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2oioo�999 <br />neither Mortgagor nor any other party may claim that Administrative Agent is bound, directly or <br />indirectly, by any such action. <br />Sectian 4.19. Application of Proceeds with respect to _ Deed of Trust Mortga�ed <br />Pro�,erties located in Vireinia. The proceeds of any sale of, and the Rents and other amounts <br />generated by the holding, leasing, operation or other use of the Deed of Trust Mortgaged <br />Properties located in Virginia, or any part thereof shall be applied by Trustee or Adminis.trative <br />Agent (or the receiver, if one is appointed) to the extent that funds are so available therefrom in <br />the fallowing order of priority (unless Administrative Agent designates a different order of <br />priority, which order shall then apply) or as may be otherwise required by law or as <br />Administrative Agent may otherwise designate: <br />(a) to discharge all taxes, levies, and assessment, with costs and interest if they have <br />priarity over the lien of this Martgage, including the due pro rata thereof for the current year; <br />(b) to discharge in the order o£ their priority, if any, the remaining debts and <br />obligations secured by this Mortgage and any liens of record inferior to this Mortgage under <br />which sale is made, with interest and other charges accrued thereon; and <br />(c) the residue of tl�e proceeds shall be paid to the Mortgagar or his assigns; <br />provided, however, that the Trustee as to suc� residue shall not be baund by any inheritance, <br />devise, conveyance, assig�unent or lien of or upon the Mortgagor's equity, without actual notice <br />thereof prior to distribution. <br />� , hase _, b,y__,A_dmi A�ent with respect to Deed__ of Trust <br />Sectian 4.20. Purc <br />Mortga�ed Properties lacated in Vir�i.nia. Upon any foreclosure sale or sales of all or any <br />partion af the Deed nf Trust Mortgaged Properties located in Virginia under the power herein <br />granted, Administrativ� Agent may bid for and purchase the Property and shall be entitled to <br />apply all or any part of the Indebtedness as a credit to the purchase price. <br />Section 4.21. Ri�ht of Redemption with Respect to Deed of Trust Mortgaged Properties <br />in New Mexica. If the Deed of Trust Martgaged Froperties located in New Mexico are sold at a <br />foreclosure sale following a court-ordered judicial foreclosure, the redemption period after the <br />foreclasure sale shall be one month instead of nine months as provided in Section 39-5-19 <br />NMSA 1978. If the Deed of Trust Mortgaged Properties located in New Mexico are sold under <br />the power of sale, Mortgagor shall have no right of redemption; however, the redemption period <br />for any omitted junior encumbrancer �ntitled to redeem the Deed af Trust Mortgaged Properties <br />in New Mexico shall be one month instead of nine months as provided in Section 39-5-18E <br />NMSA X 978. <br />.. <br />