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201508663
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Last modified
12/22/2015 4:45:44 PM
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12/22/2015 4:37:30 PM
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DEEDS
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201508663
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51668048.5 <br />30 <br />201508663 <br />(g) The Borrower Not a Joint Venturer or Partner. The Borrower and the <br />Lender acknowledge and agree that in no event shall the Lender be deemed to be a <br />partner or joint venturer with the Borrower. Without limitation of the foregoing, the <br />Lender shall not be deemed to be such a partner or joint venturer on account of its <br />becoming a mortgagee in possession or exercising any rights pursuant to this Mortgage or <br />pursuant to any other instrument or document evidencing or securing any of the Debt, or <br />otherwise. <br />(h) Replacement of the Note. Upon notice to the Borrower of the loss, theft, <br />destruction or mutilation of the Note, the Borrower will execute and deliver, in lieu <br />thereof, a replacement note, identical in form and substance to the Note and dated as of <br />the date of the Note and upon such execution and delivery all references in any of the <br />Loan Documents to the Note shall be deemed to refer to such replacement note. <br />(i) Waiver of Consequential Damages. The Borrower covenants and agrees <br />that in no event shall the Lender be liable for consequential damages, whatever the nature <br />of a failure by the Lender to perform its obligation(s), if any, under the Loan Documents, <br />and the Borrower hereby expressly waives all claims that it now or may hereafter have <br />against the Lender for such consequential damages. <br />(j) After Acquired Mortgaged Property. The lien hereof will automatically <br />attach, without further act, to all after- acquired Mortgaged Property attached to and/or <br />used in connection with or in the operation of the Mortgaged Property or any part thereof. <br />(k) Severability. If any provision hereof should be held unenforceable or <br />void, then such provision shall be deemed separable from the remaining provisions and <br />shall in no way affect the validity of this Mortgage except that if such provision relates to <br />the payment of principal and interest due under the Note, then the Lender may, at its <br />option declare the Debt immediately due and payable. <br />(1) Interpretation of Agreement. Should any provision of this Mortgage <br />require interpretation or construction in any judicial, administrative, or other proceeding <br />or circumstance, it is agreed that the parties hereto intend that the court, administrative <br />body, or other entity interpreting or construing the same shall not apply a presumption <br />that the provisions hereof shall be more strictly construed against one party by reason of <br />the rule of construction that a document is to be construed more strictly against the party <br />who itself or through its agent prepared the same, it being agreed that the agents of both <br />parties hereto have fully participated in the preparation of all provisions of this Mortgage, <br />including, without limitation, all Exhibits attached to this Mortgage. <br />(m) Joint and Several Obligations; Counterparts. If this Mortgage is executed <br />by more than one Borrower, (i) the obligations and liabilities of Borrower under this <br />Mortgage shall be joint and several and shall be binding upon and enforceable against <br />each Borrower and their respective successors and assigns, and (ii) this Mortgage may be <br />executed in counterparts, and all said counterparts when taken together shall constitute <br />one and the same Mortgage. <br />
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