201701835 - Laserfiche WebLink

Browse

2� 17� 1835 DEED �F TRUST Laan No: 'I�'I 3��498 �Continued� Page 5 ta ga�ernmental taxes, fees and charges are a par�t❑f this Deed a�Trust: Curren� Taxes. Fees and Charg�s. Upon request by Lender, Tru�tvr shali execu�e such documen�s �n addi�ion to this Deed ❑f Trust and take whate�er oth�r action is reques�ed by Lender to p�r�ect and continue Lender's lien ❑n the ReaE Proper�y. Trustor shall reimburse Lender �or all �axes, as descrihed below, tvgether with all expenses incurred in recording� perfecting or continuing �h�s Deed o� Trus�, including without f�mEtatian a�1 taxes, fees, docum�ntary stamps, and vther charges for r�cording vr reg�stering�his Deed ot Trust. Taxes. The �ollowing shai� cons�i�ute �axes to which �his section applies: �'i} a speci�ic 'tax upan this type vf Deed a�Trust nr upon a1E or any part af the indebtedness secured by this Deed of Trust; {�f a speci�ic �ax ❑n Trustar which Trustor is authori�ed ❑r required to deduc�f�am payments ❑n the Indebtedness secured by this type a� Deed ❑-F Trus�, �3y a tax on this type o�Deed of Trust chargeable agains��he Lender vr�he ha�der v��he Note; and �4� a spe�ific �ax vn ali or any portinn of�he Indebtedness or ❑n paymen�s vf principal and �nterest made by Tru�tar. 5uhsequent Taxes. If any tax t� which this sec��on applies is enacted subsequent to �he date o# this Deed of Trust� this e�ent shali ha�e the same e�fect as an E�ent ofi �e#au[t, and Lender may exercise any �r a�{ vf its a�ailable remedies �vr an EWent o� De�ault as pro�ided belaw unless Trustvr either {�} pays the tax �e#ore it becames del�nquent, ❑r �� con�ests the �ax as prv�ided abo�� in �he Taxes and Liens sec�ian and deposi�s with Lender cash or a sufficient�orporate sure�y bond❑r o�her se�uri�y satistac�ory tv Lend�r. SECURITY AGREEMENT; FINANCING STATEMENTS, The tvllowing prv�isions re�atEng to this Dsed af Trus� as a security agreement are a par�❑f this Deed v�Trust: Security Agreement. This instrument shaf� cvns�i�ute a Securi#y Agreement to the ex�en't any v� the Property constitutes �ix�ures, and Lender shalE ha�e ail ❑f�he rights o'� a secured party under the Un�farm Gommercial Cvde as amended�ram time�o time. 5e�uri�y lnteres#. Upan request by Lender, Trus�or shal� take whate�er activn is reques�ed by Lender �o per�ec� and �ontinue Lender's security interest in �he Personal Prvperty. In addition to recording this Deed ❑�Trust�n �he real proper�y records, Lender may, a� any time and without #urther au�horization from Trus�o�, �ile execut�d caun�erparts, c�pies or reproduGt�ons o� �his ❑eed of Trust as a #�nancing statement. Trustar shall �eimburse Lender far a11 expenses incurred in per�ecting ar con�inuing this security in�erest. Upon detault, Trus�� sha�I nvt remo�e. se�er or de�a�h the Personal Praperty from the Prap�rty. Upon de�au�t, Trus�vr shalf assemble any Personal Prvperty no� af�ixed to the Property in a manner and a� a place reasonably con��nient to Trustar and Lender and make it a�ailable tv Lender within three {3f days after r�ceipt o� written demand from Lender ta the ex�ent perm�tted by applicable law. Addresses. The mailing addresses o� Trustor �debtor} and Lender {secured par�y} from which in�orma�ion concerning the security interes� granted by�his Deed of Trust may be ❑b�ained �ea�h as requ�red by the LJni�vrm Cammercial Code} are as s�ated❑n the firs�page o�this Deed❑�Trus#. FURTHER ASSURANCES; ATTDRlVEY-IN-FACT. The �vllowing pro�isions reEating to �u�-ther assurances and a�tarney-in-�acfi are a part vt this Deed of Trus�: Further �Issuran�es. At any time, and �ram time tv �ime, upon requ�st of Lender, Trus�ar wi�l make, exeGute and �leli�er, ar will cause ta be made, executed �r deli��red,tv Lender❑r t❑ Lender's designee, and when requested by Lender, cause �o be filed, recor�ed, refiEed. or rerecorded, as th� Gase may be, at such times and in su�h v��ices and p�aces as Lender may deem apprapriafie, any and all such mortgages, deeds of�trus�, securi�y deeds. security agreements, �inancing statem�n�s, continuation sta�emen�s, insfrumen#s ❑f �ur�her assurance, certi�icates, and v�her documen�s as may, in th�sale opinion ❑�f Lender� be necessary or desirable in order to e��ectuate. complete, per�e�t. continue. ❑r preser�e �1� Trus�or's abligations unde� the Note. �his Deed vf Trust, and the Reia�ed ❑�cumen�s, and �2� the liens and security inte�ests �reat�d by�his fleed ❑f Trust an�he Praperty� whether nvw owned ar hereafter ac�uired by Trus�or. Uniess prahil�ited by �aw or Lender agrees to the contrary in writing, Trustor shall reimburse Lender�or all �vs�s and expenses in�urred in connec�ion with the matters referred to in this paragraph. Attvrney-in-Fact. Ifi Trustvr�ails to do any of the things re�erred�a En �he preceding paragraph, Lender may d❑ so for and in th� name v�Trustor and at Trustor's expense. Far such purposes, Trus�vr hereby irre�acably appvin#s Lender as Trustor's at�orney-in-�act�or the purpvse of making, executing, deli�ering. �iling, recarding, and dving al[ other things as may he ne�essary ar desirable, in Lender's svle ❑pinian, to accomplish the mat�ers re�erred to in the pre�eding paragraph. Fl1LL PERF�RMANCE, ff Trustor pays ail the Indeb�edness, including withaut limitation all future ac��anc�s, when due, and o#herwise perfvrms afl the obligations imposed upvn Trustor under this Deecl of Trust, Lender shall e�€ecute and deli�er t❑ Trustee a request far full recan�eyance and shall execu�e and deli�er to Trustor suitab�e statements ❑� terminativn o� any tinan�ing statemen� vn �il� e�idencing Lender's security interest in the Ren�s and the Personal Proper#y. Any recan�eyance fee required by law shail be paid by Trustor. if permitted by applicahle faw. DEFAULT. At Lender's aption, Trustvr will be in de�aul�under this Deed❑f Trust i�any❑��he�ollowing happen: Fraud vr IVla�erial Misrepresen�a��on. Trustvr �nmmi�s fraud ar material misrepresen�atian in connectivn with �he terms o��he No�e.