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01i22i90 13:17 Gl~lSTER-BOCA ~1
a~~ignme~t on each lesac~, ei~hcr peraonally or by p~opaid
ceztiiied mail, return recei~t requested. A11 Forma of leaso,
Iental Or use agre~iu~nts (and emendmenta thereto) for tho
Mortgaged property, or any pert theraof, shall be aubmitted to ~
tne Mortgaqee !ar approval for lendinq ~urpoaee prior to
aecoming bindinq upon the Mortyagv~, unlesa this requirement ia
waived in writing by the Mortgaqee.
Section 3. 6 ~flrrections: MQ~~~~.ona end Szt~ e~ions :
Quty~Q ~'tpvidQ_ Eato~nel Letter
The M~Ltyayut ~hall execute an8 deliver (and pey the costa
of preparation and rec:vrc9ativn ~hereof) to the Mor~gaqee, ita
partic:i~ac~ts d~i~9 any subsequent halder from time to time, upon
dsmand, any Lurther in~trumen~ vr in~truments, ineludin9, but
~~ut limited lo, mortgagees, aecurity eqreements, fiaencir?q
Stdte~«e«ts, asaiqnments end renew~l anQ aubstitute notee
required by the Mortgages to beLter aaaure, eonveY, e~aign,
t~al~si~~ or conCirm to the Mortgagee the property end riyhta
conveyed or aasiqned or inter?ded now or hereafter av to be, or
Eor carryinq eut the intention or tacilitating thv periormance
or the terms of this Mortgage. Thc Moztgegor, upon requeat,
mede either personnlly ar by meil, aha12 certify by e Nr~ting,
duly acknowled9ed, to the Mortqeqee, ita participants or to eny
proposec3 aSaignee of this Mortgage, the ~mount of principal anr]
interest then owing on the Secured Indebtedness and whelhel or
not any affseta ar dCfe~aes exi~t egeinst the SCCUr~ed
Indebtedne~s, witbin aiz ~6) daya in case ~he reque~st is mede
pesaonelly, or within te~n (10) day~ efter the moiling of auch
request in case the reque~st ia ma~e by mail.
Section 3.7 Condemnation and Emi~nt Domai~; A.~atd~
AftQr lroreclosure
In ~he event of candemnetion proceedings againal lhe
Mortgaged Property or any portion triereot, the awerd or
compensation payable is h~r~Ly aeaigned to and shell be peid to
the Mortgegee. Provided the Morl.yeqOr r~~jall not be in detault
hereunder or under ~~y o! the Loan Doiw~~enta and ptovideQ th~
cvat of restoring the Morl,qa~e~l Pc~party shall not eaceed the '
condamnation awdrd payable to M~ztqayor on acCOUnt ot the
teking o~ the Mort,yey~~ Pcuperty, the Mortqaqor shall be
entitled to uae such award L~~ tt?a re~air, reconatruetion or
restoretion of the Morlqay~sd Prukerty and shall p~y over the
remoininq amount o[ such t~wt~LCl, ir any, to the Mortgaqee. In
the event the coal oI re~tc~Linq the Mort$aqed kroperty exceeds
tt~e amount of the cvnde,i~nntion award psysble On nccOUAt of the
taking af the Mortgaged Frop~~cky, the Martyaqor shall aeposit
with the Morlqa~ae an emount eyual to the di~~erence between
thc co~t ot restori~~y the Mortgaged PropQrty and the amount of
1 y • 800K U 1~ P,1GE ~OQo