My WebLink
|
Help
|
About
|
Sign Out
Browse
98110432
LFImages
>
Deeds
>
Deeds By Year
>
1998
>
98110432
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/13/2012 3:52:21 AM
Creation date
10/19/2005 7:58:24 PM
Metadata
Fields
Template:
DEEDS
Inst Number
98110432
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
63
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
� N^.^T^�"^f��"l. <br /> . <br /> . <br /> .f �.(�.. <br /> ' .. . <br /> .. � �......��.__�.��n„rc . -. <br /> . �� .�. ... . .. . .. <br /> 98- iso�x <br /> Le�aee, widwut the pdar �vritten consent of Mort�#�ee� oxc;ept for terrninations <br /> of those of the Permitted Leaaes daGribod in Subsecdan 2.7(a) m� in the <br /> ordinuy course of Mortgagor's busineaa. Mort��or ahxll nut conecnt to my <br /> aesignaieat or aubletting undrr any la�d including the P'ermitted I.e�uea w�tLotit <br /> the prior written conseat of Mortsaga. Mort��gor shall immediately give notice <br /> to Mortg�ga of �ay de6ult umder my lease. including tbe Permitted Leases, <br /> which it receives or delivers. Mortgagee shall have the rlght but nat the <br /> obligation, to cun any defwlt of Mortgagor und�r s�ny of the le�tea and all <br /> amaunts disbursed in connectioa with said cure shall be immediately due aad <br /> payable, shall be dxmed to be disburseenents for the protection of tt�e Gollateral, <br /> shbJl be securod hereby and shall bear interest from We date af diaburserixat until <br /> repaid at the Default Rate. <br /> Section 2.�2 Each leasc of any portion of the Collnteeral shalt be absolutely subordiaece w the <br /> lien of this Mortgage but sh�ll coatain a provision satisfactory w Mortg�goe that <br /> in the event of tht exercise of the Martgagee's rigt►ts ta foreclosure hereunder <br /> such lease, at the option of Mortgaga or any purchaser upon for�oclosure. shall <br /> not be terminated and We tenant thereunder shall attom to such purchaur and, <br /> if requesrod to do so, shall enter into a new le�se for the bAlance of the term of <br /> such lesse then remaiaing upon the sAme terms and conditions. In thG event of <br /> , any such foreclosure,esch such lease not terminated pursu�nt to foreclos�ue sh�ll, <br /> at the roquest of the Mortgagx, be assigned w Mortgaga and �rh such <br /> assignment shall ba recorded and acknowlodgod by ihe tenant thereunder, <br /> Sa�tion 2.23 Mortgagor hereby absolutely and unconditiorwlly s�ssigna and tranefers w <br /> Martgagee all the laises, inc.�me, rents� issues, profits xnd proceeda of the <br /> Collatecal or derivod .�'ro�m thc leasing thereof W which Mortgagor may be <br /> ,� , e�ntidod, whether naw due, pest due or to bs�omo due� and hereby give�to�ad <br /> ' confers upon Mortgagce the ri�ht, power and authority to collax such inaome, <br /> reat�, isa�ua. profits.aad pmcteds a�l fnc�tha� assigna w Mortgagoe�ay�nd all <br /> . of it�rlghis with c+espeCt thereto,whdher by operation of law or otherwin. The <br /> assignmet�t of leases;�income, reats, isaues, prnfita and proceeda, sa provided for <br /> � in this Section 2.23 canstitutes m irnvocsble diraxion and anthoriz�tien of all <br /> ., tenants w�der any l�ases to pAy all reat, char8es� inoom�and profits ittrbutable <br /> . . , to tlie leaaing of tLe Collaterat w Matg�gee upon demaud and wit�ow ftttther <br /> � � canxnt or other action by Mortgagor.. � Mortgagor irrevocs�t►ty �ppointa <br /> Mortgaga its tnbe and lawful auorney. at t�e option of Mortgagae �t any tnne, <br /> to dea�aM� rc�.eive arW eaforce payment, w give receiQts� `�reksues t�d <br /> satisfx.tiom, �nd to sue� either ia thc nAme of Mortgagcx or ia the mmG.�of <br /> Mortgaga, fcx all such ineome,rents, issu�s,ProSts and procecds���nd �pply the <br /> same W the indebtednesy secured hereby, After reiarburaement of:�nY �xpeuses <br /> inc:umed by Mortgagec in connec�ion therewith. It is underotood and�egreed thst <br /> neither the foregoing assignm�nt of income, rents, issues� profits wad proaoals <br /> to Mortgaga nor ihe exercise by Mortgaga of any of its rights nr ranedies <br /> � AI�iD�AND R8S1'A'I'�MORTOA08 ' <br /> {Ota�YYM.WbtM1�I 15 <br />
The URL can be used to link to this page
Your browser does not support the video tag.