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<br />200709869 <br /> <br />appraisers', architects', engineers', consulting professionals', accountants', and attorneys' fees and <br />disbursements. <br /> <br />(b) If (1) any sale (or prerequisite to a sale), action or proceeding shall be commenced by the <br />Beneficiary or the Deed Trustee (including but not limited to any sale of the Encumbered Property, or any <br />action to foreclose this Deed of Trust or to collect the Secured Obligations), or any action or proceeding is <br />commenced to which the Beneficiary or the Deed Trustee is made a party, or in which it becomes <br />necessary to defend or uphold the rights granted hereby (including, without limitation, any proceeding or <br />other action relating to the bankruptcy, insolvency or reorganization of the Grantor or any other person or <br />entity obligated hereunder), or in which the Beneficiary or the Deed Trustee is served with any legal <br />process, discovery notice or subpoena and (2) in each of the foregoing instances such action or <br />proceeding in any manner relates to or arises out of the Financing Documents or acceptance of a guaranty <br />from a guarantor of the Secured Obligations or any of the transactions contemplated hereby and such <br />action or proceeding does not relate to or arise out of the gross negligence, breach of trust or willful <br />misconduct of the Beneficiary or the Deed Trustee as applicable, then the Grantor will immediately <br />reimburse or pay to the Beneficiary and the Deed Trustee all of the expenses which have been or may be <br />incurred by the Beneficiary and the Deed Trustee, respectively, with respect to the foregoing (including <br />reasonable counsel fees and disbursements), together with interest thereon, and any such sum and the <br />interest thereon shall be included in the Secured Obligations and have the full benefit hereof, prior to any <br />right, or title to, interest in or claim upon the Encumbered Property attaching or accruing hereto, and shall <br />be deemed to be secured hereby. In any action or proceeding to sell the Encumbered Property, to <br />foreclose this Deed of Trust, or to recover or collect the Secured Obligations, the provisions of law <br />respecting the recovering of costs, disbursements and allowances shall prevail unaffected by this <br />covenant. <br /> <br />(c) The Grantor waives any and all right to claim or recover against the Beneficiary, its <br />officers, employees, agents and representatives, for loss of or damage to the Grantor, the Encumbered <br />Property, the Grantor's property or the property of others under Grantor's control from any cause insured <br />against or required to be insured against by the provisions hereof except for such damages incurred due to <br />the gross negligence, breach of trust or willful misconduct of the Beneficiary. <br /> <br />(d) All sums payable by the Grantor hereunder shall be paid without notice, demand, <br />counterclaim, setoff, deduction or defense and without abatement, suspension, deferment, diminution or <br />reduction, and the Secured Obligations of the Grantor hereunder shall in no way be released, discharged <br />or otherwise affected by reason of: (1) any damage to or destruction of or any condemnation or similar <br />taking of the Encumbered Property or any part thereof; (2) any restriction or prevention of or interference <br />with any use of the Encumbered Property or any part thereof; (3) any title defect or encumbrance or any <br />eviction from the Encumbered Property or any part thereof by title paramount or otherwise; (4) any <br />bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like <br />proceeding relating to the Grantor, or any action taken with respect hereto by any trustee or receiver of <br />the Grantor, or by any court, in any such proceeding; or (5) any other occurrence whatsoever, whether <br />similar or dissimilar to the foregoing; whether or not the Grantor shall have notice or knowledge of any of <br />the foregoing. To the extent permitted by law, the Grantor waives all rights now or hereafter conferred by <br />statute or otherwise to any abatement, suspension, deferment, diminution or reduction of any Secured <br />Obligation. Notwithstanding the above, the Grantor may maintain a separate suit regarding such matters. <br /> <br />Section 1.07. Taxes, Impositions and Utilities. The Grantor shall pay all taxes and special <br />assessments of every kind levied now or in the future against all or any part of the Encumbered Property, <br />in accordance with the Financing Documents. The Grantor shall pay when due all utility charges which <br />are incurred for the benefit of the Encumbered Property or which may become a charge or lien against the <br />Encumbered Property for gas, electricity, water or sewer services furnished to the Encumbered Property <br /> <br />-5- <br />