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20000147 <br />28. Actions and Praceedin s. Lender has the right to appear in and defend any action or <br />proceeding brought with respect to the Mortgaged Property and. to bring any action or <br />proceeding which Lender, in its discretion, decides should be brought to protect its <br />interest in the Mortgaged Property (which action or proceeding may be brought in the <br />name and on behalf of Borrower upon the occurrence and during the continuation of an <br />Event of Default hereunder). Lender shall, at its option, be subrogated to the lien of any <br />mortgage or other security instrument discharged in whole or in part by the Debt, and any <br />such subrogation rights shall constitute additional security for the payment of the Debt. <br />29. Waiver of Counterclaim. All amounts due under this Security Instrument, the Note and <br />the other Loan Documents shall be payable without setoff, counterclaim or any deduction <br />whatsoever. Borrower hereby waives the right to assert a setoff, counterclaim (other than <br />a mandatory or compulsory counterclaim) or deduction in any action or proceeding <br />brought against it by Lender. <br />30. Recovery of Sums Required to Be Paid. Subject to the provisions of paragraph S 1 <br />hereof, Lender shall have the right from time to time, to the extent permitted by <br />applicable law, to take action to recover any sum or sums which constitute a part of the <br />Debt as the same became due, without regard to whether or not the balance of the Debt <br />shall be due, and without prejudice to the right of Lender thereafter to bring an action of <br />foreclosure, or any other action, for a default or defaults by Borrower existing at the time <br />such earlier action was, commenced. <br />31. Marshalling~and Other Matters. Borrower hereby waives, to the extent permitted by law, <br />the benefit of all appraisement, valuation, stay, extension, reinstatement and redemption <br />laws now or hereafter in force and all rights of marshalling in the event of any sale <br />hereunder of the Mortgaged Property or any part thereof ar any interest therein. Further, <br />Borrower hereby expressly waives any and all rights of redemption from sale under any <br />order or decree of foreclosure of this Security Instrument on behalf of Borrower, and on <br />behalf of each and every person acquiring any interest in or title to the Mortgaged <br />Property subsequent to the date of this Security Instrument and on behalf of all persons to <br />the extent permitted by applicable law. <br />32. Hazardous Waste and Other Substances. <br />(a) Except as otherwise disclosed by those certain environmental assessment reports <br />with respect to the Mortgaged Property, which reports furnished to Lender by or <br />on behalf of Borrower prior to the date hereof (collectively, the "Environmental <br />R~~ort"), or otherwise disclosed to Lender in writing (including, without <br />limitation, as disclosed in any Permitted Exceptions), Borrower hereby represents <br />and warrants to Lender that, as of the date ..hereof Borrower has received no <br />written notice (i) that the Mortgaged Property is in direct or indirect violation of <br />any local, state or federal law, rule or regulation pertaining to environmental <br />regulation, contamination or clean-up (collectively, "Environmental Laws"), <br />including, without limitation, the Comprehensive Environmental Response, <br />Compensation and Liability Act of 1980 (42 U.S.C. §9601 et seg. and 40 C.F.R. <br />§302.1 et sec .), the Resource Conservation and Recovery Act of 1976 (42 U.S.C. <br />-46- <br />