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delivered promptly to Beneficiary, or to a court-appointed receiver for the Property, without the necessity
<br />for further notice to, or demand upon, Trustor. Upon the occurrence of such a default and at any time
<br />thereafter during the continuance thereof, Beneficiary may, at its option, send any tenant of the Property a
<br />notice to the effect that: (a) a default has occurred; (b) Beneficiary has elected to exercise its rights under
<br />this assignment; and (c) such tenant is thereby directed to thereafter make all payments of Rents to or for
<br />the benefit of Beneficiary or as Beneficiary shall direct. Any such tenant shall be entitled to rely upon any
<br />notice from Beneficiary and shall be protected with respect to any payment of Rents made pursuant to such
<br />notice, irrespective of whether a dispute exists between Trustor and Beneficiary with respect to the
<br />existence of a default or the rights of Beneficiary hereunder. Any such tenant shall not be required to
<br />investigate or determine the validity or accuracy of such notice or the validity or enforceability of this
<br />assignment. Trustor hereby agrees to indemnify, defend and hold any such tenant harmless from and against
<br />any and all losses, claims, damages or liabilities arising from or related to any payment of Rents by such
<br />tenant made in reliance on and pursuant to such notice.
<br />10. Default and Foreclosure. Upon default by Trustor in performance of any Secured
<br />Obligation, Beneficiary may deliver to Trustee a declaration of default and demand for sale and of a notice
<br />of default and a notice of sale, which notice Trustee shall cause to be filed for record. Beneficiary also shall
<br />deposit with Trustee this Deed of Trust and all documents evidencing the Secured Obligations and
<br />expenditures, if any, secured by this Deed of Trust. Upon default of any obligation secured by this Deed
<br />of Trust and acceleration of all sums due, if any, Beneficiary may instruct Trustee to proceed with a sale of
<br />the Property under the power of sale granted in this Deed of Trust, noticed and held in accordance with
<br />California Civil Code Sections 2924, et seq., as such statutes may be amended from time to time. Trustor
<br />waives all rights it may have to require marshaling of assets or to require sales of assets in any particular
<br />order, including any rights under California Civil Code Sections 2899 and 3433.
<br />11. Substitution of Trustee. Beneficiary, or any successor beneficiary of the Secured
<br />Obligations or of any indebtedness secured hereby, may from time to time, by instrument in writing,
<br />substitute a successor or successors to any Trustee named herein or acting hereunder, which instrument
<br />executed by the Beneficiary and duly acknowledged and recorded in the office of the recorder of the county
<br />or counties where the Property is situated, shall be conclusive proof of proper substitution of such successor
<br />Trustee or Trustees, who shall, without conveyance from the Trustee predecessor, succeed to all its title,
<br />estate, rights, powers and duties. Said instrument must contain the name of the original Trustor, Trustee
<br />and Beneficiary hereunder, the book and page where this Deed of Trust is recorded and the name and
<br />address of the new Trustee.
<br />12. Successors and Assigns. This Deed of Trust applies to, inures to the benefit of, and binds
<br />all parties hereto, their heirs, legatees, devisees, administrators, executors, successors and assigns. The
<br />term `Beneficiary" shall mean the holder, including pledgees, of the covenants set forth in the
<br />Rehabilitation Loan Agreement and the Promissory Note, whether or not named as Beneficiary herein.
<br />13. Trustee Acceptance. Trustee accepts this trust when this Deed of Trust, duly executed
<br />and acknowledged, is made a public record as provided by law. Trustee is not obligated to notify any party
<br />hereto of pending sale under any other deed of trust or of any action or proceeding in which Trustor,
<br />Beneficiary or Trustee shall be a party unless brought by Trustee.
<br />14. Further Assurances. Trustor shall, at its own cost and expense, do, execute, acknowledge,
<br />and deliver all and every such further acts, deeds, conveyances, mortgages, assignments, notices of
<br />assignments, transfers, and assurances as Trustee or Beneficiary shall from time to time require, for better
<br />assuring, conveying, assigning, transferring, and confirming unto Trustee the Properly and rights hereby
<br />conveyed or assigned or intended now or hereafter so to be, or which Trustor may be or may hereafter
<br />REV: 10-01-25 LF
<br />ATTYlAGR.2025.2521Habitat for Humanity (Client: David Manche) (2757 Bristol Way - Habitat Deed of Trust) (Page 3 of 7)
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