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202105678
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202105678
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Last modified
7/2/2021 4:21:31 PM
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7/2/2021 4:21:30 PM
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DEEDS
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202105678
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202105678 <br />4. Limitation. Neither Lender nor any Purchaser shall be (a) liable for any act or <br />omission of Landlord or any prior landlord (including the loss or misappropriation of any rental <br />payments or security deposits); (b) subject to any credits, claims, setoffs, offsets or defenses which <br />Tenant may have against Landlord or any prior landlord; (c) bound by (or responsible for) any <br />advance payment of rent or any other monetary obligations under the Lease to Landlord in excess <br />of one month's prepayment thereof in the case of rent, or in excess of one periodic payment in <br />advance in the case of any other monetary obligations under the Lease; (d) responsible for any <br />security deposit not actually received and held by Lender or Purchaser, as applicable; (e) bound <br />by any amendment, assignment (in whole or in part), subletting, extension, renewal or modification <br />of the Lease to which Lender or Purchaser, as applicable, has not consented in writing, and any <br />attempted amendment, assignment (in whole or in part), subletting, extension, renewal or <br />modification of the Lease without such consent shall be null and void and of no force and effect; <br />(f) liable for latent and/or patent defects in the construction of the Premises; (g) liable for any <br />breach of any warranty in the Lease by Landlord or a prior landlord; (h) bound by any obligation <br />to construct any improvements or to make any payment to Tenant which was required to be made <br />prior to the time Lender or Purchaser, as applicable, succeeded to Landlord's interest; (i) bound <br />by any obligation to repair, replace, rebuild or restore the Premises, or any part thereof, in the event <br />of damage by fire or other casualty, or in the event of partial condemnation, beyond such repair, <br />replacement, rebuilding or restoration as may be required of the landlord under the Lease and as <br />can reasonably be accomplished with the use of the net insurance proceeds or the net condemnation <br />awards actually received by or made available to Lender (as successor in interest to Landlord) or <br />Purchaser; (j) required to remove any person occupying the Premises or any part thereof; or <br />(k) bound by any right of first refusal or right of first offer set forth in the Lease or any option to <br />purchase all or any part of the Premises, in each case unless such option or right has been <br />specifically consented to. Neither Lender nor any Purchaser shall be liable for any reason for <br />amounts in excess of the value of its interest in the Premises, or for consequential or punitive <br />damages of any kind. <br />5. Notice; Cure; Waivers. Tenant agrees to give prompt written notice to Lender (and <br />to any successor in interest to Lender of which Tenant has been notified) of any default of the <br />Landlord under the Lease if such default is of such a nature as to give Tenant a right to terminate <br />the Lease, reduce rent or to credit or offset any amounts against future rents. If, within thirty (30) <br />days after receipt of written notice from Tenant, Lender, at Lender's sole option, commences to <br />cure a default of Landlord under the Lease that is capable of being cured by Lender, or commences <br />to pursue any other of its remedies under the Deed of Trust and thereafter diligently pursues such <br />cure to completion, Tenant agrees not to terminate the Lease, reduce rent, credit or offset against <br />future rents, consent or acquiesce in the termination of the Lease or surrender the Premises and <br />agrees to continue to be bound by the terms of the Lease and this Agreement. As against Lender <br />and its successors in interest, Tenant hereby waives any default by Landlord which is not capable <br />of being cured by Lender in the exercise of reasonable diligence. <br />6. Payments of Rent to Lender. Tenant hereby consents to each assignment of leases <br />and rents from Landlord to Lender pursuant to the Deed of Trust and the other Loan Documents. <br />Tenant acknowledges that the interest of Landlord under the Lease is to be assigned to Lender <br />solely as security for the purposes specified in such assignment and Lender shall have no duty, <br />liability or obligation whatsoever under the Lease or any extension or renewal thereof, either by <br />virtue of said assignment or any subsequent receipt or collection of rents thereunder, unless Lender <br />3 <br />4812-7862-5775 <br />
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