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87105313
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Last modified
10/19/2011 12:14:36 PM
Creation date
3/27/2008 2:48:12 PM
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DEEDS
Inst Number
87105313
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--17- <br />occupied by the Mortgagor shall bear to the total rentable <br />space of said Property. This covenant shall be effective <br />irrespective of whatever foreclosure proceeding shall have <br />been instituted and irrespective of any application for or <br />appointment of a receiver. <br />At any foreclosure sale, any combination, or all, of <br />the Property or security given to secure the Secured Debt, <br />may be offered for sale for one total price, and the <br />proceeds of such sale accounted for in one account without <br />distinction between the items of security or without <br />assigning them any proportion of such proceeds, the <br />Mortgagor hereby waiving the application of any doctrine of <br />marshalling; and, in case the Mortgagee in the exercise of <br />any sale or power of sale, as the case may be, herein given, <br />elects to sell in parts or parcels, said sales may be held <br />from time to time, and the sale or power, as the case may <br />be, shall not be fully executed until all of the property or <br />security not previously sold shall have been sold. <br />S4. Expenses. If any action or proceeding be <br />commenced (except an action to foreclose this Mortgage or to <br />collect the debt secured hereby), to which action or <br />proceeding the Mortgagee is made a party, or in which it <br />becomes necessary to defend or uphold the lien of this <br />Mortgage, then all sums (and interest thereon) paid by the <br />Mortgagee for the expenses of any litigation to prosecute or <br />defend the rights and lien created by this Mortgage <br />(including reasonable counsel fees), shall be paid by the <br />Mortgagor,_ and any such sum thereon shall be a lien on the <br />Property, prior to any right or title to, interest in or <br />claim upon said Property attaching or accruing subsequent to <br />the lien of this Mortgage, and shall be deemed to be secured <br />by this Mortgage. In any action or proceeding to foreclose <br />this Mortgage, or to recover or collect the Secured Debt <br />secured hereby, the provisions of law respecting the <br />recovering of costs, disbursements and allowances shall <br />prevail unaffected by this covenant. <br />55. Tax on Secured Debt or Lease. In the event that <br />hereafter it is claimed by any governmental agency that any <br />tax or other governmental charge or Imposition is due, <br />unpaid and payable by the Mortgagor or the Mortgagee upon <br />the Secured Debt hereby secured (other than a tax on the <br />interest receivable by the Mortgagee thereunder) or upon the <br />Lease, the Mortgagor will forthwith either (a) pay such tax <br />and within a reasonable time thereafter deliver to the <br />Mortgagee satisfactory proof of payment thereof or (b) <br />deposit with the Mortgagee the amount of such claimed tax, <br />together with interest and penalties thereon, pending an <br />
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