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<br />T ABLE OF CONTENTS <br /> <br />200809014 <br /> <br />Paee <br /> <br />B ackgrou n d .. ..... I'll ....... .....".. ...... ...... ...... ....,,, ,. ... ... ..... ..,..... ........... ...... ............... ........ ..... ........ ..... ....".. ...1 <br /> <br />Gran ting Clauses ............... ......................... ... ....... ................................................................. .... ..........2 <br /> <br />Terms and Conditions ....,................... II ... ......... II .......... ....................... .............................. ....... ........4 <br /> <br />1. Warranty of Title.... ................................... .......... ...... .... .......... ...... .................... .......4 <br /> <br />2. Payment of Lender Obligations. ..................................................... ........... ..............5 <br /> <br />3. Requirements................................. ...............................................,..........................5 <br /> <br />4. Payment of Taxes and Other Impositions........ ............. ...... ..............,......................5 <br /> <br />5. Insurance. ..................................................... ................ ......................,.....................6 <br /> <br />6. Restrictions; Negative Covenants. ........................................................................... 7 <br /> <br />7 . Transfer Restri cti ons . .. .. .. .. . .. .... . . .. .. .. . .. . . . .. . . . .. . .. . .. .. .. .. .... . ... .. .. .... .. . .. . . . .. . . . . . . . . .. .. ... .. . .. . <br /> 7 <br /> <br />8. Condemnation/Eminent Domain Proceeds; Casualty Losses ..................................7 <br /> <br />9. Leases... .................................................................................................................... 8 <br /> <br />10. Repair... ...................... ........ ...... .............. ...... ........ .......... ... ............ ........... ........ ..... ...8 <br /> <br />11 . Further Assurances................................................................................................... 8 <br /> <br />12. Agent's Right to Perform................ ....... ................... ................ ..... ..........................8 <br /> <br />13. Events of Default....... ............................... .......... ........... .................... ......................9 <br /> <br />14. Remedies......................................,........ ............. ............... .......................................9 <br /> <br />15. Right of Agent to Credit Sale................................................................................. 1 1 <br />16. Appointment of Receiver ............,........... ............................ .................. .................12 <br />17. Extension, Release, etc. ............................. ....................................,....................., .12 <br />18. Security Agreement under Uniform Commercial Code. .......................................13 <br /> <br />19. Future Advances................................................... ................. ......................... ..... ..13 <br /> <br />20. Assigrunent of Rents. ...... .................................... .......... ........................ ............... ..13 <br /> <br />21. Additional Rights...... ......................................... ....... ......................... ................... .14 <br />22. Mortgagor's Indemnities........................................... .......................... ...... ........... ..14 <br />23. No Liability of Agent.............................. ............. ..... ..... ............ ....................... .....15 <br /> <br />24 . Notices ................................................................................................................... 15 <br /> <br />25. No Oral Modification.............. ....... ................................ ........................... ...... .......15 <br />26. Partial Invalidity; Usury Savings Clause........................... ....................... ........ .....16 <br />27. Mortgagor's Waiver of Rights. ............................................................................ ..16 <br />28. Remedies Not Exclusive....................... ........ ........................................................ .16 <br />29. Multiple Security.. ................. .............. ........ ...... ..... ................... ....... ................... ..17 <br />30. Successors and Assigns......................... ..... ........ .......... ................... ...................... .18 <br /> <br />31. No Waivers, etc..................................................................................................... .18 <br /> <br />32. Governing Law, etc....... ........................................ ....... ........................... ...... .........19 <br /> <br />33. Certain Definitions............................................................. .................... ............ ....19 <br />34. Certain Matters Relating to Mortgaged Property........... ............. ...................... .....19 <br />35. Satisfaction of Prior Encumbrance........................................ .... ....... ................... ..20 <br /> <br />(i) <br /> <br />LIBD/1907386. I <br />