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200111210 <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 <br />to exceed four percent (40) 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 <br />other 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 />Trust in the manner provided by law for foreclosures of <br />mortgages on real property. <br />F. BENEFICIARIES may from time to time substitute a successor or <br />successors to any TRUSTEE named herein or acting hereunder. <br />Upon such appointment, and with conveyance to the successor <br />TRUSTEE, the latter shall be vested with all title, powers, <br />and duties conferred upon any TRUSTEE herein named or acting <br />hereunder. Each such appointment and substitution shall be <br />made by written instrument and executed by BENEFICIARIES, <br />containing reference to this Deed of Trust and its place 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 <br />the successor TRUSTEE. The foregoing power of substitution <br />and the procedure therefor shall not be exclusive of the <br />power and procedure provided for by law for the substitution <br />of a TRUSTEE in the place of the TRUSTEE named herein. <br />G. TRUSTORS covenant and agree that upon any attempted <br />conveyance, assignment, pledge or transfer of any of his <br />interest in the premises during the term of the loan secured <br />hereby, the BENEFICIAARES shall have the option of declaring <br />the unpaid balance immediately due and payable, and if said <br />sum remains unpaid for fifteen (15) days thereafter, <br />E <br />