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84005448
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84005448
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Last modified
11/20/2008 9:56:08 PM
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11/20/2008 9:56:05 PM
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DEEDS
Inst Number
84005448
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<br />B4-005448 <br /> <br />covenant, condition or obligation to be promptly performed or <br />observed on behalf of the Issuer, and the Issuer shall permit the <br />Bondholder to enter upon the Premises with or without notice and <br />to do anything thereon or thereto which the Bondholder shall deem <br />necessary or prudent for such purpose. <br /> <br />(e) If the Bondholder shall make any payment or <br />perform any act or take action in accordance with the preceding <br />sentence the Bondholder, within 60 days thereafter, will give to <br />the Issuer written notice of the making of any such payment, the <br />performance of any such act or the taking of any such action. <br />All moneys expended by the Bondholder in connection therewith <br />(including, but not limited to, legal expenses including <br />reasonable attorneys' fees and disbursements), together with <br />interest thereon at the Default Rate from the date of each such <br />expenditure, shall be paid by the Issuer to the Bondholder <br />forthwith upon demand by the Bondholder and shall be secured by <br />this Mortgage, and the Bondholder, shall have, in addition to any <br />other right or remedy of the Bondholder, the sarne rights and <br />remedies in the event of nonpayment of any such sums by the <br />Issuer as in the case of a default by the Issuer in the payment <br />of the Bond. <br /> <br />(f) Any sale or sales pt._.-;uant to judicial proceedings <br />shall operate to divest all rig:" Litle aL~ interest whatsoever <br />of the Issuer with reE;?ect to ~.~ property sold,. To the extent <br />permitted by law, the Issuer agrees that it will not at any time <br />insist upon or plead, or in any manner whatsoever, claim or seek <br />to take the benefit or advantage of, any stay or extension law <br />now or at any time hereafter in force; and it w~.ll not claim, <br />take or insist upon any benefit or advantage vi any law now or <br />hereafter in force providing for the valuation or appraisement of <br />any of the Mortgaged Property prior to any sale or sales thereof; <br />and it will net, after any such sale or sales, claim or exercise <br />any right under any law heretofore or hereafter enacted to redeem <br />the property so sold or any part thereof. <br /> <br />(g) No remedy conferred upon or reserved to the <br />Bondholder in this Mortgage or any other agreement is intended to <br />be exclusive of any other remedy or remedies, and each and every <br />power or remedy herein specifically given shall be in addition to <br />every other power or remedy, existing or implied, given now or <br />hereafter existing at law or in equity, and each and every power <br />and remedy herein specifically given or otherwise so existing may <br />be exercised from time to time and as orten and in such order as <br />may be deemed expedient by the Bondholder, and the exercise or <br />the beginning of the exercise of one power or remedy shall not be <br />deemed a waiver of the right to exercise at the same time or <br />thereafter any other power or remedy. No delay or omission of <br />the Bondholder in the exercise of any right or power accruing <br />hereunder shall impair any such right or power or be construed to <br />be a waiver of any default or acquiescence therein. In case the <br />Bondholder shall have proceeded to enforce any right under this <br />Mortgage by foreclosure, entry or otherwise, and such proceedings <br /> <br />-21- <br /> <br />u <br /> <br />L <br /> <br />-.J <br /> <br />L <br />
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