202304031 - Laserfiche WebLink

Browse

202304031 (f) Any warranty, representation, or statement made or furnished to Lender by Borrower or Trustor, or on Borrower's or Trustor's behalf, under this Deed of Trust or the Loan Instruments is false or misleading in any material respect, either now or at the time made or furnished, or becomes false or misleading at any time thereafter; (g) This Deed of Trust or any of the Loan Instruments ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason; (h) There shall be filed by or against Trustor or Borrower an action under any present or future federal, state, or other statute, law, or regulation relating to bankruptcy, insolvency, or other relief for debtors; or there shall be appointed any trustee, receiver, or liquidator of Trustor or Borrower of all or any part of the Property, rents, issues, or profits thereof; or Trustor or Borrower shall make any general assignment for the benefit of creditors; (i) The death of Borrower or Trustor; (j) Any breach by Borrower or Trustor under the terms of any other agreement between Borrower or Trustor and Lender that is not remedied within any grace period provided therein, including without limitation any agreement concerning any indebtedness or other obligation of Borrower or Trustor to Lender, whether existing now or later; (k) Any of the preceding events occurs with respect to any guarantor, endorser, surety, or accommodation party of any of the indebtedness; or any guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of or liability under any Guaranty of the Indebtedness; (1) The sale, transfer, assignment, conveyance, or further encumbrance of all or any part of or any interest in the Property, either voluntarily or involuntarily, without the express written consent of Lender or as otherwise permitted herein; (m) Abandonment of the Property; (n) A material adverse change occurs in Borrower's or Trustor's financial condition, or Lender believes the prospect of payment or performance of the indebtedness is impaired; or (o) Lender in good faith believes itself insecure. 12. Remedies; Acceleration Upon Default. Upon occurrence of any Event of Default, Lender may, without notice except as required by law, declare all indebtedness secured hereby to Page 5 of 9