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201901174 <br />13. Right of Trustee or Beneficiary to Perform Grantor's Covenants, Etc. If Grantor <br />shall fail to make any payment or perform any act required to be made or performed hereunder, <br />Trustee or Beneficiary, without waiving or releasing any obligation or default, may (but shall be <br />under no obligation to) at any time thereafter make such payment or perform such act for the <br />account and at the expense of Grantor, and may enter upon the Mortgaged Premises or any part <br />thereof for such purpose and take all such action thereon as, in the opinion of Trustee or <br />Beneficiary, may be reasonably necessary or appropriate therefor. All sums so paid by Trustee or <br />Beneficiary and all reasonable costs and expenses (including, without limitation, reasonable <br />attorneys' fees and expenses) so incurred, together with interest thereon from the date of payment <br />or incurrence at the Default Rate, shall constitute so much additional indebtedness hereby <br />secured and shall be paid by Grantor to Trustee or Beneficiary, as the case may be, on demand. <br />Trustee or Beneficiary in making any payment authorized under this Section relating to taxes or <br />assessments may do so according to any bill, statement or estimate procured from the appropriate <br />public office without inquiry into the accuracy of such bill, statement or estimate or into the <br />validity of any tax assessment, sale, forfeiture, tax lien or title or claim thereof. Trustee or <br />Beneficiary, in performing any act hereunder, shall be the sole judge of whether Grantor is <br />required to perform same under the terms of this Deed of Trust. <br />14. After -Acquired Property. Any and all property hereafter acquired which is of the <br />kind or nature herein provided, or intended to be and become subject to the lien hereof, shall ipso <br />facto, and without any further conveyance, assignment or act on the part of Grantor, become and <br />be subject to the lien of this Deed of Trust as fully and completely as though specifically <br />described herein; but nevertheless Grantor shall from time to time, if requested by Trustee or <br />Beneficiary, execute and deliver any and all such further assurances, conveyances and <br />assignments as Trustee or Beneficiary may reasonably require for the purpose of expressly and <br />specifically subjecting to the lien of this Deed of Trust all such property. <br />15. Reserved. <br />16. Subrogation. Grantor acknowledges and agrees that Beneficiary shall be subrogated <br />to any lien discharged out of the proceeds of any extension of credit evidenced by the Notes or <br />out of any advance by Beneficiary hereunder, irrespective of whether or not any such lien may <br />have been released of record. <br />17. Events of Default. Any one or more of the following shall constitute an "Event of <br />Default" hereunder: <br />(a) an "Event of Default" (as defined therein) shall occur under the Credit <br />Agreement; or <br />(b) the Mortgaged Premises or any part thereof shall be sold, transferred, or <br />conveyed, whether voluntarily or involuntarily, by operation of law or otherwise, except <br />for sales of obsolete, worn out or unusable fixtures or personal property which are <br />concurrently replaced with similar fixtures or personal property at least equal in quality <br />and condition to those sold and owned by Grantor free of any lien, charge or <br />encumbrance other than the lien hereof; or <br />-10- <br />