10. Liability of Escrow Agent. The Escrow Agent undertakes to perform only such
<br /> duties as are expressly set forth herein and no duties shall be implied. The Escrow Agent has no
<br /> fiduciary or discretionary duties of any kind. The Escrow Agent shall have no liability under and
<br /> no duty to inquire as to the provisions of any agreement other than this Escrow Agreement,
<br /> including without limitation any other agreement between any or all of the parties hereto or any
<br /> other persons even though reference thereto may be made herein. The Escrow Agent shall not be
<br /> liable for any action taken or omitted by it in good faith except to the extent that a court of
<br /> competent jurisdiction determines that the Escrow Agent's negligence or willful misconduct was
<br /> the sole cause of any loss to the Depositor or CRMC. Escrow Agent's sole responsibility shall be
<br /> for the safekeeping and transfer and disbursement of the Escrow Funds in accordance with the
<br /> terms of this Escrow Agreement. Escrow Agent shall not be charged with knowledge or notice
<br /> of any fact or circumstance not specifically set forth herein. Escrow Agent may rely upon any
<br /> notice, instruction, request or other instrument, not only as to its due execution, validity and
<br /> effectiveness,but also as to the truth and accuracy of any information contained therein, which
<br /> Escrow Agent shall believe to be genuine and to have been signed or presented by the person or
<br /> parties purporting to sign the same. In no event shall Escrow Agent be liable for incidental,
<br /> indirect, special, consequential or punitive damages or penalties (including, but not limited to
<br /> lost profits), even if the Escrow Agent has been advised of the likelihood of such damages or
<br /> penalty and regardless of the form of action. Escrow Agent shall not be responsible for delays or
<br /> failures in performance resulting from acts beyond its control, including without limitation acts
<br /> of God, strikes, lockouts, riots, acts of war or terror, epidemics, governmental regulations, fire,
<br /> communication line failures,power failures, earthquakes or other disasters. Escrow Agent shall
<br /> not be obligated to take any legal action or commence any proceeding in connection with the
<br /> Escrow Funds, any account in which Escrow Funds are deposited, this Escrow Agreement or the
<br /> Underlying Agreement, or to appear in,prosecute or defend any such legal action or proceeding.
<br /> Escrow Agent may consult legal counsel selected by it in the event of any dispute or question as
<br /> to the construction of any of the provisions hereof or of any other agreement or of its duties
<br /> hereunder, or relating to any dispute involving any party hereto, and shall incur no liability and
<br /> shall be fully indemnified from any liability whatsoever in acting in accordance with the advice
<br /> of such counsel. Depositor and CRMC,jointly and severally, shall promptly pay,upon demand,
<br /> the reasonable fees and expenses of any such counsel. Depositor and CRMC agree to perform or
<br /> procure the performance of all further acts and things, and execute and deliver such further
<br /> documents, as may be required by law or as Escrow Agent may reasonably request in connection
<br /> with its duties hereunder.
<br /> The Escrow Agent is authorized, in its sole discretion, to comply with final orders issued or
<br /> process entered by any court with respect to the Escrow Funds, without determination by the
<br /> Escrow Agent of such court's jurisdiction in the matter. If any portion of the Escrow Funds is at
<br /> any time attached, garnished or levied upon under any court order, or in case the payment,
<br /> assignment, transfer, conveyance or delivery of any such property shall be stayed or enjoined by
<br /> any court order, or in case any order,judgment or decree shall be made or entered by any court
<br /> affecting such property or any part thereof, then and in any such event,the Escrow Agent is
<br /> authorized, in its sole discretion, to rely upon and comply with any such order, writ,judgment or
<br /> 6
<br /> {00466456.DOC/2}
<br /> 11-01-2014
<br />
|