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<br /> ��'�"� 11. Due on Sale or Encumbrance.
<br /> - - 97- �10932
<br /> �:•4w���:�' '
<br />-�'�-:���; (a) Si&,aGi8U,3C. The loan evidenced by the Note(the "Loan") is personal to Trustor and
<br />-`T''��"� �r not assignable. Ia rnakix�g it, Beneficiary has relied on Trustor's credit, Trust�r's
<br /> ��N
<br /> ��-�=�,.:� interest in the Praperty, and tLe financial market conditions at the tlme the Loan is
<br /> _- made. Except as describal in pazagraphs B.11(c)and(d)below, in the event of a
<br /> �—;;� sale,canveyance�transfer or encwnbrance�directly or indirectly. either voluntaril.y,
<br /> _-,__..,,�
<br /> _.s��;_.; � involuntarily or by operauon of law� of the ritle to or possession of all or part of the
<br /> "�=�� Property (u "Transfer°),�3eneficiary may dexlarr,the entire balance of this Loan
<br /> -=- ___= imnx�diately due and payable. In such event, and to the extent permitted by law, a
<br /> �•�� prepayment charge calculated in accordance with the prepayment provisions of the
<br /> :�;:����� Note shall be added to the sum due and payable. Alternarively, the provisions in
<br /> �=—_ the Note� the Deed of Trust and any other instrument securing the Note may be
<br />-��:� modified, at Benefic9ary's sole aption, to conform to provisians being offered by
<br /> -�� Benefleiary in similar Loans at the time Beneficiacy's waiver is sought� �r in the
<br /> __`=� event Beneficiaiy is not offering similar Loans at such time, on such reasonable
<br /> �.-`R"� terms as Beneficiary may detemiine.
<br /> .�.;�_y4,,,,�1 (b) Tr�nafr�R�o,ly�,,, Por the purpose of� and without limiting the generality of the
<br /> -.�.�-�, foregoing�the occurrence at any time of any of the following events,shall constitute
<br /> "�`-" - a Transfer:
<br /> �.�,
<br /> �''`� (i) Any sale, conveyance, assigament or other transfer of, or the grant of a
<br /> -- -- security inter�st in, all or any part of the legal and/or equitable title to the
<br /> Y��� Real Property;
<br /> -==-- (ii) Any sale, conveyance, assignment or other transfer of, or the grant of a
<br /> securiry interest in,any share of stock of Trustor if Trustor is a corporation;
<br /> ���� (ui) Aaiy sale, conveyance, assignment or other transfer of. or the grant of a
<br /> jv�� secudty interest in,any general parmership interest in Trustor if Trustor is
<br />-"="'"=�"� a partnership;or
<br />_�
<br />��T:�� (iv) Any sale, conveyance, assigcunent or other transfer af, or the grant of a
<br /> "~�'� security interest in,any member's interest in Trustor if Trustor is a Iimited
<br /> -_--�,_�
<br /> ,�:_,;,� liability company.
<br /> _�����_
<br />-:r`a i,+.. :�i:
<br />=:.;, �.�;�: Notwitbstanding the fozegoing, trai�sfers between or anctong �j� shazeholders, partners, or
<br /> � �`;<;_ '� memt�ers of Trustor shall�constitute "Transfers" so long as the Loan is not in detault at the time
<br /> � of such transfers and Beneficiary receives prompt written notice of such transfers.
<br /> L�eod of 7tusc.Aasige►ment of Renn,Securiry Agroem�o�wd Pixture Flltng(NH-9/97)
<br /> PAG813
<br /> �, P:�CLOSINdUBENUIIC�DOCS�199TFA'LOLI'S�97092314�U0'I'.WP6 -
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