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<br /> .. 3.1a Waiver. ,�;'
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<br /> � {a) No delay or omission by Trustee or Lender or by any holder of the Notes _
<br />- �, to exerclse an.y right. gowcr or rcmedy accruing upan any default shall exhaust or impair any such
<br /> , � right,power or remedy or shall be construed to be a waiver of any such default, ar acquiescence �
<br /> " �. therein, and every right,power and remedy given by this Deed of Trust to Trust�e or Lender may E;=
<br /> � be exercised from time to time and as often as may be deemed expedient by Lender. No consent
<br /> .
<br /> � or waiver expr�ssed or implied by Lender to or of any breach or default by Bonower in the =—
<br /> , performance of the obligations of Borrower hereunder shall be deemed or construed to be a
<br /> consent or waiver to or of any other breach or default in the performance of the same or any other
<br /> , � �� obligations of Borrower hereunder. Failure on the part of Lender to complain of any act or failure
<br />� to act or failure to declare an Event of Default, irrespective of how long such failure continues,
<br /> � • :�f shall not constltute a waiver by Lender of its rights hereunder or impair any rights, powers or
<br /> � ' remedies of Lender hereunder.
<br /> �
<br /> �� (b) No act or omission by Trustee or Lender shall release, discharge, modify,
<br /> � �. change or otherwise affect the original liabiliry under the Notes, this Deed of Trust, other Loan
<br /> � Documents, the Related Loan Documents or any other obligation of Borrower or any subsequent
<br /> -- purchaser oi the Collateral or any pan chereof, ur auy �iiakei, co-si�ner, endors�r, surcty or -
<br /> . �, guarantor,nor preclude Trustee or Lender from exercisin� any right, power or privilege herein
<br />. �• granted ur intended to be granted in the event of any default then existing or of any subsequent
<br /> �` default, nor alter the lien of this Deed of Trust, except as expressly provided in an instrument or `T _
<br />- instruments executed by Lender. Without limiting the generality of the foregoing, Lender may
<br />= • (i) grant forbearance or an extension of time for the payment of all or any portion of the Loan
<br />-� Obligations; (ii) take other or additional security for the payment of any of the Loan OUligations;
<br />.` (iii)waive or fail to exercise any right granted herein,in the Notes or in other Loan Documents
<br /> +� or Related Loan Documents; (iv)release any part of the Collateral from the seauriry interest or
<br />='�����`�• ��°� lien of this Deed of Trust or otherwise change any of the terms, covenants, conditions or _
<br />- � . � �-� agreements of the Notes (or any of them), this Deed of Trust or other Loan Documents or the
<br />- Related Loan Documents; (v) consent to the filing of any map, plat or replat affecting the
<br /> � Collateral;(vi)consent to the granting of any easement or other right affecting the Collateral; (vii) =;;
<br />, �:-
<br /> -.� . make or wnsent to any agreement subordinating the security title or lien her^of, or(viii)take or
<br /> omit to take any action whatsoever with respect to the Note, this Deed of Trust, the other Loan ��
<br /> 4�� � _ Documents, the Related Loan Documents, the Collateral or any document or instrument `"
<br /> _��' ""' " � evidencing, securing or in any way related to the Loan Obligations, all without releasing, _-
<br />- � � �`. discharging. modifying, changing or affecting any such liability, or precluding Lender from �:-
<br /> �` exercising any such right, power or privilege or affecting the lien of this Deed of Trust. In the --
<br /> �. event of the sale or transfer by operation of law or otherwise of all or any part of the Collateral,
<br /> '� Lender, without notice, is hereby authorized and empowered to deal with any such vendee or -
<br /> , "� vansferee with reference to the Collateral or the Loan Obligations, or with reference to any of the =
<br /> a terms, covenants,conditions or agreements hereof, as fully and to the same extent as it might deal ,.
<br /> � with the original parties hereto and without in any way releasing or discharging any liabilities,
<br /> ; obligations or undertakings of Borrower, any guarantor of the Loan Obligations or others.
<br /> �
<br /> ' 18
<br /> 489846.3
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