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<br /> annual ta�res, assessments and at3�er ��ems requfrecl ta hs c3fschaa3�
<br /> kiy Mor�qagor under Section 1.4.1. Such amo�nts sha1Z be he�d by
<br /> Mortqagee without inte�est to Mortqaq.or and applied �ct the payment
<br /> of the obligatfans in respeat af whicb such amounts �rere depositsci,
<br /> - in such order ar priority as Mortgaqee shall determfne, on or
<br /> ' before the respective dates on which t�e same or ang thereof wan2d -
<br /> became de2fnquent. Nothi�g contained in tI�is Sectfon 1.4� shall
<br /> affect an� �igTnt or remedy of Mortqaqee under any provision of tt�is
<br /> Mortqaqe or of any s�a�ute or reile of la�r ta pay any such amount
<br /> and to a�dd the, amo�t sa paid, togethet with interest at t�e -
<br /> Defaul� Rate (as de€it�ed in the Loans Agreement) , to the other
<br /> �auat�' outstanding iYi respect of any Loans or relieve Mortgaqor
<br /> �:�;���:t�:�.�liqations ta �ake or provide for the payment of the annual
<br /> �a�tes;���assessments aaac� other charqes required to be dfscharqed by
<br /> �ortqaqor under Section 1.4.1. �
<br /> � 1.4.3 Unless contest�d ia.a�cordance with Section
<br /> ::" 1.4.5, Mortqagor sha�- timely pay a13 �����zi claims and demancls. af
<br /> mechanics, materialme�, laborers, qoyeznment aqencies administering
<br /> � worker's compensation fnsurance, old age pensieas, and soaial •
<br /> security benefits �and all other claims, judgments, demands or
<br /> ,�mounts of any nature which,. if unpaid, might result in, or permit
<br /> the cre�tion of, a I�en on� the Moss�gaged Property or : any part • �
<br /> thereof, or on the reRenues, ren�s�� :'issues, income and profits- „ �
<br /> arising therefrom. � • �
<br /> 1.4.4 Mortgaqor has obtafned and shall take a13` �I � `-_.
<br /> actfon necessary to $�aintain in fmsce and �ffect all permits� . � � �
<br /> consents, approvals, licenses, franchises or ot�er inatruments. � .` -
<br /> (collectively, "Perm�.ts"y ��qufred by any €ederal, stat�, municipal --
<br /> or local qovernment or quasi-govern:aental agency or authority to :; � :,
<br /> operate or use and occupy the Preaaises. Unless contested in - "'
<br /> accorc�anae with Section 1.4.5, Mortqagor shall comply promptly wit4� �- -
<br /> all rec�irements set forth in �ar�y oP the Permits and al.b� �.
<br /> sequiremente of.any law, ordinance, rule, regulation or requiremen� ;
<br /> ef an� federab, state, municipal or loca�. qovernment or guass- , �:�
<br /> � qovernnesrtal aqency or authority agap�icable to all or any part of � r: ,
<br /> � the Mortgaqed Property or the condit,�on, use or accupancy of ab� i .�.
<br /> �or any part thereoP or any restriction imposed upon the Mo r tgaqe d '�
<br /> �atoperty by any duly recordeai deed of restrfction, declaration, . ���
<br /> cmve4aaea�tt runnfnq with the larad o�r a�herwise, now or hereafter in �.� �.
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<br /> force. � �'
<br /> 1.4.5 Mortgagor may at its own expense contest the
<br /> amount or ap�rlicability of any oY the oDagigation� des�sibed in
<br /> Seatf�ms 1.4.1, �.4.3 and 1.9.4 by appropriate leqal preceedings,
<br /> prose�tfon of which operates to prem�nt the eolle�c�on thereof or
<br /> �� �. � ��� � � the --sale---or.. forfeiture._..of. .the_ .Mms�tqaged_ .Prop_er.�� ._or.. any. _part..
<br /> thereof to eatisfy the sam�; g�tovided, howe��er, (i) Mortga�gor hae � �
<br /> nbt��$ed Mortgaqee in wrft3aag of t.3se intention oP Mor��qor to
<br /> con��s� the same before any such at1��.igations have been i��creased -
<br /> by an� fnterest, penalties, or cost�; (fi) .
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