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<br /> SCII�UULE 1
<br /> This Note shall be payaUle as fvllows: � ����� c
<br /> (a� No payment or interest shall be due or earned on said Note dudng thP time the =
<br /> Mak��rs c�ccupy sald properiy, as descrlbed in the S�cond Deed of Trust,u nless _.
<br /> Makeffs shali pr�epay or refinance the loan secureri by the Flrst Deed of'I'rust -
<br /> from I�Jakers encuinUeri�ig the Property d�ted on or aboul tt�e date hereof (the �
<br /> "First Deed of Tfust"),in which case, Makers si�all pay the principal on this Note
<br /> in accordanc�with (b)below.
<br /> (b) Payments of pri�cipal shall be du�and payable upon sale� transfer, fwreclosure
<br /> or transfer pur�uant to any power of aale of the Properly� ur a retln�xnctng or
<br /> prepayment nf the toan securcci by the Firsd Deed of Tre�st� which accura during �
<br /> the periods set fbrth below, na fo�lows:
<br /> 96 of
<br /> period PrinciQal Dug
<br /> Date of Note to and including tliird anniversary date of Note I00� -
<br /> Subsequent to third anniversary date to and including sixth 75 46
<br /> anniversary date of Note
<br /> Subsequent to sixth anniversary date to and inciuding nintli 5096
<br /> annivGrsary dato oF Nate
<br /> Subsequent to nlnth anniversary date to and including eleventh 2596
<br /> . anniversary date of Note
<br /> Subsaquent to eleventl� anniversary date of Note, this Note 096
<br /> shall be deemed paid jn full
<br /> (c) If all or �►ny part oF the Properly or interest is sold vr lransferred by Makers,
<br /> payment determined in accordance with paragraph (b) shall be immeJiatety due
<br /> and payable, excludin�:
<br /> �� (i) 7'he creatlon of a lien or encumbrance subordinate tv the 5econd Deed of
<br /> Trust.
<br /> (ii) The crealion oF a purctiase muney security interest in I�ouseholcl
<br /> appltances.
<br /> (iil) A transfer by assumption in accordance wtth the Second Deed of Trust or
<br /> . that£irse Deed of Trust from ti�e Makers sncumbering the Prope�ty dated
<br /> on or abvut the date herevf.
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