|
2� 17��735 �
<br /> ar�d po�vers grant�d to �t under the ternr�.s of�ts receiversh��� s�al� ha�e a�l the rig�ts and pawers
<br /> granted the Bez�e�c�ary hereunder �r�clud�ng the r�gh� to the possessi�r� �f the Trust Estate, ta
<br /> collect the rents, ir�came and profits therefram and atherw�se dea� �vith and manage the Trust
<br /> Estate and apply suc� rents, in�ome and prof ts to the pa�rmer�t of ta�es, assessments, �nsurance
<br /> prern�ums and e�pe�d�tures far the ma�.agern.ent, repair and Upkeep af th�e Trust Esta�e, t� the
<br /> perforr�nanc� of land�ord's ob�igations under any��ases and t�t�e �b�igations, ali w�thout wa�ver
<br /> af the po�ver�f sale or any other rights.
<br /> Se�t��n 5,U9. Due []n Sale �r Mortgaging, Et�. In the �vent of: �a� a sa�e,
<br /> con�eyance, trar�sfer, p�edge, grant of a security interest ir�, hypothecatior�, or encumbrance af�i}
<br /> the Trust Estate, or any part thereof, �11� a�1y nWri�rS�11�] I�l��r�5� 111 Gr�.�l�n� �r ar1�T e�1tl� W�11C�1
<br /> o�n.s, d�rectly ar ��.directly, an int�rest in Grantor at any level of the o�vnersh�p stru�ture, �ii�� all
<br /> or a substa�t�a� part of Grantar's assets, or ��v) �r�y Col�ateral or any interest there�n texcep� as
<br /> permitted by Section 4.fl1[B� abnve� �v�v�hether �rz o�.e transacti�n or �n a ser�es �f transactions� to
<br /> any ather person or ent�ty; �b�the �iquidation, dissolutian or suspens�on af business operat�or�s by
<br /> �rar�tor; or (c) the merger or consalidation of �rantor inta an� person or entity, in each case
<br /> �rithout the prror �vrit�e�. approva� of�enefic�ary or atherv��se as per.r�.�tted by the I�.�tial Cred�t
<br /> Agreerr�ent, then at the so�e optian of the Benefic�ary, the Beneficiary rnay dec�are t�e ent�re
<br /> �bligatior�s due and payable ir�fu�l and cal� for pa�ment of the same ir�fu�l at nnce. �rantor vvil�
<br /> not �n any mar�r�er transfer any propert� �ithaut pr�or or present receipt of fu�l and adequate
<br /> consid�ratian.
<br /> ARTICLE VI.
<br /> P�SSESSI�N UNTIL I]�FAUI1'T; SATISFA�TI�N
<br /> Secti�n �.01. Passession Until I]efault. Unt�l one ar more Events of Default sha��have
<br /> accurred a�d be cant�nu�ng,the Grantor shal� be perrni�ted to retain actual possess�on of the Trust
<br /> Estate, and to manage, operate and use the same and ar�y par� �hereof, �vith the rights and
<br /> franchises apper�a�r���.g thereto, �nclud�ng, v��t�out Iim�tation, ta �allect, receive, ta�e, use and
<br /> enjoy the rents, revenues, issues, earr�i�gs, income, products, prof�ts and proceeds thereof or
<br /> ther�from, subject to the prov�sior�s of th�s Deed of Trust.
<br /> Section �.��. Sat�sfact��n. Upon Payment In Ful� �as defined ir� the Iriit�al �red�t
<br /> Agreement} of�he �bligations, a�� proper�y, r�g�ts and interest hereb� �onveyed or assigned or
<br /> p�edged �hall, upon the written request of the Grantor, re�er�to the Grantor and the �stat�, right, .
<br /> title and interest of the Be�.ef�ciary shall thereupon cease, detez-�mi�.e a�.d become vn�d. Upon
<br /> �vritten request of t�e Benef�ciary stating that aI1 sums secured herelay have been pa�d and upan
<br /> surrer�der af th�s Deed of Trust ar�d an� r�ote to the Trustee for cancellation ar�d retent�o� and
<br /> upan payment by t�Ze Beneficiary of the Trustee's fees, the Trustee shal� reconvey to the
<br /> Benefciary, ar�he pers�n or persor�s lega��y entit�ed thereto, without�varrant�, an�p�rtion of the
<br /> Trust Estate then held hereu�der. The recitals xn such reconveyance af ariy�.at�ers or facts shal�
<br /> be conc�usive proaf �f the truthfulness thereof. The grantee �n any recon�eya�.ce may be
<br /> descr�bed as"the persan or persons legal�y er�titled thereto."
<br />
|