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busine~s, and to operate and conduct the business,
either as receiver of the property or as receiver
of the corparativns and individuals invalved with
autho.r.ity to buy and sell in usual course of
business and to employ necessa.ry help, keeping
proper accounting records and accounting for the
material so used, and to collect accounts receivable,
and to apply all re~eipts, fr~r.7 every saurce, under
order and directiora of the Court to the end th~t
the operation may be mairitained as a going concern
and business. The ~rad~ names, brand names,
patents: signs and similar assets are likewise
subject to the lien af this martgage, and subject
to possession and use by any Receiver appoir,ted by
thi4 Court. It is specifically agr~ed that
represeritatives of the Mortgagee even though they
may be stockholders, di~ectors or officers may be
employed by the Receiver. ~
8. It is specifically agreed that time is the essence
of this contract and that no waiver of ~ny
obligation here under or of the abligation sec ured
hereby sha11 at any time thereafter be held to be
a waiver o.f trie terms hereof or of the instrument
secured hereby.
9. If foreclosure proceedin~5 of any other mortgage
ar trust aeed of any kind should be instituted,
the Mortgagee may at its option, immediately or
thereafter declare this mortr,age and it indeb ted-
ness secured hereby clue and payable, unless a bona
fide dispute exists between the I~Iortgagor and
claimant.
10. To pay al~ and sing~alar the costs, charges and
exp~nses, including lawyers' fees, reasonably
ir~curred or paid at any time by ~.he Mortgagee,
because of the failur~ o:E the Mortgagor to perform,
comply with and abide by each and every the
stipulation~, agreements, conditions and covenants
of ~he said promissory note and this mortgage, or
either, and ever.y such paym~nt shall bear interest
from date ~t the rate of lQ~ per annum.
11. An itemized and detailed list of existing tangible
personal property encumbered by this mortgage is
attached hereto and by reference made a part
iiereof and marked Exhibits "A" and "B", however,
said list or schedule while intend~d to be inclusive
does nat limit or restric.t general identi£ication
hereinabove contained and al.l present or after
acquired property is enc umber~d hereby whe ther
specificall.y described or not. In the normal
course af its business the Mortgagor may ~rade in
~ personal proper~y on other sim:~lar or su~stantial
' items the equity in which sha.ll i.mmediately become
subject to the li~n hereof.
12. The Mortga~or shall hav° ~he right to prepay any
part of said loan in any amount desired without
premium or penalty, provided, however, that every
partial prepayment shall apply on loan installments
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