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of the indebtedness secured hereby with interest accrued thereon
shall, at the option of the Mortgagee, become due and payable
without ~otice or demand, time being of the essence of this
- Mortgage and Security Agreement; and ~o omission on the part of
the Mortgagee to exercise such option when entitled so to do
shall be considered as a waiver of such right.
Third: RIGHT OF MORTGAGEE TO ENTER AND TARE
POSSESSION.
(a) If an event of default shall have
occurred and be continuing, the Mortgagor, upon demand
of Mortgagee, shall forthwith surrender to the
Mortgagee the actual possession of the premises, and to
the extent permitted by law, the Mortgagee may enter
and take possession of the premises and may exclude the
Mortgagor and the Mortgagor's agents and employees
wholly therefrom.
(b) .Upon every such entering and taking of
possession the Mortgagee may hold, store-, use, operate,
manage, control and maintain the premises and conduct
the business thereof, and, from time to time, (i) make
all necessary and proper repairs, renewals,
, replacements, additions, betterments and improvements
thereto and thereon and purchase or otherwise acquire
additional fixtures, personalty anc3 other property;
(ii) to insure or keep the premises insured; (iii)
manage and operate the premises and exercise all the
rights and powers of the Mortgagor in its name or
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