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<br />the right of any junior lienholder in the Mortgaged Property (without implying hereby Beneficiary's Consent to any
<br />junior lien),
<br />Section 6.6 Acts Not Constituting Waiver by Beneficiary. Beneficiary may waive any default
<br />without waiving any other prior or subsequent default. Beneficiary may remedy any default without waiving the
<br />default remedied. Neither failure by Beneficiary to exercise, nor delay by Beneficiary in exercising, nor
<br />discontinuance of the exercise of any right, power or remedy (including but not limited to the right to accelerate the
<br />maturity of the Obligations or any part thereo fl upon or after any default shall be construed as a waiver of such
<br />default or as a waiver of the right to exercise any such right, power or remedy at a later date. No single or partial
<br />exercise by Beneficiary of any right, power or remedy hereunder shall e�chaust the same or shall preclude any other
<br />or further exercise thereof, and every such right, power or remedy hereunder may be exercised at any time and from
<br />time to time. No modification or waiver of any provision hereof nor consent to any departure by Trustor therefrom
<br />shall in any event be effective unless the same shall be in writing and signed by Beneficiary and then such waiver or
<br />consent shall be effective only in the specific instance, for the purpose for which given and to the extent therein
<br />specified. No notice to nor demand on Trustor in any case shall of itself enritle Trustor to any other or further notice
<br />or demand in similaz or other circumstances. Remittaaces in payment of any part of the Obligations other than in the
<br />required amount in immediately available U.S. funds shall not, rega,rdless of any receipt or credit issued therefor,
<br />constitute payment until the required amount is actually received by Beneficiary in immediately available U.S. funds
<br />and shall be made and accepted subject to the condition that any check or draft may be handled for collection in
<br />accordance with the practice of Beneficiary. Acceptance by Beneficiary of any payment in an amount less than the
<br />amount then due on any Obligation shall be deemed an acceptance on account only and shall not in any way excuse
<br />the existence of a default hereunder.
<br />Section 6.7 Trustor's Successors. If the ownership of the Mortgaged Properiy or any part thereof
<br />becomes vested in a person other than Trustor, Beneficiary may, without notice to Trustor, deal with such successor
<br />or successors in interest with reference to this Deed of Trust and to the Obligations in the same manner as with
<br />Trustor, without in any way vitiating or discharging Trustor's liability hereunder or for the payment or performance
<br />of the Obligations. No transfer of the Mortgaged Properiy, except to Beneficiary when expressly agreed to, no
<br />forbearance on the part of Beneficiary, and no extension of the rime for the payment of the Obligations given by
<br />Beneficiary shall operate to release, discharge, modify, change or affect, in whole or in part, the liability of Trustor
<br />hereunder for the payment or performance of the Obligations or the liability of any other person hereunder for the
<br />payment of the Obligations. Each Trustor agrees that it shall be bound by any modification of this Deed of Trust or
<br />any of the other Credit Documents made by Beneficiary and any subsequent owner of the Mortgaged Property, with
<br />or without notice to such Trustor, and no such modifications shall impair the obligations of such Trustor under this
<br />Deed of Trust or any other Credit Document. Nothing in this Section 6.7 or elsewhere in this Deed of Trust shall be
<br />construed to imply Beneficiary's consent to any tra.nsfer of the Mortgaged Property.
<br />Section 6.8 Place of Payment. All Obligations which may be owing hereunder at any time by
<br />Trustor shall be payable at the place designated in the Note, as the case may be (or, if no such designation is made,
<br />at the address of Beneficiary indicated in Section 6.26).
<br />Section 6.9 Subrogation to Egisting Liens. To the extent that proceeds of the Obligations aze used
<br />to pay indebtedness secured by any outstanding lien, security interest, charge or prior encumbrance against the
<br />Mortgaged Property, such proceeds have been advanced by Beneficiary at Trustor's request, and Beneficiary shall be
<br />subrogated to any and a11 rights, security interest and liens owned by any owner or holder of such outstanding liens,
<br />security interests, charges or encumbrances, however remote, irrespective of whether said liens, security interests,
<br />charges or encumbrances aze released, and all of the same are recognized as valid and subsisting and aze renewed
<br />and continued and merged herein to secure the Obligations, but the terms and provisions of this Deed of Trust shall
<br />govern and control the manner and terms of enforcement of the liens, security interests, charges and encumbrances
<br />to which Beneficiary is subrogated hereunder. It is expressly understood that in consideration of the payment of such
<br />indebtedness by Beneficiary, Trustor hereby waives and releases all demands and causes of acrion for offsets and
<br />payments in connection with the said indebtedness.
<br />Section 6.10 Application of Payments to Certain Obligations. If any part of the Obligations cannot
<br />be lawfully secured by this Deed of Trust or if any part of the Mortgaged Property cannot be lawfully subject to the
<br />lien and security interest hereof to the full extent of the Obligations, then all payments made shall, unless otherwise
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