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200808234
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9/26/2008 4:15:49 PM
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9/26/2008 4:15:47 PM
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DEEDS
Inst Number
200808234
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<br />200808234 <br /> <br />SECTION 6.12. Beneficiary's Perfonnance If Trustor shall fail to payor perform <br />any of its obligations herein contained (including, without limitation, payment of expenses of <br />foreclosure and court costs) or under the Loan Documents each with respect to the Mortgaged <br />Property, Beneficiary upon five (5) days prior written notice to Trustor (except as otherwise <br />expressly permitted by any Loan Document in the event of an emergency when no notice need be <br />given) may. but need not, make (or cause to be made) any such pa)'Il1ent or perform (or cause to be <br />performed) any such obligation of Trustor hereunder or thereunder (provided Trustor is not <br />contesting such payment or performance in accordance with Section 2.09 and the failure to so <br />perfonn such obligation would have a Material Adverse Effect), in any form and manner deemed <br />reasonably expedient by Beneficiary as agent or attorney-in-fact of Trustor, and any amount so paid <br />or expended (plus reasonable compensation to Beneficiary for its out-of-pocket and other expenses <br />(including legal expenses) for each matter for which it acts under this Deed of Trust), with interest <br />thereon at the Default Rate, shall be added to the Obligations and shall be repaid to Beneficiary upon <br />demand. No such action of Beneficiary shall be considered as a waiver of any right accruing to it on <br />account of the occurrence of any default on the part of Trustor under this Deed of Trust, any default, <br />any Event of Default, or any default or event of default under any other Loan Document. <br /> <br />SECTION 6.13. Subroe:ation. To the extent that Beneficiary, after the date hereof, <br />pays pursuant to the terms of this Deed of Trust any sum due under any provision oflaw or any <br />instrument or documents creating any lien prior or superior to the lien of this Deed of Trust, <br />Beneficiary shall have and be entitled to a lien on the Mortgaged Property equal in priority to that <br />discharged, and Beneficiary shall be subrogated to, and receive and enjoy all rights and liens <br />possessed, held or enjoyed by, the holder of such lien, which shall remain in existence for the benefit <br />of Beneficiary to secure the amount expended by Beneficiary on account of or in connection with <br />such lien. <br /> <br />SECTION 6.14. Conflicting Provisions To the extent there exists any conflict or <br />inconsistency between the terms oftrus Deed of Trust and the terms of the Credit Agreement, the <br />terms of the Credit Agreement shall govern. <br /> <br />SECTION 6.15. Counter.parts. This Deed of Trust may be executed in any number <br />of identical counterparts, any set of which signed by all the parties hereto shall be deemed to <br />constitute a complete, executed original for all purposes. <br /> <br />SECTION 6.16 Instrument Under Seal. This Deed of Trust is intended to be and <br />shall be construed as an instrument under seal. <br /> <br />SECTION 6.17. State Specific Provisions. In the event of any conflict between the <br />provisions of this Section 6.17 and any other provision oftrus Deed of Trust EXCEPTING only to <br />Section 6.11 hereof, the provisions of this Section 6.17 shall control. <br /> <br />(a) Acceleration; Remedies. At any time during the existence of an Event of <br />Default, Beneficiary, at Beneficiary's option, may declare the Indebtedness to be immediately due <br />and payable without further demand, and may request Trustee to exercise the power of sale and <br />Beneficiary may exercise any otherremedies permitted by applicable law or provided in this Deed of <br />Trust or in any other Loan Document. Trustor acknowledges that the power of sale granted in this <br />Deed of Trust may be exercised by Trustee without prior judicial hearing. Trustor has the right to <br /> <br />-22- <br />
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