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<br /> � � ,� '�� Benefi�iary will waive its acceleration and prepaynient call rights under Paragraph �`
<br /> , ., � ,� 11(a) . if the Loan is nat thcn in default and the fallawing canditions are met: �'
<br /> ��;,�;�'." " -
<br /> '��� (i) Beneficiary is paid a lump sum fee of$1,000.00; `
<br /> �,
<br /> �, (ii) Trustor and the transferee promptiy sign and deliver to Beneficiary, �.`
<br /> � Aeneficiary's assumptian documents whereby the transferee assumes liabiliry
<br /> �.
<br /> - ' for payment and performance of the Note, the Deed of Trust, and any other �.
<br /> ��� security instruments securing the Note, all to the same extent and tenor of ��_:
<br />_ Trustor's liability, which shall remain primary and will not be released; and
<br /> :, .. �. -
<br /> ��:
<br />_ . (iii) The transferee is: �
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<br /> .,. � . (A) The spouse andlor issue of Trustor; =-
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<br /> � �� ��` (B) The trustee(s) 9f a testamentary trust for the oenefit of the spouse `
<br />:; and/or issue of Trustor, that succeeded to Trustor's interest upon
<br /> s Trustor's dcath,divorce or legal sepazatian;
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<br /> _ � �. (C) The trustee(s) of an inter vivos trust esiablished by Trustor for estate
<br />-• � planning purposes, provided that Trustor is a trustee of such trust at
<br /> °����:-�:�..-- che time of aansier;or
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<br />`"''�'•��"":�t` (D) A new entity established for estate planning purposes, composed of
<br />-`r;,_ .,,,?�<;-;. Trustor, Trustor's principals, andlor Trnstor's spouse andlor issue.
<br />- - _,:...::.; ���:
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<br />�*,�;�,;;�,�;;� 12. Late Charges. The Note provides that if any paymant is not received by Beneficiary
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<br />_�-::�,•. �. _ (or by the conesponrlent if a conespondent has been designated by Beneficiary to receive payments)
<br />����"`��• within five(5) calendar da s after its due date,Benefici
<br /> . y ary,at its option,may assess a late charge
<br />'"-��+_� .. . e�ual w five cents for each$1.00 of each overdue payment or the maximum late charge permitted
<br /> ._,�:..
<br /> 1 s' *°�� by the laws of the State where the Trust Property ic located, whichever is less. Such late charge
<br /> '��'`���� shaU be due and a able on denoand,and Bene6ci p y y p yment
<br />�:�_,_•,;;-;..�,,, p y ary,at its o don,ma (a)refuse an late a —
<br /> t;;���;•����� or any subsequent payment unless accompani�d by such late charge, (b) add such late chazge to the
<br />�.• .
<br /> _ _ principal balance of the Note, or (c) treat the failwre to pay such late chazge as demanded as a
<br />_�- - �����- default hereunder. If such late charge is added to the principal balance of the Note, it shall bear �
<br />~-��`' "''� � interest at the Default Rate. —
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<br />�,tu.:::..,.._ —
<br />�_ _ • 13. Deticiency. Treistor consents to a personal deficiency judgment for any part of the �
<br /> �, . debt hereby secured which shall not Ue paid by the sale of the Trust Property,unless such jud�ment �=�-
<br /> is prohibited by law. Any Trustor who is a rnarried person hereby expressly agrees tl►at recourse :
<br />�- may be had against his or her other property, however owned,but without hereby creating any lien
<br /> _ or charge thereon, for any deficiency due after sale uf t�e Trust 1'roperty;excegt that this provision
<br /> Dcod of'huat.Aulgnment of Renu,SecuNry Agrament and Fixturc Ffl ina(NE-9/9� �
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