Trustor and Beneficiary. I. The Principal is the Signatory.
Trustor and Beneficiary. 一、 委託人即為立約定書人。 The Principal is the Signatory. 二、 本約定書之受益人為委託人本人，由委託人享有本約定書項下之全部信託利益。 Beneficiary of the Agreement is the Principal, who shall be entitled to receive all the trust benefits under the Agreement.
Trustor and Beneficiary. In order, therefore, to induce Beneficiary to accept the Participation Agreement, except with respect to a transfer which is included in items (i) and (ii) of the definition of "Authorized Transfer," in Section 3.7 of the Participation Agreement (a "Permitted Transfer"), Trustor agrees not to transfer or further encumber the Subject Property, or any portion thereof, or any interest therein, without the prior written consent of Beneficiary. In the event Trustor, or any successor in interest of Trustor, shall transfer or further encumber the Subject Property or any portion thereof, or any interest therein, other than by a Permitted Transfer, without first obtaining the written consent of Beneficiary, all indebtedness secured by this Deed of Trust, including without limitation the amount due under the Participation Agreement, shall, at the option of Beneficiary and without notice or demand, become immediately due and payable. As used herein, "transfer" includes the sale, option to sell, transfer or conveyance of the Subject Property, or any portion thereof, or any interest therein, or the transfer of any general partnership interests, membership interests or shares of stock (as applicable) in Trustor, whether voluntary, involuntary (except by eminent domain or upon death or mental incapacity), by operation of law or otherwise, except that the transfer of outstanding capital stock or other listed equity interests through the "over-the-counter" market or any recognized national or international securities exchange, shall not be included in determining whether Subject Property has been transferred.
