Common use of POWER TO FILE NOTICES AND CURE DEFAULTS Clause in Contracts

POWER TO FILE NOTICES AND CURE DEFAULTS. Trustor hereby irrevocably --------------------------------------- appoints Beneficiary and its successors and assigns as its attorney-in-fact, which agency is coupled with an interest, to: (a) execute and/or record any notices of completion, cessation of labor, or any other notices that Beneficiary deems appropriate to protect Beneficiary's interest; and (b) upon the occurrence of an Event of Default, perform any obligation of Trustor hereunder; provided, -------- however, that: (i) Beneficiary as such attorney-in-fact shall only be ------- accountable for such funds as are actually received by Beneficiary; and (ii) Beneficiary shall not be liable to Trustor or any other person or entity for any failure to act under this Section.

POWER TO FILE NOTICES AND CURE DEFAULTS. Trustor hereby irrevocably --------------------------------------- appoints Beneficiary and its successors and assigns assigns, as its attorney-in-fact, which agency is coupled with an interest, interest to: (a) execute and/or record any notices of completion, cessation of labor, or any other notices that Beneficiary deems appropriate to protect Beneficiary's ’s interest; and (b) upon the occurrence of an Event of Default, perform any obligation of Trustor hereunder; provided, -------- however, that: (i) Beneficiary as such attorney-in-fact shall only be ------- accountable for such funds as are actually received by Beneficiary; and (ii) Beneficiary shall not be liable to Trustor or any other person or entity for any failure to act under this Section.