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<br /> � (t Z1NG OF TI�ACCOUl�i7'OR REIIUCTION IIV Clt�1T LIM1T. Meaill LNach — .
<br /> , ' � �' � `�j ��� �ORARY FREE the Agreement during any period ia which: ' . ' f .
<br /> ` i can(a1 ft���AaO�or N)�u�che cm�it lizpit available to persoas signing •' _., - J . .
<br /> � raised��alue for purQases of the Accouat:or � i,=`._�__`'`,:_ '=
<br /> . ` , `-; declines si ificandy betow iu app �
<br /> � (1) the valus of the FmPeKY �° ..
<br /> ` � `i helieves that we or aay person aho sigas the Agreemeat will lse unable to fnlfill : _
<br /> . . ; (2) Merrill Lynch masonably ,
<br /> ' . � ' i i ations under 4he Atcount because of a material change in aur fu�ancial circumstaaces or the fmancial � .
<br /> . �- � t h e t e p s y m e n t o b l g � .
<br /> - • circumstaaces of at�y Qerson who signs the Agreement:or ' _
<br /> . < ',` i ` . ,
<br /> < — ' 3 we or any pezson who signs th e Agree m e n c i s i n d e f ault of an y material obligation uader the Agreement:o�
<br /> O t ,
<br /> f . —�._-T � -
<br /> _ . �_-i (q) govemment aaion prevents Mertill Ly� from imposing the annual percentage rate set forth m the ' 4
<br /> - . ' � Agreemeat:or � < .� ..
<br /> �� . , ovemment acxion impairs Merrill Lynch's securitl+intere�t in the Property to the exteat that�he value of �
<br /> �g� g - " .
<br /> ,4, `��:.
<br /> t�� � the securitY interest is less than 120 percem of the credit line:or . ,
<br /> ''.` � L ch that continued advances would wastitute an ; ..
<br /> 1 (6) a fedeial or state cegulatoll+aBencY uorifies Merrilt yu . _
<br /> ' • , � unsafe and unsound practice;or ; . '_� :-_
<br /> � ' e rate reaches the maaimnm a1lo�red under the Agreement. ; � .
<br />''' (7) the annual percenta8 � ��=-
<br /> • � e es or increase the credit limit ava�able �mless we request such � � _—
<br /> Y.�� � Menill Lynch need not reinstate cm.dit privil g ' � "--
<br /> �= s L �q�t e r m i n e s t h a t t h e o o n d i t i oa no lon ger exists. . ,.
<br /> :. • after im+esti oa.M e r ri U y n �� �.•
<br /> t<<` � ' ceinstatement and, 8� . � :
<br /> i - ' w e will not be obligated to npay the �*�"'� ,
<br /> n-. , . , If Merrill Lynch ten►Porarily fceraes the A c o o u a t o r r e d u ce s o u r c re d i t l i m i t, ment. ---- s �
<br /> �� fied in the Agree . �
<br /> - � , amouau autatandia8�r the Account until We date such arnounts are due,as speci ,��
<br /> °`� ' . ,'s' e�rill L cb may,but is not required ,'�•;�:
<br /> , 1 . . If Merriil Lynch temporan'ly freezes the Account,Putsuuu to this puagraPh, M Nn � `_-� _
<br /> , .. -• tu,nod f y as thai a11 credit card(s)and unused checks ob�e m e n t n If�lul�emll L y n c b e�xe c'ni�th�prio�de1�'t p��� :. �°. -;�_.
<br /> •` ' Lynch at the address sPecified on our most receat billmg h 5. Ia auy ��.•.:
<br /> °:h' w�l no longer .�";�_�
<br /> '' later reinstated.Merriil Lynch will issue checks and/or card(s)in accordance h��ee ons who s Sa���P��Q� , '<. . ,�
<br /> � '` e�rent,once Aiiem7l Lyr.ch temporaiiiY freez�the Aceount uader tbis paragrap , P ..�::.
<br />`,�` '� have anY riP,ht to obtain addirional advances ander the Accouut until ccedit priv�leges as+e reinstated. • ..'��,
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<br /> • � IF MERRILI.LYNCH INVOKBS THE FOWER O�F�N N��pT��NG��THOUTLIMITATI�N�TI� . ^'''�';
<br /> ."�� . ' � i SHALL EXECUTE OR CAUSE TRUSTEE TO EXECUT '::�.�,n,
<br /> - FOLLO�[1JG•ta)THEOCCUR1tENCEANDNATUREOFANEVENTOFDEFAULT:(b)MERRaLLYNCH'SELECTIONTO � ;�
<br /> ',:�:�.
<br /> ACCELERATE THE DEBT EVm�CEDCABLE LAN,�TQ REINSTATE THE ACCOUNT IW AVOID ALE�OF TEI`E �._ .�. ,:;�„�,:
<br /> OUR RIGHT, IP ANY, UNDER `.:-�:'`,��.
<br /> PROPERTX. MERRILI-LYNCH SHALL CAUSE SUCH NOD S����C��F �N��pTy�D TO THE . . _
<br /> , , . .� � EREOF IS LOCA'TfiD,AN
<br /> •;.:' , '; � PROPERTY OR SOME PART TH ,_�����'
<br /> ,.,s . PERSONS IN THE MANNER PRESL'RIBED BY APPLIGABLE LAW. .��.,,y,;.
<br /> • . ' .� �W�ARE PERMITTED,IJNDER APPLICABLE LAW,BUT FAIL TO REINSTATE IN ACCORDANCE V�►iTH ' ��
<br /> "'F . . THE TERMS OF THE NOTICE REQUIRED ABOVE IN THIS PARAGRAPH 15,OR IP WE ARE NOT PERMITTED TO SO :'�;
<br /> _�.��, . . . .�. ' :�'
<br /> - REINSTATE.'I'RUSTEE SHAL�L�BLBLLAW. AFTER'TI�1E 1.APSE OFR UpCH TiME AS MAY B N�QU�D BY _-
<br /> . • MANNER PRESCRIBED BY . ,_:',r`,y':.,
<br /> � • APPLICABLE LAVI►,AND OUR FAILIJRE TO REDEEM TH�PR�PERTY BY pA�NG TO MERRILL LYNCH Ald.SUMS ,, _
<br />:-::iY!.+�. . . ' SECURED BY THIS DEED OF TItUST TOGE'I7�IER WITH AL UNDER APPLICABL L�A C'����H����� � ' ' .
<br /> :'�:' ' � AND FOR WH1CH iT IS ENTITLED TO REI;��d*�JRSEMENT, .
<br /> � . � FURTHER DEMAND ON OR NUh ER THE TE M OESIGNATED IN'i'1iE PLUB 1C OT CE OF 8ALE IN ONE OR MORE .
<br /> THE TIME AND PLACE AND
<br /> pARCELS AND W SUC�1 ORDER AS TRUSTEE MA UNCETME T AT T�UE T��A�'� �C EO� � p E O�Y �
<br /> ; : . . � pARCEL OF THE PROPERTY BY PUBLIC ANNU
<br /> .'.+ SCHEDULED SALE A T HE T1ME FIXED B�THE R CEDING POS'fPONEMENTI.�M RR�L6.�.YNCH ORYMERRILL
<br /> � ANNOUNCEMENT AT
<br /> • : ; • - � LYNCH'S DESIONEE MAY PURCHASE THE PROPERTY AT ANY SALE. ,
<br /> ] TRUSTEE SHALL DELIVER TO THS PURCH��SED R IMPLI D E'fHE RECI'II'ALS N THE TRUSTEE S
<br /> . � SOLD W1THOUT ANY COVENANT OR WARRANTY,EX
<br /> DEED SHALLBE PRiMAS OF'THE SALEE NF'I'HE �OLLOWI G ORDER•N(AN 70 AL1- EASONABLEUCOSTSHAND
<br /> APPLY THE PROCEED
<br /> - • � � � EXPENSES OF THE SALE. 1NCLUDING.BUT NOTT THE EXENT PERMITTED BY APPLICABLE AW;N)TO ALL • '
<br /> ` AND COSTS OF TITLE EVIDENCE.ALL AS AND
<br /> • f SUM5 PAVABLE PUR5UANT TO PARAGRAPH 6 AND 27 OF TH1S DEED OF TRUST: (C) TO INTERES7'PAYABLE
<br /> � ' � UNDER THE AGREEMENT;(D)TO OTHER CHARGES EXCEBS 1F ANY, OETHE PER O1�I OR,P R ONS LEGCALLY
<br /> � � ppYABLE UNDER THE AGREEMENT; AND (F) THE = ; , .
<br /> , ENTITLED'fHERETb. 6 (
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