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200806505
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7/29/2008 4:49:25 PM
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7/29/2008 4:49:21 PM
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DEEDS
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200806505
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<br />200806505 <br /> <br />Section 5.13. Substitute Trustee. The Trustee may resign by an instrument in writing <br />addressed to Administrative Agent, or Trustee may be removed at any time with or without cause by an <br />instrument in writing executed by Administrative Agent. In case of the death, resignation, removal, or <br />disqualification of Trustee, or iffor any reason Administrative Agent shall deem it desirable to appoint <br />a substitute or successor trustee to act instead of the herein named trustee or any substitute or successor <br />trustee, then Administrative Agent shall have the right and is hereby authorized and empowered to <br />appoint a successor trustee, or a substitute trustee, without other formality than appointment and <br />designation in writing executed by Administrative Agent and the authority hereby conferred shall <br />extend to the appointment of other successor and substitute trustees successively until the indebtedness <br />secured hereby has been paid in full, or until the Property is sold hereunder. In the event the secured <br />indebtedness is owned by more than one person or entity, the holder or holders of not less than a <br />majority in the amount of such indebtedness shall have the right and authority to make the appointment <br />of a successor or substitute trustee as provided for in the preceding sentence or to remove Trustee as <br />provided in the first sentence of this section. Such appointment and designation by Administrative <br />Agent, or by the holder or holders of not less than a majority of the indebtedness secured hereby, shall <br />be full evidence of the right and authority to make the same and of all facts therein recited. If <br />Administrative Agent is a corporation or other business entity and such appointment is executed in its <br />behalf by an officer of such corporation or other business entity, such appointment shall be conclusively <br />presumed to be executed with authority and shall be valid and sufficient without proof of any action by <br />the board of directors or any superior officer of the corporation or other business entity. Administrative <br />Agent may act through an agent or attorney-in-fact in substituting trustees. Upon the making of any <br />such appointment and designation, all of the estate and title of Trustee in the Deed of Trust Mortgaged <br />Properties shall vest in the named successor or substitute Trustee and such successor or substitute shall <br />thereupon succeed to, and shall hold, possess and execute, all the rights, powers, privileges, immunities <br />and duties herein conferred upon Trustee; but nevertheless, upon the written request of Administrative <br />Agent or of the successor or substitute Trustee, the Trustee ceasing to act shall execute and deliver an <br />instrument transferring to such successor or substitute Trustee all of the estate and title in the Deed of <br />Trust Mortgaged Properties of the Trustee so ceasing to act, together with all the rights, powers, <br />privileges, immunities and duties herein conferred upon the Trustee, and shall duly assign, transfer and <br />deliver any of the properties and moneys held by said Trustee hereunder to said successor or substitute <br />Trustee. All references herein to Trustee shall be deemed to refer to Trustee (including any successor <br />or substitute appointed and designated as herein provided) from time to time acting hereunder. <br /> <br />Section 5.14. No Liabilitv for Trustee. NOTWITHSTANDING ANY OTHER <br />PROVISION OF THIS MORTGAGE, THE TRUSTEE SHALL NOT BE LIABLE FOR ANY <br />ERROR OF JUDGMENT OR ACT DONE BY TRUSTEE IN GOOD FAITH, OR BE <br />OTHERWISE RESPONSIBLE OR ACCOUNT ABLE UNDER ANY CIRCUMSTANCES <br />WHATSOEVER (INCLUDING, WITHOUT LIMITATION, THE TRUSTEE'S <br />NEGLIGENCE), EXCEPT FOR TRUSTEE'S GROSS NEGLIGENCE OR WILLFUL <br />MISCONDUCT. The Trustee shall have the right to rely on any instrument, document or signature <br />authorizing or supporting any action taken or proposed to be taken by the Trustee hereunder, believed <br />by the Trustee in good faith to be genuine. All moneys received by Trustee shall, until used or applied <br />as herein provided, be held in trust for the purposes for which they were received, but need not be <br />segregated in any manner from any other moneys (except to the extent required by Law), and Trustee <br />shall be under no liability for interest on any moneys received by him hereunder. Mortgagor hereby <br />ratifies and confirms any and all acts which the herein named Trustee or its successor or successors, <br />substitute or substitutes, shall do lawfully by virtue hereof. Mortgagor will reimburse Trustee for, and <br />indemnify and save Trustee harmless against, any and all liability and expenses (including attorneys <br />fees) which may be incurred by Trustee in the performance of his duties. The foregoing indemnities <br /> <br />505901000016 DALLAS 2307301.3 <br /> <br />31 <br /> <br />[MULTI STATE MORTGAGE] <br />
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