Laserfiche WebLink
"Release" means any spilling, leaking, pumping, pouring, emitting, emptying, <br />discharging, injecting, escaping, leaching, dumping, or disposing into the environment, including <br />continuing migration, of Hazardous Substances that goes into the soil, surface water, or <br />groundwater of the Property, whether or not caused by, contributed to, permitted by, acquiesced <br />to, or known to Truster. <br />Any capitalized term referenced herein that is not specifically defined shall have the <br />meaning set forth in the Loan Agreement or Note. <br />Section 2. GENERAL COVENANTS OF TRUSTOR REGARDING THE <br />PROPERTY, IMPROVEMENTS AND SECURITY <br />2.1. Payment of Secured Obligations. <br />Truster shall duly and punctually pay and perform all Obligations, including but not <br />limited to all terms, covenants, conditions and agreements set forth in the Debt Instruments, the <br />Loan Agreement, the Note, the Ground Lease and any other agreement of any nature whatsoever <br />now or hereafter involving or affecting the Security or any part thereof. <br />2.2. Maintenance, Repair and Modification. <br />(a) The Truster agrees that at all times prior to full payment of the sum owed under <br />the Note, the Trustor will, at the Truster's own expense, maintain, preserve and keep the Security <br />or cause the Security to be maintained and preserved in good condition and repair and in a <br />prudent and businesslike manner. The Truster will from time to time make or cause to be made <br />all repairs, replacements and renewals to the Security, which are necessary or appropriate. The <br />Beneficiary shall have no responsibility in any of these matters or for the making of <br />improvements or additions to the Security. <br />(b) Truster shall not remove, demolish or substantially alter any of the Improvements, <br />other than to make repairs in the ordinary course of business of a non-structural nature which <br />serve to preserve or increase the value of the Security without Beneficiary's prior written <br />consent, which consent shall not be unreasonably withheld so long as Truster provides <br />reasonable evidence to Beneficiary that, following such demolition and restoration and/or <br />alteration, the Improvements shall have a fair market value at least equal to their fair market <br />value prior to such demolition and restoration and/or alteration; Truster shall complete promptly <br />and in a good and workmanlike manner any Improvement which may now or hereafter be <br />constructed and promptly restore in like manner any Improvement which may be damaged or <br />destroyed thereon from any cause whatsoever, and pay when due all claims for labor performed <br />and materials furnished therefor; Truster shall comply with all applicable laws, ordinances, rules, <br />regulations, covenants, conditions, restrictions and orders of any governmental authority now or <br />hereafter affecting the conduct or operation of Truster's business or the security or any part <br />thereof or requiring any alteration or improvement to be made thereon; Truster shall not commit, <br />suffer or permit any act to be done in, upon or to the Security or any part thereof in violation of <br />any such applicable laws, ordinances, rules, regulations or orders, or any covenant, condition or <br />restriction now or hereafter affecting the Security; Truster shall not commit or permit any waste <br />or deterioration of the Security, and shall keep and maintain abutting grounds, sidewalks, roads, <br />6 <br />WISEPIace Permanent Supportive Housing <br />City HOME -ARP Deed of Trust <br />