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�� ' .�vXr116IR Mi�r•••'^ -�.� _- `- u°...._.. .., I . ,�Y�^{��"-7 �� _'—..._'— _— _ e_'•��SB��;LtsGU�:��_."" ,�rL.:!r✓��_.�..T--z--.`,_,..,�'___ •-°_:_ - ---- -- � �.�..�,�.— -- --- --- ------- ---------_ - --s" - - - - -- -- ._ __ _ __ _ _ __ —: .s+.��+r�►*.��wan.�.....�.-...----�----•�-------------___---------- — . �y� ��4 at said location and all accessions,parts or�ciditiAns to,all replacements of all substitutions for any of such property. • AS�E �MF FNT: NOW,THEREFORE,in consideration of the above recitals and for th�other good and valuable �_ consideration,the receipt and suff'iciency of which are hereby acknowledg,ed,MQrt�ag�r hereby agrees to th�foregoing and as follows: To secure perforniznce of the Guaranty and perforniance of all obligations of Mortgagor under this Mortgage,Mortgagor m4rtga�es and conveys to Mortgagec the Real Properiy,and grants to Mortgagee a security interest in all furnituze,Urade fixtures,equipment,inventories,supplies and other tangible personal property(collectively the"Personal Property")owned by Mortgagor located at th�Real Property and all accessi�ns,parts or additions to,all replacements of and all substitutions for any of such property, and together with all proceeds therefrom. The Real Property and the personal Property are sometunes hereinafter referred to collectively as the"Property". This Mortgage is given and accepted on the following terms and conditions which Mortgagor shall pr.omptly and faithfully observe and perform: 1. PAYMENT AND PERFORMANCE Mortgagor shall pay to Mortgagee promptly when due all indebtedness secured by ttus Mortgage and shall strictly perform all ob�igations imposed upon Mortgagor by this Mortgage. 2. FO��iuu:i?N.-".::TD*'lAP,:'TEt�ie�vrg f�F�R PRQPF.RTY 2,1 possessian. Until in default,Mortgagor may remain in possession and cantrol of and operate and manage the Property and c�llect the income from the Prop..rty. 2,2 tv to Maintain. Mortgagor shall maintain and operate the Property in accordance witti the p.rovisions of the Wendy's International,Inc.,Pranchise Agreement, applicable to thc Property (the "Franchise Agreement")and keep the Property in good condition and repair. Mortgagor shall not cause or permit any waste or unusual or unreasonable depreciation of the Property. 2,3 Ttpmov�t of mrnovement�. Mortgagor shall not derr�olish or remove any i�►provements or Personal Property from the Real Property unless like c�eplacement or substitution is made thenfor and except in accordance with the Franchise Agreement. 2,4 ��_C�py *nental R ��ements• Mortgagor shall promptly comply with all laws, ordinances and regulations of all governmental authorities applicable t� the i�se or cecupancy of the Property. Mortgagor may contest in good faith any such law, ordinance or - regularion and withhold compliance during any procc�dings,including appcopriate appeals,so long as Mortgagee's interest in the Property is not jeopazdized. � � z ..�.....,_..� -�;----�,-�--N � • ..---- - � y �''�. �. .. ". _.- - __ . , . ---- -- -- - � _,_—. .._.._ - __ _ _ -- - - - __ _-- _ . _. � . � � - - -