Laserfiche WebLink
200313159 <br />SECTION 4.3 Representations And Agreements. <br />Trustor represents and agrees: (a) Trustor is and will be the true and lawful owner of the <br />Collateral, subject to no liens, Charges, security interest and encumbrances other than the lien <br />hereof and the Permitted Encumbrances; (b) the Collateral is to be used by Trustor solely for <br />business purposes being installed upon the Premises for Trustor's own use or as the equipment <br />and furnishings leased or furnished by Trustor, as landlord, to tenants of the Premises; (c) the <br />Collateral will not be removed from the Premises without the consent of Beneficiary except in <br />accordance with Section 4.4 hereof; (d) unless stated otherwise in this Deed of Trust the only <br />persons having any interest in the Collateral are Trustor and Beneficiary and no financing <br />statement covering any such property and any proceeds thereof is on file in any public office <br />except pursuant hereto; (e) the remedies of Beneficiary hereunder are cumulative and separate, <br />and the exercise of any one or more of the remedies provided for herein or under the Code shall <br />not be construed as a waiver of any of the other rights of Beneficiary including having such <br />Collateral deemed part of the realty upon any Foreclosure thereof; (f) if notice to any party of the <br />intended disposition of the Collateral is required by law in a particular instance, such notice shall <br />be deemed commercially reasonable if given at least ten (10) days prior to such intended <br />disposition and may be given by advertisement in a newspaper accepted for legal publications <br />either separately or as part of a notice given to foreclose the real property or may be given by <br />private notice if such parties are known to Beneficiary; (g) Trustor will from time to time provide <br />Beneficiary on request with itemizations of all such Collateral on the Premises; (h) the filing of a' <br />financing statement pursuant to the Code shall never impair the stated intention of this Deed of <br />Trust that all Improvements, Fixtures, Equipment and Personal Property described in Granting <br />Clause B hereof are, and at all times and for all purposes and in all proceedings both legal or <br />equitable shall be regarded as part of the real property mortgaged hereunder irrespective of <br />whether such item is physically attached to the real property or any such item is referred to or <br />reflected in a financing statement; (i) Trustor will on demand deliver all financing statements <br />and/or continuations that may from time to time be required by Beneficiary to establish and <br />perfect the priority of Beneficiary's security interest in such Collateral and all costs, including <br />recording fees, shall be paid by Trustor; 0) the Trustor shall give at least thirty (30) days written <br />notice of any proposed change in Trustor's name, identity, state of registration for a registered <br />organization, principal place of business, or structure and authorizes Beneficiary to file prior to <br />or concurrently with such change all additional financing statements that the Beneficiary may <br />require to establish and perfect the priority of the Beneficiary's security interest in the Collateral; <br />and (k) by signing this Deed of Trust, Trustor authorizes Beneficiary to file such financing <br />statements, either before, on or after the date hereof, as Beneficiary determines necessary or <br />desirable to perfect the lien of Beneficiary's security interest in the Collateral. Trustor further <br />authorizes Beneficiary to file such amendments or continuation statements as Beneficiary <br />determines necessary or desirable from time to time to perfect or continue the lien of <br />Beneficiary's security interest in the Collateral. <br />SECTION 4.4 Maintenance of Property. <br />Subject to the provisions of this Section, in any instance where Trustor in its discretion <br />determines that any item subject to a security interest under this Deed of Trust has become <br />inadequate, obsolete, worn out, unsuitable, undesirable or unnecessary for the operation of the <br />Premises, Trustor may, at its expense, remove and dispose of it and substitute and install other <br />15311/53;09/30/03 - 13- <br />