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200512344
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Last modified
12/19/2005 2:45:43 PM
Creation date
12/19/2005 2:45:41 PM
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DEEDS
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200512344
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<br />- 24- <br /> <br />200512344 <br /> <br />Section 6.04. Successors and Assigns. This Deed of Trust applies to, inures to <br />the benefit of and binds the Trustor and the Beneficiary and their respective successors and <br />assigns and shall run with the Properties. <br /> <br />Section 6.05. Captions. The captions or headings at the beginning of Articles, <br />Sections and paragraphs hereof are for convenience of reference and are not a part of this Deed <br />of Trust. <br /> <br />Section 6.06. Severability. If any term or provision of this Deed of Trust or <br />the application thereofto any person or circumstance shall to any extent be invalid or <br />unenforceable, the remainder of this Deed of Trust, or the application of such term or provision <br />to persons or circumstances other than those as to which it is invalid or unenforceable, shall not <br />be affected thereby, and each term and provision of this Deed of Trust shall be valid and <br />enforceable to the maximum extent permitted by law. If any portion ofthe Obligations shall for <br />any reason not be secured by a valid and enforceable Lien upon any part of the Trust Estate, then <br />any payments made in respect ofthe Obligations (whether voluntary or under foreclosure or <br />other enforcement action or procedure or otherwise) shall, for purposes of this Deed of Trust <br />(except to the extent otherwise required by applicable law) be deemed to be made (i) first, in <br />respect of the portion of the Obligations not secured by the Lien of this Deed of Trust, <br />(ii) second, in respect of the portion of the Obligations secured by the Lien of this Deed of Trust, <br />but which Lien is on less than all of the Trust Estate, and (Hi) last, to the portion of the <br />Obligations secured by the Lien of this Deed of Trust, and which Lien is on all of the Trust <br />Estate. <br /> <br />Section 6.07. Trust is Irrevocable. The trust created hereby is irrevocable by <br /> <br />the Trustor. <br /> <br />Deed of Trust <br /> <br />NY3:#7374669 <br />
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