201502075 - Laserfiche WebLink

Browse

201502075 Some of the items of the Mortgaged Property described herein are goods that are or are to become fixtures related to the Property, and it is intended that as to those goods this Deed of Trust shall be effective as a financing statement filed as a fixture filing from the date of its filing for record in the real estate records of the county in which the Mortgaged Property is situated. For this purpose, the following information is provided: (a) The name and address of the Secured Party is Beneficiary, whose address is stated in Section 6.05 of this Deed of Trust; (b) The name and address of the Debtor is Trustor, whose address is stated in Section 6.05 of this Deed of Trust; (c) The collateral covered by this Deed of Trust, as a financing statement, is all goods constituting part of the Mortgaged Property (as more particularly described in the granting clause of this Deed of Trust) which are or are to become fixtures; (d) The real estate to which the property covered by this financing statement is attached or upon which it is located is the land described in Exhibit "A" to this Deed of Trust; and (e) The name of the record owner of the real estate is Trustor. Section 4.02. Warranties, Representations and Covenants of Trustor. Trustor hereby warrants, represents and covenants, with respect to the Personal Property, as follows: (a) except for the security interest granted hereby, Trustor is, and as to any of the Personal Property to be acquired after the date hereof will be, the sole owner of the Personal Property, free from any adverse lien, security interest, encumbrance or adverse claims thereon of any kind whatsoever, except for Permitted Encumbrances. Trustor will notify Beneficiary of, and will defend the Personal Property against, all prohibited claims and demands of all persons at any time claiming the same or any interest therein; (b) Trustor will not lease, sell, convey or in any manner transfer the Personal Property (except Personal Property transferred in the ordinary course of business or that have become obsolete or worn beyond practical use and replaced by Personal Property of a similar nature and having at least the same value as the Personal Property replaced) without the prior written consent of Beneficiary; (c) the Personal Property is not used or bought for personal, family or household purposes; (d) deleted; (e) all covenants and obligations of Trustor contained herein relating to the Mortgaged Property shall be deemed to apply to the Personal Property, whether or not expressly referred to herein. 20