Common use of Dealing with the Trust Property Clause in Contracts

Dealing with the Trust Property. The Beneficiary shall have the right to release or cause the Trustee to release any portion of the Trust Property from this Deed of Trust for such consideration as the Beneficiary may require, or without consideration, without, as to the remainder of the Trust Property, in any way impairing or affecting the Lien or priority of this Deed of Trust, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the Secured Obligations shall have been reduced by any actual monetary consideration received for such release and applied to the Secured Obligations and may accept by assignment, pledge or otherwise any other property in place thereof as the Beneficiary may require without being accountable therefor to any other lienholder.

Dealing with the Trust Property. The Subject to Section 7.02, the Beneficiary shall have the right to release or cause the Trustee to release any portion of the Trust Property from this Deed to or at the request of Trust the Grantor, for such consideration as the Beneficiary may require, or without consideration, require without, as to the remainder of the Trust Property, in any way impairing or affecting the Lien or priority of this Deed of Trust, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the Secured Obligations shall have been reduced by any actual monetary consideration received for such release and applied to the Secured Obligations Obligations, and may accept by assignment, pledge or otherwise any other property in place thereof as the Beneficiary may require without being accountable therefor to any other lienholder.