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2024 CDBG Subrecipient Agreement <br />Deed of Trust <br />Exhibit "E" <br />balance as of the date of default until the date of payment resulting from application of a default rate <br />of interest as provided herein, if any, that may be due hereunder or under any instrument relating to <br />or securing this Note, plus any attorneys' fees incurred by the Holder by reason of such default. <br />B. Curing of Nonmonetary Default. If a nonmonetary event of default occurs under the terms <br />of any of the Loan Documents, prior to exercising any remedies thereunder, Grantee shall give Grantor <br />written notice of such default. <br />If the nonmonetary default is reasonably capable of being cured within thirty (30) days, Grantor shall <br />have such period to effect a cure prior to exercise of remedies by Grantee under the Loan Documents, <br />or such longer period of time as may be specified in the Loan Documents. If the default is such that it <br />is not reasonably capable of being cured within thirty (30) days or such longer period if so specified, <br />and if Grantor in the reasonable determination of Grantee (a) initiates corrective action within said <br />period, and (b) diligently, continually, and in good faith works to effect a cure as soon as possible, <br />then Grantor shall have such additional time as Grantee determines is reasonably necessary to cure <br />the default prior to exercise of any remedies by Grantee. In no event shall Grantee be precluded from <br />exercising remedies if its security becomes or is about to become materially jeopardized by any failure <br />to cure a default or if the default is not cured within sixty (60) days after the first notice of default is <br />given, or such longer period of time as may be specified in the Loan Documents. <br />5. Trustee shall deliver to the purchaser at the sale its deed, without warranty, which shall convey <br />to the purchaser the interest in the Property which Grantor had or had the power to convey at <br />the time of its execution of this Deed of Trust, and such as it may have acquired thereafter. <br />Trustee's deed shall recite the facts showing that the sale was conducted in compliance with all <br />the requirements of law and of this Deed of Trust, which recital shall be prima facie evidence of <br />such compliance and conclusive evidence thereof in favor of bona fide purchasers and <br />encumbrancers for value. <br />6. The power of sale conferred by this Deed of Trust and by the Deed of Trust Act of the State of <br />Washington is not an exclusive remedy; Beneficiary may cause this Deed of Trust to be foreclosed <br />as a mortgage. <br />7 In the event of the death, incapacity, disability or resignation of Trustee, Beneficiary may appoint <br />in writing a successor trustee and upon the recording of such appointment in the mortgage <br />records of the county in which this Deed of Trust is recorded, the successor trustee shall be vested <br />with all powers of the original trustee. The Trustee is not obligated to notify any party hereto of <br />pending sale under any other deed of trust or of any action or proceeding in which Grantor, <br />Trustee or Beneficiary shall be a party unless such action or proceeding is brought by the Trustee. <br />8. This Deed of Trust applies to and inures to the benefit of, and is binding not only on the parties <br />hereto, but on their heirs, devisees, legatees, administrators, executors and assigns. The term <br />Beneficiary shall mean the holder and owner of the Note secured hereby, whether or not named <br />as Beneficiary herein. <br />Pace <br />of 8 <br />