Common use of Liability and Indemnification of Trustee Clause in Contracts

Liability and Indemnification of Trustee. The Trustee shall not be liable for any error of judgment or act done by the Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever, except for the Trustee's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by him or her hereunder, believed by him or her in good faith to be genuine. All moneys received by the Trustee, until used or applied as herein provided, shall be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and the Trustee shall be under no liability for interest on any monies received by him or her hereunder, except to the extent required hereunder or under Applicable Law. Grantor will reimburse the Trustee for, and indemnify and save harmless him or her against, any and all liability and expenses which reasonably may be incurred by him or her in the performance of his or her duties hereunder, except for such liability and expenses

Liability and Indemnification of Trustee. The Trustee shall not be liable for any error of judgment or act done by the Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoeverwhatsoever (including, without limitation, Trustee's negligence), except for the Trustee's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by him or her hereunder, believed by him or her in good faith to be genuine. All moneys received by the TrusteeTrustee shall, until used or applied as herein provided, shall be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and the Trustee shall be under no liability for interest on any monies moneys received by him or her hereunder, except to the extent required hereunder or under Applicable Law. Grantor will reimburse the Trustee for, and indemnify and save him harmless him or her against, any and all liability and expenses (including, without limitation, reasonable attorneys' fees) which reasonably may be incurred by him or her in the performance of his duties hereunder (Trustee shall include the directors, officers, partners, employees, representatives and agents of Trustee and any persons or her duties hereunderentities owned or controlled by, except for such liability and expensesowning or controlling or under common control or affiliated with Trustee). The foregoing indemnity shall not terminate upon release, foreclosure or other termination of this Mortgage.

Liability and Indemnification of Trustee. The Trustee shall not be liable for any error of judgment or act done by the Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever, except for the Trustee's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by him or her hereunder, believed by him or her in good faith to be genuine. All moneys received by the Trustee, until used or applied as herein provided, shall be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and the Trustee shall be under no liability for interest on any monies received by him or her hereunder, except to the extent required hereunder or under Applicable Law. Grantor will reimburse the Trustee for, and indemnify and save harmless him or her against, any and all liability and expenses which reasonably may be incurred by him or her in the performance of his or her duties hereunder, except for such liability and expensesexpenses attributable to the Trustee's gross negligence or willful misconduct. The foregoing indemnity shall not terminate upon release, foreclosure or other termination of this Deed of Trust.