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r <br />90-- 10535" <br />�� a per't right in t Y or wW part thereof (including, <br />rrit?rout lisitinq thm wmality of the forewing, , MWftWM <br />cc falenotbM by land inStallaent oartraot ar for deed, i <br />lease or rental aM A with an option to purchase, and the grantiM of deeds <br />Of trust, momtWges, lions, and eeohQity int&' to subor UMtae to this <br />Instrnstent) witlhant the aoI ,'ar, prior writtarh "on-e of Iader. go amweiyanoe <br />or treMAW of B=vAw*a interest in the Praposty or any interest of Borrower as <br />a result of faareolaname of a subordinate lien or a security interest or a <br />transfer by aporeticn of lase shall oonetituts a sale or trarsfor subject to this <br />paragraph. Tn the event of any such sale, em4wvW, cotweyanom, alienation, <br />ass i�lfe0tht, disposition, enhovObr'anca, pledge cc transfer o* all or any portion of <br />the Ptnpetty, or the eemecution of such Oonttedt or aMritseerht, Larder my, at its <br />q itim, at any time awreafter, or iron time to time, declare all of the <br />r MRirder of the Note and any other irdebt - 1, arc wacu ad bmadiately due <br />and pryable. L►esa�d Bar :awe rawest that ImxU not sho a U* right to <br />a0mlerets the MAe ad the other; indebt Ines eeamwed hereby an aformaid, <br />10dw nay ieposs Gertm n conditions as ccnsicleraticn for shill ageement rat to <br />aooelerats, lnclt bq, u•i:d=& linitiM the ge wality of the fcrs9OUq any or <br />all of the foll�sul": a loan transfer fee preswily d by Isrtder; acre increa a of <br />the interest rafts; a remeeartization of the monthly payments of principal and <br />interest based � sue h increased interest rata; a modification of the term of <br />j the ";in.; aaerrcleent of any Pn4 Yerht privilege; and a guaranty of payment by the <br />phhrdhasrhvc�d. Dw such as the loan evidenced by the Nate was based in part an the <br />financial raepOrxmibility of MMMWer, it is specifically M%sn*=d aad acie:+eed <br />that such ca serdt may be given or withheld by Impimr, with or wi ♦.hmt- cm . era <br />i failure to receive su * a -no It prior to any exhC b transfer or earn "lane or <br />attsmPt t hersa for dWrc be deemed a breach hereof and of the Note. Should <br />Wer fOdMr from aeaoelerating the payment of the Note and the other <br />segued hardy by rwason of any of the fbr ph q, the assignee of <br />Boruuwer dwell be deemed to have assumed and aegreed to pay the Note and the other <br />wing Irdar and be boded by the tense Wwoof, <br />whether or not the Instrument evidencinq sucb ado or transfer soqxemly so <br />atol <br />prwides, and this aC sou t atoll run with the property and remain in full force <br />and effect until the entire Note and the other i sec Caned herby is <br />paid in full. Upon the oocurrenom of any of the farvgoinq events and consent <br />thereto hevirg hurt been given by Larder, t4at mere fact of a lapse of tie or the <br />i aO *w or �payesenta subsequent to any of emxh events shall not be deemed a <br />right to make such election, nor shall Irdeir be estopped <br />therefrom by virtue thereof. Borrower shall be required to noUfly Lander upon <br />the amuT m of any of the scants affec..tinq title as - ibed, and <br />j failhQ+e to do so shall constitute a default herehareder and u'mdor the Note. <br />(b) lieIe of ear:vwer. No sale of the <br />Pxoparty or modification of the <br />� t �� or a rta lion of time for payment of the Note or the <br />liabili of Boarowar, ath:r�in aholli ��b to rdlear or affect the original <br />part, unless Borrower in released in <br />i <br />writing br Isder. <br />Ea) A'" " ' I " - and Mawr of Sale. Upcn 8om:11Ower•s h2vacdh of any oovanant <br />err *F -s"s of eorraemer in this inUUMMINC, it cl dirq, but not limited to, the <br />avwrhsnts to pay when des sage Sus secured kof/ this Instnamverat, Wider, at <br />LWdet's option, may declare all Of the ems secured by this Inxtsnmment to be <br />landiately due and psyablm without further demand, and may inuuitee the power of <br />sale and other re■sdies psrsitted by applicable law or provided herein. Lader <br />=du ,w anl"TAM bo =iieoi aii casts seeds empweemt incurred to parmuirq such <br />MOM", includinq, but not limited to, attonheys, fees nand oasts of ummmtarY <br />eevidense, abstracts and title r'gwtg. <br />If IN der invokes the power of sale, Lander shall execute or cause T ustme <br />to ensoiuts a warittn notice of the occurrenoe of an wwant of default and of <br />Lnder•s alectiae to canoe the Pavpmuty to be sold and shall cause such notice to <br />be reoordod in each caerety in which the Property or same pert therof is located. <br />Trustee shall cjive notice of default and notice of calm and shall mall the <br />PCOPffirtY SOODUMV to apprl iaabla law. Trustee may mall the Ptcpasty at the time <br />and pease and under the turns designated in the rwtias of sale in one or mote <br />Pamela and in meth cadet as Tlnstee may determine Trustee may postporw male of <br />all or any perael of the Px%=ty by public aFr=ffmmkt at the time and plarae of <br />- 10 - <br />7 <br />-7- <br />k <br />IYI,�A11 <br />ss, <br />1 <br />.I <br />