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L 85- 003821 actually incurred, which Trustee's fees shall not in the aggregate exceed the following amounts based upon the amount secured hereby and remaining unpaid: Three (3) per centum on the first $10,000 thereof, One and five tenths (1.5) per centum on the balance thereof.; and then to the items in subparagraph (3) in the order there stated. (3) After paying the items specified in subparagraph (2) if the sale is by Trustee, or the proper court and other costs of foreclosure and sale if sale is pur- suant to judicial foreclosure, the proceeds of sale shall be applied in the order stated to the payment of: (a) Cost of any evidence of title procured in connection with such sale and of any tax on the conveyance; (b) All sums then secured hereby; (c) All expenses of upkeep, maintenance, and utilities incurred in connection with such sale; (d) The remainder, if any, to the person or persons legally entitled thereto. D. Upon the occurrence of any default hereunder, Beneficiaries shall have the option to foreclose this Trust Deed in the manner pro- vided by law for the foreclosure of mortgages on real property. E. 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 substitution shall be made by written instrument and executed by Beneficiaries, containing reference to this Trust Deed 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, shali be conclusive proof of proper appointment of the successor Trustee. The foregoing power of substitution and the procedure shall not be exclusive of the power and procedure provided for by law for the substi- tution of a Trustee in the place of the Trustee named herein. F. Trustor covenants and agrees that upon any conveyance, assign- ment or transfer of his 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 ten (10) days there- after, Beneficiaries can cause Notice of Default to be given and the premises to be sold as provided herein. G. 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 unpait' Interest, principal taxes or insurance premiums or for maintenance and preservation of the premises. N. The waiver by Trustee or Beneficiaries of any default of 1'rustors under this Trust Deed shall not be or be deemed to lie a waiver of airy other or 41 milar defaults subsequently occurring. 1. rrhe desiRnat fon "'IYua;h,r ;' ',ierein shall extend to and ripply to the under,41goed, 41nwilar or plural, and the covenants and agrevWents of the Trusitorrl herein shall he hfnding, upoll M