Agenda - 06-24-1986 - Laserfiche WebLink

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Trustee ' s commission shall be one percent ( 1% ) of the bid thereat . In the event the Trustee shall be directed to institute a sale under the power of sale contained herein and thereafter all defaults shall be remedied and such proceeding shall be dismissed, the Company shall pay to the Trustee an amount equal to one half of one percent ( . 5% ) of the outstanding principal balance on the Note and all reasonable counsel and other fees and expenses incurred by the Trustee prior to such dismissal . Section 5 . General Covenant. The Company shall pay the principal of and premium, if any, and interest on the Note and shall observe and perform all covenants, conditions and agree- ments contained in the Note, the Loan Agreement, the Company Guaranty, the Security Agreement and this Deed of Trust , and any amendments and supplements thereto. Section 6. Payment of Costs, Attorneys' Fees and Expenses. As between the Beneficiary and the Company, the Company shall pay any and all costs, attorneys ' fees and other expenses of whatever kind incurred by the Trustee or the Beneficiary in connection with (a) obtaining possession of the Trust Estate, (b) the operation, management, protection and preservation of the Trust Estate, (c) the collection of any sum or sums secured hereby, (d) any litigation involving the Trust Estate, this trust, any benefit accruing by virtue of the provisions hereof, or the rights of the Trustee or the Beneficiary, (e) the presentation of any claim under any administrative or other proceeding in which proof of claim is required by law to be filed, ( f) any additional examination of the title to the Trust Estate which may be reasonably required by the Trustee or the Beneficiary, or (g) taking any steps whatsoever in enforcing this Deed of Trust, claiming any benefit accruing by virtue of the provisions hereof, or exercising the rights of the Beneficiary hereunder . Section 7. Insurance and Taxes. Pursuant to Sections 7 . 7 and 6 . 2 of the Loan Agreement, the Company will obtain and maintain certain insurance and will pay all lawful taxes, assessments and charges at any time levied or assessed upon or against the Trust Estate or any part thereof; provided, however , • that nothing contained in this Deed of Trust shall require the maintenance of insurance or the payment of any such taxes, assessments or charges if the same are not required to be paid under Sections 7 .7 and 6.2 of the Loan Agreement . Section 8. No Conveyance or Sale of, or Liens on, Trust Estate. The Company will make no conveyance, sale or other disposition of the Trust Estate or any part thereof or any interest therein without the prior written consent of the Beneficiary, except as provided in Section 8.1 of the Loan Agreement . 8 .