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200605274
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6/13/2006 4:15:09 PM
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6/13/2006 4:15:07 PM
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DEEDS
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200605274
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<br />200605274 <br /> <br />motions, applications, notices and other documents, in any case in respect of the lessee under <br />such Lease under the Bankruptcy Code. <br /> <br />(b) If there shall be filed by or against Borrower a petition under the Bankruptcy <br />Code, and Borrower, as lessor under any Lease, shall determine to reject such Lease pursuant to <br />Section 365(a) of the Bankruptcy Code, then Borrower shall give Lender not less than ten (10) <br />days' prior notice of the date on which Borrower shall apply to the bankruptcy court for authority <br />to reject the Lease. . Lender shall have the right, but not the obligation, to serve upon Borrower <br />within such ten-day period a notice stating that (i) Lender demands that Borrower assume and <br />assign the Lease to Lender pursuant to Section 365 of the Bankruptcy Code and (ii) Lender <br />covenants to cure or provide adequate assurance of future performance under the Lease. If <br />Lender serves upon Borrower the notice described in the preceding sentence, Borrower shall not <br />seek to reject the Lease and shall comply with the demand provided for in clause (i) of the <br />preceding sentence within thirty (30) days after the notice shall have been given, subject to the <br />performance by Lender of the covenant provided for in clause (ii) of the preceding sentence. <br /> <br />Article 9 - ENVIRONMENTAL HAzARDS <br /> <br />Section 9.1 ENVIRONMENTAL COVENANTS. Borrower has provided representations <br />and warranties regarding environmental matters set forth in Section 4.1 of the Loan Agreement <br />and shall comply with the covenants regarding environmental matters set forth in Section 5.1 of <br />the Loan Agreement and as set forth in the Environmental Indemnity. <br /> <br />Section 9.2 LENDER'S RIGHTS. Lender and any other Person or entity designated by <br />Lender, including but not limited to any representative of a Governmental Authority, and any <br />environmental consultant, and any receiver appointed by any court of competent jurisdiction, <br />shall have the right, but not the obligation, to enter upon the Property to assess any and all <br />aspects of the environmental condition of .the Property and its use, including but not limited to <br />conducting any environmental assessment or audit (the scope of which shall be determined in <br />Lender's sole discretion) and taking samples of soil, groundwater or other water, air, or building <br />materials, and conducting other invasive testing as, and to the extent, provided in the Loan <br />Agreement and the Environmental Indemnity. Borrower shall cooperate with and provide access <br />to Lender and any such person or entity designated by Lender. <br /> <br />Article 10 - WAIVERS <br /> <br />Section 10.1 MARSHALLING AND OTHER MATTERS. Borrower hereby waives, to the <br />extent permitted by law, the benefit of all Legal Requirements now or hereafter in force <br />regarding appraisement, valuation, stay, extension, reinstatement and redemption and all rights <br />of marshalling in the event of any sale hereunder of the Property or any part thereof or any <br />interest therein. Further, Borrower hereby expressly waives any and all rights of redemption <br />from sale under any order or decree of foreclosure of this Security Instrument on behalf of <br />Borrower,. and on behalf of each and every Person acquiring any interest in or title to the <br />Property subsequent to the date of this Security Instrument and on behalf of all Persons to the <br />e:?Ctent permitted by Legal Requirements, <br /> <br />Section 10.2 WAIVER OF NOTICE, BorrOWer shall not be entitled to any notices of any <br />nature whatsoever from Lender or Trustee except with respect to matters for which this Security <br />Instrument or the Loan Agreement specifically and expressly provides for the giving of notice by <br />12 <br /> <br />Nebraska <br />[TPW: NYLEGAL:5056042] 20528-00030 05/13/200602:00 PM <br />
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