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upon the Senior Lien Holder's acquisition of title, provided that (1) the Lender be given <br />written notice of a default under the First Deed of Trust and (ii) the Lender shall not have <br />cured the default under the First Deed of Trust, or diligently pursued curing the default as <br />determined by the Senior Lien Holder, within the 60 -day period provided in such notice <br />sent to the Lender. <br />6. Subordination - Agency Loan Deed of Trust. Lender and Borrower <br />acknowledge and agree that this Security Instrument is subject and subordinate in all <br />respect to the liens, terms, covenants and conditions of the Agency Loan Deed of Trust <br />and to all advances heretofore made or which may hereafter be made pursuant to the <br />Agency Loan Deed of Trust including all sums advanced for the purpose of (a) protecting <br />or further securing the lien of the Agency Loan Deed of Trust, curing defaults by the <br />Borrower under the Agency Loan Deed of Trust or for any other purpose expressly <br />permitted by the Agency Loan Deed of Trust or (b) constructing, renovating, repairing, <br />furnishing, fixturing or equipping the Property. The terms and provisions of the Agency <br />Loan Deed of Trust are paramount and controlling, and they supersede any other terms <br />and provisions hereof in conflict therewith. In the event of a foreclosure or deed in lieu of <br />foreclosure of the Agency Loan Deed of Trust, any provisions herein or any provisions in <br />any other collateral agreement restricting the use of the Property to low or moderate <br />income households or otherwise restricting the Borrower's ability to sell the Property shall <br />have no further force or effect on subsequent owners or purchasers of the Property. Any <br />person, including his/her successors or assigns (other than the Borrower or a related entity <br />of the Borrower), receiving title to the Property through a foreclosure or deed in lieu of <br />foreclosure of the Agency Loan Deed of Trust shall receive title to the Property free and <br />clear from such restrictions. <br />Further, if the Senior Lien Holder acquires title to the Property pursuant to a deed <br />in lieu of foreclosure, the lien of this Security Instrument shall automatically terminate <br />upon the Senior Lien Holder's acquisition of title, provided that (1) the Lender be given <br />written notice of a default under the Agency Loan Deed of Trust and (ii) the Lender shall <br />not have cured the default under the Agency Loan Deed of Trust, or diligently pursued <br />curing the default as determined by the Senior Lien Holder, within the 60 -day period <br />provided in such notice sent to the Lender. <br />7. Hazard or Property Insurance. Borrower shall keep the improvements now <br />existing or hereafter erected on the Property insured against loss by fire, hazards included <br />within the term "extended coverage" and any other hazards, including floods or flooding, <br />for which Lender requires insurance. This insurance shall be maintained in the amounts <br />and for the periods that Lender requires. The insurance carrier providing the insurance <br />shall be chosen by Borrower subject to Lender's approval which shall not be unreasonably <br />withheld. If Borrower fails to maintain coverage described above, Lender may, at <br />Lender's option, obtain coverage to protect Lender's rights in the Property in accordance <br />with paragraph 8. <br />IltllllllllllllllllllllUllll@IlAlllllnlllllllllll oa'�=w'a1 <br />5 <br />