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entitled thereto. <br />(b) All sums then secured hereby; <br />20130 4018 <br />(c) The remainder, if any, to the person or persons legally <br />D. Upon the occurrence of any default hereunder, BENEFICIARY shall have <br />the option to foreclose this Trust Deed in the manner provided by law for the <br />foreclosure of mortgages on real property. <br />E. BENEFICIARY may from time to time substitute a successor or <br />successors to any TRUSTEE named herein or acting hereunder. Upon such <br />appointment, and without conveyance to the successor TRUSTEE, the latter shall be <br />vested with all title, powers, and duties conferred upon any TRUSTEE herein named or <br />acting hereunder. Each such appointment and substitution shall be made by written <br />instrument and executed by BENEFICIARY, containing reference to this Trust Deed <br />and its place of record, which, when recorded in the office of the Register of Deeds of <br />the county or counties in which said property is situated, shall be conclusive proof of <br />proper appointment of the successor TRUSTEE. The foregoing power of substitution <br />and the procedure thereof shall not be exclusive of the power and procedure provided <br />for by law for the substitution of a TRUSTEE in the place of the TRUSTEE named <br />herein. <br />F. TRUSTOR covenants and agrees that upon any conveyance, assignment <br />or transfer of his interest in the premises during the term of the loan secured hereby, <br />without BENEFICIARY'S prior written consent, the BENEFICIARY shall have the option <br />of declaring the unpaid balance immediately due and payable, and if said sum remains <br />unpaid for fifteen (15) days thereafter, BENEFICIARY can cause the Notice of Default <br />to be given and the premises be sold as provided herein. <br />G. As additional and collateral security for the loan and effective forthwith <br />upon filing of a Notice of Default, this instrument shall serve as an assignment by the <br />TRUSTOR to the TRUSTEE, of all rents and revenues resulting from the property, and <br />TRUSTEE is authorized to take possession of the property, rent or lease the same on <br />terms he deems best and to collect the rents and revenues and apply the same upon <br />unpaid interest, principal, taxes or insurance premiums or for maintenance and <br />preservation of the premises. <br />H. The waiver by TRUSTEE or BENEFICIARY of any default of TRUSTOR <br />under this Trust Deed shall not be or be deemed to be a waiver of any other or similar <br />default subsequently occurring. <br />5 <br />