201505102 - Laserfiche WebLink

Browse

��15�51U� �EE� �F ��usT Loan 1Va: 1�1�88074 �Con��nued� Page 5 ta p�rmi�such part�Gipativn. Complian�e 1�lith Laws. Trustor warrants that the Property and Trustor's use af th� Property complies with all existing applicahle laws,ordinances, and regulati�ns�f go�ernmental authorities. Survival af Representatians and INarranties. All representativns, warranties� and agreements made by Trustvr in this ❑eed�f Trust shall sur�ive the execution and delivery of this Deed of Trust, shall be con�inuing in nature, and shall rernain in full force and effe�t un�il such time�s gorrawer's Inde�tedness shall b�paid in fulf. Ei�C1STING INDEBTEDNESS. The follvwing provisians concerning Existing Indebtedness are a part of this Deed of Trust: Existing Lien. The li�n nfi this Deed �f Trust securEng the Ind�h�edness may be secondary an� inferiar to an ex�sting lien. Trus�or expressly covenants and agrees to pay, or s�e t❑ the paymen�af, the E�cist�ng lnde�t�dness and to preVent any d�fau[t an such indebtedness� any defaul�under the instruments evidencing such indebtedness, or any de�au[t un�er any security documents far such indeb�edness. Nv Modif��ati�n. Trustor shall no� enter intfl any a�reernent with the holder of any mvrtgage, deed of �rust, or other security agreement whi�h has priarity o�er this Deed ❑f Trust by v�h�ch that agr�ement is modified, amended, extended, or renewed withaut the pri�r written cansent of Lender. Trustvr shall neither request nar acc�pt any future adVances under any such se�urity agreement without the priar wri�tten consent o�f Lender. CDNDEIVINATI��1. The fvllowin� pro�isions reEating to condemna�ion pra�eedings are a part of this Deed of Trust: Prv�esdings. If any proceeding in c�ndemnatian is filed, TrustQr sha[I pramptly notify Lender in writing, and Trustar shall promptly take such steps as may be ne�essary tv ds�end �he action and obtain the award, Trustor may b�the nominal party in such proceeding, but Lender shail be entitl�d to participate in the prnceeding and to be represented in the proceeding by counsel af its own choFce, and Trustor will deli�er or cause to �e delivered to Lender such instruments and dvcumentatian as may be re�uested by Lender from time to time to permit such participation. Applicatian of Net Proceeds. If all �r any part❑f the Praperty is �andernned by eminent domain praceedin�s or by any proceeding or pur�hase in lieu of can�emnation. Lender may a�its eiection require�hat all or any portian of the net proceeds of the award be appiied to the Indebtedness vr the repair or r�s�oration ❑f th� Property. The ne� proceeds of the av►rard shall mean the award after payment ❑f a[I reasonable costs, expenses, and attorneys' fees incurred by Trustee or Lender in connectian with the condemnation. IiVIPC�SITl�N UF TA�CES. FEES AIV❑ CHARGES BY G�VERiVMEIVTAL ►4UTH�RITIES. The �ofloWing provisians relafiing to governmental taxes,#ees and charges are a part af�his❑eed af Trust: Curren�Taxes, Fees and �harg�s. Upan reques� by Lender, Tru�tar shafl execute such documents in addition t❑ �his Deed �f Trust and take whatever�th�r a�tian is reque�t�d by Lender to per�ect and �antinue L�nder's lien on �he Real Pr�perty. Trustor shall reimburs� L�nder for all taxes, as described belaw, together with alf expense� incurr�d in recording, perfecting or cvntinuing this De�d o�F Trust, inciuding withvut limitation all taxes, #ees, documentary s�tamps, and other charges far re�ording or regis�ering this Deed af Trust. Taxes. The following shall const[�ute taxes ta which this section applies: {'I} a specific �ax upon this type of Dee�l of Trust or upon all or any part of the Indebtedness secured by this Qeed of Trust; �2} a specific tax on E�arrow�r which Barrawer is authori2ed or required to dedu�t from payments on the Indebtedness s�cured by this type �f Deed of Trust; {3� a tax on this�ype of Deed ❑�Trust chargeable against th� Lender�r�he halder af the Note; and �4y a specific tax on all �r any partion of the Indeb�tedness ar �n payments of principal and inter�st made by Borrawer. Suhse�uent Taxes. I� any tax ta which this se�tion applies is enacted subsequent to the date ❑f this a�ed of � Trus�, �his even� shall haWe the same effect as an Event of Default, and Len�er may exercise any ❑r all of i�s a�aila�le remedies �or an EWent of ❑efault as proWided below unless Trustor either �1� pays the tax before it b�comes definquent, or ��y cflntests the tax as pro�id�d abo�� in the Taxes and Liens sectivn and deposits with Lender cash or a sufficient corpora�e surefy bnnd or oth�r security sat�sfactory to Lsnder. SECURITY AGREEMENT; FINANCING STATEMENTS. The fallvwing pr��isions relating �v this Deed of Trust as a security agreernent are a par�t of�his Deed a�Trust: Se�urity a4gre�ment, This instrument shafl �vnstitute a Security Agrsem�nt to the extent any af the Proper�y c�nstitutes f�xtures, and Lender shall haWe all of the righ�s o�f a secured party under�he lJniform CQrnm�rcial Code as amended fram time to tirne. 5ecurifiy In�terest, Upon re�uest by Lender, Trus�tor shall take wha�te�er ac�ian is requestsd by Lend�r t� perfect and continue Lender's s�curity interes�t in the Rents and Pers�nal Propsrty, !n a�dit�on to r�cording �his Deed of Trust in fhe reai property recards, L�nder may, at any time and without fur�her authori�atian frnrn Trustar, file exe�u�ted counterparts, copies ❑r repr�du�tians of this ❑eed af Trust as a �inancing statement. Trustor shal� reimburse L�nder for all�xpenses inGurred in perfiec�ing ❑r continuing this securi�y in��rest. L1pon defauft, Trustor shal� not remo�e, se�er or detach the Persanal Property from the Property, L1pon de�fau[�, Trustor shall assemble any Pers�nal Pr�perty n�t a#fixed tv the Praperty in a manner and at a place reasonab[y c�nWenient to Trusta� and Lender and mal�� it a�ai�able �a Lender within thr�e �3� days after receipt af wri�ten demand from L�nder fa the extent perrnifi�ed by applicable law.