Laserfiche WebLink
200005275 <br />and deposits with Lender cash or a sufficient corporate surety bond or other security <br />satisfactory to Lender. <br />SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed <br />of Trust as a security agreement are a part of this Deed of Trust: <br />Security Agreement. This instrument shall constitute a Security Agreement to the <br />extent any of the Property constitutes fixtures or other personal property, and Lender <br />shall have all of the rights of a secured party under the Uniform Commercial Code as <br />amended from time to time. <br />Security Interest. Upon request by Lender, Trustor shall execute financing statements <br />and take whatever other action is requested by Lender to perfect and continue Lender's <br />security interest in the Rents and Personal Property. In addition to recording this Deed <br />of Trust in the real property records, Lender may, at any time and without further <br />authorization from Trustor, file executed counterparts, copies or reproductions of this <br />Deed of Trust as a financing statement. Trustor shall reimburse Lender for all expenses <br />incurred in perfecting or continuing this security interest. Upon default, Trustor shall <br />assemble the Personal Property in a manner and at a place reasonably convenient to <br />Trustor and Lender and make it available to Lender within three (3) days after receipt <br />of written demand from Lender. <br />Addresses. The mailing addresses of Trustor (Debtor) and Lender (secured party) from <br />which information concerning the security interest granted by this Deed of Trust may <br />be obtained (each as required by the Uniform Commercial Code) are as stated on the <br />first page of this Deed of Trust. <br />FURTHER ASSURANCES; ATTORNEY -IN -FACT. The following provisions relating to further assurances <br />and attorney -in -fact are a part of this Deed of Trust. <br />Further Assurances. At any time, and from time to time, upon request of Lender, <br />Trustor will make, execute and deliver, or will cause to be made, executed or delivered, <br />to Lender or to Lender's designee, and when requested by Lender, cause to be filed, <br />recorded, refiled or rerecorded, as the case may be, at such times and in such offices <br />and places as Lender may deem appropriate, any and all such mortgages, deeds of <br />trust, security deeds, security agreements, financing statements, continuation <br />statements, instruments of further assurance, certificates, and other documents as <br />may, in the sole opinion of Lender, be necessary or desirable in order to effectuate, <br />complete, perfect, continue, or preserve (1) Trustor's obligations under the Note, this <br />Deed of Trust, and the Related Documents, and (2) the liens and security interests <br />created by this Deed of Trust as first and prior liens on the Property, whether now <br />owned or hereafter acquired by Trustor. Unless prohibited by law or Lender agrees to <br />the contrary in writing, Trustor shall reimburse Lender for all costs and expenses <br />incurred in connection with the matters referred to in this paragraph. <br />Attorney -in -Fact. If Trustor fails to do any of the things referred to in the preceding <br />paragraph, Lender may do so for and in the name of Trustor and at Trustor's expense. <br />For such purposes, Trustor hereby irrevocably appoints Lender as Trustor's attorney -in- <br />fact for the purpose of making, executing, delivering, filing, recording, and doing all <br />other things as may be necessary or desirable, in Lender's sole opinion, to accomplish <br />the matters referred to in the preceding paragraph. <br />FULL PERFORMANCE. If Trustor pays all the indebtedness when due, and otherwise performs all the <br />obligations imposed upon trustor under this Deed of Trust, Lender shall execute and deliver to Trustee <br />a request for full reconveyance and shall execute and deliver to Trustor suitable statements of <br />termination of any financing statement on file evidencing Lender's security interest in the Rents and <br />the Personal Property. Any reconveyance fee required by law shall be paid by Trustor, if permitted by <br />applicable law. <br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute an Event of Default <br />under this Deed of Trust: <br />0 <br />