|
. _ .ri� .. , �-
<br /> !' � ~�► _,. �s � " . ' � . , ,. _�_
<br /> , ,.
<br />=� --... ... .... :+m4.Y�l � ..... . - � „ -- ,. .. � ...... „���, ,
<br /> �.n��• :r. ,NY:��.a.... 'i- . _ •';YVY' - _ . ., �� . .� . # �. ."-
<br /> �' _ �r�'_�'i+n'�'«�YY.a� ♦.. .us'1•J�1P/6iD!.'.�..^.n. . �_��LJ.. . • ' .. . - .. *. . ..a�.
<br />�'.�n _-`'19w!Y�'`*'J'i��.11�n�. . . - � .4wH�r1s..5... . . �� . � .� " .. , �� .
<br /> i -
<br /> . i r� • ... . ' , '.
<br /> . ,..r,
<br /> ..
<br /> . „ ....-. . . .... � • �
<br />-,. ' . I :;�?�
<br /> �,���
<br /> ,` ., . .�9�""��.�0�� I u ��..
<br /> � J
<br /> `� storage tunks and associated contnmir+adon, if any, and to in any even�complete the �
<br />� ., remediation of each of such prior to the time that the same has a material advers� „ ���.
<br /> impact on the financial condition of the Mortgagor or mac�rially interferes with the �t�
<br /> ' use and operr�tion of the Mortgaged Premises for its intended purposes. The ,
<br /> provisions of this Section 31 shall apply to all real and personal property, without
<br /> „ limis,ation, owned or controlled by Grantor or its su6sidiaries. ,
<br /> 32. Liens Absolute, Etc. The Grantnr acknowledges and ageees that the liens '
<br /> �; and security interests hereby created are absolute and unconditional and shall not in �
<br /> � � any manner be affected or impaired by any acts or omissions whatsoever of the ,. � _
<br /> • Txustee or �eneficiary or any other holdcrs of any of the indebtsdness hereby �
<br /> secured, and without limiting the generality of the foregoin�, the lien and security y6---
<br /> I,: �
<br /> � hereof shall not be impaired by any acceptance by the Trustee or Beneficiary or any I „ � ;_ �
<br /> � other holder of any of the indebtedness hereby secured of any other security for or �«
<br /> -" guarantors upon any of the indebtedness hereby secured or by any failure, negleat or -
<br /> � omission on the part of the Trustee or Beneficiary or any other holder of any of the ., �t� : �
<br /> indebtedness hereby secured to realize upon or protect any of the indebtedness hereby �`�
<br /> .:.�;�� '
<br /> .. secured or any collateral security therefor. The lien and security hereof shaU not in ;_,F
<br /> any manner be impaired or affected by any sale, pledge, surrender, compromise,
<br /> �
<br /> ' settlement, release, renewal, extension,indulgence, alterarion, substitution, exchange, :'t �
<br /> — change in,modificadon or disposidon of any oi inC inuau�r►ess hsr��y s:,�ar�, ar of —, ' —
<br /> any collateral security therefor, or of any guaranty thereof,or of any loan agreement ;
<br /> � � executed in connection therewith. In order to realize herean and to exercise the rights •
<br /> granted Trustee and/or Bene�ciary here6y and under applicable law,there shall be no �.�� ,
<br /> ., obligation on the part of Trustee or the Beneficiary or any other holder of any of the �� ��:.�.
<br /> indebtedness hereby secured at any time to �'irst resort for payment to the obligor on �
<br /> any note evidencing any of the indebtedness hereby secured or to any guaranty of any ""�"�`"'
<br /> � of the indebtedness hereby secured or any part thereof or to resort to any other '�;;, .
<br /> collateral security, property, liens or any other rights or remedies whatsoever, and . ,7 ::
<br /> , ;'����-_
<br /> Trustes and Bene�ciary shall have the right to enforce this instrument irrespecdve of , '�"� "'���
<br /> whether or not other proceedings or steps are pending seeking resort to or reaGzation :�'''� ..
<br /> upon or from any of the foregoing.
<br /> ,
<br /> � � <�.
<br /> I ; ,..
<br /> 33. Direct and Prirnary Securiry - No Subrogation. The lien and security ,p'��
<br /> herein created and provided for stands as d'uect and primary security for the Notes "
<br /> _.$ a,
<br /> •a and the Applicadons as well as for any of the other indebtedness hereby secured. No .� `'�
<br /> i . .
<br /> .� , application of any sums received by the Trustee or Beneficiary in respect of rhe i � u�
<br />= � - Mortgaged Premises or any disposidon thereof ta the reduction of the indebtedness �
<br /> � • tiereby secured or any part thereof shall in any manner endtle Grantor to any right, i . '
<br /> tide or interest in or to the indebtedness hereby secured or any collateral security � .
<br /> �� therefor, whether by subrogation or otherwise, unless and until all indebtedness �
<br /> ! hereby secured has heen fully paid and satisfied.
<br /> .
<br /> 34. Revolving Credit Loan. The Indenture is given to secure, among other �
<br /> � „ things. a revolving credit loan and shall secure not only presently existing ;
<br /> indebtedness under the Credit Agreemenc but also future advances, whetl�er such
<br />" -21- .
<br /> , I
<br /> � „ 1 .. .. .. ._ - -•- -.- —
<br /> r �� . . . -�----._...--- � .
<br /> �� , ,
<br /> S , .
<br /> ,- . •
<br /> k � "
<br /> . ., � . .
<br /> . ,
<br /> �� .
<br /> , �v _ _ -
<br />
|