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201503' successor Trustee, who will automatically upon recordation of the instrument succeed to all estate, title, rights, powers and duties of the predecessor Trustee, without conveyance from it. Trustor waives any requirement that Trustee make an oath or give a bond. Trustee, or any one acting in its stead, may, employ agents and attorneys in the execution of this trust and /or in the conducting of any sale made pursuant to the terms hereof, and pay for such services rendered out of the proceeds of the sale of the Property; and if there is no sale or if the proceeds of sale are insufficient to pay for such services, then Trustor will pay the cost of such services to Trustee. Trustee may rely on any document believed by it in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but except to the extent otherwise required by Applicable Law, need not be segregated; and Trustee will not be liable for interest thereon. ARTICLE 11 RELEASE AND CONVEYANCE When all of the Secured Obligations have been paid and performed in full, upon written request by Trustor, Beneficiary shall request Trustee in writing to release and reconvey the Property. When Trustee receives Beneficiary's written request for release and reconveyance and all fees and other sums owed to Trustee by Trustor, Trustee shall release this deed of trust and reconvey the Property, or so much of it as is then held under this deed of trust, without warranty to the person or persons legally entitled to it. That person or those persons must pay any costs of recordation. In the reconveyance, the grantee may be described as "the person or persons legally entitled thereto," and the recitals of any matters or facts are conclusive proof of their truthfulness. Neither Beneficiary nor Trustee will have any duty to determine the rights of persons claiming to be rightful grantees of any reconveyance. ARTICLE 12 — MISCELLANEOUS 12.01 Additional Provisions. The Secured Obligation Documents state all of the terms and conditions of the parties' agreement regarding the matters mentioned in or incidental to this deed of trust. The Secured Obligation Documents also grant further rights to Beneficiary and contain further agreements and affirmative and negative covenants by Trustor which apply to this deed of trust and to the Property. 12.02 Entire Agreement. This deed of trust and the other Secured Obligation Documents collectively: (a) represent the sum of the understandings and agreements between Beneficiary and Trustor concerning this credit; (b) replace any prior oral or written agreements between Beneficiary and Trustor concerning this credit; and (c) are intended by Beneficiary and Trustor as the final, complete and exclusive statement of the terms agreed to by them. 12.03 Other Acts. Trustor shall cooperate with Trustee and Beneficiary for the purposes of, and perform all acts which may be necessary or advisable to perfect any Lien provided for in this deed of trust or to carry out the intent of this deed of trust. Promptly (but in no event more than ten days) after request by Trustee or Beneficiary, Trustor will execute, acknowledge and deliver any document which Trustee or Beneficiary deems necessary or advisable for these purposes, and will, on demand, pay any expenses incurred by Trustee or Beneficiary in the preparation, execution and filing of any such documents. 12.04 No Waiver or Cure. Each waiver by Trustee or Beneficiary must be in writing, and no waiver is to be construed as a continuing waiver. No waiver is to be implied from any delay or failure by Trustee or Beneficiary to take action on account of any default of Trustor. Consent by Trustee or Beneficiary to any act or omission by Trustor must not be construed as a consent to any other or subsequent act or omission or to waive the requirement for Trustee's or Beneficiary's consent to be obtained in any future or other instance. The exercise by Trustee or Beneficiary of any right or remedy under this deed of trust or the other Secured Obligation Documents or under Applicable Law, shall not: cure or waive a breach, Event of Default or notice of default under this deed of trust or invalidate any act performed pursuant to any such default or notice; or nullify the effect of any notice of default or sale (unless all Secured Obligations then due have been paid and performed and all other defaults under the Secured Obligation Documents, have been cured); or impair the security of this deed of trust; or prejudice Willoughby Deed of Trust, Assignment of Rents, Security Agreement, and Fixture Filing Loan no. 197694 16 Rev. 1.7.2015