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��14��159
<br /> Sectio� 14.7 En�e A�reement. The Note, the Loan Agre�ment, this Security
<br /> Inst�ment and the �ther Loan Do�uments �on�titute th� entire understanding and agreernent
<br /> betvveen Borr�wer and Lend�r �vith resp�ct to the transact�ons arisir�� in c�nne�t�on with the
<br /> Debt an� supersetie a�� pri�r written ar aral understaridings and agreements betw�en Barrow�r .
<br /> and Lender with resp�ct thereto. B�rr�wer hereby acknowledges that, exc�t as incorp�rat�d in
<br /> �v�riting in the I�ate; the Loan Agreement, this Se�urity Instrument and the other I..�an
<br /> I3acuments, there are not, and wer� not, and no Persor�s are or w�re authorized by Lender ta
<br /> make, any repr�sentations, understandings, stipulati�ns, agreements or pramises, ora� or�written,
<br /> with r�sp�ct to the firansaction wh��h is the subject �f �he �Tote, t�ie Laan Agr�ement, this
<br /> S�curity Instru.ment and the�ther Loan Documents. � . . .
<br /> Se�t�on 14.8 Lim.itation �n Lender's Res�onsibil�`�. No pro�ision of this �
<br /> ���m��mm�n.nm�nninn -- --rir�rrr■
<br /> Se�ur�ty Instrument shall operate t� plac� any obl�gat�on or liability for the �ntrol, car�,
<br /> manag�ment or repair of the Praperty upon Lender, nar sha�l it ���rate ta make Lender
<br /> � r�spons�b��or liab��f�r any waste committed on the Pr�perty by the t�nants�a�any other Persan,� . ..
<br /> �r for any dangerous or defectiv� c�ndition of the Property, �r for any n�g�igerice in the
<br /> management, upke�p, repaiar or contral �f the Property resulting�n loss�r injury or death to any -
<br /> tenar�t, license�, emplaye� �r stranger, in any case px�or ta the �ntry upon and taking af actual
<br /> phys�cal poss�ssion of the Fr�perty by a recei�er, L�nder or anyone c�aim�ing by, through�or
<br /> under Lender. Nothing�erein contained sha�l be construed as constitut�.ng Lender a"martgagee
<br /> in p�ssession." � � �
<br /> A�t'�ICL� 15 -DEED�l�'TRUST PR�VISI�NS
<br /> Sectian 15.1 Concernin the '�'rustee. If direc��d by�Len�er to farec�ose. the -
<br /> �i�n arid security interest �f this Security Instrument, Tru�tee will either�ersona��y or by agent
<br /> give nat�ce �f the fareclosure sa�e a.s requ�red by the state �aw as then in eff`ect and se�� and.
<br /> conve}�a�� or part of the Property"AS IS"to th�highest bidd�r for cash with a special waxranty�
<br /> binding It�div�dual Borrower, �ubject t� the Permitted Encum�rances and wi�hout repr�s�ntati�r�
<br /> or vvarranty, �xpress or imp�ied by Trustee. Truste� shal� pay �ram the �roc�eds of the sa�e, in �
<br /> th�s �rder �a}expenses of forecl�suare; �b}to Lender, the fu�� am�unt �f principa�, in�erest, � .
<br /> reasanable and documented attorney's fe�s, axad other charges due and unpaid; (c} any am�unts
<br /> r�quired by law to �e pa�d befare payment t� Ind�vidual Barrower a.nd �d) to �idi�idua� �
<br /> Bonrow�r, any balance. Tru.stee sha�l be under na duty to take any acti�n her�under exce�t as �-
<br /> expressly r�quired hereurider or by law, ar to perf�rm any act whi�h would inv���� Tnistee in� .`�
<br /> any e�p�ns� ar liability or to isast�tut� or defend any su�t in respect �her�af, uz�ess properly �
<br /> �ndemnified to Trustee's� reasonable satisfaction. Trust�e, by accerptar�ce af this Security
<br /> �nst�v�ment, �v�nants to per�orm and fulfil� the trusts he�reir� created,being Iiable, howe�er, �nl�
<br /> for bad fa.�th, grass neg�igence or w��lful nusc�nduct, and hereby wai�es any statutory f�� a�nd
<br /> agrees ta accept cnmmercially reasonab�e compensation, iri tieu th�reof, for any ser�ices �
<br /> _ �
<br /> rendered by Trust�e �n ac�ordance w�ith the tenn.s her�of. Truste�rnay res�gn at any time up�n�
<br /> ga�ing thirty �3�} days' not�ce� to Indi�idual Barr�wer and to Lender. Lender may remo�e _
<br /> "�rustee at any tim� or fr�m time to time ar�d se�eet a succes�or-trustee, �r�v�ded such success�r �
<br /> . ,
<br /> truste.� shal,� agr� to wai�e any statutory fee and shall a�ree t� accept camrnercially reasoriable
<br /> compensat�an, �n lieu, t�ereof. In th� ��ent of the death, removal, resigmation, refusal t� act, or_•
<br /> 1073i St.U4-NYCSRD3A-M5W
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