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201508663
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Last modified
12/22/2015 4:45:44 PM
Creation date
12/22/2015 4:37:30 PM
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DEEDS
Inst Number
201508663
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201508663 <br />the Land or improvements thereon or any portion thereof under the power of eminent domain, <br />any proceeds of any policies of insurance, maintained with respect to the Land or improvements <br />thereon or proceeds of any sale, option or contract to sell the Land or improvements thereon or <br />any portion thereof; <br />Any and all additions and accessories to all of the foregoing and any and all proceeds <br />(including proceeds of insurance, eminent domain or other governmental takings and tort <br />claims), renewals, replacements and substitutions of all of the foregoing; <br />All of the books and records pertaining to the foregoing; <br />GRANTING CLAUSE VI: <br />TOGETHER WITH all right, title and interest which the Borrower hereafter may acquire <br />in and to all leases and other agreements now or hereafter entered into for the occupancy or use <br />of the Land, the Appurtenant Rights, the Improvements, the Fixtures and the Personal Property <br />or any portion thereof, whether written or oral (herein collectively referred to as the "Leases "), <br />and all rents, issues, incomes and profits in any manner arising thereunder (herein collectively <br />referred to as the "Rents "), and all right, title and interest which the Borrower now has or <br />hereafter may acquire in and to any bank accounts, security deposits, and any and all other <br />amounts held as security under the Leases, reserving to the Borrower any statutory rights; <br />GRANTING CLAUSE VII: <br />TOGETHER WITH any and all Awards and Insurance Proceeds, as each are hereinafter <br />respectively defined, or proceeds of any sale, option or contract to sell the Mortgaged Property or <br />any portion thereof (provided that no right, consent or authority to sell the Mortgaged Property or <br />any portion thereof shall be inferred or deemed to exist by reason hereof); and the Borrower <br />hereby authorizes, directs and empowers the Lender, at its option, on the Borrower's behalf, or <br />on behalf of the successors or assigns of the Borrower, to adjust, compromise, claim, collect and <br />receive such proceeds; to give acquittances therefor; and, after deducting expenses of collection, <br />including reasonable attorneys' fees, costs and disbursements, to apply the Net Proceeds, as <br />hereinafter defined, to the extent not utilized for the Restoration of the Mortgaged Property as <br />provided in the Loan Agreement hereof, to payment of the Debt, notwithstanding the fact that the <br />same may not then be due and payable or that the Debt is otherwise adequately secured; and the <br />Borrower agrees to execute and deliver from time to time such further instruments as may be <br />requested by the Lender to confirm such assignment to the Lender of any such proceeds; <br />TOGETHER WITH all rights reserved to or granted to the developer or declarant under <br />the provisions of any (i) declaration of restrictive covenants and easements affecting the Land or <br />the Mortgaged Property, or (ii) other declarations affecting the Land or the Mortgaged Property; <br />TOGETHER WITH all estate, right, title and interest, homestead or other claim or <br />demand, as well in law as in equity, which the Borrower now has or hereafter may acquire of, in <br />51668048.5 <br />GRANTING CLAUSE VIII: <br />GRANTING CLAUSE IX: <br />4 <br />
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