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<br /> accordance with their rights and remedies in respect of the renl property, in which "+t
<br /> � event the default provisions of the Uniform Commercinl Cade shall not apply. The ; ��;
<br /> ^ part.ies agree that in the event Trustee and/or Beneficiary elect to praceed with respect ;
<br /> � to collateral constituting personalty or fixtures separately from the real property,ten
<br /> . (10) days' notice of the sale of such collateral shall be reasonable notice. This I
<br /> Indenture cvnstitutes a financing statement. I
<br />� " � � 46. Disconeinuance of Action. Beneficiaay may from time to time, if I
<br /> , pernutted by law, take action to recover any supns,whether interest, principal or any , . . . ,
<br /> other obligauon or sums, req�ired to be paid under this Indsnture, the Notes, the � " ��r"
<br /> Applications or the Credit Agreement as the same become due, without prejudice to I � ��
<br /> , the right of Trustee or Beneficiary thereafter to bring an action of foreclosure, or any � �
<br /> other action,for a default or defaults by Grantor existing when such earlier action � " 'r
<br /> was cornmenced. If Bene�ciary or Trustee shall have proceeded to enforce any right � " ' �,�►►
<br /> � under this �ndenture, the Notes, the Applications or the Credit Agreement and such , ""'
<br /> , proceedings shall have been discondnued or abandoned for any reason, then in every . � ����j��
<br /> „- such case Grantor, 'I�ustee and Beneficiary shall be restored to their former posidons � :%
<br /> � and the righu, remedies and powers of all parties hereto shall continue as if no such = :.�Q
<br /> proceedings had been taken. � •
<br /> �• 47. SubstiPute Trustee. Trustee,or any substitute Trustee, may be removed at �
<br /> any time�vith ar without cause,at the opuon of Beneficiary,by written declaradon of i ,s` „ ��
<br /> • suc h remova l signe d by Bene ficiary an d du ly recor d e d in t he same recor ds as t his � '' � �.�
<br /> � � Indenture and by compliance with any other requirements of applicable law. If at any I , ..-��
<br /> time Trustee or any substitute Trustee should be so removed,die, or refuse, fail or be � �� �
<br /> unable to act as such Trustee or substi4ute Trustee. Bene�ciary may appoint any ;, -"•' �'
<br /> , person as substitute Trustee hereunder, without any formality other than a written � �� '
<br /> declaration of such agpointment executed by Beneficiary and duly recorded in the � .. � '
<br /> ' same records as this Indenture; and immediately upon such appointment,the substitute ����?""^:'
<br /> Trustee so appointed shall automaucally become vested with all the estate and title in � �
<br /> the Martgaged Premises, and with all of the rights, powers, privileges, authority, i
<br /> �� options and discretions, and charged with all of the duties and liabilities, vested in or ��
<br /> imposed upon Trustee by this Indenture, and any conveyance executed by such ' • `P
<br />, . subsdtute Trustee, including the recitals therein contained,shall have the same effect � , ';,
<br /> . , and validity as if executed by Trustee. l ���
<br />_ _ � � ��
<br />_ �8. Indemrai�cation Against ,Liabiliries. Grantor will protect, indemnify, � �
<br /> . save harmless and defend Trust�e and Beneficiary from and against any and all �
<br /> �
<br />� , liabilit�es,obligation�s,claims,damages,penalties, cau�es of action,costs and expenses � .
<br /> (including, without limicaaon, reasonable attorneys'fees and expenses) imposed upon �
<br /> �; or incurred by or asserted against Beneficiary and/or Txustee by reason of (a) �
<br /> ` ownership of an interest in the Mortgaged Premises, (b) any accident or injury to or ' �
<br /> � death of persons or loss of or damage to or loss of the use of property occurring on ;
<br /> '� or about tt-ie Mortgaged Premises or any part thereof or the adjoining sidewalks,
<br /> curbs, vaults and vault spaces, if any, streets, alleys or ways, (c) any use, non-use or i _
<br /> , condition of the Nlortgaged Premises or any part theseof or the adjoining sidewalks,
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