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<br />2. Mortgagor's ]easehold interest in the leased premises is free
<br />and clear of all liens and encumbrances of any nature whatsoever and
<br />Mortgagor has good right and lawful authority to execute and deliver
<br />this Mortgage to Mortgagee.
<br />3. Mortgagor will keep the buildings and all other improvements
<br />located upon the leased premises insured against loss by fire or other
<br />casualty as Mortgagee may require, in amounts and with companies acceptable
<br />to Mortgagee and with loss payable to Mortgagee. In case of loss under
<br />such policies, Mortgagee is authorized to adjust, collect and compromise,
<br />in its discretion, all claims thereunder and at"its sale option, is
<br />authorized to either apply the proceeds to the restoration of the property
<br />or upon the indebtedness secured hereby, but payment hereunder strall
<br />continue until the sums secured hereby are paid in full.
<br />4. Mortgagor shall at al] times fully perform and comply with all
<br />agreements, covenants, terms, conditions, duties and obligations imposed
<br />on or assumed by Mortgagor under said Lease, including but not limited
<br />to, the payment of any real or personal property taxes, special assessments
<br />or any rent which may be due thereunder, and if Mortgagor shall fail to
<br />do so, Mortgagee may, but shall not be obligated to, take any action
<br />Mortgagee deems necessary cr desirable to prevent or to cure any default
<br />by Mortgagor in the performance of or compliance with any of Mortgagor's
<br />covenants or obligations under said Lease. Mortgagee raay pay and expend
<br />such sums of money as h?ortgagee, in its sole discretion, deems necessary
<br />for any such purpose, and Mortgagor hereby agrees to pay to hortgagee,
<br />immediately upon demand, al] such sums so paid and expended by Mortgagee,
<br />together with interest thereon from the date of eaci: such Rayrnent at the
<br />maximum rate allowed at law. Ail Burns so paid and expended by Mortgagee
<br />and the interest thereon shall be added to and be secured by the ]ten of
<br />this Mortgage. Mortgagee shall not, however, incur any personal liability
<br />because of anything it may do or omit to do hereunder.
<br />5. Mortgagor shall not surrender the leasehold estate anti interest
<br />hereinabove described, nor terminate or cancel the Lease, and will not
<br />without the express written consent of Mortgagee modify, change, supplenrent~
<br />alter, amend, assign or sublet the Lease either orally or in writing. `
<br />Any such termination, cancellation, modification, change, supplement,
<br />alteration, amendment, assignment or subletting, without the prior
<br />written consent thereto by Mortgagee, shall be void and of no force and
<br />effect, and the whole indebtedness hereby secured shall, at the eptior.
<br />of the Mortgagee and without notice to Mortgagor, immediately become due
<br />and payable, and said amount due shall bear interest at the maximum rate
<br />allowed at law in effect at the time said option is exercised and this
<br />h?ortgage may be foreclosed to satisfy the same.
<br />5. Mortgagor shall promptly repair, restore yr rruuild any buildings
<br />or improvements now or hereafter- located upon the leased premises and
<br />keep the building and improvements in good condition and repair, without
<br />waste, and free from mechanic's or other liens not expressly subordinated
<br />to the lien hereof, and sha]1 not make, suffer or permit any nuisance to
<br />exist, nor to diminish ar impair the value of the leasehold estate by
<br />any act or omission to act, and shall comply with all requirements of
<br />law.
<br />7. lime is of the essence hereof, and upon t•iortgagor's default in
<br />any term or provision contained in said Lease, or any default in any
<br />term or provision containea in this Mortgage, including the cvvenant tv
<br />pay when due any sums secured by this Mortgage, or- upon h?ortgagor'~
<br />failure to pay any amount, when due, on any prior encumbrance or. the
<br />lea set;old estate, if any, the Mortgagee shah be entitled, at its sole
<br />option and without notice, io declare all sums secured by this Mortgage
<br />immediately due and payable and said amvur'.s due sirali tear interest at
<br />the maximum rate allowed at law fn effect at the time slid option i,
<br />exercised, and Mortgagee may commence an_y appropriate proceeding, ~nc]uJin
<br />foreclosure, for the satisfaction of the same; and, provided furtteer-,
<br />that upon such default the Mortgagee o: a receiver a!3pointed by a court,
<br />may at its option anti without regard to the adequacy of the security,
<br />enter upon and take possessron e' the leasehold cstati and collet*, the
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