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(a) the repayment of the indebtedness evidenced by the
Mortgagor's Mortgage Note bearing the same date as this Mortgage,
in the principal sum (subject to certain adjustments) of Nine ~
Million and No/100 Dollars ($9,000,000.00), which is referred to
in this Mortgage as the "Note", and a copy of which is attached to
this Mortgage as Exhibit B and incorporated by reference into this
Mortgage;
(b) the payment of all subsequent adjustments in the
principal amount of the Note, with interest, as provided in the
Note;
(c) the payment of all other sums, with interest,
advanced in accordance with this Mortgage; and "
(dj the performance by the Mortgagor of the covenants ' `
and agreements set forth in this Mortgage.
The sums idPntified in paragraphs (a), (b), and (c)
above are together referred to in this Mortgage as the
"Inde~tedness".
The Mortgagor and the Mortgagees convenant and agree as
follows:
1. Pavment of Principal and Interest. The Hortgagor
sha11 pay promptly when due all principal and interest under the ;
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Note, and all other sums included in,the Indebtedness and secured ~
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by this Mortgage.
2. App2ication of PaXments. Unless applicable law
otherwise provides, all payments received by the Mortgagees from ~
the Mortgagor under the NoEe or under this Mortgage shall be
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applied by the Mortgagees in the following order of priority:
~ ,~ 349 P~~E 2~~55