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' of the 1~Iortgaged Property nor to obligate Mortgagee to take any action or
to incur expenses or perforin or discliarge any obligadon, duty or liability
of i~Iortgagor under any Lease.
9.G PAYbiENT OF RENTS TO MORTGAGOR UNTIL DEFAULT. UIII@SS
and untii an Event of Default occurs, 141ortgagor shall be entided to collect
the Rents as and when they become due and payable, l~iortgagor hereby
agrees that the respective tenants under the Leases, upon notice from
14iortgagee of the a:currence of an Event of Default, shall, thereafter, pay
to Niortgagee the Rents due and to become due under the Leases without
any obligation to determine whether or not such an Event of Default does
in fact exist.
9.7 TERI~IINATION OR MODIFICATION. AIOIigBgOl VYIIl riOt ~1~ eXCePi
where the lessee is in default under a Lease, terminate or consent to the "
cancellation or surrender of an} Lease of ihe 1~Iortgaged Property, now
existing or hereafter to be made ha~-ing an unexpired term of two ( 2)
' years or more, eYCept any Lease may be cancelled pro~~ided that prompdy
~ after the cancellation or surrender thereof a ne~v Lease is entered into with
~ a ne~v lessee having a credit standing in tl~e judgment of biortgagee, at -
; least equivalent to that of the lessee ~vhose Lease was cancelled, on sub-
~ stantially the same terms as the terminated or cancelled Lease or (u)
~ execute and deliver a modification of any Lease without ~vritten appro~ al
of the modification by 11~iortgagee.
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9.8 C~,~~t~2ATI~E RE~fEUIES. E~iCtl 3rid every right, remedy and
=power granted to Alortgagee by this Article 9 shall be cumulative and in ~
addidon to any other right, remedy and po~ver given by the Note and the
other Security Documents, or no~v or hereafter existing in equity, at law
~ or by virtue of statute or otherwise. The failure of hlortgagee to avail itself j
~ of any of the rights and remedies hereof shall not be construed or deemed '
' to be a tvai~~er of any thereof.
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- • ARTICLE 10
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~ SECURITY AGREEMENT
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~ 10.1 SECURITY I\TEREST. TI]1S Atortgage shall be construed as a
; "Security Agrcement" ~vilhin the meaning -of and shall create a security -
interest under the Uniform Commercial Code as adopted by ti~e state in
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