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. � • _ <br /> " � ls•a•��. . - _..'-.-'.--'=— — <br /> NE�`�Ys+�-...-- - _._..�... --�- � <br /> _...__ ..__. . . ... _. __..-- _ . <br /> �� 98- 1(�5216 <br /> Section 2.31 Mortgagor shall heve the rtght to ma�ke replaccmcnts of or substltutlons for any <br /> Item of thc Coll�tcral which cansdtuta mAChincry or equipment without the prior <br /> consent oP thc Mortgagec in tha ordlnnry course of busineas provlded chat the _ <br /> vslue of the Collateral ae scxurlty ie not reducai or impAlnd by such substltution <br /> �r replacement and Mortgagce shall� as of the tlme such replscement or <br /> subadtuHon is effected, have a valid and perfectecl first sccurlty ��='�St �or�to <br /> substitutc ar rep�ac�ment item. It� the evCnt of any f�ilure by MQrtBa� <br /> comply wlth the requiretnents set fortlt in this Section 2.31,Mottgsror s�l Ihave <br /> a period of thirly (3�)dsYs from tl�e daoe Mortgxg�ur fust becomes�wuc of Its <br /> failute ta comply,whether by notbe fto�m an�x thirc!PutY+by notice from its own , <br /> rx�a�ds, by notice given by Mo�tga�gee or ottxru�'�se� a� s�long as such faihue <br /> to canply is fully curCd within sucti penod of thirty(30) days sueh failure shall <br /> noi censtitute a defAUlt under this Moregage. _ <br /> N. ���*�••�.,�tnbr�*+�'r� of L�Collateral, . <br /> � Section�.32 Mortg�►gor covenants and �grces that should Marrt��<�or fuitt�er mortg��u�ar ; <br /> encumber the Collateral or uny patt tltereaf, in aani� �u�ay� withaut the written <br /> consent of Mortgaga being first c�btai�d �r if s��.h�mortgage or encumbran�ce , <br /> be accomplished by operation of law,ii�ea a?�i3►��ag� ah:11 r»�e it� ri°�'-t= �Uk <br /> option,to declare�ll sunas secund by this IViartgagc�mediatcly due and pa�r <br /> , provirled, however, tbat if an�mechanics' or coins�:u�wction liena shall bc•�n�d:ed <br /> •... �.a�orwrnt nr anv �na►t tiier+e:of hv reaiccin i�1F w^T�t lahnr. �erViCe.4 Oi <br /> again�i iaw .........___ . • <br /> maurials supplied or claimed to 1�av� b�e� suPPlied on or for:.tlle Collateral, <br /> Morcgagor shall have thirty (30) days�a,f�ar notice of the fllin� �tt�ereof or the <br /> asse�eT►.n thereof in which to cause the same to�� discharged of reccaid� ox <br /> otherw3se to taka.proper action a�'fxtiVeiy to prevez�t the ebforcement tTiercof <br /> agaiast the�Golla�eral or any pert therec,t'�{�y contcst, PaYmont, deposit, bond, ,;..;,, <br /> order of court or atherwise. ` <br /> O. 532��«""�n°"` '"oav,or�:►i�h lft�;�^r ±-�Proorietar�Ri¢ht�. : <br /> Secdon 2.33 Mortgagor covenants tt�ac tti�re are no pat�nt� c°pYnSbt,trade secret, design or <br /> other s�milar rlghts wtlic� i2 claun+ witb respect to the Collaceral or any part <br /> thcreaf and hereby irrevacably wuves any such right, which it may r�dw or <br /> hereafter acquire, any �lght to claim damages 4r ott�r rel�e rcha�se�r u�n <br /> itnfringement thereof in the event that Mortgagee or ahy pu P� <br /> - foroclosure or other success4r awns and apernt�s 'tht Collaccral or any part <br /> thereof as a food processing or stor�g�faciliry at,a-�y�time in the funu�e• <br /> . 5���.� �„34 R;Qht t�Provide far S�bstitutiq�of Collatsaal. Mortgagor shall observe,perform <br /> - and comply with all of the coven�►ts. agreements,representatioT�s and v�'��es <br /> contained in Section2� of the First Addendum, which are itxorporated into this <br /> Section 2.34 by reference as if fulty set forth herein. <br /> 19 . , � i <br /> SUPPLBMi?iV7'A1-aMND ISLAND MORTGAt76 <br />