' , � .�:-=--
<br /> I Lender's prior written consent, Lender may,et its option, require immedixte payment in full of all sums secured by this Deed of .� ,1'�,�.
<br /> ' ! Tnut• However,this opuon shall not be exercised by Lender it'exercise is prohibited by federal Ixw as of the da[e of this Deed , ;_!4'
<br /> ; or'Trusc. � : '^�="::��; �'
<br /> it'ixraicc exercises this optioa, Lender shall give Bonower norice of acceleration. The notice shall provide a period of not .. if� �r; ___
<br /> less than 30 days from the date the nodce is delivered or mailed within which Bortower must pay eii sums secured by Utis Qeed �. � :._ ` , t �' � �
<br /> o f T t u c t. I f B o n o w e r t a i l s t o p a y t h e s e s u m s p ri o r to the ex piration of[his period, Lender mxy invoke any remedies permitted s �,..
<br /> by this Deed of Trust without further notice or demand on Borrower. �� • • • _
<br /> c. � � �'. ..
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<br /> NON-IJNIFORM COVENANTS. Barro�ver and l.ender fur[her covenent and agree as follows: ,:,
<br /> 17. Acceleratlon;Remedies. Except as prnvided in paragraph 16 hereof,upon Borrower's breach of any covenant or � :..;�
<br /> ; agreemeat of Borrower in WLs Deed of Trnst.including Borrowers failure to pay,by the end of 10 calendar days after they are • ���_
<br /> . � due,any sums setured by thts Deed of Trust, LendQr prior to acceleration shaU give notice to Borrower as provided in =�1�(( , .�
<br /> � p�ragraph 12 6ereof specifytng:(1) We breacA;(2) We actlon required to cure sucd breach;(3)a date,noi Icss Wan ZO days , y
<br /> •1 from t6e date the notice is mailed W Borrower,hy w6ic5 suc�breacb must be cured;and(� tLat failure to cure sac6 breach �;��
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<br /> o n o r 6 e f o r e t h e d a t e s p e c i f i e d i n t h e n o t i c e m a y r e s u t t i n a cceleration of tbe sums secured by this Deed of Trust and sale of ��
<br /> ',�.i the Property.The notice s6all fu�her inform BorroweroPthe rigl►t to reiastate atter acceleratton and the right to 6ring a court f ', �.'?-_.
<br /> ' actioa to assert the nonexistence of a default or any other defease of Borrowerto atceleratton and sale.Ifthe breach i�not l :� ,�,_..,__._.
<br /> 1 cured on or before the date specified in the aottce,Lender,at Leuder's option,may declare all of the sums secured by thls Deed f -��
<br /> ; ot Trast to be immediately dne and payable without Pwther demand and may invoke the power of sale and any other remedies � . ��-
<br /> � perm[tted by applicable Iaw.Lender shaU be entlUed to co flect a ll rea5ona b l e c o s t s a n d e x p e a s e s i n c u r e e d i n p m s v i n g W e { +•' _
<br /> � reuiedics provided In thts paragraph 17,inciuding,but not Iimited to,reasoaabte attorneys'fees.
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<br /> �� If the po�ver of sale Ls invoked,Trustee shall record a notIce of de(aWt in eac6 county in wWc6 the Property or some part . �.,.'". _
<br /> � �: thereotis tocated and shall mail copies of such aotice fn the manner prescribed by applkable law W Borroweraad to the other . .. � �-•�_
<br /> � ' persons prescrtbed by appllcable taw. Atter tLe lapse of sac6 time as may be required by applIcable law,Trastee shaJ1 �'e : ' "
<br /> � pnbllc nodce of sate to the penoa4 and ia t6e manner prescribed by appllcable Iaw. Trustee,wtthout demand on Borrower, � • _.��'.
<br /> �• shall sell the Property at pabIIc anction to the Digdest bidderat the time and ptace and under tDe termc desigiated in the notixe �,,, �
<br /> of sale in one or more parceLs aad In such order a,Tnutee may determine. Trustee may postgone sale of all or any parcel .
<br /> of the Properiy by publlc announcemeut at the dme and place of any previously schedailed sale. Leader or Lender's designee , _
<br /> �Y P�chase the Property at any sale. . • � :.
<br /> Upon receipt of payment otthe prlce bid,Tnutee shall dellver to the purchaser Trustee's deed conveyingthe Property sold. . �
<br /> 7'he recifals in t6e Tnstee's deed sha0 De prlma facie evideace of the truth of the sYatements made therein.7'nutee s6a11 apply . , . . _-
<br /> • the proceeds of the sale ln the foQowing order.(a) to all reasonabte costs and expeases of the sale,including.but nat Wnited ��.-
<br /> to,Trustee's fees actuaUy iacurred of not more than penent ,
<br /> � %)of the�ass sale prtce,reasonable attorneys'Pees and costs of title evidence;(b)to all sums secured by thi� . �<:
<br /> Deed of 7'nut;and(c)We excess.it any,to the�etson or persoas legally enUtled thereto. ° -
<br />� 1$, Borrower'sRig6t to Relnstate. Notwithstanding L.ender's acceleratiun uf the sums secured by this Deed of Trust,due
<br /> • to Borrower's breech, Butrower shall have the right to have any proceedings Isegun by Lender to enforce this Deed of Trust �
<br /> • 'I discontinued at any time prior tv the e�rlier to uccur uf(i) the fifth day before the sale uf the Proper[y pursuant to the power : ���•��
<br /> � of sale wntaineJ in this DeeJ of Trust ur(ii)cntry of e judgment enfurcing this Deed uf Trust it:(a) Borrower pays Lender all
<br /> sums which would Ae then due under this Deed ot'Tru+t anJ the Note had nu �cceleration occurred; (b) Borrower curec ell � .
<br /> bteaches af any other covenxntc ur agreements oY Burrower wntained in this Deed of Tnut; (c) Borruwer pays all reasoneble —
<br /> expenses incurred by Lender and Tru�tee in enfutcing the cuvenants and ngreement� uf Borrower cuntnined in this Deed uf Trust . ..
<br /> � :�nd in enforcing Lender's and Trustee's remedies as provided in paragraph 17 hereof, including,but not IimiteJ to, reasonable __
<br /> attorneys' fees;and(d) Borrower ukes such actwn:��Lender may reasunahly reyuire tu assute that the lien of this Deed ot'Trust,
<br /> Lender's interest m the Property and Burcower'x ubl�gntion w pay the tiums secured My this Deed of Trust .hall cuntinue �
<br /> unimp�ired. Upon �uch peyment anJ cure hy Buttownr, thi. Decd of Trust end the ubligation.e secured hereby shall remam �n _._.
<br /> fuU ti�rce and eftect as if no xcceletation had occurred. '"-"
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