Reso 1996-166 to 170 - Laserfiche WebLink

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Street, Oakland, CA 94603, Attn: Anthony A. Batarse, Jr. or at such other address as Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by certified mail return receipt requested to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein two (2) days after deposit into the United States Mail, or on the date when personally served on the Borrowers or Lender. 12. Governing Law: Severability. The state and local laws applicable to this Deed of Trust shall be the laws of the State of California. The foregoing sentence shall not limit the applicability of Federal law to this Deed of Trust. In the event that any provision or clause of this Deed of Trust or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Deed of Trust or the Note which can be given effect without the conflicting provision, and to this end the provisions of this Deed of Trust and the Note are declared to be severable. As used herein, "costs", "expenses" and "attorneys' fees" include all sums to the extent not prohibited by applicable law or limited herein. 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 (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) Lender may, at its option, require immediate payment in full of all sums secured by this Deed of Trust. Notwithstanding the aforementioned, Borrower may at any time, without limitation, and without the necessity of approval from the Lender, make a transfer of the Property, or any part thereof, or any interest therein, or any improvements thereon, to: (i) a subsidiary, affiliate, parent or other entity which controls, is controlled by, or is under common control with Borrower; (ii) a successor corporation related to Borrower by merger, consolidation, non -bankruptcy reorganization, or government action; or (iii) a joint venture in which Borrower or any successor to Borrower under the preceding clauses (i) and (ii) is a venturer or partner. However, this option to require immediate payment in full of all sums secured by this Deed of Trust shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Deed of Trust, or if Lender has executed a separate written waiver of this option. Redevelopment Agency (Automall) Deed of Trust October 2, 1996 Page 6 of 10