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202202660
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4/12/2022 4:26:50 PM
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4/12/2022 4:26:43 PM
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DEEDS
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202202660
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,2202060 <br />to a sale, transfer, closure or termination of operations associated with any foreclosure action, including, <br />without limitation, a foreclosure action brought with respect to this Mortgage. <br />(d) If Mortgagor complies with subsection (c) of this Section by obtaining a certified Remedial <br />Action Work Plan or Remediation Certification, Mortgagor shall promptly implement and prosecute to <br />completion or cause to be so implemented and prosecuted the Remedial Action Work Plan or the <br />requirements of the Remediation Certification, as the case may be, in accordance with the schedules <br />contained therein or as may be otherwise required by ISRA. Mortgagor expressly understands and <br />acknowledges that Mortgagor's compliance with the provisions of this subsection (d) may require <br />Mortgagor to expend funds or do acts after the expiration or termination of the term of one or more leases. <br />Mortgagor shall expend such funds and do such acts and shall not be excused therefrom even though the <br />term of the relevant lease shall have previously expired or been terminated and notwithstanding any <br />provisions in any such lease or in ISRA placing the burden of compliance on the tenant. <br />ARTICLE XVIII <br />f Reservedl <br />ARTICLE XIX <br />Special North Carolina Provisions <br />Section 19.1. Inconsistencies. With respect to the Property located in the State of North Carolina, <br />the provisions set forth in this Article shall apply to and be made a part of this Deed of Trust. In the event <br />of any inconsistencies between the terms and provisions of this Article and the other terms and provisions <br />of this Deed of Trust, or to the extent, and only to the extent, any of the terms and provisions in this Article <br />conflict with, or are ambiguous when read together with, any of the other terms and provisions of this Deed <br />of Trust, the provisions of this Article shall govern. Capitalized words and phrases contained in this Article <br />shall have the definition ascribed to them in the main body of this Deed of Trust, unless the context <br />manifestly requires otherwise. <br />Section 19.2. Statutory Provisions. Grantor hereby waives and releases any rights Grantor may <br />have with regard to release of liability or obligations of Grantor pursuant to N.C. Gen. Stat. Section 45-45.1 <br />(or any amendment thereto). <br />Section 19.3. Future Advances. This Deed of Trust secures all present and future advances and <br />obligations of Borrower specifically or generally identified, described or referenced in any of the Loan <br />Documents. The time period within which future advances and obligations are to be made and incurred <br />and secured by this Deed of Trust is the period between the date hereof and the date which is thirty (30) <br />years from the date hereof. The maximum principal amount, including present and future obligations, <br />which may be secured by this Deed of Trust at any one (1) time is $1,000,000,000.00, plus accrued interest, <br />fees and expenses. Any additional amounts advanced pursuant to the provisions of this Deed of Trust shall <br />be deemed necessary expenditures for the protection of the security. Borrower does not need to sign any <br />instrument or notation evidencing or stipulating that future advances are secured by this Deed of Trust. <br />Section 19.4. Waiver of Certain Rights. To the fullest extent permitted by law, the Grantor <br />expressly waives any rights of the Grantor pursuant to Chapter 26 of the North Carolina General Statutes <br />including North Carolina General Statute Sections 26-7 through 26-9 inclusive, or any similar or subsequent <br />law. <br />ARTICLE XX <br />62 <br />144646513 <br />
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