Loan Mortgage Reduction Mortage Investment Mortgage Reduction Mortage

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Www Mortgagereductionmortage Tag Examiner Mortgage Reduction Mortage

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(4) If, at any time when Pledgee shall determine to exercise its right to sell the whole or any part of the Pledged Collateral hereunder, such Pledged Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as amended, Pledgee may, in its discretion (subject only to applicable requirements of law), sell such Pledged Collateral or part thereof by private sale in such manner and under such circumstances as Pledgee may deem necessary or advisable, but subject to the other requirements of this Section 7 and shall not be required to effect such registration or cause the same to be effected.

Section 8. Termination. Immediately following the complete payment, performance or other satisfaction of all the Secured Obligations or at such time as this Pledge Agreement and the Loan Documents are terminated or released by Pledgee, Pledgee shall deliver to Pledgor the Pledged Collateral pledged by Pledgor at the time subject to this Pledge Agreement and all instruments of assignment executed in connection therewith, free and clear of the lien hereof, and, except as otherwise provided herein, all of Pledgor' obligations hereunder shall at such time terminate.

Section 9. Miscellaneous.

(a) Entire Agreement. This Pledge Agreement constitutes and contains the entire agreement of the parties with respect to the subject matter hereof and supersedes any and all prior and contemporaneous agreements, negotiations, correspondence, understandings and communications between the parties, whether written or oral, respecting the subject matter hereof.

(b) Assignability. This Pledge Agreement shall be binding upon and inure to the benefit of Pledgor and Pledgee and their respective successors and assigns, except that Pledgor shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of Pledgee.

(c) Notices. Except as otherwise provided herein, any notice or other communication herein required or permitted to be given shall be in writing and may be delivered in person, with receipt acknowledged, or sent by telex, telecopy, computer transmission or by United States mail, registered or certified, return receipt requested, postage prepaid.

(d) No Waiver; Amendments. No failure on the part of Pledgee to exercise, no delay in exercising and no course of dealing with respect to, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. This Pledge Agreement may not be amended or modified except by written agreement between Pledgor and Pledgee, and no consent or waiver hereunder shall be valid unless in writing and signed by Pledgee.

(e) Severability. If any provision of this Pledge Agreement is held to be unenforceable for any reason, it shall be adjusted, if possible, rather than voided in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Pledge Agreement shall be deemed valid and enforceable to the full extent possible.

(f) Governing Law. This Pledge Agreement shall be governed by, and construed in accordance with, the laws of the State of _________(PLACENAME) as applied to contracts made and performed entirely within the State of _________(PLACENAME) by residents of such State.

In Witness Whereof, the parties hereto have caused this Pledge Agreement to be duly executed as of the date first written above.

Pledgor: Pledgee:
AAA, Inc.

/s/ BBB(sb) By: /s/ _________

Namw: BBB(sb), an individual Name: _________

Title: _________

SCHEDULE 1

Attached to and forming a part of that certain Pledge Agreement ("Pledge
Agreement") dated as of _________,_________,_________(M/D/Y), executed by BBB(sb), an individual, and CCC(sb), his spouse (collectively referred to hereinafter as "Pledgor"),
and, on the other hand, AAA, Inc., a Delaware corporation ("Pledgee").

Stock Issuer Class of Stock Stock Certificate Number of Shares

Numbers

_________ _________ _________ _________

_________ _________ _________ _________

_________ _________ _________ _________

EXHIBIT C


LIST OF PERMITTED ENCUMBRANCES ON THE PROPERTY

1. Mortgage No._________ registered in favour of the DDD.

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