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99109393
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Last modified
3/13/2012 7:27:52 PM
Creation date
10/21/2005 12:49:29 AM
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DEEDS
Inst Number
99109393
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99 1U93 � 3 <br /> C. Bankruptcy: Stay of Collection. The parties agree that <br /> because of the extreme financial importance to Lender of this <br /> transaction, Lender will be irreparably harmed by any stay of its <br /> collection efforts or the exercise of its remedies under the <br /> Trust Deed. <br /> D. Bankruptcy: Reorganization of Borrower. The parties <br /> agree that in the event a plan of reorganization is proposed <br /> under Chapter 11 of the Bankruptcy Code of 1978, the plan will be <br /> fair and equitable to Lender, as a secured creditor, only if <br /> Lender realizes under the plan the indubitable equivalence of its <br /> interests in the Property. The term ��indubitable equivalent" in <br /> such context shall have the same meaning as previously set forth <br /> herein. <br /> 18 . Americans with Disabilities Act . <br /> A. Borrower understands that the Property is subject to the <br /> Americans with Disabilities Act (hereafter '�ADA") . Borrower <br /> agrees to keep the Property in compliance with the ADA. If the <br /> Property is later remodeled or altered while this trust deed is <br /> in effect, the Borrower shall have the work performed so that it <br /> complies with the ADA. Borrower shall furnish to Lender, if <br /> requested, a written opinion from a licensed architect that the <br /> remodeling/alterations comply with the ADA. <br /> B. Borrower hereby warrants and represents to Lender that <br /> there are no pending or threatened claims by the Department of <br /> Justice or third parties relating to the act . <br /> C. Borrower hereby agrees to indemnify and hold harmless <br /> the Lender, its directors, officers, employees and agents, and <br /> any successor to Borrower' s interest, from and against any and <br /> all claims, damages, losses and liabilities arising in connection <br /> with the violation of the ADA while the Borrower is in control of <br /> the Property. <br /> 19 . Miscellaneous Provisions . <br /> A. Borrower Not Released. Extension of the time for <br /> payment or modification of amortization of the sums secured by <br /> this Trust Deed granted by Lender to any successor in interest of <br /> Borrower shall not operate to release, in any manner, the <br /> liability of the original Borrower and Borrower' s successors in <br /> interest . Lender shall not be required to commence proceedings <br /> against such successor or refuse to extend time for payment or <br /> otherwise modify amortization of the sums secured by this Trust <br /> Deed by reason of any demand made by the original Borrower and <br /> Borrower� s successors in interest . <br /> B. Lender� s Powers . Without affecting the liability of <br /> any other person liable for the payment of any obligation herein <br /> mentioned, and without affecting the lien or charge of this Trust <br /> Deed upon any portion of the Property not then or heretofore <br /> released as security for the full amount of all unpaid <br /> obligations, Lender may, from time to time and without notice (i) <br /> release any person so liable, (ii) extend the maturity or alter <br /> any of the terms of any such obligations, (iii) grant other <br /> indulgences, (iv) release or reconvey, or cause to be released or <br /> reconveyed at any time at Lender' s options any parcel, portion or <br /> all of the Property, (v) take or release any other or additional <br /> security for any obligation herein mentioned, or (vi) make <br /> compositions or other arrangements with debtors in relation <br /> thereto. <br /> C. Forbearance by Lender Not a Waiver. Any forbearance by <br /> Lender in exercising any right or remedy hereunder, or otherwise <br /> afforded by applicable law, shall not be a waiver of or preclude <br /> the exercise of any such right or remedy. The procurement of <br /> insurance or the payment of taxes or other liens or charges by <br /> Lender shall not be a waiver of Lender' s rights to accelerate the <br /> maturity of the indebtedness secured by this Trust Deed. <br />� 10 .... <br />
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