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201000147
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Last modified
1/7/2010 4:35:55 PM
Creation date
1/7/2010 4:32:28 PM
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DEEDS
Inst Number
201000147
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20100014'7 <br />(5) Notwithstanding the foregoing, any involuntary transfer of a Beneficial <br />Ownership Interest in Borrower caused by the death of any general or <br />limited partner, shareholder, joint venturer, trustee, member, manager or <br />other type of owner holding any Beneficial Ownership Interest in <br />Borrower shall not be a default under this Security Instrument or <br />constitute a Sale or Transfer so long as Borrower is reconstituted, if <br />required, following such death and so long as either (i) those persons <br />responsible for the management of the Mortgaged Property remain <br />unchanged as a result of such death or (ii) any replacement management is <br />approved by Lender (which approval shall not be unreasonably withheld). <br />(6) In connection with each Sale ar Transfer, Grantee (in the case of a Sale) or <br />Borrower (in the case of a Transfer), as the case maybe, shall represent <br />and warrant to Lender in writing that all of the representations and <br />warranties set forth in paragraph 37 hereof shall survive such Sale or <br />Transfer. <br />(7) If the Grantee is not a Delaware limited liability company having <br />organizational documents substantively identical (in all material respects) <br />to those of Borrower, then such Sale shall not take place until Lender has <br />reviewed and approved the Grantee's organizational documents. <br />(t) Intentionally Omitted. <br />(g) Intentionally Omitted. <br />(h) Easements• Dedications. If no Event of Default shall have occurred and be <br />continuing, Borrower, or the Lessee on behalf of Borrower, may, from time to <br />time, in connection with the transactions contemplated by the Lease or otherwise, <br />without consent of the Lender (i) sell .and convey an interest in the Mortgaged <br />Property to any Person legally empowered to take such interest under the power <br />of eminent domain, (ii) grant routine utility, access and other customary <br />easements, rights of way and other rights in the nature of easements with respect <br />to the Mortgaged Property as Lessee may reasonably request, (iii) release or <br />relocate existing easements and appurtenances which are for the benefit of the <br />Mortgaged Property as reasonably requested by Lessee, (iv) dedicate or transfer <br />portions of the Mortgaged Property for road, highway or other public purposes, <br />(v) execute petitions to have the Mortgaged Property annexed to any municipal <br />corporation or utility district, (vi) enter into or modify existing easements, <br />covenants, waivers, approvals or restrictions for utilities, parking or other matters <br />as Lessee may desire or determines necessary for the operation of the Mortgaged <br />Property, or real property adjacent to the Mortgaged Property, as reasonably <br />requested by Lessee, and (vii) execute and deliver to any Person any instrument <br />appropriate to confirm or effect such grants, releases, dedications and transfers <br />provided (A) that such grant, release, dedication, transfer, petition or amendment <br />is not detrimental in any material respect to the proper conduct of Lessee's <br />business on such Mortgaged Property, (B) the consideration, if any, being paid for <br />-24- <br />
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