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84006618
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Last modified
7/10/2017 9:51:41 AM
Creation date
4/2/2008 9:50:16 AM
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DEEDS
Inst Number
84006618
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<br /> <br />84 --"...... <br /> <br />006618 <br /> <br />r <br /> <br />intere.t of the Bcmdbolders. inc:Iucliq c1etenliuat101l as <br />payMIlt. Indud1a& the c:arryiq back of pan or aU <br />BOte. and IIOrtl..... <br />Section 4. Upon Default. ia order to <br />it. rights and rened1es nd in a4hllt101l to and act <br />aDd relledie. the Tnstee MY bav.. the Iuu.r hereby qrees <br />representative. may take po.....ioa of 8UCh of the <br />r_l .state and may e'llter any pr..u.e. of I.~ to <br />properU.s ud the proceeds thereof; author1&es ad eapower. <br />representatives to take pos....ioa of ..id properties &ad the <br />fTOll uy and all third parties; and ackaovledle. aM qrees tIuLI: <br />tak10l po....sion of ..id properti.. and the proc." thereof rill <br />cOllsid.red as a breach of th. pHce and may be done without the order of --r. <br /> <br />court. <br /> <br />Issuer hereby qre.. that upon Tnst.e.. tak1ng pos....loo of the-" <br /> <br />--~~.t---!-c.:--:m.d--t-h.:--y.t'-c.c..Q~-t~-ar.:-cf..--~~-t~-.;t:a:~l. .ha.~.-e--aad-1e- her"7-~~L_..._~--- <br /> <br />the right to u... t.prov.. oparate. hold. le..e. sell. or otherw1ee ell.,... of <br />said properties and that the proceeds thereof or any portioo thereof. 1D IIUdl a <br />8aDDer and for .uch an amouot as Trustee. in its sole discr.tion, ..... to be 18 <br />the best int.rest of th. Bondholder.. In the event Tru.tee sells or otherwi.. <br />disposes of all or any portion of said properties. Issuer acltnovledp. &ad <br />..rees that any sal. of such of the prop.rties. after haviq livn Issuer <br />fifteeo (15) days' written notice, includiDI tb. aetbod, 8&CDer. t18e. place. <br />and t.~. shall be conclusively deeaed to be commercially reasonable aad such <br />dlspostlon shall b. d....d to b. commercially r..sooable. and Issuer hereby <br />..ive. any and all further notice of the time and place at or after which -J <br />such sale or other disposItion i8 to _de and alree. that Trustee _y purcbase <br />all or any portion of said properties by aeans of a private sal. to its.lf. <br />Issu.r acknowledles. covenants. and alrees that Truste. enforciq its <br />riaht. &ad r...die. .hall not be considered .s tbe discharae or .atisfaction of <br />Iasuer'a OblilAt1one und.r or in accordance with the Bond.. <br />Isauer acknowledacs and alreea that the proceeds of any diaposition of <br />a.y of said properti... or a portion thereof. aball be applied to the reasonable <br /> <br />48 <br /> <br />L <br /> <br />L <br /> <br />u <br /> <br /> <br />..J <br />
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