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the Project for the account of the Company, holding the Company
liable for the difference in the rent and other amounts payable
by such lessee in such leasing and the amounts due and payable
by the Company hereunder.
(C) Enter and take possession of the Mortgaged Property
and the Project, or obtain the appointment of a receiver for
• the purpose of such receiver's entering and taking possession
of the Mortgaged Froperty and the Project, having the right to
manage the Mortgaged Property and the Project and carry on the
business of the Company with respect thereto and to exercise all
the rights and powers of the Company with respect to the
Mortgaged Property and the Project either in the name of the ~
Company or otherwise, as the Trustee or receiver sha11 deem ~
best; and the Trustee or such receiver shall be entitled~to ~
collect, take and receive all fees, earnings, income, rents,
issues, and profits of the Mortgaged Property and the Project,
and after deducting the expenses of operating the Mortgaged
Property and the Project and of conducting the business thereof,
and of all repairs, maintenance, renewals, replacements,
alterations, additions, betterments and improvements, and
all payments or reserves that may be set up in the Trustee's -
or receiver's discretion for taxes, assessments, insurance
and other proper charges upon or in connection with the
operation of the Mortgaged Property and the Project or any f
part thereof, as well as just and reasonable compensation for
the Trustee's and receiver's services and for the services of
counsel, agents and employees by it properly engaged and employed, '
and after making reimbursement to the Trustee and the receiver - ~
for their respective expenses, the Trustee shall apply the
moneys received by it pursuant to this Section as if such
maneys were received by the Trustee as installments upon the
purchase price pursuant to the provisions of Section 3.03 of -
this Agreement.
(D) Take whatever action at law or in equity may appear
necessary or appropriate to collect the sums then due and
thereafter to become due froM the Company by reason of
this Agreement, or to enforce specific perforr.iance and
observanc~ of any obligation, agreement or convenants of the '
Company under this Agreement. ;
,
Section 7.03. AUTHORIZATION TO FORECLOSE. In order
to further and more fully secure the payment of the principal ~
of and interest on the Bonds upon the happening of any event of
default as hereinafter provided the Issuer and the Company
do hereby authorize and permit the Trustee for and on behalf
and in the name of the~Issuer to foreclose the Company's and
; the Issuer's interest in the Mortgaged Property and the
! Project including the land by foreclosure in the manner
j provided by Florida Statutes which remedy shall be in addition `
to the other remedies provided in Section 7.02, in Article XI,
! and any other applicable provisions of this Agreement. `
Section 7.04. 2dOTICE TO BONDHOLDERS. The Trustee '
shall give written notice by registered mail of the occurrence
of every event of default to every bondholder who shall have
filed with the Trustee his address.
Section 7.05. NO REMEDY EXCLUSIVE. No remedy herein
conferred upon or reserved to the Trustee or to the Issuer,
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