HomeMy WebLinkAbout34Documents shall not be deemed to be a waives of same, and Trustee or Beneficiary
shall have the right at any time to insist upon strict performance of all of such terms,
provisions and conditions.
Section 8.6 5uhro¢11on. To the extent proceeds of the Note have
been used to extinguish, extend or renew any indebtedness against the Mortgaged
Property, then Beneficiary shall be subrogated to all of the rights, liens and interests
existing against the Mortgaged Property and held by the holder of such indebtedness
and such former rights. [lens and interests, if any, are not waived, but are co,itirmed in
full force and effect in favor of Beneficiary.
Section 8.7 L&1a Ap,Lmment. If any conflict or inconsistency exists
between this Deed of Trust and the Loan Agreement, the Loan Agreement shall
govern.
Section 8.8 Releases: or Reconveyance. Upon payment in full of the
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Indebtedness and performance in full of the Obligations, Beneficiary, at Grantor's
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expense, shall release the liens and security interests created by this Deed of Trust or
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reconvey the Mortgaged Property to Grantor.
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Section 8.9 Wsivrr of Gtav Moratorium ed imlhr RhzhU.
Grantor agrees, to the full extent that it may lawfully do so, that it will not at any time
insist upon or plead or in any way tare advantage of any appraisement, valuation, stay,
marshaling of assets, extcstsion, redemption or moratorimn law now or hereafter in
for" and effect so as to prevent or hinder the enforcement of the provisions of this
Deed of Trust or the indebtedness secured hereby, or any agreement between Grantor
and Beneficiary or any rights or remedies of Beneficiary.
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Section 8.10 Limitation on j,i&bilidX. Grantor's habifity hereunder is
subject to the limitation on liability provisions of Article 12 of the Lean Agreement
Section g.l 1 Obljpi6on3of antor, hies an Several. If more than
one person or entity has executed this Deed of Taut as "Grantor," the obligations of all
such persons or entities hereunder shall be joint mud several.
Section 8.12 Govtrnin¢ Lin. This Deed of Trust shall be governed by
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the laws of the State of Washington.
Section g.13 $gQjpa. The Artice, Section and Subsection tides
hereof are inserted for convenience of reference only and shall in noway alter, modify
or define, or be used in construing, the text of such Articles, Sections or Subsections.
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