201400400 - Laserfiche WebLink

Browse

- 84 - 201400400 including costs of evidence of title in connection with the sale, (i) first to pay all sums due and owing by Borrower, with accrued interest at the Default Rate, under this Security Instrument and the other Loan Documents and to the satisfaction of all of Borrower 's other obligations under this Security Instrument and the other Loan Documents, and (ii) the remainder, if any, to the Borrower or any other person or persons legally entitled thereto. (iv) Subject to California Civil Code Section 2924g, Deed of Trust Trustee may postpone sale of all or any portion of the Mortgaged Property by public announcement at such time and place of sale, and from time to time thereafter may postpone such sale by public announcement or subsequently noticed sale, and without further notice make such sale at the time fixed by the last postponement, or may, in its discretion, give a new notice of sale. (v) A sale of less than the whole of the Mortgaged Property or any defective or irregular sale made hereunder shall not exhaust the power of sale provided for herein; and subsequent sales may be made hereunder until all obligations secured hereby have been satisfied, or the entire Mortgaged Property sold, without defect or irregularity. 12. The following three paragraphs are hereby added to the end of paragraph 27 of this Security Instrument: With respect to `fixtures" within the meaning of the California Uniform Commercial Code (the "California UCC "), Lender or Deed of Trust Trustee may elect to treat same as either real property or personal property and proceed to exercise such rights and remedies applicable to the categorization so chosen. Lender may proceed against the items of real property and any items of Collateral separately or together in any order whatsoever, without in any way affecting or waiving Lender's rights and remedies under the California UCC, this Security Instrument or the Note. Borrower acknowledges and agrees that Lender's rights and remedies under this Security Instrument and the Note shall be cumulative and shall be in addition to every other right and remedy now or hereafter existing at law, in equity, by statute or by agreement of parties. Borrower agrees that this Security Instrument constitutes a financing statement filed as a fixture filing in the official records of jurisdiction in which the Mortgaged Property is located, with respect to any and all fixtures included within the term "Mortgaged Property" or "Collateral" as used herein and with respect to any goods and other personal property that may now be or hereafter become fixtures. The names and mailing addresses of the debtor (Borrower) and the secured party (Lender), and the taxpayer identification number and the state organizational identification numbers for the debtor (Borrower) are set forth on Schedule A attached hereto and made a part hereof. Borrower is the record owner of the Mortgaged Property. The personal property described above is the collateral covered by this financing statement. Any reproduction of this Security Instrument or any other security agreement or financing statement shall be sufficient as a financing statement. It is the express understanding and intent of the parties hereto that upon the occurrence of an Event of Default hereunder, Lender or Deed of Trust Trustee, as appropriate and in their sole discretion, may proceed in any sequence under Article 9 of the California UCC