My WebLink
|
Help
|
About
|
Sign Out
Browse
200802163
LFImages
>
Deeds
>
Deeds By Year
>
2008
>
200802163
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/14/2008 5:01:55 PM
Creation date
3/14/2008 5:01:54 PM
Metadata
Fields
Template:
DEEDS
Inst Number
200802163
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
17
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 />200802163 <br /> <br />control of the Trust Estate to perform all acts necessary and appropriate to operate and maintain <br />the Trust Estate, including to execute, cancel or modify the Leases, make repairs to the Trust <br />Estate, execute or terminate contracts providing for the management or maintenance of the Trust <br />Estate, all on such terms as are deemed best to protect the security of this assignment. Lender or <br />the receiver shall have access to the books and records used in the operation and maintenance of <br />the Trust Estate and shall be liable to account only for those Rents actually received. Lender <br />shall not be liable to Trustor, anyone claiming under or through Trustor or anyone having an <br />interest in the Trust Estate by reason of anything done or left undone by Lender hereunder, <br />except to the extent of Lender's gross negligence or willful misconduct. Any entering upon and <br />taking possession and control of the Trust Estate by Lender or the receiver and any application of <br />Rents as provided herein shall not cure or waive any Default or invalidate any other right or <br />remedy of Lender. <br /> <br />4.3 Trustor's Affirmative Obligations. Trustor shall: (a) fulfill, perform and observe <br />in all respects each and every condition and covenant of Trustor contained in any Lease; (b) give <br />prompt notice to Lender of any claim or event of default under any Lease given to or by Trustor, <br />together with a complete copy or statement of any information submitted or referenced in <br />support of such claim or event of default; (c) at the sole cost and expense of Trustor, enforce the <br />performance and observance of each and every covenant and condition of any Lease to be <br />performed or observed by any other party thereto, unless such enforcement is waived in writing <br />by Lender; and (d) appear in and defend any action challenging the validity, enforceability or <br />priority of the lien created hereby or the validity or enforceability of any Lease. <br /> <br />4.4 Negative Covenants. Trustor shall not, without Lender's consent, in Lender's <br />sole and absolute discretion: (a) enter into any Lease; (b) modify or amend the terms of any <br />Lease; (c) grant any consents under any Lease, including any consent to an assignment of any <br />Lease, a mortgaging of the leasehold estate created by any Lease or a subletting by the tenant <br />under any Lease; (d) terminate, cancel, surrender, or accept the surrender of, any Lease, or waive <br />or release any person from the observance or performance of any obligation to be performed <br />under the terms of any Lease or liability on account of any warranty given thereunder; or <br />(e) assign, transfer, mortgage, pledge or hypothecate any Lease or any interest therein to any <br />party other than Lender. Any lease, modification, amendment, grant, termination, cancellation, <br />surrender, waiver or release in violation of the foregoing provision shall be null and void and of <br />no force and effect. <br /> <br />ARTICLE 5 <br />EVENTS OF DEFAULT AND REMEDIES <br /> <br />5.1 Events of Default. Each Event of Default, as defined in the Note, constitutes an <br />"Event of Default" under this Deed of Trust. <br /> <br />5.2 <br />option: <br /> <br />Remedies. Upon the occurrence of an Event of Default, Lender may, at its <br /> <br />(a) Acceleration. Declare all or any part of the Obligations immediately due <br />and payable without any presentment, demand, protest or notice of any kind. <br /> <br />4842-84] 9-5330.] <br /> <br />9 <br />
The URL can be used to link to this page
Your browser does not support the video tag.