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200403313
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Last modified
10/16/2011 2:28:03 PM
Creation date
10/21/2005 12:27:42 AM
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DEEDS
Inst Number
200403313
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200403313 is <br />or any part of the Mortgaged Property and Grantor waives any objections to the commencement <br />or continuation of a foreclosure of this Deed of Trust or exercise of any other remedies hereunder <br />based on such other proceedings or judgments, and waives any right to seek to dismiss, stay, <br />remove, transfer or consolidate either any action under this Deed of Trust or such other <br />proceedings on such basis. Neither the commencement nor continuation of proceedings to sell <br />the Mortgaged Property in a trustee's sale, to foreclose this Deed of Trust, nor the exercise of <br />any other rights hereunder nor the recovery of any judgment by Beneficiary or the occurrence of <br />any sale by the Trustee in any such proceedings shall prejudice, limit or preclude Beneficiary's <br />right to commence or continue one or more trustee's sales, foreclosure or other proceedings or <br />obtain a judgment against (or, in the case of a trustee's sale, to meet the statutory requirements <br />for, any such sale of) any other collateral (either in or outside the State in which the Premises are <br />located) which directly or indirectly secures the Obligations, and Grantor expressly waives any <br />objections to the commencement of, continuation of, or entry of a judgment in such other sales or <br />proceedings or exercise of any remedies in such sales or proceedings based upon any action or <br />judgment connected to this Deed of Trust, and Grantor also waives any right to seek to dismiss, <br />stay, remove, transfer or consolidate either such other sales or proceedings or any sale or action <br />under this Deed of Trust on such basis. It is expressly understood and agreed that to the fullest <br />extent permitted by law, Beneficiary may, at its election and due to the extent permitted by <br />applicable law, cause the sale of all collateral which is the subject of a single trustee's sale or <br />foreclosure action at either a sale or at multiple sales conducted simultaneously and take such <br />other measures as are appropriate in order to effect the agreement of the parties to dispose of and <br />administer all collateral securing the Obligations (directly or indirectly) in the most economical <br />and least time - consuming manner. <br />26. Successors and Assigns. All covenants of Grantor contained in this Deed of Trust <br />are imposed solely and exclusively for the benefit of Beneficiary, and Trustee and their <br />respective successors and assigns, and no other person or entity shall have standing to require <br />compliance with such covenants or be deemed, under any circumstances, to be a beneficiary of <br />such covenants, any or all of which may be freely waived in whole or in part by Beneficiary or <br />Trustee at any time if in the sole discretion of either of them such a waiver is deemed advisable. <br />All such covenants of Grantor shall run with the land and bind Grantor, the successors and <br />assigns of Grantor (and each of them) and all subsequent owners, encumbrancers and tenants of <br />the Mortgaged Property, and shall inure to the benefit of Beneficiary, Trustee and their <br />respective successors and assigns. Without limiting the generality of the foregoing, any <br />successor to Trustee appointed by Beneficiary shall succeed to all rights of Trustee as if such <br />successor had been originally named as Trustee hereunder. The word "Grantor" shall be <br />construed as if it read "Grantors" whenever the sense of this Deed of Trust so requires and if <br />there shall be more than one Grantor, the obligations of the Grantors shall be joint and several. <br />27. No Waivers, etc. Any failure by Beneficiary to insist upon the strict performance <br />by Grantor of any of the terms and provisions of this Deed of Trust shall not be deemed to be a <br />waiver of any of the terms and provisions hereof, and Beneficiary, notwithstanding any such <br />failure, shall have the right thereafter to insist upon the strict performance by Grantor of any and <br />all of the terms and provisions of this Deed of Trust to be performed by Grantor. Beneficiary <br />may release, regardless of consideration and without the necessity for any notice to or consent by <br />the beneficiary of any subordinate deed of trust or the holder of any subordinate lien on the <br />Mortgaged Property, any part of the security held for the obligations secured by this Deed of <br />509265 -1023- 02729- NY02.2352389.1 <br />
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