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