201606826 - Laserfiche WebLink

Browse

201606826 TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from said real property; all leases now or hereafter existing or entered into, and all right, title and interest of Trustor thereunder, all interests, estate or other claims, both in law and in equity, which Trustor now has or may hereafter acquire in said real property; all easements, rights -of -way, tenements, hereditaments and appurtenances thereof and thereto; all oil and gas rights and profits, water rights and water stock; all right, title and interest of Trustor, now owned or hereafter acquired, in and to any land Tying within the right -of -way of any street or highway adjoining the real property; any and all buildings, fixtures, improvements and appurtenances now or hereafter erected thereon or belonging thereto, herein referred to as "Improvement" or "Improvements "; and any and all awards made for the taking by eminent domain, or by any proceeding or purchase in lieu thereof, of the whole or any part of the real property, all of the foregoing estate, property and interest conveyed to Trustee herein collectively referred to as the "Property ". FOR THE PURPOSE OF SECURING: (a) The payment of indebtedness evidenced by a Promissory Note dated October 14, 2016 in the principal sum of ONE HUNDRED TWENTY -FIVE THOUSAND DOLLARS ($125,000,00), together with interest at the rate or rates provided therein, or the principal and interest on any future advances evidenced by promissory notes stating they are secured hereby, herein referred to as the "Note" or "Notes ", and any and all renewals, modifications and extensions of such Note, both principal and interest on the Note being payable in accordance with the terms set forth therein, reference to which is hereby made. (b) The performance of each agreement and covenant of Trustor herein contained; and, (c) The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this Deed of Trust. A. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS: 1. Payment of the Principal and Interest: Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Note, and all other charges and fees as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed of Trust. 2. Warranty of Title: Trustor is lawfully seized and possessed of good and indefeasible title and estate to the Property hereby conveyed and has the right to grant and convey the Property; the Property is free and clear of all liens and encumbrances except liens now of record; and Trustor will warrant and defend the title to the Property 2