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<br />Trustee may: re: - Ivey any part of said p,roperty; consent to the of any i- ,.:p or plat thereof; jo-ui in granting any easem: eu 'eon; of -loin in
<br />any extension agreement or any agreement subordinating the lien or charge hereof.
<br />(4) Upon written request of Beneficiary stating that all sums secured hereby have been paid, and upon surrender of this Deed and said note to
<br />Trustee for cancellation and retention and upon payment of its fees, Trustee shall reconvey, without warranty, the property then held hereunder.
<br />The recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee in such reconveyance may
<br />be described as "the person or persons legally entitled thereto." Ten years after issuance of such full reconveyance, Trustee may destroy said note
<br />and this Deed (unless directed in such request to retain them).
<br />(5) As additional security, Truster hereby gives to and confers upon Beneficiary the right, power and authority, during the continuance of
<br />these Trusts, to collect the rents, issues and profits of said property, reserving unto Trustor the right, prior to any default by Trustor in payment of
<br />any indebtedness secured hereby or in performance of any agreement hereunder, to collect and retain such rents, issues and profits as they become
<br />due and payable. Upon any such default, Beneficiary may at any time without notice, either in person, by agent, or by a receiver to be appointed by
<br />a court, and without regard to the adequacy of any security for the indebtedness hereby secured, enter upon and take possession of said property or
<br />any part thereof, in his own name sue for or otherwise collect such rents, issues and profits, including those past due and unpaid, and apply the
<br />same, less costs and expenses of operation and collection, including reasonable attorney's fees, upon any indebtedness secured hereby, and in such
<br />order as Beneficiary may determine. The entering upon and taking possession of said property, the collection of such rents, issues and profits and the
<br />application thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such
<br />notice.
<br />W) Upon default by Truster in payment of any indebtedness secured 'hereby or in performance of any agreement hereunder, Beneficiary may
<br />declare all sums secured hereby immediately due and payable by delivery to Trustee of written declaration of dofault and demand for sale and of
<br />written notice of default and of election to cause to be sold said property, which notice Trustee shall cause to be filed for record. Beneficiary also
<br />shall deposit with Trustee this Deed, said note and all documents evidencing expenditures secured hereby.
<br />After the lapse of such time as may then be required by law following the recordation of said notice & default, and notice of sale having been
<br />given as then required by law, Trustee, without demand on Truster, shall sell said property at the time and place fixed by it in said notice of sale,
<br />either as a whole or in separate parcels, and in such order as it may determine (but subject to any statutory right of Trustor to direct the order in
<br />which such property, if consisting of several known lots or parcels, shall be sold), at public auction to the highest bidder for cash in lawful money of
<br />the United States, payable at time of sale.
<br />After deducting all costs, flees and expenses of Trustee and of this Trust, including cost of evidence of title in connection with sale, Trustee shall
<br />apply the proceeds of sale to payment of: all sums expended under the terms hereof, net then repaid, with accrued interest at the amount allowed
<br />by law in effect at the date hereof; ail other sums then secured hereby; and the remainder, if any, to the person or persons legally entitled thereto.
<br />(7) Beneficiary, or any successor in ownership 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, executed by the Beneficiary and duly
<br />acknowledged and recorded in the office of the recorder of the county or counties where said property is situated, shall be conclusive proof of
<br />proper substitution of such successor Trustee or Trustees, who shall, without conveyance from the predecessor Trustee, succeed to all its title, estate,
<br />rights, powers and duties. Said instrument must contain the name of the original Trustor, Trustee and Beneficiary hereunder, the book and page
<br />where this Deed is recorded and the name an&address of the new Trustee. it notice of default snail have been recorded, this power of substitution
<br />cannot be exercised until after the casts, fees and expenses of the then acting Trustee shall have been paid to such Trustee, who shall endorse receipt
<br />thereof upon such instrument of substitution.
<br />(8) This Deed applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees, administrators, executors,
<br />successors and assigns. The term Beneficiary shall mean the owner and holder, including pledgees, of the note secured hereby, whether or not named
<br />as Beneficiary herein. to this Deed, whenever the context so requires, the masculine gender includes the feminine and/or neuter, and the singular
<br />number includes the plural.
<br />(0) Trustee accepts this Trust when this Deed, duly executed and acknowledged, is made a public record as provided by law. Trustee is not
<br />obligated to notify any party hereto of pending sale under any other Deed of Trust or of any action or proceeding in which Trustor, Beneficiary or
<br />Trustee shall be a party unless brought by Trustee.
<br />(10) Each married woman who joins in executing this Deed of Trust and any note or notes secured thereby, hereby agrees and expressly
<br />assents, pursuant to the laws of the State of California, to the liability of her separate property for all her debts and obligations herein mentioned.
<br />Such assent, however, shall not be deemed to create a present lien or encumbrance upon any of her separate property not described herein.
<br />(1 i) For any statement regarding the obligations secured hereby, a charge, which Trustor agrees to pay, may be made in an amount not
<br />exceeding the maximum allowed by law at the time any such statement is requested. '
<br />C. THE UNDERSIGNED TRUSTOR REQUESTS that a copy of any notice of default and of any notice of sale hereunder be mailed to him at
<br />his address hereinbefore set forth. '
<br />SIGNATURE OF TRUSTOR '
<br />STATE OF CALIFORNIA
<br />COUNTY OF
<br />On this day of
<br />personally appeared
<br />known to me to be the person(s) whose name(s)
<br />instrument and acknowledged that
<br />WITNESS my hand and official seal.
<br />SIGNATURE
<br />TYPE OR
<br />PRINT NAME
<br />S.S
<br />19 , before me, the undersigned, a Notary Public in and for said State,
<br />subscribed to the within
<br />executed the same.
<br />If executed by a Corporation on the Corporation Form of Acknowledgement must be used.
<br />Title Order No. Escrow or Loan No.
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<br />DO NOT RECORD
<br />REQUEST , OR FULL RECONVEYANCE
<br />7•o be used only when note has been paid. TO UNITFD CALIFORNIA BANK, TRUSTEE:
<br />The undersigned is the legal owner and holder of all indebtedness secured by the within
<br />Deed of 'Trust. All sums secured by said Deed of Trust i)ave been fully paid and satisfied;
<br />a nd you are hrrcb,y reilur^,led uu l dinxxed, on paynw,i[ It) yuu of any suns owing, to You
<br />under thr Icons of said Dec(] oI T' ust, to cancel all evidences of indebtedness secured by
<br />said Decd or 'Trust defivercd to you herewith, together with said Deed of Trust, and to
<br />reconvey, without warranty, to the parties designated by the terms of said Deed of Trust,
<br />the estate now held by you under the same.
<br />Dated 19 -
<br />Uri ul leer or d'It r„y lhrs 15rr,1 of Irutl lilt 1111 14()1Iwhich it xrcores. lloth tnustbe I.
<br />,Irli, rri r,l I,+ th" I rrry W" IW wl: nin,n 110, c• reerrnvvyancr "I; hi ro-k-, �I,
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