200313158 - Laserfiche WebLink

Browse

200313158 extent permitted by this Deed of Trust, the Hall County Deeds of Trust, the Douglas County Deed of Trust, the Adams County Deed of Trust or the Indiana Mortgage until all of the Indebtedness has been paid and discharged in full. Neither Trustor, Other Borrowers nor any person claiming under Trustor or Other Borrowers shall have or enjoy any right to marshaling of assets, all such rights being hereby expressly waived as to Trustor and all persons claiming under Trustor and/or Other Borrowers, including junior lienors. Any foreclosure or other appropriate remedy brought under this Deed of Trust, the Hall County Deeds of Trust, the Douglas County Deed of Trust, the Adams County Deed of Trust and/or the Indiana Mortgage may be brought and prosecuted without regard to the fact that the foreclosure proceeding or other appropriate remedies have or have not been instituted with respect to the Note or any document securing such note. It is the intent of the parties hereto that the conveyance of the Premises or the Premises described in the Hall County Deeds of Trust, the Douglas County Deed of Trust, the Adams County Deed of Trust or the Indiana Mortgage either separately or jointly to the Beneficiary by foreclosure or deed -in -lieu thereof shall not constitute a merger of the fee of any of the above Premises with the mortgages or the deed of trust unless the conveyance document shall so specify. Trustor has caused this Deed of Trust to be executed as of the date first above written. CHIEF INDUSTRIES, INC., a D M are c do By: Robert G. Eihusen Its: President STATE OF MINNESOTA ) ss. COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this 364- day of September, 2003, by Robert G. Eihusen, the President of Chief Industries, Inc., a Delaware corporation, on behalf of the corporation. Notary Public WENDY B. ETHEN NOTARY PUBLIC - MINNESOTA My Commission Expires 1 -31 -2005 15311/53;09/30/03 -32-