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201201420
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Last modified
3/19/2012 3:47:25 PM
Creation date
2/27/2012 8:45:38 AM
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DEEDS
Inst Number
201201420
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�012014�0 <br />43. No Partnershin. Nothing contained in this Deed of Trust is intended to, or <br />sha11 be construed to, create to any extent and in any manner whatsoever any partnership, <br />joint venture, or association between Grantor and Beneficiary, or in any way make <br />Bene�ciary a co-principal with Grantor with reference to the Mortgaged Property, and any <br />inferences to the contrary are hereby expressly negated. <br />44. Headin�s. The Section headings herein are inserted for convenience of <br />reference only and shall in no way alter, modify or define, or be used in construing, the text <br />of such Sections. <br />45. Defense of Claims. Grantor shall promptly notify Beneficiary in writing of <br />the commencement of any legal proceedings affecting Grantor's title to the Mortgaged <br />Property or Beneficiary's lien on or security interest in the Mortgaged Property, or any part <br />thereof, and shall take all such action, employing attorneys satisfactory to Beneficiary, as <br />may be necessary to preserve Grantor's and Beneficiary's rights affected thereby. If Grantor <br />fails or refuses to adequately or vigorously, in the sole judgment of Beneficiary, defend <br />Grantor's or Beneficiary's rights to the Mortgaged Property, Beneficiary may take such <br />action on behalf of and in the name of Grantor and at Grantor's expense. All costs, expenses <br />and attorneys' fees incurred by Beneficiary (or its agents) pursuant to this Section 45 or in <br />connection with the defense by Beneficiary of any claims, demands or litigation relating to <br />Grantor, the Mortgaged Property or the transactions contemplated in this Deed of Trust shall <br />be paid by Grantor upon written demand, plus interest thereon from the date of the advance <br />by Beneficiary until reimbursement of Beneficiary at the interest rate as set forth in the <br />Credit Agreements. <br />46. Exculpation Provisions. GRANTOR SPECIFICALLY AGREES THAT TT <br />HAS A DUTY TO READ THIS DEED OF TRUST; AND AGREES THAT IT IS <br />CHARGED WITH NOTICE AND KNOWLEDGE OF THE TERMS OF THIS DEED OF <br />TRUST; THAT IT HAS IN FACT READ THIS DEED OF TRUST AND IS FULLY <br />INFORMED AND HAS FULL NOTICE AND KNOWLEDGE OF THE TERM5, <br />CONDITIONS AND EFFECTS OF THIS DEED OF TRUST; THAT IT HAS BEEN <br />REPRESENTED BY INDEPENDENT LEGAL COUNSEL OF ITS CHOICE <br />THROUGHOUT THE NEGOTIATIONS PRECEDING ITS EXECUTION OF THIS DEED <br />OF TRUST AND HAS RECEIVED THE ADVICE OF ITS ATTORNEY IN ENTERING <br />Il�1T0 THIS DEED OF TRU5T; AND THAT IT RECOGNIZES THAT CERTAIN OF THE <br />TERMS OF THIS DEED OF TRUST RESULT IN THE ASSUMPTION BY GRANTOR <br />OF THE LIABII.ITY INHERENT IN SOME ASPECTS OF THE TRANSACTION. <br />GRANTOR AGREE5 AND COVENANTS THAT IT WII,L NOT CONTEST THE <br />VALIDITY OR ENFORCEABILITY OF ANY EXCULPATORY PROVISION OF THIS <br />DEED OF TRUST ON THE BASIS THAT IT HAD NO NOTICE OR KNOWLEDGE OF <br />5UCH PROVISION OR THAT THE PROVISION IS NOT "CONSPICUOUS." <br />47. Counter�arts• Selected Le�al Descri tt� ions. This Deed of Trust may be <br />executed in any number of counterparts, each of which sha11 be deemed to be an original, and <br />a11 of which, taken together, shall be deemed to constitute one single instrument. <br />12187-5273/LEGAL 17750578.4 <br />5/1/ ]025 <br />
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