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<br /> 11.3 E��ndi�,g,by Mort�_ If Mortgagor fails to comply with any provision af tha
<br /> Mortgaga�Mortgagee may elect to take the requirod e�:tion Qn Mortgagar's behslf,and any amount
<br /> thai Mortgaga expends in so doing shall be addod to the indebtedncss. Amounts so sdded shall be
<br /> payablc on demand with intenest from thc date of expenditure ut the rate of ei�t►tcen percent(18%)
<br /> per annum or a the rate the Note baars,whic}�ever is higher,but in no event at'a rate higher than the
<br /> maximum rate petmitted by law. Such action by Mortgagee shall not constitute a cure or waiver of
<br /> the default of any other right or remedy which Mortgagee may have on account of Mortgagor's
<br /> default.
<br /> 11.4 � Any notic;e under this Mortgage shall be in writing and shall be effective when
<br /> either delivered in person or,if mailed,shall be deemed effective when deposited as registered or
<br /> certified mail,postage pnpaid,address�sd to the pariy at the address stat�d in this Mortgage. Any
<br /> pariy may change its address for notices by writcen notice to the other.
<br /> � 11.5 tnv 1id Pro 'sio�to ffect No hers. If any of the provisions contain�xl in the Note
<br /> or this Mortgago shall be invalid, illegal or unenforceable in any respact,the validity of the
<br /> remainang pcovisior.s in this Murtgage and the Note shall not be a�'eeteci thenby.
<br /> 11.6 � es in W.ri�, This Mortgage and any of its terms may only be changed,waived,
<br /> discharged or teiminated by an instiwnent in writing signed by the parry against which.enforcement
<br /> of the change,waieer,dischaxge or tem�inatioa is sought. Any agreement subs�quently made by
<br /> Mortgagor or Mortgagce relating to this Mortgage siustl be superior to the rights of the holder of any
<br /> iuiciVrauiig iicii Oc ciiciiiiiticiwcc.
<br /> 11.7 A,n.elicable L.aw. The law of tl�e state where the Pinperty is located shall be applicable
<br /> for the puipose of constiuing gnd dctermbring the validity of this Martgage.
<br /> Signed and acknowledged MORTGAGOR:
<br /> in the presence of:
<br /> TonkAn Prope ,L.L.C.,
<br /> a I�rasks�l' ' bi ' company
<br /> rl � I
<br /> rr;�t�wne: � � • O. Michael M
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<br /> rr�ne r
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