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<br />200604217
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<br />Project for the purposes hereinafter stated and (ii) the action so proposed to be taken
<br />will not impair the usefulness ofthe proj ect and will not destroy the means of ingress
<br />thereto and egress therefrom; and
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<br />(g) The proceeds, if any, of any such transaction which shall be paid into
<br />the Bond Account.
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<br />SECTION 11. Assignment of Rents. Issues. and Profits. All leases or occupancy
<br />agreements with respect thereto and all ofthe accounts, rents, monthly charges, issues, proceeds, and
<br />profits ofthe Project are hereby assigned to the Issuer and the Purchaser as further security for the
<br />payment of the indebtedness and performance of the obligations, covenants, promises, and
<br />agreements secured hereby. In case Company defaults in the performance of any ofthe c.ovenants,
<br />promises, and agreements secured hereby or in the performance of any of the Company's agreements
<br />herein contained, or in the Agreement, or in the Note, the Purchaser shall be entitled at any time
<br />without notice, in its sole discretion, either by its agents, attorneys, employees, or by a receiver to
<br />be appointed by a court, and without regard to the adequacy of any security for the indebtedness
<br />hereby secured, to enter upon and take possession of the Project or any party thereof, and to do and
<br />perfonn any act that the Purchaser may deem necessary or proper to conserve the value thereof, and
<br />to collect and receive all accounts, rents, monthly charges, issues, and profits therefrom, including
<br />those past due and unpaid, as well as those accruing thereunder. The Company further agrees that
<br />the Purchaser may also take possession of, and use any and all personal property contained in the
<br />Project and used by the Company in the operation, rental or leasing of the Project, or any part
<br />thereof. The Purchaser shall apply all such accounts, rents, monthly charges, issues, and profits
<br />collected or received by it in the manner as provided in the Agreement. The expense (including
<br />receiver's fees, if any, the compensation to any agent appointed by the Purchaser, and counsel fees
<br />and costs and disbursements) incurred in taking possession and effecting such collection, shall be
<br />deemed a portion of the expense of this Mortgage secured hereby. Neither the collection of such
<br />accounts, rents, monthly charges, issues, and profits and the application or release thereof as
<br />aforesaid, shall cure or waive any default. Said accounts, rents, monthly charges, issues, and profits
<br />may be applied upon any indebtedness and/or obligation secured hereby as provided in the
<br />Agreement.
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<br />SECTION 12. Compliance with Laws. The Company shall comply with all the laws,
<br />ordinances, regulations, covenants, conditions and restrictions affecting the Project and covenants
<br />not to suffer or permit any act to be done in or upon the Project in violation thereof.
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<br />SECTION 13. Advances. Upon the Company's failure to comply with the preceding
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