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ft- 101136
<br />(1) To the cost and expense of exercising the power of sale
<br />and of the sale, including attorney tees, evidence of '
<br />title and other sale expenses, and a trustee's fee not to
<br />exceed four percent of the gross sale price;
<br />(2) To the payment of the obligation secured by this Deed of
<br />Trust and Trust Deed Note;
<br />(3) To -the payment of junior Trust Deeds, mortgages, or other
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<br />lienholders;
<br />(4) The balance, if any, to the person or persons legally
<br />entitled thereto.
<br />E. Upon the occurrence of any default hereunder, BENEF-tVLARY
<br />shall have, in addition to such other options as may be.
<br />granted herein, the further option to foreclose this Deed of
<br />Trust in the manner :provided by law for foreclosures of
<br />mortgages on real property.
<br />F. BENEFICIARY may from time to time substitute a successor or
<br />successors to any,.TRUSTEE named herein or acting hereunder.
<br />;',;....
<br />Upon such appointment, and without conveyance to the successor
<br />TRUSTEE, the latter shall be vested with all title, powers,
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<br />and duties conferred upon any TRUSTEE herein named or acting,
<br />;�r4
<br />hereunder. Each such appointment and substitution 'shall be'
<br />made by written instrument and executed by BENEFICIARY,
<br />a
<br />containing referen^e to this Deed of Trust and its Olace of
<br />record, which, when recorded in the office of the Register of
<br />Deeds of the county or counties in which said property is
<br />situated, shall be conclusive proof of proper appointment of
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<br />the successor TRUSTEE. The foregoing power of substitution
<br />and the procedure therefor shall not be exclusive of the power
<br />and procedure provided for by law for the substitution of a
<br />TRUSTEE in the place of the TRUSTEE named herein.
<br />G. TRUSTORS covenant and agree that upon any conveyance,
<br />assignment or transfer of their interest in the. premises
<br />during the term of the Loan secured hereby, the BENFICIARY
<br />shall have the -option of declaring the unpaid balance
<br />immediately due and payable, and if said sum :remains unpaid
<br />for fifteen (15) days thereafter, BENEFICIARY c4a cause Notice
<br />of Default to be given and the premises be sold as provided
<br />herein.
<br />H. As additional and collateral security for the loan, and
<br />effective forthwith upon filing of a Notice of Default, this
<br />instrument shall serve as.an assignment by the TRUSTORS to the
<br />TRUSTEE, of all rents and revenues resulting from the
<br />property, and TRUSTEE is authorized to take possession of the
<br />property, rent or lease the same on terms he deems best and
<br />to collect the rents and revenues and apply the same upon
<br />unpaid interest, principal, taxes or insurance premix 2s or for
<br />maintenance and preservation of the premises.
<br />I. The waiver by TRUSTEE or BENEFICIARY of any default of
<br />TRUSTORS under this Deed of Trust, on one occasion, shall not
<br />be or be deemed to be a waiver of any other or similar
<br />defaults subsequently occurring.
<br />J. If title to any part of the property herein shall be taken in
<br />condemnation proceedings, by right of eminent domain, or
<br />similar action, or shall be sold under threat of condemnation,
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<br />all awards, damages and proceeds are hereby assigned and shall
<br />be paid to the BENEFICIARY, who shall apply such payment, or
<br />L any part thereof, in their sole discretion, to the sum due
<br />at that time on this Deed of Trust and Trust Deed Note, with
<br />any balance above the amount due hereunder payable to the
<br />TRUSTORS.
<br />K. The BENEFICIARY, their agents or representatives, are hereby
<br />authorized to enter, at any reasonable time, upon any part of
<br />the trust property for the purposes of inspecting the same and
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