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d reasoneble time, and pay for any building, ~tructure or other
improvecoent at any time in the proee~a of const~uetion on the
property herein conveyed. Mortgagor shall not initiate~ ~oin
in or consent to any change in any private reatrictive
covenant~ zoning ordi~an4e or other publio or private
restrietions limiting or defining the uaea Which may be made oP
the Mortgaged Property or any part thereof r+ithout the prior
written consent of Mortgagee. Mortgagee and any persona
authorized by Mortgagee shall have the right to enter and
inspe~t the Mortgaged Prope~ty at all reasonable t1me~ and
access thereto shall be permitte4 for that purpose.
1.09 CCndemnation.
Notwithstanding any taking ot' any property~ herein
conveyed and agreed to be conveyed, by eminent domain,
alteration of the grade of any streeE or other in~ury to, or
decreaee in value of~ the Mortgage~ Prope~ty by any publie or
quasi-public authority or corporation, Mortgagor shall continue
to pay prineipal ~nd interest on the Seeure4 Indebtedness, and
any reduction in the Secured Indebtedness resulting froco the
application by Mortgagee of any award or payment for such
taking~ alterationa~ in,~ury or Qecrease in value of the
Mortgaged Property~ a~ hereinafter set forth~ shall be deemed
to take effeet only on the date of suoh receipt; and said aWard
or payment may, at the option oP Mortgagee~ be retainad and
applied by Mortgagee towerd payment of Lhe Seeured Indebtedness
or be paid over~ aholly or in part, Lo Hortgagor for Lhe
purpose of altering, restori~g qr rebuilding any part of the
Mortgaged Property Wnich may have been altered~ daroaged or
destroyed as a result of any such taking~ alteration of grade~
~ or other in,~ury to the Nortgaged Property, or for any other
~ purpose or ob~ect satist'a~tory to Mortgagee~ but Mortgagee
€ shall not be obligated to see to the applieation of any amount
~ paid over to Mortgagor. If, prior to the reeeipt by Mortgagee
f of such avrard or payment~ the Mortgaged Property ahaLl have
~ been sold on foreclosure of this mortgage~ Mortgagee shall have
~ the right to receive said aWard or payr~ent to the extent of any
deficiency found to be due upon such sale, r+ith legal interest
; thereon, whether or not a deficiency ~udg~nent on this mortgage
E shall have been sought or reeovered or denied~ a~C of the
~ reasonable counsel fees~ costs and disbursemenLs incurred by
Mortgagee in connection with the collection of such award or
3 payment.
i
~ 1.10 Statements and Other Information. Mortgagor shall
~ deliver to Mortgagee, at any ti~ue within thirty (30) days after
~ notiee and demand by Mortgagee but not more frequently than
once per month, (1) a statement in such rea~onable detail as
" Nfortgagee may request, certi~Fled by Lhe Martgagor or an
~ executive officer of a corporate Hortgagor~ of the leases
~ relating to the Mortgaged Property~ and (ii) a statement in
such reasonable detail a~ Mortgagee mey requeat~ certifis4 by
the Mortgagor or an executive officer or treasurer of a
corporate Mortgagor~ or~, at the option of Mortgagee, by a
certifie4 public accountant, of the inaome from and expenaea of
any one or more of the followi.ng: (a) the conduat of any
busine$e on the Mortgaged Property~ (b) the oper~tion ol the
= Mortgaged Property~ or the leasinQ ot the Moctgaged
~ Property or any part tbe~eof, for th~ ~aet twe~ve (12) raont~s
calendar peri~~ prioc to the giving of euoh notice~ and, on
~ demanQ, Mortgagor ~hell furnieh to Nortgaged exe4ute4
~ aounterparta of any sueh leasea and oonvenient faeilitiee for
~ the •ud~t ~nd verifioation or any auoh atatep~ent.
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~ BOON V~~ PACE~S~O
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