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HomeMy WebLinkAbout2870 2~ constructive notice must be giv~n to protect riortgagee, at all times to be recorded and tiled, and re-recorded and re-filed, in such manner and in such places as \Iortgagee shall reasonably request, and will pay all such rec:ording, filing, re-recording, re-filing taxes, fees and oiher charges to the ma~imum exteut pcrmitted by the la~ss of the state in ~vl~ich the Aiortgaged Yropert~ is situated. 11.4 Loniv EYPENSES. TO the extent permitted by the laws of the state in which the Diortgaged Properry is situated, biortgagor shall pay all costs and expenses in connection ~vith the preparation, execution, delivery, recording, and performance of the Security Documents, including, but not limited to, fees and disbursements of counsel appointed by ~iortgagee to prepare the loan documents, recording costs and e.r-penses, stamp and other taxes, surveys, appraisals and policies of tide insurance. 11.5 NO REPRESE~i TATION BY ~IORTGAGEE. By BCCCPiIIlg OI apPTOVlIIg anything required to be observed, performed or fulfilled, or to be given to rlortgagee, pursuant to the Security Documents, including (but not limited 4 to ) any officer's certificate, balance sheet, statement of profit and loss or ~ other financial statement, survey, appraisal, insurance policy or any in- ~ spection report under the Loan Agreement, ~~tortgagee shall not be deemed ~ to have warranted or represented the sufficiency, legality, effecdveness or ~ legal effect of ihe same, or of any term, provision or condition thereof, and P ~ such acceptance or approral thereof shall not be or constitute any ~vairanty or representation ~vith respect thereto by Mortgagee. 11.6 1~oricE. All notices, demands, requests and other communica tions required under the Security Documents and d~e I~ote shall be in ~ writing and shall be deemed to have been properly given when deposited in the United States mail and sent by United States first class mail, posiage ~ prepaid, addressed to-the part}~ for whom it is intended at its address set ~ • forth in the preamble hereof. Any party may designate a change of address ~ by written notice to the oihers, given at least ten (10) days before such ~ change af address is to become effective. ~ 11.7 D'~ORTGAGEE~S RIGHT TO PERFORDi THE OBLIGATIONS. If Aiort- gagor shall fail to make any payment or perform any act required by the ~ Note or the Security Documents, then, at any time thereafter, without notice to or de~nand upon ~Iortgagor, except as herein provide;l, and ~vitii- ~ out ~vaicing or reteasing anti Ob.i~ation or ~vent oF Defauli, ~Iortgz~ee ~ z.: ~2 ~ ~ ~ ~ ~Ei ~ ~oox ~8 ~as~ 2~ ~ ~ - ~ ~ _ - ~ ~ ~ _ ~ ~ : - x~. ~ ~ r ~s4 ~ ~ ~ _ _ -`~e.~~~-~'~ "~'w ~ . _ .