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Agenda - 05-21-1991
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Agenda - 05-21-1991
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11/8/2017 10:47:51 AM
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BOCC
Date
5/21/1991
Meeting Type
Regular Meeting
Document Type
Agenda
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interest at the rate provided in the Note secured hereby for sums <br />due after default and shall be due from Grantor on demand of the <br />Beneficiary. No advancement or anything contained in this <br />paragraph shall constitute a waiver by Beneficiary or prevent <br />such failure to perform from constituting an event of default. <br />7. INDEMNITY. if any suit or proceeding be brought <br />against the Trustee or Beneficiary or if any suit or proceeding <br />be brought which may affect the value or title of the Premises, <br />Grantor shall defend, indemnify and hold harmless and on demand <br />reimburse Trustee or beneficiary from any loss, cost, damage or <br />expense and any sums expended by Trustee or Beneficiary shall <br />bear interest as provided in the Note secured hereby for sums due <br />after default and shall be due and payable on demand. <br />8. WAIVERS. Grantor waives all rights to require <br />marshalling of assets by the Trustee or Beneficiary. No delay or <br />omission of the Trustee or Beneficiary in the exercise of any <br />right, power or remedy arising under the Note or this Deed of <br />Trust shall be deemed a waiver of any default or acquiescence <br />therein or shall impair or waive the exercise of such right, <br />power or remedy by Trustee or Beneficiary at any other time. <br />9. CIVIL ACTION. In the event that the Trustee is named <br />as a party to any civil action as. Trustee in this Deed of Trust, <br />the Trustee shall be entitled to employ an attorney at law, <br />including himself if he is a licensed attorney, to represent him <br />in said action and the reasonable attorneys' fees of the Trustee <br />in such action shall be paid by the Beneficiary and added to the <br />principal of the Note secured by this Deed of Trust and bear <br />interest at the rate provided in the Note for sums due after <br />default. <br />10. NO DEFICIENCY. AS PROVIDED IN THE NOTE, NO DEFICIENCY <br />JUDGMENT MAY BE RENDERED AGAINST THE GRANTOR IN ANY ACTION TO <br />ENFORCE THE RIGHTS OF THE HOLDER OF THE NOTE, THE TRUSTEE OR THE <br />BENEFICIARY HEREUNDER OR UNDER THE NOTE OR PURSUANT TO THE <br />OBLIGATION OF THE GRANTOR TO PURCHASE THE PREMISES; AND THE <br />TAXING POWER OF THE GRANTOR IS NOT AND MAY NOT BE PLEDGED <br />DIRECTLY OR INDIRECTLY TO SECURE ANY MONEYS DUE UNDER THE NOTE, <br />THIS DEED OF TRUST OR THE GRANTOR'S OBLIGATION TO PURCHASE REAL <br />PROPERTY IN CONNECTION WITH THIS TRANSACTION. <br />2 <br />
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