HomeMy WebLinkAbout18Section 3.3 Pgymsmta�d Psrforr'lance. Grantor shall pay the
Indebtedness when due under
helo bc a rfo ram ciits and shall perform the Obligations
ill full when they are required
u. o.�o.>e nt of F St1t[�tGtfl eC[II49911Y. Grantor shall
Section 3 A . consent of — Permit any of the Fixtures or
not, without the prior written consent of Beneficiary,
Personalty to be removed at any time from the Land or Improvements, unless the
removed item is removed temporarily for maintenance andrepair better suitability and
permanently, is obsolete and is replaced b} article
oequal
value owned by Grantor subject to the liens and security interests of this Deed Of Trust
and the other Loan Documents, and Gee and clear of any other lien or security interest
except such as may be first approved in Writing by Beneficiary.
Section 3.5 MaigtMIN rRtohts ofliay.�a'tm 'and
is of wa casements, gams, privileges,
yi�gpag. Granter shall maintain all rights Y.
licenses, certificates, permits, entitlements, and franchises necessary for the use of the
Mortgaged Property and will not, without the prior consent of Beneficiary, consent to
any public restriction (including any zoning ordinance) or private restriction as to the
use of the Mortgaged property. Grantor shall comply with all restrictive covenants
affecting the Mortgaged Property. and all zoning ordinances and other public or private
restrictions as to the use of the Mortgaged Property.
Section 3.6 juUIC M Subject to the terms of the Loan Agreement,
Grantor shall permit Trustee and Beneficiary, and their agents, representatives and
employees, upon reasonable prior notice to Grantor, to sPeCt theBeneficiaryrtmagcd y Prop rtY
and conduct such environvieVal and engineering studies
provided that such inspections and studies shall not materially interfere with the use
and operation of the Mortgaged Propery.
Section 3, 7 other over ai nu, All of the covenants in the Loan
Agreement are incorporated herein y reference and together with covenants in thi
bs
Article 3, shall be covenants running with die land The covenants set forth in the
among other provisions (a) the prohibition against the
Loan Agreement include,
of tMg
further sale, transfer or encumbering of any he Mortgaged Property and against
certain transfers of interest i in Grantor or is entities owlim «� ag�t
the obligation to pay when due all taxes on the mortgaged
Beneficiary with respect to the Loan, (c) the right of Beneficiary to inspect the
Mortgaged Property, (d) the obligation to keep the Mortgaged Property insure" as
Beneficiary may require, (e) the obligation to comply with all legal requirements
(including environmental isws), maintain the Mortgaged Property in good coudit on,
and promptly repair any damage or casualty, and (0 except as otherwise permitted
under the Loan Agreement, the obligation of Grantor to obtain Beneficiary s consent
prior to entering into, modifying or taking other actions with respect to Leases'