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imposts, assessments and charges arising out of or in connection with the
execution and delivery of the Note, this Mortgage, any mortgage supplemental }
hereto, any secut•ity instrument with respect to the Chattels or any instrument ,
of further assurance. t
11. That the execution and delivery of this Mortgage has been duly
authorized by the Board of Directors of such corporation: and that, if required
by the Certificate of Incorporation of such corporation. the execution and ~
delivery of this Mortgage has been duly consented to by 'the stockholders
of such corporation . The Mortgagor will do all things necessary to pt•eset•ve
and keep in full force and effect its existence. franchises. rights and privileges
as business or stock corporation under the laws of the state of its incorporation
and will comply with all reguiations, rules. ordinances. statutes. orders _
and decrees of any Governmental Authot•ity or court applicable to the Mortgagor
or to the Mortgaged Property or any part the:-eof .
12. The Mortgagor, .from time to time when the same shall become ?
due. and during the Construction or Development Periods as soon as the
same become liens whether or not then due and payable. will pay and disritarge
all taxes of every kind and nature (including real and personal property
taxes and income, franchise, withholding. profits and gross receipts taxes).
~ ~ all genet•al and special assessments. le~•ies, permits, inspection and license '
fees. all water and sewer rents and charges. and all other public charges
whether of a like or different nature, imposed upon or assessed against
it or the Mortgaged Property or any part thereof or upon the revenues. rents.
issues. income and profits of the Mortgaged Property or arising in respect
of the occupancy, use or possession thereof. The btortgagor will upon the
request of the Mortgagee. deli~•er to the Mortgagee receipts evidencing the
payment of ali such taxes, assessments, levies, fees. rents. and othet• public
charges imposed upon or assessed against it or the Mortgaged Property or . ~
~ the revenues, rents. issues, income or profits thereof.
l3. The Mortgagor will pay, from time to time when the same shall
become due, all claims and demands of mechanics, materialmen. labot•ers.
and others which. if unpaid, might result in, or permit the creation of, a ;
~ lien on the Mortgaged Property, whether paramount or subordinate to this
~ ~ Mortgage. or any part thet•eof, or on the revenues. rents, issues. income i
and profits arising therefrom and in general will do or cause to be done
.everything necessary so that the first lien of this Mortgage shall be fully •
preserved. at the cost of~the Mortgagor. without expense to the Mortgagee.
14. The Mortgagor will keep adequate records and books of account
in accordance with generally accepted accounting principles and will permit
the Mortgagee. by its agents, accountants and attorneys. to visit and inspect .
the Premises and examine its records and books of account and to discuss
its affairs, finances and accounts with the officers of the Mortgagor, at such
reasonable times as may be requested by the Mortgagee.
l5. That the Mortgagor will keep all real, mixed and personal propci-t~
_ now or hereafter encumbered by the lien of this Mortgage insured. as may
be required from time to time• by the Mortgagee, against loss by fire. windstorm
and other hazards, casualties and contingencies and war risks, if available.
including. during the course of any construction and/or development ~vot•k, .
builders' allrisk completed value, non-reporting from insurance, for such
periods and for not less than their full insurable value or such amounts as
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