201702334 - Laserfiche WebLink

Browse

2� 17�2334 �EEv �� T�usT = Lvan No: ��3q39�� ontinued} Pags 6 Lender as Trus�or's a��arney--in-�act�o��he purpvse��making, execu�ing, deli�ering, filing, re�ording, and doing all o�her �hings as may be necessary ❑r des�rab�e, in Lender's sole �pinion, �to accomplish �he ma�ters re�erred �a in the preceding paragraph. FULL PERFaRMANCE. I�Trus��r pays all �he �ndebtedness, including without limi�a�ion aI� fu�ure ad�ances. when due, and otherwise per�orms all the abligativns imposed upon Trus�vr under this Deed a� Trust, Lender sha�! execute and deliver to Trustee a request for -�uf� recon�eyance and shall exe�ute and deli�er to T�-ustvr suitabfe sta��ments af �ermina�ion of any financing statement ❑n file e�idencing Lender's securifiy interest in the Ren�s and the Persvna[ Property. Any re�on�eyance fee required by Iaw sha[l be paid by T�ustor, if permitted by appli�able law. EVENTS �F I�EFAULT. Each of�he foll�wing, a� Lender's ap�ian, shall cans�itute an EWent a� ❑efault under this Deed of Trust: Paymen�Defaul�. Trustor fails ta make any payment when due under�he lndelatedness. �ther Defaul�s. Trustar �ails �❑ compEy wi�h ❑r t� perform any �ther term, obliga�ion, co�enant ❑r cnndi�ion contained in this Deed ❑� Trust or in any o-� �he Related ❑ocumen�s or to comply with ❑r t❑ perfarm any �erm, ❑bligation, caWenant❑r conditivn contain�d in any❑�her agreemen�1�etw�en Lender and Trustor. Campliance Defau!#. Failure to �amp[y with any o�her term, ❑bliga�ian, co�enant �r condition conta�ned in th�s ❑eed ❑fi Trus�,�he No�e❑r in any v#the ReEafied Documents. Default vn ��her Payments. FaiEure o�Trus�or within the time required 1ay fihis ❑e�d af Trust tv make any payment ��r taxes�r insurance, ar any o�her payment necessary to pre�ent�iling o#vr t�effect discharge�f any li�n. False 5tatemen�s. Any warranty, represen�ka�ian or s�atemen� made ar -�urnished t❑ Lender by Trustar ar on Trustor's behal� under this Deed of Trus� or fihe Re�ated ❑vGuments is �a[se ❑r misleading in any material respe�t, ei�her nvw ❑r at the�ime made ar furnished ❑r be�omes fafse❑r m�sfeading at any time fihereafter. De�ective Coila�eraliza�ion, This Deed of Trus� or any of the Re�at�d Documen�s ceases �o be in full farce and effec� {including fai�ure o� any collateral dvcument ta creafie a �a��d and perfecfied secu�ity interes� ar lien} at any time and for any reason. Dea�h or lnsal►rency. The dissoiution �# Trus�kor's {regardless a-� whether elec�ian to continue is made�, any member withdrav►rs from the limited liability cvmpany, or any vther termina�ion af Trus�ar's exis�ence as a going business vr the death of any member, the insolWency o� Trus�vr, the appaintment of a recei�er �or any part ❑f Trustar's �roperty, any assignmen� for the benefi� of credEtvrs, any �ype a� credi�ar workout, ❑r �he commencem�nt❑f any pr�ceeding under any bankruptcy or insol�ency iaws by❑r against Trustar. Cred�tor or Fvrfeiture Proceedings. Commencement of fo�rec�osure ❑r forf�iture proceedings, whether by �udicial proceed�ng, self-help, �-epvssession vr any o�her methvd, by any credifior❑�Trustvr or by any go�ernmenta[ agen�y agains� any �roper�y securing the Endeb�kedn�ss. This includes a garnishmen� ❑f any ❑f Trustor's ac�flunts, in�luding deposit accounts, with Lender. Hawe�er, this E��n� ❑f flefault shall no� apply if fihere is a goad faith dispute by Trustor as t❑�he �alidi�y vr reasonahleness ❑fi�he cEaim which is the �asis ��the �redit�r ❑r forfe�ture proceeding and i� Trustor gi�es L�nder wri��ken na�i�e of �he creditor ar for�eitu�-e proceeding and depos�ts with Lender monies or a sure�y b�nd for�he creditor vr�ar�eiture proceeding, in an amount d�termined �y Lender, in its sale discre�ion, as being an adequate reser�e vr 1�vnd�or�he dispute. Brea�h vf D�her Agreement. Any lareach by Trustor under the�erms o�any other agreement be�ween Trustor and Lender that is nv� remedied within any grace period proWid�d therein, including withou� limitation any agreemen� concerning any indebtedness or other obliga�ian❑�f Trustor to Lender, whefiher exisfiing nvw or later. Even�s A�ffe�ting Guaranfior. Any af the preceding e�ents occurs with respect �o any Guarantor ❑�F any ❑f the Indebtedness or any Guarantor dies ❑r becomes incompeten�, ❑r re�okes ❑r disputes the �alidity v�, or [iabili�y under, any Guaranty af the Indebtedness. Adverse Change, A material ad�erse change ❑ccurs in T�ustvr's #inan�ial condi�ian, or Lender belie�es the prospect❑-�payment or p�r�armance of�h� lndeb�edness is impaired. lnsecurity. Lender Fn gvvd faith be��eWes itself insecure. R�ght�o Gure. I-�any de�aul�, v�her�han a default in paymen�, is curabie and if Trus�ar has no�been gi�en a nvtice ❑f a breach of the same pro�is�on ❑f�his Deed v�F Trust wi�hin the prec�ding-�wel�e {`f 2� mon�hs, i�may be �ured if Trustor, after Lende�sends writ�en notice ta Trustar demanding cure af such de�au�t: {1} cures fihe defauit within fifkeen 415} days; vr {�} if the �ure requires more than �ifteen ��5} days, immediately initiates steps v+ihich Lender deems in Lender's sole discre�ion �fio 1�e sufficient �a cure �he de�faul� and �hereafker continues and completes all reasanable and necessary steps su-��icient fia praduce compliance as svvn as reasvna�ly practica�, R1GHT5 AND REMEDIES �N DEFAULT. If an E�ent❑f ❑efaulfi occurs under�this Deed ❑f Trust, a� any�ime �hereaf�er, Trustee or Lender may exercise any one❑r more❑f the foIIawing rights and remedies: Acceleration Upvn ❑efault; Additianal Remedies. lf any E��nfi of ❑e�aul� occurs as per the terms �f the N��e secured hereby, Lender may declare all Indebtedness ss�ured by�khis Deed ❑f Trust to be due and payable and the same shall thereupon become due and payable wi�hvut any presen�ment, demand, protes�or no�ice of any kind. Thereaf-ker, Lender may: