Common use of Beneficiary’s Powers Clause in Contracts

Beneficiary’s Powers. Without affecting the liability of any other person liable for the payment or performance of any indebtedness or obligation secured hereby, and without affecting the lien of this Deed of Trust upon any portion of the Mortgaged Property not then or theretofore released as security for the indebtedness and obligations secured hereby, Beneficiary may, from time to time and without notice, (a) release any person so liable, (b) extend the maturity or alter any of the terms of any indebtedness or obligation secured hereby, (c) grant other indulgences, (d) release or reconvey, or cause to be released or reconveyed, any parcel, portion or all of the Mortgaged Property, (e) take or release any other or additional security for any indebtedness or obligation secured hereby, (f) make compositions or other arrangements with debtors in relation to any indebtedness or obligation secured hereby, or (g) advance additional funds to protect the security of this Deed of Trust and pay or discharge the obligations of Trustor hereunder or under the Loan Documents, and Trustor shall, on demand, pay to Beneficiary all amounts so advanced, together with interest thereon from the date of expenditure until paid at the Interest Rate.

Beneficiary’s Powers. Without affecting the liability of -------------------- any other person Person liable for the payment or performance of any indebtedness or obligation secured herebyherein mentioned, and without affecting the lien Lien or charge of this Deed of Trust upon any portion of the Mortgaged Property not then or theretofore released as security for the indebtedness and obligations secured herebyObligations, Beneficiary may, from time to time and without notice, : (a) release any person Person so liable, ; (b) extend the maturity or alter any of the terms of any indebtedness or obligation secured hereby, such obligation; (c) grant other indulgences, ; (d) release or reconvey, or cause to be released or reconveyed, at any time at Beneficiary's option any parcel, portion or all of the Mortgaged Property, ; (e) take or release any other or additional security for any indebtedness or obligation secured hereby, herein mentioned; (f) while an Event of Default is continuing, make compositions or other arrangements with debtors or other mortgagors in relation to any indebtedness or obligation secured hereby, or this Deed of Trust; (g) advance additional funds to protect the security hereof; (h) while an Event of this Deed of Trust and Default is continuing, pay or discharge any or all of the obligations Obligations; (i) consent in writing to the making of Trustor hereunder any map or under plat thereof; (j) join in granting any easement thereon; or (k) join in any extension agreement or any agreement subordinating the Loan DocumentsLien or charge hereof; and, and Trustor shallin any case referred to in clauses (g) or (h), on demand, pay to Beneficiary all amounts so advanced, together with interest thereon at the Default Rate from the date of expenditure demand until paid at the Interest Ratepaid, shall be secured hereby.

Beneficiary’s Powers. Without affecting the At any time, or from time to time, without notice and without liability of any other person liable for the payment or performance of any indebtedness or obligation secured herebytherefor, and without affecting the lien personal liability, if any, of any Person for payment of the Secured Obligations or the effect of this Deed of Trust Mortgage upon any portion the remainder of the Mortgaged Property not then or theretofore released as security for the indebtedness and obligations secured herebyEstate, Beneficiary with the consent of the Required Lenders (as defined in the Credit Agreement) may, from time to time and without notice, (a) release any person so liablepart of the Mortgaged Estate, (b) consent in writing to the making of any map or plat thereof, (c) join in granting any easement thereon, (d) join in any extension agreement or any agreement subordinating the lien or charge hereof, (e) release any person liable for payment of the indebtedness secured hereby, (f) extend the maturity or alter any of the terms of any indebtedness or obligation secured herebysuch obligations, (cg) grant other indulgences, (d) release or reconvey, or cause to be released or reconveyed, any parcel, portion or all of the Mortgaged Property, (eh) take or release any other or additional security for any indebtedness or obligation secured herebyherein mentioned, (fi) make compositions or other arrangements with debtors in relation to any indebtedness or obligation secured herebythereto, or (gj) advance additional funds to protect the security of this Deed of Trust hereof and pay or discharge the obligations of Trustor Grantor hereunder or under the Loan Documents, and Trustor shall, on demand, pay to Beneficiary all amounts so advanced, together with interest thereon from the date of expenditure until paid at the Interest Default Rate, shall be part of the Secured Obligations and secured hereby and such amount paid or expended by Beneficiary shall bear interest at the Default Rate, and shall be repaid to Beneficiary on demand.