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<br />200605274 <br /> <br />Attn.: Lori Rung/CMBS Servicing <br />Telecopy No.: (212) 412-1621 <br /> <br />and <br /> <br />Citigroup Global Markets Realty Corp. <br />388 Greenwich Street <br />New York, New York 10013 <br />Attn: Phil Holmes <br />Facsimile No.: 212-816-2880 <br /> <br />with a copy to: <br /> <br />Thacher Proffitt & Wood LLP <br />Two Wodd Financial Center <br />New York, New York 10281 <br />Attention: David S. Hall, Esq. <br />Telecopy No.: (212) 912-7751 <br /> <br />Article 12 - APPLICABLE LAW <br /> <br />Section 12.1 GOVERNING LAW. THIS SECURITY INSTRUMENT SHALL BE <br />DEEMED TO BE A CONTRACT ENTERED INTO PURSUANT TO THE LAWS OF THE <br />STATE OF NEW YORK AND SHALL IN ALL RESPECTS BE GOVERNED, CONSTRUED, <br />APPLIED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF <br />NEW YORK, PROVIDED HOWEVER, THAT WITH RESPECT TO THE CREATION, <br />PERFECTION, PRIORITY AND ENFORCEMENT OF THE LIEN OF THIS SECURITY <br />INSTRUMENT, AND THE DETERMINATION OF DEFICIENCY JUDGMENTS, THE <br />LAWS OF THE STATE WHERE THE PROPERTY IS LOCATED SHALL APPLY. <br /> <br />Section 12.2 PROVISIONS SUBJECT TO ApPLICABLE LAW. All rights, powers and <br />remedies provided in this Security Instrument may be exercised only to the extent that the <br />exercise thereof does not violate any applicable provisions of law and are intended to be limited <br />to the extent necessary so that they will not render this Security Instrument invalid, <br />unenforceable or not entitled to be recorded, registered or filed under the provisions of any <br />applicable law. If any term of this Security Instrument or any application thereof shall be invalid <br />or lUlenforceable, the remainder of this Security Instrument and any other application of the term <br />shall not be affected thereby. <br /> <br />Article 13 - DEFINITIONS <br /> <br />Unless the context clearly indicates a - contrary. intent or unless otherwise specifically <br />provided herein, words used in this Security Instrument may be used interchangeably in singular <br />or plural.form .and the word "Borrower" shall mean "each Borrower and-- any subsequent <br />permitted owner or owners of the Property or any part thereof or any interest therein," the word <br />"Lender" shall mean "Lender, and its successors and assigns," !heword "!rustee" shall mean <br />"Tnistee and any substitute Trustee of the estates, properties, powers,'trusts and rights conferred <br />npon Trustee pursuant to this Security Instrument/' the. word "Note" shall mean "the Note and <br />any other evidence of indebtedness secured by this Security Instrument," the word "Property" <br />15 <br /> <br />Nebraska <br />[TPW; NYLEGAL:505604.2] 20528-00030 05/131200602:00 PM <br />