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6.1.K. - Page 31
<br /> secured by this Deed of Trust. Upon defauft of any obligation secured by this Deed of
<br /> Trust ancf acceleration of all sums due, if any, Beneficiary may instruct Trustee to
<br /> proceed with a sale of the Property uncler the power of sale granted in tl�is Deed of
<br /> Trust, noticed and held in accordance with California Ci�il Code Sectior�s 2924, et seq.,
<br /> as such statutes may �e amended from time to time. Trustor wai�es a!I rights it may
<br /> ha�e to require rnarshaling of assets ar ta require sales of assets in any particular arder,
<br /> ir�cl�ding any rights under Caiifornia Civil Code 5ections 2899 and 3433.
<br /> 11. SubstitutEOn of Trustee. Ber�eficiary, or any successar beneficiary of the
<br /> Secured Obiigations or of any indebtedness secured hereby, may from time ta time, by
<br /> instrument irt writing, substitute a successar or successors to any Trustee named herein
<br /> or acting hereunder, which instrument executecE by the Beneficiary and dufy
<br /> acknowfedged and recorded in the office of the recorcfer of the county or counties where
<br /> the Properky is situated, shall be conclusive proof of proper substitufion nf such
<br /> successor Trustee or Trustees, wha shall, without con�eyance from the Trustee
<br /> predecessor, succeed to all its titie, estate, righ#s, powers and duties. Said instrument
<br /> must contain the name ot the origina! Trustor, Trustee and Beneficiary hereur�der, the
<br /> book and page where this Deed of Trust is recordec� and the name anct address of the
<br /> new Trustee.
<br /> 12. Successors and Assigns. This Deed of Trust appiies to, inures to the
<br /> benefit of, and binds afl parties hereto, their heirs, legatees, devisees, administrators,
<br /> executors, successors and assigns. The term "Bene�iciary" shafl mean the holder,
<br /> including pledgees, of the covenants set forth in the Resale Restriction Agreement and
<br /> Option to Purc�ase, whether or not named as Ber�eficiary herein.
<br /> 13. Trustee Acceptance. Trustee accepts this trust when this Deed of Trust,
<br /> duly executed and acknowledged, is made a public recard as provided by law. Trustee
<br /> is not obliga#ed to notify any party hereto of per�ding sale under any ot�er deed of tr�st
<br /> or of any action or proceec�ing in which Trustar, Ber�eficiary or Trustee shall be a party
<br /> unless brought by Trustee.
<br /> 14. Further Assurances. Trusfor shall, at its own cost and expense, do,
<br /> execute, acknawledge, and deliver all and e�ery such further acts, deeds, conveyances,
<br /> martgages, assignments, natices of assignments, transfers, and assurances as Trustee
<br /> or Beneficiary shall from time to time require, for better assuring, conveying, assigning,
<br /> transferring, and confirming unto Trustee the Proper�y anc� rights hereby conveyed or
<br /> assigned or intended naw or hereafter so to be, or which Trustar may be or may
<br /> hereafter become boUnd to convey or assign to Trustee, or far carrying out the intentian
<br /> or facifitating the perforrnance of tE�e terms of this Deec� af Trust, or for fifing, registering,
<br /> or recording this Deec! of Trust. Trustor shall, on demand, execute and deliver, and
<br /> hereby authorizes Trustee and Beneficiary, or either of them, to execute in the narne of
<br /> Trustor, to the extent it may lawfully do sa, ane or rr�ore financing statements, chattel
<br /> mortgages, or comparable security instrumer�ts, to evidence more effectiveRy the lien
<br /> hereaf. Immediately upon the �xecution ancf deli�ery of this Deed of Trust, and
<br /> thereafter from time to time, Trustor shall cause this Deed of Trust, and any security
<br /> instruments creating a [ien or evidencing the lien hereof upon any personal property and
<br /> Page 27 af 31
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