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�01�08�3� provided, if the sale is postponed for longer than one (1) day beyond the day designated in the. Notice of Sa1e, notice thereof shall be given in the same manner as the original Notice of Sale. TRUSTEE shall execute and deliver 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 sliall be conclusive proof of the truthfulness thereof. Any person, including BENEFICIARIES, may purchase at the sale. TRUSTOR hereby covenants, warrants and defends the title of the above property to purchaser at sale. D. When the TRUSTEE sells the trust property pu.rsuant to the powers granted herein, the TRUST�E sha11 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 and of the sale, including attorney fees, evidence of title and other sale expenses, and a trustee's fee not to exceed Four percent (4%) 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 lien holders; 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 properly. 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 a1� title, powers, and duties coriferred upon any TRUSTEE herein named or acting hereunder. Each such appointment and substitution shall be made by written instrument and executed by BEl�EFICIARIES, 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 foregoing power of substitution and the procedure therefore 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. TRUSTOI� covenants and agrees that upon any attempted coinveyance, assignment, pledge or transfer of any of his interest in the premises during the term of the loan secured hereby, the $ENEFICIARIES 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. H. As additional and collateral security for the loan, and effective forthwith upon filing of a Notice of Default, this instnament shall serve as an assignment by the TRUSTOR 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. I. The waiver by TRUSTEE or BENEFICIARIES of any default of TRUSTOR under this DEED OR TRUST, on one occasion, shall not be or be deemed to be a waiver of any other or similar defaults subsequently occurring. � -3- �V �