Substitution of Trustees. Beneficiary may from time to time appoint another trustee to act in the place and stead of Trustee or any successor. Upon such appointment and without conveyance, the successor trustee shall be vested with all title, powers, and duties conferred upon Trustee.
Appears in 2 contracts
Sources: County CDBG Loan Deed of Trust, Assignment of Rents, and Security Agreement, Subordinated Deed of Trust, Assignment of Rents, and Security Agreement