11517 Cumpston #3, North Hollywood, CA 91601 B .pdf
Original filename: 11517 Cumpston #3, North Hollywood, CA 91601 B.pdf
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Branch :NT4,User :JROS
Station ID :SK04
funds loaned to .Trustor by Beneficiary, or Ia connection with or affecting the Property or
any part thereof. including causes ot'acHon
arising in tort or contract and causes of
actio' for fraud or concealment
of a material fact;
al] oilier personal property of Trustor, whether tangible or
intangible, located on. used or to be used in any way in connection with, the Real
Property or theconstruct,ion,
operation, . occupancy,
lmprovemerit, or development. of. th~ Real . Property,
whether now owned or hereafter acquired Or created (including, equipment, Inventory,
instruments...g'. eneral int!flgibles, Ch8. net paper, accounts. acqourtts
accounts, and contract rights, -.;. all such terms are used Itl the
California Uniform Commercial
aU supplements, modifications. andarnendments
to any of
the foregoi.ng; all substitutions, replacements. additions, and acc-essions to any and aU
of the foregoing; any of the foregoing hereafter acquired by Trustor; and all proceeds of
all of the roregoing..
The Real Property and aU of the items described in paragraphs
referred to collectively as the ..Property."·
IN THIS DEED OF TRUST OR IN THE LOAN DOCUMENTS.
UNDER OR PURSUANT TO TI-lAT CERTAIN ENVIRONMENTAL
OR ANY GUARANTIES EXECUTED IN CONNECTION
LOAN WILL BE SECURED BY THIS DEED OF TRUST.
for the benefit of Beneficiary
Trustor is the lawful owner of the Property>
Trustor will maintain aud preserve the lien of this Deed of Trust until the
Indebtedness has been paid in full,
Trustor has good. right, and lawful authority to grant the Property as provided
in this Deed of Trust, and
Trustor will forever warrant and defend the grant made in this Deed of Trust
against all claims and demands, except as are specifically set forth in this
Deed of Trust.
REPRESENT ATION ANn WARRANTIES.
for the benefit
2.1. PAYMENT OF PRINCIPAL AND INTEREST.
when ..due the principal of and interest on the indebtedness
all other sum~ secured by this Deed of Trust
by the Note and
2:2. APPLICATiON OF PAYl\'IENTS. Except to the extent otherwise required by
law or by the terms of any other Loan Document. .Beneficiary shall apply and credit
funds received and accepted by Beneficiary pursuant to this Deed of Trust or aoy other
Loan Document in the fotlowing manner and order of priority: (a) to pay. or reimburse
Beneficiary fo.r any COl
.... sts and eXJ.penses (including
court costs and attorneys.' fees) i.l1curred
by Beneficiary in enforcing its eigbts and remedies under the Loan Documents; (b) to pay
any. late payment
due under the Note or .any other Loan. ~~~,n.t.~
f'!fg;; •• Qf27
LOS ANGELES, CA Document:TD
Printed on:1I27/2014 8:30 AM
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