Laserfiche WebLink
i <br />` -- OO1699 <br />7. Grantor will deliver immediately to American a true <br />copy of any process; pleadings, or papers, however designated, <br />related to any action or proceeding instituted to evict Grantor, or <br />to recover possession of the Property, or to affect in any way this <br />Deed of Trust, the Obligation, or title to the Property. Should <br />American be made party to any action affecting this Deed of Trust, <br />the Obligation or the title to the Property, Grantor agrees that <br />American may, at its option, defend such action, and in the event <br />American elects to defend, all court costs and expenses thereof, <br />including without limitation reasonable attorneys' fees, surveys, and <br />costs of evidence of title to the Property, shall become a part of <br />the Obligation secured by this Deed of Trust. <br />8. This Deed of Trust shall cover all property affixed to <br />or located upon the real property described in Exhibit A to this Deed <br />of Trust which, to the fullest extent permitted by. law, shall be <br />deemed fixtures and a part of the real property, and shall cover all <br />articles of personal property owned by Grantor which are delivered to <br />the Property for incorporation or use in any construction being con- <br />ducted on the Property. To the extent any property covered by this <br />Deed of Trust consists of rights in action or personal property cov- <br />ered by the Uniform Commercial Code, this Deed of Trust shall consti- <br />tute a security agreement and financing statement, and this Deed of <br />Trust is intended when recorded to create a perfected security inter- <br />est in such property in favor of American. This Deed of Trust shall <br />be self - operative with respect to such property, but Grantor agrees <br />to execute and deliver on demand such Security Agreements, Financing <br />Statements, and /or other instruments as American may request in order <br />to impose the lien of this Deed of Trust more specifically upon any <br />of such property, and Grantor agrees to pay all recording and /or <br />filing fees associated with imposing such lien. If the lien of this <br />Deed of Trust on any property shall be subject to a prior security <br />agreement covering such property, then in the event of any default <br />under this Deed of Trust, all of the right, title, and interest of <br />Grantor in and to any and all deposits on such Property is assigned <br />to American, together with the benefit of any payments now or hereaf- <br />ter made on such property. For the purposes of treating this Deed of <br />Trust as a security agreement and /or financing statement, American <br />shall be deemed to be the secured party and Grantor shall be deemed <br />to be the debtor. <br />9. Grantor authorizes American, at American's option, as <br />attorney in fact for Grantor, to appear in and prosecute with <br />Grantor, or failing Grantor's separate appearance and active prosecu- <br />tion, to undertake, in Grantor's name, any action or proceeding <br />relating to any condemnation or other taking of the Property ana to <br />settle or compromise any claim in connection with such condemnation <br />or other taking. The proceeds of any award or claim tor damage, <br />direct or consequential, in connection with any condemnation or other <br />taking of the Property, or part of the Property, or for conveyances <br />-5- <br />a <br />0 <br />f <br />