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i <br />90-- 107291 90- V09 - <br />by this Deed of Trust and Trust Dead <br />Note; <br />(3) To the payment of junior Trust Deeds,-=- - <br />mortgages, or other lienholders; <br />(4) The balance, if any, to the person or <br />persons legally entitled thereto. <br />Upon the occurrence of any default hereunder, <br />BENEFICIARY shall have, in addition to such <br />other options as may be granted herein, the <br />further option to foreclose this Deed of Trust <br />in the manner provided by law for foreclosures <br />of mortgages on real property. <br />BENEFICIARY may from time to time substitute a <br />successor or successors to any TRUSTEE named <br />herein or acting hereunder. Upon such <br />appointment, and without conveyance to the <br />successor TRUSTEE, the latter shall be vested <br />with all title, powers, and duties conferred <br />upon any TRUSTEE herein named or acting <br />hereunder. Each such appointment and sub- <br />stitution shall be made by written instrument <br />and executed by BENEFICIARY, containing <br />reference to this Deed of Trust and its place <br />of record, which, when recorded in the office <br />of the Register of Deeds of the county or <br />counties in which said property is situated, <br />shall be conclusive proof of proper <br />appointment of the successor TRUSTEE. The <br />foregoing power of substitution and the <br />procedure therefor shall not be exclusive of <br />the power and procedure provided for by law <br />for the substitution of a TRUSTEE in the place <br />of the TRUSTEE named herein. <br />TRUSTORS covenant and agree that upon any <br />conveyance, assignment or transfer of their <br />interest in the premises during the term of <br />the loan secured hereby, the BENEFICIARY shall <br />have the option of declaring the unpaid <br />balance immediately due and payable, and if <br />said sum remains unpaid for fifteen (15) days <br />thereafter, BENEFICIARY can cause Notice of <br />Default to be given and the premises be sold <br />as provided herein. <br />As additional and collateral security for the <br />loan, and effective forthwith upon filing of a <br />Notice of Default, this instrument shall serve <br />as an assignment by the TRUSTORS to the <br />TRUSTEE, of all rents and revenues resulting <br />I <br />t; - °• <br />f <br />