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<br /> '"� � of determinin�that value,and(v) the expiration date of the policy. Grantor shall, upon .,..��;
<br /> ,�� � request of Benefiaiary,have an independentappraiser satisfactory to Beneficiary determine ;��:-__
<br /> ° ^�-' "'"''' the cash value replacement cost of the Property. �4'-�-�-�
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<br /> � EXP�ND�TURES BY B�NErICIARY. If Grantor fails to comply with any provision of this �`..�:. -
<br /> . �---�..
<br /> . a. Deed of Trust, or if any action or proceeding is commenced that would materially affect �___
<br /> rF Beneficiary's interests in the Property, Beneficiary,on Grantor's behalf, rnay, but shall not be
<br /> . � ��' required to, take any action that Beneficiary deems appropriate. Any amount that Beneficiary ���
<br /> l, expends in so doing will bear interest at the rate charged under the Note frorn the date incurred or --_—
<br /> �aid by Beneficiaryto the date of repayment by Grantor. All such expenses,at Beneficiary'soption, �y, _--_
<br /> shall(i)be payable on demand,(ii)bc added to the balance of the Note and be app4rtioned among
<br /> �_:,�_'—
<br /> � and be payable with any installments payments to become due during either(a)the term of any FT,=-_
<br /> ' appl icable insurance policy or(b)the remaining term of the Note,or(iii)be treated as a balloon --;,�;_
<br /> payment which will be due and payable at the Note's maturity. This Deed of Trust also will secure ��--
<br /> � payment of these amounts. The rights provided for in this paragraph shall be in addition to any other
<br /> �'��
<br /> �{ rights or any remedies to which Beneficiary may be entitled on account of the default. Any such _____
<br /> 4' actionby Beneficiary shall nat be construed as curing the default so as to bar Beneficia�y from any _-_
<br /> ` remedy that it otherwise would have had.
<br />___ ._ __. �_ �y;�Qg q,H�rv; �FFFNSF. OF TITLE. The following provisions relating to ownership of the
<br /> � Propedy are a part of this Deed of Trust:
<br /> � Title. Grantor warrants that: (i)Grantor holds good and marketable title of record to the �
<br /> Properiy in fee simple,free and clear of all liens and encumbrances other than those set forth
<br /> in the Real Property description or in any title insurance policy,title report,or final title
<br /> ' opinior ��SUec� in favor of, and accepted bv,Beneficiary in connection with this Deed of
<br /> Trust,and(ii)Grantor has the full ri�ht,power, and authority to execute and deliver this
<br /> Deed of Trust to Beneficiary.
<br /> - Defense of Title. Subject to the exceptionin the paragraph above,Grantor warrants and will
<br /> forever defend the title to the Property against the lawful claims of al l persons. In the event
<br /> any action or proceedin� is comnienced that questions Grantor's title or the interest of —
<br /> Beneficiary under this Deed of Trust,Grantor will defend the action at Grantor's expense.
<br />- Grantor may be the nominal party in such proceeding,but Beneficiary shall be entitled to
<br /> participate in the proceeding nnd to be represented in the proceedin� by counsel of
<br /> � Beneficiary's own choice,and Grantor will deliver,or cause to be delivered,to Beneficiary
<br /> such instruments as Beneficiary may request from time to time to permit such partieipation.
<br /> Com�pliance with Laws. Grantor warrants that the Property and Grantor's use of the
<br /> Property complies with all existing applicable laws, ordinances, and regulations of �:__
<br /> governmental authorities. ��-�
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