Laserfiche WebLink
7.15 Reconveyance: Upon written request of Beneficiary stating that all of the Secured <br />Obligations have been paid in full, and upon surrender of this Deed of Trust, and the Note, <br />Trustee shall reconvey, without warranty. the Property or so much of it as is then held under this <br />Deed of Trust. The recitals in any reconveyance executed under this Deed of Trust of any <br />matters ar facts shall be conclusive proof of the truthfulness thereof. Trustor shall pay all fees of <br />Trustee and all recordation fees related to such reconveyance. <br />7.16 Cure: Protection of Security. Either Beneficiary or Trustee may cure any breach <br />or default of Trustor, and if it chooses to do so in connection with any such cure, Beneficiary or <br />Trustee may also enter the Property and/or do any and all other things which it may in its sole <br />discretion consider necessary and appropriate to protect the security of this Deed of Trust. Such <br />other things may include: appearing in and/or defending any action or proceeding which purports <br />to affect the security of, or the rights or powers of Beneficiary or Trustee under, this Deed of <br />Trust; paying, purchasing, contesting or compromising any encumbrance, charge, lien or claim <br />of lien which in Beneficiary's or Trustee's sole judgment is or may be senior in priority to this <br />Deed of Trust, such judgment of Beneficiary or Trustee to be conclusive as among Beneficiary, <br />Trustee and Trustor; obtaining insurance and/or paying any premiums or charges for insurance <br />required to be carried hereunder; otherwise caring for and protecting any and all of the Property; <br />and/or employing counsel, accountants, contractors and other appropriate persons to assist <br />Beneficiary or Trustee. Beneficiary and Trustee may take any of the actions permitted under this <br />Section 7. ] 6 either with or without giving notice, except for notices required under applicable <br />law. Any amounts disbursed by Beneficiary pursuant to this paragraph shall become additional <br />indebtedness secured by this Deed of Trust. <br />7.]'7 Limited Partners Right to Cure. The Limited Partners shall have the right to cure <br />any default of Trustor hereunder upon the same terms and conditions afforded to Trustor. <br />Provided that Beneficiary has been given written notice of the address for delivery of notices to <br />the Limited Partners, Beneficiary shall provide any notice of default hereunder to the Limited <br />Partners concurrently with the provision of such notice to Trustor, and as to the Limited Partners, <br />the cure periods specified herein shall commence upon the date of delivery of such notice in <br />accordance with Section 10.2. <br />Default and Remedies. <br />8.1 Events of Default. Trustor acknowledges and agrees that an Event of Default <br />shall occur under this Deed of Trust upon the occurrence of any one or more of the following <br />events: <br />a. Beneficiary's declaration of an Event of Default under any Agency <br />Document, subject to the expiration of any applicable cure period set forth in such document; <br />b. Trustor fails to perform any monetary obligation which arises under this <br />Deed of Trust, and does not cure that failure within ten (10) days following written notice from <br />Beneficiary or Trustee; <br />c. if Trustor's interest in the Property or any part thereof is voluntarily or <br />involuntarily sold, transferred, leased, encumbered, or otherwise conveyed in violation of <br />803766-5 ~ 2 <br />