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Deed of Trust MTLG LLC
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Deed of Trust MTLG LLC
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9/22/2020 10:09:10 AM
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9/22/2020 9:41:01 AM
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CM City Clerk-City Council
Document Date (6)
4/10/2019
Recorded Document Type
Assignment of Rents
Deed of Trust
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PERM
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shall use best efforts to ensure that provisions mandating such notice and allowing such <br />right to cure shall be included in all such documents. Within.three business days of the <br />Trustor's receipt thereof, the Trustor shall provide the Beneficiary with a copy of any <br />notice of default the Trustor receives in connection with any financing docum.ent <br />secured by the Property or any part thereof. · <br />(b) Compensation; Reimbursement of Costs. The Trustor agrees to pay all <br />reasonable fees, costs, and expenses charge9 by the Beneficiary or the Trustee for any <br />service that the Beneficiary or the Trustee may render in connection with this Deed of <br />Trust, including without limitation, fees and expenses related to provision of a statement <br />of obligations or related to a reconveyance. The Trustor further agrees to pay or <br />reimburse the Beneficiary for all costs, expenses; and other advances which may be <br />incurred or made by the Beneficiary or Trustee in any efforts to enforce any terms of .this <br />Deed of Trust, including any rights or remedies,afforded to the Beneficiary or the <br />Trustee or both of.them, whether or not any lawsuit is filed, or in defending ahy action or <br />proceeding arising under or relating to this Deed of Trust, including reasonable <br />attorneys' fees and other legal costs, costs of any disposition of the Property under the <br />power of sale granted hereunde_r or any judicial foreclosure, and any cost of evidence of <br />title. <br />5.17 Indemnification. Trustor agrees to indemnify, defend (with counsel <br />approved by Beneficiary) and hold the Beneficiary, its elected and appointed officers, <br />officials, agents, and employees ("lnd~mnitees") harmless from and against any and <br />all losses, damages, claims, actions, demands, judgments, penalties, 9osts, and <br />expenses (including reasonable attorneys' fees) and liabilities (all of the foregoing, <br />collectively "Claims") which the lnderhnitees may sustain or suffer directly or indirectly <br />as a result of or arising in connection with (i) Trustor's failure to perform any obligations <br />as and when required by the Note, the Agreement, or this Deed of Trust, '(ii) the failure <br />at any time of any of Trustor's representations and warranties made in connection with <br />the Loan to be true and correct, or (iii) any action or omissio.n by lndemnitees in <br />connection with this Deed of Trust, except to the extent any such Claim arises due to <br />the gross negligence or willful misconduct of lndemnitees, <br />6. Events of Default; Remedies <br />6.1 . Events of Default. Any one or more of the following events shall constitute <br />a default under this Deed of Trust ("Event of Default"): <br />(a) Failure of the Trustor to pay the indebtedness secured hereby or <br />any installment thereof when and as the same become due and <br />payable, whethe_r at maturity or by acceleration or otherwise, and <br />such failure continues for ten (10) days after Lender notifies <br />Borrower thereof in writing; <br />(b) Failure of Truster to timely observe or to perform any covenant <br />condition or agreement to be observed or performed by Trustor <br />pursuant to the Agreement, the Note or this Deed of Trust, and <br />Exhibit C Page 8 of 16
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