.-.'"' •%&.% poses, aad *Ma Dsed of Trust' shall constitute a^flxtorB~.flatahxlJbr:. statement and aa such, • . •" .•'.aftJdj shall be filed for record ia tte Baal Estate Bsooraa o^tte^Ccanty la which tte land cover .... ed hereby la located. Grantors shall, not changerGraator.rtoname wittbaut tte prior express written consent of Benefieiafy, tte nam* of the; reoostf'OHnB^exVttw land covered by the party or parties defined herein aaGrantors. daVtateartBr^'y^ .yau • -^-. ^., *r^T*t-t&^*^-&bV^\'i^ •(e) 'unless otherwise disclosed .to Bsnefiolary^fepb^ml^^ ' that, except for tte security interest sranted> htaeb^l^p£^alla tte ••••., ---j.-vtiO, '-'jjj 'owners of tte collateral free of'aay adverse alalia,. ssenrltrlatereB^or-erbjiaahrareBeVand • ••• :',..-w*?"a.-j Grantors shall defend s^aaiasfr'airole^^aad'jSiBS^ psraoa at any " tdxe oTaiinlng tte ssaafor anyilatertat. thareja^JOraatdrs, havtknot: heretofuie signed say financing statement and no ft imaging rtateaait. erifetso^bj^fj^ Ja file in aay public office'except 'those stateaents, true and>'oarract^bopi"tfofr^ been delivered 4\S fOZVj to Beneficiary. '• So.long as any aaount reoaihs unpalo^oa^'erUdc.iBal^Dteu shall . not execute and there shall not te filed la'aajTs or statements" affeetiag tee Collatsral dary bereunder. tr*i"'Ii-^': '^.r^^ ..'.'' 'ff)-'*.p'B- aaaurlty iBterest ganted to -" atdtute Beseficisry or Trustee aa a IrusU^jae,, _ of. tte Bxtrtgaged ' properly so aa to obligate Benaflclary or TrusteaK-toi property or at- tempt to do tte same, or to take any actios, incur any •r discharge any obligation, duty or liability "tth respect to ' ^Osvaay part thereof or otherwiBe. *s- • JJ=.'"vf-j3Sf. • • • *^3i!tti.f^ffjyy!Ta
38. Tte Grantor aoanowledges that In additdotf tb^'ttat^oerteia'vPixmlasory Note la tte amount of 2830,000.00 executed by Grantor of. even date bsrb"Aa,^GraatiDr has executed a second ProBdasory Note of even date hereof la tte aasnTt^o£r^0,000.00, secured by other security interest, Incinrilng tte real property herela> ftesorlbnd;, and payable to tte order of Security Bans. Grantor cevensata, stipulates: aad.ag<"Bnto;teep..said aeaond Proadssory Note la the ascunt of S390.000.00 ourrent, la. good standtagi-aad not- ia default, and ex pressly stipulates herela that should default bB-madet ia.the-pa^ineBt-of said $880,000.00 Note, or- any part thereof, principal or interest-,, asiitte-aBaxe shall' became due and payable, or ia any of tte covenants of tte Deed of Trust and Security, agretasut,. or any otter docu ments executed to secure tte payment of. said. Sm,0D0.0O.itobt,,< tte-'indebtedness evidenced by the $830,000.00 Note, at tte option of the- bolder: ttereof;jahalT ataoce, without fur-
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BOO ;^&?; 089r98H7'*.
ther notice, all notices if required having been waived hereby, become due and. payable. Grantor further acknowledges, stipulates and agrees that in tte event of default under tte terms of toe $850,000.00 Rote executed of even date herewith by Grantor shall also be an event of default under tte $350,000,00 Note executed of even date herewith in favor of beneficiary and further. Grantor acknowledges, stipulates, covenants and agrees that la event of default under tte terms of tte $550,000.00 Note executed of even date herewith by the Graator shall also be aa event- of default under tte terms of tte $850,000.00 Note executed in favor of tte beneficiary herein by tte Grantor herein.
EXECUTED in