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<br /> TO HAV� AND To HoLn the Mortgaged P�remises and the properties, rights and " ��
<br /> privileges hereby granted, bargained, sold, conveyed, assigned, pledged, hypoth�cated, ' � f
<br /> . alienated,released, uansferred and confirmed,and in which a security interest is granted, or �
<br /> -- intended so to be, unto Trustee, and unto Trustee's successors and assigns (but as to all
<br /> �" personal property constitudng a part of the Mortgaged Premises, unto the Beneticiary and � ,
<br /> - its successors and assigns as hereinabove provided)farever; :'
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<br /> ^ • " � IN TR.UST,NEVERTI�LES�,WITH POWER OF SALE, upon the terms and trust herein � ,,.
<br /> set ford�, for the benefit, security and protection of all present and future holders of the ���
<br /> ' ' , Notes and all sums fram time to time advanced thereon and all present and future holders of � � �;^
<br /> any other indebtedness h$reby secured; provided always, however, that these presents are � ��
<br /> • upon the express condition that if the Grantor shall pay or cause to be paid all the � ��
<br /> � indebtednes� hereby secured (including all sums payable under or according to the . _
<br /> provisions of the Applications) and shall observe, keep and perform all the terms and �; _
<br /> conditions,covenants and agreements contained in this Indenture, all Letters of Credit issued '��-
<br /> pursuant to the Applications shall have expired and any commitment contained in the Credit r�;%���-
<br /> Agreement to advance funds shall have terminated,then these presents and the estate hereby
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<br /> granted and conveyed shall cease and this Tn�iPnnirF c��ll hP��mP nuII 3st�:��id. - ' `-' -- -=
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<br /> : AIVI)GRANTOR COVENANTS,REPRESENTS AND WARRANTS AS FOLLOWS: �� %
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<br /> 1. Payment of lndebtedness. The indebtedness hereby secured �vill be -��
<br /> promptly gaid as and when the same become due. � "-;,�f�
<br /> 2. Ownership of Mortgaged Pre�nises. Grantor covenants and warrants that %'`��;
<br /> . it is lawfully seized of and has good and marketable dtle to the Mortgaged Premises ��
<br /> free and clear of a11 liens,charges and encumbrances whatever except the easements, s;,.,� ,�}
<br /> rights of way, reservadons and other minor ride defects or irregulsirities in tide which ' ;<<''�-:.�-
<br /> do not materially impair the use thereof for the purposes for which the Mortgaged = r�"
<br /> Premises is held by Trustee(collecavely,the "Permined Exceptions") and Grantor has
<br /> goad right, full power and authority to convey, transfer and mortgage the same to � j�r
<br /> � Trustee for the uses and purposes set forth in this Indenture; and Grantor will warrant i ' ;;
<br /> and f�rever defend tl�e title to the Mort�aged Premises subject to the Permitted ';;
<br /> � . Exceptions against all claims and demands whatsoever. ( � .�:
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<br />-_ 3. Further Assurances. Grantor tivill execute and deliver such further
<br /> : instruments and do such further acts as may be necessary or proper to carry out more �
<br /> effecdvely the purpose of this insuument and,without limiting the foregoin�,to make i
<br /> subject to the lien hereof any property agreed to be subjected hereto or covered by the �
<br /> Granting Clauses hereof or intended so to be. :
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<br /> 4. Possession. While Gruntor is not in default hereunder,Grantor shall be
<br /> suffered and permitted to remain in full possession, enjoyment and control of the '
<br /> Mortgaged Premises, subject always to the abservance and perfoemance of the terms �
<br /> of this instrument.
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