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87- 105341`3 -16- (g) any Collateral Event of Default under and as defined in the Collateral Trust Agreement shall occur; then, the Mortgagee shall have, and by the execution hereof the Mortgagor hereby irrevocably grants to the Mortgagee to the full extent permitted by law, in addition to any other rights provided by law or by the provisions of this Mortgage (including, without limitation any power of sale granted by statute or otherwise), 'the right forthwith after any such default to enter upon and take possession of the Property and to let the same and receive all the rents, issues and profits thereof, overdue, due or to become due, and to apply the same, after payment of all necessary charges and expenses, on account of the indebtedness hereby secured, and for such purpose said rents, issues and profits, and all subleases and licenses and other documents evidencing such rents, issues and profits, and any and all deposits which shall be held by the Mortgagor as security under such subleases, to the extent permitted by law, are hereby assigned to the Mortgagee subject to the rights of sublessees thereto, as further security for the payment of said indebtedness. At the option of the Mortgagee, such entry and taking of possession of the Property shall be accomplished either by actual entry and possession or by written notice served personally upon or sent by registered mail to the Mortgagor last appearing on the records of the Mortgagee. Any sublessee which shall default in the payment to the Mortgagee of any rent payable by such sublessee may be dispossessed by the usual summary proceedings. In the event that the Mortgagor shall continue to physically occupy the Property or any part thereof, the Mortgagor agrees to surrender possession thereof to the Mortgagee immediately upon any such default. If the Mortgagor shall remain in physical possession of the Property or any portion thereof after any such default, such possession shall be as tenant of the Mortgagee, and the Mortgagor agrees to pay to the Mortgagee, after any such default, a reasonable monthly rental for the Property or the portion thereof so occupied by the Mortgagor to be applied to the Secured Debt (in whatever order chosen by the Mortgagee) and to be paid in advance on the first day of each calendar month, and, in " default of so doing, may be dispossessed by the usual summary proceedings. Such reasonable monthly rental shall be not less than that proportion of the amount equal to one- twelfth of the annual rent payable under the Lease and the annual real estate taxes, assessments, water rates, and other Impositions and insurance premiums payable with respect to the Property (as indicated by the records of the Mortgagee), which the portion of the rentable space so