Deed of Trust Shoreline Single Family Element

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Upon written request of Beneficiary stating that all Secured Obligations have been paid or forgiven, and all obligations under the Loan Documents have been performed in full, and upon surrender of this Deed of Trust to Trustee for cancellation and retention, and upon payment by Trustor of Trustee's reasonable fees, Trustee shall reconvey the Security to Trustor, or to the person or persons legally entitled thereto. Section 8.3 Notices. Formal notices, demands, and communications between the Parties shall be sufficiently given if and shall not be deemed given unless (a) dispatched by registered or certified mail, postage prepaid, return receipt requested, (b) delivered by express delivery service, return receipt requested, (c) delivered personally, or (d) sent by electronic mail, provided that any notice sent by electronic mail must be followed by notice delivered under either (a), (b), or (c) within 2 business days. All such notices shall be delivered to the principal office of the Parties as follows: To Trustor: Monarch Bay Single Family Residential, LLC 12301 Wilshire Blvd., Suite 620 Los Angeles, CA 90025 Attn: Edward J. Miller with copy to: Nicholas F. Klein, Esq. 12301 Wilshire Blvd., Suite 620 Los Angeles, CA 90025 To Beneficiary: City of San Leandro 835 E. 14th Street San Leandro, CA 94577 Attn: Community Development Director with copy to: City of San Leandro 835 E. 14th Street San Leandro, CA 94577 Attn: City Attorney Such written notices, demands and communications may be sent in the same manner to such other addresses as the affected Party may from time to time designate by mail as provided in this Section. Receipt shall be deemed to have occurred on the date shown on a written receipt as the date of delivery or refusal of delivery (or attempted delivery if undeliverable) except that any 16