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<br /> 16. Ftr�n►tcta!Reports. Grantor will furnish to the�ene�ciary or any Lend�r , ��� �
<br /> � . � such information und data with respect to the Mortgaged Psemises as Beneficiary or � �
<br />_ � � such Lender may reasonably requ�st. �.
<br /> � � 17. Subrogatlnn. Grantor acknowle�ges and agrees that Trustee or ,, �
<br /> � ' Bene�iciary, as the case may be, shall be subrogated to any lien discharged out of the
<br /> �. � _, proceeds of any drafts presentcd under any of the Letters of Credit, the proceeds of ,, .
<br /> any loan evidenced by any of the Notes or out of any advance by Trustee or �
<br /> � • � Beneficiary, as the case may be, hereunder, urespective of whether or not any such
<br /> lien may have been released of record. •
<br /> � ° � 18. Events of Default. Any one or more of the following shall constitute an '"�
<br /> . .� '. � svent of default hereunder: —
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<br /> � . . (a) Any event occurs or condition exists which is specified as an Event :
<br /> � of Default in ehe Credit Agreement; or ,� ` ��.
<br /> „ ' (b) Except as otherwise permitted by the Credit Agreement or " � F�`�s�°�
<br /> � Secdon 11 hereof, the Mortgaged Premises or any part thereof shall be sold, �' :��
<br /> � transferred, or conveyed, whether voluntarily or involuntarily, by operation of .! -
<br /> � law or otherwise, except for sales of obsolete, worn out or unusable�xtures or � ���� �
<br /> personal property which are concunently replaced with similar fixtures or �_f '
<br /> , personal property at least equal in quality and con�iuon to those sold and owned �� ..,, -
<br /> . by Grantor free of any lien, charge or encurnbrance other than the lien hereof; I
<br /> or ; ., . �
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<br /> " (c) Any indebtedne�s securecl by a lien or charge on the Mortga�ed ' . �_�
<br /> . -- Premises or any part thereof is not paid v�hen due (subject to any applicuble ;
<br /> grace period) or proceedings are commenced to foreclose or otherwise realize � " .. �
<br /> upon any such lien or charge or to have a receiver appoxnted for the property � � '
<br /> subje�t thereto or to place the holder of such ir�debtedness or its representative ; �±��;;�
<br /> � , •� • in possession thereof; or i �- �r � •
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<br /> (d) The Mortgaged Premises is abandoned;or �
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<br /> (e) The Grantor shall at any time deliver or cause to be deliverecl to , .. � '%�
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<br /> ,� the Beneficiary or ehe Trustee a notice pursuant to the laws of the State wherein � r�
<br /> ' the Morcgaged Premises is located electing to ternunate the effecdveness of the �`� i;
<br />_� lien of this Indenture as security for advances made or obligarions incurred ; '
<br /> . after the date of receipt of such nodce. ' -
<br /> 19. Remedies. When any event of default has happened and is continuing
<br /> � (regazdless of the pendency of any proceeding which has or might have the effect of :
<br /> � preventing Grantor from complying with the terms of this instrument and regardless •
<br /> of the adequacy of the securiry for the Applicadons and the Notes) and in addition to '
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