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Inst 2011092526
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Inst 2011092526
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Last modified
4/22/2011 4:50:04 PM
Creation date
4/22/2011 4:50:01 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
2/7/2011
Recorded Document Type
Deed of Trust
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PERM
Document Relationships
RDA Agmt 2011 Las Palmas Development Partners
(Reference)
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\City Clerk\City Council\Agreements\2011
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inaccuracy of any representation and warranty made by Trustor under this Deed of <br /> Trust or by Trustor or any other party under any Loan Document, (v) the release of <br /> Trustor or any other person, by Beneficiary or by operation of law, from performance of <br /> any obligation under any Loan Document; (vi) the release or substitution in whole or in <br /> part of any security for the Secured Obligations; and (vii) Beneficiary's failure to properly <br /> perfect any lien or security interest given as security for the Secured Obligations. <br /> The provisions of this Section 7.11 shall be in addition to any and all other <br /> obligations and liabilities that Trustor may have under applicable law, and each <br /> Indemnitee shall be entitled to indemnification under this Section without regard to <br /> whether Beneficiary or that Indemnitee has exercised any rights against the Property or <br /> any other security, pursued any rights against any guarantor or other party, or pursued <br /> any other rights available under the Loan Documents or applicable law. The obligations <br /> of Trustor to indemnify the Indemnitees under this Section shall survive any repayment <br /> or discharge of the Secured Obligations, any foreclosure proceeding, any foreclosure <br /> sale, any delivery of any deed in lieu of foreclosure, and any release of record of the lien <br /> of this Deed of Trust. <br /> Without limiting any of the remedies provided in this Deed of Trust, Trustor <br /> acknowledges and agrees that each of the provisions in this Section 7.11 is an <br /> environmental provision (as defined in Section 736(f)(2) of the California Code of Civil <br /> Procedure) made by Trustor relating to real property security (the "Environmental <br /> Provisions "), and that Trustor's failure to comply with any of the Environmental <br /> Provisions will be a breach of contract that will entitle Beneficiary to pursue the <br /> remedies provided by Section 736 of the California Code of Civil Procedure ( "Section <br /> 736 ") for the recovery of damages and for the enforcement of the Environmental <br /> Provisions. Pursuant to Section 736, Beneficiary's action for recovery of damages or <br /> enforcement of the Environmental Provisions shall not constitute an action within the <br /> meaning of Section 726(a) of the California Code of Civil Procedure or constitute a <br /> money judgment for a deficiency or a deficiency judgment within the meaning of <br /> Sections 580a, 580b, 580d, or 726(b) of the California Code of Civil Procedure. <br /> "Hazardous Materials" means any substance, material or waste which is or <br /> becomes regulated by any federal, state or local governmental authority, and includes <br /> without limitation (i) petroleum or oil or gas or any direct or indirect product or by- <br /> product thereof; (ii) asbestos and any material containing asbestos; (iii) any substance, <br /> material or waste regulated by or listed (directly or by reference) as a "hazardous <br /> substance ", "hazardous material ", "hazardous waste ", "toxic waste ", "toxic pollutant ", <br /> "toxic substance ", "solid waste" or "pollutant or contaminant" in or pursuant to, or <br /> similarly identified as hazardous to human health or the environment in or pursuant to, <br /> the Toxic Substances Control Act [15 U.S.C. Section 2601, et seq.]; the Comprehensive <br /> Environmental Response, Compensation and Liability Act [42 U.S.C. Section 9601, et <br /> seq.], the Hazardous Materials Transportation Authorization Act [49 U.S.C. Section <br /> 5101, et seq.], the Resource Conservation and Recovery Act [42 U.S.C. Section 6901, <br /> et seq.], the Federal Water Pollution Control Act [33 U.S.C. Section 1251], the Clean Air <br /> Act [42 U.S.C. Section 7401, et seq.], the California Underground Storage of Hazardous <br /> Substances Act [California Health and Safety Code Section 25280, et seq.], the <br /> 1582131.3 11 <br />
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