My WebLink
|
Help
|
About
|
Sign Out
Home
Deed of Trust MTLG LLC
CityHall
>
City Clerk
>
City Council
>
Recorded Documents
>
2019
>
Deed of Trust MTLG LLC
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/22/2020 10:09:10 AM
Creation date
9/22/2020 9:41:01 AM
Metadata
Fields
Template:
CM City Clerk-City Council
Document Date (6)
4/10/2019
Recorded Document Type
Assignment of Rents
Deed of Trust
Retention
PERM
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
27
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
security of, or the rights or powers of the Beneficiary or the Trustee under this Deed of <br />Trust; paying, purchasing, contesting, or compromising any encumbrance, charge, lien, <br />or claim of lien which in the Beneficiary's or the Trustee's sole judgment is or may be <br />senior in priority to this Deed of Trust, such judgment of the Beneficiary or the Trustee · <br />to be conclusive as among the Beneficiary, the Trustee, and the Trustor; obtaining <br />insurance and/or paying any premiums or charges for insurance required to be carried <br />hereunder;. otherwise caring for and protecting any and all of the Property; and/or <br />employing counsel, accountants, contractors, and other appropriate persons to assist <br />the Beneficiary or the Trustee: The Beneficiary and the Trustee may take any of the <br />actions permitted under this Subsection 6.2(d) either with or without giving notice to ~ny <br />person, except for notices required under applicable law. Any amqunts disbursed by <br />the Beneficiary pursuant to this paragraph shall become additional· indebtedness <br />secured by this D~ed of Trust. <br />(e) UCC Remedies. The Beneficiary may exercise any or all of the <br />remedies granted to a secured party under the UCC. <br />(f) Judicial Action. The Beneficiary may bring an action in any court of <br />competent jurisdiction to foreclose this Deed of Trust in the manner provided by law for . <br />foreclosure of mortgages on real property and/or to obtain specific enforcement of any <br />of the covenants or agreements of this Deed of Trust. <br />(g) Power of Sale. Under the power of sale hereby granted, the <br />Beneficiary shall have the discretionary right to cause some or all of the Property, <br />including ahy Property which constitutes personal property, to be sold or otherwise <br />disposed of in any combination and in any manner permitted by applicable law. <br />6.3 Power of Sale. If the Beneficiary elects to invoke the power of sale hereby <br />granted, the Benefieiary shall execute or cause the Trustee to execute a written notice <br />of such default and of its election to cause ·the Property to be sold to satisfy the <br />obligations hereof, and shall cause such notice to be recorded in the office of the <br />Recorder of each County wherein the Property or some part thereof is situated. <br />Prior_ to publication of the notice of sale, the Beneficiary shall deliver to the <br />Trustee this Deed of Trust and the Note or other evidence of indebtedness which is <br />secured hereby, together with a written request for the Trustee to proceed with a sale of <br />the Property, pursuant to the provisions of law and this Deed of Trust. · <br />Notice of sale having been given as then required by law, and not less than the <br />time then required by law having elapsed after recordation of such notice of default, the <br />Trustee, without demand on the Truster, shall sell the Property at the time and place <br />· fixed by it in the notice of sale, either as a whole or in separate parcels and in such <br />order as it may determine, at public auction to the highest bidder for cash in lawful <br />money of the United States, payable at time of sale. The Trust~e may, and at the <br />Beneficiary's request shall, postpone sale of all or any portion of the Property by public <br />announcement at such time and place of sale, and from time to time thereafter may <br />Exhibit C Page 11 of 16
The URL can be used to link to this page
Your browser does not support the video tag.