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Inst 2017148477
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Inst 2017148477
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6/5/2019 7:28:22 AM
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8/8/2017 11:35:22 AM
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CM City Clerk-City Council
Document Date (6)
7/7/2017
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PERM
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and/or enforcing any judgment granted therein, all of which shall be deemed to have accrued upon <br />commencement of such action and shall be paid whether or not such action is prosecuted to <br />judgment. Any judgment or order entered in such action shall contain a specific provision providing <br />for the recovery of attorney fees and costs incurred in enforcing such judgment. For the purpose of <br />this Section, attorney fees shall include, without limitation, fees incurred in the following: (a) post- <br />judgment motions; (b) contempt proceedings; (c) garnishment, levy and debtor and third party <br />examinations; (d) discovery; and (e) bankruptcy litigation. <br />24. General Provisions. <br />(a) This Deed of Trust applies to, inures to the benefit of, and binds the respective <br />heirs, legatees, devisees, administrators, executors, successors and assigns of each of the parties <br />hereto. <br />(b) As used herein, the word "person" shall mean and include natural persons, <br />corporations, partnerships, unincorporated associations, joint ventures and any other form of legal <br />entity. <br />(c) As used herein, the word "Property" shall mean and include the Property and any <br />part thereof. <br />(d) As used herein and unless the context otherwise protides, the words "herein," <br />"hereunder," and "hereof" shall mean and include this Deed of Trust as a whole, rather than any <br />particular provision hereof. <br />(e) In exercising any right or remedy, or taking any action provided herein, Beneficiary <br />may act through its employees, agents or independent contractors, as authorized by Beneficiary. <br />(f) Wherever the context so requires herein, the masculine gender includes the <br />feminine and neutral, the singular number includes the plural, and vice versa. <br />(g) Captions and paragraph headings used herein are for convenience only, are not a <br />part of this Deed of Trust and shall not be used in construing it. <br />27. Rights of Institutional Mortgagees. For purposes of this section, an "institutional" <br />Mortgagee is a first Mortgagee that is: (i) a federally or state chartered or licensed bank or savings <br />and loan association; (ii) a mortgage company or other entity chartered or licensed under <br />Applicable Laws whose principal business is lending money on the security of real property or <br />investing in such loans; (iii) an insurance company; (iv) a federal or State agency or instrumentality <br />including, without limitation, the Federal National Mortgage Association and the Federal Home <br />Loan Mortgage Corporation; or (v) an insurer or governmental guarantor of a first Mortgage <br />including the Federal Housing Administration and the Veterans Administration. A "first Mortgage" <br />or "first Mortgagee" is one having a priority as to all other Mortgages encumbering the same <br />Condominium or other portions of the Development. <br />Notwithstanding any other provision hereof, the provisions of this Deed of Trust and <br />Resale Restrictions and Option to Purchase shall be subordinate to the lien of an Institutional <br />WLFA\53530\1235331.3 7 <br />Performance Deed of Trust <br />
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