Laserfiche WebLink
<br />200808987 <br /> <br />further notice. <br /> <br />9. Leased Premises. Within 10 days after demand, Trustor shall furnish to Trustee a <br />schedule certified to be true, setting forth all leases of space in the Trust Property then in effect, <br />including, in each case, the name of the tenants and occupants, a description of the space <br />occupied by such tenant and occupant, the rental payable for such space and such other <br />information and documents with respect to such leases and tenancies as the Trustee may request. <br /> <br />In the event Trustor is in default hereunder, without the prior written consent of Trustee, <br />Trustor shall not, directly or indirectly, with respect to any lease of space in the described <br />premises, whether such lease is now or hereafter in existence; (a) accept or permit any <br />prepayment, discount or advance rent payable thereunder; (b) cancel or terminate the same, or <br />accept any cancellation, termination or surrender thereof, or permit any event to occur which <br />would entitle the lessee thereunder to terminate or cancel the same; (c) amend or modify the <br />same so as to reduce the term thereof, the rental payable thereunder, or to change any renewal <br />provisions therein contained; (d) waive any default thereunder or breach thereof; (e) give any <br />consent, waiver or approval thereunder or take any other action in connection therewith, or with <br />a lessee thereunder, which would have the effect of impairing the value of lessor's interest <br />thereunder, on the Property subject thereto, or of impairing the position or interest of the Trustee <br />or Beneficiary; or (f) sell, assign, pledge, mortgage or otherwise dispose of, or encumber, its <br />interest in any such lease or any rents, issues or profits issuing or arising thereunder. <br /> <br />10. Condemnation. If title to any part of the Property shall be taken in condemnation <br />proceedings, by right of eminent domain or similar action, or shall be sold under threat of <br />condemnation, all awards, damages and proceeds are hereby assigned and shall be paid to <br />Beneficiary who shall apply such awards, damages and proceeds to the sums secured by the <br />Trust Deed, with the excess, if any, paid to the Trustor. Trustor will promptly, and with due <br />diligence, repair, alter and restore the remaining part ofthe Trust Property to its former condition <br />substantially to the extent that the same may be feasible and so as to constitute a complete and <br />usable unit. <br /> <br />11. Future Advances. Upon request of Trustor, Beneficiary, at Beneficiary's option, <br />prior to reconveyance of the Property to the Trustor, may make future advances to the Trustor. <br />Such future advances, with interest thereon, shall be secured by this Trust Deed when evidence <br />by promissory notes stating that said notes are secured hereby; provided that at no time shall the <br />secured principal, future advances, not including sums advanced to protect the security, exceed <br />one hundred percent (100%) ofthe original principal amounts secured hereby. <br /> <br />12. Forfeiture. <br /> <br />(a) Trustor represents and warrants to Beneficiary that neither Trustor nor any other <br />person has committed any act or omission, or has consented to any act or omission, with respect <br />to the Trust Property, which would afford the federal government or any state or local <br />government, the right or remedy of forfeiture of all or any part of the Trust Property, any other <br />collateral under the Loan Documents, or any property (including but not limited to money paid) <br />delivered to Beneficiary or any other party in performance of the obligations under the Loan <br /> <br />4 <br />