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202207758 <br />employed by Trustee or Lender for their services and expenses (to the extent allowed by applicable law); <br />second, to Lender, upon the usual vouchers therefor, all monies paid for insurance, taxes, lien claims, and <br />any other costs and expenses advanced or incurred by Lender to preserve or protect the Premises, and <br />interest on any of the foregoing to the extent permitted herein and allowed under applicable law; third, to <br />Lender, the amount of the outstanding Liabilities together with the interest thereon; fourth, the amount due <br />on junior encumbrances, if any, with interest; fifth, the remainder of such proceeds, if any, shall be paid to <br />Grantor. <br />20. Substitute Trustee. From time to time, Lender, in Lender's sole discretion, may elect to replace <br />Trustee, or any substitute trustee, with another Person who shall then become the trustee hereunder with all <br />of the rights and duties of Trustee. Such replacement may be made by Lender without giving notice to or <br />obtaining the consent of Grantor or any other Person; and may be effectuated by a written declaration of <br />the appointment of a new trustee signed by Lender, or as otherwise permitted by law. <br />21. Creation of Tenancy Relationship. Grantor reserves possession of the Premises as a tenant at will of <br />Trustee, at a rental of One Dollar ($1.00) per month payable on demand, until any default or event of <br />default hereunder or under any Related Agreement shall have occurred, whereupon Grantor (i) shall pay <br />monthly in advance to Lender the fair and reasonable rental value, which amount shall be determined by <br />Lender in Lender's reasonable judgment, for the use and occupation of the Premises, and (ii) upon demand <br />of Trustee, shall deliver possession of the Premises to Trustee or the purchaser at any Trustee's sale <br />hereunder. Trustee or any such purchaser may institute summary or other proceedings in such event to <br />recover possession of the Premises. <br />22. Possession of Premises. To the extent permitted by applicable law, after the occurrence of any default <br />or event of default hereunder or under any Related Agreement, Lender and Lender's agents, designees or <br />assigns are authorized to (i) take possession of the Premises, with or without legal action; (ii) lease the <br />Premises; (iii) collect all rents, issues and profits therefrom, with or without taking possession of the <br />Premises; and (iv) after deducting all costs of collection and administration expenses, apply the net rents, <br />issues and profits to the payment of Impositions, insurance premiums and all other carrying charges <br />(including, but not limited to, agents' compensation and fees and costs of counsel and receivers) and to the <br />maintenance, repair or restoration of the Premises, or on account and in reduction of the Liabilities, in such <br />order and amounts as Lender, in Lender's sole discretion, may elect. Lender shall be liable to account only <br />for rents, issues and profits actually received by it. <br />23. Expenses of Lender and Trustee. To the extent permitted by applicable law, all costs and expenses <br />paid or incurred by Lender and/or Trustee, including, without limitation, attorneys' fees, in any action, <br />proceeding or dispute of any kind in which Lender and/or Trustee is made a party or appears as a plaintiff <br />or defendant, affecting Lender, Trustee, this Deed of Trust, the other Related Documents and/or the <br />Premises, including, but not limited to, the enforcement of this Deed of Trust, any condemnation action <br />involving the Premises, any action to protect the security hereof, or any case or proceeding under Title 11 <br />of the United States Code, shall be added to and included in the Liabilities and shall be secured by this <br />Deed of Trust and, upon demand, shall be immediately due from Grantor. <br />24. Recording and Other Fees. Further Assurances. Grantor shall pay all recording and filing fees, all <br />recording taxes and all other costs and expenses in connection with the preparation, execution and <br />recordation and other manner of perfection of this Deed of Trust and any other Related Documents, and <br />shall reimburse Lender on demand for all costs and expenses of any kind incurred by or on behalf of <br />Lender in connection therewith. Grantor agrees to execute and deliver promptly such instruments and other <br />documents, and promptly to take such action or promptly refrain from taking such action, as Lender may <br />request, from time to time, to evidence, create, perfect, continue or otherwise assure Lender of the real and <br />personal property security interests granted, or purported to be granted, to or for the benefit of Lender <br />hereunder and all other rights and benefits granted, or purported to be granted, to or for the benefit of <br />Lender hereunder; all at the sole cost and expense of Grantor. <br />25. Pledge. If the Grantor is not the Borrower, then the Grantor agrees that: <br />14 <br />