201702716 - Laserfiche WebLink

Browse

2� 17�271 � DFE� �F TRL��T Lnan No: 1��94 {��rttinu��} Page 5 Trus��r wil! deiiver, ar cause�v be de�iWered. �o Lender such ins�rumen�s as Lend�r may r�quest fram time�o#ime to �ermi�such participativn, Complian�e With Laws. Trus�ar ►►varrants �hat �he Property and Trustor's use af the Proper�y c�mp�ies with at� existin� appli�able laws, ordinances, and regulations vf go�ernmental au�hvrities. Survi�al of Repr�sentations and `IVa�ran�ies. All represent�rtions, warranties, and agreem�n�s made by Trustor in this Deed a�Tru��shall sur�i�e th� executian ar�d d�livery a�thi� Deed of Trus�, shall be �ontir�uing in nature, and shall remain in��II�orce and ef�ec'�until such time as �orrawer's Indeb�edness sha�! be paid�n ful�, EKIST�NG lNDEBTE�NESS. The�Fallowing pravisians concerning Existing Indeb�edness are a part��this Dee�❑�Trus�: Exis#ing LEen. The 1i�n o� this Deed �� Trust se�ur�ng the lndebtedness may be se�andary and infer�or �o an existing fien, Trus�or �xpressly co�enants and agr�es to pay. ar s�e t�the paymen�vf, �he Existing Endeb�edness and�o prevent any de�aui�❑n su�h ind�b�edness, any de�aul�und�r th� ins�ruments evidencing such indebtedness, ar any def�ult under any securi�y docum�n�s�ar suCh indebtedness. No Mvdi�icatiQn. Trus�ar �hall not en�Cer in�a any agreement wRth the haEder o� any mortgar�e, deed ❑� trust, a� a�her security ag�eement wh�ch has prFority o�er thfs Deed of Trus� by ►►vhich �hat agreemen� is madi�ied. amend�d, �x�ended, nr renewed wE#hau� the prior wr��en cansen� a� Lendsr. Trus�vr shail neither request nor acc�p�any�uture advances under any such securi�y agreement withou��h� prio�-wrifiten consent�f Lender. GC3NDEMIIIATIC�N. The�olfr�wing provi�ions rela�ing�o candemnation prviceedings are a part❑f this �eed o�Trus�: Prviceedings. f� any prvice�ding in cvndemnativn is fi�ed, Trus�or shal! promp�ly no��#y Lender in wri�ing� �nd Trus�or shall pramptly take such s�eps as i-nay be necessary �a defend �he action and abtain the award, Trustor may be the naminaf party in such prvice�ding, but�.ender shal� be entitled tv participa�e in the prac��ding �nd�v be rep�esen�ed in �he prviceeding by counsel ❑f its awn �hflic�, and Trustvr wili deliver or cause tv be de�i�ered ta Lender such ins�rum�n�s and dvcumentativn as may be reques��d by Lender �r�m time �o time �to permi� such par�icipat�nn. Applica�it�n o�Net PraGeeds. If all �r any part v��he Pra�er�y is condemned by eminent d�m�in prvGeedings or by any pro�eeding or purchase in lieu a�cvndemna#ivn, tender may a�i�ts elec�ion require tha�all or any portivn ot�he net praceeds �f th� award I�e a�plied ta �he Indebtednes� ar the repair or restorativn vf the Prvperty, The n�� pra�eeds af�he �wa�d shall mean �he awa�d a�er payment a� all r�asanabEe �vsts, e�penses� and a�t�rneys' �e�s incurred by Trus�ee ar�.end�r�in conneG�ian wi�h�he cvndemnation. IMPQSlT��N �33F TA�ES, FEES �ND CHARCES �Y GOVERNMENTAL AUTH�R1TlES. Yhe ��Ilowing �ra�i�ian� relating 'to ga�ernmen�a�taxes. �ees and �harg�s are a par�❑f this Deed a�7'rust: Current Taxesr Fees and Gharges. Upon r�ques� hy Lender, Trust�r sha�l execute suGh docurnents in addi�ian ta this Qeed of Trust and�ak� vvh��e�er other ac�ion is reques�ed by Lender to perfe�� and �on�inue Lender's lien vn the ReaE Prvperty. Trusto� shall �eimburse Lender �vr all ��x�s, as d�scrib�d befqw, toge�her wi�h a11 expenses in�urred in recarding, p�r�ecting or cantinuing �his ❑eed af Trust, including wi�haut fimi�ati�n alI taxes, �ees. docum�n�ary s�amps, and o�her cF�a�ges�or r�c�rd�ng or rEgistering�his Qeed o�Trus�. � Taxes. T�e �Fv[[awing shal� consti�ute taxes to which �his se��ian applies: {�} a speGific tax upan �hi� �ype o# Deed af Trust ❑r upvn ai� ar any part o�the Indebtedness secured by this ❑eed �t Trust; t2� a specifi� tax ❑n Qorrower whi�h garrower is �uthorized ar r�quired �o d�du�t�rram payments an the l�deb�tedness secured by this type ot Deed ofi T�ust; �3} a�ax an this type v� ❑eed vf Trust chargeabie a�ainst�he Lender❑r the ho�der v#�he Nv��; and �4) a speci�ic ��x on �IE ❑r any pt�rtivn of the IndEb�t�dness ar Qn paymen�� pr'incfpal and intere��t made by �Qrrvwer. Suhsequent Taxes. If any �ax ta which this sectian app�ies is enacted su�sequen� �a the date of #his ❑eed ot Trus�, this e�ent shal! ha�e th� same e��eG� as an Event a� �e�auft, and Lender may exercEse any or ail o� i�s availab�e rem�dies for an E�ent of DefauEt as prv�ided below unless Trustor ei�her t1 y pays the �ax befare i� b�comes de�inquen�, vr ��} cvntes�s �he �ax as �r��ided aba�e in the Taxes and Liens secti�n and deposi�s wi�h Lender cash or a su�ti�ient Gorpora�e su�ety bvnd or v�her securi�y satis�actary to L�nder. S�G[lR�T� A�REEMENT; FINANCING STATEMENTS. The �ollowing pro�isions rela�ing �o �his �eed of Trust as a securi#y agreement are a part of this aeed of Trus�; Security Agreement. Thts instrument shalf cans�i�ut� a �ecurEty Agreer�ent to �he extent any of �he Praper�y canstitutes fixtu��s, and Lender shali ha�e a11 ��the �ights of a se�ur�d party under the Unitorm Comm�rcia� Code as amende��rom tim��❑time. 5e�uri�y In�eres�. Upon reques� by Lender, Trus�or shall tai�e wha�ever a��ion is requ��ted by Lender �Q per�ec� and cvn�inue Lender`s security in�erest in the Ren�s and Personal Property. �n additivn tv record�ng �his ❑eed o� Trust in the rea� p�operty rec�rds, Lender may, at any time and without fu��hsr authori�ati�n from Trustar, �ile executed �ounterparts, capies or reprvduc�ions ❑f this �eed ot Trust as a �inancing statem�n�. Trustor shall reimburse Lender�ar a�f exp�nses inGurred in per�ec�ing Qr can�inuEng �his security En�er��. Upon de�ault, Trustc�r shall not remv��, se�er ❑r �etach the Persona] Pr�perty frQm the Property. Upan de�aul�. Trustvr sha�l assemble any Persanaf Praper�y nvt a��ixed �o the Pr�per�y in a manner ar�d at a p1ac� reasona��y con��nien#��Trus�vr and Lender and make it avai�able to Lender wtthin three �3� days after receip� o� written demand ��om Lender to the