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, .. � ���:` _ _. <br /> � , .. . ._ .��__�..Y1�. .� . ___ _ --�•-- -- � <br /> nt�i f �.��, -- - <br /> ..��*�."��- ----• -� ----- <br /> _ <br /> --- ___ <br /> '.'' <br /> . . <br /> � 98- iosz�ts <br /> excea� proceods �Rer �pplication thereof to any restorntlon of the Collateral, <br /> Mortg�gee ehall be entttled to�pply such�xccss to the raduction of the pri�xipal <br /> balu� dus urdsr tha Note without any adju�tment in the dollar amount of the <br /> monthly installments due ander tt�o Nwe_ Mortg�gor agrees to execute such <br /> further assignmenu of any such proce�ds as Mortgagee may require. <br /> K, Rents� !��s: AcsiQn*?+�nt of RsnL. <br /> Sxtion 2.21 Mortgsgor stnll aot entcr into any le�se or subleasc of any portion of tl�a <br /> Collateral,exapt for tUe Permittai Leases,without tha prior written approv�l of <br /> Mortgagx. Mortgagor stull not modify�ny suoh lease wittwut the prior written <br /> consent of Mo�tgaga. MortgAgor shr.11 no1 a�ccept pnpayments of rent an any <br /> lease� including the P�rmittod r,eases, for any perial in excess oP two months and <br /> shall perfoim�ll covenants of the lessorunder all leasos affectfng the Collaural� <br /> includii�g the P�rmitted Leasca. The ter�a "leases" as used hen�n ii�cludes sny : <br /> extensions or reaewals and any amendments consentai to by tho Mortgagor. . <br /> MortgAgor sh�ll not amend or tenniwte any lr,ases� including the PermitLod <br /> I,�eases, without the prior writtea conseat af Mortgaga, except for terminadons <br /> of tLose af the Permitted Lexses described 1n subsecuon 2.7(a) made in the � <br /> Q_ inAry+ c.M�rce �f Mnrtgaaor's business_ MOItfiAgOl S13811 t1o�COIISCiIt t0 Ally <br /> � assignment or subletting under any leasa including the Pernutted Leases withcwt � , <br /> thc prior writt�n consent of MortAagoe. Iviortgagor shall immedutely give noticc <br /> to Mort�aBx of any default undet any lcase. including tbe Permitted T�a�ses, <br /> which it n�ceives or delivers. �Viortgaga shai! tzave tiie rigac ouc na inc <br /> obligation, to cure any defauli o:f Mortg�gqr wnder any of tho leascs aid a11 <br /> amouats disbucs�d in connecdon witlx said cure shall be immodiately due a�nd <br /> - payable, shall be decmai to be disiwrstmeNs for the prottction of the Coll�teral, <br /> , � shall be secumi hcreby and shall bear int��rest from the date of disbursement until <br /> . rapaicl at tbe Default Rate. <br /> Sacrion 2.22 F.ach leASe of any portion of the�ollaterael shall be absolutely subordinAte to the � <br /> lien of this Mortgage but shall contaua��arovision satisfactory to Mortg�ga th�t <br /> = in tl�e event of the exercise of the Matgagee's rights to foroclosure henunder <br /> - such lease, at the option of Mortgagee or any purchaser upon foraclasure,shsill <br /> - not be t�rminated and the tenant thereunder shall attorn to such purchaser s�nd, <br /> � if requestcd to do so� shall enter into a new lease for the bAlance of the term of <br /> � such lease then remainin8 upon the sam� terms and conditions. In the�vent of <br /> � any such foreclosure,�ach such ir.ase not terminated pursuant to foreclosure shall, <br /> �� At the request of the Mortgagee, bt assigned to Mortgagee ��d each such <br /> � assignment shall be recorded aad aclr�nowlaiged by the tenant thenuixler. <br /> t <br /> ( Section 2.23 Mortgagor hereby absolutely �nd uaeonditionally assigns and transfcra to <br /> j Mortgagce all the leases, income, rents, issues, pmfits and proceeds of the <br /> Collat�ral or d�rivai fmm the leasing thareof to which Mortgagor rnay bc <br /> �r� SUPPL8M8NTAL aRAtiD ISLAND MORTOABE 1 S <br /> �t <br /> � <br />