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<br />and prosecute in its cwn nar~ne ir~~€ t3oe acticr~ r.,r ;~rr„s~~~+rd~~rr;~,, r,>r to rea~acv any c;omHUromis~ ar
<br />se#tiement in connection with suclFr takrig c~r dars3age. ~Mrl'I su~,:•h cr,~mrspensr~t!ion, awards,
<br />darr,~ages, r'i,gh•t~~s of ac~~ti~on ara~d ~pnoce~~ds ar'e Hereby a„sa~~,rred t+:> ~l~r~t~gagee„ who ni;~y, a~t'tar
<br />deducting t'7er~rcm all of its expenses, including attorney's fees, release amr money so
<br />received by it or apply the same on any indebtedness secured Hereby. P",artgagcr agrees to
<br />execute such further assignments of any compensation, awards, damages and rights of action
<br />and proceeds as Mortgagee may require.
<br />10. That P+iortgagor shall comply, at all times, with all federal and stag laws, all
<br />municipal ordinances and all rules and regulations ct any governmental entity having
<br />jurisdiction over the premises, insofar as said taws, ordinances, rules and regulations
<br />pertain in any way to the premises aria their use.
<br />il. That the Mortgagee, and any persons authorized by Mortgagee, sha{i have the righ#
<br />to enter and inspect the premises at all reasonable times.
<br />12. Mor#gagor will not further mortgage or encumber the premises, or assign, or
<br />attempt to assign, the rents, or any part thereof, from said premises. Mortgagor will
<br />not, except where the lessee is in default thereunder, terminate or consent to the cancel-
<br />I~ation or surrender of any (ease of the premises, or any part thereof, now existing or
<br />hereafter made, or modify any such cease so as to shorten the unexpired term thereof or
<br />so as to decrease the amount of rents payable thereunder, or accept payments of any
<br />installments of rent to become due under such leases for a period of more than one month
<br />in advance. Mortgagor will not execute any (ease of any portion of the premises except
<br />fur actual occupancy by the lessee thereunder, will at all times promptly and faithfully
<br />.perform, or cause to be performed, ail of the covenants, conditions and agreements
<br />contained in all leases of the premises now or hereafter existing, on the part of the
<br />lessor thereunder to be kept and performed; ail leases upon the mortgaged premises shall
<br />be in form and substance satisfactory to Mortgagee and, at the option of Mortgagee, shall
<br />be assigned to Mortgagee.
<br />13. in the event that Mortgagor makes an assignment for the benefit of creditors, a
<br />receiver is appointed for the Mortgagor or for all or any part of the premises, or if
<br />Mortgagor files a petition or institutes proceedings in bankruptcy or is adjudicated a
<br />bankrupt under any state law for the relief cf debtors or under the bankruptcy laws
<br />of the United States, or if any of the foregoing shall happen #o any co-maker or guarantor
<br />of the promissory note secured hereby, then, or at any time thereafter, the whole of the
<br />aforesaid indebtedness and all other sums secured by this mortgage and any other securing
<br />agreement given in connection with this loan shall become due and payable at once at the
<br />option of the h9ortgagee and Mortgagee shall be entitled :.~ declare this mortgage to be in
<br />default. The acceptance of one or more payments an the indebtedness or any sums secured
<br />by this mortgage made by anyone other than the Mortgagor prior to confirmation of fore-
<br />closure sale shall not constitute Mortgagee's waiver of its right to accelerate the
<br />maturity of the aforesaid indebtedness and all other sums secured hereby.
<br />I4. iVc remedy conferred upon or reserved to Mortgagee in this mortgage or any other
<br />securing agreemer,# is intended to be exclusive of any athe`r remedy or remedies land each
<br />and every such remedy shall be cumulative, and shall be in addition to every other remedy
<br />given Hereunder, or now or hereafter? existing, at law, in equity or by sFatute. No delay
<br />er omission of ;~'brtgagee tc exercise any.- righter power accruing upon any default shall
<br />impair any such right or power, or shall be construed to be a waiver of any such default,
<br />or an acquiescence therein; and ovary power and remedy Given by this rtx~r#gage to the
<br />Pfiortgagee may be exercised from time to time as otte.^. as may be deemed expedient to
<br />Mortgagee.
<br />I5. Mortgagor will keep adequate records and books of account in accordance with
<br />generally accepted accounting principles and will deliver to bbrtgagee, within 45 days
<br />after the close of each of Mortgagor's fiscal years an itemized statement certified by
<br />an officer of Mortgagor showing all items of income and expense for the mortgaged property,
<br />setting forth in each case, in comparative form, figures for the preceding year, Through-
<br />out the term of finis mortgage, Mortgagor, with reasonable promptness, will deliver to
<br />Mortgagee such other information with respect to the mortgaged premises as Mortgagee may
<br />reasonably request from time to time. All financial- statements shall be prepared in
<br />accordance with generally accepted accounting practice and shall be delivered in duplicate.
<br />Now if said Mortgagor shall pay or cause to be paid said sums of money when due as
<br />set forth in said idote and in this instrument, and any additional advances made, with
<br />interest, as herein provided, and shall also have paid all other indebtedness secured by
<br />this Mortgage and shall have faithfully and fully kept and performed each and all of the
<br />covenants and agreements herein contained or contained in said Note or any other notes or
<br />agreements for additional advances, then this conveyance shall be null and void, otherwise
<br />it shall remain in full force and effect.
<br />If default shall be made in any payment due on said Note or this instrument, or on
<br />any other notes or agreements for additional advances; or in keeping the improvements on
<br />said premises insured as aforesaid, with loss, if any, payable to said Association; or in
<br />payment of taxes or assessments of any nature upon said premises or this Mortgage or
<br />indebtedness secured thereby, before the same become delinquent, if provision for advance
<br />payment has not been made as described above, or in fihe event that the requirement for
<br />advance payments is waived; or in the event that Mortgagor fails to conform to and comply
<br />with or should otherwise bread. any of the conditions, covenants or agreements contained
<br />in this Mortgage, or the Note which it secures, or any other notes or agreements for
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