201407146 - Laserfiche WebLink

Browse

201407146 expressly granted unto the said Trustee, Trustee's successors, and assigns for the purpose of securing: (a) The payment of Trustor's just indebtedness to Beneficiary in the principal sum of $40,000.00 for money borrowed, with interest thereon, all as evidenced by and in strict accordance with the terms of that certain Promissory Note, hereinafter called the "Note," bearing even date herewith made payable to the order of Beneficiary, executed by Guillermo M.Calderson and providing for the payment of said indebtedness in installments, subject to acceleration of maturity on default in the payment of any installment of principal or interest or in the performance of any covenant agreement or warranty contained in this Deed of Trust; (b) The performance of each agreement, covenant and warranty of Trustor herein contained or set forth in the Note or any agreement or instrument executed by Trustor in connection with the indebtedness hereby secured; and (c) The payment of any sum or sums of money with interest thereon which may be paid or advanced under the terms of the Deed of Trust. NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, Trustor does for Trustee and for Trustor's heirs, representatives, vendees, successors and assigns, the owners of said Property, hereby expressly covenant, agree and warrant to and with the Trustee and Beneficiary, and their successors, vendees and assigns: FIRST: That the Trustor hereby covenants and agrees, to the extent permitted by law, as follows: (a) To pay promptly when due the principal and any other sums of money provided for in the Note and in this Deed of Trust; (b) To promptly pay before delinquency all taxes, assessments and other charges imposed by law upon the Property, the Trustor's interest therein, or upon this Deed of Trust or the Note; provided, however, that in the event of any change of the law providing for the taxation of deeds of trust or debts thereby secured so as to affect this Deed of Trust, the entire indebtedness secured hereby shall, at the option of the Beneficiary, become due and payable. The Beneficiary agrees to pay the 2013 real estate taxes. The Trustor agrees to pay all 2015 real estate taxes and the real estate taxes due thereafter. The 2014 real estate taxes shall be prorated to date of closing.