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201000751
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Last modified
2/3/2010 3:02:47 PM
Creation date
2/3/2010 2:59:05 PM
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DEEDS
Inst Number
201000751
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201000751 <br />Subsidiaries sells, assigns, transfers or otherwise disposes of any property or assets (whether now <br />awned or hereafter acquired) to any other Person, in each case, whether or not the consideration <br />therefor consists of cash, securities or other assets owned by the acquiring Person and applied in <br />the manner specified in the Credit Agreements. In all events, Mortgagor hereby covenants and <br />agrees to promptly commence and to diligently prosecute the restoration of the Mortgaged <br />Property upon the occurrence of any casualty loss or other damage affecting the Mortgaged <br />Property, up to the amount of any casualty loss insurance proceeds made available to Mortgagor <br />in accordance with the Credit Agreements. Notwithstanding any damage to, destruction or loss <br />of or other casualty with respect to any of the Mortgaged Property, Mortgagor shall continue to <br />pay the Lender Obligations at the time and in the manner provided for in the Credit Agreements <br />and/ox any othex Lender Agreement until the Lender Obligations have been paid in full. if the <br />Mortgaged Property is sold, through foreclosure or otherwise, prior to the receipt by Agent of <br />such insurance proceeds, Agent shall have the right, whether or not a deficiency judgment on any <br />Lendex Agreement shall have been sought, recovered or denied, to receive such insurance <br />proceeds, or a portion thereof sufficient to pay the then unpaid Lender Obligations, whichever is <br />less. <br />9. Leases. Except as expressly permitted under the Credit Agreements, Mortgagor <br />shall not execute an assignment or pledge of any Tower Lease other than in favor of Agent or (b) <br />mortgage, pledge, assign, hypothecate, or otherwise encumber or transfer any Tower Lease or <br />any interest in any Tower Lease, or (c) enter into, amend or modify any Tower Lease or any <br />interest in any Tower Lease except in the ordinary course of Mortgagor's business in a manner <br />and to an extent consistent with past practice and/or necessary or desirable for the prudent <br />operation of its business as long as such action is commercially reasonable and will not result in <br />a Material Adverse Effect. <br />10. Rye air. Mortgagor shall keep the Martgaged Property in good order and <br />condition (reasonable wear and tear excepted), and shall make all repairs, replacements and <br />improvements thereof and thereto which are necessary to keep the same in such order and <br />condition. Mortgagor shall use reasonable efforts to prevent any act or occurrence, which might <br />impair the value or usefulness of the Martgaged Property for its intended usage. <br />l 1. Further Assurances. To further assure Agent's rights under this Deed of Trust, <br />Mortgagor agrees promptly upon demand of Agent to do any act or execute and deliver, record <br />and/or file any additional documents (including, but not limited to, security agreements on any <br />personalty included or to be included in the Mortgaged Property and a separate assignment of (i) <br />each Tower Lease in recordable form and (ii) any other agreement to which Mortgagor is a <br />party) as may be reasonably required by Agent to confirm the lien of this Deed of Trust and all <br />other rights or benefits conferred on Agent by this Deed of Trust, the Credit Agreements and/or <br />any other Lender Agreement. <br />12. A ent's Ri ht to Perform. If Mortgagor fails to perform any of the covenants or <br />agreements of Mortgagor hereunder, after the applicable notice and within the applicable grace <br />period, if any, provided far in the Credit Agreements, Agent, without waiving or releasing <br />Mortgagor from any obligation or default under this Deed of Trust, may, at any time (but shall be <br />under no obligation to) pay or perform the same, and the amount or cost thereof, with interest at <br />the interest rate as set forth in the Credit Agreements, shall within three (3) Business Days of <br />S <br />L1BD/1907385,1 <br />
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