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<br /> KTV-156 1/23/90 (522.D Granci Islaa�d, r3�
<br /> � . ���.� .
<br /> � ���,a �oos��
<br /> of such lien aver any subardinate lien. Mortgagee may resaYt�.�or
<br /> the payment of the Inc7ebtedness secured hy this Mortgag� to. �ig -
<br /> other security therefor held by Mortgagee in such ora�r and maa-
<br /> ner as Mortgaqee may elect.
<br /> - 28. wafver of Mars�allin a.and ���.�Lain F� �t$. Tc the
<br /> extent that Mortqaqor c�ay a� � sQ, � �
<br /> Y �`c���gago� ���+�ta� .
<br /> � � express�� �aive�. an� �.��:�t pe�taiafug tQ ��mars�i;:�r� ��
<br /> � . . assets m� mars�,3'��� c�� �.ie�,�, .*�e �,�i��C c�� re��n�t�.o�:,..�� . .
<br /> , � . ��,.atutcs� ar ��:�sr. ��W riglit:�z: ����..���a�;R �om��tead, dc��rer, �
<br /> ��;.�.:te:a�� ¢�a�fta� ��are, agg���y��:; a�r�. �.�.1 o��r exemptions,
<br /> : �: �o �i�� :�atte; whic� might ci�feat, reauce o: afgect the right
<br /> of Mortg��ee to sell the Mort a ed Pro est o- as�
<br /> , for the collection of the Zndebted�essp os�th� rightaof Mortgaqee
<br /> � to the payment of the �ndebteda�ess out of the proceeds of sale of
<br /> the Mortgage@ Property or any part thereof, or the proces8s of
<br /> th�e Rents ana Space Leases, in preference to every other person
<br /> and claimant. � �
<br /> �
<br /> 29. Waivers b Mort a or. Upon' the &appening anci �
<br /> continuation of an Even o De au� hereunder, Mortgagor hereby
<br /> waives, to the extent permitted by applicable law, a].l immaterial
<br /> � errors and imperfections in any proceedings insti,tuted by �
<br /> Mortgagee under this Mortgage and all notices of any Event of �
<br /> Default �except as mmy be providec] for unde� the terms hereof) or .
<br /> of Mortgagee�s election to exgrcise or its a�tual exercise of any `'�- �
<br /> right, remedy or recourse provided for under tbis Mortgage anci
<br /> � all benefit of �n �:
<br /> r���ratoriu� law oryanreottaerc�r future statute of limitations or ___
<br /> ,:
<br /> Y present or future law, regulat�c�:n or
<br /> �r�d�cial decisimn, nmr shall I�ortgagor at any time insist �e��n or �
<br /> g:.�ad, dr in an�a r�an��s whatever claim or take any benefit or -5�
<br /> _ advanta5� of ar� statr,r��e, law, regulation or �udicial decis�on
<br /> +w�ich (a) exe�r��� any of th� Martgaged Pro����y or any ot��sw
<br /> �roperty, rea�. �r personal, or any par� of �;;e proceeds ar�sing
<br /> fram any sale �t�iereof €z�m attachment, levy a� sal� �nder ; �'
<br /> executio�, �b) provide� far any stay of execution, �r�aratorium, ��� �`
<br /> nr�rshalling of assets, exe,T���,on from civil process, redemption, '"�
<br /> :�,;:.
<br /> extension of time �for payjnent or valuation or appraisement of any '_ai���
<br /> of the Mortgagea Property, or (c) requires Mortgagee to institute , ��'"
<br /> � proceedi�gs in mortgage foreclosure against the Martgaged ' `
<br /> Property before exercising any other remedy affordeci Mortg�qee �
<br /> � hereundar upon the occurrence of an Event of Default.
<br /> 30. Notices. Whenever it is provided herein that
<br /> notice, demand, request, consent, approval or other communication
<br /> � shall or may be given to or served upon either of the parties by
<br /> . the other party, or whenever either oF the parties desires to
<br /> give or serve upon the other party any notice, demand, request,
<br /> consent, approval or other cortununlcation wtth resp�ct to this
<br /> Mortgage or to the Mortgaged Property, each such notice, demand,
<br /> request, consent, approval or other communication shall (a) be
<br /> -30-
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