|
Act. Grantor' s obligations under this Section shall survive a
<br /> foreclosure of or exercise of power of sale under this Deed of
<br /> Trust or delivery of a deed in lieu of foreclosure.
<br /> 1.11 Compliance with Laws. Grantor covenants and warrants
<br /> that the Property presently complies with and will continue to
<br /> comply with all applicable federal, state and/or local laws,
<br /> regulations and ordinances, including, without limitation, all
<br /> applicable health laws and regulations, which affect the Property
<br /> and the operations of Grantor on the Property. If Grantor receives
<br /> notice from any federal, state or other governmental body that it
<br /> is not in compliance with any such covenant, ordinance, code, law
<br /> or regulation, Grantor will provide Beneficiary with a copy of such
<br /> notice and comply with the provisions of such notice promptly.
<br /> 1.12 Further Assurances. At any time and from time to time,
<br /> upon Beneficiary's request, Grantor shall make, execute and
<br /> deliver, or cause to be made, executed and delivered, to
<br /> Beneficiary, and where appropriate shall cause to be recorded or
<br /> filed, and from time to time thereafter to be re-recorded and
<br /> ref iled at such time and in such offices and places as shall be
<br /> deemed desirable by Beneficiary, any and all such further deeds of
<br /> trust, instruments or further assurances, certificates and other
<br /> documents as Beneficiary may consider necessary or desirable in
<br /> order to effectuate, complete, or perfect, or to continue and
<br /> preserve the obligations of Grantor under the Contract and this
<br /> Deed of Trust, and the lien and encumbrance of this Deed of Trust
<br /> as a lien and encumbrance upon all of the Property, whether now
<br /> owned or hereafter acquired by Grantor. Upon any failure by
<br /> Grantor to do so, Beneficiary may make, execute, record, file, re-
<br /> record or ref ile any and all such deeds of trust, instruments,
<br /> certificates and documents for and in the name of Grantor, and
<br /> Grantor hereby irrevocably appoints Beneficiary the agent and
<br /> attorney-in-fact of Grantor to do so.
<br /> 1.13 Expenses and Indemnification. To the extent permitted
<br /> by law, Grantor will pay when due and payable all costs and
<br /> expenses of every character, including (without limitation)
<br /> reasonable attorneys' fees and expenses which may hereafter be
<br /> incurred by the Trustee or Beneficiary in accordance with and
<br /> subject to the provisions of the Contract or this Deed of Trust,
<br /> other than any costs or expenses arising out of the acts or
<br /> omissions (constituting negligence or wilful misconduct on the part
<br /> of) of Beneficiary or its officers and agents. To the extent
<br /> permitted by law, Grantor will, upon demand by Beneficiary,
<br /> reimburse Beneficiary for all such expenses which shall be incurred
<br /> by it in connection with and will indemnify and hold harmless
<br /> Beneficiary from and against, and reimburse it for, all claims,
<br /> demands, liabilities, losses, damages, judgments, penalties, costs,
<br /> and expenses (including, without limitation, attorneys' fees) which
<br /> may be imposed upon, asserted against, or incurred or paid by
<br /> Beneficiary by reason of, on account of or in connection with any
<br /> 6
<br />
|