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200403670
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Last modified
10/16/2011 2:51:00 PM
Creation date
10/21/2005 12:39:46 AM
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DEEDS
Inst Number
200403670
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2004036'70 <br />title and interest of Grantor therein, pursuant to power of sale or otherwise, at one or <br />more sales, as an entity or in parcels, at such time and place, upon such terms and after <br />such notice thereof as may be required or permitted by law, and in the event of a sale, by <br />foreclosure or otherwise, of less than all of the Trust Property, this Deed of Trust shall <br />continue as a lien on the remaining portion of the Trust Property; or (2) institute an <br />action, suit or proceeding in equity for the specific performance of any covenant, <br />condition or agreement contained herein or in any Loan Document; or (3) to the extent <br />permitted by applicable law, recover judgment on the Loan Agreement either before, <br />during or after any proceedings for the enforcement of this Deed of Trust. <br />(h) Make application to a court of competent jurisdiction for, <br />and obtain from such court as a matter of strict right and without notice to Grantor or <br />regard to the adequacy of the Trust Property for the repayment of the Indebtedness, the <br />appointment of a receiver of the Trust Property, and Grantor irrevocably consents to such <br />appointment. Any such receiver shall have all the usual powers and duties of receivers in <br />similar cases, including the full power to rent, maintain and otherwise operate the Trust <br />Property upon such terms as may be approved by the court, and shall apply such Rents in <br />accordance with the provisions of Section 5.7 hereof. <br />(i) Exercise all other rights, remedies and recourses granted <br />under the Loan Documents or otherwise available at law or in equity. <br />Section 5.2 Separate Sales. The Trust Property may be sold in one or <br />more parcels and in such manner and order as Trustee in its sole discretion may elect; the <br />right of sale arising out of any Event of Default shall not be exhausted by any one or <br />more sales. <br />Section 5.3 Remedies Cumulative, Concurrent and Nonexclusive. <br />Beneficiary and Trustee shall have all rights, remedies and recourses granted in the Loan <br />Documents and available at law or equity (including the UCC), which rights (a) shall be <br />cumulated and concurrent, (b) may be pursued separately, successively or concurrently <br />against Grantor or others obligated under the Loan Documents, or against the Trust <br />Property, or against any one or more of them, at the sole discretion of Beneficiary or <br />Trustee, as the case may be, (c) may be exercised as often as occasion therefor shall arise, <br />and the exercise or failure to exercise any of them shall not be construed as a waiver or <br />release thereof or of any other right, remedy or recourse, and (d) are intended to be, and <br />shall be, nonexclusive. No action by Beneficiary or Trustee in the enforcement of any <br />rights, remedies or recourses under the Loan Documents or otherwise at law or equity <br />shall be deemed to cure any Event of Default. <br />Section 5.4 Release of and Resort to Collateral. Beneficiary may <br />release, regardless of consideration and without the necessity for any notice to or consent <br />by the holder of any subordinate lien on the Trust Property, any part of the Trust Property <br />LA/975395.1 10 <br />
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