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201000151
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1/7/2010 4:56:18 PM
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1/7/2010 4:51:49 PM
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DEEDS
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201000151
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2oioooi5l <br />such advancement by Lender until actually paid by Borrower, shall be a demand <br />obligation owing by Borrower to Lender and shall be secured by this Security <br />Instrument and by every other instrument securing all or any portion of the Debt; <br />(ix) with or without taking possession of the Mortgaged Property, sue for or otherwise <br />collect the Rents (other than Excepted Payments consisting of proceeds of public <br />liability insurance), including those past due and unpaid, as may be permitted by <br />applicable laws; and <br />(x) exercise any other right or remedy available hereunder, under any of the other <br />Loan Documents or at law or in equity. <br />In the event of a sale, by foreclosure or otherwise, of less than all of the <br />Mortgaged Froperty, this Security Instrument shall continue as a lien on the <br />remaining portion of the Mortgaged Property. <br />(b) To the fullest extent permitted by law, the proceeds of any sale under this Security <br />Instrument shall be applied, to the extent funds are so available, to the following <br />items in such order as Lender in its discretion may determine: <br />(i) To payment of the reasonable out of pocket costs, expenses and fees of taking <br />possession of the Mortgaged Property, and of holding, operating, maintaining, <br />using, leasing, repairing, improving, marketing and selling the same and of <br />otherwise enforcing Lender's rights and remedies hereunder and under the other <br />Loan Documents, including, but not limited to, receivers' fees, court costs, <br />attorneys', accountants', appraisers', managers' and other professional fees, title <br />charges and transfer taxes; <br />(ii) To payment of all sums expended by Lender under the terms of any of the Loan <br />Documents and not yet repaid, together with interest on such sums at the Overdue <br />Rate; <br />(iii) To payment of interest, principal, the Make Whole Premium and all other <br />obligations secured by this Security Instrument, including, without limitation, <br />interest at the Overdue Rate, in any order that Lender chooses in its sole <br />discretion; and, <br />(iv) The remainder, if any, of such funds shall be disbursed to Borrower or to the <br />person or persons legally entitled thereto. <br />(c) To the extent permitted by applicable law, Lender may adjourn from time to time <br />any sale by it to be made under or by virtue of this Security Instrument by <br />announcement at the time and place appointed for such sale or for such adjourned <br />sale or sales; and, except as otherwise provided by any applicable provision of <br />law, Lender, without further notice or publication, may make such sale at the time <br />and place to which the same shall be so adjourned. <br />- 43 - <br />15445229.4.BUSINESS <br />
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