Deed - 076-0273-024 - File 1363, 2000

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Policies Act of 1970" (Public Law 91-646), as amended, or by reason of any law or regulation of the United States of America or the State of California, made by persons, businesses or entities who have or may have resided or operated on the Property subject to the availability of residual receipts approved for release by HUD or nonproject assets. 11. Request for Notices. Trustor reques that copies of the noof efault and notice of sale be sent to Trustor's address which is Ii. notice eneficiary requests that copies of notices of foreclosure from the holder of any lien which has priority over this Deed of Trust be sent to Beneficiary's address, as set forth on page one of this Deed of Trust, as provided by Section 2924(b) of the Civil Code of Califomia. 12. Statement of Obligation. Beneficiary may collect a fee not to exceed $50 for furnishing the statement of obligation as provided by Section 2943 of the Civil Code of California, 13. Utilization of Property. Trustor agrees that the property subject to this Deed of Trust shall be utilized by Trustor for residential housing pursuant to the Regulatory Agreement entered into between the parties and recorded on the title of the property and failure to so utilize constitutes a default under the Deed of Trust and the Note. 14. Successors and Assigns. This Deed of Trust applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees, administrators, executors, successors, and assigns. The term Beneficiary shall mean the holder and owner of the Note secured hereby; or, if the Note has been pledged, the pledgee thereof. In this Deed of Trust, whenever the context so requires, the singular number includes the plural. 15. Other Sales. Actions, or Proceedings. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or of any action or proceeding in which Trustor, Beneficiary, or Trustee shall be a party unless brought by Trustee. 16. Substitution of Trustee. Beneficiary may from time to time or at any time substitute a Trustee or Trustees to execute the trust hereby created, and when any such substitution has been filed for record in the office of the Recorder of the county in which the Property is situated, it shall be conclusive evidence of the appointment of such Trustee or Trustees, and such new Trustee or Trustees shall succeed to all of the powers and duties of the Trustee or Trustees named herein. 17. Special Conditions. Notwithstanding any other provisions in this Deed of Trust, and so long as a mortgage affecting the Property is held by the Secretary of HUD, including its successors or assigns (the "Secretary"), or a regulatory agreement and/or use agreement in favor of the Secretary is still outstanding, the following provisions shall apply: A. HUD's Consent. Beneficiary shall not declare any default pursuant to the provisions of this Deed of Trust unless Beneficiary has received the prior written consent of the Secretary. B. Subordination. Beneficiary, for itself and its successors and assigns, covenants and agrees that all of its rights and powers under this Deed of Trust are subordinate and subject to the rights of the Secretary under that certain Deed of Trust delivered or to be delivered by Trustor for the benefit of the Secretary in connection with a Capital Advance made or to be made to Trustor in the amount of approximately $ J�Jd 30O and identified