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Home My WebLink About0233 . ~a~:~?4 e~~~ , ~ . ~ ~ ` ~;_l..niR (a) To tti~a payment of the~operating expenses of ~sid property, including cost or r,~:zr?zz~aant and leasing thereof (which silall inclule reasonable compensation to thz ~ ::ort~agee and i[s agent or a~e.nts, if management oe u~iebaceu ~u a?'. «b~.?:. VL wa..-....., ~~~td it shal~ also inctude lease cmmmissions and other coff.pensation and expenses of seeking and procuring tenants and entering into lcases), estzblish clai~ for daa~ages, ~f zny, and premiums on insurance hereinabove authorized: (b) To the pay.nent of taxes and special assessments now due or ~rhich ulay here- a:te: become due on ~said premises; (c) To the payment of alI repairs, decoratir.g, renewals, replace:nents, altera- tions, additions, or bettenaents, and improv«nents of said pr~ises, including tha cost f~om ti.-ne to tine of installing, replacing refrigeration and gas or electric stoves thErein~ and of placing said property in such condition as Mrill, in the judg- ment of the mortgagee, make it readily rentable; (d) To the payment of any indebtedness secured by the described mortgage or any deficiency which may result from any foreclosure sale. : The undersigned does further specif ically authorize and instruct each and everq present and future lessee or tenaat~of the Whole or any part of the above described premises to paq all unpaid rental agreed upon in any tenancy to the mortgagee upon receipt of demand fraa said mortgagee to pay the same. . It is understood and agreed that the pravisions set forth in this assig~mmeat herein shall be dee~ned as a special remedy given to the mortgagee, and shall not be : deemed eacclusive of any of the renediea granted in the above described mortgage, but shall be deemed an additional remedy and shall be cumulative with the reaedies there- in graated. Whenever the Word "undersigned" is mentioned herein, it is herebp understaod that the same includes and shall be binding upon successors and assigns (including successors by consolidation) of the undersigned, and any partq or parties holdin~ *_;*_?e to Lhe above described nremises by, through or under the undersigned. All of the rights,~overs, privileges and inanunities herein granted and assigned to the mort- gageeshall also inure to its successors and assigns, including all holders, fram time ~ to time, of the above described note. ~ ~ i ~ It is expressly understood that no 3udgment or decree which ~ay be entered on $ `s ' ; any debt secured or intended to be secured by the above described mortgage shall } opzrate to abro;ate or lessen the effect of this instrument, but that the same shall ~ continue in full force and effect until the paycnEnt and discharge oF any and all ° indebtedness may be and until the indebtedness secured by said mortgage shall have been paid in full and all bills incurred by virtue of the authority herein contained ~ have been full paid out of rents, issues and profits of the property, or by the under- signed, or until such time as this instrument maq be voluntarily released. This instru- ~ y nent st~all also remain in ~ull force and effect during the pendency of any foreclosure proceedings, both before and after sale, until the issuance of a deed pursuant to a foreclosure decree, unless indebtedness secured by the above described mortgage is ~ fully satisfied before the expiration of any period of redesnption. IN WITNESS ~iHEREOF the undersig ed has hereunto affixed his (their) (its) signature (s) and seal (s) this day of ~~t~ , 19~„~ ~ OUTDOOR RESORTS OF AMERICA, INC. ~ _ q . , ` ~J _ . L T--- ; , . . Pr~esident - ~ . - K~ _ . . - ~ ~ ` , . _ 3 ~ ~ ~ ~s . - ~ ~ ~ ~ ~ ~ ~ p R ~ - 3 - FGi~(;~VV ~L= ~ ~ - - - - - , - - . -z ~ j 6K ~ . ~ . _ .F ._..lp~