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200709786 BENEFICIARIES shall have the right to cause Notice of Default to be given and thc premises to be sold as provided herein. The parties mutually agree as follows: A. At any time and from time to time upon written request of BENEFICIARIES, payment of fecs ffild presentation of this DEED OF TRUST and the Note for endorsement (in case of full reconveyance, for cancellation and retention), without aflecting the liability of ffily person for the payment of the indebtedness, TRUSTEE may (a) consent to the making of any map or plat of said property; (b) join in grffilting any easement or creating ffilY restriction thereon; (c) join in ffilY subordination or other agreement affecting this DEED OF TRUST or the lien or charge thereof; (d) reconvey this DEED OF TRUST or the lien or charge thereof; (d) reconvey, without wffiTanty, all or ffilY part of said property. B. The grantee in any Deed of Reconveyance may be described as "the person or persons entitled thereto", and the recitals therein OfffilY matters or facts shall be conclusive proof of the truthfulness thereof. C. Upon default by TRUSTOR in the payment of indebtedness secured hercby or in the perf'i:mnance of any agreement hereunder, BENEFICIARIES may declare all sums secured hereby immediately due and payable by delivery to TRUSTEE of written declaration of default. If BENEFICIARIES desire said property to be sold, they shall deposit with TRUSTEE this DEED OF TRUST and all promissory notes and documents evidencing expenditures secured hereby, and shall deliver to TRUSTEE a written Notice of Default and election to cause said property to be sold in the form required by law, which shall be duly filed for record by TRUSTEE. 1. After the lapse of such time as may be required by law (presently being one (1) month following the recordation of said Notice of Default), Notice of Default ffild Notice of Sale having bcen given as required by law, TRUSTEE, without demand on TRUSTOR, shall sell said property on the date and at the timc and place designated in said Notice of Sale, at public auction to the highest bidder, the purchase price payable in lawful money of the United States at the time of sale. The person conducting the sale may, for any cause he deems expedient, postpone the sale from time to time lmtil it shall be completed and in every such case, notice of postponement shall bc given by public declaration thereof by such person at the time and place last appointcd for the sale; provided, if the sale is postponed for longer th~m one (1) day beyond the day designated in the Notice of Sale, notice thereof shall be given in the sanle manner as the original Notice of Sale. TRUSTEE shall execute and dcliver to the purchaser his Deed conveying said property so sold, but without any covenant or warranty, express or implied. The recitals in the Deed of any matters or facts shall be conclusive proof ofthe truthfulness thereof. Any person, including BENEFICIARIES, may purchase at the sale. TRUSTOR hereby covenffilts and warrants ffild defends the title of the above property to purchaser at sale. D. When the TRUSTEE sells the trust propcliy pursuant to the powers gnmted herein, the TRUSTEE shall apply the proceeds from the sale of such property in the following order of priority: 1. To the cost and expense of exercising the power of sale ffild of the sale, including attomey fees, evidence of title and other sale expenses, and a trustee's fee not to exceed four percent (4%) ofthe gross sale price; 2. To the payment ofthe obligation secured by this DEED OF TRUST and Trust Deed Note; 3. To the payment of junior Trust Deeds, mortgages, or other lien holders; 4. 'fhe balance, if ffily, to the person or persons legally entitled thereto. -2-