ARE INCURRED AT THE DEFAULT RATE.
7.6
MISCELLANEOUS.
(A)
DISCONTINUANCE OF REMEDIES. IN CASE BENEFICIARY SHALL HAVE
PROCEEDED TO INVOKE ANY RIGHT, REMEDY, OR RECOURSE PERMITTED UNDER THE LOAN
DOCUMENTS AND SHALL THEREAFTER ELECT TO DISCONTINUE OR ABANDON SAME FOR ANY
REASON, BENEFICIARY SHALL HAVE THE UNQUALIFIED RIGHT TO DO SO AND, IN SUCH
EVENT, GRANTOR AND BENEFICIARY SHALL BE RESTORED TO THEIR FORMER POSITIONS WITH
RESPECT TO THE INDEBTEDNESS, THE LOAN DOCUMENTS, THE MORTGAGED PROPERTY OR
OTHERWISE, AND THE RIGHTS, REMEDIES, RECOURSES AND POWERS OF BENEFICIARY SHALL
CONTINUE AS IF SAME HAD NEVER BEEN INVOKED.
(B)
OTHER REMEDIES. IN ADDITION TO THE REMEDIES SET FORTH IN THIS
ARTICLE, UPON THE OCCURRENCE OF AN EVENT OF DEFAULT, BENEFICIARY AND TRUSTEE
SHALL, IN ADDITION, HAVE ALL OTHER REMEDIES AVAILABLE TO THEM AT LAW OR IN
EQUITY.
(C)
REMEDIES CUMULATIVE; NON-EXCLUSIVE; ETC. ALL RIGHTS, REMEDIES, AND
RECOURSES OF BENEFICIARY GRANTED IN THE NOTE, THIS DEED OF TRUST, THE OTHER LOAN
DOCUMENTS, ANY OTHER PLEDGE OF COLLATERAL, OR OTHERWISE AVAILABLE AT LAW OR
EQUITY (I) SHALL BE CUMULATIVE AND CONCURRENT; (II) MAY BE PURSUED SEPARATELY,
SUCCESSIVELY, OR CONCURRENTLY AGAINST GRANTOR, THE MORTGAGED PROPERTY, OR ANY
ONE OR MORE OF THEM, AT THE SOLE DISCRETION OF BENEFICIARY; (III) MAY BE
EXERCISED AS OFTEN AS OCCASION THEREFOR SHALL ARISE, IT BEING AGREED BY GRANTOR
THAT THE EXERCISE OR FAILURE TO EXERCISE ANY OF SAME SHALL IN NO EVENT BE
CONSTRUED AS A WAIVER OR RELEASE THEREOF OR OF ANY OTHER RIGHT, REMEDY, OR
RECOURSE; (IV) SHALL BE NONEXCLUSIVE; (V) SHALL NOT BE CONDITIONED UPON
BENEFICIARY EXERCISING OR PURSUING ANY REMEDY IN RELATION TO THE MORTGAGED
PROPERTY PRIOR TO BENEFICIARY BRINGING SUIT TO RECOVER THE INDEBTEDNESS OR SUIT
ON THE OBLIGATIONS; AND (VI) IN THE EVENT BENEFICIARY ELECTS TO BRING SUIT ON
THE INDEBTEDNESS AND/OR THE OBLIGATIONS AND OBTAINS A JUDGMENT AGAINST GRANTOR
PRIOR TO EXERCISING ANY REMEDIES IN RELATION TO THE MORTGAGED PROPERTY, ALL
LIENS AND SECURITY INTERESTS, INCLUDING THE LIEN OF THIS DEED OF TRUST, SHALL
REMAIN IN FULL FORCE AND EFFECT AND MAY BE EXERCISED AT BENEFICIARY'S OPTION.
(D)
PARTIAL RELEASE; ETC. BENEFICIARY MAY RELEASE, REGARDLESS OF
CONSIDERATION, ANY PART OF THE MORTGAGED PROPERTY WITHOUT, AS TO THE REMAINDER,
IN ANY WAY IMPAIRING, AFFECTING, SUBORDINATING, OR RELEASING THE LIEN OR
SECURITY INTERESTS EVIDENCED BY THIS DEED OF TRUST OR THE OTHER LOAN DOCUMENTS
OR AFFECTING THE OBLIGATIONS OF GRANTOR OR ANY OTHER PARTY TO PAY THE
INDEBTEDNESS OR PERFORM AND DISCHARGE THE OBLIGATIONS. FOR PAYMENT OF THE
INDEBTEDNESS, BENEFICIARY MAY RESORT TO ANY OF THE COLLATERAL THEREFOR IN SUCH
ORDER AND MANNER AS BENEFICIARY MAY ELECT. NO COLLATERAL HERETOFORE, HEREWITH,
OR HEREAFTER TAKEN BY BENEFICIARY SHALL IN ANY MANNER IMPAIR OR AFFECT THE
COLLATERAL GIVEN PURSUANT TO THE LOAN DOCUMENTS, AND ALL COLLATERAL SHALL BE
TAKEN, CONSIDERED, AND HELD AS CUMULATIVE.
(E)
WAIVER AND RELEASE BY GRANTOR. GRANTOR HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVES AND RELEASES (I) ALL BENEFITS THAT MIGHT ACCRUE TO
GRANTOR BY VIRTUE OF ANY PRESENT OR FUTURE LAW EXEMPTING THE