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2� 1 ��835 . S�ctio n 3.X� Letter �f C redit Ri�hts. If Indiv�dual B orr�wer i s at any t�me a beneficiar under a�etter of cred�t relating ta the pr�perties, r�ghts, titles and interests r�ferenced y in Sect�on 1.I of th�is Secur�ty Instrument n�w or hereafter 1S5L1�C� in favar of Individua� Barrower, Indi��dual Borrow�r sha�l promptly (�ut in any event on �r prior t� the date af deliver� of the quarter�y finar�cial statements requ�red ta be de�i�er�d t� Lender wzth respect ta the �uarter xn which Individua� B�rrower becomes aware �that Indiv�dua� Borr�vver is a ber�efici ary under such letter of credit} not�fy Lender thereof and, at the request and option �f Lender, Indi�idual Borrnwer shall use commercially reasonab�e efforts to obtain an agreement in form and substance reas�nably satisfactory to Lender, ��ther arrangxng for (a} the xssuer and any conf rmer of such �etter of credit to c�nsent t� an ass�gr�ment t� Lender of the proceeds af an� dra�v�ng under such �etter of cred�t or �b� Lender to be�ome the transferee benef�ciary of su�h �etter of cred�t, with Lender agr�eing, in each case that the proceeds of any drawing ur�der such letter �f credit are to be deposited inta the Cash Management Accaunt, to be applied in � ac�ordance w�th the pro��si�ns of the Loan Agre�ment. . ARTI�LE 4 - UBLI�ATI�NS AND RELIAN�ES Section 4.1 Re�ationshi of Individua� Borr�wer and Lender. Individua� Borrov��r and Lender intend that the re�atr�nsh�ps �reated hereunder and under the other Loan Documents be s��ely that of debtor and creditor. N�thing here�n or therein is �ntended to create a j oint venture, par�nership, tenancy-in-com.man, or j nint tenancy relationsh�p between Indivxdua� Borrower and L�nder nor to grant Lender any �nterest �n the Property �ther than that of mortgagee, benefic�ary or�ender. , S�ction 4.� No Re�iance on Len�ier. The genera� partners, members, principa�s and �if I�dividua� BorroWer is a trust} beneficial owners of Indi�idual Borrower ar� exper�enced �n the av�mership and operation of properties s�milar to the Pr�perty, and Individua� Borrower and Lender ar� rel�xng solely upon such expertise and bus�ness plan�n conr�ection w�th the ownersh�p and aperat�on �f the Property. Individual Borrower is not relying �n Lender's e�pertise,bus�ness acumen or advi�e �n cannection with the Prop�rty. Section 4.3 No Lender .�bli atian�. �a� N�tw�thstand�ng the provis�ons of Subsect�ans 1.1�h} and � or Sect��n 1.2, Lender �s not und�rtaking th� perfarmance �f�i� an� ob�igations under the Leases or Lease �uaranties or (��} any abligat�ons with respect to such agreements, contracts, certif cates, instruments, franchises, permits, trademarks, ��censes and other do�uments, in eith�r case, pr�or to the er�try up�n and tak�ng of actual phys�ca� poss�ss�on �f the Property by a receiver, Lender or an�on� claiming by,through ar under Lender. �b� By a�ce�ting anything required ta be observed,perfarmed or fulfil�ed or to be given tn Lender pursuant t� this Security Instrument, the Loan Agreement, the Note �r the other Loan I3o�uments, including7 vvithout ��mitat�an, any �ff�cer's �ert�f��ate, ba�ance sheet, statement of prafit and loss or other financ�a� statement, survey, ap�ra�sa�3 or Pa�icy, Lender shal� not be deemed to have warranted, consented to, �r affirmed the suffic�ency, the �ega�ity or effectiveness of same, and such a�ceptan�e there�f shail n�t ��nstitute any Warranty �r affirmat�on with resp�ct theret� by Lender. 11 �w�oRx 316�sz�4a