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11. (i) To promptly and fully keap, perform and comply
with all the terms, provieions, covenants, conditione anci agree- ~
ments imposed upon or assumed by it as Landlord (or aimilar '
designation) under any lease in effect covering all or any part
of the withindescribed property, hereinafter, whether one or more,
referred to individually and collectively as "Tenants' leases";
(ii) that it will not do, or permit anything to be done, or omit
'and refrain from doing anything, the doing or omission of which
will qive any tenant a riqht to terminate any of said Tenanta'
leases; and (iii) that it shall serve notice upon Mortgagee of
any and all proposed lease modifications or of new leasea upon
the secured property.
If Mortqagor shall, in any manner, fail in any of the above
covenants and agreements, Mortgagee may (but shall not be obligated
to) take any action Mortgagee deems necessary or desirable to prevent
or cure any default by Mortgagor in the performance of or compliance
with any of Mortgaqor's covenanta or obligations under any of said
Tenants' Leases. Mortgagee shall have the right to enter upon the
; within described property to auch extent and as often as Mortgagee,
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; in its sole diacretion, deems necessary or desirable in order to
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prevent or cure any such default by Mortgagor. Mortqagee may expend
; such sums of money as Mortqaqee, in its sole discretion, deems
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~ necessary for any such purpose, and Mortgaqor hereby agrees to nay
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~ to Mortqagee, im~?ediately upon demand, all sums ao expended by ~
Mortgagee, together with interest thereon from the date of each such }
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payment at the highest leqal rate. All sums so expended by Mortgagee, ;
- and the interest thereon, shall be added to and secured by the lien
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~ of this instrument. ~
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~ ll. This Mortgaqe shall be cons trued as a security agreement s
~ under the Florida Uniform Commercial Code.
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