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80005189
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Last modified
1/13/2010 10:58:13 PM
Creation date
1/13/2010 10:57:50 PM
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DEEDS
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80005189
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<br />V3857-L - 9/15180 <br />8V"" ~~J~.~~ <br />Canvey (collectively "transfer") of further mortgage, pledge, <br />encumber or hypothecate (collectively "encumber") all or any <br />portion of its interest in the Property, except as provided <br />in Section 8.3 hereof. Nor shall Mortgagor create or permit <br />to be created and remain any lien, encum trance, security in- <br />terest or charge levied on account of any tax assessment, <br />mechanic's, laborer's or materialman's lien, conditional bill <br />of sale, title retention agreement, chattel mortgage or secur- <br />ity agreement (other than the Permitted Encumbrances and except <br />as expressly provided herein). As used herein, the term <br />"transfer" shall also include a sale of more than 518 in <br />inLereat of Mortgagor's partnership interests to any one party <br />(or to related garties) in a single transaction (or in a series <br />of related transactions), the effect of which is to defeat the <br />provisions now contained in Mortgagor's Agreement of Limited <br />Partnership requiring that certain proceeds of any sale of the <br />Property be applied in reduction of the indebtedness secured <br />hereby. <br />6.2 Notwithstanding the foregoing, idortg~gor may <br />acquirt Equipmtnt required for the operation or maintenance <br />of the Property through leaae, chattel mortgage or other <br />secured financing arrangeaent grovided that such financing <br />is permitted by Superior Mortgagee. If Mortgagor employs <br />any such financing, Mortgagor shall pay as and when due all <br />rent, interest, princigai and other sums and charges due <br />under any such financing agreements. <br />8 <br /> <br />
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