Laserfiche WebLink
remedies under tie First Lin include the right of foreclosure or acceptance of a deed or <br />assignment in lieu of foreclosure. If title to the Property is transferred by foreclosure or <br />acceptance of a deed in lieu of foreclosure, or assignment of the First Dien to the Secretary of the <br />Department of Housing and Urban Development, this Agreement and the Agency Deed of Trust <br />hall be automatically terminated and shall have no further effect as to the Property or any <br />transferee thereafter. However, in no event shall this Agreement, the Agency Deed of Trust, and <br />the Affordable Housing Resale Restriction, be subordinate to any First Lien on the Property <br />securing a loan with provisions which allow negative amortization, or to refinancing of the lien <br />of the First Lien for a loan a.rno u n t in excess of the sum of the then current loan balance sec u red <br />by the First Dien and loan el os in� costs. <br />Trustor agrees it shall instruct the Escrow Agent for the acquisition of the <br />Property by Tru for that the order of recording ire the escrow for the purchase of the Property by <br />Tru for shall occur as follows: 1 the Grant Deed, the First Lien; other affordable <br />housing loan(s), if applicable; 4 the Affordable Housing Resale Restriction; the Notice of <br />Affordability Restrictions and the Agency Deed of Trust. Agency shall cause a Request for <br />Notice of Default to be recorded on the Property subsequent to the recordation of the First Lien <br />deed of trust or mortgage requesting a statutory notice of default as set forth in the Califomia <br />Civil Code Section 2924b, and shall cause a request for Notice of Delinquency to be recorded on <br />the Property subsequent to the recordation f the First Lien deed of trust or mortgage. <br />IN WITNESS WHEREOF, Trust or has executed this Felder to Deed of Trust as of the <br />date set forth below. <br />TS TRMMEBU: <br />Bar: <br />Printed Larne: <br />B. <br />Printed Dame: <br />EXHIBIT C-8 TO ATTACHMENT ISO. I I <br />To Deed of Trust with Assignment of Rents <br />bider to Deed of Trust <br />DO O 1400673v 14/20027 2-000 E <br />