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87dow 106859 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 default hereunder, BENEFICIARIES 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. BENEFICIARIES 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 sub- stitution shall be made by written instrument and executed by BENEFICIARIES, 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 appoint- ment of the successor TRUSTEE. The foregoing power of substitution 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 BENEFICIARIES shall have the option of declaring the unpaid balance immediately due and payable, and if said sum remains unpaid for fifteen (15) days thereafter, BENEFICIARIES can cause Notice of Default to be given and the premises be sold as provided herein. - 5 - i � H