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may, at his option. exhaust any one or mere of such security futereats and the security of this Mortgage, either concurrently ar independently, and in such order as Mortgagee shall determine. Section 2.09. Title Costs, In any action oamoenced to forecioBe Phis Mortgage; gyms expended by Mortgagee in obtain- ing a preliminary title report and any other title work shall be added to aid becaae part of the sums hereby secured and .included as apart of the judgment fn any decree of foreclosure. Defeasance Article III Section 3.01_ After full and c~pelte payment cad satisfac- ti_s~+_ cf t~ pri ncipal of cad :.merest on she Note arxd aL1 othez obligations secured hereby shall be paid in full, then, and is that case at-lY, this Mortgage shall become mll and wid and the interest of Mortgagor in the mortgaged Property shall become wholly clear of the lien and security interest seated hereby, and snxch Lien and security interest shall be released in due course at the cost of Mortgagor ~.pon receipt by the Mortgagee of evidence satisfactory to them of the payment in full of the obligations secured hereby: otherwise and at all times this Mortgage shall remain and continue in full force and effect. Default and R~nedies Article PI Section 9.01. Default. The Note anti all other irdehted:.€os of the Mortgagor then testing hereunder shall up•sn *he optica~ ~ the Mortgagee become imaediately due and payable, if one or mare of the following events (hereinafter anlied ~3efauit" or "Event of ~tailit") B$Sali fiCCUr: A. TY~ Mortgagor fails th :eke any payment of arincipal as into€est on tlse :~^te when s~.~.h r'ay~nt is due an$ payable. S. A material representation made by Mortgagor herein or a:sy writing furnished in connection herewith proves to be untrue when made, C. A failure by the Mortgagor ts~ perform or observe any agreement, condition or covenant contained in the Note or the failure by the Mortgagor th perform or observe any other tezm, cexsdi.tian, eouenant or agreement contained in this Mortgage, oz in any of the Securing Agreements. D. The Mortgagor fails to oay when doe any principal or interest on any other debt, or the Mortgagor fails to perform arty obligation wii-.ia respect to such debt and such failure permits the holder thereof th cause it tc beanie due prior to its maturity. E. The Mortr~agor shall do any of tx~e following events ti) wit in writing its inability to pay its debts as they ~tuxe, iii) ,~akea m assignment for the benefit of creditors, (iii) b@cgmea in~lvent, tiv) voluntarily suspends the transaction of its usual busines6, iv) applies for, consents Uo, acquiesces in, ctx' faiils by appropriate proceedings properly to contest the ~a~pointment of a trustee car receiver for the Mortgagor or ~y r~"E'o-rtT. '+'~ ~ it ir,f`siLiit6s, ODnBent6 t0, acEjUl @acea in, 4r fssils ~ apnzragriata praceedirg6 properly th confect any barskruptcy, reorganization, dBbt arrangement cr other proceeding txrKlar ~+Y bankruptcy cu' insolvency lean of any dissolution or liquidation prvacaedinga against the Mortgagor or any of its Pr~~~