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<br />88-104344 <br /> <br />l'li. <br />'""'I'i <br /> <br />. .i <br /> <br />3.11 Authority. <br /> <br />Mortgagor and the undersigned officers thereof represent and <br />warrant that each has the authority to take every action and <br />execute and deliver this instrument and every other document <br />required or desirable for the purposes of this transaction, and <br />to bind the Mortgagor and the said Mortgagor's property. <br /> <br />'1''':- <br /> <br />'" <br />~~~' <br /> <br />r-.: <br /> <br />:" <br /> <br />3.12 Time. <br /> <br />Time is of the essence of this instrument and all <br />obligations of Mortgagor hereunder. <br /> <br />3.13 Legal Fees. <br /> <br />Mortgagor shall promptly pay all reasonable legal fees and <br />expenses incurred by Mortgagee in preparing all Loan Documents, <br />and other related documents and matters. <br /> <br /> <br />INTENTIONALLY LEFT BLANK <br /> <br />The following page 18 is t~e signature, execution and <br />acknowledgement page of this Mortgage. <br /> <br /> <br />-17- <br /> <br />...... <br />