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all or any part of the Indebtedness shall be r~lieved of such obligadon by
reason of the failure of Mortgagee to comply with any request of Mortgagor
or of any other person so obligated to take action to foreclose on this Mort #
gage or otherwise enforce anq provisions of the Securitq Documents or the ~
Note, or by reason of the release, regardless of consideration, of all or any ~
part of the security held for the Indebtedness, or by reason of any agree- #
~
ment or stipulation between any subsequent owner of the Mortgaged Prop- ~
- ertq and Mortgagee extending the time of payment or modifying the terms ;
of the Security Documents or Note without first having obtained the s
consent of Mortgagor or such other person; and in the latter event Mort ;
gagor and all such other persons shall continue to be liable to make ~
_
payment according to the terms of any such extension or modification
i agreement, unless expressly released and dischazged in wrlting by
; Mortgagee. . '
F 7.6 RELEASE OF COLLATERAL, EFFECT ON SUBORUINATE LIEN&.
Mortgagce may release, regardless of consideration, any part of the securitp
held for the Indebtedness or Obligations without, as to the remainder of
the security, in any way impairing or affecting the liens of the Securily
~ Documents or their priority over any subordinate lien. The holder of any
~ subordinate lien by the acceptance of such subordinate lien agrees w be •
~ bound by the terms of this section 7.6.
~ 7.7 OTHER COLLATERAL. FOI p1fI1]BIIt of the Indebtedness, Mort-
~
~ gagee may resort to any other security therefor, if any, held by Mortgagee
~ in such order and manner as Dlortgagee may elect without affecting its
~
remedies under this 111ortgage, to the maximum extent permitted by the
~ la~vs of the state in which the l~iortgaged Property is situated.
'T.$ ~~AIVER OF REDEDiPTI011T, NOTICE, MARSHALLING, ETC. R~OI'L-
_ gagor hereby ~vai~~es and releases, to ihe maximum extent germitted by
~ the la«-s of the state in ~vhich the ~liortgaged Property is situated:
(a) all benefit that might accrue to Atortgagor by virtue of any
- present or future law exempting the hiortgaged Property, or any
part of the proceeds arising from any sale thereof, from attach-
- ment, levy or sale on execution, or providing for any appraise- _
ment, valuation, stay of execution, exemption from civil process,
- redemption or extension of time for payment, and '
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