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<br /> Sect�an 15.4 Retenti�n vf Mone_y. AII mone�s received by Trus�ee shal�, until
<br /> used �r applied as herein pra�ided, be he�d in trust for the purp�ses for which the� wer�
<br /> received, but need nat b� s�gregated �n any manner from any �ther mone�s ��x�ept to the extent
<br /> requ�red by applicabl� law} and Trust�e sha�l be under no �iability for �nterest on any mor�eys
<br /> received by Trustee hereunder.
<br /> Secti�n 15.5 P�rfection af Appo�ntm�n.t. Shou�d any deed, �onveyance, or
<br /> �nstrum�nt af any nature be reasonably requ�red from I�dividual B�rrawer by any Trustee ar
<br /> substxtute trustee t� m�re fully an�. certa�nly vest �n and confirm to the Trustee or subst�tute
<br /> trustee such estates rights, powers, and duties, ther�, upon request b� the Trustee or subst�tute
<br /> trustee, any and a�� such deeds, �onveyances and �nstruments sha�1 be mad�, executed,
<br /> a�knaw�edged, and de���ered and sha�� be caus�d to be ree�r�ed andlor f Ied by Indi�idual
<br /> Borr�wer, pravided, however, that the same shali be in form and substance r�asonab�y
<br /> satisfactory to Ind�vxdual Borr�w�r.
<br /> Sect�on 15.� Suc�ession Instruments. Any substitute truste� appointed
<br /> � pursuant to an� of the provis�ons here�f �hall, without any further a�t, de�d, or con�eyance,
<br /> b�came vested with a�1 the estates, �raperties, r��hts, powers, and trusts of �ts or h�slher
<br /> predeces�or �n the rights hereunder W�th like effect as if or�gina��y named as Trustee herein; but
<br /> ne�ertheless, upan the wr�tten request af Lender �r of the substitute trustee, the Trustee ceasing
<br /> to act shal� e�ecute and deliver any instrument transferr�ng t� such substit�te trustee, upon the
<br /> trusts h�rein expressed, all the estates, �roperties, rights, poWers, and trusts of the Trustee so
<br /> �eas�ng t� act, and sha�� du�y ass�gn, transfer and de��ver any of the pr�perty and moneys held by
<br /> su�h Trustee to the substitute trustee so appointed in the Trus�ee's place.
<br /> ARTI�LE 1� - STATE-SPE�IFI� PR�vISI�NS
<br /> Section l�.l Pr�nciples of ��nstructia,n. In the event of any inc�ns�stencies
<br /> betwe�n the terms and cnnditi�ns of th�s Article 15 and the terms and cond�tions of this Security
<br /> Instrument, the terms and conditians of this Artxcle 16 sha11 cantrol and�e bind�ng.
<br /> Section 1�.� Power of Sale. If Lender e�ects ta se�l Individual Borravver's
<br /> �nterest in the Property by ��ercise�f the power of sale herein contaxned, Lender shall�at�fy
<br /> Trustee in the manner then required by laW. Upon receipt of such riotice af Lender ar�d at the
<br /> direct�on of Lender, Trustee shall cause to b�rec�rd�d,published and delivered su�h notices of
<br /> � defau�t and not�ces �f saie as may then be required�y �av�r and by this Se�urity Instrument.
<br /> Trustee sha�l, only at the direction�f Lender and without demand on Indi�idua� Borr�wer, after
<br /> such t�me as may then be requ�red b� law and after recardation af such notice of defau�t and after
<br /> notice of sa��having been given as required by�aw, sell the Property at the time and place of sa�e
<br /> f xed by it in such notice of sale, ��ther as whole or in separate lots ar parcels or�tems as Lender .
<br /> shall deem expedx�nt, arzd in such order as it may determine, at pub��� auction ta the h�ghest
<br /> bidder for eash in�awful money of the United States payable at the tzme of sa�e, or as otherwise
<br /> may then be requ�red by �aW. Trustee sha�l deliver to such pur�haser or purchasers there�f its
<br /> good and sufficient deed or deeds canveying the property so sold, but w�thout an� covenant or
<br /> warranty, e��ress or impl��ed. The recita�s in such deed nf any ma�ters or facts sha�� be
<br /> con�lus�ve proof of the truthfu�ness thereaf. Any persan, including, without Iimitation,
<br /> �4
<br /> [NEWY�RK 3169827 4]
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