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200314370
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Last modified
10/16/2011 8:35:25 AM
Creation date
10/28/2005 4:08:19 PM
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DEEDS
Inst Number
200314370
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200314370 13 <br />exercise by Trustee or Beneficiary of the foreclosure rights, power of sale, or other rights hereby <br />created. <br />24. Remedies Not Exclusive. Beneficiary and Trustee shall be entitled to enforce <br />payment and performance of the Obligations and to exercise all rights and powers under this <br />Deed of Trust or under any of the other Loan Documents or other agreement or any laws now or <br />hereafter in force, notwithstanding some or all of the Obligations may now or hereafter be <br />otherwise secured, whether by deed of trust, Deed of Trust, security agreement, pledge, lien, <br />assignment or otherwise. Neither the acceptance of this Deed of Trust nor its enforcement, shall <br />prejudice or in any manner affect Beneficiary's or Trustee's rights to realize upon or enforce any <br />other security now or hereafter held by Beneficiary, it being agreed that Beneficiary and Trustee <br />shall be entitled to enforce this Deed of Trust and any other security now or hereafter held by <br />Beneficiary or Trustee in such order and manner as Beneficiary or Trustee may determine in its <br />absolute discretion. No remedy herein conferred upon or reserved to Beneficiary or Trustee is <br />intended to be exclusive of any other remedy herein or by law provided or permitted, but each <br />shall be cumulative and shall be in addition to every other remedy given hereunder or now or <br />hereafter existing at law or in equity or by statute. Every power or remedy given by any of the <br />Loan Documents to Beneficiary or to which either may otherwise be entitled, may be exercised, <br />concurrently or independently, from time to time and as often as may be deemed expedient by <br />Beneficiary or Trustee, as the case may be. In no event shall Beneficiary or Trustee, in the <br />exercise of the remedies provided in this Deed of Trust (including, without limitation, in <br />connection with the assignment of Rents to Beneficiary, or the appointment of a receiver and the <br />entry of such receiver on to all or any part of the Trust Property), be deemed a "beneficiary in <br />possession" or "trustee in possession ", as applicable and neither Beneficiary nor Trustee shall in <br />any way be made liable for any act, either of commission or omission, in connection with the <br />exercise of such remedies. <br />25. Multiple Security. If (a) the Premises shall consist of one or more parcels, whether or <br />not contiguous and whether or not located in the same county, or (b) in addition to this Deed of <br />Trust, Beneficiary shall now or hereafter hold or be the beneficiary of one or more additional <br />Deed of Trusts, liens, deeds of trust or other security (directly or indirectly) for the Obligations <br />upon other property in the State in which the Premises are located (whether or not such property <br />is owned by Grantor or by others) or (c) both the circumstances described in clauses (a) and (b) <br />shall be true, then to the fullest extent permitted by law, Beneficiary may, at its election, <br />commence or consolidate in a single trustee's sale or foreclosure action all trustee's sale or <br />foreclosure proceedings against all such collateral securing the Obligations (including the Trust <br />Property), which action may be brought or consolidated in the courts of, or sale conducted in, <br />any county in which any of such collateral is located. Grantor acknowledges that the right to <br />maintain a consolidated trustee's sale or foreclosure action is a specific inducement to <br />Beneficiary to extend the indebtedness borrowed pursuant to or guaranteed by the Loan <br />Documents, and Grantor expressly and irrevocably waives any objections to the commencement <br />or consolidation of the foreclosure proceedings in a single action and any objections to the laying <br />of venue or based on the grounds of forum non conveniens which it may now or hereafter have. <br />Grantor further agrees that if Trustee or Beneficiary shall be prosecuting one or more foreclosure <br />or other proceedings against a portion of the Trust Property or against any collateral other than <br />the Trust Property, which collateral directly or indirectly secures the Obligations, or if <br />Beneficiary shall have obtained a judgment of foreclosure and sale or similar judgment against <br />such collateral (or, in the case of a trustee's sale, shall have met the statutory requirements <br />053114 -1025- 08505- NY01.2330405.1 <br />
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