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19. Application of Proceeds. The proceeds of any disposition of the Property, a portion of <br />the Property, or the Personalty, whether by exercise of the Trustee's Power of Sale, foreclosure and <br />sale, repossession and sale, or otherwise, shall be applied by Lenders in the following order of priority: <br />892675/5/COLUMBUS <br />065439.00078 <br />201310005 <br />amongst the property comprising the Property. Borrower agrees that in case Lenders, <br />in the exercise of the power of sale contained herein or in the exercise of any other <br />rights hereunder given, elects to sell in parts or parcels, said sales may be held from <br />time to time and that the power shall not be exhausted until all of the Property not <br />previously sold shall have been sold, notwithstanding that the proceeds of such sales <br />exceed, or may exceed, the Obligations. <br />FIRST, to all expenses and costs of Lenders and Trustee (including fees not to exceed <br />$1000 plus 2% of the principal unpaid balance of the Notes), including reasonable attorneys' <br />fees, arising out of or attributable to the exercise or enforcement of any or all of Lenders' or <br />Trustee's rights as a secured party, including, without limitation, the rights, powers, authorities, <br />and remedies provided in this Deed of Trust <br />SECOND, to the expenses of such sale, disposition or other realization, and all <br />expenses, liabilities, and advances incurred or made by Lenders and Trustee in connection <br />therewith, and any other expenses for which Lenders and Trustee are to be reimbursed pursuant <br />to this Deed of Trust; <br />THIRD, to the payment of interest and late charges on the Notes; <br />FOURTH, to the payment of principal on the Notes; <br />FIFTH, to the payment of interest on such of the Obligations as are not evidenced by <br />the Notes; <br />SIXTH, to the payment of principal on such of the Obligations as are not evidenced by <br />the Notes; and <br />FINALLY, to Borrower, or its successors or assigns, or as a court of competent <br />jurisdiction may direct, any surplus then remaining from such proceeds. <br />20. INDEMNIFICATION. BORROWER SHALL PROTECT AND SAVE HARMLESS, <br />AND HEREBY INDEMNIFIES TRUSTEE AND LENDERS, AND THEIR RESPECTIVE <br />OFFICERS, MANAGERS, MEMBERS, DIRECTORS, SHAREHOLDERS, EMPLOYEES, AND <br />AGENTS (EACH, AN "INDEMNIFIED PARTY"), FROM AND AGAINST ALL LOSS, <br />LIABILITY, DAMAGE (WHETHER DIRECT OR CONSEQUENTIAL), OBLIGATIONS, <br />CLAIMS, DAMAGES, PENALTIES, CAUSES OF ACTION, COSTS AND EXPENSES <br />(INCLUDING WITHOUT LIMITATION REASONABLE ATTORNEYS' FEES AND EXPENSES) <br />IMPOSED UPON OR INCURRED BY OR ASSERTED AGAINST ANY INDEMNIFIED PARTY <br />ARISING OUT OF OR RELATING TO: (A) ANY "EVENT OF DEFAULT' AS DEFINED <br />HEREIN; (B) ANY BREACH OF THE "ENVIRONMENTAL PROVISIONS" SET FORTH <br />15 <br />