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200011183 ARTICLE IV CONCERNING TRUSTEE 4.01 Liability and Acceptance. Trustee, by its acceptance hereof, covenants faithfully to perform and fulfill the trusts herein created, being liable, however, only for willful negligence or misconduct. Trustee accepts this trust when this Deed of Trust, duly executed and acknowledged, is made a matter of public record as provided by law. 4.02 Resignation. Trustee may resign at any time upon giving thirty (3 0) days' notice in writing to Trustor and to beneficiary. 4.03 Successor Trustee. Beneficiary may remove Trustee at any time or from time to time and select a successor trustee. In the event of the death, dissolution, removal, resignation, refusal to act, or inability to act of Trustee, or in its sole discretion for any reason whatsoever, Beneficiary may, without notice and without specifying any reason therefor and without applying to any court, select and appoint a successor trustee, and all powers, rights, duties and authority of Trustee, as aforesaid, shall thereupon become vested in such successor, without any need for conveyance from any. predecessor trustee. Such successor trustee shall not be required to give bond for the faithful performance of its duties unless required by Beneficiary. Such successor trustee shall be appointed by written instrument duly recorded in each county where the Premises or any part thereof are located, which appointment may be executed by an authorized agent of Beneficiary and if Beneficiary is a trust or corporation and such appointment be executed in its behalf by any single trustee or officer of such trust of corporation, such appointment shall be conclusively presumed to be executed with authority and shall be valid and sufficient without proof of any action by the trustees or Board of Directors or any superior officer of the trust or corporation. Trustor hereby ratifies and confirms any and all acts which the herein Trustee, or its successor or successors in this trust, shall do lawfully by virtue hereof. ARTICLE V MISCELLANEOUS 5.01 Severability. In the event any one or more of the provisions contained in this Deed of Trust shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Deed of Trust, but this Deed of Trust shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein or therein. 5.02 Unsecured Debt. If the lien of this Deed of Trust is invalid or unenforceable as to any part of the debt secured hereby, or if the lien is invalid or unenforceable as to any part of the Property, the unsecured or partially secured portion of the debt shall be completely paid prior to the payment of the remaining and secured or partially secured portion of the debt and all payments made 13