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<br /> 89=- 106556
<br /> �6. HoRR�ti��R�s co�Y. Horrower �hal2 be furni�hed a confnrm�d
<br /> � copy of the Note and of this Deed o� Trust at the time oP execution or
<br /> after recordation hereof.
<br /> 17. TRANS�ER OF THE PROPERTY: ASSUI�lPTION. If the Horrower or
<br /> any successor in interest to the Property should, without the prior
<br /> written consent of the Lender, sell, convey, transfer, or alienate the
<br /> Property, or any part thereof, or any in�erest therein, or be divested
<br /> of its title or any interest therein in any manner, whether voluntary
<br /> or involuntary, or if the Horrower or any successer in interest to the
<br /> Property is a corporation, partnership, or joint venture, and more
<br /> than fifty percent (SO$) of the ownership of the corporation�
<br /> partnership, or joint venture is, without the prior written consent of
<br /> the Lender, sold, conveyed, transferred or alienated, either
<br /> voluntarily or involuntarily, then the Lender shall have the right at
<br /> its sole option to declare any and all indebtedness or any other
<br /> � obligation secured hereby, immediately due and payable.
<br /> Not less than thirty (30) days prior to any sale or transfer,
<br /> Borrower shall notify Lender in writing of the proposed sale or
<br /> transfer and shall provide Lender with such information concerning the
<br /> terms and conditions of the sale or transfer and the cr�ditworthiness
<br /> ' and financial condition of the proposed purchaser or transferee as
<br /> Lender may require.
<br /> A waiver of Lender's option to accelerate shall be subject to (1)
<br /> the credit of the purchaser or transferee bei.ng satisfactory to the . �
<br /> Lender; (2) an assumption fee of twa percent (2�) of the then •
<br /> outstanding principal balance paid to Lender; (3) assumption of full . r
<br /> and unconditional liabilit on the indebtedness b all ` '�
<br /> y y purchasers or ; _,�x
<br /> : trans�erees o= tne property on a �oint and several basis; (4) any =- --
<br /> other requirements reasonably necessary to protect Lender�s interest
<br /> � in the Property. Any agreement regarding Lender�s waiver of its �;4
<br /> option to accelerate must be in writing and reached prior to the date
<br /> of sale or transfer. Waiver of any right granted to the Lender by the
<br /> provisions of this paragraph as to one transac�ion, event or '
<br /> occurrence shall not be deemed to be a waiver of any right as to any �
<br /> subsequent transaction, event or occurrence.
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<br /> ; If the ownership of the Property becomes vested in a person(sj ,
<br /> � carporation, partnership, or joint venture other than the Borrower,
<br /> ; the Lender may, without notice to the Horrower, deal urith such
<br /> successor or successors in interest with reference to this Deed of ;=
<br /> Trust and the debt hereby secured as with the Borrower, and may ��
<br /> forebear to sue, alter time for payment of the debt, change the � >�
<br /> interest rate and/or the payments of the debt hereby secured, without ���—
<br /> � discharging or in any way affecting the liability of the Borrower(s) :-
<br /> ; hereunder or upon the debt secured. ` °'�
<br /> . If Lender exercises such option to accelerate, Lender shall mai2
<br /> Borrower notice of acceleration in accordance with Paragraph 14
<br /> hereof. Such notice shall provide a period of not less than thirty
<br /> (30} days from the date the notice is mailed within which the Borrower
<br />_ • may pay the sums declared due. If Borrower fails to pay such sums
<br /> - prior to the expiration of such period, Lender may, withaut further
<br /> notice or demand on Borrower, invoke any remedies permitted by
<br /> Paragraph 18 hereof.
<br /> 18. �CCELERATION: REMEDIES. Except as provided in Paragraph 17
<br /> hereof, upon Borrower's breach of any covenant or agreement of ---
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<br /> Borrower in this Deed of Trust, including the covenants to pay when �
<br /> due any sums secured by this Deed of �rust, Lender priar ta !
<br /> acceleration shall mail notice to Borrower as provided in Paragraph 14 ;
<br /> hereof specifying {1) the breach; (2) the actian required to cure such �
<br /> breach; (3) a dat�, not less than thirty (30) day� from the date
<br /> notice is mailed to Borrower, by which such breach must be cured; and
<br /> � (4) that failure to cure such breach on or before the date specified
<br /> in the no�ice may result in acceleration of the sums secured by this
<br /> Deed af Trust and sale of the Property. If the bxeach is not cure� on r•
<br /> ar before the date specified itt �h� notiice, Lender, at Lender's ��
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