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200507874 <br />has no duty to disclose to Borrower any information pertaining to the other Cross - collateralized Borrowers or any <br />security for the obligations under the Loan Documents. <br />(p) Subrogation, Reimbursement and Contribution Rights. Borrower agrees that its rights of <br />subrogation and reimbursement against the other Cross - collateralized Borrowers, their rights of subrogation <br />against any other collateral or security for the obligations under the Loan Documents or the pledgor of such <br />collateral or security and its rights of contribution from any guarantor, other surety or other pledgor of collateral <br />shall be subordinate to Lender's rights against the other Cross - collateralized Borrowers, in such collateral or <br />security and against any such guarantor, surety or pledgor. Borrower shall have no such rights of subrogation, <br />reimbursement or contribution until all amounts due under the Loan Documents have been paid in full and Lender <br />has released, transferred or disposed of all of its rights in any collateral or security. Borrower waives its rights <br />under California Civil Code Sections 2847, 2848 and 2849 to the extent inconsistent with the foregoing. <br />(c) Confirmation of Waivers; the Cross - collateralized Borrowers' Obligations are Secured by Real <br />Pro e <br />(i) Borrower waives all rights and defenses that Borrower may have because the Cross - <br />collateralized Borrowers' obligations are secured by real property. This means, among other things: <br />(A) Lender may collect from Borrower without first foreclosing on any real or <br />personal property collateral for the Cross - collateralized Borrowers' obligations pledged by the <br />Cross - collateralized Borrowers or any other person; and <br />(B) if Lender forecloses on any real property collateral pledged by the Cross - <br />collateralized Borrowers or any other person: <br />(1) the amount of the Cross - collateralized Borrowers' obligations <br />outstanding may be reduced only by the price for which the real property collateral is sold at the <br />foreclosure sale, even if the real property collateral is worth more than the sale price; and <br />(2) Lender may collect from Borrower even if Lender, by foreclosing on <br />the real property collateral, has destroyed any right Borrower may have to collect from the Cross - <br />collateralized Borrowers. <br />(ii) These are unconditional and irrevocable waivers of any rights and defenses Borrower <br />may have because the Cross - collateralized Borrowers' debt is secured by real property. These rights and <br />defenses include, but are not limited to, any rights or defenses based upon Section 580a, 580b, 580d or 726 <br />of the California Code of Civil Procedure. <br />(r) Fixture Filing. The personal property in which Lender has a security interest includes goods <br />which are or shall become fixtures on the Property. This Security Instrument is intended to serve as a fixture <br />filing pursuant to the terms of the California Uniform Commercial Code. This filing shall remain in effect as a <br />fixture filing until this Security Instrument is released or otherwise satisfied of record or its effectiveness <br />otherwise terminates with respect to the Property. In that regard, the following information is provided: <br />Name of Debtor: the same as set forth for Borrower on page 1 <br />Address of Debtor: See Section 11.01 above. <br />Name of Secured Party: the same as set forth for Lender on page 1 <br />Address of Secured Party: See Section 11.01 above. <br />85 <br />