84006396 - Laserfiche WebLink

Browse

r --, 84........006396 r such trustee or receiver shall not be discharged or such jurisdiction relinquished or vacated or stayed on appeal or otherwise stayed within 30 days: or (e) The Grantor or any guarantor of alloraIlY,par;: of the Obligation shall make an assignment for the benefitofer$;di-;- tors, or shall admit in writing its inability to pay It$<lei:>1;:~ ally as they be~ome due, or shall consent totheappoin~~ receiver or trustee or liquidator of all or a .substantial part property: or (f) If any representation or warranty co this Deed of Trust, the Letter Agreement or anyotherirl. securing the Note, or in any other certificate oranyo~F'i!" ment or statement furnished to American, proves. to~e~~.Rr: misleading in any material respect as of the timewhei1maCitt, " ing, but not limited to, any and all financial statements to Arner ican in connection with the loan evidenced by' theN01:e suant to any provision of the Letter Agree~n~ or this DeeOdf or (g) Default shal: be made in the payment o~ pal or interest on any obligation of Grantor for borrowed money any other institutional lender, as and when the same shall ~nn ~rlY::thLA_. h~r 1'~'re.c:?-_.....~t';'::"e :::''' ~:::""'l,:::"'-::.ti::~1I' - b.i. ..... '... tion, or othen~ise, and such dcfaulc shall continue of grace, if any, allowed with respect to the (h) If Grantor or any of it~ successors or assigns, shall either transier, assign, sell, convey, alienate, the Property, or any part of or interest in the without the prior written permission of American, or be title in any manner, whether voluntarily or involuntarily. 11. Upon the occurrence or continuance of any event default, American at its option shall have the following rights remedies which shall be cumulative and which may be exercised with or without notice, and which may be exercised separately, independently, ~- concurrently, and ~ore than once and in any o~der, and without any election of remedies to be deemed made, and without affecting the right of A.'l1erican to exercise any other remedy hereunder or which ;merican may have in law, and without regard to other r~es then, theretofore, or thereafter pursued or being pursued: (a) to declare any or all of the Obligation i~- ately due and payable~ (0) to take immediate possession, manag~ment, and control of the Property without having a receiver appointed therefor, and to re~air and maintain the same at the expense of Grantor, and to -7- u L ..J