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200100112
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10/13/2011 11:12:55 PM
Creation date
10/20/2005 7:45:56 PM
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DEEDS
Inst Number
200100112
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(d) Fourth, the remainder, if any, shall be paid to Trustor or such other person or persons as <br />may be entitled thereto by law; provided, however, if applicable law requires such proceeds to be paid or applied in <br />a manner other than as set forth above in this Section 5.9, then such proceeds shall be paid or applied in accordance <br />with such applicable law. <br />SECTION 5.10 Post - foreclosure Possession of the Property. In the event of a trustee's sale or <br />foreclosure sale hereunder and after the time of such sale, and Trustor.occupies the portion of the Property so sold, <br />or any part thereof, Trustor shall immediately become the tenant of the purchaser at such sale, which tenancy shall <br />be a tenancy from day to day, terminable at the will of either tenant or landlord, at 150% of the daily amount due for <br />principal and interest under the Loan per day based upon the value of the portion of the Property so occupied, such <br />rental to be due and payable daily to the purchaser. An action of unlawful detainer shall lie if the tetiar# holds over <br />after a demand in writing for possession of such Property; and this agreement and a trustee's deed shall constitute a <br />lease and agreement under which the tenant's possession arose and continued. Nothing contained in this Deed of <br />Trust shall be construed to constitute Beneficiary as a "mortgagee in possession" in the absence of its taking actual <br />possession of the Property pursuant to the powers granted herein. <br />ARTICLE VI <br />GENERAL <br />SECTION 6.1. Fixture Filine. To the extent that the Subject Property includes items of <br />personal property which are or are to become fixtures under applicable law, and to the extent permitted under <br />applicable law, the filing of this Deed of Trust in the real estate records of the county in which such Subject <br />Property is located shall also operate from the time of filing as a fixture filing with respect to such Subject Property, <br />and the following information is applicable for the purpose of such fixture filing, to wit: <br />(a) Name and Address of the Debtor: <br />Heartland Automotive Services, Inc. <br />11308 Davenport Street <br />The Atrium Building <br />Omaha, Nebraska 68154 -5649 <br />Attention: Philip Meyers <br />(b) Name and Address of the Secured Party: <br />Atherton Capital Incorporated <br />1001 Bayhill Drive, Suite 155 <br />San Bruno, California 94066 <br />Attention: Loan Administration <br />(c) This financing statement covers goods or items of personal property which are or are to <br />become fixtures upon the Property. <br />SECTION 6.2. Defeasance. If all of the Obligations shall have been paid in full, and if Trustor <br />shall have performed and observed all the covenants, obligations and conditions to be performed by Trustor <br />pursuant to the Loan Documents, and each of the Loan Documents shall have been terminated, then this Deed of <br />Trust shall cease, terminate and, thereafter, be of no further force or effect (except as provided in Sections 4.1, 4.2 <br />and 5.6). Upon such termination and Trustor's request, appropriate release shall promptly be made by Beneficiary <br />to the Person or Persons legally entitled thereto at Trustor's expense. <br />SECTION 6.3. Notices. Each notice, demand or other communication given to Trustor or <br />Beneficiary in connection with this Deed of Trust shall be given in the manner set forth in the Loan Agreement and <br />111/150348.02.00 17 <br />010499/1956/35239.00196 <br />
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