My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
C150360 Amend 1
CWCB
>
Loan Projects
>
DayForward
>
5001-6000
>
C150360 Amend 1
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/30/2017 11:14:21 AM
Creation date
8/30/2017 11:13:49 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150360 CT2015-141
Contractor Name
East Mesa Water Company
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
25
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
PROMISSORY NOTE or LOAN CONTRACT, then upon the BENEFICIARY filing notice of election and <br />demand for sale, said PUBLIC TRUSTEE, after advertising notice of said sale weekly for not less <br />than four weeks in some newspaper of general circulation in said COUNTY, shall sell said <br />COLLATERAL in the manner provided by law in effect at the time of filing said notice and demand, <br />at public auction for cash, at any proper place designated in the notice of sale. Out of the <br />proceeds of said sale, the PUBLIC TRUSTEE shall retain or pay first all fees, charges and costs <br />and all moneys advanced for taxes, insurance and assessments, or on any prior encumbrance, <br />with interest thereon and pay the principal and interest due on said PROMISSORY NOTE, <br />rendering the overplus, if any, unto the GRANTOR; and after the expiration of the time of <br />redemption, the PUBLIC TRUSTEE shall execute and deliver to the purchaser a deed to the <br />COLLATERAL sold. The BENEFICIARY may purchase said COLLATERAL or any part thereof at such <br />sale. <br />The GRANTOR covenants that at the time of the delivery of these presents, it is well <br />seized of the COLLATERAL in fee simple, and has full power and lawful authority to grant, <br />bargain, sell and convey the same in the manner and form as aforesaid. The GRANTOR fully <br />waives and releases all rights and claims it may have in or to said COLLATERAL as a Homestead <br />Exemption or other exemption, now or hereafter provided by law. The GRANTOR further <br />covenants that the COLLATERAL is free and clear of all liens and encumbrances whatever and <br />that the GRANTOR shall warrant and forever defend the COLLATERAL in the quiet and peaceable <br />possession of the PUBLIC TRUSTEE, its successors and assigns, against all and every person or <br />persons lawfully claiming or to claim the whole or any part thereof. <br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and <br />assessments levied on the COLLATERAL; any and all amounts due on account of the principal <br />and interest or other sums on any senior encumbrances, if any; and will keep the COLLATERAL <br />insured in accordance with the requirements of the LOAN CONTRACT. In the event of the sale or <br />transfer of the COLLATERAL, the BENEFICIARY, at its option, may declare the entire balance of the <br />PROMISSORY NOTE immediately due and payable <br />In case of default in any of said payments of the principal or interest, according to the <br />terms of said PROMISSORY NOTE or LOAN CONTRACT, by the GRANTOR, its Successors or <br />assigns, then said principal sum hereby secured, and interest thereon, may at once, at the <br />option of the BENEFICIARY, become due and payable, and the said COLLATERAL be sold in the <br />manner and with the same effect as if said indebtedness had matured, and that if foreclosure <br />be made by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for services in the <br />supervision of said foreclosure proceedings shall be allowed by the PUBLIC TRUSTEE as a part of <br />the cost of foreclosure, and if foreclosure be made through the courts a reasonable attorney's <br />fee shall be taxed by the court as a part of the cost of such foreclosure proceedings. <br />It is further understood and agreed, that if a release or a partial release of this DEED OF <br />TRUST is required, the GRANTOR, its successors or assigns will pay the expense thereof; that all <br />the covenants and agreements contained herein and in the PROMISSORY NOTE and LOAN <br />CONTRACT shall extend to and be binding upon the successors or assigns of the respective <br />parties hereto; and that the singular number shall include the plural, the plural the singular, and <br />the use of any gender shall be applicable to all genders. <br />Appendix 5 to Loan Contract C150360 <br />Page a.of 3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.