Examples of California Deed of Trust in a sentence
Grantor, as Subsidiary Guarantor executed that Subsidiary Guaranty, dated as of May 16, 2003, as amended (the “Subsidiary Guaranty”), in favor of Northern for the benefit of the Existing Lenders and secured its obligations under that Subsidiary Guaranty by granting a Mortgage on the California Property, pursuant to that certain California Deed of Trust, dated as of September 10, 2004, between Grantor and Northern, as Secured Party.
LaSalle hereby accepts the assignment and assumption of the foregoing California Deed of Trust, and agrees that LaSalle or its successors or assigns will assume and perform the unperformed and partially performed obligations, liabilities and duties of Northern thereunder in accordance with the terms hereof and thereof.
All sums advanced and all expenses incurred by Lender pursuant to any provision of this Agreement or of the other Loan Documents which are not paid when due shall bear interest at the Default Rate set forth in the Note from the date such sum was due until such sum is paid in full and shall be secured by the California Deed of Trust and the Indiana Mortgage.
It shall use the proceeds of the Loans as follows: (i repayment in full of the Company’s senior credit facility with Silicon Valley Bank, (ii repyament in full of the promissory note with Marks Paneth and Shron, LLP, (iii) acquisition of the properties subject of the California Deed of Trust and Texas Deed of Trust, in such amounts as set forth on Schedule 13(e) and (iv) general working capital purposes only.
EMI's security interest in the Property and the property encumbered by the California Deed of Trust shall end and EMI shall discharge the Georgia Deed to Secure Debt and the California Deed of Trust when Borrower shall have repaid the Loan in full.
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To secure Borrower's repayment to EMI of the Loan, Borrower has signed a promissory note which evidences the Loan to be secured by a deed to secure debt (the "Georgia Deed to Secure Debt") on the Property and by a deed of trust on certain real property (the "California Property") owned by Borrower and located in Orange County, California (the "California Deed of Trust").
The project will provide visitors with increased access to the coast and will contribute a new segment to the coastal trail, helping to connect the City of Carpinteria with Rincon County Beach Park and points east and west along the Pacific Coast Bikeway.
Xxxxx and Xxxxx Xxxxxxxx Xxxxx, as beneficiaries, dated July 11, 1988 and recorded August 17, 1988 as Instrument Number 88009023 of the official records of Siskiyou County, California, which California Deed of Trust purports to secure indebtedness in the original principal amount of $80,000.
All of Borrower's obligations hereunder and under the Note are secured by the Indiana Mortgage and the California Deed of Trust and are guaranteed by the Guaranty.