Laserfiche WebLink
12. Borrowers' Copy. Borrowers shall be given one copy of the Note and the <br />Security Instrument. <br />13. Transfer of the Property or a Beneficial Interest in Borrowers. If all <br />or any part of the Property or any interest in it is sold or transferred without prior <br />written notice to Lender and Lender's prior written consent which shall be granted <br />upon written acknowledgment by buyer or transferee of his or her assumption of all <br />conditions and covenants of this Deed of Trust, Promissory Note, Rental Housing <br />Rehabilitation Agreement and Regulatory Agreement, Lender may require immediate <br />payment in full of all sums secured by this Security Instrument. <br />If Lender exercises this option, Lender shall give Borrowers prior written notice <br />of acceleration. The notice shall provide a period of not less than thirty (30) days <br />from the date the notice is delivered or mailed within which Borrowers must pay all <br />sums secured by this Security Instrument. If Borrowers fail to pay these sums prior <br />to the expiration of this period, Lender may invoice any remedies permitted by this <br />Security Instrument or other applicable law without further notice or demand on <br />Borrowers. <br />14. Borrowers' Right to Reinstate. If Borrowers meet certain conditions, <br />Borrowers shall have the right to have enforcement of this Security Instrument <br />discontinued at any time prior to the earlier of: (a) five (5) days (or such other <br />period as applicable law may specify for reinstatement) before sale of the Property <br />pursuant to any power of sale contained in this Security Instrument; or (b) entry of a <br />judgment enforcing this Security Instrument. Those conditions are that Borrowers: <br />(a) pay Lender all sums which then would be due under this Security Instrument and <br />the Note as if no acceleration had occurred; (b) cure any default of any other <br />covenants or agreements; (c) pay all expenses incurred in enforcing this Security <br />Instrument, including, but not limited to, reasonable attorneys' fees; and (d) take <br />such action as Lender may reasonably require to assure that the lien of this Security <br />Instrument, Lender's rights in the Property and Borrowers' obligation to pay the sums <br />secured by this Security Instrument shall continue unchanged. Upon reinstatement <br />by Borrowers, this Security Instrument and the obligations secured hereby shall <br />remain fully effective as if no acceleration had occurred. However, this right to <br />reinstate shall not apply in the case of acceleration. <br />15. Hazardous Substances. Borrowers shall not cause or permit the <br />presence, use, disposal, storage, or release of any Hazardous Substances on or in the <br />825 San Leandro Boulevard Page 6 of 9 <br />Deed of Trust <br />071999 <br />