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<br />88- 100678 <br /> <br />F. 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 substi tution 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 /> <br />G. TRUSTORS covenant and agree that upon any <br />conveyance, assignment or transfer of their <br />interest in the premi ses during the term of <br />the loan secured hereby, the BENEFICIARY shall <br />have the option of declaring the unpaid <br />balance immedi ate ly 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 /> <br /> <br />H. 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 />from the property, and TRUSTEE is authorized <br />to take possession of the property, rent or <br />lease the same on terms he deems best and to <br />collect the rents and revenues and apply the <br />same upon unpaid interest, principal, taxes or <br />insurance premiums or for maintenance and <br />preservation of the premises. <br /> <br />I. The wai ver by TRUSTEE or BENEFICIARY of any <br />default of TRUSTORS under this Deed of Trust, <br />on one occasion, shall not be or be deemed to <br />be a waiver of any other or simi lar defaul ts <br />subsequently occurring. <br /> <br />J. If ti tIe to any part of the property herein <br />shall be taken in condemnation proceedings, by <br />right of eminent domain, or similar action, or <br />shall be sold under threat of condemnation, <br /> <br />r---- <br /> <br />-5- <br /> <br />L <br /> <br />-.J <br /> <br />J., <br />. <br />"r} <br />~ <br />,:..' <br />JB <br /> <br />r' <br />