My WebLink
|
Help
|
About
|
Sign Out
Browse
201211077
LFImages
>
Deeds
>
Deeds By Year
>
2012
>
201211077
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/19/2014 2:21:41 PM
Creation date
12/28/2012 8:14:33 AM
Metadata
Fields
Template:
DEEDS
Inst Number
201211077
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
16
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
5 <br />2 01211077 <br />6. Preservation and Maintenance of Trust Property. Trustor (i) shall keep the <br />Improvements now or hereafter erected on the Premises in safe and good repair and condition, <br />ordinary depreciation excepted; (ii) shall, upon damage or destruction of the Trust Property or <br />any part thereof by fire or other casualty, restore, repair, replace or rebuild the Trust Property <br />that is damaged or destroyed to the condition it was in immediately prior to such damage or <br />destruction, whether or not any insurance proceeds are available or sufficient for such purpose; <br />provided, however, that if Beneficiary shall apply all the insurance proceeds or any portion <br />thereof to payment of the Debt, Trustor shall have the option, in lieu of completing such repair, <br />replacement, rebuilding or restoration, to pay in full the Note and the entire Debt without <br />payment of a premium or penalty; (iii) shall constantly maintain the parking and landscaped <br />areas of the Trust Property; (iv) shall not commit waste or permit impairment or deterioration of <br />the Trust Property; (v) shall not make or permit alterations of the design or structural character <br />of any building now or hereafter erected on the Premises or hereafter constructed, or construct <br />or permit construction of additions to existing buildings or additional buildings on the Premises <br />without the prior written consent of the Beneficiary, which consent shall not be unreasonably <br />withheld or delayed; (vi) shall not remove from the Premises any of the fixtures and personal <br />property included in the Trust Property unless the same is immediately replaced with property of <br />at least equal value and utility, and this Deed of Trust becomes a valid lien on such property; <br />and (vii) shall maintain the roofs of the Improvements in safe, sound and good repair and <br />condition. <br />7. Transfer or Encumbrances of the Trust Property. Trustor acknowledges that <br />Beneficiary has a valid interest in maintaining the value of the Trust Property so as to ensure <br />that, should Trustor default in the repayment of the Debt, Beneficiary can recover the Debt by a <br />sale of the Trust Property. In the event Trustor shall, without the prior written consent of <br />Beneficiary, further encumber the Trust Property with any lien imposed in connection with any <br />other financing (other than a refinancing of any existing lien comprising a Permitted <br />Encumbrance in an amount not to exceed the then current indebtedness of such lien), or sell, <br />transfer or convey the Trust Property or any part thereof or the right to manage or control the <br />operation of the Trust Property, or any part thereof, then in any such event, the entire Debt shall <br />become due, at the option of Beneficiary. <br />8. Notices. Any notice, demand, statement, request, or consent made hereunder <br />shall be in writing and shall be deemed given when hand delivered, or within three (3) days of <br />the date sent by certified mail, return receipt requested, or the next business day after the date <br />sent by nationally recognized overnight mail or courier service to the address, as set forth <br />above, of the party to whom such notice is to be given, or to such other address as Trustor, <br />Trustee or Beneficiary, as the case may be, shall in like manner designate in writing. <br />Trustor hereby requests that, unless otherwise prescribed by law, a copy of any <br />notice of default or notice of sale pursuant to the nonjudicial foreclosure of this Deed of Trust be <br />mailed to Trustor at the mailing address set forth in the preamble above. <br />9. Sale of Trust Property. If this Deed of Trust is foreclosed, the Trust Property, or <br />any interest therein, may at the discretion of Beneficiary be sold in one or more parcels or in <br />several interests or portions and in any order or manner as may be permitted by applicable law. <br />10. Right of Entry. Beneficiary and its agents shall have the right to enter and <br />inspect the Trust Property at all reasonable times for reasonable purposes upon notice to <br />Trustor. <br />
The URL can be used to link to this page
Your browser does not support the video tag.