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<br />8a~- u ~ ~ .~ ~'7
<br />Further, ;4lortgayor sha11 furnish ~;n;tually within three and
<br />one-half months of the end of its fis;:«7_ 1'<s~zr ~, iu17. financial.
<br />Statement, whic}i stater~eiTt i~=, to be. in acceptabl.c form to he
<br />Mortgagee. --."rso-f;;rni:s-h-~a--ttro-l~7or-t.~art*e~
<br />~? t l romm+<r,;...~~-~et~s ~ .. '1'ii~~i..t";cr ~.•`^p1z-p-ta~ the '~"iTm['tc
<br />.,
<br />-*s-.cnr`ur~irr`sn^vcrs~--47-3'f_'}I- 1S`~`C:~S~`I-CS7Y'S' ~7^7T1t7--{per]'-~~-
<br />i •+nr~ na + .__ J
<br />12. Notwithstanding anythirq to the contrary cont,;itied herein,
<br />the Mortgagor may:
<br />a. expand the e:;isi_i;;g ?a11 provided the expansion duos
<br />not adversely affect the value of the shopping ma1.1 and the t•icrtgagee
<br />has approved the said expansion;
<br />b. obtain wraparound mortgage financing for up to a 78,00 °'
<br />square foot addition, which addition wot:lcl be at the rear of thc~ _
<br />shopping mall, provided, ha:aever, the terms and cand.i tians of t12e
<br />wraparound martyaye financing arc? approved i.n cari_tincr b}= the t=iortgaaee;
<br />c. obtain secondary finat:cina ::~borr'.inate to tl'te lien of
<br />this i'iortaag? prol'idc.d 1.1T~ t_~r;; and conui.ti.ons of said ,.econdary
<br />fi=:ancing are ai~~prov~d in ~r;ri.tinc; by the ^iarL-yay~ ~;
<br />d. lease aorti_ons o t_he unimpralTed pres;isi-s provided t-he farm:;
<br />and conditions of the lease are approved in writing by the ?~iartgaee
<br />and all requiresrents of authori-_.-.c's having jnrisdictio;? t}-~eraof have
<br />been complied ,•~ith and :satisfied.
<br />13. Upon default by Aicrtyagcr, as defined h~xein, "icrtgage:e :,hall
<br />have the rici]t at its option and in its sole discretion, in addition
<br />to any other right yrantec? to 2artgrcgee herein with respect to a de-
<br />f"cult hereunder, to transfer to :itself all right, title and interest
<br />in the mortgaged pranerty and pre?Wises by !deed in ].i.eu of Por:~clasu: e
<br />in accordance with the ter>:s and conditions of. the L'scrow Agreement
<br />dated September 15, 1950 b1= and bctt,'eerr i•iortga.c;ar and :"iartg<:gee; pre-
<br />vided, how2var, that Mortyacree sl]all not have thc+ r i..;::, to c xercise
<br />«uCh optlan ant? 1. It haS 1]rCb'iii;?d 1~T].ttCl: :]ar.'-Ci. Oi a _iC?fc.i_lt ITere-
<br />under to iiortaagar by certified ra-ail, return receil;t ~eaucsLd, to
<br />t?]e address cf i•iartgaga.r set forth above, er such other ._.;,ire?ss as
<br />Mortgagor st.a_'- have designated i_n :ariti.nc;, o?- by 1}erson~l service .,~
<br />such written I!atiCe upon an ac}cnt of t•3a~r±-+?aga- a?;~l tSartga ;or has
<br />failed to full;: cure such def=ault :.ithin si..t.~~~ {6^) days -utter the
<br />personal Serl'1i:e ar tt,'f liter of dF'llVery' of SU~Ii .._ :ttc~Il !'=J ~-1;v C? a--:~.T or
<br />to Mortgago_'.
<br />l4. The vari.o:ts rights, rc=_niec?ies, options ar}d c:te~ti.~~~c?s of :•ta~-tgc;ee~,
<br />expressed `.,Drain, are cei??ulat_ ive, and tl?e f r:ilure of the- ortgst:;:_•c to
<br />exercise any siecti_an or option ar to resa].4. ar have recourse: tc~-:;n}•
<br />re_i~e:'y her_in conferre<: shall not i,e cona:truec3 or clc~s~rr~r~,i to ]..e a s~aib'2r
<br />or a reiinquish.;;et.t for tree .,tur~a bj' the 'la?-.ca<see of ~:zr.,' sucit iyiits,
<br />remedies, o;~tions• ar:d elections, buk ties _.ar:~ sh~7 ::~nLe.:ii<~ ;,, gtall
<br />farce and efi~ct.
<br />Cnntiz2uatier:
<br />:71=~ ~xj' Lx~ft u;. f:. __. ~.. -..~x i_31*. .-: iJ i. ~_ ~S C' .. ... :<j~ •Ji -.. ':,
<br />C:at£'. .f:E~i'EJ: .,. .. tiS :' ..~:oti:~iz r;~ ~zf $t ~ ~'_ , (i i!ii -_, _..
<br />the :•ROrts3~;<,~r hLrc_is to Asset =..~nay•-.,,_~.rt .-~_.
<br />_~_
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