Laserfiche WebLink
200408871 <br />33. MISREPRESENTATION OR NONDISCLOSURE. Borrower has made certain written <br />representations and disclosures in order to induce Lender to make the loan evidenced by the Note which this <br />Instrument secures and, in the event that Borrower has made any material misrepresentations or failed to disclose <br />any material fact, Lender, at its option and without prior notice, shall have the right to declare the indebtedness <br />secured by this Instrument, irrespective of the maturity date specified in the Note, immediately due and payable. <br />The Trustee, upon presentation to it of an affidavit signed by Lender setting forth facts showing a default by <br />Borrower under this paragraph (if such affidavit is required by applicable law), is authorized to accept as true and <br />conclusive all facts and statements therein, and to act thereon hereunder. <br />34. WAIVER OF MARSHALLING. Notwithstanding the existence of any other security interests <br />in the Property held by Lender, Lender shall have the right to determine the order in which any or all of the Property <br />shall be subjected to the remedies provided herein. Lender shall have the right to determine the order in which any <br />or all portions of the indebtedness secured hereby are satisfied from the proceeds realized upon the exercise of the <br />remedies provided herein. Borrower, any party who consents to this Instrument and any party who now or hereafter <br />acquires a security interest in the Property and who has actual or constructive notice hereof, hereby waives any and <br />all right to require the marshalling of assets in connection with the exercise of any of the remedies permitted by <br />applicable law or provided herein. <br />35. REQUEST FOR NOTICES. Borrower requests that copies of any notice of default and notice <br />of sale hereunder be sent to Borrower at Borrower's address stated above. <br />36. GENERAL PROVISIONS. <br />a. This Instrument applies to, inures to the benefit of, and binds all parties hereto, their <br />heirs, legatees, devisees, administrators, executors, successors, and assigns. <br />b. The term "Lender" shall mean the owner and holder (including a pledgee) of the Note <br />secured hereby, whether or not named as Lender herein. <br />C. Wherever the context so requires, the masculine gender includes the feminine and neuter, <br />and the singular number includes the plural, and vice versa. <br />d. Captions and paragraphs headings used herein are for convenience only, are not part of <br />this Instrument, and shall not be used in construing it. <br />37. ADJUSTABLE RATE PROVISIONS. The Note contains provisions which permit: (a) <br />increases and decreases to the rate of interest provided in the Note; and (b) increases and decreases to the payment <br />of principal and interest. Reference is made to the Note for a complete description of the adjustable rate terms of the <br />indebtedness secured by this Instrument. <br />38. FUTURE ADVANCES. Upon request of Borrower, Lender, at Lender's option, so long as this <br />Instrument secures indebtedness held by Lender, may make Future Advances to Borrower. Such Future Advances, <br />with interest thereon, shall be secured by this Instrument when evidenced by promissory notes stating that such <br />notes are secured hereby. <br />39. CORRECTION OF DEFECTS. Borrower, upon request of Lender, shall promptly correct any <br />defect, error or omission that may be discovered by Lender in the content of this Instrument or in the execution or <br />acknowledgment hereof. In addition, Borrower shall do such further acts as may be deemed necessary by Lender or <br />that Lender may reasonably request to carry out more effectively the purposes of this Instrument, to subject any <br />property intended to be encumbered hereby to the lien and security interest hereof, and to perfect and maintain the <br />first lien and security interest hereof. <br />40. INVALID PROVISIONS. Should any term, provision, covenant or condition of this Instrument <br />be held to be void or invalid, the same shall not affect any other term, provision, covenant or condition of this <br />Instrument, but the remainder hereof shall be effective as though such term, provision, covenant or condition had not <br />been contained herein. In addition, should this Instrument be or become ineffective as a deed of trust, then these <br />156698 -1 -17- <br />