My WebLink
|
Help
|
About
|
Sign Out
Browse
200600597
LFImages
>
Deeds
>
Deeds By Year
>
2006
>
200600597
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/23/2006 1:04:49 PM
Creation date
1/23/2006 1:04:47 PM
Metadata
Fields
Template:
DEEDS
Inst Number
200600597
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
27
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
<br />200600597 <br /> <br />(iii) Any sale of any personal property hereunder shall be <br />conducted in any manner permitted by Section 9-601 or any other applicable section of <br />the Uniform Commercial Code or any other applicable law. Where the Premises consists <br />of real and personal property or fixtures, whether or not such personal property is located <br />on or within the real property, Beneficiary may elect in its discretion to exercise its rights <br />and remedies against any or all of the real property, personal property, and fixtures in <br />such order and manner as is now or hereafter permitted by applicable law. <br /> <br />(iv) Without limiting the generality of the foregoing, <br />Beneficiary may, in its sole and absolute discretion and without regard to the adequacy of <br />its security, elect to proceed against any or all of the real property, personal property and <br />fixtures in any manner permitted under Section 9-604 of the Uniform Commercial Code <br />or any other applicable law; and the power of sale herein granted shall be exercisable <br />with respect to all or any of the real property, personal property and fixtures covered <br />hereby, as designated by Beneficiary, and the Trustee is hereby authorized and <br />empowered to conduct any such sale of any real property, personal property and fixtures <br />in accordance with the procedures applicable to real property. <br /> <br />(v) Should Beneficiary elect to sell any portion of the Premises <br />which is real property or which is personal property or fixtures that Beneficiary has <br />elected under Section 9-604 of the Uniform Commercial Code to sell together with real <br />property in accordance with the laws governing a sale of real property, Beneficiary or <br />Trustee shall give such notice of default and election to sell as may then be required by <br />law. Thereafter, upon the expiration of such time and the giving of such notice of sale as <br />may then be required by law, and without the necessity of any demand on Grantor, <br />Trustee, at the time and place specified in the notice of sale, shall sell said real property <br />or part thereof at public auction to the highest bidder for cash in lawful money of the <br />United States. Trustee may, and upon request of Beneficiary shall, from time to time, <br />postpone any sale hereunder by public announcement thereof at the time and place <br />noticed therefor, and Grantor agrees and acknowledges that Beneficiary may elect in its <br />sole and absolute discretion to direct such postponement(s) for such periods of time as <br />Mortgagee may find necessary or desirable. <br /> <br />(vi) In any notice of foreclosure sale, advertisement of sale, or <br />other post-default public statement of Trustee or Beneficiary in connection with the <br />judicial or nonjudicial foreclosure of all or any part of the Premises, Grantor agrees that <br />Trustee and Beneficiary shall have the right, but not the obligation, to disclose any report <br />or information known to them regarding defects in the Premises, that Trustee and <br />Beneficiary cannot control or otherwise assure the truthfulness or the accuracy of such <br />reports or information, and that the disclosure of such reports or information to <br />prospective bidders at any foreclosure sale of the Premises may have a material adverse <br />effect upon the amount which a party may bid at such sale. Grantor agrees that <br />Beneficiary and Trustee shall have no liability whatsoever as a result of disclosing any or <br />all of such reports or information to any third party, and Grantor hereby waives, releases <br />and forever discharges Beneficiary and Trustee from any and all claims, damages, or <br />causes of action, arising out of, connected with or incidental to the disclosure, use or <br />delivery of any such report or information. <br /> <br />-15- <br />
The URL can be used to link to this page
Your browser does not support the video tag.