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<br />sold in one or more parcels and in such manner and order as Trustee in its sole discretion may elect. The
<br />right of sale arising out of any Event of Default shall not be exhausted by any one or more sales,
<br />Section 5.3 Remedies Cumulative Concurrent and Nonexclusive. Trustee, Bene-
<br />ficiary and the other Secured Parties shall have all rights, remedies and recourses granted in the Loan
<br />Documents and available at law or equity (including the UCC), which rights (a) shall be cumulative and
<br />concurrent, (b) may be pursued separately, successively or concurrently against Grantor or others obli-
<br />gated under the Loan Documents, or against the Mortgaged Property, or against any one or more of 'them,
<br />at the sole discretion of Trustee, Beneficiary or such other Secured Party, as the case may be, (c) may be
<br />exercised as often as occasion therefor shall arise, and the exercise or failure to exercise any of them shall
<br />not be construed as a waiver or release thereof or of any other right, remedy or' recourse, and (d) are in-
<br />tended to be, and shall be, nonexclusive No action, inaction, delay or course of dealing by Trustee,
<br />Beneficiary or any other Secured Party in the enforcement of any rights, remedies or recourses under the
<br />Loan Documents or otherwise at law or equity shall operate as a waiver thereof or be deemed to cure any
<br />Event of Default,
<br />Section 5.4 Release of and Resort to Collateral. Beneficiary may release, regard-
<br />less of consideration and without the necessity for any notice to or consent by the holder of any subordi-
<br />nate lien on the Mortgaged Property, any part of the Mortgaged Property without, as to the remainder, in
<br />any way impairing, affecting, subordinating or releasing the hen or security interest created in or evi-
<br />denced by the Loan Documents or their status as a first and prior lien and security interest in and to the
<br />Mortgaged Property For payment of the Secured Obligations, Beneficiary may resort to any other secu-
<br />rity in such order, and manner as Beneficiary may elect,
<br />Section 5.5 Waiver of Redemption, Notice and Marshalling of Assets. To the
<br />fullest extent permitted by law, Grantor hereby irrevocably and unconditionally waives and releases (a)
<br />all benefit that might accrue to Grantor by virtue of any present or future statute of limitations or, law or
<br />judicial decision exempting the Mortgaged Property from attachment, levy or sale on execution or provid-
<br />ing for any stay of execution, exemption from civil process, redemption or extension of time for payment,
<br />(b) all notices of any Event of Default or of any election by Trustee or Beneficiary to exercise or the ac-
<br />tual exercise of any right, remedy or recourse provided for under the Loan Documents, and (c) any right
<br />to a marshalling of assets or a sale in inverse order of alienation
<br />Section 5.6 Discontinuance of Proceedings. If Trustee, Beneficiary or any other
<br />Secured Party shall have proceeded to invoke any right, remedy or recourse permitted under the Loan
<br />Documents and shall thereafter elect to discontinue or abandon it for any reason, Trustee, Beneficiary or
<br />such other Secured Party, as the case may be, shall have the unqualified right to do so and, in such an
<br />event, Grantor, Trustee, Beneficiary and the other Secured Parties shall be restored to their' former posi-
<br />tions with respect to the Secured Obligations, the Loan Documents, the Mortgaged Property and other-
<br />wise, and the rights, remedies, recourses and powers of Trustee, Beneficiary and the other Secured Parties
<br />shall continue as if the right, remedy or recourse had never' been invoked, but no such discontinuance or
<br />abandonment shall waive any Event of Default which may then exist or the right of Trustee, Beneficiary
<br />or any other Secured Party thereafter to exercise any night, remedy or recourse under the Loan Documents
<br />for such Event of Default.
<br />Section 5.7 Application of Proceeds. The proceeds of any sale of, and the Rents
<br />and other amounts generated by the holding, leasing, management, operation or other use of the Mort-
<br />gaged Property pursuant to this Article V, shall be applied by Beneficiary or Trustee (or the receiver, if
<br />one is appointed) in accordance with the Credit Agreement
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