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EXHIBIT B
<br />Article V. REPRESENTATIONS, COVENANTS AND WARRANTIES OF THE
<br />TRUSTOR
<br />1. Defense of Title. The Trustor covenants that it is lawfully seized and possessed of title in
<br />fee simple to the Property, that it has the right to sell, convey or otherwise transfer or encumber
<br />the same, and that the Trustor, for itself and its successors and assigns, warrants and will forever
<br />defend the right and title to the foregoing described and conveyed property unto the Beneficiary,
<br />its successors and assigns, against the claims of all persons whomsoever, excepting only
<br />encumbrances approved by the Beneficiary.
<br />2. Inspection of the Property. The Trustor covenants and agrees that at any and all
<br />reasonable times and upon reasonable notice, the Beneficiary and its duly authorized agents,
<br />attorneys, experts, engineers, accountants and representatives, shall have the right, without
<br />payment of charges or fees, to inspect the Property.
<br />Article VI. AGREEMENT; FURTHER ASSURANCES; PAYMENT
<br />1. Other Agreements Affecting Property. The Trustor shall duly and punctually perform all
<br />terms, covenants, conditions and agreements binding upon it under the Agreement and this Deed
<br />of Trust or any other agreement of any nature whatsoever now or hereafter involving or affecting
<br />the Property or any part thereof.
<br />2. Further Assurances. At any time, and from time to time, upon request by the
<br />Beneficiary, the Trustor shall make, execute and deliver, or cause to be made, executed and
<br />delivered, to the Beneficiary and, where appropriate, cause to be recorded and/or filed, and from
<br />time to time thereafter to be re-recorded and/or re-filed, at such time and in such offices and
<br />places as shall be deemed desirable by the Beneficiary, any and all such other and further deeds
<br />of trust, security agreements, financing statements respecting personal property, instruments of
<br />further assurance, certificates and other documents as may, in the opinion of the Beneficiary, be
<br />necessary or desirable in order to effectuate, complete or perfect, or to continue and preserve, (a)
<br />the obligations of the Trustor under this Deed of Trust.
<br />3. Agreement to Pay Attorney's Fees and Expenses. In the event of an Event of Default
<br />hereunder, and if the Beneficiary should employ attorneys or incur other expenses for the
<br />collection of amounts due or the enforcement of performance or observance of any obligation or
<br />agreement on the part of the Trustor in this Deed of Trust, the Trustor agrees that it will, on
<br />demand therefor, pay to the Beneficiary the reasonable fees of such attorneys and such other
<br />reasonable expenses so incurred by the Beneficiary; and any such amounts paid by the
<br />Beneficiary shall be added to the indebtedness secured by the lien of this Deed of Trust, and shall
<br />bear interest from the date such expenses are incurred at the maximum rate permitted by Section
<br />1(2) of Article XV of the California Constitution.
<br />4. Payment of the Loan Amount. Upon the sale of the Property, the loan will be transferred
<br />from the Trustor to the qualified Homebuyer. The amount to be repaid shall be the amount of
<br />NSP Funds to create the homeownership opportunity, which will be determined based on the
<br />affordable sales price, the fair market value or the maximum sales price permitted under the NSP
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