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202202060 ANY AND ALL PERSONS EVER CLAIMING ANY INTEREST IN THE MORTGAGED PROPERTIES, TO THE EXTENT PERMIITED BY LAW, HEREBY WAIVES AND RELEASES ALL RIGHTS OF REINSTATEMENT, REDEMPTION, VALUATION, APPRAISEMENT STAY OF EXECUTION, NOTICE OF ELECTION TO MATURE OR DECLARE DUE THE WHOLE OF THE SECURED INDEBTEDNESS AND MARSHALLING IN THE EVENT OF FORECLOSURE OF THE LIENS HEREBY CREATED. Section 11.3. Assignment of Rents. Notwithstanding provisions hereof relating to the assignment of rents, Administrative Agent shall not exercise its right to receive such rents until it has taken possession, to the extent such possession is required by any applicable Requirement of Law to exercise such right. Section 11.4. Certain Insurance Disclosures. Pursuant to the Illinois Collateral Protection Act and the Illinois Financial Institution Insurance Sales Law, Administrative Agent hereby notifies Mortgagor as follows: You may obtain insurance required in connection with your loan or extension of credit from any insurance agent, broker, or firm that sells such insurance, provided the insurance requirements in connection with your loan are otherwise complied -with. Your choice of insurance provider will not affect our credit decision or your credit terms. Unless you provide us with evidence of the insurance coverage required by your agreements with us, we may purchase insurance at your expense to protect our interest in your collateral. This insurance may, but need not, protect your interests. The coverage that we purchase may not pay any claim that you make or any claim that is made against you in connection with the collateral. You may later cancel any insurance purchased by us, but only after providing us with evidence that you have obtained insurance as required by our agreements. If we purchase insurance for the collateral, you will be responsible for the costs of that insurance, including interest and any other charges we may impose in connection with the placement of the insurance, until the effective date of the cancellation or expiration of the insurance. The costs of the insurance may be added to your total outstanding balance or obligation. The costs of the insurance may be more than the cost of insurance you may be able to obtain on your own. Section 11.5. Business Purposes. Mortgagor certifies, represents and warrants to Administrative Agent that the indebtedness secured by this Mortgage is a "business purpose loan" as provided in 815 ILCS 4/1(c). Section 11.6. Illinois Mortgage Foreclosure Law. Administrative Agent shall be entitled to the following benefits, among others, pursuant to the Illinois Mortgage Foreclosure Law (735 ILCS 5/15 1101): (i) Benefits to Act. Mortgagor and Administrative Agent shall have the benefit of all of the provisions of the Illinois Mortgage Foreclosure Law (735 ILCS 5/15 1101), including all amendments thereto which may become effective from time to time after the date hereof. If any provision of the Illinois Mortgage Foreclosure Law (735 ILCS 5/15 1101) may be repealed, Administrative Agent shall have the benefit of such provision as most recently existing prior to such repeal, as though the same were incorporated herein by express reference. (ii) Insurance. Wherever provision is made in the Mortgage for insurance policies to bear mortgage clauses or other loss payable clauses or endorsements in favor of Administrative Agent, or to confer authority upon Administrative Agent to settle or participate in the settlement of losses under policies of insurance or to hold and disburse or otherwise control use of insurance proceeds, from and after the entry of judgment of foreclosure all such rights and powers of Administrative Agent shall continue in Administrative Agent as judgment creditor or Administrative Agent until confirmation of sale. (iii) Protective Advances. All advances, disbursements and expenditures made by Administrative Agent before and during a foreclosure, and before and after judgment of foreclosure, and at any time prior to sale, and, where applicable, after sale, and during the pendency of any related 54 144646513