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<br />given-in the same,manner as:the original Notice o€ Sale.
<br />' TRUSTEE `shall' execute and deliver .to. sthe purchaser' his • '
<br />Deed, conveying said property so sold, but without any
<br />covgnant.or warranty, express or implied. The recitals
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<br />n the Deed of any matters or facts; .shall I. be conclusive
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<br />proof of the -truthfulness tliereof.' Any person, Including
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<br />;BENEFICIARIES, may purchase at the sale. TRUSTOR hereby
<br />covenants to warrant and defend the title of the above
<br />property to purchaser at sale. '
<br />- D. When the TRUSTEE sells 'the trust property pursuant to 'the
<br />_ powers - granted herein, the TRUSTEE shall apply the proceeds
<br />from the sale' 'of, such property ' . in the following order of
<br />priority: -
<br />(1) To the cost and expense of exercising the power of -sale
<br />and of the sale, including attorney, fees,' evidence of
<br />`•' title and other sale expenses, and'a trustee's fee not to
<br />exceed three.percent.'(31)of the gross sale.price=
<br />(2) To the payment of the obligation. secured by this Deed of
<br />Trust and Trust Deed Mote;
<br />(3) To.the payment of junior Trust Deeds, mortgages, or other
<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, BENEFICIARIES
<br />shall have, in addition to such other options as may be
<br />granted herein, the further option to foreclose this Deed of
<br />r -ry
<br />Trust in the manner provided by law for foreclosures of
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<br />mortgages on real property.
<br />F. BENEFICIARIES may from time.to time substitute a successor or
<br />i_ successors to any TRUSTEE named herein or acting hereunder. Upon
<br />such appointment, and without conveyance to the successor TRUSTEE,
<br />i the latter shall be vested with all title, powers, and duties
<br />conferred upon any TRUSTEE herein named or acting hereunder. Each
<br />such. appointment and substitution shall be made by written
<br />instrument and executed by BENEFICIARIES, containing reference to
<br />this need of .Trust• and its place of record, which, when recorded
<br />in the' office of the Register of Deeds of the county or counties
<br />-in which said property is situated, shall be conclusive proof of
<br />proper appointmentJaf the successor" TRUSTEE.' The foregoing power
<br />of substitution and the procedure therefor shall not be exclusive
<br />of the power and procedure provided for by law for the
<br />substitution of a, TRUSTEE in the place of the TRUSTEE. named
<br />herein.
<br />G. TRUSTORS ' covenant' and agree that upon any attempted
<br />conveyance,` assignment, pledge or transfer of any of their
<br />interest in the premises during the term of the loan secured
<br />hereby, the BENEFICIARIES shall have the option of declaring
<br />the unpaid balance immediately due and payable, and if said
<br />sum remains unpaid for twenty (20) days thereafter,
<br />BENEFICIARIES can cause Notice of Default to.be given and the
<br />premises be sold as provided 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 />j
<br />TRUSTEE,, of all rents and revenues resulting from. the
<br />property, and TRUSTEE it authorized to take
<br />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 premiums or for
<br />maintenance and preservation of the premises.
<br />.
<br />I. The waiver by TRUSTEE or BENEFICIARIES of any default of
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<br />TRUSTORS under this Deed of Trust, on one occasion, shall not
<br />bp 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.
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