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HomeMy WebLinkAbout31e 0 statements and such father assurances as Beneficiary may, from time to time. reasonably consider necessary to create, perfect and preserve Beneficiary's security interest hereunder and Beneficiary may cause such statements and assurances to be recorded and filed, at such tithes and places as may be required or pentined by law to so create, perfect and preserve such security interest. Grantors chief executive office is at the add,ess set forth in the first paragraph of this Deed ofTnut. Secton 6.3 Fixture Filing. This Deed of Trust shall also constitute a ,,fixture filing' for the purposes of the UCC against all of the Mortgaged Property which is or is to become fixtures. Information concerning the security interest herein granted may be obtained at the addresses of Debtor (Grantor) and Secured Parry (Beneficiary) as set forth in the first paragraph of this Deed of Trust. ARTICLE 7 p C�9tYilYG THE T'RCtCTEE C� C M Section 7.1 CS1U1n Rid U With the approval of Beneficiary, Truster O shall have the right to stied, employ and consult with counsel. Trustee shall have the rgh' to rely on any instrument, document or signature autborivag or supporting any action taken or proposed to be taken by him hereunder, believed by him in good faith to be genuine. Trustee shall be entitled to reimbursement for actual, reasonable expenses incurred by him in the performance of his duties hereunder. Grantor shall, from time to time, pay the compensation due to Trustee hereunder and reimburse Trustee for, and indemnify, defend and save Trustee hwlwcss agautst, all liability and reasonable expenses which may be incurred by him in the performance of his dunes, including those arising from the join' concurrent, or comparative negligence, of Trustee; however, Grantor shall not be liable under such indemnification to the extent such liability or expenses result solely from Tnastee's gross negligence or willful misconduct. Grantor's obligations under this Section 7.1 shall not be reduced or impaired by principles of comparative or contributorynegligence. Section 7.2 R to •ntion of ri[onev. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moaeys (except to the. extent required by law), and Trustee shall he, under no liability for interest on any moneys received by him hereunder. Section 7.3 $_utca Q Truitt U. If Throe or any successor Trustee shall die, resign or become disqualified from acting in the cxecunon of this trust, or Beneficiary shall desire to appoint a substitute Trustee, Beneficiary shall bave fidi power to appoint one or more substitute Trustee, and if prcferted, sever?] substitute Trustees in succession who shall succeed to all the estates, rights, powers and duties of