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201400400
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Last modified
8/19/2014 2:25:24 PM
Creation date
1/23/2014 3:16:30 PM
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DEEDS
Inst Number
201400400
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Instrument or the other Loan Documents or in the Mortgaged Property, or any other <br />collateral given by Borrower pursuant to this Security Instrument and the other Loan <br />Documents; provided, however, that, except as specifically provided herein, any judgment <br />in any such action or proceeding shall be enforceable against Borrower and/or the Released <br />Parties only to the extent of Borrower's interest in the Mortgaged Property and in any other <br />collateral given to Lender, and Lender, by accepting this Security Instrument, the Note and <br />the other Loan Documents, agrees that it shall not sue for, seek or demand any deficiency <br />judgment against Borrower or any of the Released Parties in any such action or proceeding <br />under, or by reason of, or in connection with this Security Instrument, the Note or the other <br />Loan Documents. The provisions of this paragraph shall not, however, (a) constitute a <br />waiver, release or impairment of any obligation evidenced or secured by this Security <br />Instrument, the Note or any of the other Loan Documents; (b) impair the right of Lender to <br />name Borrower as a party defendant in any action or suit for foreclosure and sale under this <br />Security Instrument; (c) affect the validity or enforceability of any guaranty made in <br />connection with the Debt or any of the rights and remedies of the Lender thereunder; (d) <br />impair the right of Lender to obtain the appointment of a receiver; (e) impair the <br />enforcement of the Assignment; or (f) constitute a waiver of the right of Lender to enforce <br />the liability and obligation of Borrower, by money judgment or otherwise, to the extent of <br />any loss, damage, cost, expense, Iiability, claim or other obligation incurred by Lender <br />(including attorneys' fees and costs reasonably incurred) arising out of or in connection with <br />the following: <br />(i) <br />201400400 <br />the failure of Borrower to account for Lessee's security deposits, if any, or any other <br />similar payment collected from Lessee by Borrower under the Lease; <br />(ii) after notice of an uncured Event of Default and during the continuance of such Event <br />of Default, the failure of Borrower to apply 100% of any and all net income (i.e., after <br />payment of operating expenses relating to the Mortgaged Property) derived from the <br />Mortgaged Property (excluding Excepted Rights and Excepted Payments), and <br />received by Borrower, to the repayment of the Note; <br />(iii) a material misrepresentation made by Borrower, or the holders of beneficial or <br />ownership interests in Borrower, in connection with the financing evidenced by the <br />Note, this Security Instrument or the other Loan Documents; <br />(iv) any attempt by Borrower to divert or otherwise cause to be diverted any amounts <br />payable to Lender for the benefit of Lender in accordance with the Loan Documents; <br />(v) the misappropriation or misapplication of insurance or condemnation proceeds <br />obtained by Borrower relating to the Mortgaged Property; <br />(vi) any environmental matter(s) affecting the Mortgaged Property which is introduced or <br />caused by Borrower or the beneficial owner of Borrower; <br />(vii) any waste of or damage to the Mortgaged Property caused by the willful or wanton <br />acts or omissions of Borrower or its agents; <br />
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