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201305319
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8/19/2014 2:23:28 PM
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7/2/2013 4:44:32 PM
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DEEDS
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201305319
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have the benefit of all applicable provisions of the Illinois Mortgage Foreclosure Law (735 ILCS <br />5/15 1101). All Protective Advances shall be additional Obligations, and shall become <br />immediately due and payable without notice and with interest thereon from the date of the <br />advance. The Mortgage shall be a Lien for all Protective Advances as to subsequent purchasers <br />and judgment creditors from the time the Mortgage is recorded pursuant to Subsection (b)(1) of <br />Section 5/15 1302 of the Illinois Mortgage Foreclosure Law (735 ILCS 5/15 1101). All <br />Protective Advances shall, except to the extent, if any, that any of the same is clearly contrary to <br />or inconsistent with the provisions of the Illinois Mortgage Foreclosure Law (735 ILCS 5/15 <br />1101), apply to and be included in: <br />(A) determination of the amount of Obligations by the <br />Mortgage at any time; <br />201305319 <br />(B) the Obligations found due and owing to the Administrative <br />Agent in the judgment of foreclosure and any subsequent supplemental judgments, orders, <br />adjudications or findings by the court of any additional Obligations becoming due after such <br />entry of judgment, it being agreed that in any foreclosure judgment, the court may reserve <br />jurisdiction for such purpose; <br />(C) if right of redemption has not been waived by the <br />Mortgagor in the Mortgage, computation of amount required to redeem, pursuant to Subsections <br />(d)(2) and (e) of Section 5/15 1603 of the Illinois Mortgage Foreclosure Law (735 ILCS 5/15 <br />1101); <br />(D) determination of amount deductible from sale proceeds <br />pursuant to Section 5/15 1512 of the Illinois Mortgage Foreclosure Law (735 ILCS 5/15 1101); <br />(E) application of income in the hands of any receiver or the <br />Administrative Agent in possession; and <br />(F) computation of any deficiency judgment pursuant to <br />Subsections (b)(2) and (e) of Sections 5/15 1508 and Section 5/15 1511 of the Illinois Mortgage <br />Foreclosure Law (735 ILCS 5/15 1101). <br />ARTICLE X <br />Special Michigan Provisions <br />Section 10.1. Inconsistencies. With respect to the Property located in the state of <br />Michigan, the provisions set forth in this Article shall apply to and be made a part of the <br />Mortgage. In the event of any inconsistencies between the terms and provisions of this Article <br />and the other terms and provisions of this Mortgage, or to the extent, and only to the extent, any <br />of the terms and provisions in this Article conflict with, or are ambiguous when read together <br />with, any of the other terms and provisions of this Mortgage, the provisions of this Article shall <br />govern. Capitalized words and phrases contained in this Article shall have the definition ascribed <br />to them in the main body of the Mortgage, unless the context manifestly requires otherwise. <br />60 <br />
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