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200004084
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Last modified
10/13/2011 1:38:17 PM
Creation date
10/20/2005 8:29:06 PM
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DEEDS
Inst Number
200004084
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200004084 <br />-18- <br />Trust, the Notes or otherwise, exceed the maximum amount permissible under applicable law. If, <br />from any possible construction of any document, interest would otherwise be payable in excess of <br />the maximum lawful amount, any such construction shall be subject to the provisions of this Section <br />and such document shall be automatically reformed and the interest payable shall be automatically <br />reduced to the maximum amount permitted under applicable law, without the necessity of execution <br />of any amendment or new document. If Beneficiary shall ever receive anything of value which is <br />characterized as interest under applicable law and which would apart from this provision be in excess <br />of the maximum lawful amount, an amount equal to the amount which would have been excessive <br />interest shall, without penalty, be applied to the reduction of the principal amount owing on the <br />Indebtedness Hereby Secured in the inverse order of its maturity and not to the payment of interest, <br />or refunded to Trustor or the other payor thereof if and to the extent such amount which would have <br />been excessive exceeds such unpaid principal. The right to accelerate maturity of the Notes or any <br />other Indebtedness Hereby Secured does not include the right to accelerate any interest which has <br />not otherwise accrued on the date of such acceleration, and Beneficiary does not intend to charge or <br />receive any unearned interest in the event of acceleration. All interest paid or agreed to be paid to <br />Beneficiary shall, to the extent permitted by applicable law, be amortized, prorated, allocated and <br />spread throughout the full stated term (including any renewal or extension) of such indebtedness so <br />that the amount of interest on account of such indebtedness does not exceed the maximum permitted <br />by applicable law. As used in this Section, the term "applicable law" shall mean the laws of the State <br />in which the Premises is located or the federal laws of the United States applicable to this <br />transaction, whichever laws allow the greater interest, as such laws now exist or may be changed or <br />amended or come into effect in the future. <br />7.12 WAIVER OF JURY TRIAL. IN CONSIDERATION FOR THE EXTENSION <br />OF THE LOANS TO TRUSTOR BY BENEFICIARY, TRUSTOR HEREBY EXPRESSLY <br />WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATED <br />TO THIS DEED OF TRUST OR ARISING IN ANY WAY FROM THE INDEBTEDNESS <br />HEREBY SECURED OR THE TRANSACTIONS BETWEEN TRUSTOR AND BENEFICIARY. <br />7.13 State Specific Provision. The provisions and /or remedies which are set forth on <br />Schedule 4 attached hereto and made a part hereof, if any, shall be deemed a part of and included <br />within the terms and conditions of this Deed of Trust. In the event of any conflict between the terms <br />of Schedule 4 and the remainder of this Deed of Trust, the terms of Schedule 4 shall control. <br />7.14 Entire Agreement. The Loan Documents constitute the entire understanding and <br />agreement between Trustor and Beneficiary with respect to the transactions arising in connection <br />with the indebtedness secured hereby and supersede all prior written or oral understandings and <br />agreements between Trustor and Beneficiary with respect to the matters addressed in the Loan <br />Documents. Trustor hereby acknowledges that, except as incorporated in writing in the Loan <br />Documents, there are not, and were not, and no persons are or were authorized by Beneficiary to <br />make, any representations, understandings, stipulations, agreements or promises, oral or written, <br />LEASEHOLD DEED OF TRUST 692960.5 <br />
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