|
�
<br /> � � �~; �.MI' �i�
<br /> ♦•
<br /> .� I . �
<br /> �' 1
<br /> � •
<br /> g3- 1o�oss
<br /> �ixtur� vill b� s�plaaad, add�d tio, instail�d or �ubstitut�dt ,
<br /> (iii) a statamont o! tho nata� a�u! addr�ss
<br /> „° o! th� holdsr aad th� aaount s�aur�d by th� s�aurity iat�r�sti t
<br /> aiW
<br /> 4
<br /> (iv� th� dat� o! th� puscha�� o! such
<br /> Fixtur�.
<br /> N�ith�r thi4 subs�ction (n) nor any aonaQnt by
<br /> Hon�liciary pursuant to ttsia aubsaation (a) �hail constituta
<br /> an agr�om�nt to aubordinato any right o! Benoticiary in
<br /> Fixtur�s or othar property aovorad by this Deed o! Tru�t.
<br /> (b) in tha event Trustor shall fail, bayond any
<br /> applicebla m�tico and gxnce periods, to make any paymont or
<br /> � (! porlor� any covenant relat�d to any aaaurity interoat in lavor
<br /> ` ;. ;� ,�:-•, }� o! any P�rson othar than Benetiaiary, Benaliaiary may, at ita
<br /> � �• '%r�:�.;�=�� �=-��.�� ' option, within live (5) daya after notias to Truetor or if
<br /> �' ' � , �� ., Hon4ticiary•s inmec�iate aatiot� is rea�onably neaeasary to
<br /> � proteat th� Lien hereo! or its �oaurity tor the inc9ebtadneas
<br /> � �� under the Finanainq Doauments, at any time without prior
<br /> • notice to Trustor, pay the amour�t s�aurnd by suah security
<br /> , inter�st, and the a�mount so paid shai� be (i) seaured by this
<br /> ' Desd of Trust and shall bQ a Lien on the Praperty enjcying the
<br /> �' '� aama prioritiea vis-�-vis the estates and intereats enaumbQred
<br /> � -� � heraby a� this Deed o! Truat, (ff) added to the aa�ount ot thw
<br /> � indebtednes� under th� Financittg Documents, and (iii) payabie
<br /> �� an domand with intaregt at the Pcst-Delauit Ratot a�r�d i�
<br /> - - TrusEor eTra�ill ��ifi �6 �aka a�u�c�� �ia�.n� io� ten izaf �ays
<br /> . � �. atter demat�d, tha entire ewo aecured hereby shall, at the
<br /> �'�.�� option ot 8eneliaiary, beaome due nnd payable immediately,
<br /> �• anythinq contained in this Deed of Trust or the othor
<br /> Finaaaing Documents to the aontrary notwithstandingt or
<br /> � Heneficiary shall have the privilege o! aaquirfng by
<br /> ' assignment lrom the holder of such seourity interest any and
<br /> �, , �� all aontraat rights, accounts receivable, ahattel paper, ._•
<br /> ' � .� � neqotiabla or non-neqotiable instruments and other evidenae ot .�,
<br /> ;�j1 . �� Trustor's indebtedness secured by suvh Fixturea, and, upon
<br /> � aaquiring such interest by aesignment, shall have the right to
<br /> ��.f enforae the seaurity interest as assignee thereof, in
<br /> � acaordance with the terms and provisions o! the Calilornia
<br /> �, . . Unitorm Commercial Code (or to the extent that the law of
<br /> �, .� ; anoth�r State applies to this Deed of Trust, pursuant to any
<br /> ��',•�: . appliaable oomparable provisions of the onitorm commercial
<br /> �°�'�"� �`• Coda as i» effeat in euch State) , as amended or supplemented, � .-
<br /> ' and in acaordance with other law. ,� �'
<br /> :� +
<br /> . . � '::
<br /> ' (c) Whether or not Heneficiary has paid or taken �
<br /> an assignment of such seourity interest, 3f at any time
<br /> � • . Trustor shnll be in default for a period of ten (lo) days ��
<br /> � � under the eecu�ity agreement aoverinq the Fixtures, such
<br /> � ' �' default shall be a material breaah of Truetor's aovenanta
<br /> ,.., ,. i
<br /> � � � � �o
<br /> � ;� � �, �
<br /> -.�-. ..,..
<br /> �t- .
<br /> .:�:"� . ;:,:;,.
<br /> ..,, . ,�,:�
<br /> ;.,.:.
<br /> �� ,.. ..
<br /> . . , --------- -- - ,rti. ;., ,
<br /> ,x , ,
<br /> 't .L�. . '9 . . . . .
<br /> :�.1;,; � -.-.'�..:_ .. . . . . . .
<br /> .♦ ,�! � .. .. . .
<br /> ' �
<br /> , �,�
<br /> � ,
<br /> � .. • ��.
<br /> �
<br /> ' .
<br /> �' � .. .. � ' �A .� .
<br /> i
<br /> i
<br /> • 4 �
<br />
|