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r L 89- 101136 Be Provide BENEFICIARY with receipts evidencing payment of the real estate taxes for each year during the term of this indebtedness. MISTORS covenant. and agree that a failure to make any payment# either principal or interest, opt the Note secured hereby .when due and payable, or a• failure to comply with any of the covenants, and agreEments herein made shall Cause the whole sum of money hereby secured to become immediately due and collectible at the <optioh.:;of the BENEFICIARY, and S�'NEFICIARY shall have the right, to . c4use Notice of- Default to be:: given and the premises to be sald-as' provided herein. The patties'o3utually.agree as foliaws: A. At any. ;tine and from time to time upon .written request of •.. BENEFICIARY, payment of fees: and presentation of this Deed of `rust and -the Note for ' endor§ement .(in case of full reconvejince, for cancellation and retention), without ; ag €ec sag the liability of any person for the payment of. -the; - _Andebttedness, TRUSTEE may. ( a) consent to the maklft � of or plat of said property~ (b) join in granting airy; ,easemei�t' or. ..creating any restrictiot thereon; (c) jour; in any- subordination or other- agreement affecting this De6d of Trust ', or the lien or. charge thereof; (d) .r+econvey, without warranty,. S .: .. all or any part of said property. Be- :; The grantee in any reconveyance -may be described - as "the person or persons entitled thereto ",, and the recitals therein' of any matters or facts shall be conclusive proof of t!6 truthfulness thereof. C. Upon default by TRUSTORS in the payment of indebtedness . secured hereby or in the performance of any, agreement,. hereunder, BENEFICIARY may declare all sums secured hereby immediately due and payable by delivery to TRUSTEE of written declaration of default. If BENEFICIARY desires said property to be sold, they shall deposit -with TRUSTEE this Deed of Trust and all promissory notes'-and documents evidencing expenditures secured hereby, and rsftall deliver to TRUSTEE a written Notice of Default and election to cause said property to be sold in the form required by' law, which shall be duly filed for record by TRUSTEE. (1) After the lapse of such time as may be required by law, presently being one (1) month following the recordation of said Notice of Default, and Notice of Default and Notice of Sale having been given as required by law, TRUSTEE, without demand on TRUSTORS, shall sell said property on the date and at the time and place designated in said Notice of Sale, at public auction to the highest bidder, the purchase price payable in lawful money of the U'n.ited States at the time of sale. The person conducting the sale may, for any cause he deems expedient, postpone the sale from time to time until it shall be completed and in every such cas'e, notice of postponement shall be given by public declaration thereof by such person at the tike and place last appointed' for the sale; provided, if the sale is postponed for longer than one (1) day b6yond... the day designated in the Notice of Sale, notice thereof shall be given in the same manner as the original Notice of Sale. TRUSTEE shall execute and deliver to the purchaser his Deed conveying said property so sold, bu`� without any covenant or warranty, express or implied. The recitals in the Deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including BENEFICIARY, may purchase at the sale. TRUSTOR hereby covenants to warrant and defend the title of the above property to purchaser at sale. D. When the TRUSTEE sells the trust property pursuant to the powers granted herein, the TRUSTEE shall apply the proceeds from the sale of such property in the following order of priority; 2 - .1 ir i M �. z