200009893 - Laserfiche WebLink

Browse

200009893 the full amount secured hereby before such payment occurred. Any application of proceeds to the Obligations shall not extend or postpone the due date of any payments under any promissory note, or cure any default under such note or this Deed of Trust. 4. Environmental Compliance. Trustor hereby warrants and represents that there are no environmental conditions at or about the Premises that constitute a violation of any existing laws or regulations. Trustor hereby warrants and represents that there are no pending or threatened lawsuits, administrative actions, or governmental inspections or investigations which involve environmental claims or conditions at or about the Premises. Trustor shall comply with all Federal, State and local environmental laws, ordinances, rules, requirements, regulations and publications as now existing or hereafter existing relating to environmental conditions or the regulation and control of toxic or hazardous substances or materials. Trustor hereby indemnifies and holds Beneficiary, its successors and assigns, harmless from and against any and all claims, damages, losses and liabilities arising in connection with the presence, use, disposal or transport of any substance which is the subject of any environmental law or regulation dealing with toxic or hazardous substances or materials on, under, from or about the Premises. This indemnity shall survive reconveyance of the Premises secured by this Deed of Trust. 5. Use and Preservation of Premises. Trustor shall use the Premises for lawful business or agricultural purposes only; shall not substantially change the Premises, allow the Premises to deteriorate, or commit or permit waste. Trustor shall comply with all laws and regulations applicable to the use of the Premises, and shall maintain the improvements thereon in good repair. 6. Protection of Trust Premises. If Trustor fails to pay taxes or assessments, maintain insurance or maintain the Premises as provided herein, Beneficiary, in its sole discretion, may pay any such amounts or take steps to protect the value of the Premises and the rights of Beneficiary in the Premises. Any sums Beneficiary advances for payments of any such taxes or assessments, maintenance or protection of the Premises shall be secured by this Deed of Trust, shall constitute a debt due from Trustor to Beneficiary, and shall bear interest thereon at the default rate provided in the Note. 7. Inspection. Beneficiary, its employees and agents, may make reasonable entries on the Premises for purposes of inspection. 8. Forbearance Not Waiver. Failure by Beneficiary to exercise any right or remedy available under this Deed of Trust or the Note on any one default shall not waive or preclude the exercise of any right or remedy in the event of any subsequent default. 9. Eminent Domain. Trustor shall give to Beneficiary prompt notice of any action, actual or threatened, in condemnation or eminent domain of all or any part of the Premises and hereby assigns, transfers and sets over to Beneficiary the entire proceeds of any compensation, award, or other payments or relief granted for the taking of the Premises by the exercise of such eminent domain, condemnation proceeding, or in any other manner. Beneficiary, in its sole discretion, shall apply the proceeds received to payment of (i) any expenses incurred by Beneficiary collecting such proceeds, (ii) to the Obligations, whether due or not, or (iii) to the restoration or repair of the Premises.