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200210067
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Last modified
10/15/2011 6:01:47 AM
Creation date
10/22/2005 9:45:40 PM
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DEEDS
Inst Number
200210067
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200210067 <br />words "Property" shall include any portion of the Property or interest therein. Whenever <br />the context may require any pronouns used herein shall include the corresponding <br />masculine, feminine or neuter forms, and the singular form of nouns and pronouns shall <br />include the plural and vice versa. The captions in this Deed of Trust are for convenience <br />of reference only and in no way limit or amplify the provisions hereof. <br />26. Enforceabilitv: Usury. In no event shall any provision of this Deed of <br />Trust or any Collateral Document ever obligate Grantor to pay or allow Beneficiary to <br />collect interest on the Secured Obligations or any other indebtedness secured hereby at a <br />rate greater than the maximum non - usurious rate permitted by applicable law (herein <br />referred to as the "Highest Lawful Rate "), or obligate Grantor to pay any taxes, <br />assessments, charges, insurance premiums or other amounts to the extent that such <br />payments, when added to the interest payable on the Secured Obligations or any other <br />indebtedness secured hereby, would be held to constitute the payment by Grantor of <br />interest at a rate greater than the Highest Lawful Rate; and this provision shall control <br />over any provision to the contrary. <br />Without limiting the generality of the foregoing, in the event the maturity of all or <br />any part of the principal amount of the Secured Obligations shall be accelerated for any <br />reason, then such principal amount so accelerated shall be credited with any interest <br />theretofore paid thereon in advance and remaining unearned at the time of such <br />acceleration. If, pursuant to the terms of this instrument, the Credit Agreement or any <br />Collateral Document any funds are applied to the payment of any part of the principal <br />amount of the Secured Obligations prior to the maturity thereof, then (a) any interest <br />which would otherwise thereafter accrue on the principal amount so paid by such <br />application shall be canceled, and (b) the Secured Obligations remaining unpaid after <br />such application shall be credited with the amount of all interest, if any, theretofore <br />collected on the principal amount so paid by such application and remaining unearned at <br />the date of said application; and if the funds so applied shall be sufficient to pay in full all <br />the Secured Obligations, then Beneficiary shall refund to Grantor all interest theretofore <br />paid thereon in advance and remaining unearned at the time of such acceleration. <br />Regardless of any other provision in this instrument, or in any of the written evidences of <br />the Secured Obligations, Grantor shall never be required to pay any unearned interest on <br />the Secured Obligations or any portion thereof, and shall never be required to pay interest <br />thereon at a rate in excess of the Highest Lawful Rate construed by courts having <br />competent jurisdiction thereof. <br />27. Business or Commercial Purmose. Grantor warrants that the extension <br />of credit evidenced by the Secured Obligations secured hereby is solely for business or <br />commercial purposes other than agricultural purposes. <br />28. FINAL AGREEMENT. THIS WRITTEN DEED OF TRUST <br />REPRESENTS THE FINAL AGREEMENT WITH RESPECT TO THE MATTERS <br />CONTAINED HEREIN BETWEEN THE PARTIES AND MAY NOT BE <br />CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR <br />SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. <br />W29117815M9T92#W-L U5899 .0079 22 <br />
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