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<p class="MsoNormal">Hi All,<o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">In the event of a DOT default on a non-monetary obligation/provision, may the Holder immediately accelerate the Note and move to nonjudicial foreclosure, or are they required to give an opportunity to cure the breach? This is a seller-financed
transaction, and the DOT is silent on curing the default, but it does seem to give a power of sale via:<o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal"><i>“Upon default by Grantors in the payment of any indebtedness secured hereby or <b><u>in the</u></b></i><b><u> <i>performance of any agreement contained herein</i></u></b><i>, all sums secured hereby shall immediately</i> <i>become due
and payable at the option of the Beneficiary.”</i><o:p></o:p></p>
<p class="MsoNormal"><i> </i><o:p></o:p></p>
<p class="MsoNormal">Thanks.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal" style="background:white"><b><span style="font-size:11.0pt;color:#424242;mso-ligatures:none">Kevin A. Bukoskey, Esq., JD/MBA</span></b><span style="font-size:13.0pt;font-family:UICTFontTextStyleTallBody;color:black;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><b><span style="font-size:11.0pt;color:#424242;mso-ligatures:none">Attorney</span></b><span style="font-size:13.0pt;font-family:UICTFontTextStyleTallBody;color:black;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-size:11.0pt;color:#424242;mso-ligatures:none">GOURLEY LAW GROUP</span><span style="font-size:13.0pt;font-family:UICTFontTextStyleTallBody;color:black;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-size:11.0pt;color:#424242;mso-ligatures:none">THE EXCHANGE CONNECTION</span><span style="font-size:13.0pt;font-family:UICTFontTextStyleTallBody;color:black;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-size:11.0pt;color:#424242;mso-ligatures:none">SNOHOMISH ESCROW</span><span style="font-size:13.0pt;font-family:UICTFontTextStyleTallBody;color:black;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-size:11.0pt;color:#424242;mso-ligatures:none">P.O. Box 1091</span><span style="font-size:13.0pt;font-family:UICTFontTextStyleTallBody;color:black;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-size:11.0pt;color:#424242;mso-ligatures:none">Snohomish, WA 98291</span><span style="font-size:13.0pt;font-family:UICTFontTextStyleTallBody;color:black;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-size:11.0pt;color:#424242;mso-ligatures:none">PH: (360) 568-5065 (800) 291-8401</span><span style="font-size:13.0pt;font-family:UICTFontTextStyleTallBody;color:black;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-size:11.0pt;color:#424242;mso-ligatures:none">Fax: (360) 568-8092</span><span style="font-size:13.0pt;font-family:UICTFontTextStyleTallBody;color:black;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-size:13.0pt;font-family:UICTFontTextStyleTallBody;color:black;mso-ligatures:none"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;color:#424242;mso-ligatures:none">CONFIDENTIALITY NOTICE: This electronic mail transmission may contain legally privileged, confidential information belonging to the sender. The information is intended only
for the use of the individual or entity named above. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or taking any action based on the contents of this electronic mail is strictly prohibited. If you
have received this electronic mail in error, please contact sender and delete all copies</span><span style="font-size:11.0pt;color:#424242;mso-ligatures:none">.</span><o:p></o:p></p>
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