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<br />I <br /> <br />~ ~~ ~,~ <br />1.t. ,.- <br /> <br />102043 <br /> <br />4. B Shou ld any pa rt of the Mo r tgaged Prope rty come into <br />the possession of Holder. whether before or after default, <br />Holder may use or operate the Mortgaged Property (i) for the <br />purpose of preserving it or its value, (ii) in accordance with <br />any other rights held by Holder in respect of the Mortgaged <br />Property, or (iii) pursuant to the order of a court of <br />appropriate jurisdiction. Trustor covenants to promptly <br />reimburse and pay to Holder, at the place where the note is <br />payable, or at such other place as may be designated by Holder <br />in writing, the amount of all reasonable expenses (including <br />the cost of any insurance, taxes or other charges) incurred by <br />Ho lder in connect ion wi th its custody, preserva t ion, use 0 r <br />operation of the Mortgaged Pro?erty, together with interest <br />thereon from the date incurred by Holder until repaid by <br />Trustor at the Default Rate, and all such expenses, costs, <br />taxes, interest and other charges shall be a part of the <br />Secured Indebtedness. It is agreed, however, that the risk of <br />accidental loss or damage to the Mortgaged Property is on <br />Trustor, and Holder shall have no liability whatever for <br />decline in value of the Mortgaged Property, or for failure to <br />obtain or maintain insurance, or for failure to determine <br />whether any insurance ever in force is adequate as to amount or <br />as to the risks insured. <br /> <br />4.9 The proceeds f rom any sa Ie, lease or othe r dispos it ion <br />made pursuant to this Article IV or the proceeds from <br />sur rendering any i nsu rance po 1 ic ies requ ired pursuant to the <br />Loan Agreement, or the reser~es required by Section 6.6 hereof, <br />or Awards received pursuant to Section 6.4 hereof, or Casualty <br />Proceeds which Ho lder elects to apply to the Secured <br />Indebtedness pursuant to Section 6.5 hereof, shall be applied <br />by the Trus tee, 0 r by Ho lder, as the case may be, as fo llows : <br />First, to the payment of all expenses of exercising the power <br />of sale and of the sale, including, without limitation, the <br />payment of trustee's fees incurred therewith not to exceed five <br />percent (5%) of the balance of the Secured Indebtedness; <br />second, to reasonable attorneys' fees and costs of collection; <br />third, to the cost of any evidence of title procured in <br />connection with such sale and of any revenue required to be <br />paid; fourth, to accrued interest on the Secured Indebtedness; <br />fifth, to principal on the unmatured portion of the Secured <br />Indebtedness; sixth, to prepayment of the unmatured portion, if <br />any, of the Secured Indebtedness applied to installments of <br />principal in inverse order of maturity; and seventh the <br />balance, if any, remaining after the full and final payment and <br />performance of the Secured Indebtedness, to whomever is <br />lawfully entitled to the same. <br /> <br />4.10 In the event a foreclosure <br />hereunder, Holder may at any time before <br /> <br />should be commenced <br />the sa Ie di rect the <br /> <br />- 9 - <br /> <br />L <br /> <br />-l <br /> <br />L <br />