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_ � � <br /> i • <br /> ��� <br /> ������Q <br /> � mar�gAge or dead o£ trust and firet llen aeeurity intsreat can <br /> be pravlded, ahall pay any expensee reRSOnably inourred by <br /> Mortgagee !n eonnection 4herewith, inaluding fees of <br /> Mortgsgee's sttorneye and sha11 otherwise satiafy Mortgagee'8 <br /> raqulrements with reapect to auch eubatftut3on. For auoh <br /> purposes the valuation of all exieting and aubetitute eollateral <br /> ehall be eubjeot to deterrnination by Mortgagee by appraiaal in , <br /> accordance with ita standard procedurea for valuing loan <br /> colleteral as in effect from time to tim�. Upon execution, <br /> delivery and recording of aay and all instrumenta neceasary to <br /> effect any substitution provided for in thia Section 2.34, <br /> Mortgegee shall upon requeet from Mortgagor execute and <br /> dAllver an appropriste release or releasea of the Collateral. <br /> III. DEFAUI.TS AND REMEAIES, , � <br /> A. Defsults, � _} <br /> - 1 = <br /> Sactlon 3.1 Mortgagar ehall be in defaul4 hereunder if: ��-- <br /> �a) Mortgsgor ahall fall to make as the samo becomes due any - <br /> payment (whether for principal or intereat or both) on the ;� <br /> Note or under the Guaranty; - <br /> �� <br /> (b) Mor4gagor shall fafl to make as the asme becomea due any - <br /> payment requlred to be made by Mortgagor under the � <br /> terms of thfs Mortgage or under the terma of the Note or � <br /> :�: <br /> the t3usranty for amounta due other than for principal or � �; <br /> ir�tere�t; `. ` <br /> (c) Mort�agor ehall fall to perform and obaerve any and sll of <br /> Mortgsgor's covenanta and obligetlons, othar than for <br /> . paymen�te, undar the terma of the Note, the Guaranty or <br /> 39 <br /> - i <br /> � <br /> � � � � <br /> ti <br /> � <br /> l <br /> fs c <br />� ��� � <br />