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84005448
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84005448
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Last modified
11/20/2008 9:56:08 PM
Creation date
11/20/2008 9:56:05 PM
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DEEDS
Inst Number
84005448
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<br />84- 005448 <br /> <br />removal may render the Collateral unusable and dispos€; of the <br />Collateral on the Mortgaged Property. The Bondholder may require <br />the Issuer to assemble the Collateral and make it available to <br />the Bondholder for its possession at a place to be designated by <br />the Bondholder which is reasonably convenient to both parties. <br />The Bondholder will give the Issuer at least five days' notice'of <br />the time and place of any public sale thereof or of the ti~ <br />after which any private sale or any other intended disposition <br />thereof is made. The requirements of reasonable notice shall be <br />met if such notice is mailed, by certified mail or equivalent, <br />postage prepaid, to the address of the Issuer and the Company <br />herein set forth and at least five days before the time of - the'-'~: <br />sale or disposition. The Bondholder may buy at any. public sale <br />and if the Collateral is of a type customarily sold in a <br />recognized market or is of a type which is the subject of widely <br />distributed standard price quotations, the Bondholder may buy at <br />private sale. Any such sale may be held as part of an in <br />conjunction with any foreclosure sale of the real estate <br />comprised within the Mortgaged Property, the Collateral and real <br />estate to be sold as one lot if the Bondholder so elects. The <br />net proceeds realized upon any such disposition, after deduction <br />for the expenses of retaking, holding, preparing for sale, <br />selling or the like and reasonable attorneys' fees and legal <br />expenses incurred by the Bondh" ..1er , shall be applied in <br />satisfaction of the indebtednes. ,reby sec~Ied. The Bondholder <br />will account to the cssuer ,,~_ any surplus realized on such <br />disposition. <br /> <br />(g) The remedies of the Bondholder hereunder are <br />cumulative and the exercise of anyone or more of the remedies <br />provided for herein or under the acc shall not be construed as a <br />waiver of any of the other remedies of the Bondholder, including <br />having the Collateral deemed part of the realty upon any <br />foreclosure thereof so long as any part of the indebtedness <br />hereby secured remains unsatisfied. <br /> <br />(hI The terms and provisions contained in this Section <br />shall, unless the context otherwise requires, have the meanings <br />and be construed as provided in the UCC. <br /> <br />Section 7.02 <br /> <br />Additions to Mortgaged Property. <br /> <br />In the event any additional Improvements not herein <br />specifically identified sna~~ De or in the future become a part <br />of the Mortgaged Property, by location or installation on the <br />Premises or otherwise, then this Mortgage shall immediately <br />attach to and constitute a lien or security interest against such <br />additional items without further act or deed of the Issuer. <br /> <br />Section 7.03 <br /> <br />No Waiver of Prepayment Premium. <br /> <br />Upon the acceleration of the maturity of the Bond at <br />any time during which a prepayment premium would otherwise be <br /> <br />-26- <br /> <br />u <br /> <br />L <br /> <br />..J <br /> <br />L <br />
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