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201005559
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Last modified
8/9/2010 3:02:23 PM
Creation date
8/9/2010 3:02:22 PM
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DEEDS
Inst Number
201005559
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201005559 <br />the exercise of any of the remedies providedrn 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 ar prevision far the payment of any and all costs and expenses in connection <br />with the exercise of such rights ar the enforcement of such remedies shall be applied to the <br />Obligations in such order and manner as the Beneficiary shall elect in its sale discretion, and the <br />balance, if any, shall be paid to whomsoever shall be entitled thereto. <br />Section 5.05. Remedies Cumulative; No Election. Every right ar 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 ariy of the Credit Agreements or now ar <br />hereafter existing at law, or in equity, or by statute. '1"he pursuit of any right or remedy shall not <br />be construed as an election. <br />Section S.U6. 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 Granter 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 ar 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 of Trust ar the <br />absalute sale of the Trust Estate or the final and absolute putting into possession thereof; <br />immediately after such sale, of the purchaser thereat. Grantor, far itself and all who may at gray <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 />Beneficiary to exhaust its remedies against a specific portion of the Trust Estate before <br />proceeding against .the other and does hereby expressly consent to and authorize the sale of the <br />Trust Estate or any part thereof as a single unit or parcel or as separate parcels. <br />Section S.U7. Exercise by Trustee. Notwithstanding anything herein to the contrary, <br />the 'T'rustee (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 F3cneficiary, and (ii) shall <br />exercise, or waive the exercise of, any or all of such rights or remedies upon the request of the <br />Beneficiary and at the direcl'ian 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.Q3(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 Deed of Trust, to have a receiver appointed and who shall in addition to all the rights <br />18 <br />
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