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1lssiqnor in saicl sul~lease (s) containec3; and in cYercisinq ~ny such powers
+-..Q t^. 81 ;~nrnccarv r~St'~ c111C~ ~~nc~nses ~ Cr;q~O,V COUY2S@1 c121C~ 1f~CL1Y' c~71C~ Pay .
reasonable attorneys' fees.
To pay isv^ediately unon der~ancl all sur~s expencled
by ttie :1ss~ciation under t:ic: aut:iority nereof , toge~her ~~llt~l interest
thereon at S-1/2 per cent ner annum.
i~. IT IS :"~tU2'U11LLY FGRL:t:I~ TIII`~1':
1. So lonq as t`:ere s.1a11 exist no c3efault by 1lssiqnor
in the payrtent of anv indehtec?r.ess securec? hereby or in the performance
of any obliaation, covenant or ac~rcer;ent herein or in said mortgage or
suUleases (s) , 1lssignor s1i~11 }~~~ve the riqht to collect unon, but not
prior to accrual, all rents, issues ancl profits £ror~ said subleased
prer.;ises and to retain, use anc? enjoy tllc sar;e,
2. U~or. or at- any tir^.e after c?efault in the ~ayment of
anv indebtedness secu~ec? ;erehy or in t'~e perforrlance of anv ob-
liqationr covenant or aqrec*~ent hcrezr. or ir. saic~ r.tortc?age or lease (s)
tilE' i1SSOCldt1C?^i flc."lV t:eclarc ~~1~. S?1T`S ~ec=arec'. :iereby in.mediately (~U~
ancl pa~~able, ancl r*iay, at its option, e:~ithout notice, anci t~rithout
reqarci to t?ic ac?c~uacv of securit~.~ f~r tiie inr.chtec?ness hereb}? secureci,
~ither in per~~*~ or i~:~ ac*~nt ~•~ith or ~~rit::out Lrinain~ any action or
proceeciing, or i~y ~ recei~?er t~ ae anoointec' bv a court, enter unon,
ta}:e rossessicn of , nana~?e anc: oneratc saic: der^ised nrer;ises or any
rart tilereof ; r~a}.e, cancel, en`orcc~ or ~oc?i fy leases; obtain and .
` evict ten~znts, an~? fi~; or ^?bCi1fV rents, anc: do any acts which the
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! ~:ssociation c:ee:ls nroper to protect the securitv :iereof , anc~ either
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~ ~ti~it;~ or ~:*ithout t~~:inc~ ~ossession oF said prooerties, in its ow.n
i
~ na~e sue for or ot:.err: ise collect anc? rcceive suc.z rents , issues and
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~ c~rofits, inclt2din~ t;lose nast ciue anci unpaic:, and anply the sar~e,
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less costs anc~ expenses of operatian anci collection, includinq rea-
~ona~le at~orney's tces, unon anv ir.~;chteciness securec3 ;iereby, and
in such orcler as the P.ssociatio:i r~ay deterr~ine. T?ie enterine~ upon
i anc: takinq ~~ossessicn o£ saic: pro~~rty, t~e collection of suctl rents
;
' issues ancl profits anc~ the a:~~Zication thereof as aforesaicl, shall
not cure or L•:aive ar,y default or ~aaive, r;oc:ifv or effect notice of
~e~aul~ ~anc:er siacl mort~aqe or inval ic?ate an~~ act done pursuant to
i such notice.
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