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<br /> 97- �0145'7
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<br /> , ,� . •�► . Section 2.14. Beneficiar,�Reliance. Trustor acknowledges that @eneficiary has
<br /> examined and relied on the experience of Trustor(including, without limitation, the '
<br /> direct and indirect legal and beneficial owners of Trustor), in owning and operating � . ..-,;
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<br /> properties such as the Facility in agreeing ta make the Loan, and will�ontinue to rely on .. . : -_-_
<br /> Trustor and such experience of such persons as a nneans of maintalning the value of the =-- --
<br /> Facility as security for repayment af the Loan and perfi�rmance of all of Trustor's an� _ ___
<br /> the Trust's obligations under the Loan Documents. Trustor acknowledges that ' 'i_�
<br /> H e neficia ry has a valid interest in maintainin g the value of the Trust Estate so as to :�a;c�__
<br /> � � . insure thst, should Trustor allow a 'Transfer to occur without Heneficiary's prIor written � �'�'°�"
<br /> , consent, Beneficiary may exercise all of its rights hereunder. ,,;:.ti�;;�,-
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<br /> �� � � Section 2.15. No Transfer. Trustor shall not and shall not cause, allow, or permit, _,,._:�;:_=--
<br /> and shall prevent from accurring, a Transfer, except a Permitted Transfer or Permitted ��;�;;r,;
<br /> Encumbrance, without the priar written consent of Bene�ciary, which consent may be � �{�t°•
<br /> „" ��. withheld or conditioned in Beneficiary's sole and absolute discretion. Consen�t to any '�_�"�`--"'
<br /> � .f such Transfer by Beneficiary shall not bs deemed a waiver of Beneficiary's right to -
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<br /> : � require such consent to any further or future Transfers. In the event of aiiy vlolation of ��;�:
<br /> this Section Z,15, Beneficiary may, at its option, accelerate and declare tl�e outstanding ��'=
<br /> � principal amount, unpaid irncrest, I'iefauli FcaiC uucresi, ii�td r.+fai�.tan�.nc� Premi�sm `�
<br /> and any other amounts owing by the Trust to be immediately due and payable,witilont �
<br /> ,� notice ar demand, and whether or not Bene�iciary shall have commenced any foreclosure
<br /> praceeding or other action for the enforcement of its rights and remedies under any of =
<br /> _ the Loan Dacuments with respect to any Facility or all or any portion of the Collateral.
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<br />- =��:r � - " ARTICLE III `
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<br /> �-=-�n::� � ass�,�ment of Rents. Issues and pro�its
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<br /> `�'q-_"-� Section 3.1. AssiQnment of Rents Issues and PxofIts.The Trustor does hereby _
<br />_�"�«��� absolutcly and unconditionally assign to the Beneficiary the Trustor's right, title and _
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<br /> :_�;�.,-.-�. interese in all current and futnre L�ases and Rents, ii being intend�d tsy the Trustor that __
<br /> �..:�� �� this assignment constitutes a present, absolute assig���nt and;,at�,i assignment f�or _ —_ _
<br />--'�"'�,'°:���`�, additional securinj only. This Section 3.1 presently gives Beneficiary the right to collect ry
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<br />�,,� ,t,r the Rents and to apply the Rents in partial payment of the Note and Loan �Jbligations. _
<br /> '�""� Trustor intends that tl-.e I�ents and Leases be absolutely assigned as provided in this -
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<br /> _ '""`'� Section 3. and that they no lon�er be, during the term of this Section, property of the _
<br /> �J���'�'''���� Trustor or propeity of the estate of Trustor, as defined by il U.S.C.§541. If any law _�..
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<br /> . exists requiring Deneficiary to take actual possession of the Trust Estate (or some actian ��������—
<br /> . � equiv�lent to takuig possession of the TrusY Estate, such as securing the appointment of a ��=°------
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