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88100097
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Last modified
3/9/2007 5:40:57 PM
Creation date
3/9/2007 4:28:46 AM
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DEEDS
Inst Number
88100097
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<br />r: <br /> <br />88- 100097 <br /> <br />18. Assignment of Deposits. In the event construction <br />of improvements is contemplated by the loan evidenced by the <br />Note secured het~eby, as additional security thet~efore, <br />Trustor hereby transfers and assigns .to Beneficiary, all <br />right, title and interest to any and all monies deposited by <br />or on behalf of Trustor with any city, county, public Qody or <br />agency,sal"dtary district, .utility cc.mpay,y, aYld aYIY othet~ <br />body br agency, for the installation of or to secure the <br />i.l'lstallation of any utility by Trustor, pertaining to the <br />Trust Property. <br /> <br /> <br />19. Corporation or Partnership Existence. If Trustor <br />is a corporation, general partnership, or limited <br />partnership, it will do all things necessary to preserve its <br />corporate or partnership existence, as the case may be, and <br />all rights and privileges under the laws of the state of its <br />incorporation or organization. <br /> <br />?o. Forbearance by Beneficiary Not a Waiver. Any <br />forbearance by' Beneficiary in exercising any right or remedy <br />hereunder, or otherwise afforded by applicable law, shall not <br />be a waiver of or preclude the exercise of any such right or <br />remedy. The procurement of insurance or the payment of taxes <br />or the discharge of liens or charges by Beneficiary shall not <br />be a waiver of Beneficiary's right to accelerate the maturity <br />of the Indebtedness. <br /> <br />21. Remedies Cumulative. All remedies provided in this <br />Deed of Trust are distinct and cumulative to any other right <br />or remedy under this Deed of Trust or afforded by law or <br />equity, and may be exercised concurrently, independently or <br />successively. <br /> <br />22. Successors and Assigns Bound; Joint and Several <br />Liability; Captions. The covenants and agreements herein <br />contained shall bind, and their rights hereunder shall inure <br />to, the respective successors and assignees of Beneficiary, <br />Trustee, and Trustor. All covenants and agreements of <br />Trustor shall be Joint and several. The captions and <br />headings of the paragraphs of this Deed of Trust are for <br />convenience only and are not to be used to interpret or <br />define the provisions hereof. <br /> <br />23. Not ice. Except for any not ice reqltit~ed '-Inder <br />applicable law to be given in another manner, (a) any notice <br />to Trustor provided for in this Deed of Trust shall be given <br />by mailing such notice by certified mail, return receipt <br />requested addressed to Trustor at its mailing address set <br />forth above or at such other address as Trustor may designate <br />by notice to Beneficiary as provided herein, and (b) any <br />notice to Beneficiary or Trustee shall be given by certified <br />mail, return receipt requested, to Beneficiary's and <br />Trustee's mailing address stated herein or to such other <br /> <br />L <br /> <br />L <br /> <br />L <br /> <br /> <br />r- <br />I <br />I <br />i <br /> <br />~ <br /> <br />t <br /> <br />L. <br />
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