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;
(r)
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,
ownership,
use. management,
operation, . occupancy,
leasing. maintenance,
repair,
lmprovemerit, or development. of. th~ Real . Property,
whether now owned or hereafter acquired Or created (including, equipment, Inventory,
goods, docultlen~,
instruments...g'. eneral int!flgibles, Ch8. net paper, accounts. acqourtts
receivable, d~oslt
accounts, and contract rights, -.;. all such terms are used Itl the
California Uniform Commercial
Code); and
(5)
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..
.

(s)above

The Real Property and aU of the items described in paragraphs
are hereinafter
referred to collectively as the ..Property."·

(a) through

REGARDLESS
OF
ANYTHING
STATED
ABOVE
OR
ANY
OTHER
TERM
CONTAINED
IN THIS DEED OF TRUST OR IN THE LOAN DOCUMENTS.
NONE OF
THE OBLIGATIONS
UNDER OR PURSUANT TO TI-lAT CERTAIN ENVIRONMENTAL
AGREEMENT
OR ANY GUARANTIES EXECUTED IN CONNECTION
WITH THE
LOAN WILL BE SECURED BY THIS DEED OF TRUST.
1.
aBlt:s;--t'eJWEl'Sents-aalnd warrants

for the benefit of Beneficiary

as follows:

(a)

Trustor is the lawful owner of the Property>

Cb)

Trustor will maintain aud preserve the lien of this Deed of Trust until the
Indebtedness has been paid in full,

(0)

Trustor has good. right, and lawful authority to grant the Property as provided
in this Deed of Trust, and

(d)

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.

2.

REPRESENT ATION ANn WARRANTIES.

Trustor

covenants,

represents

and

warrants

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

of

Beneficiary

Trustor

evidenced

as follows:

.

promptly pay
by the Note and

shall

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
charges
due under the Note or .any other Loan. ~~~,n.t.~
(e) 10
REf/. DATE

f'!fg;; •• Qf27

J/Ownl/

LOS ANGELES, CA Document:TD
Printed on:1I27/2014 8:30 AM

2014.13663

..

InitleJs /'

~~

.

.

Page:50f28


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