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12. Successors and Assigns. This Deed of Trust applies to, inures to the benefit of, <br />and binds all parties hereto, their heirs, legatees, devisees, administrators, executors, successors, <br />and assigns. The term Beneficiary shall mean the holder and owner of the Note secured hereby; <br />or, if the Note has been pledged, the pledgee thereof. In this deed of Trust, whenever the context <br />so requires, the singular number includes the plural. <br />13. Other Sales, Actions, or Proceedings. Trustee is not obligated to notify any party <br />hereto of pending sale under any other Deed of Trust or of any action or proceeding in which <br />Trustor, Beneficiary, or Trustee shall be a party unless brought by Trustee. <br />14. Substitution of Trustee. Beneficiary may from time to time or at any time <br />substitute a Trustee or Trustees to execute the trust hereby created, and when any such <br />substitution has been filed for record in the office of the Recorder of the county in which the <br />Property is situated, it shall be conclusive evidence of the appointment of such Trustee or <br />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 />IN WITNESS WHEREOF, Trustor has executed this Deed of Trust. <br />Trustor: <br />San Leandro Chamber of Commerce <br />B I-&, L-, <br />Y� <br />Its: Chief Executive Officer <br />