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for principal or interest on this Mortgage and whether any offsets
or defenses exist against the t9ortgage indebtedness.
Section 1.11. t+brtgagor will not commit any waste on
the Premises or make any change in the use of the Premises which
will in any way increase any ordinary fire or other hazar~ arising
out of the construction or operation. Mortgagor will, at all
times, maintain the improvements on the Premises in good operating
order an~ condition and will promptly make, from time to time, all
repairs, renewals, replacements, additions and improveinents in
connection therewith whicti are needful or desirable to such end.
After completion of the improvements on the Premises, they shall
not be removed, demolished or substantially altered, nor shall an.y
personal property be removed without the prior written consent of
rbrtgagee, except where appropriate replacements free of superior
title, liens and claims are immediately made of value at least
e~ual to the value of the persbnal property removed, and that no
building or other property now or hereafter encumbere~3 by this
~Sortgage shall be removed, demolished or ~~aterially altered, with-
out the prior written consent of Mortgagee.•
Section 1.12. rbrtgagor,.immediately upon obtaining
knowledge of the institution of any proceedings for the condemna-
tion of the Premises or any portion thereof, will notify Mortgagee
of the pendency of such proceedings. Mortgagee may ~articipate in
any such proceedings and Mortgagor from time to time will deliver
to Mortgayee all instruments requested by it to permit such parti-
cipation. In the event of such condemnation proceedings, ttie
award or compensation payable is hereby assigned to and shall be
paid to Mortgagee. bbrtgagee shall be under no obligation to
question the amount of any such award or compensation and may ac-
cept the same in the amount in which the same shall be paid. In
any such condemnation proceedings, Mortgagee cnay be represented by
counsel selected by Mortgagee. The proceecis of any award or com-
pensation so received shall, at the option of Nlortgagee,~either be
applied, without premium, to the prepayment of the t~ote secured
hereby and at the rate of interest provided therein regardless of
the rate of interest payable on the award by ttie conder.-niny
authority, or be paid over to Mortgagor for the restoration of the
improver.~ents on the Premises.
Section 1.13. (a) Nlortgagor will not: (i) execute an
assignrnent of the rents, issues and profits, or any part thereof,
fror~ the Premises unless such assignnent is to hbrtgagee; or (ii)
except where the lessee is in default thereunder, terminate or
consent to the cancellation or surrender of any lease of the Pre-
r:iises or of any part thereof, now existiny or hereafter to be
made, having an unexpired term of two (2) years or more, except
that any lease may be cancelled provided that ~romptly after the
cancellation or surrender thereof a new lease is en~ered into with
a new lessee having a credit standing, in the judgment of Mortga-
gee, at least equivalent to that of the lessee whose~lease was
cancelleci, on substantially the same terr~s as the terminated or
cancelled lease; or (iii) modify any such lease so as to shorten
the unexpired term thereof or so as to decrease the amount of the
rents payable thereunder; or (iv) accept prepayments of rent far
more than two (2) months in advance, or prepa yments in the nature
of security for the performance ~f the lessee thereunder, without
the written consent of Nbrtgayee; or (v) in any other manner im-
pair the value of the mortgaged properties or the security of this
Nbrtgage. .
(b) Mortgagor will•not execute any lease of all or a
substantial portion of the Premises except for actual occupancy by
the lessee thereunder, and will at all tir,-es promptly and faith-
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