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200603080
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Last modified
3/4/2012 11:05:24 AM
Creation date
4/10/2006 8:38:06 AM
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DEEDS
Inst Number
200603080
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200603050 <br />Instrtnnent, or any counterpart hereof, shall not relieve the other signatories from their obligations hereunder. <br />Section 20.5. N i ! M IiER_AND GENDER.. Whenever the context may require, any pronouns used herein shall <br />include the correspondin':. imtsculine, feminine or neuter forms, and the singular form of nouns and pronouns shall include <br />the plural and vice, versa. <br />Section 20.6. . t INIMI ;RCIAL PROPERTY. BORROWER COVENANTS AND WARRANTS THAT THE <br />PROPERTY AND 111ITOVEMENTS ARE USED BY BORROWER EXCLUSIVELY FOR BUSINESS AND <br />COMMERCIAL PL.Jl.i'( ).`,i -;,ti. BORROWER ALSO COVENANTS AND WARRANTS THAT THE PROPERTY AND <br />IMPROVEMENTS !i ,,. : \O I' NOW, AND AT NOT TIME IN THE FUTURE WILL BE, OCCUPIED AS THE <br />PRINCIPAL RES11)k ^�: 'I : ( )I; BORROWER, OR, IF APPLICABLE, BORROWER'S SPOUSE OR BORROWER'S <br />MINOR ORDLPLNI�i r ('IIiLD. <br />ARTICLE. 21. -THE TRUSTEE <br />Section 21.1- ^Jt LIABILITY. The Trustee shall not be liable for any error of judgment or act done by the <br />Trustee or be other" ,,, responsible or accountable under any circumstances whatsoever. The Trustee shall not be <br />personally liable in )i entry by him or anyone acting by virtue of the powers herein granted him upon the Property <br />for debts contracted of iiuwlhty or damages incurred in the management or operation of the Property. The Trustee shall <br />have the right to rcly oii :tnv instrument, document or signature authorizing or supporting any action taken or proposed to <br />be taken by him licrctin:i(_ i ur he.lieved by him in good faith to be genuine. The Trustee shall be entitled to reimbursement <br />for expenses irtcurrc<I h', i;int in the performance of his duties hereunder and to reasonable compensation for such of his <br />services hereunder ;i:; ;. .I! hi., rendered. Borrower will, from time to time, pay compensation due the Trustee hereunder <br />and rcimburse. 'I'ruste: u�ti save and hold him harmless from and against any and all loss, cost, liability, damage and <br />expense whatsoever incur -d by trim in the performance of his duties. <br />Section 212. i:! !'I :NTION_OF MONEYS. All moneys received by the Trustee shall, until used or applied as <br />herein provided, he Iicki ill if for the purposes for which they were received, but need not be segregated in any manner <br />from any other numc\,s W\c(pt to the extent required by law) and the Trustee shall be under no liability for interest on <br />any moneys received I)v i:int iieretrnder. <br />Section 21.3 ;i kSTITUTI;ON OF TRUSTEE. If, for any reason, ttre Lender shall elect to substitute another for <br />the Trustee here..iu nan e..i tor I -or any successor to said Trustee), the Lender shall have the right to appoint successor <br />Trustec(s) by duly ;i. i; m\vI(,(ILed written instruments, and each new Trustee immediately upon recordation of the <br />instrument so apin intiii.. liini .strall become successor in title to the Premises Ior the uses and purposes of this Deed of <br />Trust, with all the p w di.itie.s and obligations conferred on the 'Il-ustee in the same manner and to the same effect as <br />thotn"'li Ire wcrc lams.! i,, cnn as the Trustee. If more than one Trustee has heen appointed, each of such Trustees and <br />each successor tltcrcto :•it; ii he and hereby is empowered to act independently. <br />Section 21.4 'I i;!-'0IZMANCE OF DUTIES BY AGENTS. The Trustee may authorize one or more parties to <br />act on his behalf' to p.riiniu the ministerial functions required of hint hereunder, including without limitation, the <br />transmittal and postiiw , �; :utv notices. <br />''l() I ;LJRTHER TEXT - SIGNATURES ANI AR ON NEXT PAGE] <br />ng <br />
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