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obligation secured by this Deed of Trust; and (3) the surplus, if any, shall be distributed to the <br /> persons entitled thereto. <br /> a. Curing of Monetary Default. If a monetary event of default occurs under the terms <br /> of any of the Loan Documents, before exercising any remedies thereunder, <br /> Grantee shall give Grantor written notice of such default and provide for a cure <br /> period of ten (10) calendar days after such notice is given, or such longer period <br /> of time as may be specified in the Loan Documents, within which to cure the <br /> default before exercise of remedies by Grantee under this Deed of Trust or the <br /> Loan Documents. <br /> b. Curing of Non-Monetary Default. If a non-monetary event of default occurs under <br /> the terms of any of the Loan Documents, prior to exercising any remedies <br /> thereunder, Grantee shall give Grantor written notice of such default and provide <br /> for a cure period of thirty (30) calendar days after such notice is given, or such <br /> longer period of time as may be specified in the Loan Documents, within which to <br /> cure the default before exercise of remedies by Grantee under this Deed of Trust <br /> or the Loan Documents. If the default is such that it is not reasonably capable of <br /> being cured within thirty (30) calendar days or such longer period if so specified, <br /> and if Grantor, in the reasonable determination of Grantee, (a) initiates corrective <br /> action within said period and (b) diligently, continually, and in good faith works to <br /> effect a cure as soon as possible, then Grantor shall have such additional time as <br /> Grantee determines is reasonably necessary to cure the default prior to exercise <br /> 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 <br /> jeopardized by any failure to cure a default. <br /> 5. Trustee shall deliver to the purchaser at the sale its deed, without warranty, which <br /> shall convey to the purchaser the interest in the Property which Grantor had or had the <br /> power to convey at the time of its execution of this Deed of Trust, and such as it may have <br /> acquired thereafter. Trustee's deed shall recite the facts showing that the sale was <br /> conducted in compliance with all the requirements of law and of this Deed of Trust, which <br /> recital shall be prima facie evidence of such compliance and conclusive evidence thereof in <br /> favor of bona fide purchasers and encumbrancers for value. <br /> 6. The power of sale conferred by this Deed of Trust and by the Deed of Trust Act of <br /> the State of Washington is not an exclusive remedy; Beneficiary may cause this Deed of <br /> Trust to be foreclosed as a mortgage. <br /> 7. In the event of the death, incapacity, disability or resignation of Trustee, <br /> Beneficiary may appoint in writing a successor trustee, and upon the recording of such <br /> appointment in the mortgage records of the county in which this Deed of Trust is recorded, <br /> the successor trustee shall be vested with all powers of the original trustee. The Trustee is <br /> not obligated to notify any party hereto of pending sale under any other Deed of Trust or of <br /> any action or proceeding in which Grantor, Trustee or Beneficiary shall be a party unless <br /> 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 <br /> on the parties hereto, but on their heirs, devisees, legatees, administrators, executors and <br /> assigns. The term Beneficiary shall mean the holder and owner of the Note secured hereby, <br /> whether or not named as Beneficiary herein. <br /> Amended Exhibit D <br /> Housing Hope's Kennedy Court Improvement Project <br /> Page 3 of 7 <br />