FURTHER ASSURANCE, AND ANY MODIFICATION OR
AMENDMENT OF THE FOREGOING DOCUMENTS, AND ALL FEDERAL, STATE, COUNTY AND
MUNICIPAL TAXES, DUTIES, IMPOSTS, ASSESSMENTS AND CHARGES ARISING OUT OF OR IN
CONNECTION WITH THE EXECUTION AND DELIVERY OF THIS SECURITY INSTRUMENT, ANY DEED
OF TRUST OR MORTGAGE SUPPLEMENTAL HERETO, ANY SECURITY INSTRUMENT WITH RESPECT
TO THE PROPERTY OR ANY INSTRUMENT OF FURTHER
11
ASSURANCE, AND ANY MODIFICATION OR AMENDMENT OF THE FOREGOING DOCUMENTS, EXCEPT
WHERE PROHIBITED BY LAW SO TO DO.
SECTION 5.2
FURTHER ACTS, ETC.
BORROWER WILL, AT THE COST OF
BORROWER, AND WITHOUT EXPENSE TO LENDER, DO, EXECUTE, ACKNOWLEDGE AND DELIVER
ALL AND EVERY SUCH REASONABLE FURTHER ACTS, DEEDS, CONVEYANCES, DEEDS OF TRUST,
ASSIGNMENTS, NOTICES OF ASSIGNMENTS, TRANSFERS AND ASSURANCES AS LENDER SHALL,
FROM TIME TO TIME, REASONABLY REQUIRE, FOR THE BETTER ASSURING, CONVEYING,
ASSIGNING, TRANSFERRING, AND CONFIRMING UNTO LENDER THE PROPERTY AND RIGHTS
HEREBY DEEDED, GRANTED, BARGAINED, SOLD, CONVEYED, CONFIRMED, PLEDGED, ASSIGNED,
WARRANTED AND TRANSFERRED OR INTENDED NOW OR HEREAFTER SO TO BE, OR WHICH
BORROWER MAY BE OR MAY HEREAFTER BECOME BOUND TO CONVEY OR ASSIGN TO LENDER, OR
FOR CARRYING OUT THE INTENTION OR FACILITATING THE PERFORMANCE OF THE TERMS OF
THIS SECURITY INSTRUMENT OR FOR FILING, REGISTERING OR RECORDING THIS SECURITY
INSTRUMENT, OR FOR COMPLYING WITH ALL LEGAL REQUIREMENTS.
BORROWER, ON DEMAND,
WILL PERMIT LENDER TO EXECUTE IN THE NAME OF BORROWER OR WITHOUT THE SIGNATURE
OF BORROWER TO THE EXTENT LENDER MAY LAWFULLY DO SO, ONE OR MORE FINANCING
STATEMENTS (INCLUDING, WITHOUT LIMITATION, INITIAL FINANCING STATEMENTS AND
AMENDMENTS THERETO AND CONTINUATION STATEMENTS) WITH OR WITHOUT THE SIGNATURE OF
BORROWER AS AUTHORIZED BY APPLICABLE LAW, TO EVIDENCE MORE EFFECTIVELY THE
SECURITY INTEREST OF LENDER IN THE PROPERTY.
BORROWER ALSO RATIFIES ITS
AUTHORIZATION FOR LENDER TO HAVE FILED ANY LIKE INITIAL FINANCING STATEMENTS,
AMENDMENTS THERETO AND CONTINUATION STATEMENTS, IF FILED PRIOR TO THE DATE OF
THIS SECURITY INSTRUMENT.
BORROWER GRANTS TO LENDER AN IRREVOCABLE POWER OF
ATTORNEY COUPLED WITH AN INTEREST FOR THE PURPOSE OF EXERCISING AND PERFECTING
UPON AN EVENT OF DEFAULT AND DURING THE CONTINUANCE THEREOF ANY AND ALL RIGHTS
AND REMEDIES AVAILABLE TO LENDER AT LAW AND IN EQUITY, INCLUDING WITHOUT
LIMITATION SUCH RIGHTS AND REMEDIES AVAILABLE TO LENDER PURSUANT TO THIS SECTION
5.2.
TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW, BORROWER HEREBY RATIFIES
ALL ACTS LENDER HAS LAWFULLY DONE IN THE PAST OR SHALL LAWFULLY DO OR CAUSE TO
BE DONE IN THE FUTURE BY VIRTUE OF SUCH POWER OF ATTORNEY.
SECTION 5.3
CHANGES IN TAX, DEBT, CREDIT AND DOCUMENTARY STAMP LAWS.
(A)
IF ANY LAW IS ENACTED OR ADOPTED OR AMENDED AFTER THE DATE
OF THIS SECURITY INSTRUMENT WHICH IMPOSES A TAX, EITHER DIRECTLY OR INDIRECTLY,
ON THE DEBT OR LENDER'S INTEREST IN THE PROPERTY (OTHER THAN INCOME TAXES),
BORROWER WILL PAY THE TAX, WITH INTEREST AND PENALTIES THEREON, IF ANY.
IF
LENDER IS ADVISED BY COUNSEL CHOSEN BY IT THAT THE PAYMENT OF TAX BY BORROWER
WOULD BE UNLAWFUL OR TAXABLE TO LENDER OR UNENFORCEABLE OR PROVIDE THE BASIS