My WebLink
|
Help
|
About
|
Sign Out
Browse
201104914
LFImages
>
Deeds
>
Deeds By Year
>
2011
>
201104914
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/14/2011 12:26:12 PM
Creation date
7/1/2011 3:23:12 PM
Metadata
Fields
Template:
DEEDS
Inst Number
201104914
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
26
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
�0��04914 <br />Section 7.3 Actions by Trustee. At any time, or from time to time, without liability therefor and <br />without notice, upon writtei� request of Beneficiary and presentation of this Deed of Trust and the Notes for <br />endorsement, and without affecting the personal liability of any person for payment of the Obligations or the effect <br />of this Deed of Trust upon the remainder of the Mortgaged Property, Trustee may take such actions as Beneficiary <br />may request and which are permitted by this Deed of Trust or by applicable law. <br />Section 7.4 Substitution of Trustee. Beneficiary has the power and shall be entitled, at any time and <br />from time to time, in its sole discretion and without cause, to remove Trustee or any successor trustee and to <br />substitute and appoint another trustee or trustees (either corporate or individual) in the place and stead of Trustee or <br />any successor trustee, by written instrument duly executed and recorded in the Office of the county recorder of the <br />county or counties where the Mortgaged Property is situated, which instrument shall be conclusive proof of the <br />proper substitution and appointment of such successor trustee or trustees, who shall have all the rights, title, estate, <br />powers, duties and privileges of the predecessor trustee, without the necessity of any conveyance from such <br />predecessor. <br />Section 7.5 VO�aiver of Jury Trial. TO THE FULLEST EXTENT PERMIT"TED BY LAW, <br />BORROWER AND LENDER HEREBY WAIVE THEIR RESPECTIVE RIGHT TO TRIAL BY NRY IN ANY <br />ACTION, PROCEEDING AND/OR HEARINr ON ANY MATTER WHATSOEVER ARISING OLTT OF, OR IN <br />ANY WAY CONNECTED WITH, THE NOTE, THIS DEED OF TRUST OR ANY OF THE LOAN <br />DOCUMENTS, OR THE ENFORCEMENT OF ANY REMEDY UNDER ANY LAW, S�'ATUTE, OR <br />REGULATION. NEITHrR PARTY WILL SEEK TU CONSOLIDATE ANY SUCH AC'TION IN WHICH A <br />NRY HAS BEEN WAIVED, WITH ANY OTI-IER ACTION IN WHICH A NRY '�RIAL CANNOT OR HAS <br />NOT BEEN WAIVED. EACH PARTY HAS RECEIVED THE ADVICE OF COUNSEL WI'�H RESPECT TO <br />THIS WAIVER. <br />Section 7.6 �ntercreditor Agreement. The terms of this Deed of Trust, any lien and security interest <br />granted to the Beneficiary pursuant to this Deed of Trust and the exercise of any right or remedy by the Beneficiary <br />hereunder are subject to the provisions of the Intercreditor Agreement. In the event of any inconsistency between <br />the provisions of this Deed of Trust and the Intercreditor Agreement, the provisions of the Intercreditor Agreement <br />shall supersede the provisions of this Deed of Trust. <br />Section 7.7 Priority. The lien created by this Deed of Trust on the Mortgaged Property is junior and <br />subordinate to the lien on such Mortgaged Property created by,any mortgage, deed of trust or similar instrument now <br />or hereafter granted to the Term Loan Lender (as defined in the Intercreditor Agreement), and its successors and <br />assigns in such Mortgaged Property in accordance with the provisions of the Intercreditor Agreement. <br />[NO FURTHER TEXT ON PAGE] <br />20 <br />
The URL can be used to link to this page
Your browser does not support the video tag.