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<br /> � ` � � . ���1569 �
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<br /> hereby ratfffes and confirms all that Mortqagee, actinq as its •
<br /> � attorRey; �or any such s�titeite shall law€ully do by virtue �
<br /> hereof. This power of attorney is caupled with the interest of
<br /> Mortqaqes created by this Mortgage.�� Mortqaqor shall ratify and �
<br /> • confirm any such sale or sales by executfng and delivering ta
<br /> - Kortgaqee or to such purchaser or purchasers all instr�ents as may
<br /> be reasonably requested far such purpose. Any such sale or sales
<br /> made under o= by virtue of this Article 3 shall operate to divest
<br /> all the estate, right, title, interest, clafm and demand
<br /> whatsoever, whether at law or in equity, of Mortqagor in and to the
<br /> �soperties and riqhts so sal�,� and shall be a perpetual ba� both
<br /> a�� lar� and ia equity aqai�s� Mortqaqor and aqainst any .:and all �
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<br /> � . . . :�ers�a�zs .�:€ai�g�g or � �a�r:�3aim t�e same, or a�s�::g��;��ere�f.�_,
<br /> . - .. ..��r�a, :t:�..�z���" �r nrEde�.��as�ar. . .
<br /> - .... . �.� _ ..�.�.� " �a ��e� event �of a� �ale ffiade. iande�.�ar����bg`�;`::�:._ �
<br /> ' � ?;�� �i�:�.�s:.��4rt��ke •3, th� e�t�.r���p�inaip�a of,� a�:�*si. inte�rest i�2-.: ,� .
<br /> resgect- ii��.��e�g.aaa�s, if nat �revam�s�y due and payable, annd ali .
<br /> efrher saar�s: req¢asred to lae paie�..��:.3�Iartgagor pursuant to the Loans
<br /> Documents, shali, at the optiar� of �:artgagee, �mmediately become
<br /> due and payable, anything in th�� Mortgaqe to the contrary
<br /> notwithstandinq.
<br /> 3.3.3 Subject to the followfnq sentence, the � �
<br /> � proceeds of any sale made under or by virtue of this Article 3,
<br /> _ toqether wftb anY other sums which then may be heid by Mortqagee
<br /> under tbis Mortgaqe, whether under the provisions of thfs Artiale
<br /> 3 or otherwfse, shall be appZied as follows: I. � �
<br /> Ffrst: to the payment of the costs and expenses of such
<br /> sale, inc2uding reasonable campensatfon to Mortgaqe�, its ,- -
<br /> agents and attorneys, and oP any judicial or private . _
<br /> proceedfngs fn which such sale may be masle, and of all otl}er -
<br /> expensea, liabilities and advances made or i.ncurred by ; ,r�
<br /> Mortqaqee, together with interest at the Default Rate an such ;,�
<br /> costs, expenses and liabilities and on all advances made by �
<br /> Mortgaqee from the date any such cost, expense ar liability �
<br /> is due, owinq or unpaid as any suct� aaivance is made, in each ;, ,
<br /> a cas.e until paid in fvli; ;,t �,
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<br /> � Second: to the payment o8 all amounts then due, owinq
<br /> or unpai� under the Loan Agreement, other than interest and � �:�.�
<br /> princfpal in respect of the Loans and amounts payable under � � ��.�
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<br /> subparagraph �'Pirst" above, together with interest on each .
<br /> auch amount at the DePault Rate from and after the date sua� �
<br /> amount is due, owfng or unpaid until paid in full; �
<br /> ��: to the payment of the interest then due, owinq
<br /> _.___..... . ..... . _. or_._unpaid____in_..respect .o� the Loans,_ _toqether...with_,_. to the.
<br /> maximuni extent permitted by law, interest thereon at the � � � � � � � �
<br />, � Detanit Rate from the date such amount is due, owinq or unpaid
<br /> � until paid in full;
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