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201201590
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Last modified
3/19/2012 3:48:43 PM
Creation date
3/1/2012 8:50:41 AM
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DEEDS
Inst Number
201201590
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201201590 <br />change in any zoning or other land use classification which affects the, Property or any <br />part of it, except as permitted or required by the Loan Agreement or with Beneficiary's <br />express prior written consent in each instance. <br />(c) If all or part of the Property becomes damaged or destroyed, Grantor shall <br />or shall cause Tenant to promptly and completely repair and/or restore the Property in a <br />good and workmanlike manner in accordance with sound building practices, subject to <br />the provisions of Article 11 of the Loan Agreement. <br />(d) Grantor shall not and shall not permit Tenant to commit or allow any act <br />upon or use of the Property which would violate: (i) any applicable Laws or order of any <br />Governmental Authority, whether now existing or later to be enacted and whether <br />foreseen or unforeseen; or (ii) any public or private covenant, condition, restriction or <br />equitable servitude affecting the Property. Grantor shall not bring or keep any article on <br />the Property or cause or allow any condition to exist on it, if that could invalidate or <br />would be prohibited by any insurance coverage required to be maintained by Grantor on <br />the Property or any part of it under the Loan Agreement. <br />(e) Grantor shall not and shall not permit Tenant to commit or allow waste of <br />the Property, including those acts or omissions characterized under the Loan.Agreement <br />as waste which arises out of Hazardous Material. <br />( fl Grantor shall perform or cause Tenant to perform all other acts which <br />from the character or use of the Property may be reasonably necessary to maintain and <br />preserve its value. <br />5.7 Releases, Extensions, Modifications and Additional Securitv. From time to time, <br />Beneficiary may perform any of the following acts without incuning any liability or giving <br />notice to any person: <br />(a) Release any person liable for payment of any 5ecured Obligation; <br />(b) E�ctend the time for payment, or otherwise alter the terms of payment, of <br />any Secured Obligation; <br />(c) Accept additional real or personal property of any kind as security for any <br />Secured Obligation, whether evidenced by deeds of trust, mortgages, security agreements <br />or any other instruments of security; . <br />(d) Alter, substitute, or release any property securing the Secured Obligations; <br />(e) Consent to the making of any plat or map of the Property or any part of it; <br />(� Join in granting any easement or creating any restriction affecting the <br />Property; <br />(g) Join in any subordination or other agreement affecting this Deed of Trust <br />or the lien of it; or <br />DEED OF TRUST — Page 8 <br />#3982161 <br />
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