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issues and profits may be revoked by Mortgagee upon any default by Mortgagor 1
under the terms and provisions of this Mortgage by giving not less than #
five days written notice of such revocation to Mortgagor; that Mortgagor
shall not have the right or power, as against the holder of this Mortgage
without its consent. to cancel. abridge. or otherwise modify tenancies or
leases of the Mortgaged Property, or any part thereof. in existence on the
date of this Mortgage, or to accept pre-payments of installments of rent to ~
become due thereunder for a period of more than one month in advance:
that in respect of any such lease which now or at any time is co~•ered by
such restriction. Mortgagor will (a) fulfill or perform each and every term.
covenant and provision of any such lease to be fulfilled or performed by i
the lessor thereunder; (b) give prompt notice to Mortgagee of any notice
received by -Mortgagor of default by the lessor thereunder, together with
a complete copy of any such notice. and (c) enforce. short of termination - # _
thereof, the performance or observance of each and every term. covenant ~
and provision of any such lease by. the lessee thereunder to be performed i
or observed: and that. in the event of any default under this Mortgage, Mortgagor i i
will pay monthly in advance to Mortgagee, or to any receiver appointed to ~ i
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collect said rents. issues and profits. the fair and reasonable rental value
for the use and occupation of such part of the Mortgaged Property as may j
be in possession of Mortgagor. and upon default in any such payment, -will ~
vacate and surrender possession of such part of the Mortgaged Property t
to Mortgagee or to such receiver. and in default thereof, Mortgagor may
be e~•icted by summary proceedings or otherwise. i
9. The Mortgagor will. at the cost of the Mortgagor, and without
expense to the Mortgagee, do, execute, acknowledge. and deliver all and ;
every such further acts, deeds, conveyances, mortgages, assignments. t
notices of assignments, transfers and assurances as the Mortgagee shall { ~
from time to time require. for the better assuring, conveying. assigning. t
transferring and confirming unto the Mortgagee- the property and rights ~
hereby conveyed or assigned or intended now or hereafter so to be, or which
' the Mortgagor may be or may hereafter become bound to convey or assign ~
to the Mortgagee, or for carrying out the intention or facilitating the performance }
of the terms of this Mortgage and/or the Loan Agreement, or for filing, registering
or recording this Mortgage and/or the Loan Agreement, and, on demand,
will execute and deliver, and hereby authorizes the Mortgagee to execute
in the name of the Mortgagor to the extent it may lawfully do so. one or more ~
~ financial statements, chattel mortgages or comparable security instruments,
to evidence more effectively the lien hereof upon the mixed or personal property .
~ 10. (a) The Mortgagor forthwith upon the execution and delivery
~ of this Mortgage and thereafter from time to time, will cause this Mortgage,
the Loan Agreement and any security instrument creating a lien or evidencing !
the lien hereof upon the mixed or personal property and each instrument ~
of further assurance to be filed, registered or recorded in such manner
and in such places as may be required by any present or future law in order '
to publish notice of and fully to protect the lien hereof upon, and the interest
of the Mortgagee in, the Mortgaged Property..
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(b) The Mortgagor will pay all filing, registration or recording t
fees, and all expenses incident to the preparation, execution and acknowledgment L
of this Mortgage, any mortgage supplemental. hereto, any security instrument i
with respect to the Chattels, and any instrument of further assurance. and
all federal, state, county and municipal stamp taxes and other taxes. dutirs. _
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