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201106479
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201106479
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Last modified
8/31/2011 9:30:17 AM
Creation date
8/31/2011 9:30:17 AM
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DEEDS
Inst Number
201106479
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�01106479 <br />A. Trustor is an entity which is duly organized and validly existing in the Trustor's state of <br />incorporation (or organization). Trustor is in good standing in a11 sta.tes in which Trustor transacts <br />business. Trustor has the power and authority to own the Property and to carry on its business as <br />now being conducted and, as applicable, is qualified to do so in each state in which Trustor <br />operates. <br />B. The execution, delivery and performance of this Deed of Trust by Trustor and the <br />obligation evidenced by the Evidence of Debt are within the power of Trustor, have been duly <br />authorized, have received all necessary governmental approval, and will not violate any provision <br />of law, or order of court or governmenta.l agency. <br />C. Other than disclosed in writing Trustor has not changed its name within the last ten years <br />and has not used any other trade or fictitious name. Without Beneficiary's prior written consent, <br />Trustor does not and will not use any other name and will preserve its e�usting name, trade names <br />and franchises until the Secured Debt is satisfied. <br />12. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the <br />Property in good condition and make all repairs that are reasonably necessary, Trustor will give <br />Beneficiary prompt notice of any loss or damage to the Property. Trustor will keep the Property <br />free of noxious weeds and grasses. Trustor will not initiate, join in or consent to any change in <br />any private restrictive covenant, zoning, ordinance or other public or private restriction limiting <br />or defining the uses which may be made of the Property or any part of the Property, without <br />Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands, proceedings, <br />claims, and actions against Trustor or any other owner made under law or regulation regarding <br />use, ownership and occupancy of the Property. Trustor will comply with all legal requirements <br />and restrictions, whether public or private, with respect to the use of the Property. Trustor also <br />agrees that the nature of the occupancy and use will not change without Beneficiary's prior <br />written consent. <br />No portion of the Property will be removed, demolished or materially altered without <br />Beneficiary's prior written consent except that Trustor has the right to remove items of personal <br />property comprising a part of the Property that become worn or obsolete, provided that such <br />personal property is replaced with other personal property at least equal in value to the replaced <br />personal property, free from any title retention device, security agreement or other encumbrance. <br />Such replacement of personal property will be deemed subject to the security interest created by <br />this Deed of Trust. Trustor shall not partition or subdivide the Property without Beneficiary's <br />prior written consent. Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the <br />Property at any reasonable time for the purpose of inspecting the Property. Any inspection of the <br />Property shall be entirely for Beneficiary's benefit and Trustor will in no way rely on <br />� Beneficiary's inspection. <br />13. AUTHORITY TO PERFORM. If Trustor fails to perform any of Trustor's duties under <br />this Deed of Trust, or any other mortgage, deed of trust, security agreement or other lien <br />document that has priority over this Deed of Trust, Beneficiary may, without notice, perform the <br />duties or cause them to be performed. Trustor appoints Beneficiary as attorney in fact to sign <br />Page 4 of 12 <br />
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