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<br /> 11�I SC ��,�,AIOT]EO�JS I�EC C��D S
<br /> . .... TNEAU6UfTINlCO.I2787 � .. .. . . ... . . ,
<br /> �employee of the PRUD�NTIAx„or to carryo un such opers,tion and management by a,_�an$ging Agent who
<br /> ehall be se�eQted by the pRUDENTIAL. In the latter event,the PRUDENTIAL fe authori2ed to delegate t��
<br /> such Managing pgent a,ll or any righta and powers granted to the PRtTDENTIAL under thie agreement.
<br /> If the pRUDENTIAL shall commit the ma,nagement a,nd opera,tion of the said mortga�ed premiaes to a
<br /> Managir� pgent,the PRUDENTIAL shall have the right to allow to such Manegirag Agent a reasonable
<br /> ;compensation or commi�aion for his services,and such compensstion or commiesion may be paid out of
<br /> the groes income of the property.The PRUDEN`TIAL shall�aleo ha.ve the right,in ite diacretion,to ; .�
<br /> �arra2'�ge for a eurety bond or bonds to guarantee the performance by the Managing Agent of any or a,11
<br /> of his duties and obliga,tions. Suoh bond or bonde may be in such amounts and in suoh �orm e�nd in
<br /> suoh aompanies a,s the PRUD�NTIAL may decide,and the premium or premiume maq be paid out of the
<br /> ;gross income from the property.
<br /> 10. To take all lswful steps,or to adopt anp laWful procedure,in the name of the ONNER or in its
<br /> {own name,as may be advisable,to eaecute or to facilitate the eaecution of any of the powers e,nd
<br /> authorizations,general or special,granted to the PRUDENTIAL by this agreement. The PRUDENTIAL may
<br /> further ezecute any writing Rhivh may be neeessarq to execute or to facilitate the e=ecution of
<br /> any of the powere and authorizationa �rant ed to it by this a�reement,in its own name or in the name
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<br /> �� the O�INER,as may be advi�sable;and the O�VNER hereby nomina,tes snd appoints the PRUDENTIAL his
<br /> Attcrney in Fact for such purposes.
<br /> 11. To pay,out of the gross income from the mortgaged premises,all biZle or charges which msy be
<br /> incurred under the provieione of paragra�h s 1 to l0,inclusive,of thie agreement,and any other billsi
<br /> or ohar�es which may properlq be inaurred in pursuance of the genera,l or speoia,l powers granted to
<br /> !the pRt1DENTIAL bq the terms of this agreement.
<br /> ,pnd for the consideration aforesaid,the OWNER further covenants and agrees with the PRtTDENTIAL,that
<br /> the OwNER w12I not in a�p way obstruct or interfere with the eaecution of any of the powers granted
<br /> ^to the PRUD�NTIAL by thie sgreement;on the contrary,the OS�NER will in good fsith facilitate in any
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<br /> �reasona,ble Waq the eaecution by the PRUDENT�,�1L of t�.e powers granted to it by this agreement. _
<br /> �It is further mutuaily covenaxite8 and agreed by e,nd between the O�NER and the PRUDENTIAL�as folloR�
<br /> �.. The PRUDENTIAL ehall in no wap be obligated to advance or pay out sny moneys on account of the
<br /> tnortgaged premi�es or the operation or maintenance thereof whieh it does not actually receive from
<br /> �the gro�s$ inoome of the mortgaged premises. _ �:
<br /> 2. The PRUDENTSAL shall in no wgy be obligated to pa,p any debts if the O�fAER incurred by him in the':
<br /> opere�tion or maintenance oF the mort�a$ed premises prior to the effective date of thia agreement;
<br /> but the PRIIDENTIAL may,in ite diecretion,pay such bille or char�es if it so elects,alwaye proeided
<br /> �that suoh bills or charges �hall have been incurred entirely by reason of the operation or main-
<br /> !tenance of the mortgaged premises. �
<br /> �. The PRUDENTIAL may,in its discreti.dr�:accumulate a reserve fund out of the income from the mort-
<br /> �aged premises,after paying suoh bills,charges and eapenses as it i�s authorized to pa,y under the
<br /> �terms and pronisions of this a$reement,which reserve furid,however,shall be accuanilated. by the
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<br /> �RUDENTIAL for the purpose of paying ta�ces or other chargee a�gainst the mortga,ged premiBes (inalud-:
<br /> �.ng amounts of interest and/or prinoipal due the PRUDENTSAL) whioh may accrue a,nd become due and pab*-
<br /> �ble within a re�,sonable future periot�. The OwBER ehall not be entitled to interest upon anq reserve:
<br /> �und so sccumula,'ted by the PRUDENTIAL.
<br /> 4.T'he PRUDENTIAL ehall receive no compensQtion to itself for its supervision and/or management and
<br /> pperation of the mort$aged premises (excep t that it sha,ll be entitled to pay a reQSOnable oompeneatr
<br /> .� #.on to a Managing Agent,ae hereinbefore provided) ,and the PRUDENTIAL shall not be liable to the
<br /> p�NER in any re�pec� because of its undertaking of e,nd operation under the power$ granted to it bq ;
<br /> thie agreement;eacept that the PRUDENTIAL ehall alxays remain liable to make proper account to the
<br />, QWNER at his request and at reaeonable intervels for amounts collected and eapended 1�q the PRUDEbITI�IL;--
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