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200203487 DOC ID if 00094552346054
<br />hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum
<br />products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive
<br />materials. As used in this paragraph, "Environmental Law" means federal laws and laws of the jurisdiction where the Premises are
<br />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 pan, 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 assignee by you without releasing us m 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 many advance attire and cure period if required by
<br />applicable law, if any event or condition described in Pamgraph 11.A. of the Now 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 ; xiferred in this Deed of Trust This
<br />means that you may storage for the Premises to be sold, as provided by law, in order an pav off what we owe on the Now and
<br />under this Decd of Trust If the money you receive from the sale is not enough to pay off wh t 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 ram
<br />set fonder in the Now will continue before and after a default, entry of a judgment and foreclosure. In addition, you shall be entided
<br />to collect all reasonable fees and costs actually incurred by you in proceeding in foreclosure or trustee sale, including, but not
<br />limited to, reasonable attorneys fees and costs of documentary evidence, abstracts and tide reports. If Beneficiary elects to sell our
<br />interest in the Premises by exercise of the power of We herein contained, Beneficiary wib notify Trustee in the manner then
<br />required by law. Upon receipt of such notice of Beneficiary and at the direction of Beneficiary, Trusice will cause in be recorded,
<br />published and delivered such notices of default and notices of sale as may then be requires' 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 deems
<br />expedient, and in such order as it may determine, at public auction to the highest bidder for cash in lawful money of the United
<br />Slates payable at the time of sale, or as otherwise may then be required by law. Trustee will deliver to such purchaser or purchasers
<br />thereof its good and sufficient deed or deeds conveying the property so sold, but without any covenant or warranty, express or
<br />implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person,
<br />including without limitation, us, Trustee or Beneficiary, may purchase at such sale. Trustee may in the manner provided by law
<br />postpone sale of all or any portion of the Premises. The Trustee shall apply the proceeds of the Trustee's sale, first, to the costs and
<br />expenses of exercising the power of sale and of the sale, including the payment of the Tmstee's fees actually incurred not to exceed
<br />the amount which may be provided for in the Deed of Trust, second, to the payment of the obligation secured by the Deed of Trust,
<br />third, to the payment of junior deeds of trust, mortgages or other lienholders, and the balance, if any, to the person or persons
<br />legally entitled therem.
<br />ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER: As additional security, we assign to you the rears of the Premises.
<br />You or a receiver appointed by the courts shall be entitled to enter upon, take possession of and manage the Premises and collect
<br />the rents of the Premises including those past due.
<br />WAIVERS: To the "tent permitted by applicable law, we waive and release any error or defects in proceedings to enfmcc 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 atmchmem, levy and sale and homestead exemption.
<br />BINDING EFFECT: Each of us shalt be fully responsible for all of the promises and agreements in this Deed of Trust Until the
<br />Now has been paid in full and your obligation to make further advances under the Nom 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 Deer) of Trust is
<br />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 under
<br />the Now and this Deed of Trust, and provided any obligation to make further advances under the Nom has terminated, this Deed of
<br />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 fuss class mail addressed in us at the last
<br />address appearing in you records or at such other address as we may designate by notice in 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 Iced 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 any
<br />notice of We hereunder be mailed to us and Beneficiary at the applicable addresses provided above.
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<br />200509NE 111,011 00l A
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