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<br />purposes of this Subsection 3.3(d); (e) Surrender the insur-
<br />ance policies maintained pursuant to Subsections 2.2 (b) and
<br />2.2 (c) hereof, or any part thereof, and receive and apply the
<br />unearned premiums as a credit on the Secured Indebtedness,
<br />and, in connection therewith, Grantor hereby appoints Holder
<br />as the agent and attorney-in-fact for Grantor to collect such
<br />premiums. Holder shall have no obligation to keep any insur-
<br />ance in force with respect to the Mortgaged Property or any
<br />part thereof; If) Retair. any or all of the N:ortgaged Property
<br />which is fixtures or personalty in satisfaction of the Se-
<br />cured Indebtedness when?ver the circumstances are such that
<br />Holder is entitled to do so under the Code; (g) Apply the
<br />reserves, if ary, required by Section 5.8 hereof, toward
<br />payment of the Secured Indebtedness; (h) Proceed by suit or
<br />suits, at law or in equity, to enforce the payment of the
<br />Secured Indebtedness in accordance with the terms hereof and
<br />of the notes evidencing it, to foreclose ti:e lien and this
<br />Mortgage as against all or any portion of the Mortgaged
<br />Property and to have said property sold under the judgment or
<br />decrees of a court of competent jurisdiction. On or at any
<br />time after the filing of judicial proceedings to protect or
<br />enforce the rights of Holder, Holder, as a matter of right
<br />and without regard to the sufficiency of the security and
<br />without any showing of insolvency, fraud or mismanagement on
<br />the part of Grantor, shall be entitled to the appointment of
<br />a receiver or receivers of the Mortgaged Property, and of the
<br />income, rents, issues and profits thereof.
<br />3.4 Helder may .buy the Mortgaged Property, or any part
<br />thereof., at any public or judicial sale.
<br />3.5 Holder may buy the fixtures or _^ersonal property, or
<br />any part thereof, at an,; private Sale if the fixtures or
<br />personal property, or part thereof, being sold are a type
<br />customarily sold ir, a recognized market or are a type eahich
<br />is the subject of widely distributed standard price quota-
<br />tions.
<br />3.6 In additior. to any right or remedy granted to Holder
<br />hereunder, Holder shall have and may exercise any and all
<br />other rights and remedies which Holder may have at law or in
<br />equity, or by virtue of any other security instrument, or
<br />under the Code, or other~•:ise.
<br />3.7 If Holder is the purchaser of the Mortgaged Proper-
<br />ty, or any part thereof, at any sale thereof, upon any fore-
<br />closure of the liens and security interests hereof, Holder
<br />shall, upon any such purchase, acquire good title to t2ie
<br />Mortgaged Property so purchased, free of the liens and secu-
<br />rity interests of these presents.
<br />3.8 Should any part of the Mortgaged Property come into
<br />the possession of Holder, whether before or after default,
<br />Holder may use or operate the :3ortgaged Property (i) for the
<br />purpose of preserving it or its value, (ii) in accordance
<br />with any other rights held by Holder ir. respect of the Mort-
<br />gaged Property, or till) pursuant to the order of a court of
<br />a~prepriate jurisdiction. Grantor covenants to promptly
<br />reimburse and pay to Holder, at the place where the note is
<br />payable, ar at such other place as may be designated by
<br />Holder in writing, the amount of ail reasonable expenses
<br />(including the cost of any insurance, taxes or athPr charges)
<br />incurred by Holder in connection with its custody, preserva-
<br />tion, use or operation of the Mortgaged Property, together
<br />with interest thereon from the date incurred by Holder until
<br />repaid~by Grantor at the highest rate per annum permitted by
<br />law, and all such expenses, costs, taxes, interest and other
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