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201305319
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Last modified
8/19/2014 2:23:28 PM
Creation date
7/2/2013 4:44:32 PM
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DEEDS
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201305319
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[The remainder of this page is intentionally left blank] <br />73 <br />201305319 <br />ARTICLE XXI <br />Special Washington Provisions <br />Section 21.1. Inconsistencies. With respect to the Property located in the state of <br />Washington, the provisions set forth in this Article shall apply to and be made a part of the <br />Mortgage. In the event of any inconsistencies between the terms and provisions of this Article <br />and the other terms and provisions of this Mortgage, or to the extent, and only to the extent, any <br />of the terms and provisions in this Article conflict with, or are ambiguous when read together <br />with, any of the other terms and provisions of this Mortgage, the provisions of this Article shall <br />govern. Capitalized words and phrases contained in this Article shall have the definition ascribed <br />to them in the main body of the Mortgage, unless the context manifestly requires otherwise. <br />Section 21.2. Property Use. Mortgagor warrants and covenants that the Property is not <br />used principally for agricultural purposes and that the indebtedness secured by this Mortgage <br />was not made primarily for personal, family, or household purposes. The indebtedness secured <br />by this Mortgage is primarily for commercial, investment or business purposes, and not for <br />personal, family or household purposes, within the meaning of RCW 19.52.080. <br />Section 21.3. Deficiency Judgment. To the extent permitted by any applicable <br />Requirement of Law, Trustee or Administrative Agent may obtain a deficiency judgment if the <br />net sales proceeds of any sale of the Property under the power of sale granted by this Mortgage <br />are insufficient to pay in full all of the obligations secured hereby. <br />Section 21.4. Oral Agreements. ORAL AGREEMENTS OR ORAL <br />COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO FORBEAR FROM <br />ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER <br />WASHINGTON LAW. <br />Section 21.5. "Capacity of Mortgagee. Notwithstanding anything to the contrary <br />herein, Grantor agrees and acknowledges that Administrative Agent is acting under this <br />Mortgage not in its individual capacity but solely as "Administrative Agent" for the Lenders <br />under the Credit Agreement. Administrative Agent agrees and acknowledges that, in its capacity <br />as the beneficiary of this Mortgage, it is solely an agent for the Lenders. As such, in the exercise <br />of the rights and duties of the mortgagee or beneficiary under this Mortgage, Administrative <br />Agent shall act solely under the control and direction of the Lenders and be expressly subject to <br />the terms of Credit Agreement." <br />
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