2026-000003

Klamath County, Oregon
01/02/2026 08:25:01 AM
Fee: $232.00

After Recording Return To:

UNITED WHOLESALE MORTGAGE, LLC
700 SOUTH BLVD EAST

PONTIAC, M1 48341

ATTN: POST CLOSING MANAGER

Loan Number: 1525415766

Case Number: 48-48-6-0585389

CET-RICOR1TES L (Space Abovo This Line For Recording Data]

DEED OF TRUST

THIS LOAN IS NOT ASSUMABLE
WITHOUT THE APPROVAL OF THE
DEPARTMENT OF VETERANS AFFAIRS
OR ITS AUTHORIZED AGENT.

MIN: 101701110012516964 MERS Phone: 888-679-6377
DEFINITIONS

Words used in multiple sections of this document are defined below and other words are defined under the caption
TRANSFER OF RIGHTS IN THE PROPERTY and in Scctions 3, 4, 10, 11, 15, 18, 23, and 24, Certain rules
regarding the usage of words used in this document are also provided in Scction 16.

Parties

(A) "Borrower"is Craig Barta

currently residing at 5119 GLENWOOD DR, KLAMATH FALLS, OREGON 97603

Borrower is the grantor under this Sccurity Instrument.

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(B) "Lender"is Lakeview Lending LLC .

Lenderisa LIMITED UABILITY COMPANY =~ *°7 organized and existing under the laws of
MICHIGAN « Lender's address is 25925 Telegraph Rd Ste 300,

Southfield, Michigan 48033

Lender is the beneficiary under this Sccumy Instrument. The term "Lender™ includes any successors and assigns of
Lender.

(C) "Trustec"is KRISTA L. WHITE, ESQ. BISHOP, WHITE, MARSHALL & WEIBEL, P.S.

Trustee's address is 720 OLIVE WAY, SUITE 1201, SEATTLE, WASHINGTON 98101

The term "Trustee” includes any substitute/successor Trustee.
(D) "MERS" is the Mortgage Electronic Registration Systems, Inc. Lender has appointed MERS as the nominee
for Lender for this Loan, and attached a MERS Rider to this Security Insteument, to be executed by Borrower, which
further describes the relationship between Lender and MERS, and which is incorporated into and amends and
supplements this Security Instrument,

Documents

(E) "Note" means the promissory note dated December 26, 2025 » and signed by each Borrower
who is legally obligated for the debt under that promissory note, that is in either (i) paper form, using Borrower's
written pen and ink signature, or (i) electronic form, using Borrower's adopted Electronic Signature in accordance
with the UETA or E-SIGN, as applicable, The Note evidences the legal obligation of each Borrower who signed the
Note to pay Lender THREE HUNDRED EIGHTY THOUSAND AND 00/100

Dollars (U.S. $ 380,000.00 ) plus interest.
Each Borrower who signed the Note has promised to pay this debt in regular monthly payments and to pay the debt
in full not later than January 1, 2056
(F) "Riders" means all Riders to this Security lnstmmcnt that are signed by Borrower. All such Riders arc
incorporated into and deemed to be a part of this Security Instrument, The following Riders are to be signed by
Borrower {check box as applicable):

(O Adjustable Rate Rider | C'ondoniihium Rider Other(s) (specify):
() 1-4 Family Rider {7} Planned Unit Development Rider Assumption Policy Rider
(O Second Home Rider X} MERS Rider

(G) "“Seccurity Instrument" means this document, which is dated December 26, 2025 , together
with all Riders to this document.

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Additional Definitions

() "Applicable Law" means all controlling applicable federal, state, and local statutes, regulations, ordinances,
and administrative 'ulcs and orders (that have the e?‘ect of law) as well as all applicable final, non-appealable judicial
opinions. e e .

@ "Community Assocnauon Ducs, Fecs, and Assessments™ means all dues, fees, assessments, and other charges
that are imposed on Borrower or the Property by a condominium association, homeowners association, or similar
organization.

(J) Default" means: (i) the failure to pay any Periodic Payment or any other amount secured by this Security
Instrument on the date it is due; (ii) a breach of any representation, warranty, covenant, obligation, or agreement in
this Security Instrument; (iii) any materially false, misleading, or inaccurate information or statement to Lender
provided by Borrower or any persons or entities acting at Borrower's direction or with Borrower's knowledge or
consent, or failure to provide Lender with material information in connection with the Loan, as described in Section
8; or (iv) any action or proceeding described in Section 11(e).

(K) "Electronic Fund Transfer" means any transfer of funds, other than a transaction originated by check, draft,
or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or
magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term
includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by
telephone or other electronic device capable of communicating with such financial institution, wire transfers, and
automated clearinghouse transfers.

(L) "Electronic Signature' means an "Electronic Signature” as defined in the UETA or E-SIGN, as applicable.
(M) "E-SIGN'" means the Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7001 ef seq.),
as it may be amended from time to time, or any applicable additional or successor legislation that governs the same
subject matter.

(@) "Escrow Items" means: (i) taxes and assessments and other items that can attain priority over this Security
Instrument as a lien or encumbrance on the Property; (ii) leasehold payments or ground rents on the Property, if any;
(iii) premiums for any and all insurance required by I Lender under Section 5; and (iv) Community Association Dues,
Fees, and Assessments if Lender requires that they be’ cscrowcd beginning at Loan closing or at any time during the
Loan term. »

(0) "Loan” means the debt obligation evidenced by the Note, plus interest, any prepayment charges, costs,
expenses, and late charges due under the Note, and all sums due under this Sccumy Instrument, plus interest.

(P) '"Loan Servicer™ means the entity that has the contractual right to receive Borrower's Periodic Payments and
any other payments made by Borrower, and administers the Loan on behalf of Lender. Loan Servicer does not include
a sub-servicer, which is an entity that may service the Loan on behalf of the Loan Servicer.

(Q) "Miscellancous Proceeds™ means any compensation, settlement, award of damages, or proceeds paid by any
third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or
destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
(R) "Partial Payment" means any payment by Borrower, other than a voluntary prepayment permitted under the
Note, which is less than a full outstanding Periodic Payment,

(8) ‘'Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
plus (ii) any amounts under Section 3.

(T) 'Property" means the property described below under the heading "TRANSFER OF RIGHTS IN THE
PROPERTY."

(U) '"Rents" means all amounts received by or due Borrower in connection with the lease, use, and/or occupancy
of the Property by a party other than Borrower.

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(V) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 e1 seq.) and its implementing
regulation, Regulation X (12 C.F.R. Part 1024), as they may be.amended from time to time, or any additional or
successor federallegislation or regulation that governs the same subject matter. Whenused in this Security Instrument,
"RESPA" refers to all requirements and restrictions’that Would apply to a "federally related mortgage loan™ even if
the Loan does not qualify as a "federally related mortgage loan™ under RESPA.

(W) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that
party has assumed Borrower's obligations under the Note and/or this Security Instrument,

(X) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in which the Property
is located, as it may be amended from time to time, or any applicable additional or successor legislation that governs
the same subject matter. .

TRANSFER OF RIGHTS IN THE PROPERTY

This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, extensions, and
modifications of the Note, and (ii) the performance of Borrower's covenants and agreements under this Security
Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power
of sale, the following described property located in the

COUNTY of KLAMATH %
(Type of Recording Jurisdiction] {Name of Recording Jurisdiction)
See Attached
A.P.N.: 890295
which currently has the address of ' 5119 GLENWOOD DR
{Street]
KLAMATH FALLS , Oregon 97603 ("Property Address™);
(City) (Zip Code]

TOGETHER WITH all the improvements now or subsequently erected on the property, including replacements
and additions to the improvements on such property, all property rights, including, without limitation, all casements,
appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights, and fixtures now or subsequently
a part of the property. All of the foregoing is referred to in this Security Instrument as the "Property.”

BORROWER REPRESENTS, WARRANTS, COVENANTS, AND AGREES that: (i) Borrower lawfully owns
and possesses the Property conveyed in this Security Instrument in fee simple or lawfully has the right to use and
occupy the Property under a leaschold estate; (ii) Borrower has the right to grant and convey the Property or
Borrower's leaschold interest in the Property; and (iii) the Property is unencumbered, and not subject to any other
ownership interest in the Property, except for encumbrances and ownership interests of record. Borrower watrants
generally the title to the Property and covenants and agrees to defend the title to the Property against all claims and
demands, subject to any encumbrances and ownership interests of record as of Loan closing.

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THIS SECURITY INSTRUMENT combines uniform covenants for national use with limited variations and
non-uniform covenants that reflect specific Orcgon state requxrcments to constitute a uniform security instrument
covering real property. .

UNIFORM COVENANTS, Borrower and Lender oovenant and agree as follows:

1. Payment of Pnncnpal Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower will
pay each Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the
Note, and any other amounts due under this Security Instrument, Payments due under the Note and this Security
Instrument must be made in U.S. currency. If any check or other instrument received by Lender as payment under
the Note or this Security Instrument is returned to Lender unpaid Lender may require that any or all subsequent
payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected
by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check, or cashier's check, provided
any such check is drawn upon an institution whose deposits are insured by a U, S, federal agency, instrumentality,
or entity; or (d) Electronic Fund Transfer.

Payments are deemed received by Lender when received at the location designated in the Note or at such other
location as may be designated by Lender in accordance with the notice provisions in Section 15, Lender may accept
or return any Partial Payments in its sole discretion pursuant to Section 2.

Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from
making the full amount of all payments due under the Note and this Security Instrument or performing the covenants
and agreements secured by this Security Instrument,

2. Acceptance and Application of Payments or Procceds.

(a) Acceptance and Application of Partial Payments. Lender may accept and either apply or hold in suspense
Partial Payments in its sole discretion in accordance with this Section 2. Lender is not obligated to accept any Partial
Payments or to apply any Partial Payments at the time such payments are accepted, and also is not obligated to pay
interest on such unapplied funds. Lender may hold such unapplxed funds until Borrower makes payment sufficient to
cover a full Periodic Payment, at which time the amount of the full Periodic Payment will be applied to the Loan.
If Borrower does not make such a payment within a reasonable period of time, Lender will either apply such funds
in accordance with this Section 2 or return them to Borrower. If not applied carlier, Partial Payments will be credited
against the total amount due under the Loan in calculating the amount due in connection with any foreclosure
proceeding, payoff request, loan modification, ‘or reinstatement, Lender may accept any payment insufficient to bring
the Loan current without waiver of any rights undcr this Security Instrument or prejudice to its rights to refuse such
payments in the future,

(b) Orderof Application of Partial Payments and Periodic Payments. Except as otherwise described in this
Section 2, if Lender applies a payment, such payment will be applied to each Periodic Payment in the order in which
it became due, beginning with the oldest outstanding Periodic Payment, as follows: first to interest and then to
principal due under the Note, and finally to Escrow Items. If all outstanding Periodic Payments then due are paid in
full, any payment amounts remaining may be applied to late charges and to any amounts then due under this Security
Instrument. If all sums then due under the Note and this Security Instrument are paid in full, any remaining payment
amount may be applied, in Lender's sole discretion, to a future Periodic Payment or to reduce the principal balance
of the Note.

If Lender receives a payment from Borrower in the amount of one or more Periodic Payments and the amount
of any Iate charge due for a delinquent Periodic Payment, the payment may be applied to the delinquent payment and
the late charge.

When applying payments, Lender will apply such payments in accordance with Applicable Law,

(c) Voluntary Prepayments, Voluntary prepayments will be applied as described in the Note,

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(d) No Change to Payment Schedule. Any application of payments, insurance proceeds, or Miscellaneous
Proceeds to principal due under the Note will not extend or postpone the due date, or change the amount, of the
Periodic Payments. '

3. Funds for Escrow Items. R

(a) Escrow Requirement; Escrow Ttems. Borrower must pay to Lender on the day Periodic Payments are due
under the Note, until'the Note is paid in;full, a sum of money to provide for payment of amounts due for all Escrow
Items (the "Funds®). The amount of the Funds required to be paid each month may change during the term of the
Loan. Borrower must promptly furnish to Lender all notices or invoices of amounts to be paid under this Section 3.

(b) Payment of Funds; Waiver. Borrower must pay Lender the Funds for Escrow Items unless Lender waives
this obligation in writing. Lender may waive this obligation for any Escrow Item at any time. In the event of such
waiver, Borrower must pay directly, when and where payable, the amounts due for any Escrow Items subject to the
waiver. If Lender has waived the requirement to pay Lender the Funds for any or all Escrow Items, Lender may
require Borrower to provide proof of direct payment of those items within such time period as Lender may require.
Borrower's obligation to make such timely payments and to provide proof of payment is deemed to be a covenant and
agreement of Botrower under this Security Instrument, If Borrower is obligated to pay Escrow Items directly pursuant
to a waiver, and Borrower fails to pay timely the amount due for an Escrow Item, Lender may exercise its rights under
Section 9 to pay such amount and Borrower will be obligated to repay to Lender any such amount in accordance with
Section 9.

Lender may withdraw the waiver as to any or all Escrow Items at any time by giving a notice in accordance with
Section 15; upon such withdrawal, Borrower must pay to Lender all Funds for such Escrow Items, and in such
amounts, that are then required under this Section 3.

(¢) Amount of Funds; Application of Funds. Lender may, at any time, collect and hold Funds in an amount
up to, but not in excess of, the maximum amount a lender can require under RESPA. Lender will estimate the amount
of Funds due in accordance with Applicable Law.

The Funds will be held in an institution whose deposxts are insured by a U.S. federal agency, instrumentality,
or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan
Bank. Lender will apply the Funds to pay thé Escrow Items no later than the time specified under RESPA. Lender
may not charge Borrower for: (i) holding and applying the Funds; (ii) annually analyzing the escrow account; or (iii)
verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender
to make such a charge. Unless Lender and Borrower agree in writing or Applicable Law requires interest to be paid
on the Funds, Lender will not be required to pay Borrower any interest or earnings on the Funds. Lender will give
to Borrower, without charge, an annual accounting of the Funds as required by RESPA.

(d) Surplus; Shortage and Deficiency of Funds. In accordance with RESPA, if there is a surplus of Funds
held in escrow, Lender will account to Borrower for such surplus. If Borrower's Periodic Payment is delinquent by
more than 30 days, Lender may retain the surplus in the escrow account for the payment of the Escrow Items. If there
is a shortage or deficiency of Funds held in escrow, Lender will notify Borrower and Borrower will pay to Lender
the amount necessary to make up the shortage or deficiency in accordance with RESPA.

Upon payment in full of all sums secured by this Security Instrument, Lender will promptly refund to Borrower
any Funds held by Lender.

4. Charges; Liens. Borrower must pay (2) all taxes, assessments, charges, fines, and impositions attributable
to the Property which have priority or may attain priority over this Security Instrument, (b) leasehold payments or
ground rents on the Property, if any, and (¢) Community Association Dues, Fees, and Assessments, if any. If any
of these items are Escrow Items, Borrower will pay them in the manner provided in Section 3.

Borrower must promptly discharge any lien that has priority or may attain priority over this Security Instrument
unless Borrower: (2a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable
to Lender, but only so long as Borrower is performing under such agreement; (bb) contests the lien in good faith by,
or defends against enforcement of the lien in, legal proceedings which Lender determines, in its sole discretion,

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operate to prevent the enforcement of the lien while those procecdings ate pending, but only until such proceedings
are concluded; or (cc) secures from the holder of the lien an agreement satisfactory to Lender that subordinates the
lien to this Security Instrument (collectively, the "Required Actions") If Lender determines that any part of the
Property is subject to a lien that has pnomy or may attain priority over this Security Instrument and Borrower has
not taken any of the Required Actions in regard to such ' lien,- Lender may give Borrower a notice identifying the lien.
Within 10 days aftér the'date on which that notice is given, Borrower must satisfy the lien or take one or more of the
Required Actions.

5. Property Insurance.

(2) Insurance Requirement; Coverages. Borrower must keep the improvements now existing or subsequently
erected on the Property insured against loss by fire, hazards included within the term "extended coverage,” and any
other hazards including, but not limited to, earthquakes, winds, and floods, for which Lender requires insurance.
Borrower must maintain the types of insurance Lender requires in the amounts (including deductible levels) and for
the periods that Lender requires. What Lender requires pursuant to the preceding sentences canchange duting the term
of the Loan, and may exceed any minimum coverage required by Applicable Law. Borrower may choose the insurance
carrier providing the insurance, subject to Lender's right to disapprove Borrower's choice, which right will not be
exercised unreasonably,

(b) Failure to Maintain Insurance. If Lender has a reasonable basis to believe that Borrower has failed to
maintain any of the required insurance coverages described above, Lender may obtain insurance coverage, at Lender’s
option and at Borrower's expense. Unless required by Applicable Law, Lender is under no obligation to advance
premiums for, or to seek to reinstate, any prior lapsed coverage obtained by Borrower. Lender is under no obligation
to purchase any particular type or amount of coverage and may select the provider of such insurance in its sole
discretion. Before purchasing such coverage, Lender will notify Borrower if required to do so under Applicable Law.
Any such coverage will insure Lender, but might not protect Botrower, Borrower's equity in the Property, or the
contents of the Property, against any risk, hazard, or liability and might provide greater or lesser coverage than was
prevxously in effect, but not exceeding the  coverage required under Section 5(a). Borrower acknowledges that the cost
of the insurance coverage so obtained may sngmf canlly exceed the codt of insurance that Borrower could have
obtained. Any amounts disbursed by Lender for costs: assocmted with reinstating Borrower's insurance policy or with
placing new insurance under this Section 5 will become additional debt of Borrower secured by this Security
Instrument, These amounts will bear interest at the Note rate from the date of disbursement and will be payable, with
such interest, upon notice from Lender to Borrower requesting payment.

(c) Insurance Policies. All insurance policics required by Lender and rencwals of such policies: (i) will be
subject to Lender' s right to disapprove such policies; (1i) must include a standard mortgage clause; and (iii) must name
Lender as mortgagee and/or as an additional loss payee. Lender will have the right to hold the policies and renewal
certificates. If Lender requires, Borrower will promptly give to Lender proof of paid premiums and renewal notices.
If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction
of, the Property, such policy must include a standard mortgage clause and must name Lender as mortgagee and/or
as an additional loss payee.

(d) Proof of Loss; Application of Procceds. In the event of loss, Borrower must give prompt notice to the
insurance carrier and Lender, Lender may make proof of loss if not made promptly by Borrower. Any insurance
proceeds, whether or not the underlying insurance was required by Lender, will be applied to restoration or repair
of the Property, if Lender deems the restoration or repair to be economically feasible and determines that Lender's
security will not be lessened by such restoration or répair,

If the Property is to be repaired or restored, Lender will disburse from the insurance proceeds any initial amounts
that are necessary to begin the repair or restoration, subject to any restrictions applicable to Lender, During the
subsequent repair and restoration period, Lender will have the right to hold such insurance proceeds until Lender has
had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction (which
may include satisfying Lender’s minimum eligibility requirements for persons repairing the Property, including, but

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pot limited to, licensing, bond, and insurance requirements) provided that such inspection must be undertaken
promptly. Lender may disburse proceeds for the repairs arnd restoration in a single payment or in a series of progress
payments as the wotk is completed dependlng on' 6 % sizeof the.repair or-restoration, the terms of the repair
agreement, and whether Borrower is in Default on the Loan, Lender may make such disbursements directly to
Borrower, to the person 1 repairing or restoring the Property, or payable jointly to both. Lender will not be required
-to pay Borrower any ntérest or camingd on such insurance proceeds unless Lender and Borrower agree in writing or
Applicable Law requires otherwise. Fees for public adjusters, or other third parties, retained by Borrower will not
be paid out of the insurance proceeds and will be the sole obligation of Borrower.

If Lender deems the restoration or repair not to be economically feasible or Lender's security would be lessened
by such restoration or repair, the insurance proceeds will be applied to the sums secured by this Security Instrument,
whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds will be applied in the
order that Partial Payments are applied in Section 2(b).

(¢) Insurance Scttlements; Assignment of Procceds. If Borrower abandons the Property, Lender may file,
negotiate, and settle any available insurance claim and related matters. If Borrower does not respond within 30 days
to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle
the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property
under Section 25 or otherwise, Borrower is unconditionally assigning to Lender (i) Borrower"s rights to any insurance
proceeds in an amount not to exceed the amounts unpaid under the Note and this Security Instrument, and (ii) any
other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all
insurance policies covering the Property, to the extent that such rights are applicable to the coverage of the Property.
If Lender files, negotiates, or settles a claim, Borrower agrees that any insurance proceeds may be made payable
directly to Lender without the need to include Borrower as an additional loss payee. Lender may use the insurance
proceeds either to repair or restore the Property (as provided in Section 5(d)) or to pay amounts unpaid under the Note
or this Security Instrument, whether or not then due.

6. Occupancy. Borrower must occupy, establish, anduse the Property as Borrower' sprincipal residence within
60 days after the execution of this Security Instrumcnt ‘and must continuc to occupy the Property as Borrower's
principal residence for at least onc year afier the date of occupancy, unless Lender otherwise agrees in writing, which
consent will not be unreasonably withheld, or unless cxtcnuatxng cxrwmtanc@ exist that are beyond Borrower's
control.

7. Prescrvation, Maintenance, and Protection of the Property; Inspections. Borrower will not destroy,
damage, or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Whether or not
Borrower is residing in the Property, Borrower must maintain the Property in order to prevent the Property from
deteriorating or decreasing in value due to its condition. Unless Lender determines pursuant to Section 5 that repair
or restoration is not economically feasible, Borrower will promptly repair the Property if damaged to avoid further
deterioration or damage.

If insurance or condemnation proceeds are paid to Lender in connection with damage to, or the taking of, the
Property, Borrower will be responsible for repairing or restoring the Property only if Lender has released proceeds
for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of
progress payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair
agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to
Borrower, to the person repairing or restoring the Property, or payable jointly to both. If the insurance or
condemnation proceeds are not sufficient 10 repair or restore the Property, Borrower remains obligated to complete
such repair or restoration,

Lender may make reasonable entries upon and inspections of the Property. If Lender has reasonable cause,
Lender may inspect the interior of the improvements on the Property. Lender will give Borrower notice at the time
of or prior to such an interior inspection specifying such reasonable cause.

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8. Borrower's Loan Apphcatnon Borrower will be in Default if, during the Loan application process,
Borrower or any persons or entitics acting at Borrower's direction or with Borrower's knowledge or consent gave
materially false, misleading, or inaccurate mformauon s0r, statements to Lender (or failed to provide Lender with
material information) in connection with the Loar, xnciud' ing,. but not limited to, overstating Borrower's income or
assets, understatmg or falhng to prowde documentation of Borrower’s debt obligations and liabilities, and
misrepresenting Botrower's occupanty ‘ot intended occupancy of the Property as Borrower's principal residence.

9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument.

(a) Protection of Lender's Interest. If: (i) Borrower fails to perform the covenants and agreements contained
in this Security Instrument; (ii) there is a legal proceeding or government order that might significantly affect Lender's
interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for
condemnation or forfeiture, for enforcement of a lien that has priority or may attain priority over this Security
Instrument, or to enforce laws or regulations); or (iii) Lender reasonably believes that Borrower has abandoned the
Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the
Property and/or rights under this Security Instrument, including protecting and/or assessing the value of the Property,
and securing and/or repairing the Property. Lender’s actions may include, but are not limited to: (1) paying any sums
secured by a lien that has priority or may attain priority over this Security Instrument; (II) appearing in court; and
(II) paying: (A) reasonable attorneys® fees and costs; (B) property inspection and valuation fees; and (C) other fees
incurred for the purpose of protecting Lender’s interest in the Property and/or rights under this Security Instrument,
including its secured position in a bankruptey proceeding. Securing the Property includes, but is not limited to,
exterior and interior inspections of the Property, entering the Property to make repairs, changing locks, replacing or
boarding up doors and windows, draining water from pipes, eliminating building or other code violations or
dangerous conditions, and having utilities turned on or off. Although Lender may take action under this Section 9,
Lender is not required to do so and is not under any duty or obligation to do so. Lender will not be liable for not
taking any or all actions authorized under this Section 9,

(b) Avoiding Foreclosure; Mitigating Losses. If Borrower is in Default, Lender may work with Botrower to
avoid foreclosure and/or mitigate Lender’s potential losses, | but s not obligated to do so unless required by Applicable
Law. Lender may take reasonable actions to evaluate Borrower for available alternatives to foreclosure, including,
but not limited to, obtaining credit reports, title reports, title insurance, property valuations, subordination
agreements, and third-party approvals, Borrower authorizes and consents to these actions, Any costs associated with
such loss mitigation activities may be paid by Lender and recovered from Borrower as described below in Section 9(c),
unless prohibited by Applicable Law.

(c) Additional Amounts Secured. Any amounts disbursed by Lender under this Section 9 will become
additional debt of Borrower sccured by this Security Instrument. These amounts may bear interest at the Note rate
from the date of disbursement and will be payable, with such interest, upon notice from Lender to Borrower
requesting payment.

(d) Leasehold Terms. If this Security Instrument is on a leaschold, Borrower will comply with all the
provisions of the lease. Borrower will not surrender the leaschold estate and interests conveyed, or terminate or cancel
the ground lease. Borrower will not, without the express written consent of Lender, alter or amend the ground lease,
If Borrower acquires fee title to the Property, the leaschold and the fee title will not merge unless Lender agrees to
the merger in writing,.

10. Assignment of Rents.,

(a) Assignment of Rents. If the Property is leased to, used by, or occupied by a third party ("Tenant™),
Borrower is unconditionally assigning and transferring to Lender any Rents, regardless of to whom the Rents are
payable. Borrower authorizes Lender to collect the Rents, and agrees that each Tenant will pay the Rents to Lender.
However, Borrower will reccive the Rents until (i) Lender has given Borrower notice of Default pursuant to Section
25, and (ii) Lender has given notice to the Tenant that the Rents are to be paid to Lender. This Section 10 constitutes
an absolute assignment and not an assignment for additional security only.

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(b) Notice of Default, If Lender gives notice of Default to Borrower: (i) all Rents received by Borrower must
be held by Borrower as trustee for the benefit of Lender only, to be applied to the sums secured by the Security
Instrument; (ii) Lender will be entitled to collect: and rccewe all of the Rents; (iii) Borrower agrees to instruct each
Tenant that Tenant is to pay all Rents due and unpald fo.Lender upon Lender's written demand to the Tenant; (iv)
Borrower will ensure that. each Jenant pays all Rents due to L.ender and will take whatever action is necessary to
collect such Rents if not paxd to Lender' (v) unless Applicable Law provides otherwise, all Rents collected by Lender
will be applied first to the costs of taking control of and managing the Property and collecting the Rents, including,
but not limited to, reasonable attorneys’ fees and costs, receiver's fees, premiums on receiver's bonds, repair and
maintenance costs, insurance premiums, taxes, assessments, and other charges on the Property, and then to any other
sums secured by this Security Instrument; (vi) Lender, or any judicially appointed receiver, will be liable to account
for only those Rents actually received; and (vii) Lender will be entitled to have areceiver appointed to take possession
of and manage the Property and collect the Rents and profits derived from the Property without any showing as to
the inadequacy of the Property as security.

(¢) Funds Paid by Lender. If the Rents are not sufficient to cover the costs of taking control of and managing
the Property and of collecting the Rents, any funds paid by Lender for such purposes will become indebtedness of
Borrower to Lender secured by this Security Instrument pursuant to Section 9.

(d) Limitation on Collection of Rents. Borrower may not collect any of the Rents more than one month in
advance of the time when the Rents become due, except for security or similar deposits.

(¢) No Othcr Assignment of Rents, Borrower represents, warrants, covenants, and agrees that Borrower has
not signed any prior assignment of the Rents, will not make any further assxgmnent of the Rents, and has not
performed, and will not perform, any act that could prevent Lender from exercising its rights under this Seeurxty
Instrument,

() Control and Maintcnance of the Property. Unless required by Applicable Law, Lender, or a receiver
appointed under Applicable Law, is not obligated to enter upon, take control of, or maintain the Property before or
after giving notice of Default to Borrower. Howcver, Lender, or a receiver appointed under Applicable Law, may
do so at any time when Borrower is in Default, sub;ect to Appllcable Law,

(g) Additional Provisions. Any application of the Rents will not cure or waive any Default or invalidate any
other right or remedy of Lender. This Section 10 does not relieve Borrower of Borrower's obligations under Section
6. . ‘ ’

This Section 10 will terminate when all the sums secured by this Security Instrument are paid in full.

11. Assignment and Application of Miscellancous Proceeds; Forfeiture.

(a) Assignment of Miscellancous Proceeds. Borrower is unconditionally assigning the right to receive all
Miscellaneous Proceeds to Lender and agrees that such amounts will be paid to Lender.

(b) Application of Miscellancous Procceds upon Damage to Property. If the Property is damaged, any
Miscellaneous Proceeds will be applied to restoration or repair of the Property, if Lender deems the restoration or
repair to be economically feasible and Lender's security will not be lessened by such restoration or repair. During such
repair and restoration period, Lender will have the right to hold such Miscellaneous Proceeds until Lender has had
an opportunity to inspect the Property to ensure the work has been completed to Lender's satisfaction (which may
include satisfying Lender's minimum eligibility requirements for persons repairing the Property, including, but not
limited to, licensing, bond, and insurance requirements) provided that such inspection must be undertaken promptly.
Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work
is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether
Borrower is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person
repairing or restoring the Property, or payable jointly to both. Unless Lender and Borrower agree in writing or
Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender will not be required to pay
Borrower any interest or earnings on such Miscellaneous Proceeds, If Lender deems the restoration or repair not to
be economically feasible or Lender's security would be lessened by such restoration or repair, the Miscellaneous

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Proceeds will be applied to the sums secured by this Security Instrument, whether or not then due, with the excess,
if any, paid to Borrower. Such Miscellaneous Proceeds will be applied in the order that Partial Payments are applied
in Section 2(b).

(¢) Application of Miscellancous Procecds upon Condcmnatlon, Destruction, or Loss in Value of the
Property. In the event of a total takmg. destruction, or loss in value of the Property, all of the Miscellancous
Proceeds will be applicd fo the sunis'sééured by this Security Instrument, whether or not then due, with the excess,
if any, paid to Borrower,

In the event of a partial taking, destruction, or loss in value of the Property (each, a "Partial Devaluation™)
where the fair market value of the Property immediately before the Partial Devaluation is equal to or greater than the
amount of the sums securcd by this Security Instrument immediately before the Partial Devaluation, a percentage of
the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument unless Borrower and
Lender otherwise agree in writing, The amount of the Miscellaneous Proceeds that will be so applied is determined
by multiplying the total amount of the Miscellancous Proceeds by a percentage calculated by taking (i) the total
amount of the sums secured immediately before the Partial Devaluation, and dividing it by (it) the fair market value
of the Property immediately before the Partial Devaluation, Any balance of the Miscellaneous Proceeds will be paid
to Borrower.

In the event of a Partial Devaluation where the fair market value of the Property immediately before the Partial
Devaluation is less than the amount of the sums secured immediately before the Partial Devaluation, all of the
Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not the sums are
then due, unless Borrower and Lender otherwise agree in writing.

(d) Settlement of Claims. Lender is authorized to collect and apply the Miscellaneous Proceeds either to the
sums secured by this Security Instrument, whether or not then due, or to restoration or repair of the Property, if
Borrower (i) abandons the Property, or (ii) fails to respond to Lender within 30 days after the date Lender notifies
Borrower that the Opposing Party (as defined in the next sentence) offers to setle a claim for damages. "Opposing
Party™ means the third party that owes Borrower the Mlscellaneous Proceeds or the party against whom Borrower has
a right of action in regard to the Miscellaneous Proceeds.”

(¢) Procceding Affecting Lender's Interest in the Property. Borrower will be in Default if any action or
proceeding begins, whether civil or criminal, that, in Lender's judgment, could result in forfeiture of the Property
or other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower
can cure such a Default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action
or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other
material impairment of Lender's interest in the Property or rights under this Security Instrument, Borrower is
unconditionally assigning to Lender the proceeds of any award or claim for damages that are attributable to the
impairment of Lender’s interest in the Property. which proceeds will be paid to Lender, All Miscellaneous Proceeds
that are not applied to restoration or repair of the Property will be applied in the order that Partial Payments are
applied in Section 2(b).

12. Borrower Not Released; Forbearance by Lender Not a Waiver. Borrower or any Successor in Interest
of Borrower will not be released from liability under this Security Instrument if Lender extends the time for payment
or modifies the amortization of the sums secured by this Security Instrument. Lender will not be required to
commence proceedings against any Successor in Interest of Borrower, or to refuse to extend time for payment or
otherwise modify amortization of the sums secured by this Security Instrument, by reason of any demand made by
the original Borrower or any Successors in Interest of Borrower, Any forbearance by Lender in exercrsxng any right
or remedy including, without limitation, Lender’s acceptance of payments from third persons, entities, or Successors
in Interest of Botrower or in amounts less than the amount then due, will not be a waiver of, or preclude the exercise
of, any right or remedy by Lender,

13. Joint and Scveral Liability; Signatorics; Successors and Assigns Bound. Borrower's obligations and
liability under this Security Instrument will be joint and several. However, any Borrower who signs this Security

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Instrument but does not sign the Note: (a) signs this Security Instrument to mortgage, grant, and convey such
Borrower's interest in the Property under the terms of this Security Instrument; (b) signs this Security Instrument to
waive any applicable inchoate rights such as dower and curtesy and any available homestead exemptions; (c) signs
this Security Instrument to assign any Miscellaneous Procéeds,-Rents, or other earnings from the Property to Lender;
{(d) is not personally obligated to pay the sums due under the Note or this Security Instrument; and (¢) agrees that
Lender and any other Borrower"can-agice to extend, modify, forbear, or make any accommodations with regard to
the terms of the Note or this Security Instrument without such Borrower's consent and without affecting such
Borrower's obligations under this Security Instrument,

Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's
obligations under this Security Instrtument in writing, and is approved by Lender, will obtain all of Borrower' s rights,
obligations, and benefits under this Security Instrument. Borrower will not be released from Borrower's obligations
and liability under this Security Instrument unless Lender agrees to such release in writing.

14. Loan Charges. -

(a) Tax and Flood Dctermination Fees. Lender may require Borrower to pay (i) a one-time charge for a real
estate tax verification and/or reporting service used by Lender in connection with this Loan, and (ii) cither (A) a
one-time charge for flood zone determination, certification, and tracking services, or (B) a one-time charge for flood
zone determination and certification services and subsequent charges each time remappings or similar changes occur
that reasonably might affect such determination or certification. Borrower will also be responsible for the payment
of any fees imposed by the Federal Emergency Management Agency, or any successor agency, at any time during the
Loan term, in connection with any flood zone determinations.

(b) Default Charges. If permitted under Applicable Law, Lender may charge Borrower fees for services
performed in connection with Borrower's Default to protect Lender’s interest in the Property and rights under this
Security Instrument, including: (i) reasonable attorneys' fees and costs; (ii) property inspection, valuation, mediation,
and loss mitigation fees; and (1ii) other related fees.

(¢) Permissibility of Fecs. In regard to any other fees, the absence of express authority in this Security
Instrument to charge a specific fee to Borrower should not be construed as a prohibition on the charging of such fee.
Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law,

(d) Savings Clausc. If Applicable Law sets maximum Joan charges, and that law is finally interpreted so that
the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits,
then (i) any such loan charge will be reduced by the amount necessary to reduce the charge to the permitted limit, and
{i1) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender
may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to
Borrower. Ifa refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment
charge (whether or not a prepayment charge is provided for under the Note). To the extent permitted by Applicable
Law, Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any
right of action Borrower might have arising out of such overcharge.

15. Notices; Borrower's Physical Address. All notices given by Borrower or Lender in connection with this
Security Instrument must be in writing.

(2) Notices to Borrower. Unless Applicable Law requires a different method, any written notice to Borrower
in connection with this Security Instrument will be deemed to have been given to Borrower when (i) mailed by first
class mail, or (ii) actually delivered to Borrower"s Notice Address (as defined in Section 15(c) below) if sent by means
other than first class mail or Electronic Communication (as defined in Section 15(b) below). Notice to any one
Borrower will constitute notice to all Borrowers unless Applicable Law expressly requites otherwise. If any notice
to Borrower required by this Security Instrument is also required under Applicable Law, the Applicable Law
requirement will satisfy the corresponding requirement under this Security Instrument.

(b) Electronic Notice to Borrower. Unless another delivery method is required by Applicable Law, Lender
may provide notice to Borrower by e-mail or other clectronic communication ("Electronic Communication”) if: (i)

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agreed to by Lender and Borrower in writing; (i) Borrower has provided Lender with Borrower's e-mail or other
electronic address ("Electronic Address™); (iii) Lender provides Borrower with the option to receive notices by first
class mail or by other non-Electronic Communication instead of by Electronic Communication; and (iv) Lender
otherwise complies with Applicable Law. Any nétice to Borrower sent by Electronic Communication in connection
with this Seeurlty Instrument will be deemed to have been given to Borrower when sent unless Lender becomes aware
that such notice is not ‘d¢tivered. If' Lénider becomes aware that any notice sent by Electronic Communication is not
delivered, Lender will resend such communication to Borrower by first class mail or by other non-Electronic
Communication. Borrower may withdraw the agreement to receive Electronic Communications from Lender atany
time by providing written notice to Lender of Borrower's withdrawal of such agreement.

() Borrower's Notice Address. The address to which Lender will send Borrower notice ("Notice Address™)
will be the Property Address unless Borrower has designated a different address by written notice to Lender, If Lender
and Borrower have agreed that notice may be given by Electronic Communication, then Borrower may designate an
Electronic Address as Notice Address. Borrower will promptly notify Lender of Borrower's change of Notice
Address, including any changes to Borrower's Electronic Address if designated as Notice Address. If Lender specifies
aprocedure for reporting Borrower’ s change of Notice Address, then Borrower will reportachange of Notice Address
only through that specified procedure.

(d) Notices to Lender. Any notice to Lender will be given by delivering it or by mailing it by first class mail
to Lender's address stated in this Security Instrument unless Lender has designated another address (including an
Electronic Address) by notice to Borrower. Any notice in connection with this Security Instrument will be deemed
to have been given to Lender only when actually received by Lender at Lender's desrgnated address (which may
include an Electronic Address). If any notice to Lender required by this Security Instrument is also required under
Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security
Instrument.

(¢) Borrower's Physical Address. Inaddition to the designated Notice Address, Borrower will provide Lender
with the address where Borrower physically resides, if dn?'erent from the Property Address, and notify Lender
whenever this address changes.

16. Governing Law; Scverability; Rules of Constructlon. This Secumy Instrument is governed by federal
law and the law of the State of Oregon. All rights and oblngatnons contained in this Security Instrument are subject
to any requirements and limitations of Applicable Law. If any provision of this Security Instrument or the Note
conflicts with Applicable Law (i) such conflict will not affect other provisions of this Security Instrument or the Note
that can be given effect without the conflicting provision, and (ii) such conflicting provision, to the extent possible,
will be considered modified to comply with Applicable Law. Applicable Law might explicitly or implicitly allow the
parties to agree by contract or it might be silent, but such silence should not be construed as a prohibition against
agreement by contract, Any action required under this Security Instrument to be made in accordance with Applicable
Law is to be made in accordance with the Applicable Law in effect at the time the action is undertaken.

As used in this Security Instrument: (a) words in the singular will mean and include the plural and vice versa;
(b) the word "may” gives sole discretion without any obligation to take any action; (¢) any reference to "Section” in
this document refers to Sections contained in this Secutity Instrument unless otherwise noted; and (d) the headings
and captions are inserted for convenience of reference and do not define, limit, or describe the scope or intent of this
Security Instrument or any particular Section, paragraph, or provision,

17. Borrower's Copy. One Borrower will be given one copy of the Note and of this Security Instrument.

18. Transfer of the Property; Acceleration; Assumption. This loan may be declared immediately duc and
payable upon transfer of the property securing such loan to any transferee, unless the acceptability of the
assumption of the loan is established pursuant to Scction 3714 of Chapter 37, Title 38, United States Code. The
acceptability of any assumption shall also be subject to the following additional provisions:

(a) Funding Fee: A fee equal to one-half of 1 pereent of the balance of this loan as of the date
of transfer of the property shall be payable at the time of transfer to the loan holder or its authorized

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agent, as trustec for the Departinent of Veterans Affairs. If the assumer fails to pay this fec at the

time of transfer, the fee shall constitute an additional debt to that alrcady secured by this instrument,

shall bear interest at the rate hercin providcd,"apd ‘at.thé option of the payce of the indcbtedness

hereby sccured or any transferce thereof, shall be lmmcdiatcly duc and payable. This fec is

automatrcallx waived if the  assumer is exempt under the provisions of 38 U.S.C. 3729(c).

o) Proccssfng Chargc. ’Upon application for approval to allow assumption of this loan, a
processing fee may be charged by the loan holder or its authorized agent for determining the
creditworthiness of the assumer and subsequently revising the holder's ownership records when an
approved transfer is completed. The amount of this charge shall not exceed the maximum established
by the Department of Veterans Affairs for a loan to which Scction 3714 of Chapter 37, Title 38,
United States Code applies.

(c) Indcmnity Liability Assumption: If this obligation is assumed, then the assumer hereby
agrees to assume all of the obligations of the veteran under the terms of the instruments creating and
securing the loan. The assumer further agrees to indemnify the Department of Veterans Affairs to
the extent of any claim payment arising from the guaranty or insurance of the indebtedness created
by this instrument,

If the acceptability of the assumption of this loan is not established for any reason, and Lender exercises
its option to declare all sums secured by this Sccurity Instrument immediately due and payable, Lender shall
give Borrower notice of acceleration. The notice shall proyide a period of not less than 30 days from the date
the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this
Sccurity Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may
invoke any remedics permitted by this Sccurity Instrument without further notice or demand on Borrower,

19. Borrower's Right to Reinstate the Loan after Acceleration. If Borrower meets certain conditions,
Borrower will have the right to reinstate the Loan and have enforcement of this Security Instrument discontinued at
any time up to the later of (a) five days before any foreclosure sale of the Property, or (b) such other period as
Applxcable Law might specify for the termination of Borrower sright to reinstate. This right to reinstate will not apply
in the case of acceleration under Section 18.

To reinstate the Loan, Borrower must satisfy all of the following conditions: (aa) pay Lender all sums that then
would be due under this Security Instrument and the Note as if no acceleration had occurred; (bb) cure any Default
of any other covenants or agreements under this Security Instrument or the Note; (cc) pay all expenses incurred in
enforcing this Security Instrument or the Note, including, but not limited to: (i) reasonable attorneys' fees and costs;
(ii) property inspection and valuation fees; and (jii) other fees incurred to protect Lender's interest in the Property
and/or rights under this Security Instrument or the Note; and (dd) take such action as Lender may reasonably require
to assure that Lender's interest in the Property and/or rights under this Security Insttument or the Note, and
Borrower's obligation to pay the sums secured by this Sccurity Instrument or the Note, will continue unchanged.

Lender may requite that Borrower pay such reinstatement sums and expenses in one or more of the following
forms, as selected by Lender: (aaa) cash; (bbb) money order; (ccc) certified check, bank check, treasurer's check, or
cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal
agency, instrumentality, or entity; or (ddd) Electronic Fund Transfer. Upon Borrower's reinstatement of the Loan,
this Security Instrument and obligations secured by this Security Instrument will remain fully effective as if no
acceleration had occurred,

20. Salc of Note. The Note or a partial interest in the Note, together with this Security Instrument, may be sold
or otherwise transferred one or more times. Upon such a sale or other transfer, all of Lender's rights and obligations
under this Security Instrument will convey to Lender's successors and assigns.

21. Loan Scrvicer, Lender may take any action permitted under this Security Instrument through the Loan
Servicer or another authorized representative, such as a sub-servicer. Borrower understands that the Loan Servicer
or other authorized representative of Lender has the right and authority to take any such action.

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The Loan Servicer may change one or more times during the term of the Note. The Loan Servicer may or may
not be the holder of the Note. The Loan Setvicer has the right and authority to: (a) collect Periodic Payments and any
other amounts due under the Note and this Security Instrument; (b) perform any other mortgage loan servicing
obligations; and (c) exercise any rights under the Note,; this Socunly Instrument, and Applicable Law on behalf of
Lender. Ifthereis a change of the Loan Servxcer, Borrower will. be given written notice of the change which will state
the name and addréss6f the new Loan' Servicer, the address to which' payments should be made, and any other
information RESPA requires in connection with a notice of transfer of servicing.

22. Notice of Gricvance. Until Borrower or Lender has notified the other party (in accordance with Section
15) of an alleged breach and afforded the other party a reasonable period after the giving of such notice to take
corrective action, neither Borrower nor Lender may commence, join, or be joined to any judicial action (either as an
individual litigant or a member of a class) that (a) arises from the other party’s actions pursuant to this Security
Instrument or the Note, or (b) alleges that the other party has breached any provision of this Security Instrument or
the Note. If Applicable Law provides a time period that must elapse before certain action can be taken, that time
period will be deemed to be reasonable for purposes of this Section 22. The notice of Default given to Borrower
pursuant to Section 25(a) and the notice of acceleration given to Borrower pursuant to Section 18 will be deemed to
satisfy the notice and opportunity to take corrective action provisions of this Section 22.

23. Hazardous Substances.

(a) Definitions. As used in this Section 23: (i) "Environmental Law™ means any Applicable Laws where the
Property is located that relate to health, safety, or environmental protection; (if) "Hazardous Substances” include (A)
those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law, and (B) the
following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and
herbicides, volatile solvents, materials containing asbestos or formaldehyde, corrosive materials or agents, and
radioactive materials; (iii) " Environmental Cleanup” includes any response action, remedialaction, or removalaction,
as defined in Environmental Law; and (iv) an "Environmental Condition™ meansa condition that can cause, contribute
to, or otherwise trigger an Environmental Cleanup.

() Restrictions on Use of Hazardous Substances. Borrower will not cavse or permit the presence, use,
disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in
the Property. Borrower will not do, nor allow anyone else to do, anything affecting the Property that: (i) violates
Environmental Law; (if) creates an Environmental Conditions or (iii) due to the presence, use, or release of a
Hazardous Substance, creates a condition that adversely affects or could adversely affect the value of the Property.
The preceding two sentences will not apply to the presence, use, or storage on the Property of small quantities of
Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance
of the Property (including, but not limited to, hazardous substances in consumer products).

(c) Notices; Remedial Actions. Borrower will promptly give Lender written notice of: (i) any investigation,
claim, demand, lawsuit, or other action by any governmental or regulatory agency or private party involving the
Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge; (i) any
Environmental Condition, including but not limited to, any spilling, leaking, discharge, release, or threat of release
of any Hazardous Substance; and (iii) any condition caused by the presence, use, or release of a Hazardous Substance
that adversely affects the value of the Property. If Borrower leatns, or is notified by any governmental or regulatory
authority or any private party, that any removal or other remediation of any Hazardous Substance affecting the
Property is necessary, Borrower will prompily take all necessary remedial actions in accordance with Environmental
Law. Nothing in this Security Instrument will create any obligation on Lender for an Environmental Cleanup.

24, Electronic Note Signed with Borrower's Electronic Signature, If the Note evidencing the debt for this
Loan is electronic, Borrower acknowledges and represents to Lender that Borrower: (a) expressly consented and
intended to sign the electronic Note using an Electronic Signature adopted by Borrower ("Borrower’s Electronic
Signature™) instead of signing a paper Note with Borrower's written pen and ink signature; (b) did not withdraw
Borrower's express consent to sign the electronic Note using Borrower's Electronic Signature; (¢) understood that by

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signing the electronic Note using Borrower's Electronic Sigoature, Borrower promised to pay the debt evidenced by
the electronic Note in accordance with its terms; and: (d) sxgned the electronic Note with Borrower's Electronic
Signature with the intent and understanding that by ‘doing 3o, Borrower promised to pay the debt evidenced by the
electronic Note in accordance with its terms,

L Lo d . ,

NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:

25. Acccleration; Remedics.

(a) Noticc of Default. Lender will give a notice of Default to Borrower prior to acceleration following
Borrower's Default, except that such notice of Default will not be sent when Lender exercises its right under Section
18 unless Applicable Law provides otherwise. The notice will specify, in addition to any other information required
by Applicable Law: (i) the Default; (ji) the action required to cure the Default; (iii) a date, not less than 30 days (or
as otherwise specified by Applicable Law) from the date the notice is given to Borrower, by which the Default must
be cured; (iv) that failure to cure the Default on or before the date specified in the notice may result in acceleration
of the sums secured by this Security Instrument and sale of the Property; (v) Borrower's right to reinstate after
acceleration; and (vi) Borrower's right to bring a court action to deny the existence of a Default or to assert any other
defense of Borrower to acceleration and sale.

(b) Acccleration; Power of Sale; Expenses. If the Default is not cured on or before the date specified in the
notice, Lender may require immediate payment in full of all sums secured by this Security Instrument without further
demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender will be
entitled to collect all expenses incurred in pursuing the remedies provided in this Section 25, including, but not limited
to: (i) reasonable attorneys' fees and/or trustees’ fees and costs and other fees and costs associated with the
enforcement of this Security Instrument, including but not limited to, foreclosure trustee’ s and sheriff' s fees and costs,
and title costs; (ii) property inspection and valuation fees; and (iii) other fees incurred unless prohibited by Applicable
Law for the purpose of protecting Lender's interest in the Property and/or rights under this Security Instrument,

(¢) Notice of Sale; Sale of Property. If Lender invokes the power of sale, Lender will execute or cause Trustee
to execute a written notice of the occurrence of an event of Default and of Lender's election to cause the Property to
be sold and will cause such notice to be recorded in each county in which any part of the Property is located. Lender
or Trustee will give notice of sale in the manner prescribed by Applicable Law to Borrower and to other required
recipients. At a time permmod by, and in accordance with, Applicable Law, Trustee, without further demand on
Borrower, will sell the Property. at public auction to the highest bidder at the time and place and under the terms
designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale
of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale.
Lender or its designee may puschase the Property at any sale.

(d) Trustec's Deed; Proceeds of Sale. Trustee will deliver to the purchaser a Trustee's deed conveying the
Property without any covenant or warranty, expressed or implied. The recitals in the Trustee's deed will be prima
facie evidence of the truth of the statements made in that deed. Trustee will apply the proceeds of the sale in the
following order, or as otherwise required by Applicable Law: (i) to all expenses of the sale, including, but not limited
to, reasonable Trustee's and reasonable attorneys® fees and costs; (i) to all sums secured by this Security Instrument;
and (iit) any excess to the person or persons legally entitled to it.

26. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender will request Trustee
to reconvey the Property and will surrender this Security Instrument and all Notes evidencing the debt secured by this
Security Instrument to Trustee. Upon suchrequest, Trustee will reconvey the Property without warranty to the person
or persons legally entitled to it, Such person or persons will pay any recordation costs associated with such
reconveyance. Lender may charge such person or persons a fee for reconveying the Property, but only if the fee is
paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under
Applicable Law,

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27. Substitute Trustee. Lender may, from time to timne, by itself or through the Loan Servicer, or any other
duly appointed agent or nominee of Lender, remove Trustec and appoint a successor trustee to any Trustee appointed
under this Security Instrument, Without conveyance of the Property, the successor trustee will succeed to all the title,
power, and duties conferred upon Trustee in this Security ! Instrument and by Applicable Law.

28. Attorneys' and Others’ Fecs.*Lender will be entitiéd to recover its reasonableattorneys' and/or foreclosure
trustees’ fees and costs in any action or proceeding to construe or enforce any term of this Security Instrument unless
prohibited or restricted by Applicable Law. The term "attorneys' fees,™ whenever used in this Security Instrument,
includes without limitation attorneys' fees incutred by Lender in any bankruptcy or appellate proceeding.

29. Protective Advances, This Security Instrument secures any advances Lender, at its discretion, may make
under Section 9 to protect Lender’s interest in the Property and rights under this Security Instrument,

30. Required Evidence of Property Insurance.

WARNING

Unless Borrower provides Lender with evidence of the insurance coverage as required by this contract
or loan agreement, Lender may purchase insurance at Borrower's expense to protect Lender's interest.
This insurance may, but need not, also protect Borrower's interest. If the collateral becomes damaged, the
coverage Lender purchases may not pay any claim Borrower makes or any claim made against Borrower.
Borrower may later cancel this coverage by providing evidence that Borrower has obtained property
coverage elsewhere,

Borrower is responsible for the cost of any insurance purchased by Lender. The cost of this insurance
may be added to this contract or Borrower's loan balance. If the cost is added to this contract or
Borrower's loan balance, the interest rate on the underlying contract or loan will apply to this added
amount. The effective date of coverage may be the date Borrower's prior coverage lapsed or the date
Borrower failed to provide proof of coverage.

The coverage Lender purchases may be consxderably more expensive than insurance Borrower can
obtain on their own and may not satisfy any need for property damage coverage or any mandatory liability
insurance requirements imposed by Applicable Law,

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

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NOTICE TO BORROWER
Department of Veterans Affairs rcgulalionrs at .‘318,._C.F.'R. 36.4337 provide as follows:

"Regulations issued under 38 U S.C. Chapter 37 and in effcct on the date of any loan which is
submitted and acccpted or approvcd for a guaranty or for insurance therecunder, shall govern the
rights, dutics, and liabilitics of the partics to such loan and any provisions of the Ioan instruments
inconsistent with such regulations are hereby amended and supplemented to conform thereto,”

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
Instrument and in any Rider signed by Borrower and recorded with it,

(Seal)
Craig Bart -Borrower
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{Spaco Below This Line For Acknowledgment)

g

Stateof .OREGON

County of .KLAMATH_ =

This record was acknowledged before me on .LLE

(dote)
by ..Craig Barta
(rame(s) of individwal(s))
T~ OFFICIAL STAMP | W ZZ ,
F5R  NEILRUBENS ' ‘ :
NOTARY P"Bucéo“m (Signature of Notaridl Officer) -
— MMISSION NO. 1
MY COMMISSION EXPIRES MARCH 03, 2029 Strrning Agen
T Sdete o0 FCPyperoin
(Title, ¢.g., "Notary Public - State of Oregon")
My commission expires: M}_ZZZJ 9
(STAMP if required)

3o gt e e S AT ehanvs L8, NMC&& 1o 2362008

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DR ERMARE]

MIN: 101701110012516964 Loan Number: 1525415766

MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. RIDER
(MERS. Rider)

k3

THIS MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. RIDER ("MERS Rider") is
made this 26th  day of December, 2025 , and is incorporated into and amends and
supplements the Deed of Trust or Mortgage Deed (the "Security Instrument”) of the same date given by the
undersigned (the "Borrower,” whether there are one or more persons undersigned) to secure Borrower' s Note
to Lakeview Lending LLC

("Lender™)
of the same date and covering the Property described in the Secucity Instrument, which is located at:

5119 GLENWOOD DR, KLAMATH FALLS, OREGON 97603
[Property Address)

In addition to the representations, warranties, covenants, and agreements made in the Security Instrument,
Borrower and Lender further covenant and agree that the Security Instrument is amended as follows:

A. DEFINITIONS
1. The DEFINITIONS section of the Security Instrument is amended as follows:

"Lender"is  Lakeview Lending LLC

Lenderisa LIMITED LIABILITY COMPANY S¢S organized and existing under the laws of
MICHIGAN . « Lender's address is
25925 Telegraph Rd Ste 300, Southfield, Michigan 48033

Lender is the beneficiary under this Security Instrument. The term “Lender” includes any successors and
assigns of Lender.

"MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that
is the Nominee for Lender and is acting solely for Lender. MERS is organized and existing under the laws
of Dclaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888)
679-MERS. MERS is appointed as the Nominee for Lender to exercise the rights, duties and obligations of
Lender as Lender may from time to time direct, including but not limited to appointing a successor trustee,
assigning, or relcasing, in whole or in part this Security Instrument, foreclosing or directing Trustee to
institute foreclosure of this Security Instrument, ot taking such other actions as Lender may deem necessary
or appropriate under this Security Instrument. The term "MERS” includes any successors and assigns of
MERS. This appointment will inure to and bind MERS, its successors and assigns, as well as Lender, until
MERS' Nominee interest is terminated.,

2. The DEFINITIONS section of the Secutity Instrument is further amended to add the following
definition:

"Nomince" means one designated to act for another as its representative for a limited purpose,

MERS RIDER - Single Family % DocMagic
Fannie Mae/Freddio Mac UNIFORM INSTRUMENT HIIIS0MO1 52541876560
MODIFIED INSTRUMENT FOR DEPARTMENT OF VETERANS AFFAIRS -

Form 3158 07/2021 Pago 1of 4

B. TRANSFER OF RIGHTS IN THE PROPERTY

The TRANSFER OF RIGHTS IN THE PROPERTY section of the Security Instrument is amended to
read as follows:

- R <3

This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions
and modifications of the Note; and (i) the performance of Borrower's covenants and agreements under this
Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee,
in trust, with power of sale, the following described property located in the

COUNTY of KLAMATH H
(Type of Recording Jurisdiction) {Name of Recording Jurisdiction)

See Attached
A.P.N.: 890295

which currently has the address of 5119 GLENWOOD DR

(Street)

KLAMATH FALLS ++OREGON ... 97603 ("Property Address"):
(City] (State] . " {Zip Code]

TOGETHER WITH all the improvements now or subsequently erected on the property, including
replacements and additions to the improvements on such property, all property rights, including, without
limitation, all eascments, appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights,
and fixtures now or subsequently a part of the property. All of the foregoing is referred to in this Security
Instrument as the "Property.”

Lender, asthe beneficiary under this Security Instrument, designates MERS as the Nominee for Lender.
Any notice required by Applicable Law or this Security Instrument to be served on Lender must be served
on MERS as the designated Nominee for Lender. Borrower understands and agrees that MERS, as the
designated Nominee for Lender, has the right to exercise any or all interests granted by Borrower to Lender,
including, but not limited to, the right to foreclose and sell the Property; and to take any action required of
Lender including, but not limited to, assigning and releasing this Security Instrument, and substituting a
SUCCESSOr trustee.

C. NOTICES; BORROWER'S PHYSICAL ADDRESS
Section 15 of the Security Instrument is amended to read as follows:

15. Notices; Borrower's Physical Address. All notices given by Borrower or Lender in connection
with this Security Instrument must be in writing.

Fario Moc/Eroass Mae UNIEORM INSTRUMENT »DocMagic
anne 1 (e} .
MODIFIED INSTRUMENT FOR DEPARTMENT OF VETERANS AFFAIRS H1220M0341525415766-£0

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LSRG |

(a) Notices to Borrower. Unless Apphcable Law requires a different method, any written notice to
Borrower in connection with this Security Instrument will be deemed to have been given to Borrower when
(i) mailed by first class mail, or (ii) actually delivered to Borrower's Notice Address (as defined in Section
15(c) below) if sent by means othér than first class mail or Electronic Communication (as defined in Section
15(b) below). Notice to any one Borrower will constitute notice to all Borrowers unless Applicable Law
expressly requires otherwise. If any notice to Borrower required by this Security Instrument is also required
under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirementunder this
Security Instrument.

(b) Electronic Notice to Borrower. Unless another delivery method is required by Applicable Law,
Lender may provide notice to Borrower by e-mail or other electronic communication (“Electronic
Communication™) if: (i) agreed to by Lender and Borrower in writing; (ii) Borrower has provided Lender
with Borrower's ¢-mail or other electronic address ("Electronic Address™); (iii) Lender provides Borrower
with the option to receive notices by first class mail or by other non-Electronic Communication instead of
by Electronic Communication; and (iv) Lender otherwise complies with Applicable Law. Any notice to
Borrower sent by Electronic Communication in connection with this Security Instrument will be deemed to
have been given to Borrower when sent unless Lender becomes aware that such notice is not delivered. If
Lender becomes aware that any notice sent by Electronic Communication is not delivered, Lender will resend
such communication to Borrower by first class mail or by other non-Electronic Communication. Borrower
may withdraw the agreement to receive Electronic Communications from Lender at any time by providing
written notice to Lender of Borrower's withdrawal of such agreement.

(c) Borrower's Notice Address. The address to which Lender will send Borrower notice ("Notice
Address™) will be the Property Address unless Borrower has designated a different address by written notice
to Lender. If Lender and Borrower have agreed that notice may be given by Electronic Communication, then
Borrower may designate an Electronic Address as Notice Address. Borrower will promptly notify Lender
of Borrower's change of Notice Address, mcludmg any changes to Borrower's Electronic Address if
designated as Notice Address. If Lender specxt' 165 procedure for reporting Borrower's change of Notice
Address, then Borrower will report a change of Notice Address only through that specified procedure.

(d) Notices to Lender, Any notice to Lender will be given by delivering it or by mailing it by first
class mail to Lender’ s address stated in this Security Instrument unless Lender has designated another address
(including an Electronic Address) by notice to Borrower. Any notice in connection with this Security
Instrument will be deemed to have been given to Lender only when actually received by Lender at Lender's
designated address (which may include an Electronic Address). If any notice to Lender required by this
Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the
corresponding requirement under this Security Instrument.

Borrower acknowledges that any notice Borrower provides to Lender must also be provided to MERS
as Nominee for Lender until MERS' Nominee interest is terminated. Any notice provided by Borrower in
connection with this Security Instrument will be deemed to have been given to MERS only when actually
received by MERS.

(¢) Borrower's Physical Address. In addition to the designated Notice Address, Borrower will
provide Lender with the address where Borrower physically resides, if different from the Property Address,
and notify Lender whenever this address changes.

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D. SALE OF NOTE ; : .
Section 20 of the Security Instrument i, amcnded to read as'follows:

20. Sale of Nofe. TheNote or a partial interest in the Note, together with this Security Instrument,
may be sold or otherwise transferred one or more times. Upon such a sale or other transfer, all of Lender's
rights and obligations under this Security Instrument will convey to Lender' s successors and assigns. Lender
acknowledges that until it directs MERS to assign MERS's Nominee interest in this Security Instrument,
MERS remains the Nominee for Lender, with the authority to exercise the rights of Lender,

E. SUBSTITUTE TRUSTEE
Section 27 of the Security Instrument is amended to read as follows:

27. Substitute Trustee. Inaccordance with Applicable Law, Lender or MERS may from time to time
appoint a successor trustee to any Trustee appointed hereunder who has ceased to act. Without conveyance
of the Property, the successor trustee will succeed to all the title, power, and duties conferred upon Trustee
and by Applicable Law.

BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this MERS
Rider.

(Seal)
-Borrower
MERS RIDER - Smgle Famil ' ’ ~'A/00cMag]c
Fannio Mae/Freddie Mac UNIFORM INSTRUMENT N
MOOIFIED INSTRUMENT FOR DEPARTMENT OF VErmANS AFFARS 21223070034 1523413766.£0
Form 3158 07/2021 Page 4 of 4

L

Case Number: 48-48-6-0585389 Loan Number: 1525415766

VA ASSUMPTION POLICY RIDER

THIS LOAN IS NOT ASSUMABLE
WITHOUT THE APPROVAL OF THE
DEPARTMENT OF VETERANS AFFAIRS
OR ITS AUTHORIZED AGENT

THIS ASSUMPTION POLICY RIDER is made this 26th day of December, 2025 .
andis incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed
to Secure Debt ("Instrument™) of the same date herewith, given by the undersigned ("Borrower™) to secure
the Borrower's Note ("Note™) of the same date to ~ Lakeview Lending LLC

(the "Lender™) and covering the property described in the Instrument and located at:

5119 GLENWOOD DR, KLAMATH FALLS, OREGON 97603
(Property Address)

Notwithstanding anything to the contrary set forth in the Insttument, Borrower and Lender hereby
acknowledges and agrees to the following:

GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue jts guaranty in full amount
within 60 days from the date that this loan would normally become eligible for such guaranty committed
upon by the Department of Veterans Affairs under the provisions of Title 38 of the U.S. Code "Veterans
Benefits”, the Mortgagee may declare the indebtedness hereby secured at once due and payable and may
foreclose immediately or may cxercise any other rights hereunder or take any other proper action as by law
provided.

TRANSFER OF THE PROPERTY: If all or any part of the Property or any interest in it is sold or
transferred, this loan shall be immediately due and payable upon transfer ("assumption™) of the property
securing such loan to any transferee ("assumer™), unless the acceptability of the assumption and transfer of
this Joan is established by the Department of Veterans Affairs or its authorized agent pursuant to section 3714
of Chapter 37, Title 38, United States Code.

An authorized transfer ("assumption™) of ihe property shall also be subject to additional covenants and
agreements as set forth below:

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(A) ASSUMPTION FUNDING FEE: A fee equal to one-half of 1 percent (.50%) of the unpaid
principal balance of this loan as of the date of transfer of the property shall be payable at the time of transfer
to the loan holder or its authorized agent, as trustee for the Secretary of Veterans Affairs. If the assumer fails
to pay this fee at the time of transfer, the fee shall constitute an additional debt to that already secured by this
instrument, shall bear interest at the rate herein provided, and, at the option of the payee of the indebtedness
hereby secured or any transferee thereof, shall be immediately due and payable. This fee is automatically
waived if the assumer is exempt under the provisions of 38 U.S.C. 3729 (¢).

(B) ASSUMPTION PROCESSING CHARGE: Upon application for approval to allow
assumptions and transfer of this loan, a processing fee may be charged by the loan holder or its authorized
agent for determining the creditworthiness of the assumer and subsequently revising the holder's ownership
records when an approved transfer is completed. The amount of this charge shall not exceed the maximum
established by the Department of Veterans Affairs for a loan to which section 3714 of Chapter 37, Title 38,
United States Code applies.

(C) ASSUMPTION INDEMNITY UABILTY: Ifthis obligation is assumed, then the assumer
hereby agrees to assume all of the obligations of the veteran under the terms of the instruments creating and
securing the loan, including the obligation of the veteran to indemnify the Department of Veterans Affairs
to the extent of any claim payment arising from the guaranty or insurance of the indebtedness created by this
instrument.

IN WITNESS WHEREOF, Borrower(s) has executed this Assumption Policy Rider.

. .
24

w v

ay%';

(Seal),”
Craig Bart »Borrower ’
VA ASSUMPTION POLICY RIDER - vz DocMagi
VAPRRDR 03/10/20 Pago 2002 mm;|5z°:157g‘9(g

liii‘iiiiiiiiiiii“iiii{iiiii kil

o Exhibit A

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE
ggll‘]ll‘\i(')l’\;SOF KLAMATH, STATE OF OREGON, AND IS DESCRIBED AS

LOT 28 IN TRACT 1400 - REGENCY ESTATES - PHASE 2, ACCORDING

TO THE OFFICIAL PLAT THEREOF ON FILE IN THE OFFICE OF THE
COUNTY CLERK OF KLAMATH COUNTY, OREGON.

Parcel ID:890295

Commonly known as 5119 Glenwood Drive, Klamath Falls, OR 97603
However, by showing this address no additional coverage is provided