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<br /> a�knavv�edged, ar�d de�ivered and shal� b� caused to be recorded ar�dlor filed by Ind�vidua�
<br /> �iorro�ver, provided, hawev�r, that the same shall he in farr� and substanc� reasanably
<br /> satisfactary to Indi��dua��arravver.
<br /> S�ct�on 15.6 Succ�ssion Instrum�nts. At�y substitute trustee appointed
<br /> pursuar�t to any of the prov�sians hereof shalls witt�out any further a�t, deed, ar c�n�veyan�e,
<br /> becon3e vested with a�l th.e estat�s, propert�es, rights, pawers, arad trusts of its ar hislher
<br /> pred���ssor in th� ri�h�s hereux�der w�th like �ff��t as if arigina�ly named as Trustee herein;but
<br /> nev�heless, upan the written requ�st af Lend�r or af the substitute �rustee, th�Tru.stee ceasing
<br /> t� act shall exe�ute and deliver any instrument transfemng tv such substitute trustee, upon the
<br /> tru�sts h�r��n expressed, a11 th� estates, prap�rties, rig�ts, powers, and trusts �f the Trust�e so
<br /> c�asing t� act, and shal�duly assign,transfer and deliver any�f the praperty and mnn�ys he�d�y
<br /> such Trustee ta t�e substitute trus�ee so app�inted in the Trustee's place.
<br /> ARTICLE 15-STATE-SPE�IFI� FR[IVISI�NS �
<br /> 5ection 16.1 Prin�i les �f Constru�t�o,n. In th� event af any inconsistencies ,
<br /> betvve�n the terms and c�nd�tions of this Art�cle 1� and the terms ar�d cond�tions of th.is Security
<br /> Instrtxment, the terms and c�nditions�f this Article 1�sha�l contr��and be binding. .
<br /> SeCtion 15.2. Pawer af Sal�. If Len�i�r e��cts ta se11 Individua� Borrower's
<br /> inter�st in the Prapert�r by exerc�se of the power af sale herein �ontained, Lender shall notif}�
<br /> Trustee in the ma,nner then required by �aw. Up�n receipt �f such not�c� of Lender and a�t the
<br /> direction �f Lender, Trustee shall cause to be re�arded, published and deliv�red such notices flf
<br /> default and notices �f sale as may then be requir�d by law ar�d by this Deed of Trust. Trustee
<br /> � shall, �nly at the direction of Lender atid w�thaut demand on In�i�dual Bortower, af�er such
<br /> tirne a� may then be required by �aw and af�er recordati�n af such r�otice af defau�t ar�d af�er
<br /> not�ce af sa�e ha�ri�ng been given as re�uired by law, se��the Prap�rty at th�t�me and place of sale
<br /> fi.xe�by it in su�h not�ce of sa1e, either as vvha��ar�n separate lots or parcels ar items as L�nder
<br /> sha�� deem expedient, and in suGh arder a.s �t may determine, a� public au�tion to the highest
<br /> bidder far cash in lawful mone�of the Un�ted States payable at the time af sale, or a,s otherwise
<br /> may the� be required by �aw. Trust�e sha11 deliver t� such purchaser or purchasers thereaf its
<br /> goad and suff cient deed or de�ds convey�ng the property so sold, but vvithout any covenant or
<br /> �arrantys express or implied. The r��xta�s �n such deed of any matters or facts sha�� be
<br /> conc�usi�e proof af the truthfulness ther�af. �ny person, includ�ng, without l�mitation,
<br /> Ir�di�idual �3�rr�wer, Trustee or Lender, may purcha�e at such sale. Trustee may�n the mar�ner
<br /> pr�vided�y law pasfip�ne sa�e of a11 �r ar�y portion of the Property.
<br /> 5ect�on 15.3. A li�atian nf Pra�eeds. The Trustee sha1� apply the proce�is of the
<br /> truste�'s sale, �irst, ta the custs and �xperises of exercising the po�ver of sale arxd of th� sa�e,
<br /> in�luding the payment of the Truste.�'s fe�s actually u�curred not ta ex�eed the amourat which
<br /> may be pravided for in th� Deed �f Trust, secand, to payrnent �f th� obligatian secured by the
<br /> D�ed of Trust, thud, to th�payrnent of juruar deeds of trust,mortgag�s or other lienho�ders, and
<br /> the�alance, if any,to the persan or persons�egal�y entitled thereto.
<br /> 1073 i 51.�4-NY�SR03A-M5W
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