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2010�96�� TRUSTORS covenant and agree that a failure ta make any payment, either princi�al or i�terest; on the Note secured hereby when due and payable, or a failure ta carnply with any of the covenants and agreements herein made shall cause the whole sum of money hereby secured to become immediately due and collectible at the option of the BENEFICIARY, and BENEFICIARY shall have the right to cause Notice of Default to be given and the 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 BENEF�CIARY, payment of fces and presentation of this DEED OF TRUST and the Note for endorseme�at (in case of full reconveyance, far cancellation and ret�ntion), without affecting the liability of any person for the payment ot tlie indebtedness, TRUSTEE inay (a) conset�t to the making of any map or plat of said property; (b) join in granting any easement or creating any restriction thereon; (c) join in any subordinatio�� or otller agreement affecting tlais DE�D O� TRUST or the lien or charge thereaf; (d) reconvey this DEED OF TRUST or the lien or charge thereof; (d) recanvey, without warranty, all or any 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 af any matters or facts shall be conclusive proof ot the truthfulness thereof. C. Upon default by TRUSTORS in the payment of indebtedness secured hereby or in the performance of any agreement hereunder, BENEFICIARY may declare all sums secured hereby immediately due and payable by delivery to TRUSTEE of written declaration of default. If BENEFICIARY desire said prnperty to be sold, they shall deposit with TRUSTE� this DEED OF TRUST and all promissory notes and dacuments evidencin� expenditures secured hereby, and shall deliver to TRUSTEE a written Natice of Default and election ta cause said property to be sold in the form required by law, which shall be duly filed for record by T'RUSTEE. 1. After the lapse of such time as may be required by law (pr�sently bein� one (1) month following the recordation of said Notice of Default), Notice of Default and Notice of Sale having been given as required by law, TRUS'l'EE, witliout demand on TRUSTOR, shall sell said property on the date and at th� tinae and place desi�nated in sa�d Notice of Sale, at public auction to the highest bidder, the purchase price payable in lawful inoney af the United States at the time of sale. The person conductin� the sale may, for any cause he deems expedient, postpane the sale from time to time until it shall be campleted and in every such case, notice of �astponement shall be given by public declaratian thereaf by such person at the time and place last appointed for the sa1e; provided, if the sale is postporied for longer than o�a� (1) day beyQnd the day designated in the Notice of Sale, notice thereof shall be given in the same manner as the original Notice of Sale. TRUSTEE shall execute and deliver to the purchaser his Decd conveying said property so sold, but without airy covenant ar warranty, express or implied. The recitals in the Deed of' any matters or facts shall be conclusive proof of the truthfulness diereof. Any person, includin� BENEPICIARY, may purchase at the sale. TRUSTORS hereby covenant, warrant and defend the titic of the above property ta purchaser at sale. D. When the TRUSTEE sells the trust property pursuant to the powers granted herci��, the TRUSTEE shall apply the proceeds from the sale of such property in the following order of priarity: l.� To the cost and expense of exercising the power of sale and of tlle sale, including attorney fees, evidence of titl�e atad other sale expenses, and a trustee's fee not to exceed Four percent (4%) af the �ross sale price; 2. To tl�e payment af the obligation secured by this D�ED OF TRUST and 1 rust Deed Note; --2-