|
;,.
<br /> T
<br /> , . ,,
<br /> ; . .. , , � �
<br /> �:.... ...__... �:. ,i
<br /> v 4•is ..'.y X. �7�'� �����
<br /> i
<br /> 10. Borrowor Mot}�eloased;Forbearenca By Lender hlot a Waiver.Extension of the time for payment or modificatfon _
<br /> of amortizatlon of the sums secured by this Deed of Trust granted by Lender to any successor In intsrest of Borrower shell not ;
<br /> operate to relsASa,in nny manner,the 11ab(Iity of the original Borrowor and Borrower's succsssora in interest.Lencler shalt not �-
<br /> � j bo required to commence proceedings against such successor or refuse to ex?end time tor payme�t or otherwlse modify �; `1.
<br /> amortizatlon of iha sum�se�ured by this Deed of Trust by reason of any demand made bythe orl�inal Borrawer and Borrowor's ;,,
<br /> succer�aors In int�roflt. �ny forboarance by Lender in exercfsing any rlght or remedy hereunder, or otherwise aftorded by ;�
<br /> � applicable law,shall nnt be a walver of or preclucie the exercise of any such right or rernedy.
<br /> . � 11. Successoro�rrd Asalgns Bound;Jolnt and Severel Llebility;Co-slgrtere.The covanants and agreements heroin
<br /> { contafnod shall bind,and the rights hereunder shall inure ta,the respective sucaessors and assigns of Lender and Borrower,
<br /> � subject to the proviniants of paragraph 16 f�ereof.All covenants and agreomonts of Borro�ver shall bo Joint and several.Any
<br /> Horrower who co•signa thfa Deed of Trust,but daes not execute the Note,(a)(s casigning this Deed of Trust only to grant and
<br /> :`,<•'':,�{ convuy that Bo:•rowor's interest in the Pr�party to Trustee under the terms of this Deed of Trust,(b)is noi pflrsonally liable on
<br /> �4.... L
<br /> "• '� the Note or unclap ihl�Doed of Trust,and(c)7�rees that Lender and any other 8orrower hereunder may agr�eo to extend,madify,
<br /> �.', forboar,or mak�any ather accommodations wlth regard to the terms of th(s Deed of 1�ust or the Nate,without that Borrower's
<br /> consent And withnut r�leasing that Borrower or modifying this Deed of Trust as to that Borrowar's interest in the Property.
<br /> i 1�. Ploticso.Exc�pt for any notice requfred underapplicable lawto be given in another manner,(a)�ny not(ce to Borrower
<br /> pro�rided 1or in thl�I;aed of Truat shall be glve�by delivering it or by enailing such notice by certitiad mail addressed to Borrower �
<br /> at tho Property Addrr�ss or a4 such other address as Borrower may designato by notice to I.ender as provlded herein,and(b) � ,,..;;;,;;y�.:
<br /> any natice ta 4endeir ahail be gfvon by certiflsd mail to Lender's address atated herein or to such other address ae I.ender mAy
<br /> ` deafqnate by nottaa to Borrower as provided hereln.Any notice prov(ded for In thla Deod of Truat shall be deemed to have baon - -
<br /> givun to Borrow�rr�r Lender when given in tho manner deslgnatod heraln. �,�_
<br /> 13. (1ov�min�l.aw;Severabllity.The st�te�rsd local laws applicable to thla Deed ot Trus4 shall be the laws of the jurisdlctian
<br /> in whfch tho Pmp�rty Is loceted.The foregoing sentenca shall not limit the applicability o4 Federal law to thfs Desd of T�ust. �'�'"�
<br /> In the event thflt any provislon or clause of this Deed of 1Fust or the Note conflicts wlth applicable law,such conflict shall not r.�y�;�"�='�'���
<br /> " afbct othor prnvl�lans oi thls Deed of 1Fust or the Note uvh(ch can be given effect without the conflic2ing pravision,and to thie ` ;.
<br /> ond the provi:�lan�01 thls Deed of ltust and the Noto are declared to be severable.A�used herein,"costs","expenses"and :��'_
<br /> 'attorneys'iaos' Inalude all sums to the extent not prohibited by appllcable Iew or Iimited herein. '�
<br /> 14. Borr�w�r'a Copyl.Borrower shall be furnished a�onformrd copy of the Note and of this Deed of Trust at the time of �.�
<br /> � . oxecution or eftnr r�cordatlon hereof. �
<br /> 15. Rehnbllitntlun Loen Ac�reement.Borrower shall fulfill all ot Borrower's abligations under any home rehabilitation,
<br /> � in�provemoni,r�peii,or nther loan agreement which Borrower enters(nto with Lender.Lender,at Lendor's option,may requiro �
<br /> Borrower to oxocutn and deliver to Lender,in a form acceptable to Lender,an a�signment of any rights,claims or defenaes � �� +,w
<br /> whiah Borrow�r mfly hava against parties who supply labor,materials or services in connectior�with improvements made to `�°'�: 4
<br /> _ �,
<br /> ' tho Property. '
<br /> 16. linunt►fc►r of Prope�ty or e Beno�Baial Intenest In Borrower.If all or any part of the Property or any interest in it Is sold "� ' ��"`�'
<br /> ' ��7 '• �'.t .,.'..
<br /> or transterred(ar it�beneficial interest in Borrower is sold or transierred and Borrower is not a naturat person)without Lender's { � ;�
<br /> prior writton caneant,Lender may,at its option,requfre immadfate payment in full af all sums secured by this Deed of Truet. �`;A s'�i '+�'>:
<br /> However,thl�optian shall not be exercised by Lender if exercise is prohiblted by federal law as of the date of this Deed of Truat. �•�� � +� �'•�
<br /> If Lendor exarr,i:ias this option,Lender shall givo Borro�ver notice of acceteration.The no2lce shalt prov(de a period a9 not '� '` �
<br /> �i �„
<br /> less than 30 days frnm the date the notice Is delivered ar mailed within which Borrawer must pay all sums secured by this Deed �"'�
<br /> of Trust.If Borrow�ir fAils to pay these sums prlor to the explration of thEs perlod, Lender may invoko any rer+nedies permittod '� � :.
<br /> ' by this Doed of Tru�t without further notice or demand on Barrower. ��� �
<br /> "�t�• NON-UMlFOR�vf COVENANTS.Borrower and Lender funher covenant and agree as foflows: ��., r��.
<br /> � �'` 17. A,ccote�rnti�}n; emedles.Exce e es rovided In eragraph 16 hereof u on Borrower'e broach of en covenans ' •'•°� �'=��s
<br /> ..�.i: R fA P P , P Y i.,:��t�����
<br /> �1;`�"'�' or ngreement mf IHorrower In thls Deed a4 7�ust,Including Borrower's tapure to pay,by the end of 10 calender deys after �.-_._�•�=-
<br /> ' , they ero duo,enf�mums secured by tt�is Deed o4 Trust,Lnnder prtor to acceleratlon shell gtve notice to Borrower ae I'��.;,«_x;;_____
<br /> � r provided In parngn�ph 12 hereof speclfying:(1)the breach;(2)tNe actian requlred ta cure such breach;(3)a d�te,no4 �"� ���•--��
<br /> ;;. (. . _.�s___.�=_•--
<br /> � . leas than 20 daya tmm the date the r+o3ace ts meilod to Borrower,by which such brcach must be cured;and(4)that feiiuna � ��:��F_.^ -
<br /> � �� to cure auoh hrnaah�n or befor+e the�ate specifled in the notice may rosult tn acceleration of the e�ums secur�ed by thb ; � �z=��::.�_�_
<br />- . Deed of?tuot and�a➢u ot the Pro�ae�ty.The notice shell further inform Borrower of the righ2to reinstete aiter eccele�etion ; '�� T �
<br /> �� a�d the ri�ht to Uring a coun action to assen the nonexlstence of a dofault or any other detonse o4 Borrower to ,_`��`-t�'��
<br /> ;�. :�::..,��
<br /> accelerotlon dnd oalo.If the breach is not cured on or betore the date specified fn the notice�Lendo�r,a3 Lender's optlon� ��%`+���""�;�;_
<br /> .r,. � '.a�cFd
<br /> ,;' may daoltim all c�t tho sums secureai try this Deed of 1Fust to be immedtately due end payahle without funher demand - ���`.
<br /> ,�:_ ,�"".'''...4'i.:,ti�!'�f�';::
<br /> •; ,, end may Irner�F:e tfto powerof sele and any other remedtes permitted by applicable law.Lend�r sha»be entitled to colluct �r.. - ��„�-;.;;�
<br /> �' ���.�� all reasonabla�coEta and expensey Ir�curred In pu�suing the remedies provided in thia pa�rayraph 17,including,but no! - � ::!�`�s�<<�,i'�.'�`'
<br /> ' ,�,;..;,,,,,,�.
<br /> : IUnitod to� roa�anable et�orn�ys'fees. ; ' �`,'�;���'�•`�'`
<br /> . If tha pov►�r af sele is Invoked,l7�astee shall record e notice of default In each county ir�vu�1�0�t�he Property Ar sonta � ' '� �'"
<br /> :..':`r';,��;1,.,'�.
<br /> � � � part thoarof Efi lc�ca4ed and shall maal�oplPS of such notice In tho manner prescribod by Ap�l3cable law to 8orro�HOr and .�, �����
<br /> ' to tho oth�r pornuns proscribed lay��pllceble law.Atter the lapse of sucN tlme as mAy mo roquired by appltcnbto low, �','�;:. .:'��'_������
<br /> Thustae ah�ll�fve public notice of aale to tho pe�sons and In the manner prescribed by applicable law.Tiruotee�wlt{�ouC
<br /> demand on Sorrower,shalt setl the Property et public auction to the Nlghest bidder at the timo and place end undor �' �•
<br /> the torma doslgneted In the notice of salo in one or more percels end In such order ns'TF�uotee mayr determine.'fivs�toe
<br /> may pootpo�e sale of ali or any ps�rcet of the Property by public announcement et the timo and place of any previoualy �
<br /> sehodul�d aale.Lender ot Lender's designee may purchase the Preperty at any sele.
<br /> Upon rocetpt of�Saytn3nt of the price bid, 'IYuatee shall deliver to the purcF�aser lrustee's deed conveying tha
<br /> Proporty sold.The recitels In the'fivstee's deed shall be prlma 4acle evidence of the iruth of the statements made thor+gin.
<br /> lYustee ehall apply the proceeds of the sale In the tollo�ring ord�r:(a)to all reasonable costo and expenses of tho sala,
<br /> ... . .. -�-�__- _u..i��..���.a..���.�..�N..... 06 w1�hs�.mnu enln nslnn .
<br />_ _' -'7 IrICtUOIfig�DUTftOiunii[ouiv� titiSicca�ccac�a:�uan�nn.v��wv�.�v��..v.v•.....� . ...........�..........�....p..��r -_-�---._-
<br /> � reasonable ettornoys'fees and costs of titlo evtdence;(b)to ell sums securad by this Deed of'T1�ust;and(c)tho oxcvsa,
<br /> If any,to the porson or persons Iegaity entitled thereto.
<br /> 18. Borrower's Right to Reinstate.Natwithstanding Lender's acceleration of the sums secured by this Deed of Truet,
<br /> due to Borrower's breach,�orrower shalt have the right to have any proceedings begun by Lender 4o en9orce thfs Deed of 7Pust
<br /> discontinuvd at any tlme prior to the earlier to occur of(I)the fifth day before sale of the Property pursuant to the power of sale
<br /> � contalnQd in this Deed of Trust or(ii)mn4ry of a judgment enforcing this Deed of Trust H:(a)Borrower pays Lender all sums which ,' •
<br /> ' would bs then due under this Deed of Trust end the Note had no acceleration occurred;(b)Borrower cures all breaches of any . �� ..
<br /> other covenants or agreernents of Borrower contained In this Deed of Tr�cst;(c)Borrower pays all reasonable expenses incurrcd
<br /> ' by Londer and Trustee in enforcing the covenanta and agreements of Borrower contalned in this Deed of Trust,and in enforcing �
<br /> Lender's and'TUustee's remedfes as provided in paragraph 17 heroof,including,but not Ifmited to,reasonable attorneys'feea;
<br /> PAOE 3
<br /> ' I .
<br /> � . -
<br /> �,
<br />
|