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11V1':II Person, and without liability on any Credit Party's part, but subject to the terms and conditions of the Loan Agreement, grant extensions or postponements of the time for payment of the Secured Obligations or any part thereof, release anyone liable on any of the Secured Obligations, accept a renewal note or notes therefor, release from this Deed of Trust any part of the Mortgaged Property, take or release other or additional security, reconvey any part of the Mortgaged Property, consent to any map or plat or subdivision of the Property, consent to the granting of any easement, join in any extension or subordination agreement and agree in writing with Grantor to modify the terms and conditions of any Loan Document. Grantor shall pay such title insurance premiums and attorneys' fees as may be incurred, at Beneficiary's option, for any such action if taken at Grantor's request. 11. Forbearance Not Waiver. Any forbearance by Trustee, Beneficiary or any other Credit Party in exercising any right or remedy hereunder, or otherwise afforded by Applicable Law, shall not be a waiver of or preclude the exercise of any right or remedy hereunder. The procurement of insurance or the payment of taxes or other Liens by Beneficiary shall not be a waiver of Beneficiary's right to accelerate the maturity of the Secured Obligations. Beneficiary's receipt of any awards, proceeds or damages under Paragraphs 3 and _9 hereof shall not operate to cure or waive Grantor's default in payment of the Secured Obligations. 12. Property Leases and Revenues. (a) As part of the consideration for the Secured Obligations, Grantor hereby absolutely and unconditionally collaterally assigns and transfers to Beneficiary for the ratable benefit of the Credit Parties, and hereby assigns to Beneficiary and grants to Beneficiary a security interest in, all of Grantor's right, title and interest in and to the Property Leases and the Revenues, including those now due, past due or to become due by virtue of any Property Lease for the occu- pancy or use of all or any part of the Property. Grantor hereby represents and warrants that Grantor: (i) is the sole and absolute owner of the entire landlord's or lessor's interest in the Property Leases and said rents, issues and profits and shall not assign its interest in, to or under any of the Property Leases or the Revenues to any person or entity other than the Beneficiary; (ii) has made no prior assignment of any of the Property Leases or with respect to any of said rents, issues or profits; and (iii) has neither done any act nor omitted to do any act which might prevent Beneficiary from, or limit Beneficiary in, acting under any of the provisions of this assignment pursuant to this Deed of Trust. (b) Grantor agrees that neither the foregoing assignment of Property Leases and Revenues, nor the exercise of any of Beneficiary's rights and remedies under Paragraph 18 hereof shall be deemed to make Beneficiary a 12 MA