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DocuSign Envelope ID:847BA5A1-CA01-4305-A31D-3C3DABB304E8
<br /> X_ Declarations of Restrictive Covenants between Habitat For Humanity Of Orange County,
<br /> NC, Inc and Lender dated
<br /> X Promissory Note from Borrower to the Lender dated the same date as this Deed of Trust
<br /> and Security Document.
<br /> X Homeowner Written Agreement from Borrower to Habitat for Humanity of Orange
<br /> County,NC Inc dated
<br /> This Deed of Trust secures to Lender: (a)The repayment of the debt evidenced by the Note,
<br /> with interest as provided in the Note, and all renewals, extensions and modifications of the
<br /> Note; (b) the payment of all other sums with interest as provided in the Note, advanced to
<br /> protect the security of this Deed of Trust; and(c)performance of Borrower's covenants and
<br /> agreements under the Loan Documents.
<br /> NOW, THEREFORE, in consideration of the Loan, and other valuable consideration, the
<br /> receipt of which is hereby acknowledged. Borrower hereby grants and conveys to Trustee his
<br /> successors and assigns all buildings, improvements, the equipment and all other real and personal
<br /> property, of every kind and nature now or hereafter attached to or used in connection with the
<br /> premises situated on real property located in Orange County, North Carolina, said real property
<br /> being more particularly described in Attachment "A", attached hereto and made a part hereof by
<br /> this reference, including by way of example and not limitation, all plumbing,heating, lighting and
<br /> air conditioning fixtures,refrigerators,ranges,hot water heaters,draperies and carpets(hereinafter
<br /> collectively referred to as the "Premises").
<br /> TO HAVE AND TO HOLD said Premises with all privileges and appurtenances thereunto
<br /> belonging to Trustee, his successors and assigns,upon the trusts, terms and conditions and for the
<br /> purposes hereinafter set out. Borrower covenants with Trustee that Borrower is seized of and has
<br /> the right to convey the Premises, in fee simple; that the Premises are free and clear of all
<br /> encumbrances, except as described on Attachment "B" attached hereto and made a part hereof by
<br /> this reference; and that Borrower will warrant and defend title to the Premises against the lawful
<br /> claims of all persons whomsoever.
<br /> Upon payment in full of all sums secured by this Deed of Trust, Lender shall cancel this
<br /> Deed of Trust, of record at the request and cost of Borrower.
<br /> If,however,there shall be a default in any of the terms,covenants or conditions of the Loan
<br /> Documents or any advance secured hereby, and such default is not made good within any cure
<br /> period specifically granted in the Loan Documents, if any, all sums owing to Lender under the
<br /> Loan Documents shall immediately become due and payable, without notice, at the option of
<br /> Lender; and, on request of Lender, Trustee shall foreclose this Deed of Trust by judicial
<br /> proceedings or, at Lender's election, Trustee shall sell (and is hereby empowered to sell) the
<br /> Premises at public sale to the last and highest bidder for cash (free of any equity of redemption,
<br /> homestead, dower, curtesy or other exemption, all of which are expressly waived by Borrower)
<br /> after compliance with applicable North Carolina laws relating to foreclosure sales under power of
<br /> sale and shall execute a conveyance in fee simple to the successful purchaser at said sale. The
<br /> proceeds of any such sale shall be applied in the manner and in the order prescribed by applicable
<br /> North Carolina laws. The Trustee's commission shall be five percent(5%) of the gross sales price
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