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98110432
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Last modified
3/13/2012 3:52:21 AM
Creation date
10/19/2005 7:58:24 PM
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DEEDS
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98110432
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.. : .,.,.,..,, <br /> s��'�--. "'��':' _ _ _ _ — — <br /> -- --- — �,,�_. _ __ __ _ _ <br /> � . 98- iso:�z <br /> Le�, witbout the prior wriaen coneent of Mort��Qx�except for terminuione <br /> of t!� of t6e Permlttod Lwes deicribed in Subeec R ;�.7(�l mede in the <br /> otdia�tyr courx of Mort��a'a busineaa. Mor���or e6�li not consent to any <br /> wisnment or aubletling under any lea�e it�ludia�the Permined L.easee wlthout <br /> the prior written co�ccut of Mortg��ce. Mortga�or sfu�I1{nuttieclis�tely �ive notice <br /> to Mort�ee of �ny defiult under any la�ae, includin�the Permitted [.eues, <br /> which it receive.s or deliv�. Mort�gee slt�ll lu�ve tha ri�ht but not tbe <br /> obligadon� to cure Any defywlt of Mort�or under any of the lea�es and all <br /> amounta diaburud in connecdon with swid cun shxll be immedi�tely due�rd <br /> peyabk. shell be decme�i to be di�bur�ements for the protxtioa of the Col!$tecal, <br /> shill be�ecured hereby and slu�ll bar interest from tLe d�te of diaburaement un.til <br /> rep�id At tt�e Def�ult Rate. <br /> Section 2.22 F.�ch le�se of any portion of ihe Collateral s1W1 be s�baulutely subordin�te to the <br /> lien of thia Mortgage but shs�ll contain a proviaioa satisfactory to Mortg�gee t�t <br /> in the�vent of We exerci�e of the Mortgagee's ri�hhts to foroalosure bereunder <br /> such lasa, at the option of Mortg�ga or Any purch�ser upon forocloaure. ehaU <br /> not be terminated and the tedat thenunder shall attorn co such purcha�er u�d, <br /> if requeastod w do s4� sbsill eaer into a new kaae for tbe b�l�nc�e of tbe t,emi of <br /> such lease theu rea�aiaing apon the s�me terms and conditions. In the event of <br /> any such foreclosure,each such leaae not teiminated purawnt to foroeloaur� shall, <br /> � at tbe request of the Moc�tgtga, bc aasigned to Mortgagee �nd ach euch <br /> � asaignn�ent shall be recorded�ad acknowledged by ttk teaant tiaer�eunder. <br /> Section 2.23 Mort�or herebv absolutely and unconditionellv asaitna and tranaf�ers to <br /> Mortgaga all the leases, inconx� re�ts, issues, profip�and proceeds af tbe <br /> , ` CoUateral or derived fr�om the leas�og thereof W which Mortg�gor msy be <br /> � enhtlod� whether now due, pa�t due or w beoome due. �nd hereby givea to and <br /> confers upon Mortgagee the right, power amd authority ro oolloct such incaoe, <br /> rents� isaues, l�+o�tts aad prooeeds and#�rther assigns to I�attgaga at►y and all <br /> � � of ita righta wit�rrspect tl�ereto, whetleer by operuion of I�w ar otbawix. The <br /> assignment of leaxs, inoom�c:�renb, issues, pmfits and proceeds.�a provided for <br /> in t6ia Section 2.73 consti�tes an irrevoc�ble directioa �ad autborizatioa of all <br /> � . tenants uMer sny laiaes to�y all rent, cLugea, income md profits auribupbk <br /> ,� to tbe lasin�g of the Collateral w Mortgagx t�on dem�d �nd wit6o+u l�eu�ha <br /> consent or other scxion by. Mortgagor. MoRgagor irnvocablY �ppoinq <br /> Mortg�ga its we and lawfiil attomey, u the apdon of MoRgagee u �ny time, <br /> to demand� receive and eaforoe pAymeat, w give reaelpta� nlaeGS �nd <br /> sui�factions, and to sue, eitlKr in the name of Mortgasor ac;m the narne of � , <br /> Mortgagec, fnr all snch iaca�me, rents. issues,profits and pr�oceeds and apply the :�' ;:,. <br /> sAme W the indebtedarss �ec�urad hereby, after nimbuc�xment of�ay expirosee '` <br /> incurred by Mortgagee in ronnection therewith. It is undaatood aM agrei�that <br /> nither the Yoregoing assignment of income, rents� isaua, profiq siad proabcla ;��, � <br /> w Mortgaga rar the exercise by Ma�tgaga of any of its dghts or rea�edies '.. <br /> �weNOec�t�n�n►�i�woRm�as • <br /> co..+rr.+.n+�.ro.y � 1S <br />
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