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93110869
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Last modified
6/14/2006 10:53:40 AM
Creation date
10/21/2005 1:53:38 AM
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DEEDS
Inst Number
93110869
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<br />~. <br /> <br />'.,.:.-., ,- <br /> <br />^ . <br /> <br />..- <br /> <br />!93- 1108t;9 <br /> <br />substantially the manner contemplated by such plans and <br />specifications; <br /> <br />(c) To employ such cont.ractors, subcontractors, and <br />agents, architects and inspectors as shall be required <br />for said purpC3es; <br /> <br />(d) To purchase or install all or any po~tion of <br />the Equipment; <br /> <br />(e) To pay, settle or compromise all existing bills <br />and claims which may be liens against the Project, or as <br />may be necessary or desirable for the completion of the <br />Project, or for the clearance of title; and <br /> <br />(f) To execute all applications and certificates in <br />the name of the Company which may be required by any of <br />the contract documents and to do any and every act which <br />the Company might do in it.s own behalf with respect to or <br />related to the construction of the proj ect and the <br />construction, acquisition, and installation of all other <br />facilities (including the Equipment) necessary in <br />connection with the Project. <br /> <br />It is further understood and agreed that this Power of <br /> <br />Attorney shall be deemed to be a power coupled with" interest and <br /> <br />cannot be revoked. The Trustee shall also have power to prosecute <br /> <br />and defend all actions or proceedings in connection with the <br /> <br />Project and to take such actions and require such performance as it <br /> <br />deems reasonably necessary in connection with the Project. <br /> <br />In the event monies in the Construction Fund available <br /> <br />for payment of the cost of the Project should not be sufficient to <br /> <br />pay the cost thereof in full, all sums paid or incurred by the <br /> <br />Trustee to complete construction of the Building or to construct, <br /> <br />acquire, or install the facilities (including the Equipment) <br /> <br />necessary In connection with the proj ect or to complete the <br /> <br />proj ecc / shall be :cepaid by the Company together wi th interest <br />thereon from the date of payment by the '~rustee at the rate of 18 <br /> <br />18 <br /> <br />
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