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201305319
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Last modified
8/19/2014 2:23:28 PM
Creation date
7/2/2013 4:44:32 PM
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DEEDS
Inst Number
201305319
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201305319 <br />Section 5.30. Limitations as to Parties Constituting_ Mortgagor. Notwithstanding <br />anything to the contrary contained in this Mortgage, the agreements, covenants, representations <br />and warranties contained herein are made by each Mortgagor as they relate to such Mortgagor <br />and the Property as to which such Mortgagor has any right, title and interest, and not with respect <br />to any other Mortgagor or such other Mortgagor's Property. <br />ARTICLE VI <br />Special California Provisions <br />Section 6.1. Inconsistencies. With respect to the Property located in the state of <br />California, the provisions set forth in this Article shall apply to and be made a part of the <br />Mortgage. In the event of any inconsistencies between the terms and provisions of this Article <br />and the other terms and provisions of this Mortgage, or to the extent, and only to the extent, any <br />of the terms and provisions in this Article conflict with, or are ambiguous when read together <br />with, any of the other terms and provisions of this Mortgage, the provisions of this Article shall <br />govern. Capitalized words and phrases contained in this Article shall have the definition ascribed <br />to them in the main body of the Mortgage, unless the context manifestly requires otherwise. <br />Section 6.2. California Mortgage Foreclosure Law. No portion of the Obligations shall <br />be or be deemed to be offset or compensated by all or any part of any claim, cause of action, <br />counterclaim or cross - claim, whether liquidated or unliquidated, which the Mortgagor may <br />presently have or claim to have against the Trustee, or the Lender. The Mortgagor hereby <br />waives, to the fullest extent permitted by any applicable Requirement of Law, the benefits of <br />California Code of Civil Procedure § 431.70 (and any other any applicable Requirement of Law <br />of similar import) which provides: <br />Where cross - demands for money have existed between persons at <br />any point in time when neither demand was barred by the statute of <br />limitations, and an action is thereafter commenced by one such <br />person, the other person may assert in the answer the defense of <br />payment in that the two demands are compensated so far as they <br />equal each other, notwithstanding that an independent action <br />asserting the person's claim would at the time of filing the answer <br />be barred by the statute of limitations. If the cross -demand would <br />otherwise be barred by the statute of limitations, the relief <br />accorded under this section shall not exceed the value of the relief <br />granted to the other party. The defense provided by this section is <br />not available if the cross -demand is barred for failure to assert it in <br />a prior action under Section 426.30. Neither person can be <br />deprived of the benefits of this section by the assignment or death <br />of the other. For purposes of this section, a money judgment is a <br />demand for money, and, as applied to a money judgment, the <br />demand is barred by the statute of limitations when enforcement of <br />the judgment is barred under Chapter 3 (commencing with Section <br />683.010 of Division 1 of Title 9). <br />55 <br />
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