HomeMy WebLinkAbout2320 The Mortgagee, at its option, in any instrument of
release, may reserve such easements for ingress and egress and
for public utility purposes upon, over and under the portion of
the Premises released in favor of and for the benefit of the
balance of 'the premises remaining subject to the lien of this
mortgage, as the Mortgagee in its reasonable discretion shall_
deem necessary to prevent the portion of the premises re-
maining subject to the lien of this mortgage from being isolated,
substantially inaccessible or without adequate means of egress and
ingress or without adequate means of obtaining public utilities.
In no event shall the Mortgagee be required to give releases for
less than three (3) Units at any one time and the Mortgagor shall
not make requests for releases more frequently than once every week.
42. NOTHING CONTAINED IN THIS MORTGAGE, •AND IN PARTIC-
ULAR THOSE PROVISIONS REQUIRING THE MORTGAGOR.TO OBTAIN THE MORT-
GAGEE' S APPROVAL TO THE SUBMISSION OF THE PREMISES TO THE CO\1DObiIN-
IUM ACT, SIiALL BE CONSTRUED TO MAKE THE MORTGAGEE THE AGENT OR
REPRESENTATIVE OF, OR A PARTNER OR JOINT VENTURER WITH, THE MORT-
GAGOR, OR TO RENDER THE MORTGAGEE LIABLE TO ANY PURCHASERS OF_,,,UNITS
OR ANYONE CLAIMING THROUGH OR UNDER THEM APiD THE CONSENT AND~APPROVAT
BY THE tORTGAGEE OF THE DSORTGAGOR' S SUBMISSION OF THE PRL:~IISES TO
. THE CONDOMINIUM ACT, INCLUDING THE MORTGAGEE'S P.EVI~W APID APPROVAL
OF CERTAIN DOCUXiEtJTS A'8D INSTRUMENTS IN CODTNECTION THEREI•ITTH, SHALL
BE DEEMED AS HAVING BEEN MAflE BY THE MORTGAGEE SOLELY FOR THE MORT-
GAGEE'S OWN ACCOUNT TO PROTECT THE MORTGAGEE'S IYVESTAIENT IN THE
PREMISES AND SHALL NOT BE CONSTRUED, IN ANY EVENT, AS A~'~? ENDORSE-
MENT OR APPROVAL BY THE AiORTGAGEE OF ANY REPRESENTATIONS, FACTS. _
OR WARRAP7TIES SET FORTH IIJ SUCH DOCUMENTS OR INSTRUMENTS ON WHICH
ANY THIRD PARTY MAY PEACE RELIAIICE.
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