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201003753
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Last modified
6/1/2010 4:20:24 PM
Creation date
6/1/2010 4:20:23 PM
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DEEDS
Inst Number
201003753
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201003753 <br />(e) All proceeds, both cash and non-cash, of any of the foregoing. <br />TO HAVE AND TO HOLD the Trust Estate hereby mortgaged and conveyed or so <br />intended, together with all estate, right, title and interest of Trustor and anyone claiming by, <br />through or under Trustor, in, to, under or derived from the Trust Estate and all rights and <br />appurtenances relating thereto, unto Lender, its successors and assigns forever, upon the terms, <br />provisions and conditions set forth in this Deed of .Trust, subject only to the Permitted <br />Exceptions. This Deed of Trust is being made pursuant to the terms and conditions of the <br />Promissory Note, of even date herewith, between Trustor, as Borrower, and Lender (as it as it <br />may be amended, amended. restated, supplemented, extended or renewed from time to time, the <br />"Note"). Capitalized terms used in this Deed of Trust and not otherwise defined in this Deed of <br />Trust have the meanings given to those terms in the Nate. <br />ARTICLE 1 <br />OBLIGATIONS <br />1.1 Obligations Secured. This Deed of Trust is given to secure payment and <br />performance of Trustor's obligations under the Note and the other Loan Dacuments <br />(collectively, the "Obligations"), including: <br />(a) Payment of the indebtedness in the original principal balance of up to <br />$325,000.00, with interest thereon, evidenced by the Note, together with all extensions, <br />renewals, amendments, and modiEcations thereof; and <br />(b) Payment of all other obligations of Trustor contained in or arising under <br />the Note and any other Loan Document, together with any other instrument given to <br />evidence or further secure the payment and performance of any of the obligations secured <br />hereby or thereby; <br />It is the intent of the parties that the Trust Estate shall secure all of the Obligations presently or <br />hereafter owed, and that the priority of the lien created by this Deed of Trust for all such <br />Obligations shall be as of the time of recording of this Deed of Trust. In addition, this Deed of <br />Trust shall also secure the unpaid balances of all future advances (i) made with respect to the <br />Trust Estate for the payment of taxes, assessments, insurance premiums, costs or any other <br />advances incurred for the protection of the Trust Estate or (ii) otherwise made by Lender as <br />contemplated by this Deed of Trust or any of the other Loan Documents, together with interest <br />thereon until paid at the Default Rate, all as contemplated in this Deed of Trust and the other <br />Loan Documents, all of which shall constitute a part of the Obligations. THIS SECTION <br />SHALL SERVE AS NOTICE TO ALL PERSONS WHO MAY SEEK OR OBTAIN A <br />LIEN ON THE TRUST ESTATE SUBSEQUENT TO THE DATE OF RECORDING OF <br />THIS DEED OF TRUST, THAT UNTIL THIS DEED OF TRUST IS RELEASED, ANY <br />DEBT OWED LENDER BY TRUSTOR, INCLUDING ADVANCES MADE <br />SUBSEQUENT TO THE RECORDING OF THIS DEED OF TRUST, SHALL BE <br />SECURED WITH THE PRIORITY AFFORDED THIS DEED OF TRUST AS <br />RECORDED. <br />1.2 Duration of Deed of Trust. This Deed of Trust and all of the terms, conditions, <br />and obligations contained in this Deed of Trust shall continue in full force and effect until such <br />4842-8419-5330.1 3 <br />
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