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201310005
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Last modified
8/19/2014 2:25:05 PM
Creation date
12/27/2013 3:47:37 PM
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DEEDS
Inst Number
201310005
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892675 /5 /COLUMBUS <br />065439.00076 <br />23. Miscellaneous. <br />17 <br />201310005 <br />herein, and no implied covenants or obligations shall be imposed upon Trustee; (2) no <br />provision of this Deed of Trust shall require Trustee to expend or risk its own funds, or <br />otherwise incur any financial obligation in the performance of any of its duties hereunder, or in <br />the exercise of any of its right or powers, if it shall have grounds for believing that the <br />repayment of such funds or adequate indemnity against such risk or liability is not reasonably <br />assured to it; (3) Trustee may consult with counsel of its own choosing and the advice of such <br />counsel shall be full and complete authorization and protection in the respect of any action <br />taken or suffered by it in good faith and reliance thereon; (4) Trustee shall not be liable for any <br />action taken by it in good faith and reasonably believed by it to be authorized or within the <br />discretion or rights or powers conferred upon it by this Deed of Trust; (5) Trustee shall not be <br />responsible for the payment of any unpaid taxes on the Property due and owing at the time of <br />the sale of all or any part of the Property pursuant to the procedures set forth herein. <br />c. Successor Trustee. Lenders may from time to time appoint a successor to any <br />Trustee named herein pursuant to the applicable provisions of law of the state where the <br />Premises is located. Upon such appointment, the successor shall be vested with all title, powers <br />and duties conferred upon Trustee herein. <br />22. Prohibition On Transfer; Due on Sale. If, without the Lenders' prior written consent: <br />(i) the Property or any part thereof or any interest in the Property or Borrower, including beneficial <br />interests, is sold, transferred, assigned, leased or conveyed, whether voluntarily, involuntarily or by <br />operation of law; (ii) title to the Property or any interest therein is divested; or (iii) the Property or any <br />ownership interest in Borrower, including direct or indirect beneficial interests, is further encumbered, <br />mortgaged or pledged, Lenders shall, at its sole discretion, be entitled to accelerate the Notes and <br />declare the then unpaid principal balance and all accrued interest and other sums due and payable under <br />the Notes and all other Obligations to be immediately due and payable and exercise all remedies <br />available to Lenders under the Loan Documents. Any change in the legal or equitable title of the <br />Property, or in the beneficial ownership of the Property, whether or not of record, and whether or not <br />for consideration; any merger, consolidation, reorganization or business combination with or by <br />Borrower; pledge, assignment or encumbrance of any member's interest in Borrower; or change in the <br />control or beneficial ownership of the Borrower, shall be deemed a transfer of an interest in the <br />Property for the purposes of this paragraph which is prohibited hereby. <br />a. Notices. Any notice under this Deed of Trust shall be in writing and shall be <br />effective when actually delivered, or when deposited with a nationally recognized overnight <br />courier, or, if mailed, shall be deemed effective when deposited in the United States mail first <br />class, certified or registered mail, postage prepaid, directed to the party or parties at its or their <br />respective addresses set forth above. Any party may change its address for notices under this <br />Deed of Trust by giving formal written notice to the other parties, specifying that the purpose of <br />the notice is to change the party's address. Borrower agrees to keep Lenders and Trustee <br />informed at all times of Borrower's current address. <br />
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