HomeMy WebLinkAbout1661 SECTION 1.1~. (a) The Mortgagor ~ill not (i) execute
nn aesignment of the rents or eny part thereof from the Premises
unless such aseignment shall provide that it is subordinate to
. the assignment contained in this Mortgage and an3r assignment
executed pursuant hereto, or (ii) except where the leaaee is in
,
default thereunder, terminate or consent to the cancellation or `
surrender of ar~q lease of the Premiaea or of ar~y part thereof,
no~ e~cisting or hereafter to be made, having nn une,apired term ~
of txo (2) years or more, except that any lease Mhich is not
a~redit le~se may be caricelled provided thdt promptly after the
cancellation or surrentter thereof, a nerr lease is entered into xith
a ne~ leasee on substantially the same terms as the terminated
or cancelled lease, or (iii) modi~r a~r auch lease so as to
ahorten the une~cpired term thereoP or so as to decrease the ~
amount of the rents paydble thereunder, or (iv) e~ccept prepa~q-
ments of a~y instalments of rents to become due ~s~leY~ such
~ ledsea9 except prepayments in the nature of sec~rity f'or the
i performnnce of the lesaees thereunder, or (vj in ~ other man-
~ ner impair the va~ue of the Mortgaged Property or-the security
of the Mortgage for the payment of the principal of, and in-
terest on, the Note. ~
(b) The Mortgagor ~ill not execute ar~y lense of all ~
~
or a substantial portion of the Premises except for ~etu~.l oc~- ~
cupancy by the lessee thereunder, and ~ill at ~11 times promptly ~
. ;
and faithPully perPorm, or ca4se to be perPorme4q al' of ~~_:4 ~
~
covennnts, conditions e~nd t~greements contained in ~.i~ leases ot` ~
~ +
~
the Premises nox or hereafter existing, on the part of the lessar ;
~
thereunder to be kept and performed. If ar~y of such ieases pro- ~
i
vide for the giving by the lessee of certificates Mith respect i
I-10
BooK174 ~ 899 ~
j.
aooK 1?4 ~f 1657 ' ;