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e e 97277997 10. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 11. Governing Law; Severability. This Security Instrument shall be governed the laws of the State of California. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 12. Borrower' Copy. Borrower shall be given one copy of the Note and the Security Instrument. 13. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred without prior written notice to Lender and Lender's prior written consent which shall be granted upon written acknowledgment by buyer or transferee of his or her assumption of all conditions and covenants of this Deed of Trust, Promissory Note, Owner Participation Agreement and Regulatory Agreement, Lender may require immediate payment in full of all sums secured by this Security Instrument. If Lender exercises this option, Lender shall give Borrower prior written notice of acceleration. The notice shall provide a period of not less than thirty (30) days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument or other applicable law without further notice or demand on Borrower. Notwithstanding Lender's right to invoke any remedies hereunder, Lender agrees that it will not commence foreclosure proceedings or accept a deed in lieu of foreclosure, or exercise any other rights or remedies hereunder until it has given the Senior Lien Holders at least sixty (60) days' prior written notice. Mission Bell Retrofit Deed of Trust July 24, 1997 Page 6 of 10