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Trustee shall deliver to such purchaser its deed conveying the property so sold, but without any covenant <br />or warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive proof <br />of the truthfulness thereof. Any person, including Truster, Trustee, or Beneficiary as hereinafter defined, <br />may purchase at such sale. <br />After deducting all costs, fees and expenses of Trustee and of this Trust, including cost of evidence <br />of title in connection with sale, Trustee shall apply the proceeds of sale to payment of: all sums expended <br />under the terms hereof, not then repaid, with accrued interest at the amount allowed by law in effect at the <br />date hereof, all other sums then secured hereby; and the remainder, if any, to the person or persons legally <br />entitled thereto. <br />(7) Beneficiary, or any successor in ownership of any indebtedness secured hereby, <br />may from time to time, by instrument in writing, substitute a successor or successors to any Trustee named <br />herein or acting hereunder, which instrument, executed by the Beneficiary and duly acknowledged and <br />recorded in the office of the recorder of the county or counties where said property is situated, shall be <br />conclusive proof of proper substitution of such successor Trustee or Trustees, who shall, without <br />conveyance from the Trustee predecessor, succeed to all its title, estate, rights, powers and duties. Said <br />instrument must contain the name of the original Trustor, Trustee and Beneficiary hereunder, the book and <br />page where this Deed is recorded and the name and address of the new Trustee. <br />(8) That this Deed applies to, inures to the benefit of, and binds all parties hereto, their <br />heirs, legatees, devisees, administrators, executors, successors and assigns. The term Beneficiary shall <br />mean the owner and holder, including pledgees, of the note secured hereby, whether or not named as <br />Beneficiary herein. In this Deed, whenever the context so requires, the masculine gender includes the <br />feminine and/or neuter, and the singular number includes the plural. <br />(9) That Trustee accepts this Trust when this Deed, duly executed and acknowledged, <br />is made a public record as provided by law. Trustee is not obligated to notify any party hereto of pending <br />sale under any other Deed of Trust or of any action or proceeding in which Truster, Beneficiary or Trustee <br />shall be a party unless brought by Trustee. <br />55394.00 10 1 \42870051.1 <br />