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~ssignments znd otl~er inst~ um~nts sufficient for the , urp~se of •issiryning the
atoresaid aav~rds t~ the ~~•~iortga~e.~. fr^e, cl~~r and di:,charqeci of any an~i all
e~cwnbrance:; of ~ny kind or n~~ture whatso~ver, pruvtd~d, how~vrr, ']artgic~~e
sh.Zll not rec~~ive ~~n~ hold r-iore than tne tot il amount co whlch ic is tl~en entitled
includin~ principal, interest, co~ts and fPes.
16. N~tv~ithstandtng ~nytl~ing to the con~: ary =~ape~ri~g herein, in
the event c~f any br:~-ich or d~f•~ult ~ther th~~n fror~ f~ilure to pay prlncioal and
interest re~uir.~J by the ~~lo-e, lortg~,ar sh•~11 have ~ thirty (30) ~iay ~r~ce
period •~fter writt~n notice fror.i '-ic~rtgaqe~ of such breach or dAfa~,~lt, within
which to correct or rA~n~dy any such breach or ~ief3ult; provi~'ed, t~o~vever,
thAre sh~ll be no grac~ pcriad ~3:~d no require.~ ent ~# ~vritten rotic~ as reaard-
ing any paym~nt of principal or interest due .ind payabl~ in accord3nce wlth
the terms of the :`t~r ~.
17. The ter~~ "'•+.ortgaqor" ~s used herpin shall inclu~ie jointly ancl
severally, ~~11 perscr,s, ii more th.~n one, wi~o are s~ design~ted in th~ caption
h~reof ~ne~ tneir ~ucces5ors or 3s;ic~ns; '" tort~agee" ~~s use:l hPr~in sh,311 inclu:~~
the ~ ~o: tgay~e nam~d here:n, its suc~~ssors ~nd ~; s~c~ns; ~nd ~ny v~ord or ~~»r~s
herein raferrinq to the -n:~s~ulin~ q~nder sh~ll inctu~~ che ~~~r.inine :nd n~ut~r
genders whenet~er the cont~xt ~o requires or dA~ ~n;is, and like~•~isP 3ny ~vord
or «-ords h~rein rnferring to the ne~t~r gen~ler shall include t~e r.~asculi~e and
fer*minine gender ~ .
1~3. '.4ortgac,~r wil~, within r.inety (9~) days follo~ving the end af ~3ch
fise~l y~ar, furnish ro ~:'!rntqaree cor:z~i~te tinanc:.~l st ~t~_m~ntc, rpfl~cting ~ll
details of ck~e nperation of the pre:nises herein ^~~rt7aged, includinq profit .~~.-~
loss st~te:~ent, bal-~ncP she~t an9 r~concili~tion of surplus :vhicti st~~tArti~nt shail
at '~tortga.g2~=s o~tion be c~rtified ~:~ithout qualifi~~tion by audit of certifie:i ~u5i~c
acc:ountants ~ppr~ve~ by ~ Iortga,ee. The cost of sucn ~udic sh~!1 be ~aid ~y
':9ort~agor .
19. In ad~itio~ to the insLr~rce provi-l~d in u.~ra~ri~h 3~bove, ~dort-
ga~or cov~nants th~c, until thc T•lot~ ~ind indebtedn~,s.~ :,ccured hereb~/ are p.31C] ltl
full, t:~e ~.4~rtqagor ~Nill maint~in ou5lic liabilitv insur~nce ir. ~~ounts of not lcs~
th3n Three :iundre~ Tnous~nd ?~~113rs ($3J0,0'10.0~) ~3Ct1 ~CCi~~r.t, '1ne 4unclred
Thousand ~ollar; ~5100,0^~.00) e3ch person, ~:~d i:•n Tliousand 7~113rs (S1~,.OJ~.~~
property da~aqe. '~]ortga~~r c,-i11 furni~h ~~rtg~c7~~:, ~•~ith certificates of such
insuranc~ ,~r~hich ~~~rtifiC~3LnS ~r~il~ provi~?e that the p~lici~s ~ay not be cancelle; i
except up~n not lQss than t~n (1~) ~ays' pri~r ~~~riccen notice to •~ort!~iaee. Upon
bre~ch ~f thp co~;enants of this paragr;p!~, ~ lortg-ic~^e sh~ll be ~ntitl~d to all
remedies avail~bls u:~der para~raph 3 of this -Iortqa~e in addition to ill rem~~di~s
availabl2 c1t 1:1v~ or ~quity.
20. --:tortya~~~r coven~~~:ts ti~a~ it :~ill ~ot i~eteafter lease or enter int~
any agr~ement t~ lnase a:iy ~rti~n ~f ,h~ premi ~es ~nart~~g~d hercby, ~or :~nter
into or a~ree to ~ny alter~cions, modific3tion, amendm~nt, assic~nm~nt, subl^,sinq
or tArrnination o: ~ny existinh lease, ~vithout first ~ubmittin~ such 1~3se ~r ~~Jr^~-
ment to lease or su^h ~lter~tion, modification: assi~~nm~nt, sublea~ing ~r term:nz-
tion to the -:Iortqa~e~ and obtaining it ~ written consent thereto .` 1ort7a~or ~vill
perform in acc~r~anc~ ;~~icn ail nf its ob~i~:,ti~ns a.~ :nssor und~r ~e•~sn; now or
hereaft~r Zs~igned to ~ ~ortq~c~e~ as additic~nal collac~c-~1 f~r this l~~n and will not
enter int~ ~ny l~~se ~r am~ndm~nt ther~t ar cons~~nt t~ ~ny ~ubl~ttin~ or .~s:;i~n-
m~nt, or ~o or f:iil to do any ~ct ~vhich mic~lit creat~~ in ~ny ]~~ssee th~- riqht t~~
ceas. paym•~nt of r~nt cr terr~ln~ite its le~.,e, and ~~~rr.es that 3pproval by the
'~lortgagee of any lea.~~, or 3men~ment t~ l:~ise, .~ssi~rnm~nt ~r ~ubl^tting sh~ll
not rc~lic~-e the ' iort~a~or from the ~bltc~atl~ns ~f th^;~ rnven~nt~. Th~ ~ fort~agor
will co:np~y with e~ch -~nd ~very t~rln and cnn~itlon o: the 11~signm~nt of R~nt~l ;
v~hich further secur~, t;ie ind~btedness evidenced by th~ ~~I~t~.
g~jx346 P~~E2167 ~ '
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