Laserfiche WebLink
occurrence of a default, and the right to proceed with a <br />1 sale under any notice of default, and election to sell, <br />shall in no way be impaired, whether any of such amounts are <br />received prior or subsequent to such notice. Consent by <br />Beneficiary to any transaction or action of Trustor which is <br />subject to consent or approval of Beneficiary hereunder <br />shall not be deemed a waiver of the right to require such <br />consent or approval to future or successive transactions or <br />actions. <br />22. RECUN47EYANCE BY TRUSTEE. Upon written request of <br />Beneficiary stating that all sums secured hereby have been <br />paid, and upon surrender of this Deed of Trust and the Note <br />to Trustee for cancellation and retention and upon payment <br />by Trustor of Trustee's fees, Trustee shall reconvey to <br />Trustor, or the person or persons legally entitled thereto, <br />without warranty, any portion of the Trust Estate then held <br />hereunder. The recitals in such rec(,nveyance of any matters <br />or facts shall be conclusive proof of the truthfulness <br />therecf. The grantee in any econveyance may be described <br />as "the person or person legally entitled thereto." <br />23. LIMITATION to the contrary herein , LIABILITY. n r eveNotwithstanding t efaul tan anything <br />payment of this Note by Trustor, or any default under the Deed <br />of Trust, Beneficiary's sole recourse shall be against the <br />Property described in the Deed of Trust, and Beneficiary <br />shall not be entitled to recover any deficiency judgment <br />against Trustor or any of its General Partners or any <br />limited partners with a hereinafter acquired interest in the <br />property if the foreclosure or recovery of such property is <br />not sufficient to pay the amount owed by Trustor. <br />Notwithstanding the foregoing limitation of liability for <br />principal and interest on said Note, Trustor shall be fully <br />liable for the following matters: (a) for fraud or <br />misrepresetaation made in or in connection with the Note or <br />any instrument governing, securing or pertaining to the <br />Payment hereof-; ;b) for failure to pay taxes, assessments, <br />charges for labor or materials or any other charges which <br />can create liens on any portion of the property; (c) for the <br />misapplication of (i) the proceeds of insurance covering any <br />portion of tcit pfaperty, or (i_ii Yr<<Lttes of the sale or <br />condemnation of any portion of the property, or (iii) <br />rentals received by or on behalf of Trustor subsequent to <br />the date on which Beneficiary gives written notice of the <br />Posting of foreclosure notices; (d) for the return to Payee <br />Of all unearned advance rentals and security deposits paid <br />by tenants of the property and not refunded to or forfei.tea <br />by such tenants; and (e) for the return: of, or reimbursement <br />for all personalty taken from the property by or on behalf <br />of Trustor. <br />24. NOTICES. Whenever Beneficiary, Trustor or Trustee <br />shall desire to gve or serve any notice, demand, request or <br />Other communication with respect to this <br />Deed of Trust, each <br />such notice, demand, request or other communication shall be <br />in writing and shall be effective only if the same <br />delivered by personal service or mailed by certified mail, <br />Postage prepaid, addressed to the address set forth at the <br />beginning of this Deed of Trust. Any party may at any tizae <br />change its address for such notices by deliverin6 or enailint, <br />to the other parties to this n;;trument, a notice of sucli <br />change. <br />25. ACCEPTANCE, BY TRUSTEE. <br />to }% @rf 02"tii Uil ez 1.,G ruJt w "1 L'Tl <br />executed and ac•ki1c,wledg.,d, i� <br />provided by law. <br />!I Lib C.N_e aC LePL.:- Cana <br />'Ali.s Deed Of "'.ust, <br />