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200212629
<br />LOAN #: E0088363
<br />15. Sale of Agreement; Change of Loan Servicer. The Agreement or a partial interest in the Agreement (together with this
<br />Deed of Trust) may be sold one or more times without prior notice to you. A sale may result in a change in the entity (known as the
<br />"Loan Servicer ") that collects monthly payments due under the Agreement and this Deed of Trust. There also may be one or more
<br />changes of the Loan Servicer unrelated to the sale of the Agreement. If there is a change of the Loan Servicer, you will be given written
<br />notice of the change as required by applicable law. The notice will state the name and address of the new Loan Servicer and the address
<br />to which payments should be made. The notice will also contain any information required by applicable law.
<br />16. Hazardous Substances. You shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br />Substances on or in the Property. You shall not do, nor allow anyone else to do, anything affecting the Property that is in violation
<br />of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of Hazardous
<br />Substances in quantities that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property.
<br />You shall promptly give us written notice of any investigation, claim, demand, lawsuit or other action by any governmental or
<br />regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which you have
<br />actual knowledge. If you learn or are notified by any government or regulatory authority, that any removal or other remediation of
<br />any Hazardous Substance affecting the Property is necessary, you shall promptly take all necessary remedial actions in accordance
<br />with Environmental Law. As used in this Deed of Trust, "Hazardous Substances" are those substances defined as toxic or hazardous
<br />substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products,
<br />toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used
<br />in this Deed of Trust, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate
<br />to health, safety or environmental protection.
<br />17. Acceleration; Remedies. You will be in default if (1) any payment required by the Agreement or this Deed of Trust
<br />is not made when it is due; (2) we discover that you have committed fraud or made a material misrepresentation in connection
<br />with the Agreement; or (3) your action, or your failure to act, adversely affects our security for the Agreement or any right
<br />we have in the Property. We shall give you notice prior to acceleration following your breach of any covenant or agreement
<br />in this Deed of Trust. The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less
<br />than 30 days from the date the notice is given to you, by which the default must be cured; and (d) that failure to cure the default
<br />on or before the date specified in the notice may result in acceleration of the sums secured by this Deed of Trust, and sale of
<br />the Property. The notice shall further inform you of the right to reinstate after acceleration and the right to bring a court action
<br />to assert the non - existence of a default or any other defense you may have to acceleration and sale. If the default is not cured
<br />on or before the date specified in the notice, we may, at our option, require immediate payment in full of all sums secured by
<br />this Deed of Trust without further demand and may invoke the power of sale and any other remedies permitted by applicable
<br />law. We shall be entitled to collect all expenses incurred in pursuing remedies provided in this Section 17, including, but not
<br />limited to, reasonable attorneys' fees as permitted by applicable law.
<br />If we invoke the power of sale, we shall record or cause Trustee to record a notice of default in each county in which
<br />any part of the Property is located, and we shall mail or cause Trustee to mail copies of such notice in the manner prescribed
<br />by applicable law to you to other persons prescribed by applicable law. Trustee shall give notice of sale by public
<br />advertisement for the time and in the manner prescribed by applicable law. Trustee, without demand on you, shall sell the
<br />Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale
<br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property
<br />by public announcement at the time and place of any previously scheduled sale. We or our designee may purchase the
<br />Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property
<br />without any covenant or warranty whatsoever. The recitals in the Trustee's deed shall be conclusive evidence of the truth of
<br />the statements made therein, unless otherwise provided by applicable law. Trustee shall apply the proceeds of the sale in the
<br />following order: (a) to all costs and expenses of exercising the power of sale, and the sale including, but not limited to, Trustee's
<br />fees of of the gross sale price and reasonable attorneys' fees (as specified above); (b) to all sums secured by
<br />this Deed of Trust; and (c) any excess to the person or persons legally entitled to it.
<br />18. Discontinuance of Enforcement. Notwithstanding our acceleration of the sums secured by this Deed of Trust under the
<br />provisions of Section 17, we may, in our sole discretion and upon such conditions as we in our sole discretion determine, discontinue
<br />any proceedings begun to enforce the terms of this Deed of Trust.
<br />19. Release. Upon payment of all sums secured by this Deed of Trust, we or the Trustee shall release this Deed of Trust. You
<br />shall pay any recordation or filing costs and any fees paid to a third party for services rendered in reconveying or releasing this Deed
<br />of Trust, to the extent allowed by law.
<br />20. Additional Charges. You agree to pay reasonable charges as allowed by law in connection with the servicing of this loan
<br />including, without limitation, the costs of obtaining tax searches and subordinations, provided, however, that nothing contained
<br />in this section is intended to create and shall not be construed to create any duty or obligation by us to perform any such act, or to
<br />execute or consent to any such transaction or matter, except a release of the Deed of Trust upon full repayment of all sums secured
<br />thereby.
<br />21. Substitute Trustee. We may, at our option, from time to time remove Trustee and appoint a successor trustee to any Trustee
<br />appointed hereunder by an instrument executed and acknowledged by us and recorded in the office of the Recorder of the county in
<br />which the Property is located. The instrument shall contain the name of the original lender, Trustee and borrower, the book and page
<br />where this Deed of Trust is recorded and the name and address of the successor trustee. Without conveyance of the Property, the
<br />successor trustee shall succeed to all the title, powers and duties conferred upon the Trustee herein and by applicable law.
<br />22. Possession of the Property. You shall have possession of the Property until we have given you notice of default pursuant
<br />to paragraph 17 of this Deed of Trust.
<br />NE - DEED OF TRUST - Single Family - IIEI.00 - HG1 20931(02/00) Initials: i/
<br />O 2002 Online Documents, Inc. Page 4 of 5 NEQDEED
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