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81006059
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Last modified
1/14/2010 11:30:22 PM
Creation date
1/14/2010 11:28:11 PM
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DEEDS
Inst Number
81006059
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.~ <br /> <br />1 tip, place, and terms, shall be conclusively deemed to be com- <br />mercially reasonable and such disposition shall be deemed to be <br />co~aercialiy reasonable, and Issuer hereby waives any and all <br />further notice of the time and place at or after which any such <br />sale or other disposition is to be made and agrees that Trustee <br />may purchase all or any portion of said properties by means of a <br />private sale to itself. <br />Issuer acknowledges, covenants, and agrees that Trustee <br />enforcing its rights and remedies shall not be considered as the <br />discharge or satisfaction if Issuer's obligations in accordance <br />with the Bonds. <br />Issuer agrees that, notwithstanding any attempts by <br />Trustee to sell or otherwise dispose of all or any portion of said <br />properties, Trustee will not have waived and may at its option <br />avail itself of the rights granted it pursuant to Section 51-505(2) <br />of the UCC. Issuer acknowledges and agrees that unless Trustee <br />avails itself of the rights granted it pursuant to Section 4= <br />505(2) of the UCC, the proceeds of any disposition of any of sa ri <br />properties, or a portion thereof, shall be applied pursuanE tc? the <br />provisions of Section 9-504C1)C2) of the UCC and that the reasons <br />able expenses of retaking, balding, preparing for sale, selling, <br />and the like shall be :.nclusivs Yf but not limited to 4ri~ a3+.d all <br />attorneys` fees and legal expenses incurred by Trustee. <br />Issuer hereby consants to and aclrees to any and all <br />actions taken or noC taken by Trustee of every and any lone} and <br />character whatsoever, growing out of or referable to Trustee's <br />possession of the said properties ar growing out tit car referable <br />to any and all actions taken or nut taken by Trustee in tha <br />custody and preservation of the saki properties. zssuer hereby <br />expressly acknowledges and agreres that Trustee shall not be liat+la <br />for any loss caused by its failure to meet any obligations im~aed <br />upon it by Section 9-20'1 of the UCC or any other .law pertaining tE <br />possession of collateral; and the Issuer hereby expressly cove- <br />nants, ackrwwledges, and agrees that any and all actions taken ur <br />not taken, at any time, by Trustee in accordance with Trustee"s <br />9-d <br />
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