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201007636
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Last modified
10/18/2010 2:47:30 PM
Creation date
10/18/2010 2:47:28 PM
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DEEDS
Inst Number
201007636
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��ioo7s3s <br />be effective as a�nancing statement filed as a fixture filing and when filed shall serve as a <br />financing statement for all intents and purposes thereunder. Fvr purposes of this frling, Grantor <br />is the record owner of the Property. The name and mailing address of Grantor, as debtor, and the <br />name and mailing address af the Autharity, as secured party, frorn which information concerning <br />this Financing Statement may be obtained, are set forth in the Preamble of this Security <br />Instrument. The Grantor shall immediately advise the Authority in writing oFany change in the <br />state of Grantor's organization, or Grantor's exact legal name, or the places where the Personal <br />Property, or any part thereof, or the books and records �oncerning the Personal Property, or any <br />part thereof, are kept. <br />If any of the Property is deemed to be Personal Property, this Security Instrument shall <br />also constitute a security agreement with respect to such Personal Property executed by Grantar <br />as debtor in favvr of the Authority as secured party. Upon the occurrence of an Event of Default, <br />the Authority may, in additian to and not in derogation af any other rights and remedies of the <br />Authority under the Section 1602 Subaward Agreement dated as of even date herewith (the <br />"1602 Agreement"), or any of the other docurnents evidencing or securing the ] 602 Agreement <br />(collectively, the "1602 Documents") each executed even date herewith or applicable law, in <br />accordance with Section 9-604 of the Uniform Commercial Code, as applicable, or other such <br />provisions of the Uniform Commercial Code, elect (a) ta proceed under and have all the rights <br />and remedies of a secured party under Article 9 of the Uniform Comrnercial Code and any other <br />applicable law, or (b) to proceed as to both the Land, Improvements and Personal Property in <br />accordance with the Authority's rights and remedies under this Security Instrument, whereupon <br />at any foreclasure sale conducted pursuant to this Security Instrument Trustee acting hereunder <br />rnay offer the real and Personal Froperty together as part of the same sale, with bids to be taken <br />an the whole of the Land, Improvements and Personal Property rather than separately. <br />TO HAVE AND TO HOLD the above-described Frernises, with all rights, privileges, and <br />appurtenances thereto belonging, nr in any vvay appertaining, unta said Trustee, forever, and <br />possessian of the Premises and property is now delivered untn the Trustee, in trusC, however, for <br />the fallowing purposes: <br />THIS RECAPTURE DEED OF TRUST SHALL SECURE THE FOLLOWING <br />OBLIGATIONS AND THE PERFORMANCE OF THE GRANTOR UNDER THE 1602 <br />AGREEMENT (collectively, the "Obligations"): <br />(a) Payment of the amounts owed by Grantor to the Authority under the 1602 <br />Agreement with respect ta the subaward in the sum of $1,496,825 (the "Subaward") together <br />with all extensions, renewals, amendments and modifications thereof; and <br />(b) Payment of all other obligations and other sums, with interest thereon, which may <br />be owed under, and performance of all other obligations and covenants contained in, the 1602 <br />Documents together with any other instrument given to evidence or further secure the paymettt <br />and performance of any obligation secured hereby ar thereby; and <br />Recapture Deed of Trust and Security Agreement <br />4848-2546-7143.3 <br />
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