Examples of Third Deed of Trust in a sentence
This Note is secured by a Third Deed of Trust of even date herewith (the "Deed of Trust") executed by Borrower conveying certain property located in Durham, North Carolina.
The Borrower shall have executed and delivered to the Lender a Security Agreement for a Third Deed of Trust for the subject site, a UCC-1 filing for all equipment, furniture and fixtures financed with the Loan, and personal guarantee of ____________________________.
The right of the Agent to sell or otherwise dispose of all or any of the Mortgaged Property, in the manner provided for in the Deed of Trust, the Second Deed of Trust, and the Third Deed of Trust all other rights and remedies available to the Agent under the Deed of Trust, the Second Deed of Trust and the Third Deed of Trust.
If the City conveys the Site to Participant, such conveyance is to be concurrent with the recording of the CC&Rs, the Resale Restriction Agreement, the Senior Deed of Trust, the Equity Share Deed of Trust and the Capital Recovery Third Deed of Trust.
Subject to the rights of the holder of the First Deed of Trust, Second Deed of Trust and Third Deed of Trust, all or any loss proceeds payable to Beneficiary hereunder may, at Beneficiary’s option, be applied in any one or more of the following ways: (a) applied to the indebtedness hereunder, (b) applied to fulfill any of the covenants of Grantor contained herein, (c) applied to the replacement or restoration of the premises, or (d) released to Grantor.
Borrower shall furnish evidence reasonably satisfactory to the Lender that: (i) Borrower has good and marketable title to the Property; (ii) the consent of no other person or entity is required to grant a security interest in the Property to the Lender; and (iii) there is no other deed of trust, mortgage or encumbrance against the Property other than the First Deed of Trust, Second Deed of Trust and Third Deed of Trust.
Subject to the rights of the First Deed of Trust, Second Deed of Trust, Third Deed of Trust and Fourth Deed of Trust Lenders, in the event of a Default, and in addition to, and not in limitation of, any and all rights or remedies available to the Trustee or Beneficiary as a result of any such Default either by law or by any other provision of this Deed of Trust or any of the other Loan documents, the Beneficiary, in its sole discretion, may elect to pursue the following remedy.
Secondly, the amount of the Third Deed of Trust is what is entitled an “Equalizing Payment by Allison to Michael” under paragraph 52 of the Marital Settlement Agreement.
No previous waiver and no failure or delay by the Company in ------ acting with respect to the terms of this Note, the Third Deed of Trust or the Loan Agreement shall constitute a waiver of any breach, default, or failure of condition under this Note, the Third Deed of Trust, the Loan Agreement or the obligations secured thereby.
Grantor agrees to keep the Property or any Personal Property free from all other liens either prior or subsequent to the lien created by this instrument except for that certain Xxxxxx Ranch Second Deed of Trust and Security Agreement of even date herewith, that certain Xxxxxx Ranch Third Deed of Trust and Security Agreement of even date herewith, and any trade debt shown on Exhibit B attached hereto.