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~~~ <br />~.~(:t8 X07 -~~- <br />of the debt shall- -lie ccampletely paid prior to the 'payment of <br />- - - -t~i"~-a'.:~a~rfi.ic~isC~" ixa~c~.---s~.u,'.~x c'~r --}+~zr `..,~i~a..''~ ~~c.~'st@u - ~3vTti~n t3~ ~. - --- <br />the debt, an€i all. ~ay~tts-made: on the debt, ~hethar voluntary <br />or under €~reclcssur"e or ather enfercea~ent action or grcac~dure. <br />shall be-considered to have-been-first .paid an and-applied- <br />to the ft211 payaeent of tYiat,portion of the debt which-is got <br />secured nr gully secured by- the lie n Df this ~N.rtgage. <br />a ril Subro ag ton. T'o -the extent -that proceeds cif ,the <br />Note are otaed to pay any outstanding lien., charge or.pripr <br />encumbrance against the.: Security, suoh proceeds-have been or <br />will be advanced by the I~tortgagee at Mortgagor's request and <br />Mortgagee sha11 be subrogated to any .and all rigtats and <br />liens owed by any-owner or holder-of such .outstanding. liens-, <br />charges and prior encumbrances, irrespective of whether said <br />Bens; charges or encumbrances.-are released. <br />5.11 i~a Merger. If both the. ztessor's anti Lessee`-~ <br />estates under any lease ar any portion ~Y~:reof which consti- <br />totes a part.of the Security shall at any time aeco~ Bested <br />in one owner,'this Mortgage anti Lien created hereby-shall <br />not be destroyed or terminated by applcation.af-the ~ivctrine <br />€~€ merger.unless-.the-Mortgage-elects-otherwise in wrztng. <br />Unless Mortgagor elects-to allow the- state to merge, Mort.,- <br />gagee shall continue to have and-enjoy all of the rights and <br />privileges-off mortgagee as to the separate estates..- In <br />addition, upon the €oreclosure of .the-lien created by this <br />.*~+rtgage on the-Sec:arity.pursuant to the pravis~.ons h~;reof, <br />any teases or subl~:ases then e~;isting and created by- Pdort- <br />gagor_sha3:1-not ba destroyed or terminated by application oz <br />-the lour of taerg~r or as a i~a~.ter o~ law or as a result aE <br />such fcrealne~tre unleSS- 2Sc).rtgagee az anv gurc2iaser at any <br />- S:ic,:iriGi~Glv5~~£: ~~ic~SPiali 50 B1ec;i~. i3r] c`3L.`"{. b~ Gf DFi <br />behalf of .mortgagee or any suc?~ purchawer shall constitue a <br />LPrmination 4f any lease or sublease *.aniess MDrtga,rpe or <br />