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� secured by this Deed of Trust. Upon default of any obligation secured by this Deed of
<br /> Trust and acceleration of all sums due, if any, Beneficiary may instruct Trustee to
<br /> proceed with a sale of the Property under the power of sale granted in this Deed of
<br /> Trust, noticed and held in accordance with California Civil Code Sections 2924, et seq.,
<br /> as such statutes may be amended from time to time. Trustor waives all rights it may
<br /> have to require marshaling of assets or to require sales of assets in any particular order,
<br /> including any rights under California Civil Code Sections 2899 and 3433.
<br /> 11. Substitution of Trustee. Beneficiary, or any successor beneficiary of the
<br /> Secured Obligations or of any indebtedness secured hereby, may from time to time, by
<br /> instrument in writing, substitute a successor or successors to any Trustee named herein
<br /> or acting hereunder, which instrument executed by the Beneficiary and duly
<br /> acknowledged and recorded in the office of the recorder of the county or counties where
<br /> the Property is situated, shall be conclusive proof of proper substitution of such
<br /> successor Trustee or Trustees, who shall, without conveyance from the Trustee
<br /> predecessor, succeed to all its title, estate, rights, powers and duties. Said instrument
<br /> must contain the name of the original Trustor, Trustee and Beneficiary hereunder, the
<br /> book and page where this Deed of Trust is recorded and the name and address of the
<br /> new Trustee.
<br /> 12. Successors and Assigns. This Deed of Trust applies to, inures to the
<br /> benefit of, and binds all parties hereto, their heirs, legatees, devisees, administrators,
<br /> executors, successors and assigns. The term "Beneficiary" shall mean the holder,
<br /> including pledgees, of the covenants set forth in the Resale Restriction Agreement and
<br /> Option to Purchase, whether or not named as Beneficiary herein.
<br /> 13. Trustee Acceptance. Trustee accepts this trust when this Deed of Trust,
<br /> duly executed and acknowledged, is made a public record as provided by law. Trustee
<br /> is not obligated to notify any party hereto of pending sale under any other deed of trust
<br /> or of any action or proceeding in which Trustor, Beneficiary or Trustee shall be a party
<br /> unless brought by Trustee.
<br /> 14. Further Assurances. Trustor shall, at its own cost and expense, do,
<br /> execute, acknowledge, and deliver all and every such further acts, deeds, conveyances,
<br /> mortgages, assignments, notices 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 Property and rights hereby conveyed or
<br /> assigned or intended now or hereafter so to be, or which Trustor may be or may
<br /> hereafter become bound to convey or assign to Trustee, or for carrying out the intention
<br /> or facilitating the performance of the terms of this Deed of Trust, or for filing, registering,
<br /> or recording this Deed of Trust. Trustor shall, on demand, execute and deliver, and
<br /> hereby authorizes Trustee and Beneficiary, or either of them, to execute in the name of
<br /> Trustor, to the extent it may lawfully do so, one or more financing statements, chattel
<br /> mortgages, or comparable security instruments, to evidence more effectively the lien
<br /> hereof. Immediately upon the execution and delivery 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 lien or evidencing the lien hereof upon any personal property and
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