My WebLink
|
Help
|
About
|
Sign Out
Browse
201201420
LFImages
>
Deeds
>
Deeds By Year
>
2012
>
201201420
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/19/2012 3:47:25 PM
Creation date
2/27/2012 8:45:38 AM
Metadata
Fields
Template:
DEEDS
Inst Number
201201420
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
29
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
�o������o <br />recover the same or to foreclose this Deed of Trust. Nothing in this Section 39 or in any <br />other provision of this Deed of Trust shall constitute an extension of the time of payment of <br />the Loans. After entry of a judgment on either Credit Agreement, or any other Lender <br />Agreement or a judgment in mortgage foreclosure hereunder, interest shall continue to accrue <br />under this Deed of Trust at the rates set forth in the Credit Agreements. This Deed of Trust <br />shall not, solely for purposes of determining interest payable under the Credit Agreements, <br />merge with any judgment on either Credit Agreement or any other Lender Agreement or a <br />judgment in mortgage foreclosure under this Deed of Trust. <br />(c) Additional Advances and Disbursements, Costs of Enforcement. If <br />any Event of Default exists, Beneficiary shall have the right, but not the obligation, to cure <br />such Event of Default in the name and on behalf of Grantor. All sums advanced and <br />expenses incurred at any time by Beneficiary under this Section 39(c), or otherwise under <br />this Deed of Trust, the Credit Agreements or any other Lender Agreement or applicable law, <br />shall bear interest from the date that such sum is advanced or expense incurred, to and <br />including the date of reimbursement, computed at the interest rate as set forth in the Credit <br />Agreements, and all such sums, together with interest thereon, shall be secured by this Deed <br />of Trust. <br />(d) Acceleration Remedv. Subject to the notice and cure requirements of <br />this Deed of Trust and the Credit Agreements, upon Grantor's breach of any covenant or <br />agreement contained herein, including, but not limited to, the covenants to pay when due any <br />sums secured by this Deed of Trust, Beneficiary, in its sole judgment and discretion, may <br />declare all of the sums secured by this Deed of Trust to be immediately due and payable <br />without further demand and may foreclose this Deed of Trust by judicial proceedings and <br />may invoke any other remedies permitted by applicable law or provided herein. Beneficiary <br />shall be entitled to collect all costs and expenses incurred in pursuing such remedies. <br />40. Satisfaction of Prior Encumbrance To the extent the Loans made to Grantor <br />and ICE pursuant to the Credit Agreements are used to pay indebtedness secured by any <br />outstanding lien, security interest, charge or prior encumbrance against all or any portion of <br />the Mortgaged Property, such proceeds shall be deemed to have been advanced by <br />Bene�ciary at Grantor's request, and Beneficiary sha11 be subrogated to any and all rights, <br />security interests and liens owned by any owner or holder of such outstanding liens, security <br />interests, charges or encumbrances, irrespective of whether said liens, security interests, <br />charges or encumbrances are released, and it is expressly understood that, in consideration of <br />the payment of such other indebtedness by Beneficiary, Grantor hereby waives and releases <br />all demands and causes of action for offsets and payments to, upon and in connection with <br />the said indebtedness. <br />41. Inconsistency with Credit A�reements. To the fullest extent possible, the <br />terms and provisions of the Credit Agreements shall be read together with the terms and <br />provisions of this Deed of Trust such that the terms and provisions of this Deed of Trust shall <br />supplement, rather than conflict with, the terms and provisions of the Credit Agreements; <br />provided, however, that, notwithstanding the foregoing, in the event any of the terms or <br />provisions of this Deed of Trust conflict with any of the terms or provisions of the Credit <br />12187-5273/LEGAL17750578.4 <br />5/1/ 1023 <br />
The URL can be used to link to this page
Your browser does not support the video tag.