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e�4`� 1V�gS��E�,�A�T��JS ��C ��.� S TXEAU6UfTINLCO.12767 �- � � � , . the PRUDENTiAL in general to perform all acts necessary for the operation and maintenance oY the said premisea in the same manner and to the eame exteMt that the ON�NER might reasonably so aet. For the purpose of apecifying same oP the powers hereby granted to the PRUDEPITIAL by the O�I�TER but not in limitation of the general powex� and authorization hereinabove given, the OWNER hereby � gr�.nts to the PRUDENTIAL the right and power, at its option and in its diacre�Gion: I. To eollect all renta, i�suPS and profits of the aforesaid mortgaged premiaes �rhich may be now due or which may hereafter accrue. The O�II�?ER hereby covenanta and agrees that he �ill, in alZ necessary and rea8onable �vays, facilitate $uch collection of rents, isaues and prot'its by the PRt1DE�ITIAL, and will Yor that purpose, if so requested by the PRUDEPdTIAL, execute a written notice to eaeh ten�.nt dlrecting such tenant to pay rent to the PRUD�NTIAL. 2.Too effect new leasPS or to cancel or surrender exieting Teaees or to alter or a mend the terms of existing Ieases or to renew existing Ieases or to make conceasione to present tenants. 3. To arx°ange for such insurance protection as in the opinion of the PRtTDENTIAL is necessary for the protection aP the mort:;aged premi�es or for the protection of the OWNER and/or the PRUDENTIAL and/or its Marzaging Agent. Such insurance may be plFxced by the PRUDENTIAL in such amounts, in such companiea, and in .such and sa many kinde oP insurance ag the PRUDENTIAL may deem neceseary. The O�d�TER hereby authori2es the FRUDENTIAL in its discretion to arrange for riders or elauses to be added to existing insurance v�hich vrill protect the PRUDEPITIAL, and/or its �Ianagin� Agent. So far as ma.y be posaible, any new insurance efPected will be written in the name of the Ot�IVER, with . suitable riders or clauses proteeting the interest of the PRUDENTIAL, and /or its �danagin�; Agent. �+. To pay a11 taxes and/or improvement as�essments and/or any other �overnmental or municipal lien or char�e, which, in the opinion of the PRUDEI+TTIAL, should be paid. Th.e PRUDENTIAL is hereby �iven the right to nPgotlate, appeal or proteet any oP auch taxes, as�esementa or liens in the namP of the OWI�3ER and as his Attorney in Fact, and the OtNNER hereby nominates and appoints the PRt?DENTIAL his Attorney in F�.ct Por such purposes. 5. To arrange for the employment of such persons as in the opinion oP the Prudential are necessa�'y for the proper operation oP the mortgaged premises, at such wa�es or salaries and on such terms oP employment as the PRUDEN�IAL may in its discretion decide, euch employeea, h��rever, to be emplvyees oP the 09�TdER and not of the PRUDENTIAL. 6. Ta arrange and pay for such repairs, decoration or rede�orations, Purniture and equipment, alter- ationS additions and improvements ae in the dieeretion of the PRUDENTTAL are neceesarv or advlsable � whether they constitute capital improvementa or other�vise. 7. To contract or arrange for the supply of heat, gas, electricity, �ater, telephone equipment or an other utilit which may be neeessary in the discretion of the PRUDENTIAL for the operation or - Y Y manage�ent o� the mortgt�ged premises. �. To contract Por �nd purchase a11 suppliee or materials oP whatever nature, which, in the die- cretivn oP the PRUUENTIAL, may be necessary for the operation of the mortgaged premises. 9. mo carry on the operation and management of the mortgaged premises either by an ofPicer or employee of the PRUDENTIAL, or to carry on such operation and management by a �danagin� A�ent who ahall be selected by the PRt'DENTIAL. In the latter e�ent, the PRUDEIVTIAL is authori2ed to delegate to such A�naging Agent aIl or any rights and powers granted to the PRUDEI�TIAL under this agreement. If the PR''DEP3TIAL sha11 commit the management and operation of the said mortgaged premises to a �anaging Agent, the PRL?DE��TiAL shall have the right ta allow to euah �anaging Agent a reasonable compensation or commis�lon for his 8ervices, and such compensation or eommission may be paid out of the gross income of the property. �he PRUDENTIAL ahall also have the right, in its diseretion, to arrange for a surety bond or bonds to guarat�tee the perPormanoe by the Managing Agent oP any or aZl of' Yhia duties and obli�;atlons. Such bond or bonds may be in sueh atnount8 and ifl sueh form " and in auah comp�,nies as the PRUDENTIAL may decide, and the premium or premiums may be pa3d out