My WebLink
|
Help
|
About
|
Sign Out
Browse
200603561
LFImages
>
Deeds
>
Deeds By Year
>
2006
>
200603561
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/4/2012 11:09:33 AM
Creation date
4/21/2006 3:45:08 PM
Metadata
Fields
Template:
DEEDS
Inst Number
200603561
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
28
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
200603561 <br />(a) Beneficiary may substitute, for any reason whatsoever, a successor Trustee or <br />successor Trustees for the Trustee hereunder from time to time by an instrument in writing in any <br />manner now or hereafter provided by law. Such right of substitution may be exercised at any <br />time and more than once for so long as any part of the Obligations remains unpaid. Such <br />writing, upon recordation, shall be conclusive proof of proper substitution of each such successor <br />Trustee or Trustees, who shall thereupon and without conveyance from the predecessor Trustee, <br />succeed to all its title, estate, rights, powers and duties hereunder. The making of oath and <br />giving bond by Trustee or any successor Trustee is hereby expressly waived by Grantor. The <br />Trustee may sell and convey said property under the power set out herein, to any person, firm or <br />corporation, although said Trustee has been, may now be or may hereafter be attorney for or <br />agent of Beneficiary. <br />(b) At any time or from time to time, without liability therefor, and without notice, <br />upon the written request of Beneficiary and presentation of this Deed of Trust for endorsement, <br />without affecting the liability of any person for the payment of the Obligations secured hereby, <br />and without affecting the lien created by the Deed of Trust upon the Trust Property for the full <br />amount of all amounts secured hereby, upon Beneficiary's request Trustee may (i) release all or <br />any part of the Trust Property, (ii) consent to the making of any map or plat thereof, (iii) join in <br />granting any easement thereon or in creating any covenants or conditions restricting use or <br />occupancy thereof, or (iv) join in any extension agreement or in any agreement subordinating the <br />lien or charge hereof. <br />(c) If more than one Trustee is appointed hereunder, either Trustee may act in the <br />execution of this Trust; the authority and power of any Trustee so acting shall be as full and <br />complete as if the powers and authority granted to Trustees herein jointly had been granted to <br />such Trustee alone; and either Trustee may act by agent or attorney. It is not necessary for either <br />Trustee to be personally present at any foreclosure sale. <br />15. Assignment of Rents. Grantor hereby assigns to Trustee, for the benefit of the <br />Beneficiary, the Rents as further security for the payment and performance of the Obligations, <br />and Grantor grants to Trustee and Beneficiary the right to enter the Trust Property for the <br />purpose of collecting the same and to let the Trust Property or any part thereof, and to apply the <br />Rents on account of the Obligations. The foregoing assignment and grant is present and absolute <br />and shall continue in effect until the Obligations are paid and performed in full, but Beneficiary <br />and Trustee hereby waive the right to enter the Trust Property for the purpose of collecting the <br />Rents and Grantor shall be entitled to collect, receive, use and retain the Rents until the <br />occurrence of and during the continuance of an Event of Default; such right of Grantor to collect, <br />receive, use and retain the Rents may be revoked by Beneficiary upon the occurrence of and <br />during the continuance of any Event of Default under this Deed of Trust by giving not less than <br />five days' written notice of such revocation to Grantor; in the event such notice is given, Grantor <br />shall pay over to Beneficiary, or to any receiver appointed to collect the Rents, any lease security <br />deposits, and shall pay monthly in advance to Beneficiary, or to any such receiver, the fair and <br />reasonable rental value as determined by Beneficiary for the use and occupancy of the Trust <br />Property or of such part thereof as may be in the possession of Grantor or any affiliate of <br />Grantor, and upon default in any such payment Grantor and any such affiliate will vacate and <br />surrender the possession of the Trust Property to Beneficiary or to such receiver, and in default <br />thereof may be evicted by summary proceedings or otherwise. <br />
The URL can be used to link to this page
Your browser does not support the video tag.