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201210833
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Last modified
8/19/2014 2:21:38 PM
Creation date
12/19/2012 4:21:03 PM
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DEEDS
Inst Number
201210833
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(A) Use of the Trust Estate. <br />2012/0833 <br />name of the Grantor, and the Grantor hereby irrevocably appoints the Beneficiary as its attorney- <br />in -fact to take such actions, which appointment is coupled with an interest and irrevocable. <br />Section 3.11. Condemnation, Etc. In the event that the Trust Estate or any part thereof <br />shall be taken under the power of eminent domain or like power, then, unless the Beneficiary <br />otherwise consents, all proceeds and avails thereof shall be applied by the Grantor to the <br />prepayment of the Obligations (such prepayments to be applied in such order and manner as the <br />Beneficiary may, in its sole discretion, elect). <br />Section 3.12. Conflict with Deed of Trust Terms. The provisions of this Deed of <br />Trust and the Credit Agreements shall be cumulative and not mutually exclusive, <br />notwithstanding any inconsistencies. <br />Section 3.13. Environmental Representations, Warranties and Covenants. The <br />Grantor makes the following representations, warranties and covenants, all of which are subject <br />to any exceptions that the Grantor may have previously disclosed in writing to the Beneficiary, <br />and which, to the extent that they deal with representations of fact, are based on the Grantor's <br />present knowledge, arrived at after reasonable inquiry. <br />(1) The Grantor shall: (a) use, handle, transport or store Hazardous <br />Materials as defined under any Environmental Law (both as hereinafter defined); and (b) store or <br />treat non - hazardous wastes: (i) in a good and prudent manner in the ordinary course of business; <br />and (ii) in compliance with all applicable Environmental Laws. <br />(2) The Grantor shall not conduct or allow to be conducted, in <br />violation of any Environmental Law, any business, operations or activity on the Trust Estate, or, <br />except in strict compliance with applicable law, employ or use the Trust Estate to generate, use, <br />handle, manufacture, treat, store, process, transport or dispose of any Hazardous Materials, or any <br />other substance which is prohibited, controlled or regulated under applicable law. The Grantor <br />shall not use the Trust Estate in a way that poses a threat or nuisance to public safety, health or <br />the environment, or cause or allow to be caused a known or suspected release of Hazardous <br />Materials, on, under, or from the Trust Estate. <br />(3) The Grantor shall not do or permit any act or thing, business or <br />operation that poses an unreasonable risk of harm, or impairs or may impair the value of the <br />Trust Estate or any part thereof. <br />(B) Condition of the Trust Estate. <br />(1) The Grantor shall take all appropriate response actions, including <br />any removal and remedial actions, in the event of a release, emission, discharge or disposal of <br />http:// sdnpcodoc1:90 /18313721/Document Library/MTG NE Hall Co <br />NE 9/11 <br />7 <br />
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