2026-002397

. Klamath County, Oregon
Prepared by, recording requested by, : 03/18/2026 12:44:01 PM

and when recorded mail to: Fee: $167.00

Point Digital Finance, Inc.
PO Box 192
Palo Alto, CA 94302

point.com
Option Agreement ID: 2026041-NAKAF
Property APN: R577183

Maximum obligation limit $ 44,000.00 (Space Above for Recorder’s Use)
DEED OF TRUST

NOTICE: THIS DEED OF TRUST CONTAINS A SUBORDINATION CLAUSE WHICH
MAY RESULT IN BENEFICIARY’S SECURITY OR OTHER INTEREST IN THE
PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE
LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT.

This DEED OF TRUST, together with any riders hereto ("'Security Instrument'), is
made as of March 10, 2026 (""Effective Date'), among Monica Byrd-Alcala (in both his/her
individual capacity and as grantor, "Owner'), and First American Title Insurance Co.
("Trustee'"), and Point Titling Trust, a Delaware statutory trust, as assignee beneficiary of Point
Digital Finance, Inc., a Delaware corporation, and its successors and assignees (''Beneficiary').

The following riders are to be executed by Owner [check box as applicable]:
[ ] Condominium Rider
[ ] Planned Unit Development Rider

RECITALS

A. This Security Instrument is given in connection with the execution of that certain Point
Digital Finance Option Purchase Agreement ("Option Agreement'), entered into by and
between Owner and Beneficiary, pursuant to which Owner grants and conveys to Beneficiary the
option to purchase ("Option") an undivided percentage interest (the "HEI Percentage") in that
certain real property and improvements thereon in County of Klamath, State of Oregon, as more
particularly described in Schedule A attached hereto and incorporated herein by this reference,
and commonly known as 4922 SUMMERS LN, KLAMATH FALLS, OR 97603 ("Real
Property'). The initial term of the Option shall commence on the Effective Date and shall
expire on March 10, 2056. In exchange for granting the Option to Beneficiary, Beneficiary paid

© 2026 Point Digital Finance, Inc Page 1 of 17 DOCSET: OR25.4

to Owner an Investment Amount amount equal to $44,000.00.

B. Beneficiary desires to secure the rights granted to it in the Option Agreement and the
performance of Obligations (hereinafter defined).

C. This Security Instrument is given pursuant to the Option Agreement, and payment,
fulfillment, and performance of the obligations due under the Option Agreement are secured by
this Security Instrument in accordance with the terms set forth herein.

D. Capitalized terms used in this Security Instrument shall have the meanings specified
herein, or if not defined herein, in the Option Agreement. The Option Agreement and certain
other ancillary documents (which documents, together with the Security Instrument, are
collectively termed the "Option Documents") are executed by Owner and Beneficiary
concurrently herewith.

1. Grant in Trust. OWNER HEREBY IRREVOCABLY grants, transfers and assigns
to Trustee, and its successors and assignees, a security interest, with power of sale, for the benefit
of Beneficiary and its successors and assigns in and to the following property, rights, interests
and estates now owned, or hereafter acquired by Owner (collectively, the "Property'):

a. Real Property. The Real Property together with all improvements, replacements
and additions now or hereafter erected on the Real Property and all easements, appurtenances
and fixtures now or hereafter a part of the Real Property.

b. Leases and Rents. All leases, subleases, subsubleases, lettings, licenses,
concessions or other agreements (whether written or oral) pursuant to which any Person is
granted a possessory interest in, or right to use or occupy all or any portion of the Real Property,
and every modification, amendment or other agreement relating to such leases, subleases,
subsubleases, or other agreements entered into in comnection with such leases, subleases,
subsubleases, or other agreements and every guarantee of the performance and observance of the
covenants, conditions and agreements to be performed and observed by the other party thereto,
heretofore or hereafter entered into, whether before or after the filing by or against Owner of any
petition for relief under any Creditors Rights Laws (collectively, the "Leases') and all right, title
and interest of Owner, its successors and assigns therein and thereunder, including, without
limitation, cash or securities deposited thereunder to secure the performance by the lessees of
their obligations thereunder and all rents, additional rents, rent equivalents, moneys payable as
damages or in lieu of rent or rent equivalents, royalties (including, without limitation, all oil and
gas or other mineral royalties and bonuses), income, receivables, receipts, revenues, deposits
(including, without limitation, security, utility and other deposits), accounts, cash, issues, profits,
charges for services rendered, and other consideration of whatever form or nature received by or
paid to or for the account of or benefit of Owner or its agents or employees from any and all
sources arising from or attributable to the Real Property, including, all receivables, customer
obligations, installment payment obligations and other obligations now existing or hereafter

© 2026 Point Digital Finance, Inc Page 2 of 17 DOCSET: OR25.4

arT

arising or created out of the sale, lease, sublease, license, concession or other grant of the right of
the use and occupancy of property or rendering of services by Owner and proceeds, if any, from
business interruption or other loss of income insurance whether paid or accruing before or after
the filing by or against Owner of any petition for relief under any Creditors Rights Laws
(collectively, the "Rents') and all proceeds from the sale or other disposition of the Leases and
the right to receive and apply the Rents to the payment of the Point Proceeds. As used herein,
""Creditors Rights Laws" shall mean any existing or future law of any jurisdiction, domestic or
foreign, relating to bankruptcy, insolvency, reorganization, conservatorship, arrangement,
adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to its
debts or debtors.

c. Insurance Proceeds. All insurance proceeds in respect of the Real Property
under any insurance policies covering the Real Property, including, without limitation, the right
to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu
thereof, for damage to the Real Property (collectively, the "Insurance Proceeds").

d. Condemnation Awards. All condemnation awards, including interest thereon,
which may heretofore and hereafter be made with respect to the Real Property by reason of any
taking or condemnation, whether from the exercise of the right of eminent domain (including, but
not limited to, any transfer made in lieu of or in anticipation of the exercise of the right), or for a
change of grade, or for any other injury to or decrease in the value of the Real Property
(collectively, the ""Awards').

CONDITIONS TO GRANT: TO HAVE AND TO HOLD the above granted and
described Property unto and to the use and benefit of Beneficiary and its successors and assigns,
forever, WITH THE POWER OF SALE, to secure Owner's payment to Beneficiary of the Point
Proceeds and the performance of the Obligations at the time and in the manner provided in the
Option Documents and this Security Instrument;

PROVIDED, HOWEVER, these presents are upon the express condition that, if Owner
shall well and truly (a) pay to Beneficiary the Point Proceeds at the time and in the manner
provided in the Option Agreement, this Security Instrument and the other Option Documents, (b)
perform the Obligations as set forth in the Option Agreement, this Security Instrument and the
other Option Documents, and (c) abide by and comply with each and every covenant and
condition set forth in the Option Agreement, this Security Instrument and the other Option
Documents, these presents and the estate hereby granted shall cease, terminate and be void;
provided, however, that Owner's obligation to indemnify and hold harmless Beneficiary pursuant
to the provisions hereof shall survive any such payment and release.

2. Secured Obligations.

a. Obligations. Owner makes the grant, transfer and assignment set forth in
Section 1 above for the purpose of securing the following '"Obligations'':

© 2026 Point Digital Finance, Inc Page 3 of 17 DOCSET: OR25.4

(1)  the payment of the Point Proceeds;
2) all other obligations of Owner contained herein;

A3 each obligation of Owner contained in the Option Agreement and any
ancillary document;

@) each obligatio'n of Owner contained in any renewal, extension,
amendment, modification, consolidation, change of, or substitution or replacement for, all or any
part of the Option Agreement;

3 any expenditures made by Beneficiary pursuant to, or under, this Security
Instrument; and

(6) payment of all fees and expenses (including, as allowed by applicable law,
court and other dispute resolution costs, attorneys' and experts' fees and costs, and fees and
disbursements of in-house counsel (collectively "Attorneys' Fees')) incurred by Beneficiary in
the enforcement and collection of the obligations listed above and the protection of Beneficiary's
rights related thereto, whether such fees are incurred in any state, federal or bankruptcy court or
otherwise and whether or not litigation or arbitration is commenced. Attorneys' Fees shall
include, Attorneys' Fees incurred in any state, federal or bankruptcy court, and in any bankruptcy
case or insolvency proceeding, of any kind in any way related to this Security Instrument, to the
interpretation or enforcement of the parties' rights under this Security Instrument, or to the
Property.

b. Investment Amount. Owner shall not be obligated to repay any part of the
Investment Amount (as such term is defined in the Option Agreement); and therefore, such item
shall not be included within the Obligations. The foregoing shall not, however, in any way limit
any payment calculated and agreed by Owner to be paid pursuant to the Option Agreement.

3. Uniform Commercial Code Security Agreement and Fixture Filing. This Security
Instrument also is intended to be and shall constitute a security agreement under the Oregon
Uniform Commercial Code for any items of personal property that constitute fixtures or are
specified as part of the Property and that under applicable law may be subject to a security
interest under the Oregon Uniform Commercial Code. Owner hereby grants to Beneficiary a
security interest in those items to secure the performance and payment of the Obligations.

a. Owner agrees that Beneficiary may file either this Security Instrument, or a
copy of it, or a UCC-1 Financing Statement in the real estate records or other appropriate index
and/or in the Office of the Secretary of State of the State of Oregon, as a financing statement for
any of the items specified above as part of the Property.

© 2026 Point Digital Finance, Inc Page 4 of 17 DOCSET: OR25.4

b. This Security Instrument constitutes a financing statement filed as a fixture
filing pursuant to Sections 79.0309 and 79.0501(a) of the Oregon Uniform Commercial Code,
and any similar or successor provisions.

c. Beneficiary may file such extensions, renewals, amendments and releases as are
appropriate to reflect the status of its security interest.

d. Owner shall pay all costs of filing such financing statements and any extensions,
renewals, amendments, and releases of such statements, and shall pay all reasonable costs and
expenses of any record searches for financing statements that Beneficiary may reasonably
require.

e. On any default hereunder, Beneficiary shall have the remedies of a secured party
under the Oregon Uniform Commercial Code and may also invoke the remedies in Section 7
below. In exercising any of these remedies, Beneficiary may proceed against the items of Real
Property, fixtures or improvements separately or together and in any order whatsoever without in
any way affecting the availability of Beneficiary's remedies under the Oregon Uniform
Commercial Code or the remedies in Section 7 below.

4. Assignment of Leases and Rents. Owner hereby absolutely and unconditionally
assigns to Beneficiary and Trustee all of Owner's right, title and interest in and to all current and
future Leases and Rents; it being intended by Owner that this assignment constitutes a present,
absolute assignment and not an assignment for additional security only.

a. Owner hereby gives to, and confers upon, Beneficiary the right, power and
authority, during the continuance of this Security Instrument, to collect the Rents, reserving unto
Owner the right, prior to any default by Owner in payment of the Obligations secured hereby or
in performance of any agreement hereunder, to collect and retain such Rents, as they become due
and payable.

b. Upon any such default, Beneficiary may at any time without notice, either in
person, by agent, or by a receiver to be appointed by a court, and without regard to the adequacy
of any security for the Obligations secured hereby, enter upon and take possession of the
Property or any part of it, in its own name sue for or otherwise collect such Rents, including
those past due and unpaid, and apply the same, less costs and expenses of operation and
collection, including Attorneys' Fees to the Obligations secured hereby, and in such order as
Beneficiary may determine.

c. The entering upon and taking possession of the Property, the collection of such
rents, issues and profits and the application of such rents, issues and profits pursuant to this
Security Instrument, shall not cure or waive any default or notice of default under this Security
Instrument or invalidate any act done pursuant to such notice.

© 2026 Point Digital Finance, Inc Page 5 of 17 DOCSET: OR254

d. Nothing in this section shall permit Owner to lease or rent the Property in
contravention of any provision of the Option Agreement; nor shall anything in this section
modify any provision in the Option Agreement relating to the use, lease or occupancy of the
Property.

S. Covenants of Owner Regarding the Property. Owner hereby agrees as follows:

a. To appear in and defend any action or proceeding purporting to affect the
security of this Security Instrument or the rights or powers of Beneficiary or Trustee; and to pay
all costs and expenses of Trustee and Beneficiary (including cost of evidence of title and
Attorneys' Fees) incurred: (i) in any state, federal or bankruptcy court, in any action or
proceeding in which Beneficiary or Trustee may appear, and in any suit brought by Beneficiary
to foreclose this Security Instrument or to collect the Obligations or to protect Beneficiary's
rights under this Security Instrument; and/or (ii) in connection with the enforcement of any
provisions of this Security Instrument or in connection with foreclosure upon the collateral
granted under this Security Instrument (whether or not suit is filed).

b. To pay at least ten days before delinquency all taxes and assessments affecting
the Property; and all encumbrances, charges and liens, with interest, on the Property (or any part
of the Property), which are prior or could obtain priority to the lien or to the rights granted under
this Security Instrument, and all costs, fees and expenses of this Security Instrument.

) If Owner fails to make any payment or to do any act as provided in this
Security Instrument, Beneficiary or Trustee may (but shall not be obligated to) make the payment
or do the act in the required manner and to the extent deemed necessary by Beneficiary or
Trustee to protect the security for this Security Instrument, which payments and related expenses
(including Attorneys' Fees) shall also be secured by this Security Instrument.

2) Such performance by Beneficiary or Trustee shall not require notice to, or
demand on, Owner and shall not release Owner from any obligation under this Security

Instrument.

3 Beneficiary or Trustee shall have the following related rights and powers:

(A) to enter upon the Property for the foregoing purposes, (B) to appear in and defend any action

or proceeding purporting to affect the Property or the rights or powers of Beneficiary or Trustee
under this Security Instrument, (C) to pay, purchase, contest or compromise any encumbrance,
charge, or lien that in the judgment of Beneficiary or Trustee appears to be prior or superior to
this Security Instrument, and (D) to employ counsel, and to pay such counsel necessary expenses
and costs, including Attorneys' Fees.

c. To pay immediately upon demand all sums expended by Beneficiary or Trustee

pursuant to this Security Instrument; and to pay interest on any of the foregoing amounts
demanded by Beneficiary or Trustee at the rate specified in ORS 82.010 (or other applicable law)

© 2026 Point Digital Finance, Inc Page 6 of 17 DOCSET: OR25.4

from the date of such demand, not to exceed the maximum rate allowed by law at the time of
such demand.

6. Power of Attorney. Owner hereby irrevocably appoints Beneficiary as Owner's
attorney-in-fact (such agency being coupled with an interest). As such attorney-in-fact
Beneficiary may, after providing notice to Owner pursuant to the Option Agreement (without the
obligation to do so) in Beneficiary's name, or in the name of Owner, prepare, execute and file or
record financing statements, continuation statements, applications for registration and like
documents necessary to create, perfect or preserve any of Beneficiary's security interests and
rights in or to any of the Property, and, upon a default under this Security Instrument, take any
other action required of Owner; provided, however, that Beneficiary as such attorney-in-fact shall
be accountable only for such funds as are actually received by Beneficiary.

7. Default and Foreclosure and Power of Sale. Upon Owner's default under or breach
of any of the rights and Obligations that are secured by this Security Instrument as specified
above, Beneficiary may declare all performance and sums secured by this Security Instrument
immediately due by delivery to Trustee and to Owner of written declaration of default.
Beneficiary shall give notice of default to Owner prior to acceleration following Owner's breach
of any covenant or agreement in this Security Instrument. The notice shall specify: (a) the -
default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date
the notice is given to Owner, by which the default must be cured; and (d) that failure to cure the
default on or before the date specified in the notice may result in acceleration of the performance
secured by this Security Instrument and sale of the Property. The notice shall further inform
Owner of the right to cure after acceleration and the right to bring an action to assert the non-
existence of a default or any other defense of Owner to acceleration and sale. If the default is not
cured on or before the date specified in the notice, Beneficiary at its option may require
immediate performance in full of all obligations secured by this Security Instrument without
further demand and may invoke the power of sale and any other remedies permitted by
applicable law. Beneficiary shall be entitled to collect all expenses incurred in pursuing the
remedies provided herein, including, but not limited to, reasonable attorneys' fees and costs of
title evidence.

If Beneficiary invokes the power of sale, Beneficiary shall execute or cause Trustee to
execute a written notice of Beneficiary's election to cause the Property to be sold as prescribed
by applicable law. Trustee shall cause this notice to be recorded in each county in which any part
of the Property is located. Beneficiary or Trustee shall mail copies of the notice as prescribed by
applicable law to Owner and to the other persons prescribed by applicable law. Trustee shall give
public notice of sale to the persons and in the manner prescribed by applicable law. Beneficiary
also shall deposit with Trustee this Security Instrument, the Option Agreement, and all
documents evidencing any expenditures and damages secured by this Security Instrument.

After the time required by applicable law, Trustee, without demand on Owner, shall
sell the Property at public auction to the highest bidder at the time and place and under the terms

© 2026 Point Digital Finance, Inc Page 7 of 17 DOCSET: OR25.4

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.

Trustee shall deliver to the purchaser its deed conveying the property so sold, but
without any covenant or warranty, express or implied. The recitals in such deed of any matters or
facts shall be conclusive proof of their truthfulness. Any person, including Owner, Trustee, or
Beneficiary as defined in this Security Instrument, may purchase at such sale.

a. After deducting all costs, fees and expenses (including Attorneys' Fees) of
Trustee and of this Trust, including cost of evidence of title in connection with sale, Trustee shall
apply the proceeds of sale to payment of: (i) to Beneficiary, all sums expended and performance
due under the terms of this Security Instrument, not then repaid, with accrued interest, if any, at
the amount allowed by law in effect on the Effective Date of this Security Instrument; (ii) to
Beneficiary, all other sums then secured hereby; and (iii) the remainder, if any, to the person or
persons legally entitled thereto.

b. Notice provided to Owner under this Security Instrument shall be delivered to
the address specified in Section 22 of this Security Instrument in accordance with the applicable
terms and conditions of the Option Agreement unless otherwise required by applicable law.

c. Exercise of Beneficiary's remedies under this Security Instrument shall be in
compliance with applicable law.

8. Liquidated Damages. Liquidated Damages means an amount equal to the sum of
a. the Point Proceeds as calculated pursuant to the Option Agreement;

b. in connection with Owner's failure to make any monetary payment, the sum of
all monetary obligations (including, without limitation, all Preservation Payments) owed to
Beneficiary by Owner under the Option Agreement; and

c. any and all amounts, properly chargeable to Owner as necessary to satisfy
Owner's obligations under the Option Agreement with respect to Owner's mortgage, tax and
insurance obligations on the Property, including late fees, reinstatement fees and other penalties.

9. Late Performance. By accepting performance of any obligation after its due date,
Beneficiary does not waive its right either to require prompt performance when due of all other
obligations or to declare default for such failure to perform.

10. Trustee's Powers. At any time or from time to time, without liability therefor upon
written request of Beneficiary and presentation of this Security Instrument, and without affecting
the personal liability of any person for the performance of the Option Agreement secured hereby,

© 2026 Point Digital Finance, Inc " Page 8 of 17 DOCSET: OR25.4

Trustee may: (a) reconvey any part of the Property; (b) consent to the making of any map or plat
of the Property; (c) join in granting any easement thereon; and (d) join in any extension
agreement or any agreement subordinating the lien or charge of this Security Instrument. 
11. Substitution of Trustee. Beneficiary, or any successor in ownership of the
Obligations, may from time to time, by instrument in writing, substitute a successor or
successors to any Trustee named or acting under this Security Instrument, which instrument,
when executed by the Beneficiary and duly acknowledged and recorded in the office of the
recorder of the county or counties where the Property is situated, shall be conclusive proof of
proper substitution of such successor Trustee or Trustees, who shall, without conveyance from
Trustee's predecessor, succeed to all its title, estate, rights, powers and duties. Such instrument
must contain the name of the original Owner, Trustee and Beneficiary under this Security
Instrument, the book and page where this Security Instrument is recorded, and the name and
address of the new Trustee(s).

12. Trustee's Compensation. Owner shall pay Trustee's fees and reimburse Trustee for
expenses in the administration of this Trust, including Attorneys' Fees.

13. Full Reconveyance. Upon written request of Beneficiary stating that all obligations
have been performed or paid, and upon payment of its fees, Trustee shall reconvey, without
warranty, the Property then held under this Security Instrument. The recitals in such
reconveyance of any matters or facts shall be conclusive proof of the truthfulness of such recitals.
The grantee in such reconveyance may be described as "the person or persons legally entitled
thereto."

14. Successors. This Security Instrument applies to, inures to the benefit of, and binds
all parties to this Security Instrument, their heirs, legatees, devisees, administrators, executors,
successors, and assignees. The term "Beneficiary” shall include any successor or assignee of
Beneficiary's rights in the Option Agreement and in this Security Instrument, whether or not
named as Beneficiary in this Security Instrument. In this Security Instrument, whenever the
context so requires, the masculine gender includes the feminine and/or the neuter, and the
singular number includes the plural.

15. Joint and Several Liability. If more than one person signs this Security Instrument
as Owner, the obligations of each signatory shall be joint and several.

16. Multiple Owners. If there are multiple Owners of the Property:
a. this Security Instrument must be signed by each such Owner;

b. all rights and powers specified for Owner in this Security Instrument must be
approved and exercised unanimously by all such multiple Owners;

© 2026 Point Digital Finance, Inc Page 9 of 17 DOCSET: OR25.4

c. all such multiple Owners shall be jointly and severally liable for all liabilities
and obligations specified for Owner under this Security Instrument;

d. notice required to be given by, or to, Owner will be deemed adequately given if
given by, or to, any of Owners using the contact information set forth in Section 22 of this
Security Instrument; and

e. Beneficiary may treat any notice received from any one Owner as notice from
all Owners.

17. Revocable Trust. If any Owner is/are the trustee(s) of a Revocable Trust (as
defined in the Option Agreement):

a. all trustees of the Revocable Trust and all individuals having the power to
revoke the Revocable Trust (referred to herein as "owners of the Revocable Trust") must sign this
Security Instrument in their respective capacities as trustees and/or owners of the Revocable
Trust, and each trustee and owner of the Revocable Trust who signs this Security Instrument
hereby represents and warrants that all trustees and owners of the Revocable Trust have been
disclosed to Beneficiary;

b. any trustee of the Revocable Trust who is also an owner of the Revocable Trust
need only sign this Security Instrument once for it to be binding on such person both as trustee
and as owner of the Revocable Trust;

c. all rights and powers specified for, and all actions required of, Owner in this
Security Instrument must be approved and exercised unanimously by all trustees of the
Revocable Trust;

d. all trustees and all owners of the Revocable Trust shall be jointly and severally
liable for all liabilities and obligations specified for Owner under this Security Instrument;

e. all representations and warranties by Owner in this Security Instrument are
made by all trustees of the Revocable Trust on behalf of the Revocable Trust and by all owners of
the Revocable Trust;

f. notice required to be given by, or to, any Owner will be deemed adequately
given if given by, or to, any of the trustees of the Revocable Trust using the contact information

set forth in Section 22 of this Security Instrument; and

g. Beneficiary may treat any notice received from any one trustee of the Revocable
Trust as notice from all trustees of the Revocable Trust and from Owner.

18. Acceptance by Trustee. Trustee accepts this Trust when this Security Instrument,

© 2026 Point Digital Finance, Inc Page 10 of 17 DOCSET: OR25.4

duly executed and acknowledged, is made a public record as provided by law.

19. Extent of Lien. The lien granted under this Security Instrument shall encumber
Owner's entire interest in the Property, notwithstanding the fact that the Option Agreement
relates to only a fractional interest in the Property.

20. No Merger. So long as any of the obligations under the Option Agreement remains
outstanding and undischarged, unless Beneficiary otherwise consents in writing, the fee estate of
Owner in the Property or any part thereof (including the estate of Beneficiary after exercising the
Option) will not merge, by operation of law or otherwise, with any other estate in the Property or
any part of it, but will always remain separate and distinct, notwithstanding the union of the fee
estate and such other estate in Beneficiary or in any other Person.

21. Notice of Option Purchase Agreement. Owner hereby provides notice that Owner
and Beneficiary have entered into the Option Agreement, as more particularly described in
Schedule B attached hereto and incorporated herein by this reference as if set forth in full. The
Option Agreement contains certain covenants and promises to or for the benefit of Beneficiary.
The Option Agreement is irrevocable by Owner and expires on March 10, 2056. Every person or
entity who now or hereafter owns or acquires any right, title or interest in or to any portion of the
Property is and shall be conclusively deemed to have consented and agreed to every restriction,
provision, covenant, right and limitation contained in the Option Agreement, whether or not such
person or entity expressly assumes such obligations or whether or not any reference to the Option
Agreement is contained in the instrument conveying such interest in the Property to such person
or entity.

22. Notices. All notices or other written communications hereunder shall be delivered
in accordance with the applicable terms and conditions of the Option Agreement. Notices shall
be sent to the address of the other party listed below as follows, unless a party has been notified
by the other party in writing of a substitute address:

POINT: OWNER:

Point Digital Finance, Inc. Monica Byrd-Alcala

PO Box 192 4922 SUMMERS LN

Palo Alto, CA 94302 KLAMATH FALLS, OR 97603
Personal or Overnight Delivery: 4 TRUSTEE:

Point Digital Finance, Inc. First American Title Insurance Co.
Attn: Chief Executive Officer - NOTICES 2 First American Way

444 High Street, 4th Floor Santa Ana, CA 92707
Palo Alto, California 94301

Fax: 650-434-3778
Email: notices@point.com

© 2026 Point Digital Finance, Inc Page 11 of 17 DOCSET: OR25.4

Do not lose or destroy this Security Instrument or the Option Agreement that it secures. All
must be delivered to Trustee for cancellation before reconveyance will be made.

[Signatures on Following Page]

© 2026 Point Digital Finance, Inc . Page 12 of 17 DOCSET: OR25.4

READ THIS DOCUMENT CAREFULLY BEFORE SIGNING IT. ALL PRIOR ORAL,
ELECTRONIC AND WRITTEN COMMUNICATIONS AND AGREEMENTS FROM OR
WITH BENEFICIARY, INCLUDING ALL CORRESPONDENCE, OFFER LETTERS,
PRINTED MATERIALS, AND DISCLOSURES, ARE MERGED INTO AND SUPERSEDED
AND REPLACED BY THIS SECURITY INSTRUMENT, THE OPTION AGREEMENT AND
OPTION DOCUMENTS, AND THE OTHER WRITTEN AGREEMENTS MADE BY AND
BETWEEN OWNER AND BENEFICIARY AS OF THE EFFECTIVE DATE.

IN WITNESS WHEREOF, each undersigned Owner has executed this Security Instrument as of
the date set forth above.

OWNER(S):

x: Date: =10 26
Monica Byrd-Alcala

Individual Loan Originator: Ed Barbour, NMLS ID 2762595, State ID 2762595
Loan Originator Organization: Point Digital Finance, Inc., NMLS ID 1610752, State ID 1610752

© 2026 Point Digital Finance, Inc Page 13 of 17 DOCSET: OR25.4

ACKNOWLEDGMENT

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 M?//
County of W&%

on JRACH 16, Jré ,
before me, ??l?é@ %M(SS (ng , Notary Public

4/

personally appeared lf/l,m‘ 'zz.-"l?l =7

MoNICA 2YRD- ALC’//L//

)
)§
)

>

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.

certify under PENALTY OF PERJURY under the laws of the State of
Q@% ?p/fj that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

OFFICIAL STAMP
RONALD JAMES CREWS
NOTARY PUBLIC - OREGON
COMMISSION NO. 1063598
MY COMMISSION EXPIRES 11/08/2029

(Seal of Notary)

© 2026 Point Digital Finance, Inc Page 14 of 17 DOCSET: OR25.4

SCHEDULE A
LEGAL DESCRIPTION

The Land referred to herein below is situated in the County of Klamath, State of Oregon, and is
described as follows:

Beginning at an iron pin on the Westerly right of way line of Summers Lane which lies South
0°10" East along the section line a distance of 1062.3 feet and North 88°30' West a distance of 30
feet from the iron axle which marks the Northeast corner of Section 15, Township 39 South,
Range 9 East of the Willamette Meridian and running thence:

Continuing North 88°39" West a distance of 275.4 feet to an iron pin; thence South 0°10' East
parallel to the section line a distance of 228.4 feet to an iron pin; thence South 88°39' East a
distance of 275.4 feet to an iron pin on the Westerly right of way line of Summers Lane; thence
North 0°10" West along the Westerly right of way line of Summers Lane a distance of 223.4 feet,
more or less, to the point of beginning, said tract in the NE1/4 NE1/4 of Section 15, Township 39
South, Range 9 East of the Willamette Meridian, Klamath County, Oregon.

Excepting therefrom all that portion described as follows:

Beginning at an iron pin on the Westerly right of way line of Summers Lane which lies South
0°10" East along the section line a distance of 1062.3 feet; and North 88°30" West a distance of
30 feet from the Northeast corner of Section 15, Township 39 South, Range 9 East of the
Willamette Meridian; running thence North 88°39" West a distance of 275.4 feet to an iron pin;
thence South 0°10' East parallel to the section line a distance of 228.4 feet to an iron pin, the
point of beginning; thence South 88°39' Fast a distance of 115 feet to a wooden stake; thence
North 0°10" West parallel to the section line a distance of 175 feet to a wooden stake; thence
North 88°39" West a distance of 115 feet to a wooden stake; thence South 0°10' East parallel-to
section line 175 feet to an iron pin; the point of beginning.

Also excepting therefrom all that portion conveyed to Klamath County, Oregon by Deed
recorded May 16, 1928 in Volume 78 at page 500, Klamath County Deed Records.

APN: R577183

[end of legal description]

© 2026 Point Digital Finance, Inc Page 15 of 17 DOCSET: OR25.4

SCHEDULE B
NOTICE OF OPTION

This Notice of Option ("Option Notice') provides notice of that certain Option Agreement
entered into as of March 10, 2026 (""Effective Date'), by and between Monica Byrd-Alcala and
Beneficiary, and supplements the Security Instrument of the same date between the same parties.
Capitalized terms used in this Option Notice shall have the meanings specified herein, or if not
defined herein, in the Option Agreement or the Security Instrument.

RECITALS

1. Owner hereby declares that as of the Effective Date, Owner and Beneficiary have
entered into that certain unrecorded Point Digital Finance Option Purchase Agreement ("'Option
Agreement''), which is hereby incorporated into this Option Notice as if set forth in full,
pursuant to which Owner grants and conveys to Beneficiary the option to purchase (""Option'")
an undivided percentage interest (the "HEI Percentage') of fee simple title ownership in the
Property. In exchange for granting the Option to Beneficiary, Beneficiary paid to Owner an
Investment Amount equal to $44,000.00. The Option is irrevocable by Owner and expires on
March 10, 2056.

2. Pursuant to the Option Agreement, Owner has made certain covenants and promises
to, or for the benefit of, Beneficiary in connection with the Property, all as more particularly
described, and on the terms and conditions stated in the Option Agreement.

3. Owner has executed this Option Notice to give notice of the Option Agreement and
certain rights and responsibilities of Owner as to the Beneficiary, as well as the covenants and
promises set forth in the Option Agreement that run with the land and will be binding upon any
party who acquires Owner's interest in the Property so long as the Option Agreement has not
expired or been terminated.

TERMS

A. Notice. Every person or entity who now or hereafter owns or acquires any right,
title or interest in or to any portion of the Property is and shall be conclusively deemed to have
consented and agreed to every restriction, provision, covenant, right and limitation contained in
the Option Agreement and this Option Notice, whether or not such person or entity expressly
assumes such obligations or whether or not any reference to the Option Agreement or this Option
Notice is contained in the instrument conveying such interest in the Property to such person or
entity.

B. Covenants. The Option Agreement covenants are deemed to be covenants running
with the land, so as to give it the broadest possible application, and include, without limitation:

1. restrictions on Owner’s right to transfer the Property without giving prior written
notice to the Beneficiary and requirements that Owner comply with specific sale

© 2026 Point Digital Finance, Inc Page 16 of 17 DOCSET: OR25.4

procedures set forth in the Option Agreement;

2. requirements that Owner maintain insurance on the Property against certain hazards
and risks;

3. restrictions on Owner’s ability to increase the amount of debt to third parties
secured by liens on the Property as specified in the Option Agreement;

4. requirements that Owner keep the Property free of liens not approved by
Beneficiary; and

5. requirements that Owner protect and maintain the Property.

© 2026 Point Digital Finance, Inc Page 17 of 17 DOCSET: OR25.4