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<br /> in this paragraph. Without limiting the generality of the foregoing, the filing of formal . ' ,:
<br /> charges or the commencemeat of praceedings against Trustor ar all or any part of the Trust ` , t_4_
<br /> Propesty under any federal or state law for which forfeiture of the Tn�st Progerty or any part • . �.="_
<br /> thereof or of any monies paid in gerformance of Tn�swr's obligations under the Loan �. . � "� �"�
<br /> Documents is a poteatial result. shall, at the election of Beneficiary, constitute an Event of - • � _. �
<br /> R�.
<br /> � Default hereunder without nouce or opportunity to aue. l . , �
<br /> � ,
<br /> i . ' � �..�,.:,:��. ,�
<br /> 48. Defeasance. Provided na Event of lDefault exists, this Dad of Tn�st ,
<br /> will be satisfied and discharged of record by B�neficiary or Tivscee, as the case may 6e, . �.� ... :-.���':
<br /> �.�� prior w the Maturity Date only in accordance with the terms and provisions set forth in �`"'�-'"-�-
<br /> .: `:.r,.. _ .. .�
<br /> � Section Z.3 or 2.4 of the I.oaa Agreement and upon satisfaction by Trustar of all the terms . �.�� - � _,_
<br /> � ;i. . �_- ..
<br /> f and conditions cantained therein. . �
<br /> ��k�
<br /> a � �y� �
<br /> . • .'.; . i:i�:
<br /> 49. No El�ction of Itemedies. (a) Without limiting aay other right or � . ; _ ��
<br /> � remedy provided to Beneficiary in this Deed of Traas2 or the other Loan I��comeuts, in the - .. :;,� :,;..�"�it:._�_
<br /> �`'�;��';���-: .
<br /> r=;. case of an Event of Default(i)Beneficiary shall have the rig�t�o pursue all of its rights and : �;,��
<br /> .;. remedies under this Deed of Tnist an�the Loan Docaiments, �+t iaw antl/or in equity, an one f ��� �° ,:�
<br /> roceedin or se aratel and inde enaentl vn s arate roceedings from time W time,as ` , .'�����'�i, �..
<br /> .... P g� P Y P Y� � P .�._ .�: _ �i .:, �
<br /> ��.;', Beneficiary, in its sole and absotute discretion, s}aaIll determine from time to time, (u7 ; ,.�
<br /> � ` Beneficiary sh�l not be required w either marshall assets, s�P��e Trust Property i�any ,
<br /> �` particular oraP��f alienation(and�y sell the same simulta��:sly and tagether�L �,;�; _ ; � � `�� �
<br /> � „ . � �.
<br />. � separately), e;� Ta�subject to any "one action" or "election of�edies" law or n�e�h "��_��_���� ' •;'` .�-`�
<br /> � re,-�Ct w th��'rust Property, (iii)the exercise by Beneficiary or Trustee, as the e,�sQ may ' '� -- _ _',j �'�-_
<br /> be, of any reffiedies against any one item of Trust Property will not impede Beneficiary from ��`�+�+•� �
<br /> ���� subsequently or simultaneously exercising remedies against any other item of Tn�st Froperty, ..�.,� `�E
<br /> (iv)all liens and other rights, remedies or privileges provided W Beneficiary herein shall . ;�,., �
<br /> remain in full force and effect until Beneficiary has eahausted all of its rem�clies against the ° " "� _: -
<br /> ;:• ,�,._ �' .}2�
<br /> Trust Property and aU Trust Progerry has been�oreclased, sold and/or otherwise reali�ecl � ��� �`� �
<br /> upon in satisfaction of the Deb� and (v)Beneficiary may resort for the paymern of the Debt ��� .�"�'`
<br /> �„,��,...
<br /> to an securi held by Beneficiary in such order and manner as Beneficiary, in its � "` �"°�^
<br /> Y ty �� �----
<br />_ _ discretion, may el�t and Be�eficiary nn?�y t1c�action to recover the Debt, or any gortion �� -�-f`'�*��__—
<br /> � thereof, or to enforce any covenant hereof wit�out prejudice to the right of Beneficiary ' �'�,,
<br /> themafter w foreclose this Deed of Tn�st. - -
<br /> �L — _
<br /> _i:__
<br /> (b) Without notice tn or consent of Trustor and without i�gair�ent .. •�{ '� � _
<br /> y.{��___._
<br /> "-3 of Ehe lien an8 rights created by this Deed of Trust, Heneficiary may, at any time('�its sole ,�;�._-�,�
<br /> and absohne discretion, but Beneficiary shall have n�obligation w),execuie and deliver w '��°���
<br /> Tniswr a written instcument releasing an+d reconveying aU as a portion of the lien Q�this "�':�"''-. -
<br /> y: �..; . .
<br /> Deed of Tmsi as security for any or all of the obligations o�'g'n�stor now e�cisti�a� �,�''"��""���'.� —
<br /> hereafter aris.�;under or in respect of the Note,the Loan Agree�►ent and each of she other � � �"`y�=:� -� `
<br /> � r. �.Y..
<br /> Y�a�Docaments, whereupon follo�ving the exe�ution a�d delivery by Beneficiary or Tn�stee, ���t����;� �: . ,
<br /> at the direr,tion of Beneficiary, to Tn�stor of any such wnitte�ins�vment of release, this : . .� . ___
<br /> Deed of Tnis't shall no longer secure such obligations of Tmswr so released. : . .:,=�..�_
<br /> 50. Excnlpation. Notwithstanding anything herein to the contrary, � .
<br /> Beneficiary sliall not enforce the liability and obligations contained in the Note,tfie Loan • � . ��=�
<br /> � Agreement, this I?eed of Trust or the other Loan Documents except as provided on Schedule � : . �
<br /> �
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