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._ , , <br /> <br />ol~l:gations of Mortgagor contained-in the Mortgagor's loan <br />app;stsa~iosr and rrzgegise ` s lt~an commifr~~nt, -anti- -any suds <br />aP~Sli~a~tion, aid co~uitnt" 3a~tw~e~€ ~ortq~gc~r -anti -any assignee <br />of l~ar~:gagse, anti each .agreement of Mortgagor-incorporated <br />by refere~sce therein or herein, artd anX modifirat:`on or <br />a~ndir~rit thereof. All represenataticrns, warranties --and <br />c~~.enants of Mortgagor t:e7~itu#.ned therein cr intor~orateil by <br />reference shall survive the close of escrow and -funding of <br />tha loan evidenced. by-the,NOte and shall remain-~ntinuing <br />obligations, warranties and representations o€ Mortgagor <br />during any tiItte when any. portion-of the obligations secured <br />by this Mortgagor .remain outstanding. <br />- 1.14. ~r.~:nent Bomain. <br />(a~ Should the Security, or any part thereof ar_interest <br />therein, be taken or damaged by reason of any public mpro~emer~ , <br />or conciexation proceeding, or in any other matsner ~ ~Gondes~ati<m ° } , <br />br shoui~l mortgagor retzeive any notice or other infarir€aticsn <br />regarding such proceeding, Mortgagor shall give profit <br />written notice thereof to Mortgagee. <br />(b; Mortgagee shall be entitled to all compensation, <br />awards-and other payments or ;.elief therefor, and shall be <br />entitled at its option to commence, appear in and prosecute- <br />- in its own name any action or proceedings. A2ortgagee shall- <br />also be entitledto make any compromise or settlement. in <br />contsection with such. taking or damage. Ali such-compen- <br />saton awards, damages, rights of action and,groaeeds aQ,rarded <br />to 9ortgagor (the. "Proceeds"} are hereby assigned to l+~ortgagee_ <br />:and-Mortgagor agrees to execute such .further assignments o€. <br />the Prot:eei3s, as P~ortgagee may require. <br />tc) In the e~ant a.~:y partioxs rs£ the- Security. -is so <br />Laken rsr daaaaged,' ~iortga.gee shall. have the- cspti.on, in its <br />solz and absolute di:acretitsn, tg apply all such Proceee}s, <br />a£tez neducL.ing therefrom all casts and expenses (regardless <br />,f the paPticc~lar Mature Lreraof and whether incurred with <br />os withtsut suit) , int:lue~in.~ attorneys' fees and other legal <br />