My WebLink
|
Help
|
About
|
Sign Out
Home
Inst 2014298536
CityHall
>
City Clerk
>
City Council
>
Recorded Documents
>
2014
>
Inst 2014298536
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/6/2015 10:08:55 AM
Creation date
2/6/2015 10:07:17 AM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
12/1/2014
Recorded Document Type
Deed of Trust
Assignment of Rents
Retention
PERM
Document Relationships
Inst 2014298535
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2014
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
26
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
all claims for labor performed and materials furnished therefor. Trustor shall use the Land and <br /> the Improvements solely for purposes authorized by the Loan Documents, shall not commit or <br /> allow waste of the Property, and shall not commit or allow any act upon or use of the Property <br /> which would violate any applicable law or order of any governmental authority, nor shall Trustor <br /> bring on or keep any-article on the Property or cause or allow any condition to exist thereon <br /> which could invalidate or which would be prohibited by any insurance coverage required to be <br /> maintained on the Property pursuant to the Loan Documents. <br /> 7.6. Restrictions on Conveyance and Encumbrance; Acceleration. It shall be an Event <br /> of Developer Default hereunder if the Property or the Improvements, or any part thereof or <br /> interest therein is sold, assigned, conveyed, transferred, hypothecated, leased, licensed, or <br /> encumbered in violation of the Loan Documents or if any other Transfer(as defined in the OPA) <br /> occurs in violation of the Loan Documents. If any such Transfer shall occur in violation of such <br /> requirements, without limiting the provisions of Section 8 hereof, all obligations secured by this <br /> Deed of Trust, irrespective of the maturity dates of such obligations, shall at the option of <br /> Beneficiary, and without demand, immediately become due and payable, subject to any <br /> applicable cure period. <br /> 7.7. Inspections; Books and Records. Beneficiary and its agents and representatives <br /> shall have the right at any reasonable time upon reasonable notice to enter upon the Land and <br /> inspect the Property to ensure compliance with the Loan Documents;provided however, that <br /> Trustor shall have the right to accompany Beneficiary during any such inspection. Trustor shall <br /> maintain complete and accurate books of account and other records (including copies of <br /> supporting bills and invoices) adequate to document the use of the Loan Proceeds and the <br /> operation of the Property, together with copies of all written contracts, Leases and other <br /> instruments which affect the Property. The books,records, contracts,Leases and other <br /> instruments shall be subject to examination and inspection by Beneficiary at any reasonable time <br /> following two business days prior notice. <br /> 7.8. Charges, Liens, Taxes and Assessments. Trustor shall pay before delinquency all <br /> taxes, levies, assessments and other charges affecting the Property that are (or if not paid may <br /> become) a lien on all or part of the Property. Trustor may, at Trustor's expense, contest the <br /> validity or application of any tax, levy, assessment or charge affecting the Property by <br /> appropriate legal proceedings promptly initiated and conducted in good faith and with due <br /> diligence,provided that (i) Beneficiary is reasonably satisfied that neither the Property nor any <br /> part thereof or interest therein will be in danger of being sold, forfeited, or lost as a result of such <br /> contest, and (ii)Trustor shall have posted a bond or furnished other security as may reasonably <br /> be required from time to time by Beneficiary; and provided further that Trustor shall timely <br /> make any payment necessary to prevent a lien foreclosure, sale, forfeiture or loss of the Property. <br /> 7.9. Subrogation. Beneficiary shall be subrogated to the liens of all encumbrances, <br /> whether released of record or not, which are discharged in whole or in part by Beneficiary in <br /> accordance with this Deed of Trust. <br /> 7.10. Hazard, Liability and Workers' Compensation Insurance. At all times during the <br /> term hereof, at Trustor's expense, Trustor shall keep the Improvements and personal property <br /> now existing or hereafter located on the Property insured against loss by fire, vandalism and <br /> 144\221\1596079.2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.