HomeMy WebLinkAbout1799 ~ 1~ 22 ~ 90 13 : 15 Gt JPJSTER-BOC~ 015
attemptad terminetion, moAif ica?tion, ot a~mendrnent Of said
lcaaco without auch Hritten consen~ rtlsall be nu~, ~nd v01d;
not to collect mor• then one (1) mo~?ti~ in eclvance Ot the time
when the same becomes due under thQ terms theL'e0f; ~tj Abt t0
di~ccount eny future ~ccruing r~r~ta; (q~ not t0 eZeCUte 8hy
other aa~ignmentn of said lease or ~ny intere~tt therein vr ~ny
ot the rcnta tharaunder; (h) ~o parturm all ot ttto Mortgagor's
cavenants ar?d a9rQements as les~ur under seiQ 1~9d3e0 and 110t t0
cufter or permit to vccur any r~lanse O~ liability OL the
lessecs, or any riqhta ~.o thv lessees to withhol~ g~ym~ent Of
rent; ~nd tr~ give promp~ notice to the M~rtgagee Of ~tny notiCe
of default on the parL of the Mortgagor with respeet t0 ~aid
leases received from thts lessees; (i) if So requested oy the
Mortgaqec, l.o ~aaforce aaid lanaes and ail remedies available to
tho Mortgegor against the lesseea end any guarantors therep~,
in case of default under said leases by th~ lessoea; (3) that
none of the rights o~ remediea of the Mortqaqee under this
j Mortqage shall be delayed or i~ eny way prejudiced by
~ assignment; (k) that n~twithstanAing any variation Of the terms
E of this Mortqage or an~? eztension of tima for paymont hereunder
F
~ or any release of part or parts of the MOrtqaqed Property, the
~ leases and benefits thereby aasiqned sha~l continue aa
~ additional ~ecurity in accordance with the term~ hereot; (1)
` not to alter, modify or change the terma ot any lesse guarantee
' without the prior written conaent of the Mort~agee; (m) nat to
consent to any ~asignments of said leaaes, or any subletting
~ thereunder, whether or not in accordance with their terma,
` without the prlor written conaent of the Mortqagee; (n) not to
; request, consent to, agree to or accept a subordination of said
~ leases to any mortqaqe or other encumbrence now or hereafter
g affecting fihe Mortqaged Property, ezcept for this Mortqage it
~ requested by the Mortgbqee; (o) not to ezercise any tight og
election, whether specitice~ly set forth in ~ny such le~se or
~ othexwise, which would in any way diminish the Iea~ee'~
~ liability or have the effect of shortening the steted term of
~ the lease; ana (p) not to ~sell, tran~fer, a~siqn, or remove any
~ personal property now or hereafter located on the demised
= premises, unless such action reaulta in eubatitution or
k
replaeement with similar ~tems, owned by the Mortgaqor and not
otherwise ~ncumbered, of equal value, without the prior written
cansent of the Mort9egee, The Mortqagor shall procure and
deliver to the Mvrtqagee at the time o~ eYecutinq this
Mortgaye, or at any tirne within thirty (34) days aft~r notice
and demand, estoppel letters or certifi~cates from eech lesaee,
tenant or occupant in possession o~ the Mortgaged Property, as
required by, and in form anG substance satisfaCtory to, the
- Mortgagee and deliver to the Mortq~gee a recorded assiqnment o!
¢ all the les~oc•s intere$t in ~uch leasea, in focm a~nd aubstanca
~ satisfactory to the Mortga9ee (in additior~ ~o the assignment
and mortgage harein), and proof of due service of copy o! ~uch
anoKfi75 ~~tcF~7g9
19