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201607977
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Last modified
7/28/2017 10:12:25 AM
Creation date
11/29/2016 10:33:15 AM
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DEEDS
Inst Number
201607977
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2� 1 ��7977 <br /> Benef�ciary may �ncur ar sustain in the �xerc�se and performa.n.�e of its rightfu� powers and <br /> dut��s her�under, inc�uding any liabx�xty �r damages arising from the Grantor's failure to camp�y <br /> wlth any En��ranmental. Law ar the like applicable ta the Trust Estate. For such indemnity, the <br /> Benef��iary sha11 be secur�d under this I]eed of Trust xn the same manner as the �blxgatxons and <br /> a1x amounts payable under this Section shall be paad to the Beneficxary with �nterest at the rate <br /> specif�ed in Section 3.�9. The �rantor's obl�gat�ans under this S�ction sha11 sur�i�e the e�ercxse <br /> by the Benefic�ary of its ribhts and remedxes hereunder, any forec�osure �n ali or any parrt of the <br /> Trust Estate and the cance��atzon or satisfac�ion�f this Deed of Trust. <br /> Section G.�S. Trustee. <br /> (A} Subject to applicabl� law, the Trustee may resign by an �nstrument in <br /> writing addressed to �he B�nef�c�ary, �r txie Trustee may be remo�ed at any time with ar without <br /> cause by an �nstrument xn writ�ng executed by the Benefzc�ary. In case af the death, res�gna�ion, <br /> remo�al or dxsquaiif��ation �f the Trustee or xf for any reason the Beneficiary sha1X deem it <br /> d�sirab�e to appoxnt a subs�itut� �r suc�essor Trustee, then the Beneficxary sha�� ha�e the right <br /> and xs hereby authar�z�d and empow�red to appoint a successor Trus�ee, or a subst�tute Trustee, <br /> without other farmality than appointment and desxbnation in wrztxng executed by the Benef�ciary, <br /> and the auth�rity hereby conf�rred shal� extend to the appo�ntment of ather succes s�r and <br /> substitute Trustees suc�essxvely until the �rantar's obligations ha�e b�en sat�sfied under Section <br /> 6.�� her�af or unt�I the Trust Estate is so�d hereunder. Such appointmen� and designation by the <br /> Beneficxary shal� be fu1� e�idence af the right and authority to ma�e th� same and all facts <br /> therein recited. Al� references herexn sha1X be ��emed to refer to the Trustee (inc�ud.�ng any <br /> successar or substitute appointed and designated as herein provided} fr�m time t� time act�ng <br /> hereunder. Except as ath�rwise required by app�icab�e�aw, the Trustee shal� not perform any act <br /> or onut xo act hereunder unless, pri�r ta such act �r omissxon, the Beneficiary deXivers �o �he <br /> Trustee.directian to so a�t or omu.t to act. Th� Grantor hereby ratifxes and canf'xrams any and al� <br /> acts whlch the Trustee herein named or its succ�ssor �r successors, substxtute or substitutes, in <br /> thxs trust, sha11 do Iawful�y by �irtue hereof. <br /> �B} . The Trustee sha�x not be liabXe for any error af judgment or act d�ne by the <br /> Trustee xn good faith, or atherwxse be respansibXe or accauntab�e under any circumstances <br /> whatsoe�er, except for the Trustee's gross neg�xgence �r willfu� misconduct. The Trustee shal.� <br /> ha�e the right to rely upon any instrument, docum.ent ar signature authorizing or supportxng any <br /> act�on tal�en or proposed to l�e taken by xt hereunder, belie�ed by it xn good faith ta be genuine. <br /> All moneys recei�ed �y the Trust�e sha11, un�il used or applied as herein pro�ided, be held in <br /> trust for the purposes for which they were rece�wed, but need not �e segr�gated in any manne� <br /> fram any ather moneys �except t� the e�tent required by Xaw ar �y the Beneficiary}, and the <br /> Trustee shall be under no�xabiXxty for interest on any moneys received by it hereunder. <br /> �C} The Beneficxary hereby agrees to indemnify and save harmless the Trustee <br /> from and aga.�nst any �iability or damages which the Trustee may incur or sustain �n the ex�rcis� <br /> and performance af xts rights and duties hereunder, un�ess xncurred ar sustained as a resu�t of the <br /> Truste�'s gros s negligen�e or wiX�ful miscanduct. <br /> �O 1-Q�75].61-Q�� �4 <br /> F�L NE 21�9 <br />
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