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89105089
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Last modified
10/20/2011 11:54:09 AM
Creation date
10/20/2005 10:02:20 PM
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DEEDS
Inst Number
89105089
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g 105088. <br />is in the-nature of a Leasehold Estate;, this deed of Trust shall. <br />bt -deem". to incumbet, and to grant -,. transfer.., bargain., saki., <br />convey av&:ss <br />. assign to Trustee, in trust= -as aforesiia, the fee <br />si imle tAtIAJA. _*#tire. ]Property.. <br />2.2 60ciati lky- I teretst to penefi%ei ary. - As . *Aditional <br />sec�arit ... for the 3i�ciiro .E ligations. Gtantoir hereby grants to <br />D"Wfi.ciai;y a !security interest in the Chattels -and in the <br />latasqiblo ' Personalty'. To - the extent any,*-, of the Chattels. or the <br />lntangibU. Personalty may be or have been acquired eith funds <br />44rtancted ° byj Beneficiary under the Loan Dpmments, this security <br />iatsrest- is4 purchase money security interest. This Deed of <br />Trust. constitutes a Security Agreeme ':.under the Uniform <br />Cawmerci4l Code of the state in which tiis Property Is located <br />with respect to any part of the Property ;. Chattels <br />4id :• ntangibie Personalty tthat may or mi. now or- hereafter be <br />:ot;.; deemed to be persona►roperty. fixtures oR•;Psopicy other <br />;,.;,,real *state.. (all collectively herAUtfter calle±, <br />"06- 11ateral "); all of the terms, provisions,',:'conditions <br />_qrsivtents contained in this Deed of Trust pertain and apply tv~ <br />the Collateral as fully and to the same, extent as to any other - <br />prope_ety comprising the Property• and the following provisions of <br />this section shall not limit the generality or applicability of <br />any ether provisions of this Deed of Trust but shall be in addi- <br />tion thereto: <br />ta) The Collateral:: shall. .be uxod by Grantor <br />solely for businesit:' purposes, being installed,'.. upon the real, <br />estate comprising ttrt of the Property for Grantor's own use of - as the equipment and furnishings furnished by Grantor, as land- <br />lord, to tenants of the Property; <br />(b) The Collateral shall be kept at the real <br />estate comprising a part of the Property, and shall not be <br />removed therefrom without the consent of Beneficiary (being the <br />Secured Party as that te'r`m is used in the Code); and the <br />Collateral may be .•atf'fixed to such real estate bat shall not be <br />affixed to any othsr;;real estate; <br />(c) No financing statemrvt covering any of the <br />Collateral or any . proceeds thereof. i>i' :on file . $n any public. <br />office; and Grantor Will, at its.. st • and expense, .upon diz n4i <br />furnish to Beneficiary such furth* information and will exetu <br />and deliver to Beneficiary such finangtng. statements 4rod . othe'r <br />documents in form satisfactory to bentficiary and will. do•all <br />such acts and things. as Beneficiar.V may at any time or from txive <br />to tW* reasonably ,,r* quest or as • =Jr be necessary or appropriate. <br />to establish and ** ntain a perfected security interest in tfm' <br />Collateral as: security; for the Secured tblklations, subject to no <br />adverse litne or erxwambrances; and Gtantot'• will pay the cost of <br />filing the 'in ms or filing or recording. i4ch financing statements <br />_S_ <br />mi <br />
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