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201211077
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Last modified
8/19/2014 2:21:41 PM
Creation date
12/28/2012 8:14:33 AM
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DEEDS
Inst Number
201211077
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appear in, defend, or bring any action or proceeding to protect its interest in the Trust Property <br />or to foreclose this Deed of Trust or collect the Debt, and the cost and expense thereof <br />(including attorneys' fees and expenses) with interest as provided in this paragraph, shall be <br />due upon demand from Beneficiary to Trustor. All such costs and expenses incurred by <br />Beneficiary in remedying such Event of Default or in appearing in, defending, or bringing any <br />such action or proceeding shall be paid at the Default Rate as stated and defined in the Note, <br />for the period after notice from Beneficiary that such cost or expense was incurred to the date of <br />payment to Beneficiary. All such costs and expenses incurred by Beneficiary pursuant to the <br />terms of this Deed of Trust, with interest, shall be deemed to be secured by this Deed of Trust. <br />14. Non - Waiver. The failure of Beneficiary to insist upon strict performance of a term <br />hereof shall not be deemed to be a waiver of any term of this Deed of Trust. Trustor shall not <br />be relieved of Trustor's obligations hereunder by reason of (i) failure of Beneficiary to comply <br />with any request of Trustor or Guarantors to take any action to foreclose this Deed of Trust or <br />otherwise enforce any of the provisions hereof or of the Note or Pledge and Security <br />Agreement, (ii) the release, regardless of consideration, of the whole or any part of the Trust <br />Property, or (iii) any agreement or stipulation by Beneficiary extending the time of payment or <br />otherwise modifying or supplementing the terms of the Note, this Deed of Trust or the Pledge <br />and Security Agreement. Beneficiary may resort for the payment of the Debt to any other <br />security held by Beneficiary in such order and manner as Beneficiary, in its discretion, may <br />elect. Beneficiary may take action to recover the Debt, or any portion thereof, or to enforce any <br />covenant thereof without prejudice to the right of Beneficiary thereafter to foreclose this Deed of <br />Trust. The rights of Beneficiary under this Deed of Trust shall be separate, distinct and <br />cumulative and none shall be given effect to the exclusion of the others. No act of Beneficiary <br />shall be construed as an election to proceed under any one provision herein to the exclusion of <br />any other provisions. <br />15. Security Agreement. This Deed of Trust is both a real property Deed of Trust <br />and a "security agreement" within the meaning of the Uniform Commercial Code. The Trust <br />Property includes both real and personal property and all other rights and interest, whether <br />tangible or intangible in nature, of Trustor in the Trust Property. TRUSTOR HEREBY GRANTS <br />TO BENEFICIARY, AS SECURITY FOR THE DEBT, A SECURITY INTEREST IN THE TRUST <br />PROPERTY TO THE FULL EXTENT THAT THE TRUST PROPERTY MAY BE SUBJECT TO <br />THE UNIFORM COMMERCIAL CODE OR THE UNIFORM COMMERCIAL CODE OF ANY <br />OTHER STATE OR STATES WHERE THE TRUST PROPERTY IS SITUATED (said portion of <br />the Trust Property so subject to the Uniform Commercial Code being called in this paragraph <br />the "Collateral "). If an Event of Default shall occur, Beneficiary, in addition to any other rights <br />and remedies which it may have, shall have and may exercise immediately and without <br />demand, any and all rights and remedies granted to a secured party upon default under the <br />Uniform Commercial Code, including, without limiting the generality of the foregoing, the right to <br />take possession of the Collateral or any part thereof, and to take such other measures as <br />Beneficiary may deem reasonably necessary or advisable for the care, protection and <br />preservation of the Collateral. <br />16. Fixture Filing. From the date of its recording, this Deed of Trust shall be effective <br />as a financing statement filed as a fixture filing with respect to all goods constituting part of the <br />Trust Property which are or are to become fixtures related to the real estate described herein. <br />For this purpose, the following information is set forth: <br />(a) Name and address of Trustor, as debtor: <br />10 <br />201211077 <br />
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