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86106927
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86106927
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Last modified
10/18/2011 9:46:29 PM
Creation date
3/31/2008 3:39:01 PM
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DEEDS
Inst Number
86106927
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86= 1.06927 <br />Trust and the Indebtedness hereby secured shall at the option of <br />said Beneficiary and upon sixty (60) days' prior written notice to <br />Trustor, become immediately due and payable; provided, however, <br />that such election shall be ineffective if Trustor is not <br />prohibited by law from paying the whole of such tax in addition to <br />all other payments required hereunder and the payment of such tax <br />will not constitute usury or 'render the loan or indebtedness <br />secured hereby wholly or partially usurious under any of the terms <br />of the Credit Agreement, the Notes, this Deed of Trust or <br />otherwise, and if Trustor, prior to such specified date, does pay <br />such tax and agrees in writing to pay any such tax when thereafter <br />levied or assessed and does pay such tax when actually levied or <br />assessed. <br />3.06 Marshalling of Assets. Trustor on its own behalf and <br />on behalf of its successors and assigns hereby expressly waives <br />all rights to require a marshalling of assets by Trustee or <br />Beneficiary or to require Trustee or Beneficiary to first resort <br />to the sale of any portion of the Premises which might have been <br />retained by Trustor before foreclosing upon and selling any other <br />portion as may be conveyed by Trustor subject to this Deed of <br />Trust. <br />3.07 Partial Release. Without affecting the liability of <br />any other person for the payment of any indebtedness herein <br />mentioned (including Trustor should it convey said Premises) and <br />without affecting the lien or priority hereof upon any property <br />not released, Beneficiary may, without notice, release any person <br />so liable, extend the maturity or modify the terms of any such <br />obligation, or grant such indulgences, release or reconvey or <br />cause to be released or reconveyed at any time all or any part of <br />the Premises herein, take or release any other security or make <br />compositions or other arrangements with debtors. Beneficiary may <br />also accept additional security, either concurrently herewith or <br />hereafter, and sell same or otherwise realize thereon either <br />before, concurrently with, or after sale hereunder. <br />3.08 Non - Waiver. By accepting payment of any sum secured <br />hereby after its due date or late performance of any indebtedness <br />secured hereby, Beneficiary shall not waive its right against any <br />person obligated directly or indirectly hereunder or on any <br />indebtedness hereby secured, either to require prompt payment when <br />due of all other sums so secured or to declare default for failure <br />to make such prompt payment. No exercise of any right or remedy <br />by Trustee or Beneficiary hereunder shall constitute a waiver of <br />any other right or remedy herein contained or provided by law. <br />No delay or omission of the Trustee or Beneficiary in the <br />exercise of any right, power or remedy accruing hereunder or <br />arising otherwise shall impair any such right, power or remedy, or <br />be construed to be a waiver of any default or acquiescence <br />therein. <br />-20- <br />
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