OR SUCCESSORS IN THIS TRUST, SHALL DO LAWFULLY
BY VIRTUE HEREOF. IF MULTIPLE SUBSTITUTE TRUSTEES ARE APPOINTED, EACH OF SUCH
MULTIPLE SUBSTITUTE TRUSTEES SHALL BE
Deed of Trust - Page 25
EMPOWERED AND AUTHORIZED TO ACT ALONE WITHOUT THE NECESSITY OF THE JOINDER OF
THE OTHER MULTIPLE SUBSTITUTE TRUSTEES, WHENEVER ANY ACTION OR UNDERTAKING OF
SUCH SUBSTITUTE TRUSTEES IS REQUESTED OR REQUIRED UNDER OR PURSUANT TO THIS DEED
OF TRUST OR APPLICABLE LAW.
PERFECTION OF APPOINTMENT. SHOULD ANY DEED, CONVEYANCE, OR INSTRUMENT OF ANY
NATURE BE REQUIRED FROM GRANTOR BY ANY TRUSTEE OR SUBSTITUTE TRUSTEE TO MORE
FULLY AND CERTAINLY VEST IN AND CONFIRM TO THE TRUSTEE OR SUBSTITUTE TRUSTEE
SUCH ESTATES, RIGHTS, POWERS, AND DUTIES, THEN, UPON REQUEST BY THE TRUSTEE OR
SUBSTITUTE TRUSTEE, ANY AND ALL SUCH DEEDS, CONVEYANCES AND INSTRUMENTS SHALL BE
MADE, EXECUTED, ACKNOWLEDGED, AND DELIVERED AND SHALL BE CAUSED TO BE RECORDED
AND/OR FILED BY GRANTOR.
SUCCESSION INSTRUMENTS. ANY SUBSTITUTE TRUSTEE APPOINTED PURSUANT TO ANY OF THE
PROVISIONS HEREOF SHALL, WITHOUT ANY FURTHER ACT, DEED, OR CONVEYANCE, BECOME
VESTED WITH ALL THE ESTATES, PROPERTIES, RIGHTS, POWERS, AND TRUSTS OF ITS OR
HIS PREDECESSOR IN THE RIGHTS HEREUNDER WITH LIKE EFFECT AS IF ORIGINALLY NAMED
AS TRUSTEE HEREIN; BUT NEVERTHELESS, UPON THE WRITTEN REQUEST OF BENEFICIARY OR
OF THE SUBSTITUTE TRUSTEE, THE TRUSTEE CEASING TO ACT SHALL EXECUTE AND DELIVER
ANY INSTRUMENT TRANSFERRING TO SUCH SUBSTITUTE TRUSTEE, UPON THE TRUSTS HEREIN
EXPRESSED, ALL THE ESTATES, PROPERTIES, RIGHTS, POWERS, AND TRUSTS OF THE
TRUSTEE SO CEASING TO ACT, AND SHALL DULY ASSIGN, TRANSFER AND DELIVER ANY OF
THE PROPERTY AND MONEYS HELD BY SUCH TRUSTEE TO THE SUBSTITUTE TRUSTEE SO
APPOINTED IN THE TRUSTEE'S PLACE.
NO REPRESENTATION BY TRUSTEE OR BENEFICIARY. BY ACCEPTING OR APPROVING ANYTHING
REQUIRED TO BE OBSERVED, PERFORMED, OR FULFILLED OR TO BE GIVEN TO TRUSTEE OR
BENEFICIARY PURSUANT TO THE LOAN DOCUMENTS, INCLUDING WITHOUT LIMITATION, ANY
OFFICER'S CERTIFICATE, BALANCE SHEET, STATEMENT OF PROFIT AND LOSS OR OTHER
FINANCIAL STATEMENT, SURVEY, APPRAISAL, OR INSURANCE POLICY, NEITHER TRUSTEE NOR
BENEFICIARY SHALL BE DEEMED TO HAVE WARRANTED, CONSENTED TO, OR AFFIRMED THE
SUFFICIENCY, LEGALITY, EFFECTIVENESS, OR LEGAL EFFECT OF THE SAME, OR OF ANY
TERM, PROVISION, OR CONDITION THEREOF, AND SUCH ACCEPTANCE OR APPROVAL THEREOF
SHALL NOT BE OR CONSTITUTE ANY WARRANTY OR AFFIRMATION WITH RESPECT THERETO BY
TRUSTEE OR BENEFICIARY.
MISCELLANEOUS
RELEASE. IF THE INDEBTEDNESS IS PAID IN FULL IN ACCORDANCE WITH THE TERMS OF
THIS DEED OF TRUST, THE NOTE, AND THE OTHER LOAN DOCUMENTS, AND IF GRANTOR SHALL
WELL AND TRULY PERFORM EACH AND EVERY OF THE OBLIGATIONS TO BE PERFORMED AND
DISCHARGED IN ACCORDANCE WITH THE TERMS OF THIS DEED OF TRUST, THE NOTE AND THE
OTHER LOAN DOCUMENTS, THEN THIS CONVEYANCE SHALL BECOME NULL AND VOID AND BE
RELEASED AT GRANTOR'S REQUEST AND EXPENSE, AND BENEFICIARY SHALL HAVE NO FURTHER
OBLIGATION TO MAKE ADVANCES UNDER AND PURSUANT TO THE PROVISIONS HEREOF OR IN
THE OTHER LOAN DOCUMENTS.
PERFORMANCE AT GRANTOR'S EXPENSE. GRANTOR SHALL (I) PAY ALL LEGAL FEES INCURRED
BY