HomeMy WebLinkAbout260
M
Section 7.3 5jjCjffitgL "j'nLj*.*.W. if Trustee or any successor Trustee
shall die, resign or become disqualified from acting in the execution of this trust, or
Beneficiary shall desire to appoint a substitute Trustee, Beneficiary shall have full
power to appoint one or more substitute Trustees and, if preferred, several substitute
Trustees in succession who shall succeed to all the estates, rights, powers and duties of
Trustee. Such appointment may be executed by any authorized agent of Beneficiary,
and as so executed, such appointment shall be conclusively presumed to be executed
with authority, valid and sufficient, without further proof of any action.
Section 7.4 Ecrfc0jwLofAppQi!11Merd Should any deed,
conveyance or instrument of any nature be required from Grantor by any successor
Trustee to more fiilly and c ,itainly vest to and confirm to such successor Trustee such
estates, rights, powers and duties, then, upon request by such Trustee, all such deeds,
conveyances and instruments shall be made, executed, aclmowlcdged and delivered
and shall be caused to be recorded and/or filed by (grantor.
Section 7.5 ai9g fEL1Y6iltl,Y in no event o6 .ircumstance shall
Trustee or any substitute Trustee hereunder be personally liable under or as a result of
this Deed of Trot, either as a result of any action by Trustee (or any substitute
Trustee) in the exercise of the powers hereby granted or otherwise.
ARTICLE 8
11f1S ail.AiV au
Section 8.1 plalices. Any notice required or permitted to be given
under this Deed of Trust shall be in writing and shall be sent as required sander
Washington foreclosure laws or otherwise shall be mailed by certified mail, postage
prepaid, return receipt requested, or sent by overnight air courier service, or personally
delivered to a representative of the receiving party, or sent by telccopy (provided an
identical notice is also sent simultaneously by tuaii, ovemigbt courier, or personal
delivery as otherwise provided in this Section 8.1) All such communications shall be
mailed, sent or delivered, addressed to the party for whom it is intended at its address
set forth on the first page of this Deed of Trust. Any communication so addressed and
mailed shall be deemed to be given on the earliest of (a) when actually delivered,
(b) on the fast Business Day (as defined in the Loan Agreement) after deposit with an
overnight air courier service, or (c) on the third Business Day after deposit in the
United States mail, pottage prepaid, in each case to the address of the intended
addressee, and any communication so delivered in person shall be deemed tom given
when receipted for by, or actually received by, Beneficiary or Grantor, as the case may
be. If given by telecopy, a notice shall be deemed given and received when the
telecopy is transmitted to the parry's tclecopy number specified in the Loan Agreement
and confirmation of complete recript is received by the transmitting patty during
�11