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202.106436 <br />counsel fees, costs and agent's compensation) incurred pursuant to the powers contained in this <br />mortgage shall be secured by this mortgage. Mortgagee shall (after payment of all costs and <br />expenses incurred) apply any rents, issues and profits received by it on the indebtedness secured here <br />in the order that mortgagee determines. The right to enter and take possession of the mortgaged <br />property, to manage and operate it, and to collect the rents, issues and profits of it, whether by a <br />receiver or otherwise, shall be cumulative to any other right or remedy described here or afforded by <br />law, and may be exercised concurrently or independently. Mortgagee shall be liable to account only <br />for the rents, issues and profits actually received by mortgagee. <br />SECTION FOURTEEN. FURTHER SECURITY; MORTGAGEE OPTIONS <br />If the indebtedness secured in this mortgage is now or later further secured by chattel mortgages, <br />security interest, financing statements, pledges, contracts of guaranty, assignments of leases, or other <br />securities, or if the mortgaged property encumbered consists of more than one parcel of real property, <br />mortgagee may at its option exhaust any one or more of the securities and security under this <br />mortgage, or any parcels of the security under this mortgage, either concurrently or independently, <br />and in such an order as it may determine. <br />SECTION FIFTEEN, NO WAIVER <br />No delay by mortgage in exercising any right or remedy described in this mortgage, or otherwise <br />afforded by law, shall operate as a waiver of that right or remedy or preclude the exercise of it during <br />the continuance of any default under this mortgage. No waiver by mortgagee of any default shall <br />constitute a waiver of or consent to subsequent defaults. No failure of mortgagee to exercise any <br />option given to accelerate maturity of the debt secured by this mortgage, no forbearance by <br />mortgagee before or after the exercise of the option and no withdrawal or abandonment of <br />foreclosure proceeding by mortgagee shall be taken or construed as a waiver of its right to exercise <br />the option or to accelerate the maturity of the debt secured this mortgage by reason of any past, <br />present or future default on the part of mortgagor. Similarly, neither the procurement of insurance <br />nor the payment of taxes or other liens or charges by mortgagee shall be taken or construed as a <br />waiver of its right to accelerate the maturity of the debt secured in this mortgage. <br />SECTION SIXTEEN, MORTGAGEE RIGHT <br />Without affecting the liability of mortgagor or any other person (except any person expressly <br />released in writing) for payment of any indebtedness secured by this mortgage or for performance of <br />any obligation contained in it, and without affecting the rights of mortgagee with respect to any <br />security not expressly released in writing, mortgagee may, at any time and from time to time, either <br />before or after the maturity of the note, and without notice or consent: <br />A. release any person liable for payment of all or any part of the indebtedness or for <br />performance of any obligation; <br />B. make any agreement extending the time or otherwise altering the terms of payment of all or <br />any part of the indebtedness, or modifying or waiving any obligation, or subordinating, <br />modifying or otherwise dealing with the lien or charge here; <br />C. exercise or refrain from exercising or waive any right mortgagee may have; <br />6 <br />