Reso25-02 0024 PC Reso 901 El Camino Real

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Page 8 of 16 exercise every right provided for in this Deed of Trust, or by law upon occurrence of any uncured breach, including the right to exercise the power of sale. (b) commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver, or specifically enforce any of the covenants hereof (c) deliver to Trustee a written declaration of default and demand for sale, pursuant to the provisions for notice of sale found at California Civil Code Sections 2924 et seq., as amended from time to time; or (d) exercise all other rights and remedies provided herein, in the instruments by which the Trustor acquires title to any Security, or in any other document or agreement now or hereafter evidencing, creating or securing all or any portion of the obligations secured hereby, or provided by law. Section 2.14 Trustor’s Right to Reinstate. Trustor will have the right to have any proceedings begun by City to enforce this Deed of Trust discontinued at any time prior to five (5) days before sale of the Security pursuant to the power of sale contained in this Deed of Trust or at any time prior to entry of a judgment enforcing this Deed of Trust if: (a) Trustor cures all breaches of any other covenants or agreements of Trustor contained in the Regulatory Agreement or this Deed of Trust; (b) Trustor pays all reasonable expenses incurred by City and Trustee in enforcing the covenants and agreements of Trustor contained in the Regulatory Agreement or this Deed of Trust, and in enforcing City’s and Trustee’s remedies, including, but not limited to, reasonable attorney’s fees; and (c) Trustor takes such action as City may reasonably require to assure that the lien of this Deed of Trust, City’s interest in the Security and Trustor’s obligation to pay the sums secured by this Deed of Trust shall continue unimpaired. Upon such payment and cure by Trustor, this Deed of Trust and the obligations secured hereby will remain in full force and effect as if no acceleration had occurred. Section 2.15 Reconveyance. Upon the expiration of the term of the Regulatory Agreement if Trustor owns and occupies the Property and is not in violation of any provisions of this Deed of Trust or the Regulatory Agreement, City will request Trustee to reconvey the Security and will surrender this Deed of Trust and the Regulatory Agreement to Trustee. Trustee will reconvey the Security without warranty and without charge to the person or persons legally entitled thereto. Such person or persons will pay all costs of recordation, if any. Section 2.16 Substitute Trustee. City, at City’s option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder. The successor trustee will succeed to all the title, power and duties conferred upon the Trustee herein and by applicable law. Section 2.17 Superiority of Approved Senior Liens Documents. Notwithstanding any provision herein, this Deed of Trust shall not diminish or affect the rights of the City approved senior lienholder under the senior deed of trust or any subsequent senior lienholder deeds of trust hereafter recorded against the Security in compliance with the requirements of the Regulatory Agreement. Notwithstanding any other provision hereof, the provisions of this Deed of Trust shall be subordinate to the lien of the City approved senior lien deed of trust and shall not impair the rights of the Senior Lienholder, or such lender’s assignee or successor in interest, to exercise its ATTY/RESO.0024/PC RESO 901 EL CAMINO REV: 04-11-25 VR