HomeMy WebLinkAbout1719 ,
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wi~h the con~ent of the holder~ of not less than 2/3 of
the out~tanding shares of its capital st~ck entitled to
vote thereon. `
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- 11. If at any time the then existing u~e or ~
occupancy of the morCgaged premiseV vhall, pursuant to
any zoning or other law, ordinance or regulation, b e
permitted only so long as such use or occupancy shall
continue,tbe Mortgagor wi12 not cause or permit such u~e
or occupancy to be discontinued without the prior written E
consent of the Mortgagee.
12. If any ~ction or proceeding be commenced
by or against the Mortgagee, including an ac~ion to :
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forec2ose ~aid mortgage, affecting said premi~es or the
lien of said mortgage, the Mortgagee may appear, defend,
prosecute, retain coun~el, and take ~uch action as the
Mortgagee shall~deem advi~able, and tihe costs thereof
(including reasonable counsel fees of at least ten per
centum of the principal sum hereof, and all applicable
statutory co~ts, allowances and disbursements) together ;
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with interest thereon at the rate of ZO per centum per
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~ annum, shall be paid by the Mortgagor t~ the Mortgagee
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~ on demand and shall be secured by aaid mortgage.
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! 13. After any default hereunder, the Mortgagor
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' ~hall, on demand, ~urrender posaession of said premise~ ~
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to the Mortgagee and hereby consents that, at any time ~
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after such demand, the Mortgagee may enter upon said i
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prem3se" let the same, collect all rents th erefrom and 5
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apply the rents, after payment of all charges and expen~es, '
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on account of the debt ~ecured hereby, whether then
matured or not; and ~aid rents and a21 leases existing at
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' ° ~ 204 P~~i718 3
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