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201405634
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Last modified
7/20/2017 8:28:38 PM
Creation date
9/9/2014 10:02:06 AM
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DEEDS
Inst Number
201405634
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��14�5�34 <br /> TY ust Qr an�of the ather Loan Docurn�nts, �ii} �rant�r xs perrn��t�d to do so under th� ��v�s��ns <br /> � <br /> of any other mortgag�a de�d of trus� ar deed to s�cure d��t affect�ng the Pxa ert iii such <br /> p Yy t � <br /> proceed�ng shal� suspend the ca����tion af the Lab�r and Material �os�s fram Grantor and fr�m <br /> th� Prop�r�y or �ranto� s�a�� hav� pa�d a�I af the Lab�r and Nlaterial ��sts under rotest � <br /> . . , � � <br /> �1�� such proceed�ng shall be pe�-m�tted under and he c�nduct�d in a��ord�nce w�th the <br /> prov�sions of any o�her instrument to r�vh�c� �rant�r �s su�j��t and �ha�� nat constitute a default <br /> thereunder, �v�neither the Prope�-ty nor any pax� ther��f or ir�terest therein wi�� b� in dan �r of <br /> . , g <br /> be�ng s�Id, forfeited, t�rm�nated, canceled or ��st, and �v�� Crantor shall hav� furr��shed the <br /> security as may be requxred in the pro�eed�ng, or as may be reasor�a�ly requested by L�nder to <br /> insure the payrnent of any contested Labor and Materia� �osts, t��ether with a�l int�rest and <br /> pena�ti�s �h�reon. <br /> Sect�on 3.7 Perf�rmance of�]ther A reernents. Grantar shal� observe and erform <br /> � <br /> each a.r�d e�ery term, covenant and pravis�on t� be observ�d �r perf�rmed by �ran.tor pursuant t� <br /> the Loan Agreeme�t, any other �oan Document and any oth�r agreement �r rec�rded instrurner�t <br /> affe�ting or per�a�ning to the Pr�per�y and an�arnendments, mod�fxcations or chang�s fhereto. <br /> Section 3.$ Chan e of Name Id�nti or Structure. �rantor shal� not cha�ge <br /> �rar�tor's name, �d�nt�ty ��nc�uding its trade name �r names� or, �f nat an �ndiv��ual, Grantor's <br /> cflrporate, partnershrp or oth�r structur� ,without not�fying Lender of such cha�ge �n ,t�vrit�ng at <br /> ��ast thir�y �3�} days priar to the effect�v� da�� �f such char�ge and, �r� the case a�a chang� �n <br /> �`xrantor's structure, without first �bta�n�ng the prior �vr�tten �vns�nt �f Lend�r. Crrantor shall <br /> execute ar�d d��iver to �ender, pri�r ta or contemporaneous�y w�th the effectxve dat� Q�any such <br /> chang�, any fnancing statem�nt or f nancing statement�hange requ�red by Lend�r to estab�i�h nr <br /> mai�ta�n �h� va�idity, perfection and pr�ority of the security �nt�rest grant�d here�n. At th� <br /> request of Lender, �rantor sha�� exe�ut� a c�rt�f cate in f�rm sat�sfa�t�ry to Lend�r ��sting th� <br /> trade names ur�der vvhich �rantor �ntends to operate the Proper�y, and represent�ng and <br /> warrant�ng t�at Grantor does business under no oth�r trade nam�wit�r�spect t� the Property. <br /> Se�ti�n 3.9 �'�. Grant�r �togefih�r� has goad, marketable and insurab�e fee sim�le <br /> title ta the rea� pra�erty ��mpr�sing part �f the Praperty and good tit�e t� the balance �f su�h <br /> Fropez�y� free and clear aIi L�ens whatsoever except the �ermitted Encumbrances; suCh o�her <br /> Liens as are p�rm�tted pursuant to the Laan I]oeuments and the L�ens cr�at�d by the L�an <br /> Documents. Th� Permit�ed Encumbrances in �h� ag�rega�e da nat materially and ad�rers�ly <br /> af�ect the value, operation or use of the Property or �rar�t�r's abi�ity t� repay �he Loan. Th�s <br /> Deed af Trust, wher� �roper�� re�orded �n the appr�priate rec�rds, togeth�r with any Unif�rrr� <br /> �on�mercial �ode financing statem�nts requ�red to be f�ed �n cannect�on therewith, wz�� cr�ate <br /> �a} a va�id, perfected f�rst pri�rity �ien �n the Property, subj�ct anl� t� Pe�rm�tted Encumbrances <br /> and the ��ens created by the Laan I]�curnents and �b��erfe�ted se�urity interests in and to, and <br /> perfected co��ateral ass��nments af, all personal�y (�n��uding the Leases}, al� �n ac�ordance with <br /> �h� �erms thereof, in �ach �ase su�ject an�y t� any appl�cab�e Perm�tted Encum�ran�es, such <br /> other Lxens as are permitted pursuant to the Lflan Doeum�nts and the Liens created by the �oan <br /> Y]a�uments. There are no �Ia�ms for payment far work, labor or mater�a�s affecting the Pr�per�y <br /> which are past due and ar� or may becom.� a ��en pr�ar t�, or �f equal pri�rity with, the Liens <br /> �1 <br /> lODS45338v3 <br />
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