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<br /> ; 10. Borrawer Not Reteased;Fo�sarance By LeRder Not a Waiver.Extension of the time for payment or modification : -
<br /> ' of amortization of the sums secured by this Deed of Trust granted by Lender to any successor in intarest of Borrower shall not � ,
<br /> � operdte fo release,in any manner,the liabilityr of the original Borrower and Borcower's successors in interest.Lender shall not • � _
<br /> • be required to commence proceedings against such successor or refuse to extend time for payment or oth�rwise mo�Sify
<br /> amortization of the sums secured ay this Deed of Tn,ist by reason of any demand made by the original Borrower and 8orrower's . �
<br /> successors in interest.Any forbearance by Lender in exercisirtg any�ight or remedy hereundsr,or ot4�erwise afforded by .
<br /> ' � applicable la�v,shall not be a waiver of or preclude the exercise of arry such right or remedy. . • a
<br /> 'f 11, Successors and dsstgns Bourtd;Jotnt and Several Liability;Co-slgners.The covenants and agreements herein , .—
<br /> + contained shall bind,and the rights hereunder shall inure to,the respective successors and assigns o#Lende�and Borrower, , .
<br /> , ' a subject to the provisions of paragraph 16 hereof.All covenants and agreements of Borrower shall be joint and several.Any
<br /> � Borrower ti��ho c�-signs this Deed of Trust,but does not execute the Note,(aj is co-signing this Deed of T►ust only to grant and _
<br /> i convey that Borrower's i�terest in the Property to Trustee under the terms of ti�is Daed of Trust,(b)is rtat parsanaliy iiabl�an
<br /> ' the Naia at under th�beed of Trust,and(c)agress that Lender and any other Borrower hereunder may agree to extend,modify,
<br /> � forbear,or make any other accommodations with regard to the terms of this Deed of Tr�ast or the Note,w'►thout that Borrower's �
<br /> � consent and without releasing that Borrower or modifying this Deed of Trust as to that Botrower's interest in the Property. r �
<br /> 12. Notice.Except for any notice required under applicable tawto be given in another manner,(a}any notice to Borrower . .
<br /> y provided for in this Deed of Trust shall be given by delivaring it or by mailing such notice by certified mail addressed to Bor�ow8r _ , :
<br /> • at the Property Addrass or at such oiher address as Bonower may designate by notice to Lender as provided herein,and(b} : • � •
<br /> any notice to Lender shall be given by certified mail to Lender's address stated herein or to such other address as Lender may ,
<br /> � designate by notice to 8orrower as provided herein.Any notice provided for in this�eed of Trust shall be deemed to hava been
<br /> � given to Borrower or Lender wi�en given in the manner designated herein. � • .
<br /> 13. Goveming Law;Severataitlry.The state and local laws applicable to this Deed of Trust shall be the laws of the jurisdiction •��. ��
<br /> � in wfiich the Preperty is located.The foregoing sentence shall not limit the applicability of Federal law to this Qeed of Trust. : •
<br /> . In the event that any provision or clause of this Deed ot Trust or the Note conflicts with applicable law,such conflict shall not , . •
<br /> affect other provisions of this Deed oi Trust or the Note which can be given effeci without the conflicting provision,and to this , .
<br /> �• end the provisions of this Deed of Trust and the Note are declared to be severable.As used herein,"costs';"expenses"and . ,:;;..;'._
<br /> "attorneys'fees"include ali sums to the extent not prohibited by applicable law or Iimited herein. • • -• �:�
<br /> � . 14. Bormwer's Copy.Borrower shall be fumished a conformed copy of the Note and of this Deed of Trust at the 4ime of � �
<br /> � . ... � execution or after recordation hereo#. . •, '� �'r
<br /> � 15. Reha6ilttation Loan Agr2ement.Barrower shall fulfifl all of Borrower's obligations under any home rehabilitation, � },��;lr :
<br /> _ improvement,repair,or other loan agreement which 8arrower enters into with Lender.Lender,at Lender's option,may require Yj _
<br /> Borrower to execute and deliver to Lender,in a torm acceptable to Lender,an assignment of any rights,claims or defensas r,��,`.,:
<br /> _ � which Borrower may have against parties who supply Iabor,materials or services in connection with im roverilents rriade to _ ""-a`��•_�.a° .
<br /> P �- �'-�—..-�- �k .
<br /> the Property. . �
<br /> 16. 7ianster of Paoperty or a Beneticia!Interest in Borrower If all or any part of the Property or any interest in it is sold .r�: j� '�
<br /> � =�:: � .
<br /> or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)without Lender's z k �
<br /> prior written consent,Lender may,at its option,require immediate payment in full of alI sums secured by this Deed of Trust. ' �"�,`��
<br /> - However,thisoption s ha l t not be exercis e d by Len der i f e x e r c i s e i s p r o h i b i t e d b y f e d e r a t t a w a s o f t h e d a t e o f t h i s D e e d o f T r u s t. � ' •
<br /> If Lender exercises this option,Lender shall give Borrowar notice of acceleratlon.The notice sha{I provids a period of not .��=�
<br /> • n 30 da irom the date the notice is delivered or mailed within which Borrowar must pay all sums secured bythis Oeed .__ •� .� f:�
<br /> lesstha ys
<br /> of 7rust.If Borrower fails to pay these sums prior to the exptration of this period,Lender may invoke any remedles permiYted ��;"Et�,
<br /> by tfiis Qeed of Trust without further notice or demand on Borrower. •' !�.��.�-
<br /> NON-UNIFORM COVENANTS.Borrower and Lender tuRher covenant and agree as follows: �.� .,-;�=
<br /> ..'•1.�� f • i�•i•.'. � i __ ..
<br /> 17. A�cceteratton;Remedies.Except as pmvlded in paragraph 16 hereot,upon Borrower s b�ach of arry covenant
<br />. or agreement of Borrower In thi3 Deed o4 ZYust,Including Borrower's taiture to pay,by the end of f0 calendar day9 atter
<br /> they are due,any sums secured by this Deed of 1lrust,Lender pNor to acceleration shall gtve nottce to Borrower as .. , .•;,,,;.;,;
<br /> � pr8vided ln paraqraph 12 hereof specitying:(1)the breach;(2)4he actton required to cure such breach;(3�a date,not � :''����
<br /> � � less than 20 days irom the dete the no4ice is maited to Bomcwer,by whkh such bceach must be cured;end(4)that tatlure �
<br /> . � to cure such breach on or before the date specified Inthe notice may r�su(t In acceleration of the sums secur+ed tiy Shls - � -. ;„�,.,.___
<br /> Deed of Tfust end sate of the Property.The notice shali further tntorm Borrower of the rlght to refRS4ate after aaceteratlon ; �
<br /> � and the right to bring e cou�t actton to assert the nonexistence of a detault or any other detense of Borrawer to .' �,
<br /> a�ceferation end sate.tf the breach Is not cured on or be4ore the date specified in tne no�lce,Len�er,a4 Lender's op4ian, �� ���
<br /> � may declare a11 of�he sums secured by thls Oeed of Tivst to toe Immedlatelq due and payable withowt turther demand �� ' �``•
<br /> andmaylmrokethepowerofsateandanyotherremedtespermit!edbyepplicablelaw.Lenderahallbeentltledtocoltect •� rt_.
<br /> all reasonable costs and expenses Incurred in pursuing the r�emedles provided In thls paragraph 17,tncluding,but not � .
<br /> Ilm(ted to,reasonabte ettomeys'tees. . � •
<br /> If the power of sate ta Irnoked,7lrustee shatl record a rtotice of defautt ln each county in whlch the Property or some ,
<br /> partthereof ts tocate�and shall mail coptes of such rtatiee ln the mennee prescrlbed�yI appUcabte Iss�to�anmverand _ .
<br /> � to the other persons prescribed by appltcable law.Atter the lapse of sach time as may 4e requlred by epplica�le taw, � _
<br /> � TF�ustee shall give pubfic notice of sale to the persons and ln the mannerpresarlbed by appficable Isw livstee,without �
<br /> demartd on Borrower,shall aell the Property at publlc auctlon to the htghest bldder et the tirne and place and under �.
<br /> ; the terms destgnated in the notice of sale In ono or more parcels and in such order as Ttustee may dotermine.TFustee , : �
<br /> ' � may poatpone saie of aU orarry parcet of the Propetty by pubflc ennouncement at the tiro�e and place of arry prevtousfy �
<br /> ` scheduled sale.Lender or Lender's deslgnee may purchase the Property at arry sate. . . —
<br /> . ' Upon recefpt o4 payment oi the prlce btd,7tus4ee shall dellver to the pur�haser Trustee's dced conveying the � . • �
<br /> P�operty sotd.The recitals In the 7iustee's deed sha11 be prlma facle ev i dertce o f t he tro t h o f t he sta tements ma de t her+eln. '
<br /> Trustee shall apply the proceeds of the sale In the tollowlag order.(a)to aIl reasonabls costs and axpenses of the sate. . _
<br /> Including,but not Ilmlted to,7tustee's tees actuat�y incumed of not rr�ore than %otthe gross�ale prloe, I . . • —.
<br /> reaaonabfe attorneys'fees and eosts of tltle evldence;(b)to all suma secured by this Deed of 1Fust;and(c)the excess, , � . _
<br /> If any,to the per�on or persons legalty entttled thereto. � � —.
<br />. 18. Borrower's Rlght to Reinstate.Noiwithstanding Lender's acceleration of the sums secured by this Deed of Trust, i� � �
<br /> dua to Borrower's breach,Borrower shall have the right to hava 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 fifth day before sale of the Property pursuant to the power of sale � —
<br /> conteined in this Deed of Trust or(ii)entry of a judgment entorcing this Deed of Trust if:(a)Borrower pays Lender atl sums which t �
<br /> woutd be then due under this Deed of Trust and the Note had no acceleratian occurred;(b)Borrower cures all breaches of any j �•
<br /> other covonants or agreements o}Borrower contained in this Deed of Trust(c)Borrower pays all reasonable expenses incurred . —
<br /> � by Lender and Trustes in enforcing the covenants and agreemants o}Borrower contained in this Oeed of Trust,and in entorcing � , .
<br /> j Lender's and Trustee's remedies as provided in paragraph 17 hereof,including,but not limited to,reasonable attorneys'fees; r
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