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- 16 - ARTICLE 4 200512344 Defaults; Remedies Section 4.01. Defaults. If any Event of Default (herein, a "Default") under the Credit Agreement shall occur and be continuing and, as more particularly provided in the Credit Agreement, the principal of and accrued interest on the Loans and all other Obligations under the Credit Agreement shall be declared, or become, due and payable, then the obligations of the Trustor under the Credit Agreement shall become due and payable, without presentment, demand, protest or other formalities of any kind, all of which have been waived pursuant to the Credit Agreement. Section 4.02. Default Remedies. (a) Remedies Generally. If a Default shall have occurred and be continuing, this Deed of Trust may, to the maximum extent permitted by law, be enforced, and the Trustee or the Beneficiary may exercise any right, power or remedy permitted to them hereunder, under the Credit Agreement or under any of the other Loan Instruments or by law, and, without limiting the generality of the foregoing, the Trustee or the Beneficiary may, personally or by their respective agents, to the maximum extent permitted by law: (i) enter into and take possession of the Trust Estate or any part thereof, exclude the Trustor and all persons claiming under the Trustor whose claims are junior to this Deed of Trust, wholly or partly therefrom, and use, operate, manage and control the same either in the name of the Trustor or otherwise as the Trustee or the Beneficiary shall deem best, and upon such entry, from time to time at the expense of the Trustor and the Trust Estate, make all such repairs, replacements, alterations, additions or improvements to the Trust Estate or any part thereof as the Beneficiary may deem proper and, whether or not the Trustee or the Beneficiary has so entered and taken possession of the Trust Estate or any part thereof, collect and receive all Rents and apply the same to the payment of all expenses that the Trustee or the Beneficiary may be authorized to make under this Deed of Trust, the remainder to be applied to the payment of the Obligations until the same shall have been repaid in full; if the Trustee or the Beneficiary demands or attempts to take possession ofthe Trust Estate or any portion thereof in the exercise of any rights hereunder, the Trustor shall promptly turn over and deliver complete possession thereof to the Trustee or the Beneficiary, as the case may be; and (ii) personally or by agents, with or without entry, ifthe Trustee or the Beneficiary shall deem it advisable: Deed of Trust NY3:#7374669