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201406138
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Last modified
7/20/2017 8:56:15 PM
Creation date
9/26/2014 2:35:43 PM
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DEEDS
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201406138
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��14��135 <br /> to the Secured Par�y at a place to be designated by the Secured Party which is reasonab�y <br /> can�en�ent to both parties, and (E} without limiting the pro�isions of this 5ection , apply �or <br /> instruct another Person to apply�to the �bligatians the ba�ance af any deposit a�count that is part <br /> of the Collateral. <br /> �b} Without limita.tion of those rights ar�d remedi�s, the Secured Party may, <br /> upon written notice to th� Mast�r Tenant, take, and publ�cly �r pri�ately se�l or con�ey, full right, <br /> title and interest in and to the �ollatera�, ar any part of it, in the name of the Secur�d Party andlor <br /> its designees. Subject to the terms of this Agreement, and subject to any restrictions in applicab}e <br /> law with respect to the Healthcare Assets, the Master Tenant hereby constitutes and appoints the <br /> Secured Party as its true and lawful attorn�y in fact to assign and transfer its interest in any or aIl of <br /> the ����ateral if an Event of Default accurs. This power is caupl�d with an interest and is <br /> irrevocable. <br /> �c} If any notic� is rey�ired �y law for the Secured Party to make a sale or <br /> other disposition af the �ollateral, the Secured Party and the Mas�er Tenant agre� that notice will <br /> nat be unreasanable as to time if gi�en in compliance with this Agreement ten �1�} days b�fore <br /> any sale or other disposition of the �ollateral. All reasonahle attorneys' and paralega� fees and <br /> ather legal expenses �ncurred by th� Secured Party to collect the �b�igations, to retak�, hald, <br /> prepare for sale, and to dispose of the �ollateral will be �i� payab�e to the Secured Par�y on its <br /> demand for payment, �ii}part of the �bligations, and[iii} secured by the �ollateral. <br /> �d) The Master Tenant further specifical�y agre�s that, in any exer�ise of the <br /> rights of the Secured Party under this Agreement or under any other Master L�ase Docum�nt ar <br /> Loan Document, (i� any �ombination af the Collateral andl�r any other security for the <br /> �bligat�ons rnay be affered far sale and �ii} al� of the �ollateral andlor any other security for th� <br /> �bligat�ons may be sold for one total pric�, and the proceeds of any such sa�e a�counted for in <br /> one accaunt without distin�tian amor�g the items of security or without assigning to them any <br /> proportian of such proceeds, the Master Tenant h�reb}�wai�ing the applicati�n�f any doctrine of <br /> marshaling. <br /> 11. N� WAIVER BY SECURED PARTY; �UMULATIVE RI�HTS, <br /> �a} Na vvai�er by th� Secured Par�y of any Event �f Default ar default under <br /> this Agreement or any of the other Master Lease D�cuments or any of th� other Loan Dacuments <br /> will be effect�ve unless such waiver is in writing and signed by duly authorized representatives <br /> of th� Secured Party. Na wai�er �y the S�cured Party of any E�ent of I]efault or default und�r <br /> this Agreement�r any af the other Master Lease Dacuments or any of the ather L�an Documents <br /> wi11 operate as a wai�er of any other Event of Default or default or of the same E�ent af Default <br /> or default on a future occasion. The Secured Party may delay in exercising or om�t to ex�rcise <br /> any right or remedy under this Agreement, any �ther �Vlaster Lease Documents or any of the <br /> ather Loan Documents ar by lavv �r equity pro�ided without waiving that or any past, present ar <br /> future right or remedy. All rights and remedies �f the Secured Party in this Agreement and the <br /> other Master Lease Do�umen�s or any of the ather Loan Documents will be cumulati�e, and <br /> none of these rights or remedi�s vvill be exclusive af any ather right or remedy allowed at law or <br /> Pre�ious�ersians obsolete Page'f 3 af�D form HUD-9234�-QRCF{Re�. 03113} <br />
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