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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
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84005448
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<br />84 -005448 <br /> <br />guarantee polic.i.es, Torrens certificates and similar data with <br />respe:Jt to title which the Bondholder may deem necessary, all Ofd <br />which fees and expenses shall be reasonable. <br /> <br />AL such expenses shall become so much additional <br />indebtedness secured hereby and immediately due and payablE\lrwith <br />interest thereon at the Default Rate, when paid or incurred by <br />the Bondholder in connection wi th any proceeding, incliiding <br />probate and bankruptcy proceedings, to which the BondholdershalI. <br />be a party, either as plaintiff, claimant or defendant, by reaSOn <br />of this Mortgage or any indebtedness hereby secured or in <br />connection with preparations for the commencement of any suit for <br />the foreclosure hereof aftE\lr accrual of such right to foreclose~ <br />whether or not actually commenced. <br /> <br />The proceeds of any foreclosure sale shall be dis- <br />tributed and applied to the items described in (a), (b) and (c) <br />of this Section, inversely to the order of their listing, and any <br />surplus of the proceeds of such sale shall be paid to the <br />Company. <br /> <br />Section 5.06 <br /> <br />Waiver of Event of Default; <br />Forebearance. <br /> <br />Tne Bonano.l.aer may in '.r- discretion waive any Event of <br />Default hereunder and its COW" '.1\,mces and rescind any declara- <br />tion of acceleration of principal. No forebearance by the <br />Bondholder in the exercise of any right or remedy hereunder shall <br />affect the ability of the Bondholder to thereafter exercise any <br />such right or remedy. <br /> <br />Section 5.07 <br /> <br />Waiver of Redemption, Marshalling. <br /> <br />The Issuer hereby \o1aives to the full extent lawfully <br />allowed the benefit of any appraisement, homestead, moratorium, <br />stay and extension laws now or hereafter in force. The Issuer <br />hereby further waives any rights available with respect to <br />marshalling of assets so as to require the separate sales of any <br />portion of the Mortgaged Property, or as to require the <br />Bondholder to exhaust its remedies against a specific portion of <br />the Mortgaged Property before proceeding against any other, and <br />does hereby expressly consent to and authorize the sale of the <br />Mortgaged Property as a single unit or parcel. <br /> <br />ARTICLE VI <br /> <br />THE BONDHOLDER <br /> <br />Section 6.01 <br /> <br />Right of Inspection. <br /> <br />At any and all reasonable times, the Bondholder and its <br />duly authorized agents, attorneys, experts, engineers, <br />accountants and representatives shall have the right fully to <br /> <br />-23- <br /> <br />u <br /> <br />L <br /> <br />-.J <br /> <br />L <br />
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