My WebLink
|
Help
|
About
|
Sign Out
Browse
202200675
LFImages
>
Deeds
>
Deeds By Year
>
2022
>
202200675
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/26/2022 3:23:07 PM
Creation date
1/26/2022 3:23:07 PM
Metadata
Fields
Template:
DEEDS
Inst Number
202200675
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
7
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
20220067 <br />the property by any act or omission of act; and to comply with all requirements of law without <br />respect to the property. <br />6. Condemnation. In the event the property, or any part thereof, shall be taken by <br />eminent domain, Beneficiary is entitled to collect and receive all compensation which may be paid <br />for any property taken or for damages to property not taken, and Beneficiary shall apply such <br />compensation, at its option, either to a reduction of the indebtedness secured hereby or to repair <br />and restore the property so taken. <br />7. Performance by Beneficiary. Beneficiary may, but shall have no obligation to, do <br />any act which Trustor has agreed but failed to do, and Beneficiary may also do any act it deems <br />necessary to protect the lien hereof. Trustor agrees to repay, upon demand, any sums so expended <br />by Beneficiary for the above purposes, and any sum so expended by Beneficiary shall be added to <br />the indebtedness secured hereby and become secured by the lien hereof. Beneficiary shall not <br />incur any personal liability because of anything it may do or omit to do hereunder. <br />8. Assignment of Rents. Beneficiary shall have the right, power and authority during <br />the continuance of this Deed of Trust to collect the rents, issues and profits of the property and of <br />any personal property located thereon with or without taking possession of the property affected <br />hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues and profits <br />to Beneficiary. Beneficiary, however, hereby consents to Trustor's collection and retention of <br />such rents, issues and profits as they accrue and become payable, so long as Trustor is not, at such <br />time, in default with respect to payment of any indebtedness secured hereby, or in the performance <br />of any agreement hereunder. If any event of default described hereafter in respect to this Deed <br />of Trust shall have occurred and be continuing, Beneficiary, as a matter of right and without notice <br />to Trustor or anyone claiming under Trustor, and without regard to the value of the trust estate or <br />the interest of the Trustor therein, shall have the right to apply to any court having jurisdiction to <br />appoint a receiver of the property. <br />9. Transfer of Property. If all or any part of the property or any interest of Trustor <br />therein is sold, transferred or further encumbered without the express or written consent of <br />Beneficiary, Beneficiary may, at its sole option, declare all sums secured by this Deed of Trust to <br />be immediately due and payable and proceed to the remedies available to it under the default <br />provisions contained therein. <br />10. Events of Default. Any of the following events shall be deemed an event of default <br />hereunder: <br />(a) Trustor shall have failed to make payment of any installment of <br />interest, principal or principal and interest or any other sums secured hereby when <br />due; <br />(b) There has occurred a breach of or default under any term, covenant, <br />agreement, condition, provision, representation or warranty contained in this Deed <br />of Trust, the note or any other loan instrument secured hereby; <br />(c) There has been a default by the Trustor in the payment of any prior or <br />subsequent lien or encumbrance in respect to all or any part of the property; <br />3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.