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<br /> � 5. 1�"a�ntenc�nce Re�uiragnd Gom�.l�qn�P wiLh_L.aws. Mortgngotshull keep the Propefty ""_
<br /> ' in good condition and repair; shall promptly repa�r or replace any improvement which may bc � —
<br /> dumagcd or destroyed; shall n.ot commit or permit any waste or deter�oration of the Property; �
<br /> shull n�ot remove,demolish or substantially alter any of 1he improvements on the Property; shall I
<br /> � not commit, suffer or permit any act to be done in or upon the Property in violation of any lsw, ` , • r-
<br /> ' � ardinurice or regulation;anc� shall pay and �romptly discharge at Mortgagor's cost and ex�ense
<br /> � all liens,encumbrances and charges levicd,imposed or assessed against the Property or any part �:
<br /> thereof.
<br /> + � G. Fminent Domain. Martgagee is hereby assigned all cornpensation, awards. dar�ages �
<br /> and other payments or relief(hereinafter "Proceeds") in connection with condemnation or oth�r , ,1,;N . . _
<br /> taking of the Property or part thereof, or for convey�nce in lieu ofcondemnation. Mortgagee ,; �,,..,��:.=-
<br /> � shall be entitled at its option to cammence,a pear in and prosecute in its own name any action ar , .. :f�'�'��
<br /> i ,'�u^��,�.
<br /> � proceedin gs and shall also be entitled to ma s any c�mpromise or settlempnt in connecrion with ,
<br /> such takin�or damage. In the event any portion of the Properry is so ta ken or damage d, M o r t- •.�;�• ;"''�''�'-°-�
<br /> + gagee shall have the option, in its sole and absolute discretion,:o applyall such Proceeds, after �.. L�;:
<br /> I deducting therefrotn all costs and expenscs incurred by it in co�ection vnth such Proceeds. rpon ;.�
<br /> � 1 any indebtedness secured hereby and in such order as Mortgagee rnay det�rmine, or to apply all :�:;: �
<br /> � such Proceeds, after such deductions, to the restoration of the Property upai such conditians as ,;�:`
<br /> 9 Mortgagee may determine. Any application of Proceeds to indebtedness shall not extend or �.�.,_
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<br /> postpone the due date of any paymr,nts under the Note or cure any default thereunder or hereun- ��
<br /> . i der. �`M:,
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<br /> �' •;� 7, pg;'�*++�ance by Morte„aTe_e. In the event of Mortgagor's fai lure to perform any of the ���
<br /> � covenants herein or make any Qayments required hereby,or if any act is taken or legal proceed- �-._
<br /> �.� l ings commenced which matenally affects Mortgagee s interest in the Property, Mortgagee may in ,�.
<br /> � �� �j its own discretion, but without cbligation to do so,and without notice to or demand upon Mort- �" F -_
<br /> i gagor and without releasit�g Mortgagor from any obligation,do any act which the Mortgagor has �'-�
<br /> � '���� �_� agreed but fails to do and may also do any other act�t deems necessary to pro t e c t t h e s e c u r i ty �'!�'�
<br /> - hereof. Mortgagor shall,immedtateiy upon demand ihGrcfui t�y V�ott�agc�,p�y to I:4crtgagee�1 -
<br /> • costs and expenses incwred and sums expended by Mortgagee in connechon with the exercise by �°°
<br /> Mortgagee of the foregoing rights, together with �nterest thereon at the default rate provided in �'�
<br /> ,..,. � the Note, which shall be added to the �ndebtedness secured hereby. Mortgagee shall not incw ��
<br /> s i any liability because of anything it may do or omit to do hereunder.
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<br /> � �. g, ua�Ar���,4 Materi�ls, Mortgagor shall keep the Property in cornpliance with any and —:
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<br /> all federal, state and lceal laws, ordinances and regulations relaring to industrial hygiene or to .:;__
<br /> '`;^_� environmental conditions on,under or about the Property,including,but not limited to,soil and
<br /> ''�' f groundwater conditions. Mortgagor shall not use,generate,manufacture, store or dispose of,on, � -�
<br /> i under or about the Properiy, or transport to or from the Property any flammable explosives,
<br /> �, radioactive materials, hazardous wastes,toxic substances or related materials, including,without
<br /> �• limitation, any substances defined as or included in the definition of"hazardous substances",
<br /> '�� "hazardous wastes","hazardous materials"or"toxic substances" under any applicable laws,ordi-
<br /> nances or regulations (collectively refened to hereinafter as"Hazardous Materials"). Mortgagor
<br /> � hereby warrants and represents to Mortgagee that there are no Hazardouc Materials on or under
<br /> � the Property. Mortgagor hereby agrees to indemnify and hold harmless Mortgagee,its directors,
<br /> officers,emplayees and agents,and any successurs to Mortgagee's intenst,from and against any
<br /> , �` and all claims, damages and ltabilities arising in connection with tl�e presence, use, storage, -
<br /> disposal or trans�ort of any Hazardous Materials on,under, from or about the Property, includ-
<br /> � ing, without limitation,(a) all damages d'uectly or indirectly arising out of the use, generation,
<br /> � i. storage or disposal of Hazardous Materials by Mortgagor or pnor owner or operator of the Prop- -
<br /> erty,and(b)all costs of any required or necessary repair,cleanup or detoxification and the prepa- � -�
<br /> F ration of any closure or other required plans,whether such action is required or necessary prior to :k , ,,,:.� �;�
<br /> . or followin�transfer of title to the Property,to the full extent that such actian is attnbutable, •� 3 • :;µ;�:�'.
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<br /> ., ; directly or indirectly, to the presence or use, generation, storage,release,threatened release or ._...� ;,n;•'
<br /> disposal of Nazardous Materials by any persan on the Property prior to transfer of title thereto by ':�ti:�p. , ,;:;��
<br /> r Mortgagee. The foregoing wananties and representations,and Mortgagor's obligations pursuant '��:,;K�'_�?�:,
<br /> � to the foregoing indemnity, shall survive repayment of the Note and the release of this � 1 " •
<br /> • <��.. �
<br /> . � Mortgage. � �
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<br /> 9, A�gj�nment of Rentc; Mana�Pment of Pronertv. As adGlitional security hereunder, � �
<br /> Mortgagor hereby assigns to Mortgagee the rents, issues and profits of the Property, provided
<br /> . that Mortgagor shall, pnor to Acceleration under paragraph 11 hereof or abandonment of the
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<br /> _. . _i Property, have tne ngnt to couecc ana re�a�n�ucn tGtta�. taauw a�v y�v....�.........� ........�..' --- i --�- --'---
<br /> and payable. Upon acceleration or abandonment of the Property, Mortgagee may, either in
<br /> person or by agent,with or without bringing any action or�roceeding,or by a receiver appointed �
<br /> by a court and without regard to the adequacy of its security,enter upon and take possess�on of ;
<br /> � ihe Property, or any part thereof, and do any a�ts which it deems necessary or desirable to
<br /> preserve the value, rnarketability or rentability of the Property, or any part thereof or interest
<br /> therein, increase the income therefi•om dr protect the security ther.eof and,with or without takin�
<br /> � Qossession of the Property, sue for or otherwise collect the cents, issues and profits thereof,
<br /> , ; including those past due and unpaid, and apply thc samc, Icss costs and expenses of opetation
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