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<br />'". <br /> <br />200600597 <br /> <br />5.08 Assignment. The interest of Beneficiary in this Instrument is assignable by <br />Beneficiary, and any assignment hereof by Beneficiary shall operate to vest in the assignee all <br />rights and powers herein conferred upon and granted to Beneficiary. <br /> <br />5.09 Time of the Essence. Time is of the essence with respect to each and every <br />covenant, agreement and obligation of Grantor under this Instrument, and any and all other <br />instruments now or hereafter evidencing, securing or otherwise relating to the Obligations. <br /> <br />5.10 Counterparts. This Instrument may be executed in any number of counterparts, <br />each of which is deemed to be an original document, all of which taken together shall constitute <br />one and the same Instrument. <br /> <br />5.11 Trustee Acceptance. Trustee accepts this trust when this Instrument, duly <br />executed and acknowledged, is made a public record as provided by law. <br /> <br />-21- <br />