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88-102837 conclusive proof of the truthfulness thereof. ~"V person, including BENEFICIARY, may purchase at the sale. TRUSTOR hereby covenants to warrant and defend the title of the above property to purchaser at sale. D. When the TRUSTEE sells the trust property pursuant to the powers granted herein, the TRUSTEE shall apply the p;coceeds from the sale of such property in the following order of priority: (I) To the cost and expense of exercising the power of sale and of the sale, including attorney fees, evidence of title and other sale expenses, and a trustee's fee not to exceed four percent of the gross sale price; (2) To the payment of the obligation secured by this Deed of Trust and Trust Deed Note: (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 def aul thereunder, 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 acting 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 subst i tut ion 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 foregoi ng power of substi tution and the procedure therefor shall not be exclusive of the power and procedure provi ded 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 dur i ng the term of the loan secured hereby, the BENEFICIARY shall have the option of declaring the unpaid balance immediately due and payable, and if said sum remains unpaid for fifteen (15) 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 collect the rents and revenues and apply the same upon unpaid interest, principal, taxes or insurance premiums or for maintenance and preservation of the premises. 1. The waiver by TRUSTEE or BENEFICIARY of any default of TRUSTORS under this Deed of Trust, on one occasion, shall not be or be deemed to be a waiver of any other or similar defaults subsequently occurring. J. If title to any part of the property herein shall be taken in condemnation proceedings, by right of eminent domain, or similar action, or shall be sold under threat of condemnation, all awards, damages and proceeds are hereby assigned and shall - 3 -