200110903 - Laserfiche WebLink

Browse

200110909 proceeding or proceedings for the total or partial foreclosure of this Deed of Trust and any or all of the Additional Mortgages whether by court action, power of sale or otherwise, under any applicable provision of law, for all of the Secured Obligations or the portion of the Secured Obligations subject to the respective Additional Mortgages, as the case may be, and the lien and the security interest created by the Additional Mortgages shall continue in full force and effect without loss of priority as a lien and security instrument securing the payment of that portion of the Secured Obligations then due and payable but still outstanding. Grantor acknowledges and agrees that the Trust Property and the Additional Properties are located in one or more States and counties, and therefore Beneficiary shall be permitted to enforce payment of the Secured Obligations and the performance of any term, covenant or condition of the Secured Documents, this Deed of Trust or the Additional Mortgages and exercise any and all rights and remedies under the Loan Documents, this Deed of Trust or the Additional Mortgages, or as provided by law or at equity, by one or more proceedings, whether contemporaneous, consecutive or both, to be determined by Beneficiary, in its sole discretion, in any one or more of the States or counties in which the Trust Property or any of the Additional Properties is located. Neither the acceptance of this Deed of Trust, the Loan Documents or the Additional Mortgages nor the enforcement thereof in any one State or county, whether by court action, foreclosure, power of sale or otherwise, shall prejudice or in any way limit or preclude enforcement by court action, foreclosure, power of sale or otherwise, of this Deed of Trust, the Loan Documents or any Additional Mortgages through one or more additional proceedings in that State or county or in any other State or county. SECTION 8.19. Notice in the Event of Notice of Default/Sale. Grantor hereby requests that, unless otherwise prescribed by law, a copy of any notice of default or notice of sale pursuant to the nonjudicial foreclosure of this Deed of Trust be mailed to Grantor at County General, Inc., 455 E. Ellis Road, Muskegon, Michigan 49443, Attention: Chief Financial Officer. ARTICLE IX Fixture Filing SECTION 9.01. Fixture Filing. A portion of the Trust Property is or is to become fixtures upon the Premises. To the extent permitted by applicable law, Grantor covenants and agrees that the filing of this Deed of Trust in the real estate records of the county in which the Trust Property is located shall also operate from the time of filing as a fixture filing with respect to all goods constituting part of the Trust Property which are or are to become fixtures related to the real estate described herein. For such purpose, the following information is set forth: (a) Name and Address of Debtor: COUNTRY GENERAL, INC. 455 E. Ellis Road Muskegon, Michigan 49443 NYDOCS03/596673.1 31 HALL COUNTY, NEBRASKA