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84- r 3.16, Limitation on Liability. Notwithstandinganyotller: provision of the Note, this Deed or any of the Loan DoCUtl\eritsj neither Grantor nor its general or limited parttiern:or any'Clf. Guarantor's successors or assigns shall have. any, pers6n~~ liability for payment of the Note or for the observanceor>t1i~' performance of any of the covenants, conditions or agreettte1J!t;s' contained in this Deed, or in any other instrument evidene'ing,o~ securing the indebtedness evidenced by the Note or. e~ecuteQ in connection therewith or for any claims against Grantor~ Or Grantor's successors or assigns, arising under or by virtUe' of the Note 01.- this Deed of Trust, and the B:en.eficiary _~r;;;r-~-s look solely to the Premises, Guarantys and to any other collateral hereafter pledged to secure the Note by Grantor or any other party for the payment of any amount due under the Note, this Deed or any of the Loan Documents and that the Trustee shall look solely to the interest of the Grantor in the Premises and . such other collateral for the satisfaction of each and ever.y remedy of the Trustee as herein provided, such exculpation of liability to be absolute and without any exception whatsoever and the Beneficiary shall not be entitled to a personal or deficiency judgment against Grantor, any partner of Grantor or any of Grantor's successors or assigns, except in accordance with the Guarantys, and none shall be sought or entered; provided, however, that nothing contained in t';:lis Paragraph shall limit or be constrl:i.ed ~v limit or .unl<- ~* ::hc enfr-.rcament against the Guarantor, the Premises and ar ~ther security so mortgaged and pledged of the rights and remedies of BenefiCiary or Trustee, under the Note, thi s Deed, the Guarantys or of any of th€ Loan Documents, 3,17, Covenants and Performance. All the covenants contained in th~s Deed of Trust will run with the land. Time is of the essence of this Deed of Trust and all provisions herein relating thereto shall be strictly construed. 3.18, Subor~~~atio~, Be~eficiary agrees that, if required ~n the terms of that certain written lease with the Nash-Finch Company dated l\1arch 8, 1984, as amended by First Amendment to Lease Agreement dated April ,1984, Beneficiary will subordinate the llen of th~s Deed, :solely as it relates to lots 3 and 4 as descr~bed on Exhibi t A hereto, to "Tenant' s ~lortgage", as that term is defined in Article 27,9 of the aforesaid Nash- Finch lease. 3,19, Di sclosure, Grantor states that he has given the Benef~ciary i-'-;;"-rl tten acknowledgment which is true and states that as Grantor understand that the document that I am executing is a trust deed and not a mortgage; furtherl the power of sale prOVided for in this trust deed provides substantially different rights and obl~gations than a mortgage and in an event of ciefaul t or breach of the obligations set forth herein, the Trsutee and the Beneficlary may take such action as herein provided. lnclud~ng exercise of power of sale. L -25- L