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Trustor as provided above. Notice shall be effective as of the date received by the <br />Beneficiary as shown on the return receipt. <br />15. Governing Law. This Deed of Trust shall be governed by the laws of the <br />State of California. <br />16. Severability. In the event that any provision or clause of this Deed of Trust <br />or the Promissory Note conflicts with applicable law, such conflict will not affect other <br />provisions of this Deed of Trust or the Promissory Note which can be given effect without <br />the conflicting provision, and to this end the provisions of the Deed of Trust and the <br />Promissory Note are declared to be severable. <br />17. Captions. The captions and headings in this Deed of Trust are for <br />convenience only and are not to be used to interpret or define the provisions hereof. <br />18. Default in Foreclosure; Remedies. Upon Trustor's breach of any covenant or <br />agreement of Trustor in this Deed of Trust or the Promissory Note secured by this Deed of <br />Trust, including, but not limited to, the covenants to pay, when due, any sums secured by <br />this Deed of Trust, the Beneficiary may declare all sums secured by this Deed of Trust <br />immediately due and payable by delivering to Trustor notice thereof specifying: (1) The <br />breach; (2) the action required to cure such breach; (3) a date not less than 30 days from the <br />date the notice is received by Trustor as shown on the return receipt, by which such breach <br />is to be cured provided, however, that if such default is not reasonable susceptible to being <br />cured within 30 days, Trustor shall have a reasonable period to cure the defect so long as <br />Trustor is diligently prosecuting the cure to completion; and (4) that failure to cure such <br />breach on or before the date specified in the notice may result in acceleration of the sums <br />secured by this Deed of Trust and sale of the Security. The notice will also inform Trustor <br />of Trustor's right to reinstate after acceleration and the right to bring a court action to assert <br />the non-existence of default or any other defense of Trustor to acceleration and sale. <br />If the breach is not cured on or before the date specified in the notice or such longer <br />period as provided above, the Beneficiary, at the Beneficiary's option, may: (a) declare all <br />of the sums secured by this Deed of Trust to be immediately due and payable without <br />further demand and may invoke the power of sale and any other remedies permitted by <br />California law; (b) either in person or by agent, with or without bringing any action or <br />proceeding, or by a receiver appointed by a court, and without regard to the adequacy of its <br />security, enter upon the Security and take possession thereof (or any part thereof) and of any <br />of the Security, in its own name or in the name of the Trustee, and do any acts which it <br />deems necessary or desirable to preserve the value or marketability of the Property, or part <br />thereof or interest therein, increase the income therefrom or protect the security thereof. The <br />entering upon and taking possession of the Security shall not cure or waive any breach <br />hereunder or invalidate any act done in response to such breach and, notwithstanding the <br />continuance in possession of the Security, the Beneficiary shall be entitled to exercise every <br />right provided for in this Deed of Trust, or by law upon occurrence of any uncured breach, <br />including the right to exercise the power of sale; (c) commence an action to foreclose this <br />Deed of Trust as a mortgage, appoint a receiver, or specifically enforce any of the covenants <br />hereof; (d) deliver to the Trustee a written declaration of default and demand for sale, <br />pursuant to the provisions for notice of sale found at California Civil Code Sections 2924, et <br />50 <br />80A-126 <br />