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86- 101845 management and operation of the Collateral, as the Agent in its discretion may deem proper, the Mortgagor hereby granting the Agent full power and authority to exercise each and every one of the rights, privileges and powers contained herein at any and all times after any Default without notice to the Mortgagor or any other person. The Agent, in the exercise of the rights and powers conferred upon it hereby, shall have full power to use and apply the Rents to the payment of or on account of the following, in such order as it may determine: (a) to the payment of the operating expenses of the Premises, including the cost of management and leasing thereof (which shall include reasonable compensation to the Agent and its agents or contractors, if management be delegated to agents or contractors, and it shall also include lease commissions and other compensation and expenses of seeking and procuring tenants and entering into Leases), established claims for damages, if any, and premiums on insurance hereinabove authorized; (b) to the payment of taxes, charges and special assessments, the costs of all repairs, decorating, renewals, replacements, alterations, additions, betterments and improvements of the Collateral, including the cost from time to time of installing, replacing or repairing the Collateral, and of placing the Collateral in such condition as will, in the judgment of the Agent, make it readily rentable; and (c) to the payment of any Liabilities. 2.16. Performance of Contracts. The Agent may, in its sole discretion at any time after the occurrence of a Default notify any person obligated to the Mortgagor under or with respect to any Intangible, any Contract for Sale or any Contract for Construction of the existence of a Default, require that performance be made directly to the Agent at the Mortgagor's expense, and advance such sums as are necessary or appropriate to satisfy the Mortgagor's obligations thereunder; and the Mortgagor agrees to cooperate with the Agent in all ways reasonably requested by the Agent (including the giving of any notices requested by, or joining in any notices given by, the Agent) to accomplish the foregoing. 2.17. No Liability on Trustees, Agent or Lenders. Notwithstanding anything &o--ntained herein, the Trustees, the Agent and the Lenders shall not be obligated to perform or discharge, and do not hereby undertake to perform or discharge, any obligation, duty or liability of the Mortgagor, whether hereunder, under the Pester Leases and the Pester Contracts, under any of the Leases, under any Intangible, under any Contract for Construction, under any Contract for Sale or otherwise, and the Mortgagor shall and -29- T _._.1