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<br />80..~ ~~C~6~~J2
<br />F. Aay appointment of a trustee ar zeceiver for t§ae Mortyw~or
<br />or any of its property or anY pzoceeding against or instituted
<br />by tfie Mortgagor under aey bankruptcy, zeorganiaation, arrangement,
<br />insolvency, readjustment, or debt %aw, mt constituting a Default
<br />udne+' any previous subsection, x~nains undismissed or unstayed
<br />for thirty (30) days, or any proceedings fvr the dissolution or
<br />liguidatian of the Mortgagor not constituting asy Defanit in asry
<br />previous subsection zemains undismissed ar uastayed for thirty
<br />(30) days.
<br />G. Any final judgment as judgz~ents for the payment of money
<br />shall be rendered against the Mortgagor a-d remain undischarged
<br />for a period of ten (10) days daring rhich ~cecution i8 not
<br />effectively stayed.
<br />E. A lien is filed by the Ljnited States of America so ae
<br />to affect the mortgaged property and such lien is not discharged
<br />within ten (10) days of the filing thereat.
<br />Section 4.02. Reeoedies of Mort aa~es. In case any one or
<br />more events cvnstitut=ng an Event of pefault shall xcur and be
<br />crontinui.ng, the Mortgagor, with or without entry, personally or
<br />by attorney, may but shall not be obligated to:
<br />A. Znstitute ~ action of mortgage foreclosure on this
<br />Mastgage or institute other proceedings according to law for
<br />the foreclosure hereof, and may prosecute the sans to judgment,
<br />execution and sale, for the mlleetion of the obligations secured
<br />hereby, and alt interest with regard thereto, Logether with all
<br />louse and insurance py-~.,!? ~~< advanced by the Mortgagee, other
<br />sums payable by Mortgagor hereunder, and all fees, costs, mad
<br />expenses of such proceeding, including zeasonable attorneys'
<br />fees and expenses; or
<br />B. Tt as~d tca the extent permitted by law, may but shall not
<br />be ~'sligate3 pa, sail the mortgaged ~apzrty or any xse.et thereof,
<br />at caa~ orr ~rP put tic or private sa'].es, as _. ~^cir~ty ~_ _.. cry
<br />undivided ar severable parts, on such terms and oonditions,nfor
<br />cash ar .^:edit, as the Mortgagee may elect, at such place or
<br />places and otherwise in such manner and upon such entice as may
<br />be zequired by taw, ar, in the absence of any such requirement,
<br />as the Mortgagee may deem appropriate, and to make conveyance
<br />to the purchaser ar purchases ;
<br />C. Proaead by a suit or suits in equity or at law, wfiether
<br />for the specific performance of any covenant or agreement of Mcart-
<br />gagor ca7ntained herein or in ai.d of the execution of any power
<br />herein granted, ar for any foreclosure of this Mortgage or the
<br />sale of the aa,rtgaged property or aay part thereof under the
<br />judgment or decree of any mutt of competent jurisdiction, oz
<br />far the appointment of a receiver or receivers of Mortgagor as
<br />to the m>rtgaged ~roperty, or 5or the enforcement of any other
<br />appropriate legal or equitable z+anedy; or
<br />D. Eaoerr;ise in respect of the cortgaged property all the
<br />rights and a~ycedies available tx> a secured party upon default
<br />~ua$er the applicable provisiars of the HIsdsraskk [uniform Ca::marcia2
<br />Section 4.03, Waiver by Mortgagor. The Mortgagor, for
<br />itaelf and for all ot"}aera c aiming rough ar under it, hereby
<br />(to the extent, if any, permitted trt arxalic,able law) irrevoeahly
<br />raa,!ves a12 benefit from and agrees neveir to Mead oz take advan-
<br />tay~ of, aay and all paa3esnt ftature laws, regulations, or decisions,
<br />in vv~ery jnrisdiction ta) zelating to the valuation or appraise-
<br />aaent of apxbgagad pavparty prior to any sale thereof, (b) r++elat-
<br />ing to any stay ar eactension of the time of such sale, (c)
<br />r+elatina to the rogation ar retention by *3ae Mortgagoz of
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