Laserfiche WebLink
200002666 <br />premium, if any, and interest on the Bonds due or to become due thereon, at the times and <br />in the manner provided in the Indenture and the Bonds, and shall cause the payments to <br />be made on the Bonds as required under the Indenture, or shall provide, as permitted by <br />the Indenture, for payment thereof by depositing with the Bond Trustee the entire amount <br />due or to become due thereon, and shall well and truly cause to be kept, performed and <br />observed all of the County's material covenants and conditions pursuant to the terms of <br />the Indenture and shall pay, or cause to be paid, to the Bond Trustee all sums of money <br />due or to become due to the Bond Trustee in accordance with the terms and provisions of <br />the Indenture, then after final payment thereof the conveyance, pledge, assignment, <br />transfer and security interest and lien rights hereby granted shall cease, determine and <br />be void, otherwise to be and remain in full force and effect. <br />1. TAXES. The Company shall pay all taxes and special assessments of every <br />kind now or hereafter levied against the Project, as provided in the Agreement. <br />2. INSURANCE. The Company shall keep in force insurance upon the Project, <br />as provided in the Agreement. <br />3. MAINTENANCE OF PROJECT. The Company shall maintain all of the <br />buildings and other improvements and equipment constituting a part of the Project, as <br />provided in the Agreement. <br />4. ATTORNEYS FEES. In case of any action or any proceedings in any court <br />to collect any sums payable or secured by this Deed of Trust to protect the lien of title <br />hereunder of the Deed Trustee, or in any other case permitted by law in which attorneys' <br />fees may be collected from the County, or charged upon the Project, the Company agrees <br />to pay all of such reasonable attorneys' fees. <br />5 CONTINUATION OF ABSTRACT/UPDATED COMMITMENT. In the event <br />of any default hereunder by the Trustor, the Beneficiary may, at the expense of the <br />Company, procure an abstract of title, or continuation thereof, or at its option, an updated <br />commitment for title insurance for the Site and the Facilities, with interest upon such <br />expense at the rate of 15 percent per annum. <br />6 ADVANCES OPTIONAL WITH DEED TRUSTEE. It is expressly <br />understood and agreed that if the insurance above provided for is not promptly effected, <br />or if the taxes or special assessments assessed against the Project shall become delinquent, <br />the Deed Trustee (whether electing to declare the whole amount secured hereby due and <br />collectible or not) may (but need not) effect the insurance above provided for, and need not, <br />but may and is hereby authorized to pay said taxes and special assessments (irregularities <br />in the levy or assessment of said taxes being expressly waived), and all such payments <br />with interest thereon at the rate of 15 percent per annum from time of payment shall be <br />a lien against the Project. <br />7 POWER OF SALE AND FORECLOSURE. Upon the occurrence of an "Event <br />of Default" (as that term is defined in the Indenture) under the Indenture while any Bonds <br />337230.3 -3- <br />