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<br />17 <br />any other agreement or instrument acknowledged by Trustor (whether existing now or in <br />the future) which states that it is or such obligations are, secured by this Deed of Trust; <br />(iv) all modifications, supplements, amendments, renewals, and extensions of any of the <br />foregoing, whether evidenced by new or additional documents; and (v) reimbursement of <br />all amounts advanced by or on behalf of Beneficiary to protect Beneficiary's interests <br />under this Deed of Trust. <br /> <br />3. Assignment of Rents, Issues, and Profits. Trustor hereby irrevocably, absolutely, <br />presently and unconditionally assigns to Beneficiary the rents, royalties, issues, profits, <br />revenue, income and proceeds of the Property. This is an absolute assignment and not an <br />assignment for security only. Beneficiary hereby confers upon Trustor a license to collect <br />and retain such rents, royalties, issues, profits, revenue, income and proceeds as they <br />become due and payable prior to any Event of Default hereunder. Upon the occurrence of <br />any such Event of Default, Beneficiary may terminate such license without notice to or <br />demand upon Truster and without regard to the adequacy of any security for the <br />indebtedness hereby secured, and may either in person, by agent, or by a receiver to be <br />appointed by a court, enter upon and take possession of the Property or any part thereof, <br />and sue for or otherwise collect such rents, issues, and profits, including those past due and <br />unpaid, and apply the same, less costs and expenses of operation and collection, including <br />reasonable attorneys' fees, to any indebtedness secured hereby, and in such order as <br />Beneficiary may determine. Beneficiary's right to the rents, royalties, issues, profits, revenue, <br />income and proceeds of the Property does not depend upon whether or not Beneficiary takes <br />possession of the Property. The entering upon and taking possession of the Property, the <br />collection of such rents, issues, and profits, and the application thereof as aforesaid, shall <br />not cure or waive any default or notice of default hereunder or invalidate any act done <br />pursuant to such notice. If an Event of Default occurs while Beneficiary is in possession of all <br />or part of the Property and/or is collecting and applying Rents as permitted under this Deed <br />of Trust, Beneficiary, Trustee and any receiver shall nevertheless be entitled to exercise and <br />invoke every right and remedy afforded any of them under this Deed of Trust and at law or <br />in equity, including the right to exercise the power of sale granted hereunder. Regardless of <br />whether or not Beneficiary, in person or by agent, takes actual possession of the Land and <br />Improvements, Beneficiary shall not be deemed to be a "mortgagee in possession," shall not <br />be responsible for performing any obligation of the lessor under any Lease, shall not be liable <br />in any manner for the Property, or the use, occupancy, enjoyment or operation of any part <br />of it, and unless due solely to the willful misconduct or gross negligence of Beneficiary, shall <br />not be responsible for any dangerous or defective condition of the Property or any negligence <br />in the management, repair or control of the Property. <br /> <br />4. Fixture Filing. This Deed of Trust is intended to be and constitutes a fixture filing <br />pursuant to the provisions of the Uniform Commercial Code ("UCC") with respect to all of <br />the Property constituting fixtures, is being recorded as a fixture financing statement and <br />filing under the UCC, and covers property, goods and equipment which are or are to <br />become fixtures related to the Land and the Improvements. Trustor covenants and agrees <br />that this Deed of Trust is to be filed in the real estate records of Alameda County and shall <br />also operate from the date of such filing as a fixture filing in accordance with Section 9502 <br />and other applicable provisions of the UCC. This Deed of Trust shall also be effective as a <br />financing statement covering minerals or the like (including oil and gas) and accounts <br />subject to the UCC, as amended. Trustor shall be deemed to be the "debtor'' and <br />Beneficiary shall be deemed to be the "secured party" for all purposes under the UCC. The <br />Page 214 of 344