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Premiecs or nny portioii tl~ercof, h~ill notify ilic 1liartsabeQ of tLo -
. ~ pendency of such procec~lings: `1'hc I~tortgngcc m:~y participntc in uny . ~
- sucL proccediubs nnd tl?e \torlga~or frnm time to timo ~~•ill deliver to .
~ • tho 11lortoa~co all instrumcuts requcsted by it to l~crmit such partici-
pation. In tlie event of si~ch conclem~r~tion proceediAgs, tho n~vurd or
compensalion pzyablc is liercby nssigncd to and s1i111 bo pnid to tl~o
~Lortg~~cc. '1'lic l~{ortaa~ce sl~all be u»dcr no obligution to c~uestion
tLe nmau: t of any sucli :~w~rd or compcusntion n~id muy uccept tl~o
samo in tLc nniount i~i ~r~LicL thc sainc shall bQ paid. In uriy such
condemnation procecclings lLc 11lort;~sce may be representcd~ by
counscl sclected by tlic Diort~a~ee. Tl:c procccds of anp a~rai•d or
. compensatian so receit?ed shall, at t~~e optioii ot
/ . the N?or~~a~ee, either be applied, without premium, ::o
~ _ '.:he prepa;znen'_ of the ilote and a~ the raLe of inter-
; est proviaed ~herein regardless of ~he rate of infer-
$ est payable on the award by the condemning authority,
s or be paid over to the Mortgagor for restoration of
~ the Improvements.
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~ ' S~c-rio~ I1~~. ~a~ ~~•i~~ i ort;;a~or will 'i~ se'-? , ~
~ transfer or convey the Mortgaged Property to anyone
other than bona fide purchasers of ~ondominium units;
~ (ii) lease a11 or substantially all of the Mortgaged
~ - Property; (iii) further e.ncumber the Mortgaged Pro-
~ perty. ~
~ (b) T~Ze .~or~~l~or a; r^es t?ia~ i~ a-:y -~c~io.i
or proceeding be commer~ced, excepting an action to foreclose ~
~ this Mortgage or to collect the indebtedness hereby secured,
to which action or proceeding the Mortgagee is made a party
by reason of the execution of this Mortgage or the Note which
~ it secures, or in which it becomes necessary to defend or up-
`=~K hold the lien of this Mortgage or the transaction giving rise
to this Mortgage, all reasonable sums paid by the Mortgagee
" for tite expense of any litigation to prosecute or defend the ~
transaction and the rights and lien created hereby (including, i
without limitation, reasonable attorneys' fees) shall be paid
by the Mortgagor together with interest thereon from date of
m~.~ ~y ~h~~ t~io~;.•; .;,~~e a~ the I7~colu-ita~y i::ite. All sucii 1
`rf .~i~ms ~aic; and ~iie i--~e~est thereon- si.all be immec:iat~l~ Gue
a:id a able shall be a lien upon the Mortgaged Property
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and shall be secured hereby.
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. . _r:; 224 PA~E 549 ~
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