PURPOSE OF SECURING. (1) The debt evidenced by that certain Promissory Note (such Promissory Note, together with any and all renewals, modifications, amendments, restatements, consolidations, substitutions, replacements and extensions thereof, is hereinafter referred to as the "Note") of even date with this Deed of Trust, made by Grantor and payable to the order of Beneficiary in the original principal amount of SIX MILLION FIFTY THOUSAND AND NO/100 DOLLARS ($6,050,000.00) (the "
PURPOSE OF SECURING. Trustor makes the grant, conveyance, transfer and assignment set forth in Section 1 for the purpose of securing the following obligations (the "Secured Obligations") in any order of priority that Beneficiary may choose:
PURPOSE OF SECURING. A. Payment of the indebtedness evidenced by the Promissory Note (the "Note"), given by Borrower to Lender in the amount of $5,000,000.00, dated of even date herewith, and together with any interest and all other charges under the Note, and any renewals, extensions, supplements and modifications of the Note.
PURPOSE OF SECURING. (a) Payment of the indebtedness with interest thereon evidenced by the Note and any and all modifications, refinancings, extensions and renewals thereof, and all other Indebtedness Hereby Secured;
PURPOSE OF SECURING. (1) The debt evidenced by that certain Promissory Note (such Promissory Note, together with any and all renewals, modifications, consolidations and extensions thereof, is hereinafter referred to as the " ") of even date ------- with this Deed of Trust, made by Grantor to the order of Beneficiary in the principal face amount of together with interest as therein provided;
PURPOSE OF SECURING. (A) The payment and performance of each and every obligation of Assignor contained in the Indenture and in Assignor’s Lease Revenue Bonds, Series 2021, and any Additional Bonds or Refunding Bonds (as defined in the Indenture) (collectively, the “Bonds”); and
PURPOSE OF SECURING. Grantor makes the grant, conveyance, transfer and assignment set forth in Article 1 (Grant in Trust), IN TRUST, makes the irrevocable and absolute assignment set forth in Article 3 (Assignment of Leases and Rents), and grants the security interest set forth in Article 4 (Security Interest in Related Personalty), all for the purpose of securing the following obligations (collectively, the “Secured Obligations”) in any order of priority that Beneficiary may choose:
PURPOSE OF SECURING. For a period of six (6) months and three (3) days from the date hereof (or such longer period as indicated in a written notice from the Trustor) (the date of the conclusion of such period shall be referred to herein as the “Reconveyance Date”), except as set forth in that certain Escrow Agreement of even date herewith entered into by and among Beneficiary, Trustor, and Trustee (the “Escrow Agreement”), (1) payment of (a) the indebtedness evidenced by that certain Buyer Trust Deed Note #1 of even date herewith in the original principal sum of Two Hundred Thousand and No/100 Dollars ($200,000.00), together with interest thereon, executed by Trustor in favor of Beneficiary, and any extensions, revisions, modifications, substitutions, or renewals thereof (“Note #1”); (b) the indebtedness evidenced by that certain Buyer Trust Deed Note #2 dated of even date herewith in the original principal sum of Two Hundred Thousand and No/100 Dollars ($200,000.00), together with interest thereon, executed by Trustor in favor of Beneficiary, and any extensions, revisions, modifications, substitutions, or renewals thereof (“Note #2”); and (c) the indebtedness evidenced by that certain Buyer Trust Deed Note #3 dated of even date herewith in the original principal sum of Two Hundred Thousand and No/100 Dollars ($200,000.00), together with interest thereon, executed by Trustor in favor of Beneficiary, and any extensions, revisions, modifications, substitutions, or renewals thereof (“Note #3,” and together with Note #1 and Note #2, the “Notes”) (2) the performance of each agreement of Trustor herein contained; and (3) the payment of all sums expended or advanced by Beneficiary under or pursuant to the terms hereof, together with interest thereon as herein provided. AND, Trustor hereby warrants, covenants and agrees that Trustor is the lawful owner of the Property, with good and marketable title, free and clear of all encumbrances, liens or charges, excepting only those matters currently of record. TO PROTECT THE SECURITY OF THIS TRUST DEED, TRUSTOR AGREES:
PURPOSE OF SECURING. Trustor makes the grant, conveyance, transfer and assignment set forth in Article 1 (Grant in Trust), makes the assignment set forth in Article 3 (Assignment of Leases and Rents), and grants the security interest set forth in Article 4 (Security Interest in Related Personalty), all for the purpose of securing the following obligations (the “Secured Obligations”) in any order of priority that Lxxxxx may choose:
PURPOSE OF SECURING. (1) The debt evidenced by that certain Promissory Note (such Promissory Note, together with any and all renewals, modifications, amendments, restatements, consolidations, substitutions, replacements and extensions thereof, is hereinafter referred to as the “Note”) of even date with this Deed of Trust, made by Grantor and payable to the order of Beneficiary in the original principal 3 amount of FOUR MILLION NINE HUNDRED SIXTY -EIGHT THOUSAND SEVEN HUNDRED FIFTY AND NO/100 DOLLARS ($4,968,750.00) (the “Loan" or the “Loan Amount”), together with interest and any fees as therein provided which, if not accelerated due to a default or other circumstance permitting acceleration to Beneficiary, the remaining principal balance of the Note and all accrued and unpaid interest thereon shall be due and payable in full on November 11, 2012;
