Laserfiche WebLink
<br />200901437 <br /> <br />WHEREAS, the obligations of the Lenders with respect to the above-referenced <br />letters of credit are fully reserved against and offset the commitment of the Lenders to provide <br />the above-referenced revolving credit loan; and <br /> <br />WHEREAS, Trustor wishes to provide further assurance and security to the Agent <br />and the Lenders and as a condition to the Agent and the Lenders executing the Credit <br />Agreement, the Agent and the Lenders are requiring that Trustor grant to the Agent, on behalf of <br />the Lenders, a security interest in and a first mortgage lien upon the Property (as hereinafter <br />defined), subject to the Permitted Encumbrances (as such term is defined in the Credit <br />Agreement), to secure all of Trustor's obligations under the Credit Agreement, this Deed of Trust <br />and the Loan Documents (as such term is defined in the Credit Agreement). All capitalized <br />terms used herein but not defined herein shall have the meanings ascribed to them in the Credit <br />Agreement. <br /> <br />II. <br />THE GRANT <br /> <br />NOW, THEREFORE, in order to secure the payment ofthe obligations of Trustor <br />under the Credit Agreement, this Deed of Trust and the other Loan Documents that may now or <br />hereafter become owing from Trustor to Beneficiary and the Lenders (the "Secured <br />Indebtedness"), and in consideration of Ten and Noll 00 Dollars ($10.00) in hand paid by <br />Beneficiary to Trustor, the Recitals above stated, and for other good and valuable consideration, <br />the receipt and sufficiency of which are hereby acknowledged, Trustor hereby irrevocably grants, <br />bargains, sells, releases, conveys, warrants, assigns, transfers, mortgages, deeds, pledges, <br />hypothecates, sets over and confirms unto Trustee, IN TRUST WITH POWER OF SALE AND <br />RIGHT OF ENTRY AND POSSESSION for the benefit and security of Beneficiary and its <br />successors and assigns (for the benefit of the Lenders) forever TO HAVE AND TO HOLD the <br />Property (as hereinafter defined) by virtue of Trustor's leasehold estate therein with all privileges <br />and appurtenances thereunto belonging to Trustee and Trustor does hereby bind itself, its <br />successors and assigns to WARRANT AND FOREVER DEFEND the title to the Property unto <br />Trustee and Beneficiary forever. <br /> <br />The "Property" shall mean and include Trustor's estate, right, claim and interest <br />in and to the Premises, together with all of Trustor's estate, right, claim and interest in and to the <br />following described property, all of which other property is pledged primarily on a parity with <br />the Premises and not secondarily: <br /> <br />(a) all buildings, structures and other improvements of every kind and <br />description now or hereafter erected, situated, or placed upon the Premises (the <br />"Improvements"), together with any and all personal property now or hereafter owned by <br />Trustor and located in or on, forming part of, attached to, used or intended to be used in <br />connection with, or incorporated in any such hnprovements, including all extensions of, <br />additions to, betterments, renewals of, substitutions for and replacements for any of the <br />foregoing; <br /> <br />(b) all claims, demands, rights, title and interest of Trustor now owned or <br />hereafter acquired, including without limitation, any after-acquired title, franchise, <br /> <br />- 2 - <br />