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Inst 2018004642
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Inst 2018004642
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Last modified
3/9/2018 4:37:49 PM
Creation date
3/9/2018 4:28:39 PM
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CM City Clerk-City Council
Document Date (6)
1/8/2018
Recorded Document Type
Deed of Trust
Assignment of Rents
Retention
PERM
Document Relationships
Agmt 2017 Dan and Gina Dillman Loan Agreement
(Reference)
Path:
\City Clerk\City Council\Agreements\2017
Reso 2017-150
(Reference)
Path:
\City Clerk\City Council\Resolutions\2017
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a. pay or satisfy any judgment or decree that may be entered against any Indemnitee <br /> or Indemnitees in any legal or administrative proceeding incident to any matters against which <br /> Indemnitees are entitled to be indemnified under this Deed of Trust; <br /> b. reimburse Indemnitees for any expenses paid or incurred in connection with any <br /> matters against which Indemnitees are entitled to be indemnified under this Deed of Trust; and <br /> C. reimburse Indemnitees for any and all expenses, including without limitation out- <br /> of-pocket expenses and fees of attorneys and expert witnesses,paid or incurred in connection <br /> with the enforcement by Indemnitees of their rights under this Deed of Trust, or in monitoring <br /> and participating in any legal or administrative proceeding. <br /> Trustor's obligation to indemnify the Indemnitees shall not be limited or impaired by any <br /> of the following, or by any failure of Trustor to receive notice of or consideration for any of the <br /> following: (i) any amendment or modification of any Loan Document; (ii)any extensions of <br /> time for performance required by any Loan Document; (iii) any provision in any of the Loan <br /> Documents limiting Beneficiary's recourse to property securing the Secured Obligations, or <br /> limiting the personal liability of Trustor, or any other party for payment of all or any part of the <br /> Secured Obligations; (iv)the accuracy or inaccuracy of any representation and warranty made by <br /> Trustor under this Deed of Trust or by Trustor or any other party under any Loan Document, (v) <br /> the release of Trustor or any other person, by Beneficiary or by operation of law, from <br /> performance of any obligation under any Loan Document; (vi)the release or substitution in <br /> whole or in part of any security for the Secured Obligations; and(vii) Beneficiary's failure to <br /> properly 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 obligations <br /> and liabilities that Trustor may have under applicable law, and each Indemnitee shall be entitled <br /> to indemnification under this Section without regard to whether Beneficiary or that Indemnitee <br /> has exercised any rights against the Property or any other security,pursued any rights against any <br /> guarantor or other party, or pursued any other rights available under the Loan Documents or <br /> applicable law. The obligations of Trustor to indemnify the Indemnitees under this Section shall <br /> survive any repayment or discharge of the Secured Obligations, any foreclosure proceeding, any <br /> foreclosure sale, any delivery of any deed in lieu of foreclosure, and any release of record of the <br /> lien 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 environmental <br /> provision (as defined in Section 736(f)(2)of the California Code of Civil Procedure)made by <br /> Trustor relating to real property security(the "Environmental Provisions"), and that Trustor's <br /> failure to comply with any of the Environmental Provisions will be a breach of contract that will <br /> entitle Beneficiary to pursue the remedies provided by Section 736 of the California Code of <br /> Civil Procedure("Section 736") for the recovery of damages and for the enforcement of the <br /> Environmental Provisions. Pursuant to Section 736, Beneficiary's action for recovery of <br /> damages or enforcement of the Environmental Provisions shall not constitute an action within <br /> the meaning of Section 726(a) of the California Code of Civil Procedure or constitute a money <br /> judgment for a deficiency or a deficiency judgment within the meaning of Sections 580a, 580b, <br /> 580d, or 726(b) of the California Code of Civil Procedure. <br /> 30 <br />
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