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thereof at such sale. <br /> The GRANTOR covenants that at the time of the delivery of these presents, it is well <br /> seized of the PLEDGED PROPERTY in fee simple, and has full power and lawful authority to grant, <br /> bargain, sell and convey the same in the manner and form as aforesaid. The GRANTOR fully <br /> waives and releases all rights and claims it may have in or to said PLEDGED PROPERTY as a <br /> Homestead Exemption or other exemption, now or hereafter provided by law. The GRANTOR <br /> further covenants that the PLEDGED PROPERTY is free and clear of all liens and encumbrances <br /> whatever and that the GRANTOR shall warrant and forever defend the PLEDGED PROPERTY in the <br /> quiet and peaceable possession of the PUBLIC TRUSTEE, its successors and assigns, against all <br /> and every person or persons lawfully claiming or to claim the whole or any part thereof. <br /> Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and <br /> assessments levied on the PLEDGED PROPERTY; any and all amounts due on account of the <br /> principal and interest or other sums on any senior encumbrances, if any; and will keep the <br /> PLEDGED PROPERTY insured in accordance with the requirements of the LOAN CONTRACT. In the <br /> event of the sale or transfer of the PLEDGED PROPERTY, the BENEFICIARY, at its option, may <br /> declare the entire balance of the note immediately due and payable. <br /> In case of default in any of said payments of the principal or interest, according to the <br /> terms of said PROMISSORY NOTE or LOAN CONTRACT, by the GRANTOR, its successors or assigns, <br /> then said principal sum hereby secured, and interest thereon, may at once, at the option of the <br /> BENEFICIARY, become due and payable, and the said PLEDGED PROPERTY be sold in the <br /> manner and with the same effect as if said indebtedness had matured, and that if foreclosure <br /> be made by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for services in the <br /> supervision of said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part of <br /> the cost of foreclosure, and if foreclosure be made through the courts a reasonable attorney's <br /> fee shall be taxed by the court as a part of the cost of such foreclosure proceedings. <br /> It is further understood and agreed, that if a release or a partial release of this DEED OF <br /> TRUST is required, the GRANTOR, its successors or assigns will pay the expense thereof; that all <br /> the covenants and agreements contained herein and in the PROMISSORY NOTE and LOAN <br /> CONTRACT shall extend to and be binding upon the successors or assigns of the respective <br /> parties hereto; and that the singular number shall include the plural, the plural the singular, and <br /> the use of any gender shall be applicable to all genders. <br /> [THE REST OF THIS PAGE INTENTIONALLY LEFT BLANK <br /> Appendix 6 <br /> Page 2 of 3 <br /> J <br />