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liquidation or other similar prooeedir~gs shall be institut,ed by or against the Mortgagor L~or
all ar any part of its pro~erty under the Title 11 of the United Statea Wde, "eankruptcy",
or other law of the Unit~ed 8tat~es o~ of any state or other oa~q~et~ent juri~diction~ (danestic
or foreign) and, if against the l~brt~gagor, it shall oon.qent tt~reto or shall fai l to causge ~
the same t,o be discharged within thirty (30I days. . I
1~. I~nedies. If an ~v~ent of Default shall a.~cur, Mortgagee may, at its options
(a) Acoeleration. Declare the unpaid portion of the principal of the Note and E
all interest accrued and unpa~id tt~reon, bogether with all ott~r amounts secuted hereby, to ~
be due and payable iim~ediately, whereupon such suns shall vmnediat,ely beoame and be due and
payable. "
(b) Possession and Use of Mortgaged Premises. Mortgagor, upon demand of ~
Mort,gagee, stkill surrender to Nbrtgagee the actual possession, and if and to the extent }
permitted by law. M~rbgagee ftself, o~ by se.~ch officers or agents as it may appoint, may 7
ent~er and take pos9essior~ of all the ~+brtgaged Premises, and may exclude Mortgagor and its
agents and emplc~ees wholly therefran, and may have joint access with Mortgagor to the
books, papers and acoounts of Nbrtgagor. Upon ev~ery such enterirg upon vr taking of posse9- i
sion, M~rbgagee may bld, store, use, aperate, manage and oontrol the M~rtgaged Premises artid
conduct the business thereof, and, fran ~ime to time:
(i) mak~e all neoessary and proQer maintenanoe, repairs, renewals, replace-
ments, additions, betternients and improMernents thereto and_thereon and purchase or otherwise
aoquire additional fixtures, personalty and other property; ~
( i i) insure or keep the Nbrt~gaged Premises ir~sured;
( iii) manage and c~perate the Nbrtgaged Premises and exercise all the rights
and powers of Mbrtgagor in its nane or otherwise, with respect t~o the sane; and
(iv) enter into agre~+nents with others to exercise the paaers herein granted
Mortgagee; ~ _
all as Martgagee fran time to time may deternnine; and Nbrtgagee may o~llect and receive all
the ir~ame, rev~enues, rents, issues and profits of the same, including those past due as
well as th4se accruirg tt~reaft~er, and shall apply the m~nies so received by Mortgagee in
such priority as Mc~rtgagee may determir~e t,o the payment of accrued interest on the Note; the
payment of au~erdue instalLaents of principal; the vost of insuranoe, taxes, assessments and
oth~er proQer charges upon th~e Mf~rt,gaged Premiaes or any part thereof; and the reasonable
ccmpensation, expenses and di~ursements of the attorneys and agents of Nbrtgagee includir~g,
but not limit~ed t~o, oosts incurred by lrbrtgagee in oonnection with its taking possession of
the irbrtgaged Pretnises.
Mort~gagee shall surrerx3er possession of the lrbrtga~ed Premises to Mortgagor
only wh~en all interest, tax and insuranoe dep~sits and principal installments, that is due
upon the Not,e and under any of the t,~rms of this Mortgage, shall have been paid and all
defaults aired. Tt~e sane ri,ght of takirg possession, ho~wever, shall exist if ar~y s~.bsequent
Event of Default shall occut. ;
(c) Cure by Mortgagee. If the Event of Default can be cured by the payinent of
money. Mortgagee shall hav~e the right at any time, at its sole option, and without waiving
or affecting its other remedies hereunder, to pay such sums of m~ney as may be recessary to
cure the default. All suns so paid, t~ogether with interest at the default interest rat~e arid
together with all oosts, charges, attorneys' fees and expenses inc~red in oonnection with
the payment• shall be: ( i) deemed paid t,~ the M~rt~gagor, ( ii ) imnediately due artid payab2.e by
Mort,gagor, and (iii) shall be secured by this Mbrtgage as a future advanoe. Notwithstanding
such payments by Pbrtgagee, the E.Vent of Default shall be deemed to be oontinuing until
Mortgagee has been reimbursed by Mortgagor as described herein and M~rtgagee has waived the
default by a writt~en instru~ent whi~ch makes specific referenoe t~o this paragraph.
(d) Pbreclosure. lrbrt~gagee may institute prooeedings for the vrn~lete or partial
foreclosure of this Nbrtgage.
(e) Other Remedies. Mortgagee may exercise any other remedy specifically granted
under this _Nbrtgage, ar t Note, or the other instrwnents securing the Note, or now or
hereaft~er existirx~ in equity, at law, by virtue of statute, ar otherwise. No right, power
or remedy oonferred ~on or reserv~ed to M~rtgagee by the Note, this Mortgage or any other
instrunent securirc~ the Abte is exclnsive of any other right, pawer ~ re~~edy, but each and
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