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202105675
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7/2/2021 4:19:48 PM
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7/2/2021 4:19:46 PM
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DEEDS
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202105675
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5.9 Trustor Notice. Trustor, for itself and each party hereto, hereby requests a copy of any notice of <br />default under this Deed of Trust, and any notice of sale under this Deed of Trust be mailed to them at the address set <br />forth in the first paragraph of this Deed of Trust. <br />ARTICLE 6 <br />MISCELLANEOUS <br />6.1 Applicability of General Provisions. All provisions of the Loan Agreement Article entitled "General <br />Provisions" apply to this Deed of Trust, the same as if such provisions were set forth in full in this Deed of Trust. <br />6.2 The Trustee. <br />(a) Rights and Obligations of Trustee. Trustee accepts the trusts hereby created and agrees to <br />perform its duties in this Deed of Trust for the benefit of Lender. To the extent permitted by and consistent <br />with Applicable Law, Trustee will not exercise its rights under this Deed of Trust except upon written <br />direction from Lender. <br />(b) Resignation of Trustee. Trustee may resign and be discharged of the trusts by giving notice <br />thereof to the holder of the Note and Trustor (or any subsequent owner of Trustor's interest in the Trust <br />Estate) specifying the date (not less than ninety (90) days after such notice) when such resignation shall take <br />effect. Such resignation shall take effect on the earlier of the date so specified or the appointment and <br />acceptance of a successor trustee pursuant to Section 6.2(c). <br />(c) Successor Trustee. Trustee may be removed at any time by notice from the holder of the Note, <br />and Lender may appoint a successor trustee by recording a substitution trustee in the office of the register of <br />deeds of the county in which the Premises are located. If Trustee shalt have given notice of its intention to <br />resign, shall resign, be removed or otherwise be incapable of acting, or if Trustee shall be taken under the <br />control of any public officer or a receiver appointed by a court, or be adjudged bankrupt or insolvent, then a <br />successor may be appointed by the holder of the Note, provided that Trustor may appoint a successor trustee <br />to act until such successor shall be so appointed. Trustor shall notify the holder of the Note of any such <br />appointment by Trustor, but any successor trustee so appointed by Trustor shall immediately and without <br />further act be superseded by a successor trustee appointed by the holder of the Note as above provided. <br />(d) Payment of Trustee's Compensation. Trustor shall pay or cause to be paid the compensation to <br />which Trustee is entitled hereunder and all proper disbursements and expenses incurred by Trustee <br />hereunder. <br />(e) Separate and Co -Trustees. <br />(i) If Trustee deems such to be necessary or prudent, Trustee shall have the power to <br />appoint one or more persons to act as separate trustees or co -trustees, jointly with Trustee, of any of <br />the property subject to the lien hereof, and any such person shall be such separate trustee or co -trustee, <br />with such powers and duties as shall be specified in such instrument. <br />(ii) Such separate trustee or co -trustee, upon acceptance of such trust, shall be vested with <br />the estates or property specified in such instrument, either jointly with Trustee, or separately as may <br />be provided therein, subject to all the trusts, conditions and provisions of this Deed of Trust; and <br />every such instrument shall be filed with Trustee. <br />(f) Liability of Trustee. No trustee hereunder shall be personally liable by reason of any act or <br />omission of any other trustee hereunder. <br />13 <br />4824-7747-5567 <br />
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