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200109728
<br />Mortgagee at least ten (10) days prior to cancellation or expiration or Mortgagee has elected to self insure. In
<br />the event of foreclosure hereunder, all title and interest of the Mortgagor in and to any and all policies of
<br />insurance then in force upon the Premises and improvements, and any refund of any premium therefor, shall
<br />pass to the purchaser at such foreclosure sale.
<br />4. Mortgagee shall be subrogated to the lien, though released of record, of any encumbrance,
<br />mechanic's or vendor's lien on said Premises paid out of the proceeds of the Guaranty or otherwise advanced
<br />by Mortgagee.
<br />5. To pay promptly the principal sum, interest and any other amounts, as provided in the
<br />Guaranty, and any other sum now or hereafter secured by this Mortgage.
<br />6. Mortgagee may, from time to time, renew, extend or modify the terms of the Guaranty,
<br />including extending the time for payment or increasing or decreasing any amount due under the Guaranty
<br />or otherwise compromise the terms of the Guaranty, and in the event of any such renewal, extension or
<br />modification, all of the provisions in this Mortgage and the lien hereof shall remain in force as fully and
<br />with the same effect as if it were made originally for such renewed, extended, or modified Guaranty.
<br />7. To pay to the Mortgagee, if requested by Mortgagee, on the first day of each month, in
<br />addition to any payments provided for under the terms of the Guaranty, one - twelfth (1/12) of the anticipated
<br />annual taxes, insurance, assessments and public charges, general and special, levied and assessed against the
<br />Premises and the indebtedness hereby secured as estimated by Mortgagee. The amount of such deposit shall
<br />be adjusted by Mortgagee periodically so that sufficient sums will be available to pay all of the foregoing
<br />before interest accrues, and upon demand in writing by Mortgagee, Mortgagor shall promptly deposit with
<br />Mortgagee any amount in excess of said monthly payments which shall be required to pay such taxes,
<br />assessments and charges prior to delinquency. Mortgagor shall promptly forward to Mortgagee all bills for
<br />all taxes, assessments and public charges upon the Premises. Such payments shall not bear interest and shall
<br />be applied by Mortgagee to the payment of said taxes, assessments and public charges prior to delinquency.
<br />In case of default in any of the terms of this Mortgage or any other securing agreement now or hereafter
<br />given in connection with this Guaranty, all funds paid to and deposited with Mortgagee as provided above
<br />shall constitute additional security for all sums secured by this Mortgage and may be applied by Mortgagee
<br />as a credit on the indebtedness secured hereby. Mortgagee may, from time to time, at its option, waive, and
<br />after such waiver reinstate, any and all provisions of this paragraph requiring such payments and deposits, by
<br />notice to Mortgagor in writing. While such waiver is in effect, Mortgagor shall pay all taxes, assessments
<br />and public charges as otherwise herein provided.
<br />8. Mortgagor shall neither commit nor suffer any waste on the Premises and shall keep and
<br />maintain all buildings, improvements, appurtenances, fixtures, all parking facilities and spaces, and other
<br />property now or hereafter situated thereon in good and substantial condition and repair, and shall not take or
<br />permit any action whatsoever whereby the Premises shall become less valuable. No building, improvements,
<br />parking facilities or space, or fixtures, now or hereafter situated on the Premises shall be removed,
<br />demolished or substantially or structurally altered in any way which shall diminish the value of the Premises;
<br />nor shall any fixtures covered by this Mortgage or any personalty covered or any security agreement given in
<br />connection with this Guaranty be removed unless replaced with other fixtures or personalty with the value at
<br />least equal to that removed and free from any title retention or security agreement or other encumbrance.
<br />9. Mortgagor shall comply, at all times, with all federal and state laws, all municipal ordinances
<br />and all rules and regulations of any governmental entity having jurisdiction over the Premises, insofar as said
<br />laws, ordinances, rules and regulations pertain in any way to the Premises and their use.
<br />10. Mortgagor will execute and deliver to Mortgagee, promptly upon demand, such amendments
<br />to this Mortgage or additional securing instruments as may be required by Mortgagee, from time to time, in
<br />form and substance satisfactory to Mortgagee, covering any of the Premises conveyed by this Mortgage, as
<br />well as the personal property covered by any security agreement given in connection with the obligations
<br />secured hereby, which shall evidence a continuing first mortgage lien and security interest and shall be
<br />additional security for the Mortgagor's performance of all of the terms, covenants and conditions of the
<br />Mortgage, the Guaranty secured hereby, and any other securing instruments executed in connection with this
<br />transaction. Additionally Mortgagor shall execute and deliver such amendments or additional instruments as
<br />are reasonably necessary to correct any mistakes contained herein, to identify more clearly or precisely the
<br />property mortgaged hereunder, or otherwise necessary for the recording of this Mortgage. Such instruments
<br />may recorded or filed, at Mortgagee's option, at Mortgagor's expense. Mortgagor shall comply promptly
<br />with all obligations contained therein and any failure to comply with this paragraph, or the provisions
<br />contained in such additional instruments, shall constitute a default hereunder. This Mortgage shall secure any
<br />further sums which may become due under such additional securing instruments. If the sums secured by this
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