Laserfiche WebLink
209609881 <br />mortgagee -in- possession or otherwise responsible or liable in any manner with <br />respect to the Property Leases, the Property or the use, occupancy, enjoyment or <br />operation of all or any portion thereof, unless and until Beneficiary, in person or <br />by agent, assumes actual possession thereof. Nor shall the appointment of any <br />receiver for the Property by any court at the request of Beneficiary or by <br />agreement with Grantor, or the entering into possession of any part of the <br />Property by such receiver, be deemed to make Beneficiary a <br />mortgagee -in- possession or otherwise responsible or liable in any manner with <br />respect to the Property Leases, the Property or the use, occupancy, enjoyment or <br />operation of all or any portion thereof. <br />(c) If Beneficiary or a receiver enters upon, takes possession of and <br />maintains control of the Property, all Revenues thereafter collected shall be <br />applied first to the costs of taking control of and managing the Property and <br />collecting the Revenues, including, but not limited to, reasonable attorneys' fees <br />actually incurred, receiver's fees, premiums on receiver's bonds, costs of repairs <br />to the Property, premiums on insurance policies, Impositions and other charges on <br />the Property, and the costs of discharging any obligation or liability of Grantor as <br />landlord, lessor or licensor of the Property and then to the Secured Obligations, in <br />the manner set forth in the Loan Agreement. Beneficiary and/or the receiver shall <br />have access to the books and records used in the operation and maintenance of the <br />Property and shall be liable to account only for those Revenues actually received. <br />Beneficiary shall not be liable to Grantor, anyone claiming under or through <br />Grantor or anyone having an interest in the Property by reason of anything done <br />or left undone by Beneficiary pursuant to Par graph 18 hereof. If the Revenues <br />are not sufficient to meet the costs of taking control of and managing the Property <br />and collecting the Revenues, any monies expended by Beneficiary for such <br />purposes shall become a portion of the Secured Obligations, Unless Beneficiary <br />and Grantor agree in writing to other terms of payment, such amounts shall be <br />payable upon notice from Beneficiary to Grantor requesting payment thereof and <br />shall bear interest from the date of disbursement at the Default Rate, unless <br />payment of interest at such rate would be contrary to applicable law, in which <br />event such amounts shall bear interest at the highest rate which may be collected <br />from Grantor under applicable law. The entering upon and taking possession of <br />and maintaining of control of the Property by Beneficiary or the receiver pursuant <br />to the provisions of this Deed of Trust and the application of Revenues as <br />provided herein shall not cure or waive any Event of Default or invalidate any <br />other right or remedy of Beneficiary hereunder. <br />(d) At the Beneficiary's request, the Grantor shall enter into a <br />Subordination, Nondisturbance and Attornment Agreement in form and substance <br />reasonably acceptable to Beneficiary with respect to all Property Leases with <br />tenants of the Property which are not Affiliates of the Grantor. <br />13. Property Leases and Collection of Revenues. Grantor will not, without the <br />prior written consent of Beneficiary, enter into any Property Lease of all or any <br />portion of the Property or amend, supplement or otherwise modify, or terminate <br />13 <br />MA <br />