202108974 - Laserfiche WebLink

Browse

202108 74 (D) All right, title and interest of Trustor in and to all streets, roads and public places, opened or proposed, and all easements and rights of way, public or private, tenements, hereditaments, rights and appurtenances, now or hereafter used in connection with, belonging or appertaining to, the Property; (F) All proceeds (including claims and demands therefor) of the conversion, voluntary or involuntary, of any of the foregoing into cash or liquidated claims, including, without limitation, proceeds of insurance and condemnation awards; and FOR THE PURPOSE OF SECURING, in such order of priority as Beneficiary may elect: (1) Due, prompt and complete observance, performance and discharge of each and every obligation, covenant and agreement contained in the Term Loan Note between Trustor and Beneficiary dated October 22, 2021 in the original principal amount of $78,000.00.00 (Seventy Eight Thousand Dollars and no/100) (the "Note") including, without limitation, all obligations evidenced by the Note as defined therein, to Beneficiary; and any and all modifications, substitutions, extensions or renewals of the Note and whether the entire amounts shall have been repaid in part and; (2) Due, prompt and complete observance, performance and discharge of each and every obligation, covenant and agreement of Trustor contained herein; and (3) Payment of any other or further indebtedness at any time owing by Trustor to Beneficiary however the same may be incurred, and in whatever form it may be, whether contingent or represented by notes, judgments, or otherwise, and all interest thereon. (4) Due, prompt and complete observance, performance and discharge of each and every obligation, including payment obligations, covenant and agreement contained in the Note, Loan Agreement of even date herewith. The foregoing debts and obligations are hereinafter collectively referred to as the "Obligations"). ARTICLE I COVENANTS Trustor covenants, warrants, represents and agrees to and with Beneficiary and Trustee as follows: 1.01 Payment of Principal and Interest. Trustor will pay the Obligations according to the terms thereof. 1.02 Warranty of Title. Trustor owns fee simple title to the Property and is lawfully seized of the Property hereby conveyed, has the right to grant and convey the Property, and has good and marketable title to the Property subject to no lien, charge or encumbrance—except for any such liens or encumbrances disclosed to Beneficiary in writing; Trustor owns the Fixtures free and clear of liens and claims, except as permitted under this Deed of Trust; and this Deed of Trust is and will remain a valid and enforceable lien on the Property subject only to the exceptions referred to below. Trustor -3-