First American Title tl 3 L&Z%Cf 2> 4 After Recording Return To: First American Mortgage Solutions ATTN: C/0 CMG Mortgage Solutions M8: 161-C 1785 International Way Idaho Falls, ID 83402 866-659~8989 Until & change is requested all tax statements shall be sent to the following address: CMG Mortgage, Inc. dba CMGE Home Loans 3160 Crow Canyon Road, Suite 400 San Ramon, CA 94583 Consideration: $208,000.00 Grantor{s): Fee: $217.00 2026-001986 Klamath County, Oregon 03/05/2026 10:06:01 AM Vicki J Schaefer, John Schaefer and Kai Schaefer, not as fenants in common, but with rights of survivorship 48382 Harlan Drive Klamath Falls, OR 97803 Grantee: {MG Mortgage, Tng. dba CMG Home Loans 3160 Crow Canyon Road, Suite 400 San Ramon, CA 94583 [Space Above This Line For Recording [ataj is the Nominee of Lender PO Box 2026 - Flint, MI 48501-2026 DEFINITIONS DEED OF TRUST Maortgage Electronic Registration Systems, Inc, Schaefer Loan #: RMW0000103643 MIN: 1000724500167468822 MERS Phone: 1-888~679-6377 PIN: 550594 Words used in multiple sections of this document are defined below and other words are defined under the caption TRANSFER OF RICGHTS IN THE PROPERTY and in Sections 3, 4, 10, 11, 12, 18, 19, 24, and 25, Certain rules regarding the usage of words used in this document are also provided in Section 17, Parties (A) "Borrower" i3 Vi.cki J Schaefer, John Schasfer and Kai Scheefer, not as tenants in commen, but with rights of survivorzship, currently residing at 1550 0ld Ranch Rd, Placerville, CA 856578923, Borrower is the grantor uader this Security Instrumet. OREGON--Single Fainily--Fannie Mae/Freddie:Mac UNIFORM INSTRUMENT Form 3038 07/2021 EH 253169 Page 1 of 20 | [lhyen ey A RMWO0000103643 (B} "Lender” is CMG Mortgage, Inc. dba CMG Home Lo#tué. Lender is a Corporation organized and existing under the laws of California. Lender's address is 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583, Lender is the beneficiary under this Security Instrument, The term "Lender” includes any successors and assigns of Lender,, , (€) "Trustee" is First American Title Insurance Company. Trustee's address is 1225 Crater Lake Avenuse, Suite 101, Medford OR 97504. The term "Trustee” includes any substitute/successar Trustee. (D) "MERS" is the Mortgage Electronic Registration Systems, Inc. Lender has appointed MERS as the nominee for Lender for this Loan, and attached 4 MERS Rider o this Security Instrument, 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 [nstrument. Documents {E) "Note'" means the promissory note dated March 2, 2026, and signed by each Borrower who is fcgally obligated for the debt under that promissory note, that is in either (i} paper form, using Barrower's written pett 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 ecach Borrower who signed the Note to pay Lender Two Hundred Eight Thousand And 00/100 Dollars (U.8. 8208, 000.00) plus interest, Each Borrower who signed the Note has promised to pay this debs in tregular monthly payments and to pay the debt in full not later than Apzil 1, 2056. (F) "Riders" means &l Riders 1o this Security Instrument that are signed by Borrower. All such Riders are incorporated into and decmed to be a parnt of this Security Instrument. The following Riders are to be signed by Borrower Jcheck box as applicable]: L1 Adjustable Rate Rider T3 Condominium Rider ‘EIMERS Rider 3 14 Family Rider L1 Planned Unit Development Rider T3 Other(s) [specify] {7iSecond Home Rider (G} "Security lastrument” means this document, which ig dated March 2, 2028, together with all Riders to this document, Additional Definftions (H) "Applicable Law* means all controlling applicable federal, state, and local statutes, regulations, ordinances, and administrative riiles and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. {) "Community Association Dues, Fees, 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, {3} "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 represeniation, warranty, covenant, obligation.; or agreement in this Security Instrament; (iii) any materially false, misleading, or inaceurate information or statement to Lender provided by Borrower or any persons or entities acting at Borrower's direction or with Barrower's knowledge or consent, or faflure to provide Lendgr with material information in connection withi the Loan, as described in Section 8; or (iv) any action or proceeding described in Section 12(¢). (X} "Electronic Fund Transfer” means any transfer of funds, other than a transaction originated by check, OREGON--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/2021 E% 25316.9 Page 2 of 20 RMWOO0D103643 draft, or similar paper instrumnent, whicl is initiated through an electronic termtinal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution 1o debit or credit an account. Such term includes, but is not lidiited 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 wransfers, = (L) "Electronic Signature” means an “Elecironic 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 ot seq.), as it may be amended from time to time. or any applicable additional or successor legislation that governs the same subject matter, (N} "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) leasehald payraents or ground rents on the Property, if any; {iii) premiums for any and all insurance required by Lender under Section 5; {iv) Mortgage Insurance premiums, if any, or any sums payable by Borower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisians of Section 11; and (v) Community Association Dues, Fees, and Assessmients if Lender requires that fhey be escrowed beginning at Loan closing or-at any time during the Loan term. (O) "Loan" means the debt obligation evidenced by the Nate, plus interest, any prepayment charges, costs, expenses, and Jate charges due under the Note, and all sums due under this Security Instrument, plus intersst. {P) "Loan Servicer” means the entity that has the contractual right to receive Borrower's Periodie Payments and any other payments made by Barrower, and administecs the Loan on behalf of Lender. Loan Servicer does not include 2 sub-servicer, which is an entity that may service the Loan on behalf of the Loan Servicer. (Q) "Miscellaneous 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; (i} condeinnation or other taking of all or any part of the Propeny; {iii) conveyance in lieu of condemnation; or (iv) imisrepresentations of, or omissions as to, the value andror condition of the Property, (R) "Maortgage Insurance” means insurance protecting Lender against the nonpayment of, or Default on, the Loan. (S) "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. (T) "Periodic Payment” rmeans the regularly scheduted amount due for: (i) principal and interest under the Note, plus (ii) any amounts under Section 3, {U) "Property" means the property described below under the heading "TRANSFER OF RIGHTS M THE PROPERTY." (V) "Rents” means all amounts received by or due Borrower in connection with the lease, use, and/or oceupancy of the Property by a party other than Borrower. (W) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its implementing regulation, Regulation X (12 C.F.R. Part 1024), as they may he amended from time to time, or any additional or successor federal legislation or regulation that governs the same subject matter. When used in this Security Instrument, "RESPA" refers to all requirements and restrictions that would apply to & “federally related mortgage loan” even if the Loan does not qualify as a “federally related martgage loan” under RESPA. (X) "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. OREGON--Single Family~-Fannic Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/2021 €5 25316.9 Page 3 of 20 | [l FHMW0O000103643 * (Y) "UETA" means the Unjform Electronie Transactions Act, as enacted by the jurisdictiion in which the Property is located, a5 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 lo Lender (i) the repayment of the Loan, and #ll renewals, extensions, and madifications of the Note, and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower itrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of Klamath: Legal Description attached hereto and made a part hereof which currently kas the address of 4882 Harlan Drive, Klamath Falls, Oregon 97603 ("Properny Address"y; TOGETHER WITH ali the improvements now or subsequently erected on the property, including replacements and additions to the improvements on such property, all property rights, includitg, without fimitation, all easements, appurienances, 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 shuple or lawfully has the right to use and occupy the Property under # legschold estate; (ii) Borrower has the right to grant and convey the Property or Borrower's leasehold imerest in the Praperty: and (iif) the Praperty is unencumbered, and not subject to any other ownership interest in the Property, except for encumbrances and ownership interests of record. Borrower warrants 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 25 of Loan closing. THIS SECURITY INSTRUMENT combines uniform covenants for national use with limited variations and non-uniform covenants that reflect specific Oregon staje requirements to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower will pay each Perlodic Payment when due. Borrower will alsc 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) vash; (b} money ordet; (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) Efectronic Fund Transfer, Payments are deemed received by Leuder when received at the location designated in the Note oc at such other location as may be designated by Lender in accardance with the notice provisions in Section 16, OREGON~Single Family—Fannte Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/2021 = 25316.9 Page 4 of 20 | [lsgeiiratd o ] RMWGOG0103643 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 Botrower 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 Instrumcnt 2. Acceptance and Application of Payments or Proceeds. {a) Acceptance and Application of Partia) Pavments. 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 unapplied 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 fo Borrower. If not applied earlier, Partial Paymenrs wiil 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 under this Securlty [nstrument or prejudice to its rights to refuse such payments in the future. (1) Order of Appiication of Partial Payments and Periodic Payments. Except as otherwise described in this Section X, if Lender applies 2 payment, such payment will be applied to each Periodic Payment in the order in which it became due, beginning with the oldest outstanding Perfodic Payment, as foliows: first to interest and then to principal due under the Note, and finally to Escrow ltems. If ajl 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 Nate and this Security Instrument are paid in ful}, any remaining payment amount may be applied, in Lender's sole discretion, to a future Periodic Payment or 1o reduce the principal balance of the Note, [f Lender receives a payment from Borrower in the amount of one ot more Petiodic Payments and the amount of any late 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. {¢) Voluntary Prepayments. Voluntary prepayments will be applied as described in the Note. (d) No Change ta 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. (a) Escrow Requirement; Escrow [tems. Borrower must pay to Leudec 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 al} Escrow Items (the “Funds"). The amount of the Funds required to be paid each month may change during the tenn of the Loan. Borrower must promptly furnish to Lender all notices or invoices of amounts to be paid wnder 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 watver, Borrower must pay directly, when and where payable, the amounts due for any Escrow ltems subject to the waiver. If Lender has waived the requirement to pay lender the Funds for any or al] Escrow Items, Lender may requite Borrower 1o provide proof of direct payment of those items within such time period as Lender may require, Borrower’s obligation o make such timely payments and to provide proof of payment is deemed to be a covenant and agreement of Borrower under this Security Instrument, If OREGON-Single Family~-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 (7/2021 €% 253169 Page 5 of 20 W R R AN RMWO000103643 Borrower is obligated (o pay Escrow Items directly pursuant to a wa iver, and Borrower fails to pay thnely the amount due for an Escrow [tem, Lender may exercise its nghts under Section 9 ta 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 6; upen such withdrawal, Borrower must pay to Lénder all Funds for such Escrow Iters, and in such amounts, that are then required under this Section 3. (¢y Amount of Funds; Application of Funds. Lender may, at any time, coliect and hold Funds in an amoumnt up 10, but not in exeess of, the maximum amount & lender can require under RESPA. Lender will estimate the arnount of Funds dus in accordance with Applicable Law, The Fundg will be held in an institution whose deposxts are insured by a U.S. federal agency, instrumentality, or entity {inciuding Lender, if Lender is an institution whose deposits are so insured) or in any Federal Hame Loan Bank. Lender will apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender may not charge Borrower for: {i) holding and applying the Funds: (i} annually analyzing the escrow account; or (iii) verifying the Escrow Jtems, 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 intcrest or earnings on the Funds, Lender will give to Borrower, without charge, an annua] accounting of the Funds as reguired by RESPA. {d) Surplus; Shertage and Deficiency of Funds, In accordance with RESPA, if there is a surplus of Funds held in eserow, Lender will account to Borrower for such surplus, If Borrower's Periodic Payment is delinquent by more than 30 days, Lender wmay retain the surplus in the eserow getount for the payment of the Escrow [tems. !f 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 Securily Instrument,, Lender will promptly refund 0 Borrower any Funds hield by Lender. 4. Charges; Liens. Borrower must pay (4} all taxes, assessments, charges, fines, and impositions attributable to the Property which have priority or may attain priority over this Security Instrument, {b) [easehold payments or ground rents on the Property, if any, and (¢} Community Association Dues, Fees, and Assessinents, if any, If any of these ftems 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 Borrawer: (aa) agrees in writing to the payment of the obligation secured by the lien Tn 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 Jien in, legal proceedings which Lender determines, in its sole discretion, operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (o0} secures from the holder of the lien an agreement satisfactory to Lender thar subordinates the fien 10 this Security Instrument (collectively, the "Required Actions"). If Lender determines that any part of the Property is subject to a lizn that has priority or may attain priority over this Security Instrument and Borrower has not taken any of the Reguired Actions in regard to such lien, Lender may give Borrower a notice identifying the lien, Within 10 days afler the date on which that notice is given, Borrower must satisfy the lien or take one or more of the Required Actions. 5. Properly Insurance, () Insurance Reguirement; Coverages. Borrowsr must keep the improvements now existing or subsequently srected on the Property insured against ioss by fire, hazards included within the term "extended OREGON--Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/2021 E& 25316.9 Page & o,f 20 [l rdhiot [ RMWO(00103643 coverage,” and any other hazards including, but not limited 10, earthguakes, winds, and fioods, 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 can change during the term of the Loan, and may exceed any minimum coverage required by Applicable Law. Borrower may choase the insurance carrier pioviding thie insurance, subject to Lender’s right to disapprove Borrower's choice, which right will not be exercised unreasonably. (b} Failure to Maintain Insurance. [f Lender has a reasonable basis to believe that Borrower has taited to maintain any of the required insurance coverages described above, Lender may obtain insurance coverage, at Lendet's option and at Borrower's expense. Unless required by Applicable Law, Leader is under no obligation to advance premiums for, or to seek o 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 ifs sole discretion. Before purchasing such coverage, Lender will notify Barrower if required to do so under Applicable Law, Any such coverage will insure Lender, but might not protect Borrower; 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 previously in effect, but not exceeding the coverage required under Scction 5(a). Borrower acknowledges that the cost of the insurance coverage so obtained may significantly exceed the cost of insurance that Borrower could have obtained. Any amaunts disbursed by Lender for costs associated with reinstating Borrower's insurance policy or with placing new insurance under this Section § will become additional debt of Borrower secured by this Security Instrument. These amounts wil] bear interest ar the Note rate from the date of disbursement and will be payable, with such interest, upon notice from Lender to Borrower requesting payment. (¢) Insurance Policies, All insurance policies required by Lender and renewals of such policies: (i) will be subject to Lender's right to disapprove such policies; (ii) must include a standard mortgage clause; and (ifi) must name Lender as mortgagee and/or as an additional loss payee. Lender will have the right to hold the policies and renewal centificates. 1f Lender requires, Borrower will promptly give to Lender proof of paid premiums and rencwal notices, If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage te, or destruction of, the Property,. such policy must include & standard mortgage clause and miust nare Lender as mortgagee and/or as an additional loss payee. {d) Proof of Loss; Application of Proceeds, 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 Borrows. Any insurance proceeds, whether or not the underlying insurance was required by Lender, will be applied Lo restoration or repair of the Property, if Lender deems the rgstoration or repair to be economijcally feasible and determines that Lender's security will not be lessened by such restoration or repair. If the Property is 10 be repaired or restored, Lender will disburse from the insurance proceeds any initial amouns that are necessary to begin the repair or restoration, subject to any restrictions applicable te Lender. During the subsequent repair and restoration perjod, 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 not limited to, licensing; bond, and insurance requirements). provided that such inspection must be undertaken promptly, 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 Borrawer 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. Lender will not be required 1o pay Borrower any interest or earnings 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. OREGON--Single Family--Fgnnie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/2021 ¥ 253169 Page 7 of 20 | eyt aiiad i RMWO000103643 If Lender deemns the restoration of repair not to be economicatly feasible or Lender's security would be lessened by such restoration ar 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 Settlements; Assignment of Proceeds. If Borrower abandons the Property, Lender may file, negotiate, and settle any available insurance ¢laim and related matters. If Borrower does not respond within 30 days to z notice from Lender that the insurance carrier has offered to settie a claim, then Lender may negotiate and settie the claim. The 3G-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 26 or otherwise, Borrower is unconditionally assigning to Lender (i) Borrower's rights to any insurance progeeds in an amount not to exceed the amounts unpaid under the Note and this Security Instrument, and (ii) any other of Borrower's riglts (other than the right to any refund of uneamed premiums paid by Borrowsr) under all insurance policies covering the Property, to the extent that such rights are applicable ta the coverage of the Property. If Lender files, negotiales, or-sefiles a claim, Borrower agrees that any insurance proceeds may be made payable directly to Lender without the need to include Borrower as an additiénal 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 ot then due. 6. Occupancy, Bortower must occupy. establish, and use the Property 2s Borrower's principal residence within 60 days after the execution of this Security Instrument and must continue t0 accupy the Property as Barrower's principal residence for at least one year after the date of occupancy, unfess Lender otherwise agrees in wriling, which consent will not be unreasonably withheld, or unless extenuating cireymstances exist that are beyond Borrower's control. 7. Preservation, Maintenance, and Protection of the Property; Inspections, Bortower 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 njust maintain the Property in order to prevent the Praperty from deterjorating or decreasing in value dug to its condition. Unless Lender determines pursuant to Section 5 that repair or restoration is not sconomically feasible, Borrower will prompily repair the Propertyiif damaged to avoid further deterioration or damage. If insurance or ¢ondemnation 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 campleted, 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 to 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 interfor of the improvements on the Property. Lender will give Borrower notice at the time of or pricr to such an interior inspection specifying such reasonable cause, 8. Borrower's Loan Application. Borrower will be in Default if, during the Loan application process, Borrower or any persons or entities acting at Borrower's direction or with Borrower's knowledge or consent gave materfally false, misleading, or inaccurate information or statemenis to Lender {(or failed to provide Lender with matetizl information) {n connection with the Loan, including, but not limited ta, ovesstating Borrower's income or assets, understating or failing to provide documentation of Borrower's debt obligations and liabilities, and misrepresenting Borrower's occupancy ot intended occupancy of the Property as Borrower's principal residence. OREGON--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/2021 B8 253169 Page & of 20 L leggtidare i RMWO000103643 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 gavernment order that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as & proceeding in bankruptey, probate, for condemnation or forfeiture, for enforcement of a lien thathas priority or may attain priotity over this Security Instrument, or to enforce laws or regulations); or (iii) Lender reasonably believes that Borrower has sbandoned the Property, then Lender inay do and pay for whatever is reasonable or appropriate 1o 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: (I) paying any sums secured by a lien that has priority or may attain priarity aver this Security Instrument; (1) appearing in court; and (111) 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 interast 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 cede violations or dangerous conditions, and having utilities turned on or off, Although Lender may take action under this Section 9, Lender ig 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. () Avolding Foreclasure; Mitigating Losses. [f Borrower is in Default, Lender may work with Borrower to avuid foreclosure and/or mitigate Lender’s potential losses, but is not obligated to do so unless required by Applicable Law. Lender may take reasonable actiens to evaluate Bosrower for gvailable alternatives to foreclosure, including, but not litnited fo, obtaining credit reports, titte reports, title:dnsurance, property valuations, subordination agreements, and third-pasty 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 secured by this Security Instrument. These amounts may bear intercst at the Note rate from the date of disbursement and will be payable, with such interest, upon notice from Leader o Borrower requesting payment. {d) Leaschold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the provisions of the {ease. Borrower will not surrender the leasehold 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 Borrawer acquires fee tifle to the Property. the Jeasehald and the fee tithg 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 vccupied 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 recefve the Rents until (i) Lender has given Borrower notice of Defauit pursuant to Section 26, and (i{} Lender has given notice to the Tenant that the Rents are to be paid 10 Lender. This Section 10 constitutes an absolute assignment and not an assignment for additional security only, (b} Notice of Default. |f Lender gives notice of Default 10 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; (il) Lender will be entitled to collect and receive all of the Rents; (iii) OREGON--Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 0772021 &3 25316.9 Page 9gf 20 B ExnlfEne AN RMW0000103643 Borrower agrees to instruct each Tenant that Tenant is to pay all Rents due and unpaid to Lender upon Lender's written demand to the Tenant; (iv) Borrower will ensure that each Tenant pays all Rents due to Lender and - will take whatever action is nécessary to collect such Rents if not paid to Lender; (v) unjess Applicable Law provides otherwise, all Remts collected by Lender will be applied first to the costs of taking coptrol of and managing the Property and coilcct:xxg the Rents, includihg, but not limited to, reasonable attorneys' fees and costs, receiver's fees, premiums on recsiver's bonds, repair and maintenance casts, insurance premiunms, laxes, 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 actyally received; and (vii) Lender will be entitled to have a receiver appointed to take possession of and manage the Property and collect the Rents and profits detived from the Property without any showing as to the inadequacy of the Property as security. (¢} Funds Paid by Lender. [f 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 Botrower to Lender secured by this Security Instrument pursuant to Section $. (d) Limitation on Collection of Rents. Borrower may not collect any of the Renis more than one month in advance of the time when the Rents become due, except for security or similar deposits. {e} No Other Assignment of Rents. Borrower represents, warrants, covenants, and agrees that Barrower has not signed any prior assignment of the Rents, will fot make any further assignment of the Rents, and has aot performed, and will not perform, any act that could prevent Lender from exercising its rights under this Security Instrument. {fy Control and Maijntenance of the Praperty. Unless required by Applicable Law, Lender, or 2 receiver appointed under Applicable Law, is not abligated to enter upon, take conteo) of, or maintain the Property before or after giving notice of Default to Borrower. However, Lender, or 4 receiver appointed under Applicable Law, may do so at any time when Borrower is in Default; subject to Applicable Law, {g) Additional Provisions. Any application of the Rents will not care or waive any Default or invalidate any other right or remedy of Lender. This Section 10 does not relieve Botrower of Borrower's obligations under Sestion 6. This Section 10 will terminate when all the surs secured by this Security Instrument are paid in fill. I1. Mortgage Insurance. {a} Payment of Premiums; Substitution of Policy; Loss Reserve; Protection of Lender. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower will pay the premiums required to maintain the Mortgage Insurance in effect. If Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, and (i) the Mortgage Insurance coverage required by Lender ceases for any reason to be available from the mortgage insurer that previously provided such insurance, or (i} Lender determnines in its sole discretion that such mortgage insurer is no fonger eligible 1o provide the Mortgage Insurance coverage required by Lender, Borrower will pay the premiums required 10 abtain.goverage substantially equivalent to the Mortgage [nsurance previously in effect, at a cost substantially equjvalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an altemate mortgage insurer selected by Lender, If substantially equivalent Mortgage Insurance coverage is not available, Borrower will continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use, and retain these payments as a non-refundable Joss reserve in lieu of Mortgage Insurance. Such loss reserve will be non-refundable, even when the Loan is paid in fill, and Lender will not be required to pay Borrower any interest or earnings on such loss reserve. Lender will no longer require loss reserve payments if Mortgage Insurance coverage {in the amount OREGON-Single Family—Fannie Mae/Freddie Mac GNIFORM INSTRUMENT Form 3038 07/2021 2 25316.9 Page 1‘0 ot 20 I R e KMR0000103643 and for the period that Lender requires} provided by aun insurer selected by Lender again becomes available, is obtained. and Lender requires separare]y designated payments toward the premiums for Morfgage Insurance. If Lender required Mortgage Insurance as a condition of makmg the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower will pay the premiums required to maintain Morigage Insurance in effect, or 1o provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 11 affects Botrower's obligation to pay interest at the Note rate. (b) Mortgage Insurance Agreements. Mortgage Insurance reimburses Lender for certain losses Lender may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance policy or coverage. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements may require the morigage {nsurer to make payragnts using any seurce of funds that the mortgage insurer may have avaflable (which may include funds obtained from Mortgage Insurance premiums), As a result of these agreements, Lender, another insurer, any reinsurer, any other entity, or any affiliste of any of the foregoing, may receive (directly or indirectly) amounis that derive from {or might be characterized as) & portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. Any such agreements will not: {i) affect the amounts that Borrower has agreed o pay for Mortgage Insurance, or any other terms of the Loan; (ii) increase the amount Borrower will owe for Morigage Insurance; (iif) entitle Borrower 1o any refond; or {iv) affect the rights Borrower has, if any, with respect to the Mortgage Insurance under the Homeownets Protection Act of 1998 (12 U,5.C. § 4901 ef seq.}, as it may be amended from time to time, or any additional or successor federal legislation or regulation that governs the same subject matter ("HPA"). These rights under the HPA may inciude the right to receive certain disclosures, to request and obtain canceflation of the Maortgage Insurance, to have the Mortgage Insurance terminated autoraatically, andfor to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 12, Assignment and Application of Miscellaneous Proceeds; Forfeiture. (%} Assignment of Miscellaneouns Proceeds. Borrower is unconditionally assigning the right to receive all Miscellaneous Proceeds to Lender and agrees that such amounts wil] be paid to Lender. (b) Application of Miscellaneous Proceeds upon Damage to Property. If the Property is damaged, any Miscellaneous Proceeds will be applied to restoration or repair of the Property, if Leader deems the restoration or repair ta 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 tequirements for persons repairing the Property, including, but not lirited 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 dishursement or in a series of progress payments as the work iz completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether Bowrower is in Default on the Loan. Lender may make such disbursements dizectly 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 carnings on such Miscellaneous Proceeds. If Lender deems the restoration or repair not to be economicaily feasibie or Lender's security would be lessened by such restoration or repair, the OREGOQN--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/202] 8 253169 Page 11 of 20 B s B el | RMWOQO0103643 Miscellansous Proceeds will be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Berrower, Such Miscellaneous Proceeds will be applied in the order that Partisl Payments are applied in Section 2(B). (<) Application of Miscelianeous Proceeds upon Condemnation, Destruction, or Loss in Value of the Property. In the event of a total taking, destructior, or loss in Value of the Praperty, all of the Miscellaneous 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. In the event of a partial taking, destruction, or loss in value of the Propsrty {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 secured by this Security Instrument immediately before the Partial Devaluation, a percentage of the Miscellaneous Proceeds will be applied to the sums secursd 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 Miscellaneous Proceeds by a percentage calculated by taking (1) the total amount of the sums secured irnmediately hefore the Partial Devaluation, and dividing it by (ii) the fair market value of the Property immediately before the Partial Devaluation. Any halance of the Miscellaueous Procesds will be paid to Borrowet. In the event of a Partial Devaluation where the fair market value of the Property immediately before the Partial Devaluation s less than the amount of the sums secured immediately before the Partial Devatuation, all of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether o not the sums are then due, unless Borrower and Lender otherwise agree in wriling. {d) Settiement 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 ar repair of the Property, if Borrower {i} abandons the Property, or (i} 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 settle a claim for damages. “Opposing Party™ means the third party that owes Borrower the Miscellaneous Proceeds or the party against whom Bormrower has a right of action in regard to the Miscellaneous Procesds, (&) Proceeding Affecting Lender's Interest in the Property. Borrower will be in Default {f any action or proceeding begins, whether civi) or criminal, that, in Leader's judgment, could result in forfeiture of the Property or other materfal 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 20, by causihg the action or proceeding to be disimissed with a ruling that,in Lender's judgment, precludes forfeimre of the Property or other material impairment of Lender's-interest in the Property or rights under this Security Instrumnent, 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 Propetty, 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 thar Partial Payments are applied in Section 2(b). 13, Borrower Not Released; Forbearance by Lender Not 2 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, ot to refuse ta extend time for payment or otherwise modify amortization of the sums secured by this Security Instryment, by reason of any demund made by the original Borrower ot any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without timitation, Lender's acceptance of payments from third persons, entities, or Successors in lnterest of Botrower or in arounts less than the amount then due, will not be a waiver of, or preclude the exercise of, any right or remedy by Lender. OREGON~-Single Family~-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Feorm 3038 07/2021 €2 253169 Page 12 of 20 B IR RMWO000103643 14. Joint and Several Liability; Signatories; Successors and Assigns Bound. Borrower's obligations and [fability under this Security Instrument will be joint and several. However, any Borrower who signs this Security Instrument but does not sign the Note: (a) signs this Security Instryment 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 nomestead exemptions; (c) signs this Security Instrument to assign any Miscellaneous Proceeds, 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 {e} zgrees that Lender and any other Borrawer can agree to lustrument without such Botrower's consent and without affecting such Borrower's obligations under this Security Instrument. Subject to the provisions of Szetion 19, any Sueccessor m Interest of Borrower who assumes Borrower's obligations under this Security Instrument 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 ebligations and liability under this Security [nstrument unless Lender agrees to such release in writing. 15, Loan Charges, (a) Tax and Flood Determination Fees, Lender may require Borrower to pay i) 2 one-time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan, and (i1} 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, al 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: (1) reasonable attorneys' fees and costs; (i) property inspection, valuation, mediation, and loss mitigation fees: and (iii) other related fees. (e} Permissibility of Fees. In regard to any ther fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrawer should not be construed as a prohibition on the charging of such fee. Lender may not charge fees thal are expressly prohibited by this Security Instrument or by Applicable Law. (4} Savings Clause, If Applicable Law sets maximum loan charges, and that law is finally interpreted so that the interest or othier toan charges collected or {o 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 permitied limit, and (ii) any sums already collected from Borrower which exceeded permitted fimité will be refunded to Bortower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a 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 rght of action Borrower might have arising out of such overcharge. 16, Matices; Borrower's Physical Address: All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. {a) Notices to Borrower. Unless Applicable Law requires a different method, any written notice to OREGON~-Singlz Family--Fannie Mae/Freddie Maec UNIFORM INSTRUMENT Form 3638 07/2021 €8 25316.9 Page 13 of 20 AR ] RMWO000103643 Barrower in connection with this Segurity Instrument will be deemed 1o have been given 1o Rorrower when (i) mailed by first class miail, or (ii) actually delivered to Borrower's Notice Address (as defined in Section 16(c} below) if sent by means other than first class mail or Blectroric Communication (as defined in Section E6{b) below). Notice to any one Borrower will constitute notice to all Borrowers unless Applicable Law expressiy requires otherwise. I any notice to Borrower required by this Qecurlzy 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 ar other electronic communication ("Electronic Communication") ift (i) agreed to by Lender and Borrawer in writing; {ii) 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 Communijcation 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 unfess Lender becomss aware that such notice is not delivered. If Lender becomes aware that any notice sent by Electranic Communication is not delivered, Lender will resend such communication to Borrower by first class mail or by other non-Electronie 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 Notiee Address. The address to which Lender wifl send Botrower notice {"Notice Address™) will be the Property Address unless Borrower has designated 2 different address by written notice 10 Lender. If Lender and Borrower have agreed that notice may be given by Electronic Communieation, then Bortower 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 a procedure for reporting Borrower’s change of Notice Address, then Borrower will report a change of Notice Address only through that spesified 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 lostrument unless Lender has designated another address {including an Electronic Address) by notice to Berrower. Any natice in connection with this Sécurity 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 lnstroment is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument, {e} Borrower's Physical Address. In addition to the designated Notice Address, Borrower will provide Lender with the address where Borrower plysically zesides, if different from the Property Address, and notify Lender whenever this address changes. 17. Governing Luwy Severability; Rules of Construction, This Security Instrument is governed by federal law and the law of the State of Oregon. All rights and obligations coatained in this Security Instrument are subject to any requirements and limitations of Applicable Law. If any provisjon of this Security Instrument or the Note eonflicts with Applicable Law (i} such conflict will not affect other provisions of this Security Instrument or the Nate that ean be given effect without the conflicting provision, and {ii} such conflicting provisicn, to the extent possible, will be considered modified to comply with Applicable Law, Applicable Law might explicitly or tmplicitly 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 iy undertaken. As used in this Security Instrument: {a) words in the singular will mean and include the plural and OREGON--Single Family—Fannic Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/2021 B 253169 Page 14 of 20 B I LR RMWOOO0L03643 vice versa; (b} the word “may" gives sole discretion without any ebli gauon to take any action; (¢} any reference to "Section" in this document ref'ers to Sections contained in this Security Instrument uniess atherwise noted; and (d) the headings and captios are inserted for convenience of reference and do not define, limit, or describe the scope or intent of this Security Instrument or any partjeular Section, paragraph, or provision. 18. Borrower's Cupy. One Borrower will be given one capy of the Note and of this Security Instrument. 19. Transfer of the Property or a Beneficial Interest in Borrower. For purposes of this Section 19 only, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in 2 bond for deed, contract for deed, installment sales contract, or escrow agreement, the intent of which ig the transfer of title by Borrower to a purchaser at & future date. 1f all or aty part ofthe Property or any Interest in the Property is sold or transferred {or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prier written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, Lender will not exercise this optio if such exercise {s prohibited by Applicable Law, H Lender exercises this option, Lendet will give Borrower notice of acceleration. The notice will provide a period of not less than 30 days from the date the notice is given in accordance with Section 16 within which Barrower must pay all sums secured by this Security Instrument, If Borrower fails to pay these sums prior to, or upon, the expiration of this peried, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower and will be entitled to collect afl expenses ingeyred in pursuing such remedies, including, but not limited to; (e} reasonable attorneys' fees and costs; (b) property inspection and valuation fees; and {c} other fees incuered to protect Lender's Interest in the Property and/or rights wnder this Security Tnstrument. 20. Borrower's Right to Reinstate the Loan after Acceleration. [f Borrower meets certain conditions, Borrower will have the tight to reinstate the Loan and have enforcement of this Security Instrument discontinued at sny time up to the later of {a) five days before any foreclosure sale of the Property, or (b} such other periad as Applicable Law might specify for the tesmination of Borrower's right to teinstate. This right to reinstate will not apply in the case of acceleration under Section 19. To reinstate the Loan, Borrower must satisfy all of the following condirions: (2a) pay Lender all sums that then would be due under this Security {nstrument and the Note as if no acceleration had occcurred; {bb) cure any Default of any other covenants or agreements under this Security Instrument or the Note; {cc) pay ali 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 (iif) other fees incurred 1o protect Lender's interest in the Froperty 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 Propertty and/or rights under this Security Instrument or the Note, and Borrower’s obligation to pay the suns secured by this Security Instrument ar the Nofe, will continue unchanged. Lender may requite that Borrowet pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (2aa) 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 Borrowet's reinstatement of the Loan, this Security instrument and obligations secured by this Security Instrument will remain fully effective as if no acceleration had cccurred. 21, Sale of Note, The Note or a partial interest in the Notg, 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 OREGON--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/2021 TR 253169 Page 15 of 20 | [listEehs (] RMWO0QCL03643 rights and obligations under this Security Instrument will convey to Lender's successors and assigns. 22. Loan Servicer. Lender may take any action permitted under this Security Instrument through the Loan Servicer or another authorized représentative, 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. < 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 Servicer has the right and authority to: (2) collect Periodic Payments and any other amounts due under the Note and this Security Instrument; £b) perform any other morigage loan servicing obligations; and {c) exercise any rights under the Note, this Security Instrument, and Applicable Law on behalf of Lender. If there is 4 change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made, and any other information RESPA requires it connection with a notice of transfer of servicing. 13. Notice of Grievanee. Until Borrower or Lender has notified the other party (in accordance with Section 16) of an alleged breach and afforded the other party a reasonable period after the giving of such notice 1o 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 () arises from the other party's actions pursuant to this Security Instrument or the Mote. or (b} alleges thar the other party has breached any provision of this Security Instrument or the Note. [f Applicable Law provides a time period that must elapse before certain action can be taken, that time period will he deemed to be reasonable for purposet of this Section 23. The notice of Defaulr given to Borrower purswant 1o Section 26(a) and the notice of acceleration given to Borrower pursuaut to Section 19 will be deemed to satisfy the notice and opportunity to lake commective action provisions of this Seetion 23. 24, Hazardous Substances. {4} Definitions. As used in this Section 24: (i) "Environmental Law" means any Applicable Laws where the Property is located that relate to health, safety, or environmental pratection; (i) "Hazardous Substances” include {A] those substances defined #s toxic or hazardous substances, pollutants, or wastes by Envirenmental 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 radiogctive malerials; (§i) "Environmental Cleanup” includes any response action, remeadial action, or removal action, as defined in Environmental Lew; and {iv) an “Environmenrtal Condition” means a condition that can cause, coniribute to, or otherwise trigger an Environmental Cleanup. {b) Restrictions on Use of Hazardous Substances. Borrower will not cause or permit the presence, use, disposal, storage, or release of any Hazardous BSubstances, or threaten 1o release any Hazardous Substances, on or in the Property, Borrower will not do, nor allow anyone else to do, anything affecting the Property that: (i3 violates Environmenta Law; (it) creates an Environmental Condition; or {iif) due fo 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, bazardous substances in consumer products). {¢) Notices; Remedial Actions. Borrower will promptly give Lender written figtice of: (i) any investigation, claim, demand, lawsuit, or other zction by any governmental or regulatory agenay or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge; (ii} any Environmental Conditon, incliding but not limited to, any spilling, leaking, OREGON--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Farm 3038 07/2021 Ed 253169 Page 16 of 2¢ Bl R Beee e bl | RMRCO00103643 discharge, release, or threat of release of any Hazardous Substance; and (iii) any condition caused by the presence, use, or release of 2 Hazardous Substance that adversely affects the value of the Property. If Borrower learns, or is notified by any goverfimental or regulatory anthority or any private party, that any remaval or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower will promptly take all necessary remedial actions in accordance with Environmental Law. Nothing in this Security Instrument will create any obligation or Lender for an Environmenizl Cleanup. 25. Electronic Note Signed with Borrewer’s Electronic Signature. [ the Note evidencing the debt for this Lean is electranic, Berrower acknowledges and represents to Lender that Borrower: {a) expressly consented and intended to sign the eléctronic Note using an Electronic Signature adopted by Borrower {"Borrower's Electronic Signature”) instead of signing a paper Nate 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; (c) understood thal by signing the electronic Note using Borrower's Electronic Signature, Borrower promised to pay the debt evidenced by the electronic Note in acsordance with its terms; and (d) signed the electronic Notz with Borrower's Elgctronic Signature with the intent and understanding that by doing so, Borrower promised to pay the debt evidenced by the electronic Note in accordance with its terms. NON-UNIFORM COVENANTS, Borrewer and Lender further covenant and agree as follows: 26, Acceleration; Remedies. (2) Notice of Default. Lender will, give a notice of Default to Borrower prior to acceleration foliowing Borrower's Default, except that such notice of Default will not be sent when Lender exercises its right under Section 19 unless Applicable Law provides otherwise. The notice will specify, in addition to any other infermation required by Applicable Law: (i} the Default: (ii) the action required to cure the Default; (iif) a date, not fess 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 resujt in acceleration of the sums secured by this Secuyity Instrument and sale of the Property: f) Borrower's right to reinstate after acceleration; and {vi) Borrower's right 1o bring court action to deny the exisience of a Default or to assert any other defense of Borrower (o acceleration and sale. (b} Acceleration: Power of Sale; Expenses, If the Default {s not cured on or before the date specified in the notice, Lender may require immediate payment in full of all sums secyred by this Security Instrument without forther demand and may invoke the power of sale and any other remedies permitied by Applicable Law. Lender will be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 26, including, but not limited to: {i) reascnable 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; (1) property inspection and valuation fees; and (ii}) 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 Instrurnent, (<) Notice of Sale; Sale of Property, If Lender invokes the power of sale, Lender will execute or cause Trustee to execute a writien notice of the ccawarence of an event of Default and of Lender's election to cause the Property to be soid and will cause such notice to be recorded in each county in which any pare of the Property iz 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 permitted by, and in accordance with, Applicable Law, Trustee, without further demand on Borrower, will seil the Property at public auction to the bighest bidder at the time and place and under the terms designated in the netice of sale in one or more parcels and in OREGON~8ingle Family--Fannie Mae/Freddie ¥Mac UNIFORM INSTRUMENT Form 3038 (7/2021 & 253169 of 20 RMW0000103643 any order Trustee detertnines, Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any prcvmusly scheduled sale. Lender or its designes may purchase the Property af any sale. (d) Trustee's Deed; Proceeds of Sale. Trustee will deliver to the purchaser a Trustee's deed conveying the Property withaut any covenant or warranty, expressed or tmpiled The recitals in the Trustes's deed will be prima facie evidence of the truth of the stalements made in that deed. Trustee will apply the proceeds of the sale in the following order, or as otherwise required by Applicable Law: {i} t¢ all expenses of the sale, including, but not limited to, reasonable Trustee's and reasonable attorneys' fees and costs; (if} to all sums gecured by this Security Instrument; and {iii} any excess to the persgn or persons legally entitled to ir. 27. Reconveyance. Upon payment of all suins secured by this Security Instrumest; Lender will request Trustee to reconvey the Property and will suirender this Security Instrument and ail Notes evidencing the debt secured by this Security Instrument to Trustee. Upon such request, Trustee will recanvey the Property without warranty to the person or persens 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. 28. Substitute Trustee. Lender may, from fime to time, by itself or through the Loan Servicer, or any other duly appointed agent or nominee of Lender, remove Trusiee and appoint a successor trustee ta any Trustee appointed under this Security [nstrument. Without conveyance of the Property, the successor trustee will succeed to all the title, power, and duiies conferred upon Trustee in this Security Insirument and by Applicable Law. 9. Attorneys' and Qihers’ Fees. Lender will be entitled to recover its reasonable attorneys’ andfor foreclosure trustees’ fees and costs in any action or proceeding to construe or enforce any term of this Security Instrurment unless prohibited or restricted by Applicable Law. The term “attorneys' fees,” whenever used in this Security Instrument, includes without limitation attomeys' fees incurred by Lender in any bankruptcy or appellate proceeding. 38, Protective Advances. This Security Instrument secures any advances Lender, at its discretion, may make under Section 9 1o protect Lender's fiyferest in the Property and rights under this Security Instrument, 1. Required Evidence of Property Insurance. WARNING Unless Borrower provides Lender with evidence of the insurance coverage as required by this contruct or loan agreement, Lender may purchase insurance at Borrower's expense to protect Lender's interest. This lasurance may, but need not, aiso protect Borrower's interest, If the collateral hecomes damaged, the coverage Lender purchases may not pay any claim Borrower makes or any claimm made against Borrower. Borrower may later cancel this coverage by providing evidence that Borrower has obtained propetty 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 Joan balance. 1f the cost is added to this contract or Borrower's loan balance, the interest rale on the underlying contract or loan will apply to this added amount. The effective date of coverage may be the date Borrower's prioy coverage lapsed or the date Borrower failed to provide proof of coverage. The coverage Lender pucchases may be considerably more expensive than insurance Borrower can obtain on their own and may not satisfy any need for property OREGON-Single Family--Fannie:Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/2021 Ed 253169 Page 18 of 20 W B ST RMWOC00103643 damage coverage or any mandatory liability insurance requirements imposed by Applicable Law. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contsined in this Security Insnument and in any Rider signed by Borrower and recorded with it. (SEAL} -~ BORROWER - - BORROWER - Vicki J Schaesfer OREGON--Single Famify--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/2021 Page 13 of 20 & 25316.9 B %m?mm?m I‘ [l RMWOG00103643 ?i p [Space Below Fhis Line for Acknowledgment) State cf’ O:um & L"r“’:f "’?f‘ ’/"”Vf g County of Klamsthr— s{f v ?\“;5;’[ ot k_, ¢ B/7 ) 2o 24 /o ) This record was acknowledged before me on L2 o by Kai Schaefer, as f/ ap—individual ; Vicki J Schaefer, as-—an—indiwvwidual: and John Schaefer, as- an—individmsl. 2/ 7 AL Notary Plbiic ;T My Commission‘Expires: Z/y 2{27 v § SHY 1adividuai Loan Qriginator: Tracy Denise Ricketts, NMLSRID: 1931924 Loan Originator Organization: CMG Mortgage, Inc. dba CMG Home Loans. NMLSRID: 1820 OREGON—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3038 07/2021 €8 25316.9 Page 20 0f 20 I G e ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of El Dorado On the 3 _” _day of mmfdi‘/ , 2026 before me, P.C. Crooks, A Notary Public, personally appeared /éé?" gd‘z‘“‘!??‘”’/ Vick: 7. 5 Cf{’é@j’:}??’@ Jé???/ DAL who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. Witness my hand and official seal Signature /éC (seal) Name (prznted) P/C Crooks Commission Expires: July 11, 2029 Commission no: 2523602 L 55),@&{ ?L’l?!‘j/f S # i) 10T 'MORTGAGE ELECTRONIC REGISTRATION SYSTENS, INC. RIDER (MERS Rider) | Schagfer Loan #: RMWO 000103643 MIN: 100072450016748822 THIS MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC, RIDER ("MERS: Rider") is made this 2nd day of March, 20286, 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 CMG Mortgage, Inc. dba CMG Home Loans {"Lender”)of the same date and covering the Property described in the Security Instrument, which is located at: 4882 Harlan Drive, Klamath Falls, OR 97603 {Property Address] In addition to the representations, warranties, covenants, and agreements made in the Security Instrument, Boerrower 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 arnended as follows: "Lender" is CMG Mortgage, Inc. dba CMG Home Loans. Lenderisa Coerporation organized and existing under the laws of California. Lender's address MERS RIDER - SingleFamily - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3158 07/2021 ER 254444 Page Ji a_fj et it ] RMWOOD0L03643 is 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583, Lender is the beneficiary under this Security Instrument. The term "Lcnder" 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 s organized and existing under the laws of Delaware, and has an address and 1elcphone 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 a5 Lender may from time to time direct, including but not limited to appointing a successor trustee, assigning, or releasing, in whole or in part this Security [astrument, foreclosing or directing Trustee to institute foreclosure of this Security Instrument, or 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 inierest is terminated. 2. The DEFINITIONS section of the Security Instrument is further amended to add the following definition: "Nominee" means one designated to act for another as its representative for a limited purpose. 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: 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 salé, the foliowing described property located in the COUNTY [Type of Recording Jurisdiction] of Klamath [Name of Recording Jurisdiction]: Legal Description attached hereto and made a part hereof which currently has the address of 4882 Harlan Drive, Klamath Falls, OR 97603 (“Property Address"); ‘ TOGETHER WITH all the improvements now or subsequently erected on the property, including replacements and additions to the improvements on such property, ali property rights, including, without limitation, all easements, appurtenances, royaliies, MERS RIDER - SingleFamily - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3188 (07/2021 EX 25444 4 Page 2 of § T RMWOOO0103643 mineral rights, oil or gas fights 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, as the beneficiary under this Security Instruthént,.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 ight fo exercise any or all interests granted by Borrower to Lender, including, but not limited to, the right 1o 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. €. NOTICES; BORROWER'S PHYSICAL ADDRESS Section 16 of the Security Instrument is amended to read as follows: 16. Notices; Borrower's Physical Address. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. (a) Notices to Borrower. Unless Applicable Law requires a different method, any written notice to Borrower in connection with this Security Instrument wiil be deemed to have been given 10 Borrower when (i) mailed by first class mail, or (ii) actually delivered 1o Borrower's Notice Address {as defined in Section 16{c) below) if sent by means other than first class mail or Elecironic Communication (as defined in Section 16(b) below). Notice to any one Borrower will constitute notice to all Borrowers unless Agpticabile 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 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 electronic communication ("Electronic Communication”) if: (i} agreed to by Lender and Borrower in writing; (ii) Borrower has provided Lender with Borrower's e-mail or other electronic address ("Electronic Address"); (jif) 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 complics 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 MERS RIDER - SingleFamily - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3158 (0772021 ™ 25444.4 Page 3 of 5 - WG BT A | RMHOO00L03643 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 2 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 & procedute for reporting Borrower's change of Notice Address, then Borrower will report a change of Notxce Address only through that specified procedure. (d) Notices te 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 Sceurity 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. D. SALE OF NOTE Section 21 of the Security Instrument is amended to read as follows: 21. Sale 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 Instrumenit 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 righis of Lender. E. SUBSTITUTE TRUSTEE MERS RIDER - SingleFamily - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3158 0772021 EE 254444 Paged of W BB R LR ) RMWODQ0103643 Section 28 of the Security Instrument is amended to read as follows: 28. Substitute Trustee. [n accordance with Applicable Law, Lender or MERS may from time to tine 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 jn this MERS Rider. 2 St o - BORROWER - Kj Schagfer Lokt Sl e - BORROWER - \yicki J Schaefer h?? pltgafaen {SEAL) - BORROWER - John Sdhaefer MERS RIDER - SingleFamily - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3158 (7/2021 ES 254444 Page S of 5 WIS e R | EXHIBIT A LEGAL DESCRIPTION: Real property in the County of Klamath, State of Oregon, described as follows: THE SOUTHEAST HALF OF THE TRACT 41, HOMEDALE, ACCORDING TO THE OFFICIAL PLAT THEREOF ON FILE IN THE OFFICE OF THE COUNTY CLERK OF KLAMATH COUNTY, OREGON. A.P.N.: 550594