2026-002683 Klamath County, Oregon 03/27/2026 08:25:09 AM Fee: $232.00 \Mivr Revvrding Retum 1o UNITED WHOLESALE MORTGAGE. LLC 700 SOUTH BLVD EAST PONTIAC M1 4R34 ATTN POST CLOSING MANAGER Loan Number 1526080458 Case Number 48-48-6-0587622 i i i e | Sp @ ADOVE This Line Fot Recormng Data) e DEED OF TRUST THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. MIN: 101644310013251068 MERS Phone: 888-679-6377 DEFINITIONS Words used i muttiple sections of this document are defined below and ather words are defined under the caption TRANSFER OF RIGHTS IN THE PROPERTY and in Scctions 3, <, 10, 1118, 318, 23, and 24 Certain rules regarding the usage of words used 10 this document are alvo provided n Section 16 Panties (A) "Borrower"is ELIZABETH K ARUJA currently residing at 27233 ROCKY POINT RD. KLAMATH FALLS. OREGON 87601 Borrewer 15 the grantor under this Security Instrument. OREGOM - Single Famdy - UNIFORM INSTRUMENT (VERS) - # DocMagic WODIFIED FOR CEPARTMENT OF VETERANS AFFAIRS 12610800 RS D g7 202 Page 1 0f 19 IFasaanAll (B) "Lender™is Extreme Loans LLC Lender isa CORPORATION organized and existing under the laws of MICHIGAN . Lender's address Is 20444 Northwestem Highway Suite 100, Southfield, Michigan 48034 Lender is the beneficlary under this Security Insirument. The term *Lender” includes any successors and assigns of Lender, (©) "Trustee™is Quality Loan Service Corp. ATTN. Robert McDonald Trustee's address s 108 1st Ave S STE 450, Seattie, Washington 98104-2557 The term "Trustee® includes any substitute/successor Trustee, (D) "MERS" Is the Mortgage Electronic Registration Systems, Inc. Lender has appointed MERS as the nominee for Lender for this Loan, and attached a MERS Rider to this Security Instrument, to be executed by Bosrower, which further describes the relationship between Lender and MERS, and which is incorporated into and amends and supplements this Security Instrument. Documents (E) ‘Note™ means the promissory note daied Fedruary 27, 2026 , and signed by cach Borrower who is legally obligated for the debt under that promissory note, that is in either (i) paper form, using Borrower's writien pen and ink signature, or (ii) 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 cach Borrower who signed the Note to pay Lender FOUR HUNDRED SEVENTY-TWO THOUSAND SEVEN HUNDRED AND 00/100 Dollars (U.S. $ 472,700.00 ) plus interest Each Borrower who signed the Note has promised to pay this debt in regular monthly payments and 10 pay the debt in full not Jater than April 1, 2056 (F) "Riders™ means all Riders 10 this Security lnstmmcnt that are signed by Borrower, All such Riders are incorporated into and deemed to be a part of this Security Instrument. The following Riders are to be signed by Borrower [check box as applicable): [0 Adjustable Rate Rider O Condominium Rider Other(s) [specify): [ -4 Family Rider [ Planned Unit Development Rider Assumption Policy Rider O Second Home Rider X} MERS Rider (G) "Security Instrument" means this document, which is dated February 27, 2026 , together with all Riders to this document, OREGON - Single Family - UNIFORM INSTRUMBNT (MERS) % DocMagic MODIFIED FOR DEPARTMENT OF VETERANS AFFAIRS 2702261 1080013 26000458-£D 07/2024 Page 2 of 19 Additional Dofinitions () "Applicalie Law" means all controlling applicable federal, state, and local statutes, regulations, ordinances, and administrative rules and orders (that have the efTect of law) as well as ail applicable linal, non-sppealable judicial opinkons. () "Community Associstion Dues, Fees, and Assessments” means all ducs, fees, assessments, and other charges that are imposed on Borrower or the Property by a condominium assoclation, homeowners association, or similas organization. () "Default™ mcans: (i) the failure to pay any Periodic Payment or any other amount secured by this Security Instrument on the date it is due; (ii) & beeach of any representation, warranty, covenant, obligation, or agreement in this Security Instrument; (iii) any materially false, mislcading, or inaccurate information or statement to Lender provided by Borrower or any persons or entities acting at Borrower’s direction or with Borrower's knowledge or consent, or failure to provide Lender with material information in connection with the Loan, as described in Section 8; or (iv) any action or proceeding described in Section 11(e). (K) "Electronic Fund Transler™ means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape 50 as 10 order, instruct, or authorize n financial institution to debit or credit an account. Such term includes, but is not limited 1o, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone or other electronic device capable of communicating with sich financial institution, wire transfers, and sutomated clearinghouse transfers. (L) "Electronic Signature” means an "Electronic Signature® as defined in the UETA or E-SIGN, as applicable. (M) "E-SIGN" mcans the Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7001 ¢! 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 ltems” means: (i) taxes and assessments and other items that can altain priority over this Security Instrument as a lien or encumbrance on the Property; (ii) leasehold payments or ground rents on the Property, if any; (iii) premiums for any and all insurance required by Lender under Section 5; and (iv) Community Association Dues, Fees, and Assessments if Lender requires that they be escrowed beginning at Loan closing or at any time during the Loan term. (0) "Loan" means the debt obligation evidenced by the Note, plus interest, any prepayment charges, costs, expenses, and late charges due under the Note, and all sums due under this Security Instrument, plus interest (P) ‘*Loan Servicer® means the entity that has the contractual right to receive Borrower's Periodic Payments and any other payments made by Borrower, and administers the Loan on behalf of Lender. Loan Servicer does not include a sub-servicer, which is an entity that may service the Loan on behalf of the Loan Servicer, (Q) "Miscellancous Proceeds™ means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as 10, the value and/or condition of the Property. (R) "Partial Payment” means any payment by Borrower, other than a voluntary prepayment permitted under the Note, which is less than a full outstanding Periodic Payment. (S) "Periodic Payment” means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3. (T) ‘Property” means the property described below under the heading "TRANSFER OF RIGHTS IN THE PROPERTY."” (U) "Rents” means all amounts received by or due Borrower in connection with the lease, use, and/or occupancy of the Property by a party other than Borrower. OREGON - Single Family - UNIFORM INSTRUMENT (MERS) 7 DocMagic MODIFIED FOR DEPARTMENT OF VETERANS AFFAIRS 270226110800-1526000433-£D 0772021 Page 3 of 19 ek | (V) "RESPA™ means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 ef seq.) and its implementing rcgulation, Regulation X (12 C.F.R. Part 1024), as they may be smended from time to time, or any additional or successor federal legistation of regulation that gov erns the same subject matter, When used in this Security Instrument, "RESPA" refers to all requirements and restrictions that would apply 10 a *federally related morigage loan” even if the Loan does not qualify as a *federally related morigage loan” under RESPA. (W) "Successor in Interest of Borrower™ means any party that has taken title to the Property, whether or not that party has assumed Borrower’ s obligations under the Note and/or this Security Instrument. (X) "UETA"™ mcans the Uniform Electronic Transactions Act, as enacted by the jurisdiction in which the Property is Jocated, as it may be amended from time 10 time, or any applicable additional or successor legislation that governs the same subject matter, TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, extensions, and modifications of the Note, and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrowet irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY ] of KLAMATH [Type of Recording Jurisdiction) [Name of Recording Jurisdiction) See Atlached A PN 3608-003AA-04500 which currently has the address of 27233 ROCKY POINT RD [Strect) KLAMATH FALLS , Oregon 97601 ("Property Address™); [City] [Zip Code) TOGETHER WITH all the improvements now of subsequenily erected on the property, including replacements and additions 10 the improvements on such property, all property rights, including, without limilation, all easements, appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights, and fixtures now or subsequently a part of the property. All of the foregoing is referred to in this Security Instrument as the “Property.” BORROWER REPRESENTS, WARRANTS, COVENANTS, AND AGREES that: (i) Borrower lawfully owns and possesses the Property conveyed in this Security Instrument in fee simple or lawfully has the right to use and occupy the Property under a leaschold estate; (ii) Borrower has the right to grant and convey the Property or Borrower's leasehold interest in the Property; and (iii) the Property is unencumbered, and not subject to any other ownership interest in the Property, except for encumbrances and ownership interests of record. Borrower 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 inlerests of record as of Loan closing. OREGON - Smgle Family - UNIFORM INSTRUMENT (MERS) 7: DocMagic MODNED FOR DEPARTMENT OF VETERANS AFFAIRS 270226110000- 1526080438 £D 0712021 Page 4 of 19 | THIS SECURITY INSTRUMENT combines uniform covenants for national use with limited variations and non-uniform covenants that rellect specific Oregon state requirements 1o constilute 8 uniform sccurity instrument covering real property UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Fscrow ltems, Prepayment Charges, and Late Charges, llorrower will pay each Periodic Payment when due, Borrower will also pay any prepayment charges and late charges due under the Nuote, and any other amounts due under this Security Instrument. Payments due under the Note and this Security Imstrument must be made in U.S. curvency, If any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned 10 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 sclected by Lender: (a) cash; (b) money order; (c) centified check, bank check, treasurer’s check, or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer, Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may sccept or return any Partial Payments in its sole discretion pursuant to Section 2, Any ofTset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from making the full amount of all payments due under the Note and this Security Instrument or performing the covenants and agreements securcd by this Security Instrument. 2. Acceptance and Application of Payments or Proceeds. (2) Acceptance and Application of Partial Payments. Lender may accept and either apply or hold in suspense Partial Payments in its sole discretion in accordance with this Section 2. Lender is not obligated to accept any Partial Payments or to apply any Partial Payments at the time such payments are accepted, and also is not obligated to pay interest on such unapplied funds. Lender may hold such unapplied funds until Borrower makes payment sufficient to cover a full Periodic Payment, a1 which time the amount of the full Periodic Payment will be applied to the Loan. If Borrower does not make such a payment within a reasonable period of time, Lender will either apply such funds in accordance with this Section 2 or return them to Borrower. 1f not applied earlier, Partial Payments will be credited against the total amount due under the Loan in calculating the amount due in connection with any foreclosure proceeding. payoff request, loan modification, or reinstatement. Lender may accept any payment insufficient to bring the Loan current without waiver of any rights under this Security Instrument or prejudice to its rights to refuse such payments in the future. (b) Order of Application of Partial Payments and Periodic Payments. Except as otherwise described in this Section 2, if Lender applics a payment, such payment will be applied to each Periodic Payment in the order in which it became due, beginning with the oldest outstanding Periodic Payment, as follows: first to interest and then to principal due under the Note, and finally 1o Escrow ltems. 1f all outstanding Periodic Payments then due are paid in full, any payment amounts remaining may be applied to late charges and to any amounts then due under this Security Instrument. If all sums then duc under the Note and this Security Instrument are paid in full, any remaining payment amount may be applied, in Lender's sole discretion, 10 a future Periodic Payment or to reduce the principal balance of the Note. If Lender receives a payment from Borrower in the amount of one or more Periodic Payments and the amount of any late charge due for a delinquent Periodic Payment, the payment may be applied 10 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. OREGON - FS&ale Famdy - UNIFORM INSTRUMENT (MERS) % DocMagic MODIPED DEPARTMENT OF VETERANS AFFAIRS 270226110000-1 5608043540 0772021 Page § of 19 AR | ——— e — T (d) No Change to Payment Schedule. Any application of payments, insurance proceeds, or Miscellancous Proceeds to principal due under the Note will not extend or posipene the due dale, or change the amount, of the Periodic Payments, X, Funds for Escrow ltems. {8) Escrow Requirement; Escrow ltems. Borrower must pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum of money to provide for payment of amounts due for all Escrow Jiems (the “Funds®). The amount of the Funds required 1o be paid each month may change during the term of the Loan. Borrower must promptly fumnish to Lender o)l notices or invoices of amounts to be paid under this Section 3. (b) Payment of Funds; Walver, Borrower must pay Lender the Funds for Escrow ltems unless Lender waives this odligation In wriling. Lender may waive this obligation for any Escrow liem at any time. In the event of such waiver, Borrower must pay directly, when and where payable, the amounts due for any Escrow liems subject to the waiver, If Lender has waived the requirement 1o pay Lender the Funds for any or all Escrow liems, Lender may require Borrower to provide proof of direct payment of those items within such time period as Lender may require. Borrower's obligation to make such timely payments and 1o provide proof of payment is deemed to be a covenant and agreement of Borrower under this Security Instrument, 1f Borrower is obligated to pay Escrow liems directly pursuant to a waiver, and Borrower fails 10 pay timely the amount due for an Escrow ltem, Lender may exercise its rights under Section 9 1o pay such amount and Borrower will be obligated 10 repay to Lender any such amount in accordance with Section 9. Lender may withdraw the waiver as to any or all Escrow ltems at any time by giving a notice in accordance with Section 15; upon such withdrawal, Borrower must pay to Lender all Funds for such Escrow liems, and in such amounts, that are then required under this Section 3. (¢) Amount of Funds; Application of Funds. Lender may, at any time, collect and hold Funds in an amount up 10, but not in excess of, the maximum amount a lender can require under RESPA. Lender will estimate the amount of Funds due in accordance with Applicable Law. The Funds will be held in an institution whose deposits arc insured by a U.S. federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank, Lender will apply the Funds to pay the Escrow Jiems no later than the time specified under RESPA. Lender may not charge Borrower for: (i) holding and applying the Funds; (ii) annually analyzing the escrow sccount; or (iii) verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless Lender and Borrower agree in writing or Applicable Law reguires interest to be paid on the Funds, Lender will not be required to pay Borrower any interest or earnings on the Funds. Lender will give 1o Borrower, without charge, an annual accounting of the Funds as required by RESPA. (d) Surplus; Shortage and Deficiency of Funds. In accordance with RESPA, if there Is a surplus of Funds held in escrow, Lender will account to Borrower for such surplus. If Borrower's Periodic Payment is delinquent by more than 30 days, Lender may retain the surplus in the escrow account for the payment of the Escrow liems. If there is a shortage or deficiency of Funds held in escrow, Lender will notify Borrower and Borrower will pay to Lender the amount necessary to make up the shortage or deficiency in accordance with RESPA. Upon payment in full of all sums secured by this Security Instrument, Lender will promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower must pay (a) all taxes, assessments, charges, fines, and impositions attributable 10 the Property which have priority or may attain priority over this Security Instrument, (b) Jeasehold payments or ground rents on the Property, if any, and (¢) Community Association Dues, Fees, and Assessments, if any, If any of these items are Escrow ltems, Borrower will pay them in the manner provided in Section 3. Borrower must promptly discharge any licn that has priority or may atain priority over this Security Instrument unless Borrower: (aa) agrees in writing 10 the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing under such agreement; (bb) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which Lender determines, in its sole discretion, OREGON - Single Family - UNIFORM INSTRUMENT (MERS) 7 DocMagic MODIRED FOR DEPARTMENT OF VETERANS AFFAIRS 2202261 10800-1326080458-£0 0772021 Page 6 of 19 Al ,;i k opeeate 1o prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are comcluded, or (¢c) secures from the holder of the lien an agreement satlsfactory to Lender that subordinates the lien 10 this Security Instrument (collectively, the "Required Actions®), If Lender determines that any pant of the Property Is subject 10 a lien that has priority or may atialn peiotity over this Security Instrument and Bosrower has not taken any of the Required Actions in regard 1o such lien, Lender may give Borrower a notice identifying the lien, Within 10 days afier the date on which that notice Is given, Borrower must satisfy the lien or take one or more of the Required Actions, 5. Property Insurance. (») Insurance Requirement; Coverages. Borrower must keep the improvements now existing or subsequently erected on the Property Insured against loss by fire, hazards Included within the term "extended coverage,” and any other hazards including, but not limited to, carthquakes, winds, and floods, for which Lender requires insurance, Borrower must maintain the types of insurance Lender requires in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan, and may exceed any minimum coverage required by Applicable Law. Borrower may choose the insurance carrier providing the Insurance, subject to Lender's right 10 disapprove Borrower's choice, which right will not be exercised unreasonably, (b) Failure to Maintain Insurance. If Lender has a reasonable basis to believe that Borrower has failed 10 maintain any of the required Insurance coverages deseribed above, Lender may obtain insurance coverage, at Lender's option and at Borrower's expense. Unless required by Applicable Law, Lender is under no obligation to advance premiums for, or to seck to reinstate, any prior lapsed coverage obtained by Borrower, Lender is under no obligation to purchase any particular type or amount of coverage and may select the provider of such insurance in its sole discretion. Before purchasing such coverage, Lender will notify Borrower if required to do so under Applicable Law, Any such coverage will insure Lender, but might not protect 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 efect, but not exceeding the coverage required under Section 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 amounis disbursed by Lender for costs associated with reinststing 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 will bear interest at the Note rate from the date of disbursement and will be payable, with such interest, upon notice from Lender 1o Borrower requesting payment. (¢) Insurance Policics. All insurance policics required by Lender and renewals of such policies: (i) will be subject to Lender’s right to disapprove such policies; (ii) must include astandard mortgage clause; and (iii) must name Lender as mortgagee and/or as an additional loss payee. Lender will have the right to hold the policies and renewal certificates. If Lender requires, Borrower will promptly give 1o Lender proof of paid premiums and renewal notices, If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy must include a standard mortgage clause and must name Lender as mortgagee and/or as an additional loss payee. (d) Proof of Loss; Application of 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 Borrower. Any insurance proceeds, whether or not the underlying insurance was required by Lender, will be applied to restoration or repair of the Property, if Lender deems the restoration or repair to be economically feasible and determines that Lender's security will not be lessened by such restoration or repair. If the Property is to be repaired or restored, Lender will disburse from the insurance proceeds any initial amounts that are necessary 1o begin the repair or restoration, subject to any restrictions applicable to Lender. During the subsequent repair and restoration period, Lender will have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property 1o 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 OREGON - Family - UNIFORM INSTRUMENT (MERS) <: DocMagic MODIRED FOR DEPARTMENT OF VETERANS AFFAIRS 1702261 10800-15 MOS0 S8-£ D 0772021 Page 7 of 19 AR md fimited Wy liceming, bomd, and insurance requirements) provided that such inspection must be undertaken peompely, Lender may disburse proceeds for the repairs and testoration In a single payment o In a series of progress payments as the wash Is completed, depending on the size of the repair or restoraion, the terms of the repair agreement, and whether Borrower 1s in Default on the Loan, Lender may make such disbursements directly to Boetower, 1o the person repairing or restoring the Property, or payable Jointly to both. Lender will not be required n pay Borrower any interest or eamnings 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 Dorrower will not be paid out of the Insurance proceeds and will be the sote obligation of Borrower, 1f Lender deems the restoration or repair not 1o be economically feasible or Lender’ s security would be lessened by such restoeation or repair, the insurance proceeds will be applied to the sums secured by this Security Instrument, whethet or not then due, with the excess, if any, paid to Bosrower, Such insurance proceeds will be applied in the order that Partial Payments are applied in Section (b). {c) Insurance Settlements: Asdgnment of Procecds. If Borrower abandons the Property, Lender may file, negotiate, and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to & notice from Lender that the insurance carrict has offered 10 settle a claim, then Lender may negotiate and settle the claim. The J0-day period will begin when the notice is given. In either event, or if Lender acquires the Propesty under Section 25 or otherwise, Borrower is unconditionally assigning 1o Lender (i) Borrower’s rights to any insurance proceeds in an amount not 10 exceed the amounts unpaid under the Note and this Security Instrument, and (ii) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, 10 the extent that such rights are applicable to the coverage of the Property. If Lender files, negotiates, or settles a claim, Borrower agrees thal any insurance proceeds may be made payable directly to Lender without the need to include Borrower as an additional loss payee. Lender may use the insurance procecds either to repair or restore the Property (as provided in Section 5(d)) or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower must occupy, establish, and use the Property as Borrower’ s principal residence within 60 days afier the execution of this Security Instrument and must continue 10 occupy the Property as Borrower's principal residence for at least one year afier the date of occupancy, unless Lender otherwise agrees in writing, which oconsent will not be unreasonably withheld, or unless extenuating circumstances exist that are beyond Borrower's control, 7. Preservation, Maintenance, and Protection of the Property; Inspections. Borrower will not destroy, damage, or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower must maintain the Property In order to prevent the Property from deteriorating or decreasing in value due 1o its condition, Unless Lender determines pursuant to Section § that repair or restoration is not economically feasible, Borrower will promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation procceds 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 of in a series of progress payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person repairing or restoring the Property, or payable jointly to both. If the insurance or condemnation proceeds are not sufficient 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 interior of the improvements on the Property. Lender will give Borrower notice at the time of or prior 10 such an interior inspection specifying such reasonable cause. OREGON - Single Famiy - UNIFORM INSTRUMENT (MERS) % DocMagic MOOIRED FOR DEPARTMENT OF VETERANS AFFAIRS 27022610000-1 52600045840 072021 Page 8 of 19 S | e ———— 8 Barrower’s Loan Application. Boarrower will be In Defanlt if, during the Loan application process, Boernwer oF any perions of entines acting al Borrower’ s direction or with Borrower’s knowledge or cunsent gave maiceially false, miskeading, or inaccurate information of statements 10 Lender (or failed 10 provide Lender with matenial information) in connection with the Loan, including, but not limited to, overstating Ikrrower’s income or anets, umndcrsiating or failing 1o provide documentation of Borrower's debt obligations and llabilities, and ranrepresenting Bormower’ s oocupancy or intended occupancy of the Property as Borrower’ s principal residence. 9. Protection of Lender’s Interest In the Property and Rights Under this Security Instrument. {s) Protection of Lender’s Interest. 16 (1) Borrower fails to perform the covenants and agreements contained in this Security Instrument; (ii) there is 8 legal proceeding or government order that might significantly affect Lender’s imerest in the Property and/or rights under this Security Instrument (such as a procceding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien that has priority or may attain priority over this Security Instrument, or to enforce laws or regulations); of (iit) Lender reasonably believes that Borsower has abandoned the Property, then Lender may do and pay for whatever s reasonable or appropriate 10 protect Lender’s interest in the Property and'or rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender’ s actions may include, but are not limited to: (1) paying any sums secured by a lien that has priority or may attain priority over this Security Instrument; (11) appearing in court; and (1) paying: (A) reasonable attorneys’ fees and costs; (B) property inspection and valuation fees; and (C) other fees incurred for the purpose of protecting Lender’s interest in the Property and/or rights under this Sccurity Instrument, including its secured position in a bankrupicy proceeding. Securing the Property includes, but is not limited to, exterior and inlerior inspections of the Property, entering the Property to make repairs, changing locks, replacing or boarding up doors and windows, draining water from pipes, eliminating building or other code violations or dangerous conditions, and having utilities turned on or off. Although Lender may take action under this Section 9, Lender is not required to do 5o and is not under any duty or obligation to do so. Lender will not be Jiable for not taking any or all actions authorized under this Section 9, (b) Avoiding Foreclosure; Mitigating Losses. Il Borrower is in Default, Lender may work with Borrower to svoid foreclosure and’or mitigate Lender’ s potential losses, but is not obligated to do so unless required by Applicable Law. Lender may take reasonable actlons 10 evaluate Borrower for available alternatives 1o foreclosure, including, but not limited 1o, obtaining credit reports, litle reports, title insurance, property valuations, subordination agreements, and third-party approvals, Borrower authorizes and consents to these actions. Any costs associated with such loss mitigation activities may be paid by Lender and recovered from Borrower as described below In Section %(c), unless prohibited by Applicable Law, (c) Additional Amounts Secured. Any amounts disbursed by Lender under this Section 9 will become additiona) debt of Borrower secured by this Security Instrument. These amounts may bear interest at the Note rate from the date of disbursement and will be payable, with such interest, upon notice from Lender to Borrower requesting payment. (d) leasehold Terms. If this Security Instrument is on a leaschold, Borrower will comply with all the provisions of the Icase. Borrower will not surrender the leaschold estaie and interests conveyed, or terminate or cancel the ground lease. Borrower will not, without the express written consent of Lender, alter or amend the ground lease. IF Borrower acquires fee title 10 the Property, the leaschold and the fee title will not merge unless Lender agrees to the merger in writing. 10. Assignment of Rents. (a) Assignment of Rents. If the Property is leased to, used by, or occupicd by a third party ("Tenant®), Borrower is unconditionally assigning and transferring to Lender any Rents, regardless of 1o whom the Rents are payable. Borrower authorizes Lender to collect the Rents, and agrees that cach Tenant will pay the Rents to Lender. However, Borrower will receive the Rents until (i) Lender has given Borrower notice of Default pursuant to Section 25, and (ii) Lender has given notice 10 the Tenant that the Rents are 10 be paid to Lender. This Section 10 constitutes an absolute assignment and not an assignment for additional security only. OREGON - Single Famity - UNIFORM INSTRUMENT (MERS) 7: DocMagic MOOIAED FOR DEPARTMENT OF VETERANS AFFAIRS 270228110800-15 200004 33-£D 0772021 Page 9 of 19 {d) MNotice of Defauht. If Lender gives motice of Default 1o Borrower: (i) all Rents received by Borrower must be held by Borrower as trustee for the benefit of Lender only, 1o be applicd 10 the sums sccured by the Security Imaument; (i) Lender will be entitled 1o cotlect and receive all of the Rents; (i) Borrower sgrees 1o Instruct each Teoant that Tenant js to pay all Rents due and unpaid to Lender upon Lender’s wrilten demand to the Tenant; (iv) Buorrower will ensure that each Tenant pays all Rents due 1o Lender and will 1ake whatever action is necessary to collect swch Rents if not paid to Lender; {v) unless Applicable Law provides otherwise, all Rents collected by Lender will be applied first 10 the costs of 1aking control of and managing the Property and collecting the Rents, including, bt not himited o, reasonable attorneys’ fees and costs, receiver's fees, premiums on receiver’s bonds, repair and maintcnance costy, insurance premiums, @nes, assessments, and other charges on the Property, and then 1o any other sums securcd by this Security Instrument; (vi) Lender, or any judicially appointed recelver, will be liable to account fur oaly those Rents actually reccived; and (vii) Lender will be entitled 10 have arecelver appointed to take possession of amd manage the Property and collect the Rents and profits derived from the Property without any showing as to the inadequacy of the Property as security. (¢) Funds Paid by Lender. Ifthe Rents are not sufTicient to cover the costs of taking control of and managing the Property and of collecting the Rents, any funds paid by Lender for such purposes will become indebtedness of Borrower 1o Lender secured by this Security Instrument pursuant to Section 9. {d) Limitstion on Collection of Rents. Borrower may not collect any of the Rents more than one month in advance of the time when the Rents become due, except for security or similar deposits. (e) No Other Assignment of Rents. Borrower represents, warrants, covenants, and agrees that Borrower has not signed any prior assignment of the Rents, will not make any further assignment of the Rents, and has not performed, and will not perform, any act that could prevent Lender from exercising its rights under this Security Instrument. (N Control and Maintenance of the Property. Unless required by Applicable Law, Lender, or a receiver appointed under Applicable Law, is not obligated to enter upon, take control of, or maintain the Property before or afier giving notice of Default 10 Borrower, However, Lender, or a receiver appoinied under Applicable Law, may do so a1 any time when Borrower is in Default, subject to Applicable Law, () Additional Provisions. Any application of the Rents will not cure or waive any Default or invalidate any other right or remedy of Lender. This Section 10 does not relieve Borrower of Borrower's obligations under Section 6. This Section 10 will terminate when all the sums secured by this Security Instrument are paid in full, 11. Assignment and Application of Miscellancous Proceeds; Forfeiture, {2) Assignment of Miscellancous Proceeds. Borsower is unconditionally assigning the right to receive all Miscellancous Procecds 1o Lender and agrees that such amounts will be paid to Lender, (b) Application of Miscellancous Proceeds upon Damage to Property. If the Property is damaged, any Miscellancous Proceeds will be applied 10 restoration or repair of the Property, if Lender deems the resloration or repair to be economically feasible and Lender's security will not be lessened by such restoration or repair. During such repair and restoration period, Lender will have the right to hold such Miscellaneous Proceeds untit Lender has had an opportunity 10 inspect the Property 1o ensure the work has been completed 10 Lender's satisfaction (which may include satisfying Lender’s minimum eligibility requirements for persons repairing the Property, including, but not limited 10, licensing. bond, and insurance requirements) provided that such inspection must be undertaken prompily. Lender may pay for the repairs and restoration in a single disbursement or in aseries of progress payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person repairing or restoring the Property, or payable jointly 1o both. Unless Lender and Borrower agree in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender will not be required to pay Borrower any interest or earnings on such Miscellancous Proceeds. If Lender deems the restoration or repair not to be economically feasible or Lender’s security would be lessened by such restoration or repair, the Miscellaneous OREGON - Single Family - UNIFORM INSTRUMBENT (MERS) %2 DocMagic MODRED FOR DEPARTMENT OF VETERANS AFFAIRS 2702389 10000-1 5260004 38-LD 012021 Page 10 of 19 IaRall Procends will be applied to the sums sevured by this Security Instrument, whether or not then due, with the excess, if any. paid to Borrower, Such Miscellancous Proceeds will be applied in the order that Partial Payments ase applied in Section 2(b). () Application of Miscellancous Proceeds upon Condemnation, Destruction, or Loxs in Value of the Property. In the event of a total taking, destruction, or losy in value of the Property, all of the Miscellancous Proceeds will be applied 10 the sums secured by this Security Instrument, whether of not then due, with the excess, if any, paid to Dorcower, In the event of a partia) taking. destruction, o loss in value of the Property (cach, 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, & percentage of the Miscellancous Proceeds will be applied to the sums sccured by this Security Instrument unless Borrower and Lender otherwise agree in writing. The amount of the Miscellancous 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 immediately before the Partial Devaluation, and dividing it by (i) the fair market value of the Property immediately before the Partial Devaluation. Any balance of the Miscellancous Proceeds will be paid to Borrower, In the event of a Partial Devaluation where the fair market value of the Property immediately before the Pantial Devaluation is less than the amount of the sums secured immediately before the Partial Devaluation, all of the Miscellancous Proceeds will be applied to the sums secured by this Security Instrument, whether or not the sums are then due, unless Borrower and Lender otherwise agree in writing. () Settlement of Claims. Lender is authorized to collect and apply the Miscellancous Procecds cither to the sums sccured by this Security Instrument, whether or not then due, or 1o restoration or repair of the Property, if Borrower (i) ahandons the Property, or (ii) fails to respond to Lender within 30 days after the date Lender notifies Borrower that the Opposing Party (as defined in the next sentence) offers to settle a claim for damages, "Opposing Party® means the third party that owes Borrower the Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to the Miscellancous Proceeds. (¢) Proceeding AfTecting Lender's Interest in the Property. Borrower will be in Default if any action or proceeding begins, whether civil or criminal, that, in Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a Default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender’s judgment, precludes forfeiture of the Property or other material impairment of Lender’s interest in the Property or rights under this Security Instrument. Borrower is unconditionally assigning to Lender the proceeds of any award or claim for damages that are atiributable to the impairment of Lender’ s interest in the Property, which proceeds will be paid to Lender. All Miscellancous Proceeds that are not applied 1o restoration or repair of the Property will be applied in the order that Partial Payments are applied in Section 2(b). . 12. Borrower Not Released; Forbearance by Lender Not a Waiver. Borrower or any Successor in Interest of Borrower will not be released from Jiability under this Security Instrument if Lender extends the time for payment or modifies the amortization of the sums secured by this Security Instrument. Lender will not be required to commence proceedings against any Successor in Interest of Borrower, or to refuse 1o exiend time for payment or otherwise modify amortization of the sums secured by this Security Instrument, by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities, or Successors in Interest of Borrower or in amounts less than the amount then due, will not be a waiver of, or preclude the exercise of, any right or remedy by Lender, 13. Joint and Severa! Liability; Signatories; Successors and Assigns Bound. Borrower’s obligations and liability under this Security Instrument will be joint and several. However, any Borrower who signs this Security OREGON - Single Family - UNIFORM INSTRUMENT [MERS) 7 DocMagic MOOIRED FOR DEPARTMENT OF VETERANS AFFAIRS 270226110800-1526080458-6D 0772021 Page 11 of 19 Imtrument but docs mt sign the Note: () signs this Security Instrument to morigage, grant, and convey such Ruoerower's interest in the Property under the tesmas of this Secunty Instrument; (b) signa this Security Instrument to want smy appinable inchoate rights such as dower and custesy and any svailable homestead exvemptions, (c) signs Qus Socurity Instrument 1 maaign amy MisceHancous Proceeds, Rents, or other earnings from the Property to Lender; {d) is ot personally oiligated 10 pay the sums due under the Note o this Security Insirument; and (¢) agrees that Lender and amy cther Borrower can agree to extend, modify, forbear, or make any accommodations with regard to the terms of the Note or this Security Instrument without such Borrower's consent and without affecting such Borrower' s obligations under this Security Instrument. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obhigations undet this Security Instrument in writing, and is approved by Lender, will obtain all of Borrower's rights, olNigations, and benefits under this Security Instrument. Borrower will not be released from Borrower’s obligations and liability under this Security Instrument unless Lender agrees to such release in writing. 14. Loan Charpes. (») Tax and Flood Determination Fees, Lender may sequire Borrower to pay (i) a one-time charge for areal estale tax verification and’or reporting service used by Lender In connection with this Loan, and (ii) either (A) a one-time charpe for flood 2one determination, certification, and tracking services, or (B) 8 onc-time charge for flood zone determination and certification services and subsequent charges cach time remappings or similar changes occur that reasonably might affect such determination or certification. Bortower will also be responsible for the payment of any fees imposed by the Federa! Emergency Management Agency, of any successor agency, at any time during the Loan term, in connection with any flood zone determinations. (b) Default Charges. If permitted under Applicable Law, Lender may charge Borrower fees for services performed in connection with Borrower's Default to protect Lender's interest in the Property and rights under this Security Instrument, including: (i) reasonable attorneys® fees and costs; (i) property inspection, valuation, mediation, and loss mitigation fees; and (ili) other related fecs. (¢) Permissibility of Fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower should not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law., {(d) Savings Qlause. If Applicable Law scts maximum loan charges, and that Jaw is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then (i) any such loan charge will be reduced by the amount necessary 1o reduce the charge to the permitted limit, and (ii) any sums alrcady collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose 1o make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If arefund reduces principal, the reduction wil) be treated as a partial prepayment without any prepayment charge (whether or not & prepayment charge is provided for under the Note). To the extent permitted by Applicable Law, Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices; Borrower's Physical Address. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. (a) Notices to Borrower. Unless Applicable Law requires a different method, any written notice to Borrower in connection with this Security Instrument will be deemed to have been given 10 Borrower when (i) mailed by first class mail, or (ii) actually delivered to Borrower's Notice Address (as defined in Section 15(c) below) if sent by means other than first class mail or Electronic Communication (as defined in Section 15(b) below). Notice 10 any one Borrower will constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. If any notice to Borrower required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. (b) Electronic Notice 1o Borrower. Unless another delivery method is required by Applicable Law, Lender may provide notice 1o Borrower by e-mail or other electronic communication (Electronic Communication™) if: (i) OREGON - Sgle Family - UNIFORM INSTRUMENT (MERS) 7 DocMagic MODINED FOR DEPARTMENT OF VETERANS AFFAIRS 2702261 10000-1 5260804 .30 0712021 Page 12 of 19 [ agreed 10 by 1 ender and lorrower In writing: (1) Dorrower has provided Lender with Borrower's e-mail of other electronic address ("L lectronlc Address®); (ill) Lender provides Borrower with the option 10 receive notices by first claws mail or by other non-Flectronie Communkcation Instead of by Electronic Communlication; and (iv) Lender otherwise complies with Applicable Law. Any notlce to Borrower sent by Electronie Communication in connection with this Secutity 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 fs not delivered, Lender will resend such communication 10 Borrower by first class mail or by other non-Electronic Communication. Borrower may withdraw the agreement 1o receive Electronic Communications from Lender a1 any time by providing written notice to Lender of Borrower’s withdrawal of such agreement. () Borrower's Notice Address. The address 1o which Lender will send Borrower notice ("Notice Address”) will be the Property Address unless Borrower has designated a different address by wrilten notice to Lender, If Lender and Borrower have agreed that notice may be given by Electronic Communlcation, then Borrower may designate an Electronic Address as Notice Address, Borrower will promptly notify Lender of Borrower's change of Notice Address, including any changes to Borrower's Electronic Address if designated as Notice Address. If Lender specifies aprocedure for reporting Borrower’s change of Notice Address, then Borrower will report a change of Notice Address only through that specified procedure. (d) Notices to Lender. Any notice to Lender will be given by delivering it or by mailing it by first class mail 10 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 10 have been given 10 Lender only when actually received by Lender at Lender’s designated address (which may include an Electronic Address). If any notice to Lender required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. (¢) Borrower's Physical Address. Inaddition 1o 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, 16. Governing Law; Severability; Rules of Construction, This Sccurity Instrument is governed by federal law and the law of the State of Oregon. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. If any provision of this Security Instrument or the Note conflicts with Applicable Law (i) such conflict will not affect other provisions of this Security Instrument or the Note that can be given effect without the conflicting provision, and (ii) such conflicting provision, to the extent possible, will be considered modified 10 comply with Applicable Law, Applicable Law might explicitly or implicitly allow the parties t0 agree by contract or it might be silent, but such silence should not be construed as a prohibition against agreement by contract. Any action required under this Security Instrument to be made in accordance with Applicable Law is to be made in accordance with the Applicable Law in effect at the time the action is undertaken. As used in this Security Instrument: (a) words in the singular will mean and include the plural and vice versa, (b) the word "may” gives sole discretion without any obligation to take any action; (c) any reference to "Section® in this document refers to Sections contained in this Security Instrument unless otherwise noted; and (d) the headings and captions are inserted for convenience of reference and do not define, limit, or describe the scope or intent of this Security Instrument or any particular Section, paragraph, or provision. 17. Borrower's Copy. One Borrower will be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property; Acceleration; Assumption. This loan may be declared immediately dueand payable upon transfer of the property securing such loan to any transferee, unless the acceptability of the assumption of the loan is established pursuant to Section 3714 of Chapter 37, Title 38, United States Code, The acceptability of any assumption shall also be subject to the following additional provisions: (s) Funding Fee: A fee equal to one-half of 1 percent of the balance of this loan as of the date of transfer of the property shall be payable at the time of transfer to the loan holder or its authorized OREGON - Single Family - UNIFORM INSTRUMENT (MERS) 7 DocMagic MODIAIED FOR DEPARTMENT OF VETERANS AFFAIRS 270228110800-1526080438-4D 0772029 Page 13 of 19 agent, a3 trustee for the Department of Veterans Affalry, I the assumer alls to pay this fee ot the time of tramfer, the fee shall constitute an additional debt to that already secured by this Instrumemt, shall bear interest at the rate hereln provided, and at the option of the payee of the Indebtedness herehy secured or any transferee thereof, shall be Immediately due and payshbie. This fee s sutomatically waived if the avsumer Is exempt under the provisions of 38 U.S.C. 372%(¢). (b) Processing Charge: Upon application for approval to sllow assumption of this loan, » processing fee may be charged by the loan holder or H authorized agent for determining the creditworthiness of the avumer and subsequently revising the holder's ownership records when an spproved transfer Is completed. The amount of this charge shall not exceed the masimum established by the Department of Veterans Affairs for a loan to which Section 3714 of Chapter 37, Title 38, United States Code applies. {c) Indemnity Liability Assumption: I this obligation {3 assumed, then the mssumer hereby agrees to assume all of the obligations of the veteran under the terms of the instruments cresting and securing the loan. The assumer further agrees to indemnify the Department of Veterans Affalrs to the extent of any claim payment arlsing from the guaranty or insurance of the Indebtedness crested by this instrument. 11 the ncceptability of the assumption of this loan is not established for any reason, and Lender cxercises its option to declare all sums secured by this Security Instrument immediately due and payable, Lender shall give Borrower notice of acceleration. The notice shall provide » period of not less than 30 days from the date the notice ks given in accordance with Section 1S within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate the Loan after Acceleration. If Borrower meets ceriain conditions, Borrower will have the right to reinstate the Loan and have enforcement of this Security Instrument discontinued at any time up to the later of (a) five days before any foreclosure sale of the Property, or (b) such other period as Applicable Law might specify for the termination of Borrower’ s right to reinstate. This right to reinstate will not apply in the case of acceleration under Section 18. To reinstate the Loan, Borrower must satisfy all of the following conditions: (aa) pay Lender all sums that then would be due under this Security Instrument and the Note as if no acceleration had occurred; (bb) cure any Default of any other covenants or agreements under this Security Instrument or the Note; (cc) pay all expenses incurred in enforcing this Security Instrument or the Note, including, but not limited to: (i) reasonable attorneys' fees and costs; (ii) property inspection and valuation fees; and (iil) other fees incurred to protect Lender’s interest in the Property and/or rights under this Security Instrument or the Note; and (dd) take such action as Lender may reasonably require to assure that Lender’'s interest in the Property and/or rights under this Security Instrument or the Note, and Borrower's obligation to pay the sums secured by this Security Instrument or the Note, will continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in onc or more of the following forms, as selected by Lender: (2aa) cash; (bbb) moncey order; (ccc) certified check, bank check, treasurer’s check, or cashier's cheek, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federa) agency, instrumentality, or entity; or (ddd) Electronic Fund Transfer. Upon Borrower's reinstatement of the Loan, this Security Instrument and obligations secured by this Security Instrument will remain fully effective as if no acceleration had occurred. 20. 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 Sccurity Instrument will convey to Lender's successors and assigns. 21. Loan Servicer. Lender may take any action permitled under this Security Instrument through the Loan Servicer or another authorized representative, such as a sub-servicer. Borrower understands that the Loan Servicer or other authorized representative of Lender has the right and authority to take any such action. OREGON - Single Family - UNIFORM INSTRUMENT (MERS) 7: DocMagic MODIRED FOR DEPARTMENT OF VETERANS AFFAIRS 270224110000-152600045840 0772021 Page 14 of 19 A The Loan Servicer may change one or more times duting the teem of the Note. The Loan Servicer may or may not be the hotder of the Note. The Loan Servicer has the right and suthority 10; (s) collect Periodic Payments and any other amounts due under the Note and this Security Instrument; (b) pesform any other mortgage loan servicing obligations; and (¢) exercise any rights under the Note, this Security Instrument, and Applicable Law on behalf of Lender. M there Is a change of the Loan Servicer, Borrower will be given written notice of the change which will siate the name and address of the new Loan Servicer, the address 1o which payments should be made, and any other information RESPA requires in connection with & notice of transfer of servicing. 22. Notice of Grievance. Until Borrower or Lender has natified the other party (in accordance with Section 15) of an alleged breach and afforded the other party s rcasonable period after the giving of such notice 10 take corrective action, neither Bocrower nor Lender may commence, join, or be Joined 1o any judicial action (either as an individual litigant or a member of & class) that (a) arises from the other party’s actions pursuant to this Security Instrument or the Note, or (b) alleges that the other party has breached any provision of this Security Instrument or the Note. If Applicable Law provides a time period that must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this Section 22. The notice of Default given to Borrower pursuant 10 Section 25(a) and the notice of acceleration given 1o Borrower pursuant 1o Section 18 will be deemed to satisfy the notice and opportunity 1o take corrective action provisions of this Section 22, 2). azardous Substances. (2) Definitions. As used in this Section 23: (1) “Environmental Law™ means any Applicable Laws where the Property is located that relate to health, safety, or environmental protection; (ii) "Hazardous Substances”® include (A) those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law, and (B) the following substances: gasoline, herosene, other Mammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materisls containing asbestos or formaldehyde, corrosive materials or agents, and radioactive materials; (iii) *Environmenta) Clcanup” includes any response action, remedial action, of removal action, as defined in Environmental Law; and (iv) an "Environmental Condition™ means a condition thai can cause, contribute 10, 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 Substances, or threaten lo release any Hazardous Substances, on or in the Property. Borrower will not do, nor allow anyone else to do, anything affecting the Property that: (i) violates Environmental Law; (ii) creates an Environmental Condition; or (iii) due 1o 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 10 maintenance of the Property (including, but not limited to, hazardous substances in consumer products). (¢) Notices; Remedial Actions. Borrower will promptly give Lender written notice of: (i) any investigation, claim, demand, lawsuit, or other action by any governmental or regulatory agency of private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge; (i) any Environmental Condition, including but not limited to, any spilling, leaking, discharge, release, or threat of release of any Hazardous Substance; and (iii) any condition caused by the presence, use, or release of a Hazardous Substance that adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower will promptly take all necessary remedial actions in accordance with Environmental Law. Nothing in this Security Instrument will create any obligation on Lender for an Environmental Cleanup. 24. Electronic Note Signed with Borrower's Electronic Signature. If the Note evidencing the debt for this Loan is electronic, Borrower acknowledges and represents to Lender that Borrower: (a) expressly consented and intended 10 sign the electronic Note using an Electronic Signature adopted by Borrower ("Borrower's Electronic Signature™) instead of signing a paper Note with Borrower's written pen and ink signature; (b) did not withdraw Borrower's express consent to sign the electronic Note using Borrower’s Electronic Signature; (c) understood 1hat by OREGON - Family - UNIFORM INSTRUMENT (MERS) % DocMagic MODIRED DEPARTMENT OF VETERANS AFFAIRS 270226110800-1 52608045040 0772021 Page 15 of 19 B Al signing the elevtronk Note using Borrower’ s U lectronic Signature, Botrower promised to pay the debt evidenced by the elevtronie Note in accordance with s terms; and {d) signed the electronic Note with Dorrower's Electronic Signature with the intent amd understanding that by doing 8o, Borrower promised 10 pay the debt evidenced by the clectromic Note in accordance with its terms, NON-UNIFORM COVENANTS. Dorrower and Lender further covenant and agree as follows: 28 Acccleration: Remedies (a) Notice of Default. Lender will pive a notice of Default 1o Borrower prior to acceleration following Borrower’s Default, except that such notice of Default will not be sent when Lender exercises its right under Section 18 unless Applicable Law provides otherwise. The notice will specify, in addition 10 any other information required by Applicable Law: (i) the Default; (ii) the action required to cure the Default; (iii) a date, not less than 30 days (or as otherwise specified by Applicable Law) from the date the notice is given to Borrower, by which the Default must be curad: (iv) that failure to cure the Default on or before the date specified in the notice may result in acceleration of the sums sccured by this Security Instrument and sale of the Property; (v) Borrower’s right lo reinstate after acceleration; and (Vi) Borrower’s right to bring a court action to deny the existence of a Default or to assert any other defense of Borrower to acceleration and sale. (b) Acceleration; Power of Sale; Expenses. If the Default is not cured on or before the date specified In the notice, Lender may require immediate payment in full of all sums sccured by this Security Instrument without further demand and may invole the power of sale and any other remedies permitted by Applicable Law, Lender will be entitled 10 collect all expenses incurred in pursuing the remedies provided in this Section 25, including, but not limited to: (i) reasonable anomeys' fecs and/or trustees’ fees and costs and other fees and costs assoclated with the enforcement of this Security Instrument, including but not limited to, foreclosure trustee’s and sheriff' s fees and costs, and title costs; (i3) property inspection and valuation fees; and (iii) other fees incurred unless prohibited by Applicable Law for the purpose of protecting Lender's interest in the Property and/or rights under this Security Instrument, (¢) Notice of Sale: Sale of Property. IfLender invokes the power of sale, Lender will execute or cause Trustee 10 execute a writlen notice of the occurrence of an event of Default and of Lender’s election to cause the Property to be sold and will cause such notice 10 be recorded in each county in which any part of the Property is located. Lender or Trustee will give notice of sale in the manner prescribed by Applicable Law to Borrower and 10 other required recipients. At a time permitted by, and in accordance with, Applicable Law, Trustee, without further demand on Borrower, will sell the Property at public auction to the highest bidder at the time and place and under the 1erms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale, Lender or its designee may purchase the Property sl any sale. (d) Trustee's Deed; Proceeds of Sale. Trustee will deliver to the purchaser a Trustee’s deed conveying the Property without any covenant or warranty, expressed or implied. The recitals in the Trustee's deed will be prima facie evidence of the truth of the statements made in that decd. Trustee will apply the proceceds of the sale in the following order, or as otherwise required by Applicable Law: (i) to all expenses of the sale, including, but not limited to, reasonable Trustee’s and reasonable attorneys’ fees and costs; (i) to all sums secured by this Security Instrument; and (3ii) any excess to the person or persons legally entitled to it. 26. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender will request Trustee 1o reconvey the Property and will surrender this Security Instrument and all Notes evidencing the debt secured by this Security Instrument to Trustee. Upon such request, Trustee will reconvey the Property without warranty 1o the person or persons legally entitled to iL 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 permitied under Applicable Law. OREGON - Single Family - UNIFORM INSTRUMENT {(MERS) % DocMagic MOORED FOR DEPARTMENT OF VETERANS AFFAIRS 0772024 Page 16 of 19 BB il 2701261 10800-15 260004 58- £D 27, Substitute Trustee. Lender may, from time 1o time, by liself or through the Loan Servicer, or any other duly appointed agem of nominee of Lender, remove Trustee and appoint & successor trustee 1o any Trustee appointed under this Security Instrument. Without convey ance of the Property, the successor trustee will succeed 1o all the title, power, and duties conferred upon Trustee in this Securlty Instrument and by Applicable Law. 28, Antorneys’ and Others' Fees. Lender will be entitled to recover its reasonable antorneys’ and/or foreclosure tnntees’ fees and costs in any action of proceeding to construe or enforce any term of this Security Instrument unless peohidited or restricted by Applicable Law. The term "attorneys’ fees,® whenever used in this Security Instrument, includes without imltation anorneys’ fees incurred by Lender in any bankruptcy or appellate proceeding. 9. Protective Advances. This Security Instrument sccures any advances Lender, at its discretion, may make under Section 9 10 protect Lender’s interest in the Propesty and rights under this Security Instrument. 30. Required Esiidence of Property Insurance. WARNING Unless Borrower provides Lender with evidence of the insurance coverage as required by this contract or loan agreement, Lender may purchase insurance at Borrower’s expense to protect Lender’s interest. This insurance may, but need ne, also protect Borrower’ s interest. If the collateral becomes damaged, the coverage Lender purchases may not pay any claim Borrower makes or any claim made against Borrower. Borrower may later cancel this coverage by providing evidence that Borrower has obtained property coverage clsewhere, Borrower is responsible for the cost of any insurance purchased by Lender. The cost of this insurance may be added 10 this contract or Borrower's loan balance. If the cost is added to this contract or Borrower's loan balance, the interest rate on the underlying contract or loan will apply to this added amount. The effective date of coverage may be the date Borrower's prior coverage lapsed or the date Borrower failed to provide proof of coverage. The coverage Lender purchases may be considerably more expensive than insurance Borrower can obtain on their own and may not satisfy any need for property damage coverage or any mandatory liability insurance requirements imposed by Applicable Law, [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] OREGON - Single Family - UNIFORM INSTRUMENT (MERS) % DocMagic MCDOII;IE) FOR DEPARTMENT OF VETERANS AFFAIRS 270226110800-1 52608045840 0772029 Page 17 of 19 G | NOTICE TO BORROWER Department of Veterans Affairs reguistions st 38 C,F.R. 36.4337 provide as follows: "Regulations fvsued under 38 U,S.C. Chapter 37 and In effect on the date of any loan which Is submitted snd accepted or approved for 3 guaranty or for insurance thercunder, shall govern the rights, duties, and labilities of the parties to such loan and any provisions of the loan Instruments Inconsistent with such regulations are hereby amended and supplemented to conform thereto.” BY SIGNING BELOW, Borrower accepts and agrees to the 1erms and covenants contained in this Security Instrument and in any Rider signed by Borrower and recorded with it I DREGON - Single Family - UNIFORM INSTRUMENT (MERS) % DocMaglc MODIFIED FOR DEPARTMENT OF VETERANS AFFAIRS 20126110000 15260008 0772021 Page 18 of 19 ERERE Al P [Space Beiow Thus Line For Acknowledgment) State of OEE‘iQN County of MQJUMB{# This record was schnowledged before me on 57 22 2.@4‘0— (dsie) by ELIZABETH K ARUJA (namets) of mdrviduaks)) OFFICIAL SEAL NOTARY PUBLIC - ORECON COMMISSION #1043082 (Hgnature ot MY COMMSSION EXP, NOVEMBER 27, 2027 {Title, e.g., ‘ig? gublic - State ol‘Orcga) My commission expires: AJ@LQ,Z,&OQZ (STAMP if required) £33n Branator Giaal arron. Eatraoss Moans 112 A KK 1D 2025962 OREGON - Single Family - UNIFORM INSTRUMENT (MERS) 72 DocMagic MODIAED FOR DEPARTMENT OF VETERANS AFFAIRS 270226110800- 15260804 $0-£0 07,2024 Page 19 of 19 LA LM File No.: 1060222 Page 6 EXHIBIT “A” LEGAL DESCRIPTION PARCEL 1: Lots 6 and 7 of Harriman Park, according to the official plat thereof on file in the office of the County Clerk, Klamath County, Oregon. PARCEL 2: Lot 8 of Harriman Park, according to the official plat thereof on file in the office of the County Clerk, Klamath County, Oregon. PARCEL 3: A tract of land situated in Tract A of Harriman Park, in the County of Klamath, State of Oregon, more particularly described as follows: Beginning at the Southwest corner of Lot 8 of said Harriman Park, thence South 01°48'00" East, along the Southerly extension of the Westerly line of said Lot 8 to the Northerly line of the artificial (constructed) waterway described in Deed Volume M66, page 8802 of the Klamath County Deed Records; thence Northeasterly along said Northerly line of said waterway to the Southwesterly corner of that tract of land described in Deed Volume M69, page 8007 of said deed records; thence North 38°56'40" East along the Westerly line of said Tract of Land (M69, page 8007) 149.23 feet; thence North 04°40'00" West 20 feet to the Northerly line of a 20 foot private road; thence Easterly along said Northerly line to the Southwesterly right of way line of Dugout Lane; thence North 39°46' West along said right of way line to the Southeasterly corner of Lot 6 of said Harriman Park; thence South 88°12' West along the Southerly lines of Lots 6, 7 and 8 of said Harriman Park to the point of beginning. PARCEL 4: All that portion of Tract A of Harriman Park according to the official plat thereof on file in the office of the County Clerk, Klamath County, Oregon, more particularly described as follows: Beginning at a point in the Easterly right of way line of Dugout Lane, which is the most Southerly corner of Lot 3 of said Harriman Park and is marked with a 1/2" IP; thence South 50°14' West a distance of 50 feet to the Westerly right of way line of Dugout lane; thence South 39°46' East along said right of way line 85.5 feet to the true point of beginning of this description; thence South 88°37'00" West 144.80 feet; thence South 85°20'00" West 154 feet; thence North 04°00'00" West 20 feet to the North line of a 20 foot private road; thence North 85°20'00" East 154 feet more or less; thence North 88°37'00" East 144.80 feet more or less to the Westerly right of way line of Dugout Lane; thence South 39°46'00" East to the point of beginning. MIN 101844310013291008 Loan Number. 1528080458 MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. RIDER (MERS Rider) THIS MORTUGAGL FELECTRONIC REGISTRATION SYSIEMS, INC. RIDER ("MERS Rider®) s made this 27th day of February, 2028 » and Is incorporsted into and amends and supplements the Deed of Trust or Morigage Deed (the *Security Instrument”) of the same date given by the undersigned (the " Dorrower, * whether there are one or more persons undersigned) 1o secure Borrower’ s Note 1o Extreme Loans LLC {("Lender™) of the same date and covering the Property described in the Security Instrument, which Is Jocated at: 27233 ROCKY POINT RD, KLAMATH FALLS, OREGON 87601 (Property Address) In addition to the representations, warranties, covenants, and agreements made in the Security Instrument, Borrower and Lender further covenant and agree that the Security Instrument is amended as follows: A. DEFINITIONS I. The DEFINITIONS section of the Securily Instrument is amended as follows: “Lender™is Extreme Loans LLC Lender isa CORPORATION organized and existing under the laws of MICHIGAN . Lender’'s address is 29444 Northwestern Highway Suite 100, Southfield, Michigan 48034 Lendet s the bencficiary under this Security Instrument. The term "Lender” includes any successors and assigns of Lender. "MERS" is Morigage Electronic Registration Systems, Inc. MERS is a separate corporation that is the Nominee for Lender and is acting solely for Lender, MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, M1 485012026, tel. (888) 679-MERS. MERS is appointed as the Nomince for Lender 1o exercise the rights, duties and obligations of Lender as Lender may from time to time direct, including but not limited to appointing a successor trustee, assigning, or releasing, in whole or in part this Security Instrument, 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 10 and bind MERS, its successors and assigns, as well as Lender, until MERS' Nominec intcrest is terminated. 2. The DEFINITIONS section of the Security Instrument is further amended 10 add the following definition; *Nomince" means one designated to act for another as its representative for a limited purpose. Foanie Magbrode Ve LRIFORM INSTRUMENT 2 DocMagic L] C MODIRED INSTRUMENT FOR DEPARTMENT OF VETERANS AFFAIRS 10281 10800.1524080453-4D Form 3188 0772021 Page 3 of 4 IRl 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 (if) the performance of Borrower’ s covenants and agreements under this Security Instrument and the Note, For this purpose, Borrower frrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of KLAMATH [Type of Recording Jurisdiction) [Name of Recording Jurisdiction) See Altached A.PN' 3608003AA-04500 which currently has the address of 27233 ROCKY POINT RD [Street) KLAMATH FALLS OREGON 87601 ("Property Address”): [City] [State] [Zip Code) TOGETHER WITH all the improvements now or subsequently erected on the property, including replacements and additions to the improvements on such property, all property rights, including, without limitation, all easements, appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights, and fixtures now or subsequently a part of the property, All of the foregoing is referred 10 in this Security Instrument as the "Property.” Lender, as the beneficiary under this Security Instrument, designates MERS as the Nominec for Lender, Any notice required by Applicable Law or this Security Instrument to be served on Lender must be served on MERS as the designaled Nominee for Lender. Borrower understands and agrees that MERS, as the designated Nominee for Lender, has the right to exercise any or all interests granied by Borrower to Lender, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, assigning and releasing this Security Instrument, and substituting a SUCCESSOr trusiee. C. NOTICES; BORROWER'S PHYSICAL ADDRESS Section |5 of the Security Instrument is amended 1o read as follows: 15. Notices; Borrower's Physical Address. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. MERS RIDER - Single Fam %‘(OocMaqlc Fannie Maa/Fredcie Mac UNIFORM INSTRUMENT 1023611080015 ey MOOIFIED INSTRUMENT FOR DEPARTMENT OF VETERANS AFFAIRS 26004 Form 3158 07/2021 Page 20 4 Brthbdne.dd . (») Notices to Borrower. Unless Apphcable Law requires a diflerent method, any wiritten notice fo torrower in oanection with thiy Security Instrument will be deemed to have been given to Borrower when (i) marked by first class mail, or (ii) actually delivered to Borrower's Notice Address (as defined in Section 18(c) delow ) if sent by means other than first class mail or Electronic Communication (as defined in Seciion 14b) below). Notive to any one Borrower will constilute notice to o)l Borrowers unless Applicable Law expressly requires otherwise, 1fany notice 1o Borrower required by this Security Instrument Is also required umder Applicable Law, the Applicoble Law requirement will satisfy the corresponding requirement under this Security Instrument. (b) Elecironic Notice to Borrower. Unless another delivery method is required by Applicable Law, Lender may provide notice 1o Borrower by e-mail or other clectronic communication ("Electronic Communication™) if: (i) agreed 10 by Lender and Borrower in writing: (ii) Borrower has provided Lender with Botrower’'s o-mail or other electronic address ("Elecironic Address™), (ili) Lender provides Borrower with the option to receive nolices 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 bocomes aware that any notice sent by Electronic Communication is not delivered, Lender will resend such communication to Borrower by first class mail or by other non-Electronic Communication. Borrower may withdraw the agreement to receive Electronic Communications from Lender at any time by providing written notice to Lender of Borrower's withdrawal of such agreement. (¢) Borrower's Notice Address, The address 1o which Lender will send Borrower notice (“Notice Address”™) will be the Property Address unless Borrower has designated a difTerent address by written notice 10 Lender, 1f Lender and Borrow er 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 a procedure for reponting Borrower's change of Notice Address, then Borrower will report a change of Notice Address only through that specified procedure. (d) Notices to Lender. Any notice to Lender will be given by delivering it or by mailing it by first class mail to Lender' s address stated in this Security Instrument unless Lender has designated another address {(including an Electronic Address) by notice 10 Borrower. Any notice in connection with this Security Instrument will be deemed 10 have been given to Lender only when actually received by Lender at Lender’s designated address (which may include an Electronic Address). 1f any notice to Lender required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. Borrower acknow ledges that any notice Borrower provides to Lender must also be provided 1o MERS as Nominee for Lender until MERS' Nomince 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. MERS RIDER - Singte Famil *DOCHaqic Farvwe Mae/Fraddie Mac UNIFORM INSTRUMENT MOCIFIED INSTRUMENT FOR DEPARTMENT OF VETERANS AFFAIRS 2702241 10800-15 1608045840 Form 3158 0772021 Page 3 of 4 [l D. SALE OF NOTE Section 20 of the Security Instrument is amended to read as follows: 30. Sale of Note. The Note or » partlal Interest in the Note, together with this Security Instrumen, may be sold or otherwise transferred one or more times, Upon such a sale or other transfer, all of Lender's rights and obligations under this Security Instrument will convey to Lender's successors and assigns. Lender acknowledges that until It directs MERS to assign MERS's Nominee interest in this Security Instrument, MERS remains the Nominee for Lender, with the suthority to exercise the rights of Lender. E. SUBSTITUTE TRUSTEE Section 27 of the Security Instrument is amended to read as follows: 27. Substitute Trustee. 1n sccordance with Applicable Law, Lender or MERS may from time totime RPpOINt & successor trustee 1o 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 accepls and agrees to the terms and covenants contained in this MERS Rider. (Scal) gl H K ARV -Borrower MERS RIDER - Single Famil X Dokt Fannse Mae/Fredde Mac UNIFORM INSTRUMENT a9 MODIFIED INSTRUMENT FOR DEPARTMENT OF VETERANS AFFAIRS 270218110800-15 260043840 Form 3158 07/2021 Page 4 of 4 [l - _—-_’_____—-——__ e——— ., . e ———— - Case Number: 48-43-8.0587622 Loan Number. 1528080458 VA ASSUMPTION POLICY RIDER THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. THIS ASSUMPTION POLICY RIDER is made this 27th day of February, 2026 . and is incorporated into and shall be deemed 10 amend and supplement the Mortgage, Deed of Trust, or Deed 10 Secure Ded ("Instrument®) of the same date herewith, given by the undersigned (" Borrower”) 1o secure the Borrower's Note (*Note®) of the same date to Extreme Loans LLC (the "Lender”) and covering the property described in the Instrument and located at: 27233 ROCKY POINT RD, KLAMATH FALLS, OREGON 97601 (Property Address) Norwithstanding anything to the contrary set forth in the Instrument, Borrower and Lender hereby acknowledges and agrees 10 the following: GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount within 60 days from the date that this loan would normally become eligible for such guaranty committed upon by the Department of Veterans Affairs under the provisions of Title 38 of the U.S. Code "Veterans Benefits”, the Mortgagee may declare the indebtedness hereby secured at once due and payable and may foreclose immediaicly or may exercise any otber rights hereunder or 1ake any other proper action as by law provided. TRANSFER OF THE PROPERTY: If all or any part of the Property or any interest in it is sold or transferred, this loan shall be immediately due and payable upon transfer ("assumption®) of the property securing such loan 10 any transferee ("assumer® ), unless the acceptability of the assumption and transfer of this loan is established by the Department of Veterans AfTairs or its authorized agent pursuant to section 3714 of Chapter 37, Title 38, United States Code. An authorized transfer {"assumption®) of the property shall also be subject to additional covenants and agreements as set forth below: VA ASSUMPTION POLICY RIDER % DocMag VAPRROR 0¥10/20 Page 1 of 2 zmxnm’:ums?:g GRS | (A) ASSUMPTION FUNDING FEE: A fee equal to one-half of | percent (.50%) of the unpaid principal balance of this Joan as of the date of ransfer of the property shal) be payable at the time of ransfer to the koan holder of its suthorized agenl, as trusice fir the Secretary of Veterans AfTairs. [ the assumer fails to pay this foe at the time of transfer, the fee shall comtitute an additional debt 10 that already secured by this instrument, shall bear interest at the rate herein provided, and, st the option of the payce of the indebledness hereby secured or any transferee thereol, shall be immediately due and payable. This fee is automatically waived if the assumer fs exempt under the provisions of 38 U.S.C. 3729(c). (B} ASSUMPTION PROCESSING CHARGE: Upon application for approval to allow ssumptons and transfor of this loan, a processing fee may be charged by the loan holder or its suthorized agen for determining the creditworthiness of the assumer and subsequently revising the holder’s ownership records when an approved transfer is completed. The amount of this charge shall not exceed the maximum cstablished by the Department of Veterans Affairs for a loan to which section 3714 of Chapter 37, Title 38, United States Code applies. {C) ASSUMPTION INDEMNITY UABILITY: Ifthis obligation is assumed, then the assumer hereby sgrees 10 sssume all of the obligations of the veteran under the terms of the instruments creating and securing the Joan, including the oMigation of the veteran 1o indemnify the Department of Veterans AfTairs to the extent of any claim payment arising from the guaranty or insurance of the indebtedness created by this instrument. IN WTTNESS WHEREOF, Borrower(s) has executed this Assumption Policy Rider. VA ASSUMPTION POLICY RIDER 2% DocMagi VAPRROR 0310720 Page 2 of 2 % DocMagic [ | 270226110000-1526080458-£D