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Home My WebLink About2809 1 (d) Mortgagees. Notwithstanding anything con- tained herein, it is agreed that any institutional first mortgagee owning an institutional first mortgage encwnbering the Recreation Center, may hold such insurance proceeds and funds and may impose such terms and conditions to require the Association to supplement such funds in such amounts as may be necessary to pay for recon- struction and repair, to the disbursement of the same, and to such other matters relating to suc6 funds and proceeds, as such n?ortgagee may require. 20. MORTGAGES. No mortgage lien, or other encumbrance ~ against a duplex unit shall be considered or construed as a mortgage, ! ~ ~ lien, or other encumbrance against the fee simple title of the Lessor _ ~ in and to the Recreation Center or the Lessee's interest under this ~ lease. r , ~ € ~ 21. AGENCY. To the extent that it shall be necessary to ~ c perform any of its promises and covenants herein or to exercise ~ any of its rights, privileges and remedies, and as provided in the ~ deed restrictions placed on each unit, the Lessee shall, at all ~ ~ times, be the irrevocable agent-in-fact for each duplex unit owner, ~ ~ except the Lessee shall not at any time be the agent-in-fact for ~ " covenants and the exercise of such rights, remedies and privileges, ~ ~ ~ the Lessee shall be deemed to be acting for itself and as agent-in- ~ _ ~ fact for each and every of the above described parties. ~ ~F ~ 22. LESSEE'S COVENANTS TO THE LESSOR. None of the Lessee`s ~ ~ covenants and promises shall in any way be reduced, abated, suspended ~ ~ r~~p -28 - b00K ~.~1.0 PACf ~ ~ - ~ ~ ~ _ : - ~ ` ~ A~ ~y~~..