My WebLink
|
Help
|
About
|
Sign Out
Home
Inst 2011023352
CityHall
>
City Clerk
>
City Council
>
Recorded Documents
>
2010
>
Inst 2011023352
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/6/2015 10:17:38 AM
Creation date
3/10/2011 1:17:47 PM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
6/28/2010
Recorded Document Type
Deed of Trust
Assignment of Rents
Retention
PERM
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
23
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).
View images
View plain text
Trustor under any Lease, shall not be liable in any manner for the Property, or the use, <br /> occupancy, enjoyment or operation of any part of it and shall not be responsible for any <br /> waste committed by lessees or any third parties, or for dangerous or defective condition <br /> of the Property or any negligence in the management, repair or control of the Property. <br /> Absent Beneficiary's written consent, Trustor shall not accept prepayment of Rents for <br /> any rental period exceeding one month. <br /> 4. Security Agreement. The parties intend for this Deed of Trust to create a lien on <br /> the Property, and an absolute assignment of the Rents and Leases, all in favor of <br /> Beneficiary. The parties acknowledge that some of the Property may be determined <br /> under applicable law to be personal property or fixtures. To the extent that any Property <br /> may be or be determined to be personal property, Trustor as debtor hereby grants to <br /> Beneficiary as secured party a security interest in all such Property to secure payment <br /> and performance of the Secured Obligations. This Deed of Trust constitutes a security <br /> agreement under the California Uniform Commercial Code, as amended or recodified <br /> from time to time (the "UCC "), covering all such Property. To the extent such Property <br /> is not real property encumbered by the lien granted above, and is not absolutely <br /> assigned by the assignment set forth above, it is the intention of the parties that such <br /> Property shall constitute "proceeds, products, offspring, rents, or profits" (as defined in <br /> and for the purposes of Section 552(b) of the United States Bankruptcy Code, as such <br /> section may be modified or supplemented) of the Land and Improvements. <br /> 5. Financing Statements. Pursuant to the UCC, Trustor, as debtor, hereby <br /> authorizes Beneficiary, as secured party, to file such financing statements and <br /> amendments thereof and such continuation statements with respect thereto as <br /> Beneficiary may deem appropriate to perfect and preserve Beneficiary's security interest <br /> in the Property and Rents, without requiring any signature or further authorization by <br /> Trustor. If requested by Beneficiary, Trustor shall pay all fees and costs that Beneficiary <br /> may incur in filing such documents in public offices and in obtaining such record <br /> searches as Beneficiary may reasonably require. If any financing statement or other <br /> document is filed in the records normally pertaining to personal property, that filing shall <br /> not be construed as in any way derogating from or impairing this Deed of Trust or the <br /> rights or obligations of the parties under it. <br /> Everything used in connection with the Property and /or adapted for use therein and /or <br /> which is described or reflected in this Deed of Trust is, and at all times and for all <br /> purposes and in all proceedings both legal or equitable shall be regarded as part of the <br /> estate encumbered by this Deed of Trust irrespective of whether (i) any such item is <br /> physically attached to the Improvements, (ii) serial numbers are used for the better <br /> identification of certain equipment items capable of being thus identified in a recital <br /> contained herein or in any list filed with Beneficiary, or (iii) any such item is referred to or <br /> reflected in any such financing statement so filed at any time. Similarly, the mention in <br /> any such financing statement of (1) rights in or to the proceeds of any fire and /or hazard <br /> insurance policy, or (2) any award in eminent domain proceedings for a taking or for <br /> lessening of value, or (3) Trustor's interest as lessor in any present or future lease or <br /> rights to income growing out of the use and /or occupancy of the property conveyed <br /> hereby, whether pursuant to lease or otherwise, shall not be construed as in any way <br /> 1177360 -2 4 <br />
The URL can be used to link to this page
Your browser does not support the video tag.