My WebLink
|
Help
|
About
|
Sign Out
Browse
200313157
LFImages
>
Deeds
>
Deeds By Year
>
2003
>
200313157
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/16/2011 7:22:48 AM
Creation date
10/28/2005 3:43:05 PM
Metadata
Fields
Template:
DEEDS
Inst Number
200313157
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
36
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
200313157 <br />SECTION 10.7 Building Use. <br />During the entire term of the Note and this Deed of Trust, Trustor agrees not to convert <br />the Premises to a condominium or cooperative of any kind or to any use other than as office and <br />warehouse buildings. In that connection, Trustor covenants that the sale of units and/or <br />recording of condominium or cooperative documents on the Premises or any part thereof shall <br />constitute an Event of Default. <br />SECTION 10.8 Amendment/Modification. <br />Amendment to, waiver of or modification of any provision of this Deed of Trust must be <br />made in writing. No oral waiver, amendment, or modification may be implied. <br />SECTION 10.9 Substitution of Trustee. <br />Beneficiary may remove Trustee at any time or from time to time, with or without cause, <br />and appoint a successor trustee, and upon such appointment, all powers, rights, duties and <br />authority of Trustee, as aforesaid, shall thereupon become vested in such successor. Such <br />substitute trustee shall be appointed by written instrument duly recorded in the county or <br />counties where the real property covered hereby is located, which appointment may be executed <br />by any authorized agent of Beneficiary or in any other manner permitted by applicable law. <br />SECTION 10.10 Future Advances. <br />Upon request of Trustor, Beneficiary, at Beneficiary's option, prior to full reconveyance <br />of the Premises by Trustee to Trustor, may make future advances to Trustor. Such future <br />advances, with interest thereon, shall be secured by this Deed of Trust. At no time shall the <br />principal amount of the Indebtedness secured by this Deed of Trust, not including sums <br />advanced to protect the security, exceed the total sum of $40,000,000.00. Advances of <br />disbursements made by Beneficiary to protect the security, under the terms hereof, while <br />discretionary, shall not be deemed to be optional advances. <br />SECTION 10.11 Representations of Trustor. <br />Trustor affirmatively represents and warrants that the written terms of the Loan <br />Documents, and each of them, accurately reflect the mutual understanding of Trustor and <br />Beneficiary, as to all matters addressed therein, and Trustor further represents and warrants that <br />there are no other agreements or understandings, written or oral, which exist between Trustor and <br />Beneficiary relating to the matters addressed in said documents. <br />SECTION 10.12 Beneficiary's Expense. <br />Should Beneficiary make any payments hereunder or under the Note or under any other <br />Loan Documents or incur any liability, loss or damage under or by reason of this Deed of Trust, <br />the Note or any other Loan Documents, or in the defense of any claims or demands, the amount <br />thereof, and all costs and expenses, including all filing, recording, and title fees and any other <br />expenses relating to the Indebtedness, including without limitation filing fees for UCC <br />continuation statements and any expense involving modification thereto, attorneys' fees, and any <br />15311/53;09/30/03 -28- <br />
The URL can be used to link to this page
Your browser does not support the video tag.