Laserfiche WebLink
201300072 <br /> ARTICLE II <br /> INCORPORATION OF REPRESENTATIONS,WARRANTIES AND COVENANTS OF GRANTOR <br /> The representations, warranties and covenants of Grantor set forth in any Note, Loan Agreement and <br /> Indenture are incorporated by reference into this Deed of Trust as if stated in full in this Deed of Trust. All <br /> representations and warranties as incorporated herein shall be deemed to have been made as of the date of this <br /> Deed of Trust and all representations, warranties and covenants incorporated herein shall survive the execution and <br /> delivery of this Deed of Trust. <br /> ARTICLE III <br /> COVENANTS OF GRANTOR <br /> In addition to any covenants of Grantor set forth in any Note, Loan Agreement, Indenture or any other Loan <br /> Document, Grantor hereby covenants to Collateral Agent and agrees as follows until the Obligations are satisfied in <br /> full: <br /> Section 3.01. Recording Grantor shall, upon the execution and delivery hereof and thereafter from time to <br /> time, take such actions as Collateral Agent may request to cause this Deed of Trust, each supplement and <br /> amendment to such instrument and financing statements with respect thereto and each instrument of further <br /> assurance (collectively, the "Recordable Documents')to be filed, registered and recorded as may be required by law <br /> to publish notice and maintain the first lien or security interest, as applicable, hereof upon the Trust Estate and to <br /> publish notice of and protect the validity of the Recordable Documents. Grantor shall, from time to time, perform or <br /> cause to be performed any other act and shall execute or cause to be executed any and all further instruments <br /> (including financing statements, continuation statements and similar statements with respect to any of said <br /> documents) requested by Collateral Agent for carrying out the intention of, or facilitating the performance of, this <br /> Deed of Trust. Collateral Agent shall be and is hereby irrevocably appointed the agent and attorney-in-fact of Grantor <br /> to comply therewith (including the execution, delivery and filing of such financing statements and other instruments), <br /> which appointment is coupled with an interest; provided, however, Collateral Agent shall not exercise such power of <br /> attorney unless Grantor has first failed to comply with this Section, and provided, further, that this sentence shall not <br /> prevent any default in the observance of this Section from constituting an Event of Default. To the extent permitted <br /> by law, Grantor shall pay or cause to be paid recording taxes and fees incident thereto and all expenses, taxes and <br /> other governmental charges incident to or in connection with the preparation, execution, delivery or acknowledgment <br /> of the Recordable Documents, any instruments of further assurance and the Note. <br /> Section 3.02. Use; Maintenance and Repair; Leases. The Trust Estate shall be used solely as <br /> contemplated in the Lease Grantor shall not, and shall not permit any lessee under any Lease, to convert the Trust <br /> Estate to an alternative use while this Deed of Trust is in effect without Collateral Agent's consent, which consent <br /> shall not be unreasonably withheld. Collateral Agent may consider any or all of the following in determining whether <br /> to grant its consent, without being deemed to be unreasonable: (i) whether the converted use will be consistent with <br /> the highest and best use of the Trust Estate, and (ii) whether the converted use will increase Collateral Agent's risks <br /> or decrease the value of the Trust Estate. Grantor shall comply with the Loan Documents in connection with any <br /> Lease and, if prohibited by the Loan Documents, shall not (i) enter into any Leases without Collateral Agent's prior <br /> written consent; (H) modify or amend the terms of any Lease without Collateral Agent's prior written consent; (Hi) grant <br /> any consents under any Lease, including, without limitation, any consent to an assignment of any Lease, a <br /> mortgaging of the leasehold estate created by any Lease or a subletting by the lessee under any Lease, without <br /> Collateral Agent's prior written consent; (iv) terminate, cancel, surrender, or accept the surrender of, any Lease, or <br /> waive or release any person from the observance or performance of any obligation to be performed under the terms <br /> of any Lease or liability on account of any warranty given thereunder, without Collateral Agent's prior written consent; <br /> or (v) assign, transfer, mortgage, pledge or hypothecate any Lease or any interest therein to any party other than <br /> Collateral Agent, without Collateral Agent's prior written consent. Any lease, modification, amendment, grant, <br /> termination, cancellation, surrender,waiver or release in violation of the foregoing provision shall be null and void and <br /> of no force and effect. Unless Collateral Agent otherwise consents or elects, Grantor's title to the Trust Estate and <br /> the leasehold interest in the Trust Estate created by any Lease shall not merge, but shall always be kept separate <br /> and distinct, notwithstanding the union of such estates in Grantor, Collateral Agent or any other person by purchase, <br /> operation of law, foreclosure of this Deed of Trust, sale of the Trust Estate pursuant to this Deed of Trust or <br /> otherwise. Grantor shall (i) fulfill, perform and observe in all respects each and every condition and covenant of <br /> Grantor contained in any Lease; (Ii) give prompt notice to Collateral Agent of any claim or event of default under any <br /> 6 <br /> 4821-4372-3794.1 <br /> STORE/Concord <br /> 721 Diers Avenue, Grand Island, NE 68803 <br /> File No.. 7210/02-81.13 <br />