201701840 - Laserfiche WebLink

Browse

2� 17� 184� �EED �F TRUST Loan No: ��'13Q7�7� ��antinued� Page 5 Exist�ng Lien. The �Een ❑� this Deed of Trust securing the �ndebt�dness may be seconda�y and Enferior to an existing lien. Trustor expressly �v�enants and agrees �o pay� ❑r see ta the payment of, �he Existing Inde�tedness and �a prev�nt any default vn such indebtedness. any defaul�und�r#he instrum�nts e�idencing such indebtedness. or any default und�r any security dacuments for such indeh�edness. No Modificativn. Trustar shal! nv� en��r into any agreement with the holder af any mor�gage, deed af trust, or vther security agreemen� which has priar�ty v�er �his Deed o� Trus� by which �hat agreement is modified, amended, ex�end�d, ar renewed without the privr w�-i�ten �onsen� o� Lender. Trustar shali neith�r reques� nor accept any#uture ad�ances under any such security agreement►rvithout the prior written consent of Lender. GflNDENiNATI�N. The fallowing provis�ans relating ta cvndemnation pro�eedings are a part o�thEs fleed ❑�Trust: Praceedings. I� any p�oce�ding in condemnation is �i1ed, Trustar shall pramptIy not�fy Lender in writ�ng, and Trustar sha[I promp�ly take such s�eps as may be necessary to defend the actian and obtain the award. Trustor may be the nomEnal party�n such proceeding, but Lender shal� be entitled to par�icipate in the proceeding and�n be represented in the proceeding �y counse! v� ��s awn chaice, and Trustor wiil deli�er v� �ause to be deli�ered to Lender such instruments and dacumentatian as may be reques�ed by Lender from time to ��me �v permit such partic�pativn. . Applica#ion af Net Praceeds. !t ai� ar any part a�the Praperty is condemned by eminent domaEn proceed�ngs ar by any pro�eedin� or purchase in lieu fl�condemnativn, Lender may a�its election require that aIf�r any portEan o�the net prviceeds of th� award be applied to the lndebtedness ❑r the repair �r res�ora�ivn a� the P�op�rty. The net pr�ceeds ��the award shai[ mean the award a#�er payment ❑f a11 reasonable cos�s, expenses� and attvrneys' fees incurred by Trustee or Lender�n cannection with the cond�mnatian. �MP�SIT[�N �F TA�ES. FEES AN❑ CHARGES BY G�VERNMENTAL AUTH�RITIES. Th� foflvwing prv�isions rela��ng to go�ernmen�al taxes, tees and charges are a part o�this D�ed af Trust: Cur�ent Taxes, Fees and Charges. Upon request by Lender, Trustar shall execute such documents in addition to �his Deed o�Trust and �ake whate�er o�her ac�ian is r�quested by Lender to per�ect and cantinue Lender's �ien on the Real Praperty. Trustor shall �eimburse Lender �or a�! taxes, as described be�ow, �Cogefihe�- wi�h aI� expenses incurred in recording, per�ecting ar contEnuEng th�s De�d af Trus�. including wi�haut iimitat�on al! taxes. fees, dacumentary stamps. and other charges for re�vrding�r registering this Deed ❑f Trust. Taxes. The �ollawing sha1I canstitute taxes to which th�s sect�vn applies: �1} a speci�ic tax upvn this fiype of Deed ��Trust or upan aI� or any par� ❑f the lndehtedness secured by th�s D�ed of Trus�; �2} a specitic tax on Trustor which T�rustv�-is au�horized or required to deduct frvm payments ❑n the lndebtedness secured by this type o�Deed v�Trust; �3f a tax on this type of❑eed af Trust cha�geabfe against the Lender or the halder af th� Nate; and {4y a speci�ic �ax vn a!� vr any portEvn of the Indebtedness or on payments af principa! and int�rest made by Trus�vr. Subsequent Taxes. If any tax �o wh�ch this sectivn appiies is ena�fied subsequent to the date o� this Deed vf Trust, this e�ent shail ha�e the same efFec� as an Ev�nt af Defiault, and Lender may exerc�se any or all af its a�ailabl� remedies �For an E�ent ot De�aul� as prv�ided below unless Trustor e�ther {'f} pays the tax be�are �� becomes delinquent, or ��} contes�s the tax as p�rv�ided aba�e in the Taxes and Liens sectivn and deposits with Lender cash or a suf�icient corpvrate surety hond or ofiher securi�y satisfa�tory�v Lender. SE�UR�TY AGREEMENT; FINANCING STATEMENTS, The followEng prvvisians reiating to th�s Deed vf Trust as a secur�ty agreement are a part o�this �eed v#Trust: Security Agreement. This instrument sha�� cvnstitute a Security Agreement to the extent any ❑f the Prope�ty �vnstitutes �ix�ures. and Lender sha11 ha�e ail of tha righ�s o�a secured party under fihe Unifarm CommercEai Gode as amended from�ime to time. 5ecur�ty lnterest, Upan reques� by Lender, Trustor shaii take whafiever action is requested by Lender to perfect and contEnu� Lender's security interest En the Ren�s and Personai Property. ln addEtian to recarding �this Deed o� Trus� in the rea! property records, Lender may, at any time and withou� �ur�her authorEzafiivn ��-am Trustor, file execu�ed coun�erparts, cvpies or reprvdu�tions nf �his Deed o�F Trust as a financing s�atement. Trustor shall reimbu�se Lender�or al� expenses incurred in perf�cting ❑r continuing th�s security interest. LJp�n de�Fauit, Trustar sha�! not remo�e, se�er or deta�h �he Persvnai Praperty �Frvm the Proper�y. lJpan defau�t, Trusto� sha�� assemble any Personal Property na# affixed tv�h� Praperty�n a manner and at a pEace reasonab�y cnn�enient ta Trustor and Lender and make it aWailable to Lender ►nr�thin three �3} days a�ter receip� of written demand from Lender to the ex�ent permi��ed by appficahfe law. Addresses. The mailing addresses o�F Trustvr {debtvr� and Lend�r tsecured party� �rvm which �nformation conce�ning th� secur�ty interest granted by this aeed of T�ust may be abtained {�ach as required by the Uni�orm Comme��al Cvdef are as stated on the first page❑�this Deed v�Trust. FURTHER ASSURANCES; ATT�RNEY-IN-FACT. The fo[lowing pro�isions rela�ing to further assuranGes and a�t�orney�in-�act a�e a part❑f this Deed flf Trust: Fur�her Assurances. A� any�ime� and ��am �ime to time� upan request❑f Lender� Trustor wi�l make� exeGute and deliver, ar will cause ta b� made, execufied �r de�ivered,to Lender ar to Lender's designee, and when requested by Lende�, caus� to �e filed, recorded, refiled, ar rerecard�d, as the case may be, at su�h times and in su�h of�ices