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Inst 2017158661
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Inst 2017158661
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11/17/2017 11:44:21 AM
Creation date
11/17/2017 11:44:04 AM
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CM City Clerk-City Council
Document Date (6)
7/20/2017
Recorded Document Type
Performance Deed of Trust
Retention
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 provides,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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