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200512344
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200512344
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Last modified
12/19/2005 2:45:43 PM
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12/19/2005 2:45:41 PM
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DEEDS
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200512344
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<br />200512344 <br /> <br />- 23 - <br /> <br />appointment and substitution shall be made by notice to the Trustor, the Trustee and successor <br />trustee and by recording notice of such in each office in which this Deed of Trust is recorded. <br />Such notice shall be executed and acknowledged by the Beneficiary and shall contain reference <br />to this Deed of Trust and when so recorded shall be conclusive proof of proper appointment of <br />the successor trustee. Such successor shall not be required to give bond for the faithful <br />performance of its duties unless required by the Beneficiary. <br /> <br />ARTICLE 6 <br /> <br />Miscellaneous <br /> <br />Section 6.01. Reconvevance bv Trustee. Upon the termination of the <br />Commitments under and as defined in the Credit Agreement and the payment in full of the <br />Obligations, the Beneficiary shall cause the Trustee to release the Lien of this Deed of Trust and <br />reconvey, without warranty or covenant, any portion of the Trust Estate then held hereunder to <br />the Trustor, or upon the request ofthe Trustor, and at the Trustor's expense, cause the Trustee to <br />assign this Deed of Trust without recourse to the Trustor's designee, or to the person or persons <br />legally entitled thereto, by an instrument duly acknowledged in form for recording. The <br />Trustee shall, upon request by the Beneficiary, release and reconvey (or, as the case may be, <br />assign) all or any portion of the Trust Estate as described in the preceding sentence whenever <br />requested to do so by the Beneficiary and shall not require, as a condition to any such release, <br />reconveyance or assignment, that the Beneficiary certify or demonstrate that all or any portion of <br />the Obligations shall have been paid in full. <br /> <br />Section 6.02. Notices. All notices, demands, consents, requests or other <br />communications (collectively, "notices") that are permitted or required to be given by any party <br />to the other hereunder shall be in writing and given in the manner specified in Section 9.01 of the <br />Credit Agreement; provided, that notices to the Trustee shall be addressed to the Trustee at its <br />office set forth on Page 1 hereof. <br /> <br />Section 6.03. Amendments: Waivers: Etc. This Deed of Trust cannot be <br />modified, changed or discharged except by an agreement in writing, duly acknowledged in form <br />for recording, signed by the Trustor and the Beneficiary with the consent of the Lenders as <br />provided in the Credit Agreement. For purposes hereof, a statement by the Beneficiary in any <br />modification or supplement to this Deed of Trust to the effect that such modification or <br />supplement has been consented to by the Lenders as provided in the Credit Agreement shall be <br />conclusive evidence of such consent and it shall not be necessary for a copy of such consent to <br />be recorded with such modification or supplement as a condition to such modification or <br />supplement being recorded in the appropriate real estate records. <br /> <br />Deed of Trust <br /> <br />NY3:#7374669 <br />
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