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88_100253 r (3) To the payment of junior Trust Deeds, mortgages, or other lienholders; (4) The balance, if any, to the person or persons legally entitled thereto. E. Upon the occurrence of any default hereunder, BENEFICIARY shall have, in addition to such other options as may be granted herein, the further option to foreclose this Deed of Trust in the manner provided by law for foreclosures of mortgages on real property. F. BENEFICIARY may from time to time substitute a successor or successors to any TRUSTEE named herein or act i ng hereunder. Upon such appointment, and without conveyance to the successor TRUSTEE, the latter shall be vested with all title, powers, and duties conferred upon any TRUSTEE herein named or acting hereunder. Each such appointment and sub- stitution shall be made by written instrument and executed by BENEFICIARY, containing reference to this Deed of Trust and its place of record, which, when recorded in the office of the Register of Deeds of the county or counties in which said property is situated, shall be conclusive proof of proper appointment of the successor TRUSTEE. The foregoing power of substi tution and the procedure therefor shall not be exclusive of the power and procedure provided for by law for the substitution of a TRUSTEE in the place of the TRUSTEE named herein. G. TRUSTORS covenant and agree that upon any conveyance, assignment or transfer of their interest in the premises during the term of the loan secured hereby, the BENEFICIARY shall have the option of declaring the unpaid balance immedi ately due and payable, and if said sum remains unpaid for fifteen (lS) days thereafter, BENEFICIARY can cause Notice of Default to be given and the premises be sold as provided herein. H. As additional and collateral security for the loan, and effective forthwith upon filing of a Notice of Default, this instrument shall serve as an assignment by the TRUSTORS to the TRUSTEE, of all rents and revenues resulting from the property, and TRUSTEE is authorized to take possession of the property, rent or lease the same on terms he deems best and to - 5 - L L --.J , ~, i L L:" ) .,; -'\;::',~ ,>\ ~~~~ t<~~ ._ ..c~.; C:-.~"i: :"'~;b-.,~.<.~ If . ~-: ;Ji. -k .t(~ - -\." f) Ii~ r--- '1 ,I '<t r-- ~ r~ "