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201400400 contract with Borrower or Lender to pay all amounts owing under the Lease and any other lease, contract, concession, license or other agreement to Lender without proof of the default relied upon. The Lessee under the Lease or any other tenant or third party is hereby irrevocably authorized to rely upon and comply with (and shall be fully protected by Borrower in so doing) any request, notice or demand by Lender for the payment to Lender of any Rents (other than Excepted Payments consisting of proceeds of public liability insurance) or other sums which may be or thereafter become due under its lease, contract, concession, license or other agreement, or for the performance of any undertakings under any such lease, contract, concession, license or other agreement, and shall have no right or duty to inquire whether any default under this Security Instrument or under any of the othcr Loan Documents has actually occurred or is then existing. Borrower hereby constitutes and appoints each of Lender and Trustee, their respective assignees, successors, transferees and nominees, as Borrower's true and lawful attorney -in -fact and agent, with full power of substitution in the Mortgaged Property, in Borrower's name, place and stead, during an Event of Default, to do or permit any one or more of the foregoing described rights, remedies, powers and authorities, successively or concurrently, and said power of attorney shall be deemed a power coupled with an interest and irrevocable so long as any portion of the Debt is outstanding. Trustee shall not exercise the power of attorney set forth herein except as directed by Lender to do so in writing. Any money advanced by Lender in connection with any action taken under this subparagraph (viii), together with interest thereon at the Default Rate from the date of making such advancement by Lender until actually paid by Borrower, shall be a demand obligation owing by Borrower to Lender and shall be secured by this Security Instrument and by every other instrument securing all or any portion of the Debt; (ix) with or without taking possession of the Mortgaged Property, sue or otherwise collect the Rents (other than Excepted Payments consisting of proceeds of public liability insurance), including those past due and unpaid; and (x) exercise any other right or remedy available hereunder, under any of the other Loan Documents or at law or in equity. In the event of a sale, by foreclosure or otherwise, of less than all of the Mortgaged Property, this Security Instrument shall continue as a lien on the remaining portion of the Mortgaged Property. (b) The proceeds of any sale under this Security Instrument shall be applied, to the extent funds are so available, to the following items in the following order of priority: