My WebLink
|
Help
|
About
|
Sign Out
Browse
200109054
LFImages
>
Deeds
>
Deeds By Year
>
2001
>
200109054
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/14/2011 9:29:12 AM
Creation date
10/20/2005 10:07:23 PM
Metadata
Fields
Template:
DEEDS
Inst Number
200109054
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
20
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
200109054 <br />(ii) Second, to the payment in full of the secured indebtedness; <br />(iii) Third, to payment of junior trust deeds, mortgages, or other <br />lienholders; and <br />(iv) Fourth, the remainder, if any, shall be paid to the person or <br />persons legally entitled thereto. <br />(2) If by judicial foreclosure: <br />(1) First, to the discharge of the debt adjusted by the court to be due, <br />and of costs awarded; and <br />(ii) Second, the surplus, if any, to the use of the Grantor or of the <br />persons entitled thereto, subject to the order of the court. <br />If the net proceeds of such sale or sales shall not be sufficient to pay in full the <br />indebtedness hereby secured, Grantor hereby promises and agrees to pay any deficiency thereon on <br />demand. <br />5.05 Remedies Not Exclusive. No remedy herein conferred upon or reserved to Trustee <br />or Grantee is intended to be exclusive of any other remedy, but every remedy herein provided shall be <br />cumulative, and shall be in addition to every other remedy given hereunder or now or hereafter existing at <br />law or in equity, or by statute; and every power and remedy given by this Deed of Trust to Trustee or to <br />Grantee may be exercised from time to time and as often as may be deemed expedient. No delay or <br />omission by Trustee or by Grantee to exercise any right or power arising from any default shall impair <br />any such right or power or shall be construed to be a waiver of any default or an acquiescence therein. In <br />case Trustee shall have proceeded to enforce any right under this Deed of Trust by foreclosure, entry or <br />otherwise, and such proceedings shall have been discontinued or abandoned because of waiver or for any <br />other reason, or shall have been determined adversely, then, and in such and every such case, Grantor and <br />Trustee shall severally and respectively be restored to their former positions and rights hereunder in <br />respect of the Property, and all rights, remedies and powers of Trustee shall continue as though no such <br />proceedings had been taken. The unenforceability or invalidity of any provision or provisions hereof <br />shall not render any other provision or provisions herein contained unenforceable or invalid. <br />SECTION 6. GENERAL PROVISIONS. <br />6.01 Future Advances. This Deed of Trust shall secure such future advances (i) as may <br />be made by Grantee, at its option, and (ii) as may be made by Grantee as Protective Advances. All such <br />future advances shall be equally secured from the time of recording of this Deed of Trust, and have the <br />same priority as this Deed of Trust over the rights of all other persons who acquire any rights in or liens <br />upon the Property subsequent to such recording. The total amount of indebtedness secured by this Deed <br />of Trust may decrease or increase from time to time, but the total unpaid balance so secured at anyone <br />time shall not exceed the maximum principal amount of $10,000,000.00, plus interest, and the amount of <br />all Protective Advances made by Grantee, with interest on those advances. <br />6.02 Trustee. The Trustee may resign at any time by written instrument to that effect <br />delivered to Grantee. Grantee shall be entitled to remove, at any time or from time to time without cause, <br />the Trustee. In case of the death, removal, resignation, refusal to act, or the inability to act of the Trustee, <br />11 <br />
The URL can be used to link to this page
Your browser does not support the video tag.