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200709152
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Last modified
10/25/2007 4:12:16 PM
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10/25/2007 4:12:14 PM
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DEEDS
Inst Number
200709152
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<br />200709152 <br /> <br />Section 4.3 <br /> <br />Permitted Contests. <br /> <br />Grantor shall not be required to pay any of the Property Assessments, or to eomply with any Law, <br />so long as Grantor shall in good faith, and at its cost and expense, contest the amount or validity thereof, <br />or take other appropriate action with respect thereto, in good faith and in an appropriate manner or by <br />appropriate proceedings; provided that (a) such proceedings operate to prevent the collection of, or other <br />realization upon, such Property Assessments or enforcement of thc Law so contested, (b) therc will be no <br />sale, forfeiture or loss of the Property during the contcst, (c) neither Lender nor Trustee is subjected to <br />any Claim as a result of such contest, and (d) Grantor provides assuranccs satisfactory to Lendcr <br />(including the establishment of an appropriate reserve account with Lender) of its ability to pay such <br />Property Assessments or comply with such Law in the event Grantor is unsuccessful in its contest. Each <br />such contest shall be promptly prosecuted to final conclusion or settlement, and Grantor shall indemnify <br />and save Lender and Trustee harmless against all Claims in connection therewith. Promptly after the <br />settlement or conclusion of such contest or action, Grantor shall comply with such Law and/or pay and <br />discharge the amounts which shall be levied, assessed or imposed or determined to be payable, together <br />with all penalties, fines, interests, costs and expenses in eonnection therewith. <br /> <br />Section 4.4 Compliance with Laws. <br /> <br />Grantor will comply with and not violate, and cause to be complied with and not violated, all <br />present and future Laws applicable to the Property and its use and operation. <br /> <br />Section 4.5 Maintenance and Repair of the Property. <br /> <br />Grantor, at Grantor's sole expense, will (a) keep and maintain Improvements and Accessories in <br />good condition, working order and repair, and (b) make all necessary or appropriate repairs and Additions <br />to Improvements and Accessories, so that each part of the Improvements and all of the Accessories shall <br />at all times be in good eondition and tlt and proper for the respective purposes for which they were <br />originally intended, erected, or installed. <br /> <br />Section 4.6 <br /> <br />Additions to Security. <br /> <br />All right, title and interest of Grantor in and to all Improvements and Additions hereafter <br />constructed or placed on the Property and in and to any Aecessories hereafter acquired shall, without any <br />further deed of trust, conveyance, assignment or other act by Grantor, become subject to the Lien of this <br />Deed of Trust as fully and completely, and with the same ctIect, as though now owned by Grantor and <br />specitlcally described in the granting clauses hereof. Grantor agrees, however, to execute and deliver to <br />Trustee and/or Lender such further documents as may be required by the terms of the Loan Agreement <br />and the other Loan Documents. <br /> <br />Section 4.7 <br /> <br />Subroe:ation. <br /> <br />To the extent permitted by Law, Lender shall be subrogated, notwithstanding its release of record, <br />to any Lien now or hereafter existing on the Property to the extent that such Lien is paid or discharged by <br />Lender whether or not from the proceeds of the Loans. This Section shall not be deemed or construed, <br />however, to obligate Lender to payor discharge any Lien. <br /> <br />Section 4.8 <br /> <br />Leases. <br /> <br />(a) Grantor shall not enter into any Lease with respect to all or any portion of the <br />Property without the prior written consent of Lender. <br /> <br />(b) Neither Trustee nor Lender shall be obligated to perfonn or discharge any <br />obligation of Grantor under any Lease. The assignment of Leases provided for in this Deed of Trust in no <br />manner places on Lender or Trustee any responsibility for (i) the control, care, management or repair of <br />the Property, (ii) the carrying out of any of the terms and conditions of the Leases, (iii) any waste <br /> <br />Error! Unknown document property name. <br /> <br />II <br />
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