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<br />with sale, Trustee shall apply the proceeds of sale to payment <br />of (a) all reasonable sums expended under the terms hereof and <br />not theretofore repaid, with accrued interest at Bank of <br />America's published prime rate per annum, and (b) all other sums <br />then secured hereby in such order as Beneficiaries, in the <br />exercise of its reasonable discretion, directs. The remainder, <br />if any, shall be paid to the person or persons legally entitled <br />thereto. <br /> 4. Before Trustee's sale, Beneficiaries may rescind <br />such notices of default and of election to cause the property to <br />be sold by delivering to Trustee a written notice of rescission, <br />which notice, when recorded, shall cancel any prior declaration <br />of default, demand for I sale and acceleration of maturity. The <br />exercise of such a right of rescission shall not constitute a <br />waiver of any default then existing or subsequently occurring, <br />or impair the right of Beneficiaries to deliver to Trustee other <br />declarations of default and demands for sale or notices of <br />default and of election to cause the property to be sold, or <br />otherwise affect any provision of the secured note or of this <br />deed or any of the rights, obligations or remedies of <br />Beneficiaries or Trustee hereunder. <br /> 5. Beneficiaries may, from time to time as provided <br />by statute, or by a writing signed and acknowledged by him and <br />recorded in the office of the county recorder of the county in <br />which the land or such part thereof as is then affected by this <br />deed of trust is situated, appoint another trustee in stead of <br />Trustee herein named; and thereupon, the Trustee herein named <br />shall be discharged, and the trustee so appointed shall be <br />substituted as Trustee hereunder with the same effect as if <br />originally named Trustee herein. <br /> 6. If two or more persons are designated as Trustee <br />herein, any or all powers granted herein to Trustee may be <br />exercised by any of such persons if the other person or persons <br />is unable, for any reason, to act. Any recital of such <br />inability in any instrument executed by any of such persons <br />shall be conclusive against Trustor, his heirs and assigns. <br /> 7. All leases of any structures on the property <br />subject to this Deed of Trust, now or hereafter affecting the <br />property are hereby assigned and transferred to Beneficiaries by <br />Trustor, with such assignment to take effect upon a default of <br />any obligation hereby secured by Trustor, with notice and an <br />opportunity to cure if applicable. <br /> 6 <br />