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(I) During the continuance of any such Event
of Default, the Mortgagee, by written notice given to the ~
Mortgagors, may declare the entire principal of the Second
Replacement Note then outstanding (if not then due and
payable), and all accrued and unpaid interest thereon, to be
due and payable immediately, and upon any such declaration
the principal of the Second Replacement Note and said
accrued and unpaid interest shall become and be immediately
due and payable, anything in the Second Replacement Note or
in the Mortgage to the contrary notwithstanding.
(II) During the continuance of any such Event
of Default the Mortgagee personally, or by its agents or
attorneys, may enter into and upon all or any part of the ,
Mortgaged Property, and each and every part thereof, and
may exclude the Mortgagors and the Developer, their agents
and servants wholly therefrom; and having and holding the
same, may use, operate, manage and control the Mortgaged
Property and conduct the business thereof, either personally
or by its superintendents, managers, agents, servants,
attorneys or receivers; and upon every such entry, the_
Mortgagee, at the expense of the Mortgaged Property, from
time to time, may maintain and restore the Mortgaged Prop-
erty, whereof it shall become possessed as aforesaid; and
likewise, from time to-time, at the expense of the Mortgaged
Property, the Mortgagee may make all necessary or proper
repairs, renewals and replacements and such useful altera-
tions, additions, betterments and improvements thereto and
thereon~as to it may seem advisable; and in every such case
the Mortgagee shall have the right to manage and operate the
Mortgaged Property and to carry on the business thereof and
~ exercise all rights and powers of the Mortgagors and the
Developer with respect thereto either in the name of the
~ Mortgagors or the Developer or otherwise as it shall deem
~ best; and the Mortgagee shall be entitled to collect and
receive all earnings, revenues, rents, issues, profits and
income of the Mortgaged Property and every part thereof, and
~ after deducting the expenses of all maintenance, repairs,
renewals, replacements, alterations, additions, betterments
and improvements and amounts necessary to pay taxes, as-
sessments, insurance and prior or other proper charges upon
the Mortgaged Property or any part thereof, as well as just
and reasonable compensation for the services of the Mort-
gagee and for all attorneys, counsel, agents, servants and
other employees by it properly engaged and employed, the
Mortgagee shall apply the monies arising as aforesaid,~first
to the payment of the principal of the Second Replacement
Note and the interest thereon, when and as the same shall
become payable and, second, to the payment of any other sums
required to be paid under the Mortgage.
E (III) Mortgagee shall have the right, upon the
happening of any such Event of Default, in addition to any
~ other rights or remedies available to it under the Mortgage i
or otherwise provided by law, to enter into possession of
the Premises and perform any and all work and labor neces-
sary to complete the Improvements substantially in accor-
dance with the Preliminary Site Plans and employ watchmen to
protect the Premises and the Improvements; all sums expended
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F Ba~342 PA~E1692