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cure the default, which in no event shall be fewer than 30 days from the date of said <br /> notice and not fewer than 30 days prior to the recordation of any notice of default. <br /> <br /> (b) Beneficiary shall have the right to cure any default under the Deed of Trust. <br /> <br /> (c) Beneficiary shall have the right to negotiate with Lender after a notice of default <br /> has been issued by Lender. <br /> <br /> (d) Lender agrees that if, prior to foreclosure of the Deed of Trust, Beneficiary <br /> cures the default on the Deed of Trust, Lender will not exercise any right it may have <br /> to accelerate its loan by reason of the default so cured by Beneficiary or the transfer <br /> of title to Beneficiary. This paragraph 4 (d) shall not be deemed to prohibit Lender <br /> from accelerating its loan by reason of a later uncured default. <br /> <br /> (e) Beneficiary shall have the right to purchase the Property from Owner, subject to <br /> Lender's approval which approval will not be unreasonably withheld, at any time after <br /> a default under the Deed of Trust, but prior to a foreclosure sale. In the event <br /> Beneficim3t acquires title to the property from Owner, Beneficiary shall have the right <br /> to assume and succeed to Owner's obligations under the Lender loan under the <br /> original terms and conditions without the payment of any fees to Lender to assume <br /> the loan. <br /> <br /> (f) In addition to any time period allowed Beneficiary under California law with <br /> respect to its right to cure any default under the Deed of Trust, Lender agrees that <br /> Beneficiary shall have an additional 30 days to exercise such fight prior to exercising <br /> its fight to schedule a foreclosure sale.. <br /> <br /> (g) There shall be no changes in the Loan Documents without the prior written <br /> consent of Beneficiary, which consent will not be unreasonably withheld, except for <br /> those items which benefit Owner. <br /> <br /> Except as provided in (a) above, nothing shall prevent Lender from filing and recording <br /> its Notice of Default. <br /> <br />The Beneficiary declares, agrees and acknowledges that: <br /> <br /> (a) It consents to and approves (i) all provisions of the Note and Deed of Trust in favor <br /> of Lender above referred to, and (ii) all agreements, including but not limited to any loan <br /> or escrow agreement, between the Owner and Lender for the disbursement of the <br /> proceeds of Lender's loan; <br /> <br /> (b) Lender in making disbursements pursuant to any such agreement is under no <br /> obligation or duty to, nor has Lender represented that it will, see to the application of <br /> such proceeds by the person or persons to whom Lender disburses such proceeds and any <br /> application or use of such proceeds for purposes other than those provided for in such <br /> agreement or agreements shall not defeat the subordination herein made in whole or in <br /> part; <br /> <br /> (c) It intentionally and unconditionally waives, relinquishes and subordinates the lien or <br /> charge of the Deed of Trust, Regulatory Agreement and Restrictions first above <br /> mentioned in favor of the lien or charge upon said land of the Deed of Trust in favor of <br /> Lender above referred to and understands that in reliance upon, and in consideration of, <br /> <br />m~is stm crrv (~.v. lin6) 3 <br /> <br /> <br />