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<br /> other encumbrance or lien against the title of the real property subj ect to the lien of this deed of trust,
<br /> except for an Approved Junior Lien,such mortgage,deed of trust,lien or other encumbrance or lien
<br /> is and shall be deemed to be null and void and shall not entitle any party to any rights,title or claim
<br /> to or against the title to the real property which is encumbered by this Deed of Trust.
<br /> 2. No Sale or Transfer of Property Permitted.As one of the inducements to LenderBeneficiary
<br /> for making the Loan is the identity of Borrower/Trustor, and the existence of any interest in the
<br /> Property other than the interests of Borrower/Trustor and LenderBeneficiary, and tlie existence of
<br /> any interest in Borrower/Trustor other than those of the present owners,would impair the Property
<br /> and the security interest of Lender/Beneficiary, Borrower/Trustor shall not sell, convey, assign,
<br /> transfer, alienate, or otherwise dispose of its interest in the Property, either voluntarily or by
<br /> operation of law,or agree to do so,without the prior written consent of LenderBeneficiary,which
<br /> LenderBeneficiary may withhold in its sole discretion. Consent to one tr�nsaction by
<br /> LenderBeneficiary will not be deemed a waiver of the right to require consent to further or
<br /> successive transactions. Any transaction in violation of this section will cause all Indebtedness,
<br /> irrespective of the maturity dates, at the option of the holder and without demand or notice,
<br /> immediately to become due,together with any prepayment premium in accordance with the terms of
<br /> the Note.
<br /> Borrower/Trustor acknowledges that the transaction for the sale to the Borrower/Trustor of the
<br /> subject real property secured by this deed of trust by LenderBeneficiary was made under special
<br /> circumstances whereby Peninsula Habitat for Humanity,Inc.,a California Non-profit Corporation,
<br /> ["Habitat"] has made available to Borrower/Trustor below market rate housing for acquisition by
<br /> certain purchaser owners as qualified households,with the express understanding that such owners
<br /> who so qualify as qualified households to purchase such housing are receiving a special and unique
<br /> benefit by a not-for-profit organization, and that such owners do not intend to receive, and are not
<br /> entitled to receive, any rights to equity or appreciation of value of the real property sold to them and
<br /> secured by this deed of trust. As such, the sale, conveyance or other transfer of any of such real
<br /> property is antithetical to the purpose and intention of the making available to said persons who
<br /> qualify as qualified households such below market rate housing and the express purpose for the
<br /> ; making of the loan by Lender/Beneficiary to Borrower/Trustor,and will frustrate the basic purposes
<br /> for which the property subject to this deed of trust was sold to the Borrower/Trustor. In the event
<br /> that Borrower/Trustor or any other party should make,execute,deliver and/or rec�rd any instrument
<br /> which sells,conveys or otherwise transfers the real properiy subject to the lien of this deed of trust,
<br /> such instrument is and shall be deemed to be null and void and shall not entitle any party to any
<br /> rights,title or claim to or against the title to the real property which is encumbered by this Deed of
<br /> Trust, unless Lender/Beneficiary has expressly, in a writing which is recorded, consented to such
<br /> ' sale, conveyance or other transfer. "Sale, conveyance or transfer" shall include the formation by
<br /> j Borrower/Trustor of a corporation or partnership which holds any interest in the real property
<br /> ? encumbered by this Deed of Trust.
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<br /> 3.Impounds;Impound Account-Funds for Taxes and Insurance. Subject to applicable law or
<br /> to a written waiver by LenderBeneficiary,Borrower/Trustor shall pay to LenderBeneficiary on the
<br /> day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds")for:(a)
<br /> yearly taxes and assessments which may attain priority over this Deed of Trust as a lien on the
<br /> Property; [and] (b) yearly hazard or property insurance premiums; [(c) yearly flood insurance
<br /> premiums,if any;(d)yearly mortgage insurance premiums,if any]. These items are called"Escrow
<br /> Items." LenderBeneficiary may,at any time,collect and hold Funds in an amount not to exceed the
<br /> maximum amount allowed by applicable law,or which a LenderBeneficiary for a federally related
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