Laserfiche WebLink
h. Protection of the Bell chCr "n v ",' Security. tf't r u,tor I'iails to perform the <br />unwenaanls ,end agreements contaianed ill this City Deed of "'I "crust or if any action or <br />proixeding is commenced which maatesriadly affects the BCnef CiffYS interest in the SCCUrity, <br />including„ but net hnnited ter, default under the City Deed of'Trust securing any senior <br />lender, eaanu'ient domain, insolvency, code enfarrci meat, or anmankeunents or p1- ocecelin s <br />involving a bankrupt or decedent, then the Rcne9icuui y, at thu Benefi6ary "s option, upon <br />notice to Tr ustor, may make satcln ayapaeaar arances, diSburse sucnla slams and take such action acs it <br />determines necessary to protect the Beneficiary's interest, including, but, not hinnited to, <br />disburserucnt of reasonable attomeyw" fees and eiury upon the Security to aaraake repaahs. <br />Any mmunts disbursed by the 13meficitary pursuant to this paragraph, with interest <br />thereon, wilt becorane an indebtedness of I rustor secured by this City Deed of TRISt, 4.7nkss <br />Trustor and the Bc;neficiaary af;r•ee to other teraias of paynnent, sucli amount wit) be payable <br />upon notice from Ole Henet "reiairy to frusteru reetuesting payment thereof, and wilt beat.. <br />interest Rom the date, of (fisbursenneavt at the mate payable firom time to time on outStandinp <br />principal under the City Loan Note untess paaynlncint of interest at �sucll mate would he eorztraaiy <br />to applicable law, in which event such atnounts will bear interest at the highest mate <br />pennlissible under applicable law. Nothing contaained in this paragraph wilt require the <br />Beneficiary to iiawurc any expense or take ony aaction hereunder. <br />9. lnsploctroil. "flue Betaefierary i,uay arnake, oi• traalrSC to lie rn "aa1e, realionabte <br />entries ul)enai and i nSpectaons of the See,urity during nornnad business hours; provided that the <br />Beneficiary wit] give Traustor reasonable notice of'" inspect "noun. <br />10. [ o rbeu lx anco by jpj; cip;utipl ary Not a Waiver harry fbrbeananec by the <br />Benefteiaiy in exercising any rij,it or remedy will not be as Waiver er of the exercise of any <br />such right or rcirncety. The procta•eneaat of insnreance or (he parynnent of taxes or other liens <br />or charges by the Beneficiary will no[ be a Waiver of the Itencflciaay °s ritriat to :accelerate the <br />maatau ity of tlne secured by this City 17ccd ofTrust <br />I L lt.etn mu leltes Cu ative. All reranefics provided it) dohs C ity Doed of "i.rust acre <br />distinet and curanu'lative to any rather rigln[ or lenaeely under this City D4.N -d ol..l mist or tarry <br />oilier docanneril, or uflirrded lny lawn or eyuily, and may he e�xorch esd concurrently, <br />hrdepeantlentty or saaceessively. <br />1'2 SUtueessors_and Assrterns BOUnd_ The covenants and agreements hcrein <br />contained shat][ brut], and tic rights tnc"a-a:uoder s[ni]t inure; to, the respective successors and <br />assigus oft1w li cneiiciary and l °rustor subject to the provisions of this City Deed ofTrust. <br />t 3. Jaruft and Several Liability, y, All covenants and agreennennts ol'Trustor shalt be <br />[mint and wvei'aal. <br />W Notice. Fxcept for any notice rectaiircd tuaelea applicahGc taw to be given in <br />another manner, (a) any notice to Trustor provided liar in [his; City feed of Trust will he <br />given by eertifieaf mail, rctum rcce'ipt rque ted, ,addiessed tai Trustor not 3416 Vi<i Oporto,. <br />!irate 301, Nt�wpora tieaQh, CA 92663 (b) any roticer to the Beanefictary= %vih be given by <br />250 -62 <br />