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,1 200004686
<br />20UU 7
<br />LOAN #: 2989427
<br />hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic
<br />petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and
<br />radioactive materials. As used in this paragraph, "Environmental Law" means federal laws and laws of the jurisdiction where the
<br />Premises are located that relate to health, safety or environmental protection.
<br />(i) SALE OF PREMISES: We will not sell, transfer ownership of, mortgage or otherwise dispose of our interest in the
<br />Premises, in whole or in part, or permit any other lien or claim against the Premises without your prior written consent.
<br />0) INSPECTION: We will permit you to inspect the Premises at any reasonable time.
<br />NO LOSS OF RIGHTS: The Note and this Deed of Trust may be negotiated or assigned by you without releasing us or the
<br />Premises. You may add or release any person or property obligated under the Note and this Deed of Trust without losing your
<br />rights in the Premises.
<br />DEFAULT: Except as may be prohibited by applicable law, and subject to any advance notice and cure period if required by
<br />applicable law, if any event or condition described in Paragraph I I.A. of the Note occurs, you may foreclose upon this Deed of
<br />Trust as a mortgage by judicial proceeding or sell the Premises pursuant to the power of sale conferred in this Deed of Trust. This
<br />means that you may arrange for the Premises to be sold, as provided by law, in order to pay off what we owe on the Note and
<br />under this Deed of Trust. If the money you receive from the sale is not enough to pay off what we owe you, we will still owe you
<br />the difference which you may seek to collect from us in accordance with applicable law. In addition, you may, in accordance with
<br />applicable law, (i) enter on and take possession of the Premises; (ii) collect the rental payments, including over -due rental
<br />payments, directly from tenants; (iii) manage the Premises; and (iv) sign, cancel and change leases. We agree that the interest rate
<br />set forth in the Note will continue before and after a default, entry of a judgment and foreclosure. In addition, you shall be entitled
<br />to collect all reasonable fees and costs actually incurred by you in proceeding to foreclosure or trustee sale, including, but not
<br />limited to, reasonable attorneys fees and costs of documentary evidence, abstracts and title reports. If Beneficiary elects to sell our
<br />interest in the Premises by exercise of the power of sale herein contained, Beneficiary will notify Trustee in the manner then
<br />required by law. Upon receipt of such notice of Beneficiary and at the direction of Beneficiary, Trustee will cause to be recorded,
<br />published and delivered such notices of default and notices of sale as may then be required by law and by this Deed of Trust.
<br />Trustee will, only at the direction of Beneficiary and without demand on us, after such time as may then be required by law and
<br />after recordation of such notice of default and after notice of sale having been given as required by law, sell the Premises at the
<br />time and place of sale fixed by it in such notice of sale, either as a whole or in separate lots or parcels or items as Beneficiary
<br />deems expedient, and in such order as it may determine, at public auction to the highest bidder for cash in lawful money of the
<br />United States payable at the time of sale, or as otherwise may then be required by law. Trustee will deliver to such purchaser or
<br />purchasers thereof its good and sufficient deed or deeds conveying the property so sold, but without any covenant or warranty,
<br />express or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any
<br />person, including without limitation, us, Trustee or Beneficiary, may purchase at such sale. Trustee may in the manner provided
<br />by law postpone sale of all or any portion of the Premises. The Trustee shall apply the proceeds of the Trustee's sale, first, to the
<br />costs and expenses of exercising the power of sale and of the sale, including the payment of the Trustee's fees actually incurred
<br />not to exceed the amount which may be provided for in the Deed of Trust, second, to the payment of the obligation secured by the
<br />Deed of Trust, third, to the payment of junior deeds of trust, mortgages or other lienholders, and the balance, if any, to the person
<br />or persons legally entitled thereto.
<br />ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER: As additional security, we assign to you the rents of the
<br />Premises. You or a receiver appointed by the courts shall be entitled to enter upon, take possession of and manage the Premises
<br />and collect the rents of the Premises including those past due.
<br />WAIVERS: To the extent permitted by applicable law, we waive and release any error or defects in proceedings to enforce this
<br />Deed of Trust and hereby waive the benefit of any present or future laws providing for stay of execution, extension of time,
<br />exemption from attachment, levy and sale and homestead exemption.
<br />BINDING EFFECT: Each of us shall be fully responsible for all of the promises and agreements in this Deed of Trust. Until the
<br />Note has been paid in full and your obligation to make further advances under the Note has been terminated, the provisions of this
<br />Deed of Trust will be binding on us, our legal representatives, our heirs and all future owners of the Premises. This Deed of Trust
<br />is for your benefit and for the benefit of anyone to whom you may assign it. Upon payment in full of all amounts owing to you
<br />under the Note and this Deed of Trust, and provided any obligation to make further advances under the Note has terminated, this
<br />Deed of Trust and your rights in the Premises shall end.
<br />NOTICE: Except for any notice required under applicable law to be given in another manner, (a) any notice to us provided for in
<br />this Deed of Trust shall be given by delivering it or by mailing such notice by regular first class mail addressed to us at the last
<br />address appearing in your records or at such other address as we may designate by notice to you as provided herein, and (b) any
<br />notice to you shall be given by certified mail, return receipt requested, to your address at
<br />COUNTRYWIDE HOME LOANS, INC.
<br />4500 PARK GRANADA, CALABASAS, CA 91302 -1613
<br />or to such other address as you may designate by notice to us. Any notice provided for in this Deed of Trust shall be deemed to
<br />have been given to us or you when given in the manner designated herein.
<br />REQUEST FOR NOTICE: We, for ourselves and for Beneficiary, hereby request a copy of any notice of default and a copy of
<br />any notice of sale hereunder be mailed to us and Beneficiary at the applicable addresses provided above.
<br />• HELOC - NE Deed of Trust �� �/►J
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