RecD05 2005-141300 - Laserfiche WebLink

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7. No action or failure to act by Trustor shall be deemed a default which authorizes Beneficiary or Trustee to take any action unless Trustor does not cure the default within thirty (30) calendar days after the Agency has given written notice as specified in the Agreement, requiring it to be remedied and stating that such notice is a "Notice of Default" (or if such Default or breach cannot reasonably be cured within thirty (30) days of a Notice of Default, the failure to commence to cure and to timely, diligently and in good faith proceed to cure within a reasonable time not to exceed 90 days). Notwithstanding any language in this Deed of Trust to the contrary, Beneficiary and/or Trustee may take such action as is reasonably necessary, without notice to Trustor, if the delay arising from the giving of notice would endanger the securi ty of Beneficiary in the property secured hereby, would resul t in waste or damage to said property or would otherwise materially and adversely affect the substantive rights of Beneficiary hereunder. To the extent of any conflict between this paragraph and the provisions of the Agreement relating to breaches and defaults hereof, the applicable notice provisions in the Agreement shall apply. It is agreed that the Agreement does not contain language which addresses the need to act by Beneficiary or Trustee in the situation where the delay from the giving of notice would endanger the security of Beneficiary in the property secured hereby or would result in waste or damage thereto. Trustor requests that a copy of notice of default and of any notice of sale hereunder shall be mailed to it at the address set out immediately below: MAILING ADDRESSES FOR NOTICES: Villa Montgomery, L.P. c/o First Community Housing 2 North Second Street, Suite 1250 San Jose, CA 95113 Jeff Oberdorfer, Executive Director Attn: [END OF THIS PAGE] 8 REDW\OOO6\DOC\O25