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terms of sale and applicable law, may hold, retain and possess
and dispose of such property in its own absolute right without
further accountability to Mortgagor.
2.07 Waiver of Appraisement, Valuation, Stay, Extension and
Redemption Laws. Mortgagor agrees to the full extent permitted
by law that in case of a default on its part hereunder, neither
Mortgagor nor anyone claiming through or under it shall or will
set up, claim or seek to take advantage of any appraisement,
valuation, stay, extension or redemption laws now or hereafter in
force, in order to prevent or hinder the enforcement or
foreclosure of this Mortgage, or the absolute sale of the
Mortgaged Property or the final and absolute putting into
possession thereof, immediately after such sale, of the
purchasers thereat, and Mortgagor, for itself and all who may at
any time claim through or under it, hereby waives, to the full
extent that it may lawfully so do, the benefit of all such laws,
and any and all right to have the assets comprising the Mortgaged
Property marshalled upon any foreclosure of the lien hereof and
agrees that Mortgagee or any court having jurisdiction to
foreclose such lien may sell the Mortgaged Property in part or as
an entirety.
2.08 Receiver. If an Event of Default shall have occurred,
Mortgagee, to the extent permitted by law and without regard to
the value or occupancy of the Mortgaged Property, shall be
entitled as-a matter of right if it so elects to the appointment
af a receiver to enter upon and take possession of the Mortgaged
Property and to collect all rents, revenues, issues, income, ~
products and profits thereof and apply the same as the court may ~
d~rect. The receiver shall have all rights and powers permitted
under the laws of the state where the Land is located and such
other powers as the court making such appointment shall confer.
The expenses, including receiver's fees, attorney's fees, costs
and agent's compensation, incurred pursuant to the powers herein
contained shall be secured by this Mortgage and become part o:
the Secured Indebtedness, and be immediately due and payable.
The right to enter and take possession of and ~o manage and
operate the Mortgaged Property, and to collect the rents, issues
and profits thereof, whether by a receiver or otherwise, shall be
c~mulative to any other right or remedy hereunder or afforded by
law, and may be exercised concurrently therewith or independently
thereof. Mortgagee shall be liable to account only for such
rents, issues and profits actually received by Mortgagee
notwithstanding the appointment of any receiver or other
custodian, Mortgagee shall be-entitled as pledgee to the
possession and control of any cash, deFosits, or instruments at
the time held by, or payable or deliverable under the terms of
this Mortgage to, Mortgagee.
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