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201301819
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Last modified
12/31/2013 12:56:44 PM
Creation date
3/8/2013 1:17:39 PM
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DEEDS
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201301819
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201301819 <br /> assign, transfer and deliver any of the property and moneys held by such Trustee to the substitute <br /> trustee so appointed in Trustee's place. <br /> Article 17 — CROSS-COLLATERALIZATION <br /> Section 17.1. CROSS-COLLATERALIZATION. Borrower acknowledges that the Debt is <br /> secured by this Security Instrument together with those additional Security Instruments given by <br /> Borrower and/or certain Affiliates of Borrower to Lender, together with other Loan Documents <br /> securing or evidencing the Debt, and encumbering the other Individual Properties, all as more <br /> specifically set forth in the Loan Agreement. Upon the occurrence and during the continuance of <br /> an Event of Default, Lender shall have the right to institute a proceeding or proceedings for the <br /> total or partial foreclosure of this Security Instrument and any or all of the other Security <br /> Instruments whether by court action, power of sale or otherwise, under any applicable provision <br /> of law, for all of the Debt or the portion of the Debt allocated to the Property in the Loan <br /> Agreement, and the lien and the security interest created by the other Security Instruments shall <br /> continue in full force and effect without loss of priority as a lien and security interest securing <br /> the payment of that portion of the Debt then due and payable but still outstanding. Borrower <br /> acknowledges and agrees that the Property and the other Individual Properties are located in one <br /> or more States and counties, and therefore Lender shall be permitted to enforce payment of the <br /> Debt and the performance of any term, covenant or condition of the Note, this Security <br /> Instrument, the Loan Documents or the other Security Instruments and exercise any and all rights <br /> and remedies under the Note, this Security Instrument, the other Loan Documents or the other <br /> Security Instruments, or as provided by law or at equity, by one or more proceedings, whether <br /> contemporaneous, consecutive or both, to be determined by Lender, in its sole discretion, in any <br /> one or more of the States or counties in which the Property or any other Individual Property is <br /> located. Neither the acceptance of this Security Instrument, the other Loan Documents or the <br /> other Security Instruments nor the enforcement thereof in any one State or county, whether by <br /> court action, foreclosure, power of sale or otherwise, shall prejudice or in any way limit or <br /> preclude enforcement by court action, foreclosure, power of sale or otherwise, of the Note, this <br /> Security Instrument, the other Loan Documents, or any other Security Instruments through one <br /> or more additional proceedings in that State or county or in any other State or county. Any and <br /> all sums received by Lender under the Note, this Security Instrument, and the other Loan <br /> Documents shall be applied to the Debt in such order and priority as Lender shall determine, in <br /> its sole discretion, without regard to the Allocated Loan Amount for the Property or any other <br /> Individual Property or the appraised value of the Property or any Individual Property. <br /> Article 18 — STATE-SPECIFIC PROVISIONS <br /> Section 18.1. PRINCIPLES OF CONSTRUCTION. In the event of any inconsistencies <br /> between the terms and conditions of this Article 18 and the other terms and conditions of this <br /> Security Instrument, the terms and conditions of this Article 18 shall control and be binding. <br /> Section 18.2. The words "Borrower hereby absolutely and unconditionally assigns to <br /> Lender and Trustee" are hereby deleted from Section 1.2 of this Security Instrument entitled <br /> "Assignment of Leases and Rents" and the words "Borrower hereby absolutely and <br /> unconditionally assigns to Lender and Trustee, and grants to Lender and Trustee a security <br /> 79582.000016 EMF_US 44373001v1 <br />
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