RecD03 2003-350640 - Laserfiche WebLink

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account only and shall not constitute a waiver of the obligation of Trustor to pay the entire sum then due or of Beneficiaries' right either to require prompt payment of all sums then due or to declare default. The acceptance of payment of any sum secured hereby after its due date will not waive the right of Beneficiaries either to require prompt payment when due of all other sums so secured or to declare default for failure so to pay. No waiver of any default shall be a waiver of any preceding or succeeding default of any kind. 3. At any time upon the occurrence of a default, and after notice and an opportunity to cure if applicable, under the terms of this Deed of Trust, to said default, without liability therefor and with or without notice or further notice, as applicable, upon wrft ten request of Beneficiaries and presentation of this deed for endorsement, and without affecting the personal liability of any person, Trustee may reconvey any part of the property, consent to the making of any map or plat thereof, join in granting any easement or join in any extension agreement or any agreement subordinating the lien or charge thereof. 4. Upon written request of Beneficiaries, surrender of this deed to Trustee for cancellation and retention, and payment of its fees, Trustee shall reconvey, without warranty, the property then held hereunder. Beneficiaries shall timely make such request upon satisfaction of all requirements of the Note and the Agreement, following written demand to do so by Trustor. It is agreed that the requirements of the Agreement shall be deemed to have been satisfied upon the issuance by Beneficiaries of the final Certificate of Completion as provided in the Agreement. The recitals in such reconveyance shall be conclusive proof of the truthfulness thereof. The grantee may be designated in such reconveyance as "the person or persons legally entitled thereto." 5. At any time Trustor is in default in payments to be made to Beneficiaries hereunder, any amounts paid to and received by Beneficiaries after notice of default and election to sell has been recorded shall not, unless the requirements of Section 2924c of the Civil Code are fully met by or on behalf of Trustor, waive the right of Beneficiaries to continue its plans to have the property sold, nor shall they have any effect on the exercise by Beneficiaries of the acceleration privilege contained herein, except to constitute a credit against the secured debt. 4