Laserfiche WebLink
�01106479 <br />6. WARRANTY OF TITLE. Trustor covenants that Trustor is lawfully seized of the estate <br />conveyed by this Deed of Trust and has the right to irrevocably grant, convey and sell to Trustee, <br />in trust, with power of sale, the Property and warrants that the Property is unencumbered, except <br />for encumbrances of record. <br />7. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, <br />lease payments, ground rents, utilities, and other charges relating to the Property when due. <br />Beneficiary may require Trustor to provide to Beneficiary copies of all notices that such amounts <br />are due and the receipts evidencing Trustor's payment. Trustor will defend title to the Property <br />against any claims that would impair the lien of this Deed of Trust, Trustor agrees to assign to <br />Beneficiary, as requested by Beneficiary, any rights, claims or defenses which Trustor may have <br />against parties who supply labor or materials to improve or maintain the Property. <br />8. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, <br />security agreement or other lien document that created a prior security interest or encumbrance <br />on the Property and that may have priority over this Deed of Trust, Trustor agrees: <br />A. To make a11 payments when due and to perform or comply with all covenants. <br />B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder. <br />C. Not to make or permit any modification or e�ension of, and not to request or accept any <br />future advances under any note or agreement secured by, the other mortgage, deed of trust or <br />security agreement unless Beneficiary consents in writing. <br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire <br />balance of the Secured Debt to be immediately due and payable upon the creation of any lien, <br />encumbrance, transfer, or sa1e, or contract for any of these on the Property. However, if the <br />Properiy includes Trustor's residence, this section sha11 be subject to the restrictions imposed by <br />federallaw (12 C.F.R. 591), as applicable. For the purposes of this section, the term "Property" <br />also includes any interest to all or any part of the Property. This covenant shall run with the <br />Property and shall remain in effect until the Secured Debt is paid in full and this Deed of Trust is <br />released. <br />10. TRANSFER OF AN INTEREST IN T�-iE GRANTOR. If Trustor is an entity other than a <br />natural person (such as a corporation or other organization), Beneficiary may demand immediate <br />payment if (i) a beneficial interest in Trustor is sold or transferred; (2) there is a change in either <br />the identity or number of inembers of a parnzership; or (3) there is a change in ownership of more <br />than 25 percent of the voting stock of a corporation. However, Beneficiary may not demand <br />payment in the above situations if it is prohibited by law as of the date of this Deed of Trust. <br />11. ENTITY WA�RRANTIES AND REPRESENTATIONS. If Trustor is an entity other than <br />a natural person (such as a corporation or other organization), Trustor makes to Beneficiary the <br />following warranties and representations which shall be continuing as long as the Secured Debt <br />remains outstanding: <br />Page 3 of 12 <br />