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2oioos34� disposition of personal property security held from any Obligor or any other person; (D) take any action or pursue any ather remedy in 8eneficiary's power; or (E) make any presentment or demand for performanc�, or give any natice of nonperformance, protest, notice of protest ar notice of dishonor hereunder or in connectinn with any obligations or evidences of indebtedness held by Beneficiary as security for or which constitute in whole or in part the Secured Obligations, or in connection with the creation of new or additional obligations. (ii) Each Third Party Trustor waives any defense ta its abligations hereunder based upon or arising by reasan of: (A) any disability or other defens� of any Obligor or any other person; (B) the cessation or limitation from any cause whatsaever, other than payment in full, of any Secured Obligation; (C) any lack of authority of any officer, directar, partner, agent or any other person acting or purporting to act on behalf of any Obligor which is a corporation, partnership ar other type of entity, or any defect in the formation af any such Obligor; (D) the application by any Obligor of the proceeds of any Secured Obligation for purposes other than the purposes represented by any Obligor to, or intended or understood by, Beneficiary or any Third Party Trustor; (�) any act ar omission by Beneficiary which directly or indirectly results in or aids the discharge of any Obligor or any por#ion of any Secured Obligation by operation nf law or atherwise, or which in any way impairs or suspends any rights or remedies of Beneficiary against any Obligor; (F) any impairment of the value af any interest in any security far the Secured Obligations or any portion thereof, including without limitation, the failure to obtain or maintain perfection or recordation of any interest in any such security, the release of any such security without substitution, and/or the failure to preserve the value of, qr to comply with applicable law in disposing pf, any such security; (G) any modification of any Secured Obligation, in any form whatsoever, including without limitation the renewal, extension, acceleration or other change in time for payment of, or other change in the terms of, any Secured Obligation or any portion thereaf, including increase or decreas� of the rate of interest thereon; or (H) any requirement that Beneficiary give any notice of acceptance of this Deed of Trust. Until all Secured Obligations shall have been paid in full, no Third Party Trustor shall have any right of subrogation, and each 1'hird Party Trustor waives any right to enforce any remedy which Beneficiary now has or may hereafter have against any Obligor or any other person, and waives any benefit of, or any right to participate in, any security now or hereafter hEld by Beneficiary. Each Third Party Trustar further waives all rights and defenses it may have arising out of: (1) any election of remedies by Beneficiary, even though that election of remedies, such as a non- judicial foreclosure with respect to any security far any portion of the Secured Obligations, destroys such Third Party Trustor's rights of subrogation or such 7hird Party Trustor's rights to proceed against any Obligor for reimbursement; or (2) any loss of rights any Third Party Trustor may suffer by reason of any rights, powers or remedies of any Obligor in connection with any anti-deficiency laws or any ather laws limiting, qualifying ar discharging any Obligor's obligations, whether by operation pf law or otherwise, including any rights any Third Party Trustor may have to a fair market value hearing to determine the size of a deficiency following any trustee's foreclosure sale ar other disposition of any security far any portion of the Secured Obligations. (iii) If any qf said waivers is determined to be contrary to any applicable law or public policy, such waiuer shall be effective to the extent permitted by applicable law or public policy. 4.19 A�Ilon of Unit,Owners. The follawing provisions apply if the Real Property has been submitted to unit ownership law or similar law for the establishment of condominiums or cooperative ownership of the Real Property: ' (a) Power of A rne . Trustor/Grantor grants an irrevocable power of attorney to Beneficiary and Trustee to vote in Beneficiary's and Trustee's discretion pn any matter that may come before the association of unit owners. Beneficiary and Trustee shall have the right to exercise this power of attorney only after Trustor's/Grantor's default; however, Beneficiary and Trust�e may decline to exercise DeedOfTrust-N� Job 1550608450-1310239188 Lpan Vers.1 12/03/2010 Page 11 of 19