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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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200806505
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<br />200806505 <br /> <br />Section 6.4. One Action Rule. Pursuant to I.C. 6-101, Idaho maintains a one-action rule for <br />the recovery of any debt or the enforcement of any right secured by a mortgage upon real property. <br />Thus, upon the occurrence and during the continuance of any Event of Default, in order for Lender to <br />collect on the indebtedness secured by the Mortgage, Lender must foreclose on this Mortgage. <br /> <br />Section 6.5. Deficiencv Judgment. In the event of a mortgage foreclosure, the parties <br />acknowledge that Idaho law may limit the amount of any deficiency judgment to the difference between <br />the indebtedness (plus costs of foreclosure and sale) and the reasonable value of the Mortgaged <br />Property. <br /> <br />ARTICLE VII. <br /> <br />Special Indiana Provisions <br /> <br />Section 7.1. Inconsistencies. With respect to the Mortgaged Property located in the state of <br />Indiana, the provisions set forth in this Article VII shall apply to and be made a part of the Mortgage. <br />In the event of any inconsistencies between the terms and provisions of this Article VII and the other <br />terms and provisions ofthis Mortgage, or to the extent, and only to the extent, any of the terms and <br />provisions in this Article VII conflict with, or are ambiguous when read together with, any of the other <br />terms and provisions of this Mortgage, the provisions of this Article VII shall govern. Capitalized <br />words and phrases contained in this Article VII shall have the definition ascribed to them in the main <br />body of the Mortgage, unless the context manifestly requires otherwise. <br /> <br />Section 7.2. Indiana Responsible Propertv Transfer Law. To the best of Mortgagor's actual <br />knowledge, the Mortgaged Properties located in Indiana (the "Indiana Properties"): <br /> <br />(a) do not contain any facility that is subject to reporting under Section 312 of the <br />Emergency Planning and Community Right-to-Know Act of 1986 (42 V.S.C. 11022); <br /> <br />(b) is not the site of one (1) or more underground storage tanks for which notification is <br />required under 42 V.S.C. 6991a and IC 13-23-1- 2(c)(8)(A); and <br /> <br />(c) is not listed on the Comprehensive Environmental Response, Compensation and Liability <br />Information System (CERCLlS) in accordance with Section 116 ofCERCLA (42 V.S.C. 9616). <br /> <br />Mortgagor has complied with the Responsible Property Transfer Law of Indiana (Ind. Code ~ 13- <br />25-3-1 et ~.) in all respects in connection with its execution of this Mortgage. <br /> <br />Section 7.3. Costs of Foreclosure/Indiana Properties. In any suit to foreclose the Lien hereof <br />or enforce any other remedy of Administrative Agent under this Mortgage with respect to the Indiana <br />Properties, there shall be allowed and included as additional indebtedness in the decree for sale or other <br />judgment or decree all expenditures and expenses which may be paid or incurred by or on behalf of <br />Administrative Agent for reasonable attorneys' costs and fees (including the costs and fees of <br />paralegals), survey charges, appraiser's fees, inspecting engineer's and/or architect's fees, fees for <br />environmental studies and assessments and all additional expenses incurred by Administrative Agent <br />with respect to environmental matters, outlays for documentary and expert evidence, stenographer's <br />charges, publication costs, and costs (which may be estimated as to items to be expended after entry of <br />the decree) of procuring all such abstracts of title, title searches and examinations, title insurance <br />policies, Torrens certificates, and similar data and assurances with respect to title as Administrative <br />505901 000016 DALLAS 2307301.3 <br /> <br />35 <br /> <br />[MULTI STATE MORTGAGE] <br />
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