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<br />-'��'� as other*aise provided by law, Trustee ia not obligated to no�ify
<br />_=;�;�;.-� any party hereto of a pending sale under this �eed or of any action —
<br /> --_= or proceeding in which Grantor, Beneficiary or Trustee shall be a _
<br /> ^ W party, unless brought by Trustee. The necessity of Trustee herein
<br /> '~�'�°_��� named or any successor in trust, making oath or giving bond, is
<br /> ��� expresely waived. �
<br /> -""'-'���'� 4.i l �^h°*�r'�t i�r� of Trustee. Grantor agrees that Henef iaiary
<br /> ��' may, from �ime to time, without no�ice to Grantor and with or
<br /> �=��;�� without cause, substitute a successor or successors t� any Trustee
<br /> -=_-_� named herein or acting hereunder to execu�e this Trust. Upnn such
<br /> ---� appointment, and wi.thout conveyanae to the successor Trustee, the
<br /> ----- latter shall be vested with all title, powers and duties conferXed
<br /> `- == upon any trustee herein named or actirsg hereun der. E a c h s u c h
<br /> __ appointment and subst itu�fon shall be made by wr�tten Deed of
<br /> --- Appointment executed by Benefiaiary, containing ref erence t� this
<br /> - De�d and its place of record, which, when duly filed for rec:ord in
<br /> _--;o`,; the property office of the county or aaunties in which the Property
<br /> -�: is situated, shall be conclusive proof of proper appointment of the
<br /> A� � su�cessor Trustee. The procedure herein providad for substit�xtion
<br /> Y��`O��"`i of Trustee shal:l not he exclusive of all other provisions for
<br /> - substitution, statutory or otherwise.
<br /> 4.12 Covenants Binding on or Inurina to Successors and
<br /> = Ass . All af the covenants herein contained are joint and
<br /> __�-_:-��� several and shall also bind, and the benefi.ts and advantages
<br /> --°-- thereof shall also inure to, the respective heirs, executors,
<br /> --�� adminxstratars, successo�rs and assigns of the parti.es hereto.
<br /> -- °- •__-
<br /> --°= 4.13 Number and_Gender. Whenever used, tize singular nuauu��
<br /> shall includ� the plural , the plural the singular and the use of
<br /> any gender shall inclu.de all genders.
<br /> 4.14 Canaellation of Deed of Trust. When the Secured
<br /> Indebtedness hereby shall have been fully paid to Beneficiary and
<br /> all covenants herein to be performed by Grantar shall have been
<br /> _-- fully performed, BeneficiaXy shall cause the lien of this Deed to
<br /> be satisfied, disaharged and cancelled of rec.ord, at the cost and
<br /> expense of Grantor and upon cancellation of this Deed, the lien of
<br /> this Uaed sha�l �ae rendered null and vo id without any further
<br /> affirmative act of BenePiciary.
<br /> 4.15 Arbitration.
<br /> - _ _ (a) Any controversy or claim between or among the
<br /> _�_=�� parties hereto including but not limited to those arising out of or
<br /> = relating to this Deed or any related agreements or instruments,
<br /> ��--_=__- including any claim based on or arising from an alleged tort, ahall
<br /> _,s�—_� be determined by binding arbitration in accordance with the Federal
<br /> -=-:��--�� Arbitration Act (or if not applieable, the applicable state law) ,
<br /> _.��:� the Rules of Practice and procedure for the Arbitration of
<br /> m;;;;,�'.: Coihmercial nisputes ot J.A.M.S./Endispute or any successor thereof
<br />_-�:,. �:;�:� . ("J.A.M.S.") , and the "Special Rules" as set forth below. In the
<br /> -. . = event of any inconsistency, the Special Rules shall control.
<br /> . Judgment upon any arbitration award may be ent•ered in any court
<br /> having juxisdiction. Any party to th.is Deed may bring an action,
<br /> � � including a summary or ex�edited proceeding, to compel arbitration _
<br /> �� of any controversy ur claim to which this Deed applies in any court �+
<br /> �' having jurisdiction over such action. _
<br /> s _
<br /> �. (b) The ar_bitration shall be cvnducted in the city of _
<br /> Grantor's domicile at the time of the execution of this Deed and
<br /> " " '� oint an arbitrator; if
<br /> + ac3minister�d by J.A.M. S. who will app -
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<br /> " ' J.}\.r'(.$. 1S unable OT legaliy preciudeu LL Vm auiniaua...-.-�••y ..••— —
<br /> � � arbitration, then *he American Arbitration Association wi11 serve. _
<br /> All arbitration hearinqs will be commenced within ninety (90) days �
<br /> of the demand for arb itration; further, the arbitratnr �hall only, �
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