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<br /> 7s- U � 2987 3 .
<br /> and prosecute in its own name in the action or proceedings , or to make any compromise or
<br /> settlement in connection with such taking or damage . RII such compensation , awards ,
<br /> I damages , rights of action and proceeds are hereby assigned to Mortgagee , who may , after
<br /> deducting therEfrom all of its expenses , including attorney ' s fees , release any money so
<br /> received by it or apply the same on any indebtedness secured hereby . Mortgagor agrees to
<br /> execute such further assignments of any compensatio� , awards , damages and rights of action
<br /> : and proceeds as Nbrtgagee may require .
<br /> 10 . That Mortgagor shall comply , at ali times , with all federal and state laws , all
<br /> municipai ordinances and ali rules and regulations of any governmental entity having
<br /> jurisdiction over the premises , insotar as said laws , ordinances , rules and regulations
<br /> pertain in any way to the premises and their use .
<br /> Ii . That the Mortgagee , and any persons authorized by Nbrtgagee , shail have the right
<br /> to enter and inspect the premises at all reasonable times .
<br /> t2 . Mortgagor witi not further mortgage or encumber the premises , or assign , or
<br /> ' attempt to assign , the rents , or any part thereot , from said premises . Nb rtgagor will
<br /> ` not , except where the lessee is in default thereunder , terminate or consent to the cancel -
<br /> lation or surrender of any lease ot the premises , or any part thereof , now existing or
<br /> hereafter made , or modify any such lease so as to shorten the unexpired term thereof or
<br /> so as to decrease the amount of rents payable thereunder , or accept payments of any
<br /> instaliments of rent to become due under such ieases tor a period of more than one month
<br /> in advance . Nb rtgagor will not execute any lease of any portio� of the premises except
<br /> far actual occupancy by the lessee thereunder , will at all times promptly and faithfully
<br /> perform , or cause to be performed , ali of the covenants , conditions and agreements
<br /> contained in all leases of the premises now or hereafter existing , on the part of the
<br /> lessor thereunder to be kept and performed ; ali leases upon the mortgaged premises shali
<br /> be in form and substance satisfactory to Mortgagee and , at the option of Mortgagee , shall
<br /> be assigned to Mortgagee .
<br /> 13 . in the event that Nbrtgagor makes an assignment for the benefit of creditors , a
<br /> receiver is appointed for the Mortgagor or for all or any part of the premises , or if
<br /> Mortgagor fiiles a petition or institutes proceedings in bankruptcy or is adjudicated a
<br /> � ankrupt under any state law for the relief ot debtors or under the bankruptcy laws
<br /> of the United States , or it any ofi the foregoing shall happen to any co-maker or guarantor
<br /> of the promissory note secured hereby , then , or at any time thereafter , the whole o4 the
<br /> atoresaid indebtedness and all other sums secured by fihis mortgage and any other securing
<br /> agreement given in connection with this loan shall become due and payable at once at the
<br /> option of the Mortgagee and Mortgagee shali be entitled to declare this mortgage to be in
<br /> default . The acceptance ot one or more payments on the indebtedness or any sums secured
<br /> by this mortgage made by anyone other than the Mortgagor prior to confirmation of fore -
<br /> cJosure sale shall not constitute Nbrtgagee ' s waiver of its right to accelerate the
<br /> maturity of the aforesaid indebtedness and all other sums secured hereby .
<br /> 14 . No remedy conferred upon or reserved to Nbrtgagee in this mortgage or any other
<br /> securing agreement is intended to be exclusive ofi any other remedy or remedies ( and each
<br /> and every such remedy shall be cumulative , and shali be in addition to every other remedy
<br /> given hereunder , or now or hereafter ) existing , at law , in equity or by statute . No delay
<br /> or omission of Nbrtgagee to exercise any right or power accruing upon any default shalt
<br /> impair any such right or power , or shall be construed to be a waiver of any such default ,
<br /> or an acquiescence therein ; and every power and remedy given by this mortgage to the
<br /> Mortgagee may be exercised from time to time as often as may be deemed expedient to
<br /> Mortgagee .
<br /> 15 . Mortgagor will keep adequate records and books of account in accordance with
<br /> generally accepted accounting principles and will deliver to hbrtgagee , within 45 days
<br /> afiter the close of each o4 Mortgagor ' s fiscal years an itemized' statement certified by
<br /> a� offiicer of Mortgagor showing all items of income and expense for the mortgaged property ,
<br /> setting forth in each case , in comparative farm , figures for the preceding year . Through -
<br /> out the term ot this mortgage , Nb rtgagor , with reasonabie promptness , will deliver to
<br /> Mortgagee such other information with respect to the mortgaged premises as Mortgagee may
<br /> reasonabiy request firom time to time . A11 fina� cial statements shall be prepared in
<br /> accordance with generally accepted accounting practice and shall be delivered in duplicate .
<br /> Now if said Mortgagor shall pay or cause to be paid saia sums of money when due as
<br /> , set forth in said Note and in this instrument , and any additionai advances made , with
<br /> interest , as herein provided , and shall also have paid afl other indebtedness secured by
<br /> this Mortgage and shall have fiaithtully and fiully kept and performed each and ail of the
<br /> covenants and agreements herein contained or contained in said Note or any other notes or �
<br /> ; agreements for additional advances , then this conveyance shail be null and void , otherwise � �;.. .
<br /> it shali remai � in full force and effect . ` z, '
<br /> . t If default shail be made in any payment due on said Note or this instrument , or on `
<br /> r, any other notes or agreements for additional advances ; or in keeping the improvements on t `r�
<br /> said premises i �sured as aforesaici, with loss , if any , payable to said Association ; or in � ' ;�
<br /> � paymAnt of taxes or assessments of any nature upon said premises or this Mortgage or ` e
<br /> *. ' ' indebtedness secured thereby , before the same become delinquent , if provision for advance � � ' ' "' �'
<br /> payment has not been made as described above , or in She event tha` the requirement for " , � "` •"
<br /> advance payments is waived ; or in the event ?�hat Mortgayor fails to ronform to anC comply "
<br /> with or should otherwise breach any of the conditions , covenants or agreements contained
<br /> in this Mortgage , or the Note which it secures , or any other notes or agreements for
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