ANR INDUSTRIES, INC. (2)-2009 - Laserfiche WebLink

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Beneficiary, the Trustor shall make, execute and deliver, or cause to be made, executed and delivered, to the Beneficiary and, where appropriate, cause to be recorded and/or filed, and from time to time thereafter to be re-recorded and/or re-filed, at such time and in such offices and places as shall be deemed desirable by the Beneficiary, any and all such other and further deeds of trust, security agreements, financing statements respecting personal property, instruments of further assurance, certificates and other documents as may, in the opinion of the Beneficiary, be necessary or desirable in order to effectuate, complete or perfect, or to continue and preserve, (a) the obligations of the Trustor under this Deed of Trust. 3. Agreement to Pay Attorney's Fees and Expenses. In the event of an Event of Default hereunder, and if the Beneficiary should employ attorneys or incur other expenses for the collection of amounts due or the enforcement of performance or observance of any obligation or agreement on the part of the Trustor in this Deed of Trust, the Trustor agrees that it will, on demand therefor, pay to the Beneficiary the reasonable fees of such attorneys and such other reasonable expenses so incurred by the Beneficiary; and any such amounts paid by the Beneficiary shall be added to the indebtedness secured by the lien of this Deed of Trust, and shall bear interest form the date such expenses are incurred at the maximum rate permitted by Section 1 (2) of Article XV of the California Constitution. 4. Payment of the Promissory Note Amount. The Trustor shall pay to the Beneficiary an amount equal to the Amount of the Promissory Note, in the amount(s) and by the time(s) set out in the therein. The failure to pay said Amount constitutes an Event of Default under the Promissory Note authorizing and permitting the Beneficiary to exercise the remedies set forth herein. 5. Subrogation: Payment of Claims. Provided that the Beneficiary gives notice of at least five (5) business days to the Trustor, the Beneficiary shall be subrogated to the claims and liens of all parties whose claims or liens are discharged or paid by the Beneficiary pursuant to the provisions hereof. 6. Use of the Property. The Trustor agrees and covenants to use the Property as its primary residence in full compliance with the Agreement until the Termination Date. 7. Transfer. No sale, transfer, lease, pledge, encumbrance, creation of a security interest in or other hypothecation of the Security shall relieve or release the Trustor from primary liability under this Deed of Trust or the Agreement. Article VII. EVENTS OF DEFAULT AND REMEDIES 1. Events of Default Defined. The occurrence of any failure of the Trustor to perform City.HO.DOT Page 8 of 15 2/8/1 0