200313159 - Laserfiche WebLink

Browse

200313159 ARTICLE 8. EVENTS OF DEFAULT AND REMEDIES ............................................................ .............................20 SECTION8.1 Events Of Default ............................................................................................... .............................20 SECTION 8.2 Beneficiary's Right To Accelerate ..................................................................... .............................21 SECTION8.3 Remedies ............................................................................................................ .............................21 SECTION8.4 Receiver ............................................................................................................. .............................22 SECTION 8.5 Rights Under Uniform Commercial Code .......................................................... .............................22 SECTION 8.6 The Beneficiary's Right Of Possession Under An Event Of Default ................. .............................22 SECTION 8.7 Application Of Income Received By The Beneficiary ....................................... .............................23 SECTION 8.8 Right to Discontinue Proceedings ...................................................................... .............................24 SECTION8.9 Waivers .............................................................................................................. .............................24 ARTICLE 9. HAZARDOUS MATERIALS .................................................................................. .............................24 SECTION9.1 Definitions .......................................................................................................... .............................24 SECTION 9.2 Representations by Trustor ................................................................................. .............................25 SECTION 9.3 Covenants of Trustor .......................................................................................... .............................25 SECTION 9.4 Events of Default and Remedies ........................................................................ .............................25 SECTION9.5 Indemnification .................................................................................................. .............................26 ARTICLE 10. MISCELLANEOUS ............................................................................................... .............................26 SECTION 10.1 Release of Deed of Trust .................................................................................. .............................26 SECTION10.2 Choice of Law .................................................................................................. .............................2G SECTION 10.3 Successors and Assigns .................................................................................... .............................27 SECTION 10.4 Partial Invalidity ............................................................................................... .............................27 SECTION 10.5 Captions and Headings ...................................................................................... ............................27. SECTION10.6 Notices ............................................................................................................. .............................27 . SECTION10.7 Building Use ..................................................................................................... .............................27 SECTION 10.8 Amendment / Modification ................................................................................ .............................28 SECTION 10.9 Substitution of Trustee ..................................................................................... .............................28 SECTION 10.10 Future Advances ............................................................................................. .............................28 SECTION 10.11 Representations of Trustor ............................................................................. .............................28 SECTION 10.12 Beneficiary's Expense .................................................................................... .............................28 SECTION 10.13 Beneficiary's Right to Counsel ...................................................................... .............................29 SECTION 10.14 Other Representations and Warranties ........................................................... .............................29 SECTION 10.15 Limitation of Interest ...................................................................................... .............................29 SECTION 10.16 Time of the Essence ....................................................................................... .............................30 SECTION 10.17 Survival of Representations Warranties and Covenants ................................. .............................30 SECTION10.18 Waiver of Jury Trial ....................................................................................... .............................30 SECTION 10.19 Minimum Requirement .................................................................................. .............................30 SECTION10.20 Cross Default .................................................................................................. .............................31 15311/53;09/30/03 - ii -