My WebLink
|
Help
|
About
|
Sign Out
Browse
86106927
LFImages
>
Deeds
>
Deeds By Year
>
1986
>
86106927
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/18/2011 9:46:29 PM
Creation date
3/31/2008 3:39:01 PM
Metadata
Fields
Template:
DEEDS
Inst Number
86106927
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
25
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
forthwith pay upon demand <br />legal fees, title charges, <br />the loan documents and all <br />any application seeking <br />change. <br />Consent by Beneficiary under this Section 1.11 to one such <br />transaction or occurrence specified in this Section 1.11 shall not <br />be deemed to be a waiver of the right to require such consent to <br />any subsequent transaction or occurrence. <br />Trustor shall not voluntarily, involuntarily or by <br />operation of law sell, assign, transfer or otherwise dispose of <br />the Collateral or any interest therein (except in connection with <br />a change in title to the Premises approved herein or approved in <br />writing by Beneficiary) and shall not otherwise do or permit <br />anything to be done or occur that may impair the Collateral as <br />security hereunder except so long as this Deed of Trust is not in <br />default, Trustor shall be permitted to sell or otherwise dispose <br />of the Collateral when absolutely worn out, inadequate, <br />unserviceable or unnecessary for use in the operation of the real <br />estate described in Exhibit "A" in the conduct of the business of <br />Trustor, upon replacing the same or substituting for the same <br />other Collateral at least equal in value to the initial value of <br />that disposed of and in such a manner so that said Collateral <br />shall be subject to the security interest created hereby and so <br />that the security interest created hereby and so that the security <br />interest of the Beneficiary hereunder shall be maintained in said <br />Collateral. In the event the Collateral is sold in connection <br />with the sale of the real estate described in Exhibit "'AN, Trustor <br />shall require, as a condition to any required approval of such a <br />sale, that the buyer specifically agree to assume Trustor's <br />obligations as to the security interest herein granted and to <br />execute whatever agreements and filings are deemed necessary by <br />Beneficiary to maintain its perfected security interest in the <br />Collateral. <br />1.12 Advances. If Trustor shall fail to perform any of <br />the covenants herein contained or contained in any instrument <br />constituting additional security for the Indebtedness, or any <br />other indebtedness hereby secured, the Beneficiary may, but <br />without obligation to do so, make advances to perform same in its <br />behalf, and all sums so advanced shall be secured by this Deed of <br />Trust. The Trustor shall repay on demand all sums so advanced in <br />its behalf with interest at the rate provided in the Credit <br />Agreement. Nothing herein contained shall prevent any such <br />failure to perform on the part of Trustor from constituting an <br />"Event of Default" as defined below. <br />86-•• 1.06927 <br />of Beneficiary all of Beneficiary's <br />and expenses incurred by it in amending <br />fees charged by Beneficiary to process <br />Beneficiary's consent to a proposed <br />-11- <br />
The URL can be used to link to this page
Your browser does not support the video tag.