Laserfiche WebLink
proper to keep the Security in good condition and repair; (iii) to appear and participate in any <br />action or proceeding which may affect the security hereof or the rights or powers of Beneficiary <br />or Trustee; (iv) to pay, purchase, contest or compromise any encumbrance, claim, charge, lien or <br />debt which in the judgment of either may affect the security of this Deed of Trust or be prior or <br />superior hereto; and (v) in exercising such powers to pay necessary expenses, including <br />employment of counsel or other necessary or desirable consultants. Trustor shall reimburse <br />Beneficiary on demand for all costs incurred by Beneficiary in connection with actions which <br />Beneficiary reasonably deems advisable to protect its interest under the Loan Agreement and all <br />such amounts shall bear interest at the Agreed Rate following demand and be secured hereby. <br />2.14. Transfer of Property by Trustor. <br />Prior to repayment of the Note, Trustor agrees that Trustor shall not sell or transfer the <br />Security or any interest therein or sell or transfer all or substantially all of the assets of Trustor or <br />any of them except as may be provided in the Loan Agreement. <br />2.15. Additional Security. <br />No other security now existing, or hereafter taken, to secure the Obligations secured <br />hereby or the liability of any maker, surety guarantor or endorser with respect to such <br />Obligations, or any of them, shall be impaired or affected by the execution of this Deed of Trust; <br />and all additional security shall be taken, considered and held as cumulative. The taking of <br />additional security, execution of partial releases of the Security, or any extension of the time of <br />payment of the indebtedness shall not diminish the force, effect or lien of this Deed of Trust and <br />shall not affect or impair the liability of any maker, surety, guarantor or endorser for the payment <br />of said indebtedness. In the event Beneficiary at any time holds additional security for any of the <br />Obligations secured hereby, it may enforce the sale thereof or otherwise realize upon the same, at <br />its option, either before, concurrently, or after a sale is made hereunder. <br />2.16. Liens. <br />Trustor shall not cause, incur suffer or permit to exist or become effective any lien, <br />encumbrance or charge upon all or any part of the Property, the Improvements or any interest <br />therein other than (a) easements, rights of way, covenants, conditions, restrictions, liens, and <br />other title limitations approved in writing by Beneficiary prior to the execution of this Deed of <br />Trust, (b) immaterial easements and rights of way which are required by governmental <br />authorities as a condition to the use and operation of the Improvements which are approved in <br />writing by Beneficiary after the execution of this Deed of Trust, (c) easements, rights of way, <br />covenants, conditions, restrictions, liens and other title limitations allowed pursuant to Section <br />2.3 hereof and (d) deeds of trust, regulatory agreements and covenants contained in that certain <br />lender's title policy issued to the Beneficiary in connection with the Loan on or about the date <br />hereof (the "Permitted Encumbrances"). Trustor shall pay and promptly discharge, at Trustor's <br />cost and expense, all liens, encumbrances and charges upon the Security, or any part thereof or <br />interest therein other than the Permitted Encumbrances; provided, that the existence of any <br />mechanic's, laborer's, materialman's, supplier's or vendor's lien or right thereto shall not <br />constitute a violation of this Section if payment is not yet due under the contract which is the <br />foundation thereof. Trustor shall have the right to contest in good faith the validity of any such <br />11 <br />The Crossroads at Washington <br />City HOME Deed of Trust <br />