Laserfiche WebLink
-25- <br />U, <br />f <br />. `89�= ��.0��8� <br />• <br />e.6 Bo Implied Waivers. -Beneficiary shall not be ; <br />deemed to have waived any provision, of any Loan Document unless <br />such waiver is in writing and is signfd. by Beneficiary. Without <br />limiting the generality of the preceding sentence, neither. <br />.+_�f: _ ar.•on ancw nr_ inv aivsent with= kzknarledg of <br />default by Grantor, nor. any . fAilure by Beneficiary. to exercise <br />. <br />saY. remedy. following_ a d0fatu :t by Grantor stall.- be deemed a <br />' waiver of such defaults and no waiver by Beneficiary <br />particular default on 'the pant of Grantor shall be.. deemed a <br />warmer of any other default or of any similar default in the.. <br />future. <br />: CS. lb third Party' R�igbts. No person shall tie a third .: ;: <br />party, biK*ficiary of , any provision of any of the Loan.; <br />Dttcumente� All provisions.. of the Loan Documents , favoriV-%r <br />t: <br />:nefieiary are .intruded .solely for 'the benefit.. gf:::.#i�+sace�ts <br />:. <br />. and no third party shall be entitled to' assitmo pr;: xpett ;that <br />y,, <br />Beneficiary will not waive or consent to modific,tcir::'of as such <br />, <br />' provision in Beneficiary's sole discretion. <br />7 8.6 :fj�eservation of Liability and. :"iority. Wi0out <br />affecting the: li: ility of Grantor or of any other person (eattept <br />a person .:expr�"Iy releatsed in writing) for payment and ppeer m =-� <br />sauce of :: at;l:` :de", the Secured obligations, and without affect3�ng. <br />enefic any with respect to any, °. �ecutity:.. <br />the . <br />,.B <br />' ressly rele< d in writing#. and without impais.i:r in ,ems .;...way <br />too priority of -.: this Dead of:: Trust over the i.dt+�t fists o� any <br />" <br />person acquired'ot first,.evidenced by recording subsequent to the. <br />seconding hereof, Beneficiary may, either before ' of after the <br />*&turity of the Note, and without notice or consent: (a) release. <br />any person liable for payment or performance of all or any part <br />of the Secured Obligations; (b) make any agreement, altering the <br />terms of payment or performance of all or any of 'the Secured <br />obligations; (c) exercise or refrain from exercisiAg, or waive, <br />any right or remedy which Be.* ficiary may have undet any of the <br />Loan Documents; (d) accept ad4i.tional security of any kind for <br />any of the Secured Obligations; or (e),release or otherwise-deal <br />with any real or personal property seaurin�..: -the Secured <br />4v <br />Obligations. Any person acquiring or record Lag done of any <br />" interest of any nature in the Property, the. Chattels, or the <br />'> <br />Intangible Personalty shall be- deemed, by aeg4xiring such interest <br />or recording any evidence ther4of, to have a►gree4 and. consented <br />to any or all such actions by Raftefi6i'aty. <br />8.7 Subrogation of feeneficiary. Beneficiary shtil be <br />"iurrogated to the lien of any previous encumbrance. discharged <br />x <br />with funds advanced by Beneficiary under the Loan Documents, <br />regardless of whether such previous encumbrance has been released <br />" 'of record. <br />-25- <br />U, <br />f <br />