2026-004029 Klamath County, Oregon 05/07/2026 08:53:02 AM Fee: $127.00 Until A Change Is Requested All Tax Statements Shall Be Sent To The Following Address: James D Forrester 33535 Malin Loop Rd Malin, OR 97632 When Recorded Mail To: Radian Settlement Services 1000 GSK Drive Suite 210 Coraopolis, PA 15108 Tax Account Number: 109518 True And Actual Consideration Is: $86,854.00 [Space Above this Line for Recording Data] Instrument: Deed of Trust Dated: April 30, 2026 Brief description of the land: 109518 Borrower/Grantor: James D Forrester and Angelee Nicole Forrester Borrower's/Grantor's Address: 33535 Malin Loop Rd, Malin, OR 97632 and 33535 Malin Loop Rd, Malin, OR 97632 Grantee (Beneficiary): U.S. Bank National Association Grantee (Beneficiary) Address: 9380 Excelsior Blvd, Hopkins, MIN 55343 Trustee: U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION Trustee Address: 111 SW Fifth Avenue, Portland, OR 97204 3490076074 Deed Of Trust Closed End-OR © 2025 Wolters Kluwer Financial Services, Inc. 1212025 Al rights reserved. 2026042826.1.0.6422-J20251222Y Page 1 of 9 il | Deed of Trust The date of this Deed of Trust (“Security Instrument”) is April 30, 2026. Grantor Trustee JAMES D FORRESTER AND ANGELEE U.S. BANK TRUST COMPANY, NATIONAL NICOLE FORRESTER, A MARRIED COUPLE ASSOCIATION 33535 Malin Loop Rd 111 SW Fifth Avenue Malin, OR 97632 Portland, OR 97204 Lender U.S. Bank National Association Organized and existing under the laws of the United States of America 9380 Excelsior Blvd Hopkins, MN 55343 “Lender” is the beneficiary under this Security Instrument. 1. Conveyance. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Grantor's performance under this Security Instrument, Grantor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following described property: THE FOLLOWING DESCRIBED REAL PROPERTY SITUATED IN THE CITY OF MALIN, COUNTY OF KLAMATH, STATE OF OREGON, DESCRIBED AS: PARCEL 1 OF LP 12-14, BEING A REPLAT OF PARCEL 1 AND PARCEL 2 OF LAND PARTITION 33-82 ALONG WITH OTHER PROPERTY SITUATED IN THE N1/2 NW1/4 OF SECTION 11 AND THE E1/2 SW1/4 OF SECTION 2, TOWNSHIP 41 SOUTH, RANGE 12 E.WM., KLAMATH COUNTY, OREGON. The property is located in Klamath County at 33535 Malin Loop Rd, Malin, Oregon 97632. Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as “Property™). 2. Maximum Obligation Limit. The total principal amount secured by this Security Instrument at any one time shall not exceed $86,854.00. This limitation of amount does not include interest and other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instrument to protect Lender's security and to perform any of the covenants contained in this Security Instrument. 3. Secured Debt. The term “Secured Debt” is defined as follows: (A) Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other evidence of debt described below and all their extensions, renewals, refinancings, modifications or substitutions. The promissory note signed by James D Forrester (the “Borrower”) and dated the same date as this Security Instrument (the “Note ). The Note states that Borrower owes Lender Eighty six thousand eight hundred fifty-four and 00/100 Dollars (U.S. $86,854.00) plus interest. Borrower has promised to pay this debt in regular periodic payments and to pay the debt in full not later than May 9, 2041. (B) All additional sums advanced and expenses incurred by Lender for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Lender under the terms of this Security Instrument. 4. Payments. Grantor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Secured Debt and this Security Instrument. 5. Warranty of Title. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by this Security Instrument and has the right to irrevocably grant, convey and sell 3490076074 Deed Of Trust Closed End-OR © 2025 Wolters Kluwer Financial Services, Inc. 12/2025 All rights reserved. 2026042826.1.0.6422-J20251222Y Page 2 of 9 Lt the Property to Trustee, in trust, with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of record. 6. Prior Security Interests. With regard to any other mortgage, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property, Grantor agrees: (A) To make all payments when due and to perform or comply with all covenants. (B) To promptly deliver to Lender any notices that Grantor receives from the holder. (C) Not to allow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien document without Lender's prior written consent. 7. Claims Against Title. Grantor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Lender may require Grantor to provide to Lender copies of all notices that such amounts are due and the receipts evidencing Grantor's payment. Grantor will defend title to the Property against any claims that would impair the lien of this Security Instrument. Grantor agrees to assign to Lender, as requested by Lender, any rights, claims or defenses Grantor may have against parties who supply labor or materials to maintain or improve the Property. 8. Due on Sale or Encumbrance. Lender may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of, or contract for the creation of, any lien, encumbrance, transfer or sale of all or any part of the Property. This right is subject to the restrictions imposed by applicable law. This covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released. 9. Warranties and Representations. Grantor has the right and authority to enter into this Security Instrument. The execution and delivery of this Security Instrument will not violate any agreement governing Grantor or to which Grantor is a party. 10. Property Condition, Alterations and Inspection. Grantor will keep the Property in good condition and make all repairs that are reasonably necessary. Grantor shall not commit or allow any waste, impairment, or deterioration of the Property. Grantor will keep the Property free of noxious weeds and grasses. Grantor agrees that the nature of the occupancy and use will not substantially change without Lender's prior written consent. Grantor will not permit any change in any license, restrictive covenant or easement without Lender's prior written consent. Grantor will notify Lender of all demands, proceedings, claims, and actions against Grantor, and of any loss or damage to the Property. Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time for the purpose of inspecting the Property. Lender shall give Grantor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Lender's benefit and Grantor will in no way rely on Lender's inspection. 11. Authority to Perform. If Grantor fails to perform any duty or any of the covenants contained in this Security Instrument, Lender may, without notice, perform or cause them to be performed. Grantor appoints Lender as attorney in fact to sign Grantor's name or pay any amount necessary for performance. Lender's right to perform for Grantor shall not create an obligation to perform, and Lender's failure to perform will not preclude Lender from exercising any of Lender's other rights under the law or this Security Instrument to the extent permitted by law. If any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may take all steps necessary to protect Lender's security interest in the Property, including completion of the construction. 12. Leaseholds; Condominiums; Planned Unit Developments. Grantor agrees to comply with the provisions of any lease if this Security Instrument is on a leasehold. If the Property includes a unit in a condominium or a planned unit development, Grantor will perform all of Grantor's duties under the covenants, by-laws, or regulations of the condominium or planned unit development. 13. Use of Property. This Property will not be used principally for agricultural or farming purposes. 14. Default. Grantor will be in default if any party obligated on the Secured Debt fails to make payment when due. Grantor will be in default if a breach occurs under the terms of this Security Instrument or any other document executed for the purpose of creating, securing or guarantying the Secured Debt. A good faith belief by Lender that Lender at any time is insecure with respect to any person or entity obligated on the Secured Debt or that the prospect of any payment or the value of the Property is impaired shall also constitute an event of default. 3490076074 Deed Of Trust Closed End-OR © 2025 Wolters Kluwer Financial Services, Inc. 12/2025 All rights reserved. 2026042826.1.0.6422-J20251222Y Page 3 of 9 [t 15. Remedies on Default. In some instances, federal and state law will require Lender to provide Grantor with notice of the right to cure or other notices and may establish time schedules for foreclosure actions. Subject to these limitations, if any, Lender may accelerate the Secured Debt and foreclose this Security Instrument in a manner provided by law if Grantor is in default. At the option of Lender, all or any part of the agreed fees and charges, accrued interest and principal shall become immediately due and payable, after giving notice if required by law, upon the occurrence of a defanlt or anytime thereafter. In addition, Lender shall be entitled to all the remedies provided by law, the terms of the Secured Debt, this Security Instrument and any related documents. In accordance with applicable law and to its fullest extent, Trustee shall have the right to foreclose by power of sale, or, at its option, Lender shall have the right to foreclose by judicial foreclosure. If there is a default, Trustee shall, in addition to any other permitted remedy, at the request of the Lender, advertise and sell the Property as a whole or in separate parcels at public auction to the highest bidder for cash and convey absolute title free and clear of all right, title and interest of Grantor at such time and place as Trustee designates. Trustee shall give notice of sale including the time, terms and place of sale and a description of the Property to be sold as required by the applicable law in effect at the time of the proposed sale. Upon sale of the Property and to the extent not prohibited by law, Trustee shall make and deliver a deed to the Property sold which conveys absolute title to the purchaser, and after first paying all fees, charges and costs, shall pay to Lender all moneys advanced for repairs, taxes, insurance, liens, assessments and prior encumbrances and interest thereon, and the principal and interest on the Secured Debt, paying the surplus, if any, to Grantor. Lender may purchase the Property. The recitals in any deed of conveyance shall be prima facie evidence of the facts set forth therein. All remedies are distinct, cumulative and not exclusive, and the Lender is entitled to all remedies provided at law or equity, whether or not expressly set forth. The acceptance by Lender of any sum in payment or partial payment on the Secured Debt after the balance is due or is accelerated or after foreclosure proceedings are filed shall not constitute a waiver of Lender's right to require complete cure of any existing default. By not exercising any remedy on Grantor's default, Lender does not waive Lender's right to later consider the event a default if it continues or happens again. 16. Expenses; Advances on Covenants; Attorneys' Fees; Collection Costs. Except when prohibited by law, Grantor agrees to pay all of Lender's expenses if Grantor breaches any covenant in this Security Instrument. Grantor will also pay on demand any amount incurred by Lender for insuring, inspecting, preserving or otherwise protecting the Property and Lender’s security interest. These expenses will bear interest from the date of the payment until paid in full at the highest interest rate in effect as provided in the terms of the Secured Debt. Grantor agrees to pay all costs and expenses incurred by Lender in collecting, enforcing or protecting Lender's rights and remedies under this Security Instrument. This amount may include, but is not limited to, attorneys' fees, court costs, and other legal expenses. This Security Instrument shall remain in effect until released. Grantor agrees to pay for any recordation costs of such release. 17. Environmental Laws and Hazardous Substances. As used in this section, (1) “Environmental Law” means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA, 42 U.S.C. 9601 et seq.), and all other federal, state and local laws, regulations, ordinances, court orders, attorney general opinions or interpretive letters concerning the public health, safety, welfare, environment or a hazardous substance; and (2) “Hazardous Substance” means any toxic, radioactive or hazardous material, waste, pollutant or contaminant which has characteristics which render the substance dangerous or potentially dangerous to the public health, safety, welfare or environment. The term includes, without limitation, any substances defined as "hazardous material," "toxic substances," "hazardous waste" or "hazardous substance"” under any Environmental Law. Grantor represents, warrants and agrees that: (A) Except as previously disclosed and acknowledged in writing to Lender, no Hazardous Substance is or will be located, stored or released on or in the Property. This restriction does not apply to small quantities of Hazardous Substances that are generally recognized to be appropriate for the normal use and maintenance of the Property. (B) Except as previously disclosed and acknowledged in writing to Lender, Grantor and every tenant have been, are, and shall remain in full compliance with any applicable Environmental Law. (C) Grantor shall immediately notify Lender if a release or threatened release of a Hazardous Substance occurs on, under or about the Property or there is a violation of any Environmental 3490076074 Deed Of Trust Closed End-OR © 2025 Wolters Kluwer Financial Services, Inc. 12/2025 All rights reserved. 2026042826,1.0.6422-J20251222Y Page 4 of © [t Law concerning the Property. In such an event, Grantor shall take all necessary remedial action in accordance with any Environmental Law. (D) Grantor shall immediately notify Lender in writing as soon as Grantor has reason to believe there is any pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous Substance or the violation of any Environmental Law. 18. Condemnation. Grantor will give Lender prompt notice of any pending or threatened action, by private or public entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Grantor authorizes Lender to intervene in Grantor's name in any of the above described actions or claims. Grantor assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement or other lien document. 19. Insurance. Grantor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably associated with the Property due to its type and location. This insurance shall be maintained in the amounts and for the periods that Lender requires. What Lender requires pursuant to the preceding two sentences can change during the term of the Secured Debt. The insurance carrier providing the insurance shall be chosen by Grantor subject to Lender's approval, which shall not be unreasonably withheld. If Grantor fails to maintain the coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the Property according to the terms of this Security Instrument. Grantor acknowledges and agrees that Lender or one of Lender's affiliates may receive commissions on purchase of this insurance. All insurance policies and renewals shall be acceptable to Lender and shall include a standard "mortgage clause" and, where applicable, "loss payee clause." Grantor shall immediately notify Lender of cancellation or termination of the insurance. Lender shall have the right to hold the policies and renewals. If Lender requires, Grantor shall immediately give to Lender all receipts of paid premiums and renewal notices. Upon loss, Grantor shall give immediate notice to the insurance carrier and Lender. Lender may make proof of loss if not made immediately by Grantor. Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Lender's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Lender, Grantor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Lender to the extent of the Secured Debt immediately before the acquisition. 20. Escrow for Taxes and Insurance. Grantor will pay to Lender amounts for (a) yearly taxes and assessments on the Property which under the law may be superior to this Security Instrument, (b) yearly leasehold payments or ground rents (if any), (¢) yearly premiums for hazard or property insurance, (d) yearly premiums for flood insurance (if any), and (e) yearly premiums for mortgage insurance (if any). Grantor will pay those amounts to Lender unless Lender tells Grantor, in writing, that Grantor does not have to do so, or unless the law requires otherwise. Grantor will make those payments at the times required by Lender. Lender will estimate from time to time Grantor's yearly taxes, assessments, leasehold payments or ground rents and insurance premiums, which will be called the “Escrow Items . Lender will use existing assessments and bills and reasonable estimates of future assessments and bills. The amounts that Grantor pays to Lender for Escrow Items under this section will be called the “Funds”. Lender will collect and hold Funds in an amount not to exceed the maximum amount a Lender for a federally related mortgage loan may require for Grantor's escrow account under the federal Real Estate Settlement Procedures Act of 1974 (as amended), unless another law that applies to the Funds sets a lesser amount. If so, Lender will collect and hold Funds in the lesser amount. Lender will keep the Funds in a savings or banking institution which has its deposits or accounts insured or guaranteed by a federal or state agency. If Lender is such an institution, Lender may hold the Funds. Lender will use the Funds to pay the Escrow Items. Lender will give Grantor, without charge, an annual accounting of the Funds. That accounting must show all additions to and deductions from the Funds and the reason for each deduction. Lender may not charge Grantor for holding or keeping the Funds, for using the Funds to pay Escrow Items, for analyzing Grantor's payments of Funds, or for receiving, verifying and totaling assessments 3490076074 Deed Of Trust Closed End-OR © 2025 Wolters Kluwer Financial Services, Inc. 12/2025 All rights reserved. 2026042826.1.0.6422-J20251222Y Page 5 of @ Lt and bills. However, Lender may charge Grantor for these services if Lender pays Grantor interest on the Funds and if the law permits Lender to make such a charge. Lender may require Grantor to pay a one-time charge for an independent real estate tax reporting service used by Lender in accordance with the Secured Debts, unless applicable law provides otherwise. Lender will not be required to pay Grantor any interest or earnings on the Funds unless either (i) Lender and Grantor agree in writing, at the time Grantor signed this Security Instrument, that Lender will pay interest on the Funds; or (ii) the law requires Lender to pay interest on the Funds. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender will account to borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may notify borrower in writing, and, in such case, borrower will pay to Lender the amount necessary to make up the shortage or deficiency. Borrower shall make up the shortage or deficiency as Lender directs, subject to the requirements of applicable law. If, by reason of any default under this Security Instrument, Lender declares all Secured Debts due and payable, Lender may then apply any Funds against the Secured Debis. When Grantor has paid all of the sums secured, Lender will promptly refund to Grantor any Funds that are then being held by Lender. 21. Financial Reports and Additional Documents. Grantor will provide to Lender upon request, any financial statement or information Lender may deem reasonably necessary. Grantor agrees to sign, deliver, and file any additional documents or certifications that Lender may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Lender's lien status on the Property. 22. Joint and Individual Liability; Co-Signers; Successors and Assigns Bound. All duties under this Security Instrument are joint and individual. If Grantor signs this Security Instrument but does not sign an evidence of debt, Grantor does so only to mortgage Grantor's interest in the Property to secure payment of the Secured Debt and Grantor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Lender and Grantor, Grantor agrees to waive any rights that may prevent Lender from bringing any action or claim against Grantor or any party indebted under the obligation. These rights may include, but are not limited to, any anti-deficiency or one-action laws. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Grantor and Lender. 23. Applicable Law; Severability; Interpretation. THIS SECURITY INSTRUMENT SHALL BE GOVERNED BY FEDERAL LAW AND THE LAW OF THE JURISDICTION IN WHICH THE PROPERTY IS LOCATED. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 24. Successor Trustee. Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. Delivery of Notice. Unless otherwise required by law, notices will be delivered in the following manner. If the parties agree to electronic communication pursuant to a separate agreement, notice will be provided electronically subject to the terms of that separate agreement for electronic communication. Notice will be deemed to have been given when sent, subject to the terms of the separate agreement for electronic communication. If the parties do not agree to, or opt out of, electronic communication, notice will be provided in writing by mailing it by first class mail or by delivering it to the appropriate party’s address listed 3480076074 Deed Of Trust Closed End-OR © 2025 Wolters Kluwer Financial Services, Inc. 1212025 All rights reserved. 2026042826.1.0.6422-J20251222Y Page 6 of 9 e above, or to any other address designated by the party in writing. Notice will be deemed to have been given when Lender mails it by first class mail or delivers it to the appropriate party’s address. Notice to one Grantor will be deemed to be notice to all Grantors. Each party will promptly inform Lender of any change in name, address, or other contact information. The delivery method for notices may be changed at the discretion of Lender, if Lender provides notice to all impacted parties through the current delivery method prior to the change. 26. Waivers. Except to the extent prohibited by law, Grantor waives all appraisement and homestead exemption rights relating to the Property. 27. Other Terms. If checked, the following are applicable to this Security Instrument: 0 Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. O Fixture Filing. Grantor grants to Lender a security interest in all goods that Grantor owns now or in the future and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. O Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] O Condominium Rider O Planned Unit Development Rider O Other: O Additional Terms. By signing below, Grantor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Grantor also acknowledges receipt of a copy of this Security Instrument on the date stated in this Security Instrument. Grantor €S orrester A!gl!e Nicole Ilorrester 3490076074 Deed Of Trust Closed End-OR © 2025 Wolters Kluwer Financial Services, Inc. 12/2025 All rights reserved. 2026042826.1.0.6422-J20251222Y Page 7 of 9 lizicai Acknowledgment State of Oregon County of Klamath Py This record was acknowledged before me on L/"/ 30/4 024 by James D Forrester ! I OFFICIAL STAMP VIVIAN MICHELLE GARCIA NOTARY PUBLIC - OREGON COMMISSION NO. 1054388 MY COMMISSION EXPIRES DECEMBER 22, 2028 \l]’ot_ary Public - I\/lé’.@m{ (?a?g Lare s otary Public Name My Commissjon Expires: This notarial act was completed: Xl In Person O In Person Electronic [1 Remote Using Communication Technology Acknowledgment State of Oregon County of Klamath This record was acknowledged before me on 4~/ '?(r) / ;2 é! !{2 by 7 / e d / Angelee Nicole Forrester OFFICIAL STAMP VIVIAN MICHELLE GARCIA NOTARY PUBLIC - OREGON COMMISSION NO. 1054388 MY COMMISSION EXPIRES DECEMBER 22, 2026 tary Public \;f?r\ ‘/M('( éafL(& Notary Public Name My CommissionlE’Y:iies/ W RUNALS This notarial act was completed: X In Person [ In Person Electronic [0 Remote Using Communication Technology M [ Loan Origination Organization: U.S. Bank National Loan Originator: Lance F Peabody Association NMLS ID: 640253 NMLS ID: 402761 3480076074 Deed Of Trust Closed End-OR © 2025 Wolters Kluwer Financial Services, Inc. 1212025 All rights reserved. 2026042826.1.0.6422-J20251222Y Page 8 of 9 Lt [This page immediately follows the appropriate acknowledgments and recording information. This page was intentionally left blank to conform to the local "last-page" recording requirements. ] [End of Document]| 3490076074 Deed Of Trust Closed End-OR @ 2025 Wolters Kluwer Financial Services, Inc, . 12/2025 All rights reserved, 2026042626.1.0.6422-J20251222Y Page 9 of 9