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201005524
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8/5/2010 4:31:37 PM
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8/5/2010 4:31:36 PM
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DEEDS
Inst Number
201005524
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201005524 <br />the exercise of any of the remedies provided in this Deed of Trust shall be secured by this Deed <br />of Trust. <br />Section 5.04. Application of Proceeds from Remedial Actions. Any proceeds or <br />funds arising from the exercise of any rights or the enforcement of any remedies herein provided <br />after the payment nr provision for the payment of any and all costs and expenses in connection <br />with the exercise of such rights or the enforcen~cnt of such remedies shall be applied to the <br />Obligations in such order and manner as the Beneficiary shall elect in its sole discretion, and the <br />balance, if any, shall be paid to whomsoever shall be entitled thereto. <br />Section S.OS. Remedies Cumulative; No Election. F,very right or remedy herein <br />conferred upon ar reserved to the Beneficiary shall be cumulative and shall be in addition to <br />every other right and remedy given hereunder or under any of the Credit Agreements or now or <br />hereafter existing at law, or in equity, or by statute. The pursuit of any right or remedy shall net <br />be construed as an election. <br />Section 5.0G. Waiver of Redemption, Appraisement, Homestead, Marshaling. To <br />the full extent permitted by law, Grantor (i) hereby waives any and all rights of redemption, and <br />(ii) agrees that in case of an Event of Default, neither Grantor nor anyone claiming through or <br />under it will set up, claim or seek to take advantage. of any homestead, reinstatement, <br />appraisement, valuation, stay or extension laws now or hereafter in force, or take any other action <br />which would prevent or hinder the enforcement or foreclosure of this Deed o1" Trust or the <br />absolute sale of the Trust Estate or the final and absolute putting into possession thereof, <br />immediately after such sale, of the purchaser thereat. Grantor, for itself" and all who may at any <br />time claim through or under it, hereby waives, to the full extent that it may lawfully so do, the <br />benefit of all such laws. Grantor further waives any rights available with respect to marshalling <br />of assets so as to require the separate sales of any portion of the Trust Estate, or as to require the <br />Benel`iciary to exhaust its remedies against a specific portion of the . Trust Estate before <br />proceeding against the other and dots hereby expressly consent to and authorize the sale of the <br />Trust F...state or any part thereof as a single unit or parcel or as separate parcels. <br />Seetioa 5.07. Exercise by Trustee. Notwithstanding anything herein to the contrary, <br />the Trustee (i) shall not exercise, or waive the exercise of, any of its rights or remedies hereunder <br />(other than its right to reimbursement) except upon the request of the Beneficiary, and (ii) shall <br />exercise, or waive the exercise ol; any or all of such rights or remedies upon the request of the <br />Beneficiary and at the direction of the Beneficiary as to the manner of such exercise or waiver, <br />provided that the Trustee shall have the right to decline to follow any such request or direction if <br />the Trustee shall be advised by counsel that the action or proceeding, or manner thereof, so <br />directed may not lawfully be taken or waived. <br />Section 5.08. Receiver. If the Beneficiary elects to appoint a receiver as provided for in <br />Section 5.03(B) above, it may does so as a matter of right without notice and without giving bond <br />and without regard to the solvency or insolvency of the Grantor, or waste of the Trust Estate or <br />adequacy of the security of the Trust Estate, and whether or not proceedings have been brought to <br />enforce this 17eed of 't'rust, to have a receiver appointed and who shall in addition to all the rights <br />113 <br />
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