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8LJ~fP~ ~~4J~3J~ 3.
<br />and prosecute in its own name in the action or proceedings, cr to make any comp mmise cr
<br />settlement in connection with such taking or damage. A!! such compensation, awards,
<br />damages, rights of action and proceeds are hereby assigned to 'rAOrtgagee, who may, after
<br />deducting ttrerefrom all of its expenses, inclcding attorney's fees, re{ease any money sq
<br />re:xived by it or apply the same on any indebtedness secured hereby. Mortgagor agrees to
<br />execute such further assignments of any compensation, awards, damages and righfis of action
<br />and proceeds as Mortgagee may require.
<br />!i). That Mortgagor shall comply, at all times, with aIi federal and state laws, all
<br />municipal ordinances and all rules and regulations of any governmental entity having
<br />jurisdiction over the premises, insofar as said laws, ordinances, rules and regulations
<br />pertain in any way to the premises and their use.
<br />11. That the Mortgagee, and any persons authorized by Mortgagee, shall have the right
<br />to enter and inspect the premises at all reasonable times.
<br />I2. R•brtgagor will not further mortgage cr 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 />lation or~surrender of any lease of the premises, or any part thereof, now existing or
<br />hereafter made, or modify any such lease ,so as to shorten the unexpired term thereof or
<br />so as to decrease the amount of rents payable thereunder, or accept payments o4 any
<br />installments of rent to become due under such leases fora period of more than one month
<br />in advance. Mortgagor will not execute any lease of any portion of the premises except
<br />For actual occupancy by the lessee thereunder, will at all times promptly and faithfully
<br />perfcrm, or cause to be performed, all of the covenants, conditions and agreements
<br />contained in alt leases of the premises now or hereafter existing, on the part of the
<br />lessor thereunder to be kept and performed; all leases upon the mortgaged premises shall
<br />h° in form and substance satisfactory to Mortgagee and, at the option of Mortgagee, shall
<br />be assigned to Mortgagee.
<br />I3. 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 Dart of the premises, or if
<br />iviortgagor files a petition or institutes proceedings in bankruptcy or is adjudicated a
<br />pankrupt under any state law for the relief of debtors cr under the bankruptcy laws
<br />of the United States, or it any of the foregoing shat! happen to any ~o-maker or guarantor
<br />of the promissory note secured hereby, then, or at any time nnereafter, 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 peceme due and pavaple at once at the
<br />optian cf the Mortgagee and Mortgagee shall be entitled t.. ~_~•.are *,..; .:crtgage to be in
<br />default. The acceptance of one or more nay meats en the indaotr-dner':~r an.4, __ms ~___r~d
<br />by this mortgage made by anyone other Char. the hROrtGagcr prior to ccnt~r:cotiun of fore-
<br />closure sale shall net constitute i~brtgagee's waiver of its tidal to accalerare the
<br />:raturity of the aforesaid indebtednes=_ and alt other gums ~.ecured ,~.ereb~s.
<br />i4. i~lc remedy conferred upon or reserved to wa rt ~acee in this r*a~rroaae or a-: y~ ot.h:er
<br />securing agreement is i,tended to be exclusive of any other remeoy or remedies land each
<br />ant every _uch remedy shaft ,,.. ....mulat•ve, end sh~l, ,_ ~,, ,err tc every .-,The, rernea~i
<br />given nereuran_er, or now or hereafter; exiting, of i.. e4..ity or by state ~. .o deiav
<br />or omission of Mortgagee to exercise any right or 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 every power and remedy given Sy this morteaye to the
<br />Ntortgagee may be exercised from time to time as often as may he deemed expedient to
<br />Mortgagee.
<br />I5. tfiortgagor will keep adequate records and books of account in accordance dith
<br />generally accepted accowiting principles and will deliver fo rf:ortgagee, within 4S days
<br />after the close of each of ivtortgagor's fiscal years an iterni_ed statement certi*ied Sv
<br />an officer of Mortgagor showing elf items of income and expense ter the mortgaged proper*v,
<br />setting forth in each case, in comparati va form, flyer 2s for the preceding year. Ttrrouyh-
<br />out the term of tats mortgage, Nbrtgagor, with reasonable promptnes-::, will Belie-er to
<br />Mortgagee such other information with respect to the mortgaged premises as f~rty;,yee may
<br />reasonably request from time to time. All financial statenrenls snail ~e prapcred ~n
<br />accordance with generally accepted accounting practice and snail be deli.e red in durli~ate.
<br />Now if said Mortgagor shall pay or cause to be paid said sums of rrx~ney wnen due as
<br />set forth in said Note and in this instrument, and any additional odvances made, with
<br />interest, as herein proviged, and shall also have paid .all r`her !,,,__tednas=; ::,,,.:,-ed by
<br />this Mortgage and shall have faithfully and fully kept aid performsCPeac;n and ::I~I of the
<br />covenants and agreements herein contained or contained in said .dote or any other notes or
<br />agreements for additional advances, tnen this conveyance s:ra!i pe null .uid eci;;, otherwise
<br />it shall remain in full force and etfect.
<br />tf default shall be made in any payment due on said !vote ~r ;his ins?rumen*, or on
<br />any other notes or agreements for additional advances; _ .^ keeping the mprovemerrts on
<br />~a
<br />.,a.,, pr ;:.^is-~ ..,~,,, c., as or~~ "aid, with toss, ii any, pay ab ie to sate As~oi.~afion; or in
<br />payment of taxes or assessments of any nature upon .,aid c:remi=,es or thl.-. '•~rt-:i~,ge or
<br />indebtedness secured !hereby, be{ore the same tec.~me del!nquent i! p('ovi~.i;Y.l 'rr id~ance
<br />payment has not been made as described above, or in Inc evert rn..: rLe r~gui .~menr "rut
<br />advance payments is waived; er in the event that N~rrgagor fail; tc _orrK,r~r: rr~ ~~..~ -.;umple~
<br />witn or should otherw is;e breadr any of the conditi vas, covenants ~.:r aq-erm6r~*~. .cn tamed
<br />r thi =. *~.,rtya.,da, '3r tfre :vote which t secar e~,, ur :ray ~Pher -i_.r ~r ~ ~<:m ,-. ...
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