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<br /> Holder to collut s�nd recelve any wch sums. Holder sha21 not be. under a�ny ci�+cunutauces.
<br /> liab,�or responsib2C for faitur�to coUect.�r cxercise diligence i�tt�e w!tc..tion of.any of such
<br /> s�u�iQ. Any sums c+sceived by Ho�der as a nsult of condem.natian shajl be a}�plied ta iustalinaens
<br /> on the Obli�atioas in invtrst ot+dcr of maturity. °
<br />. Section 5.�. I �ursnce Prcx°ecds. 'The procads �f an� and al! incurance upan the
<br /> Praperry shall be collectod by Holder and Holder shall have the option. iu Holckr's sole
<br /> dISCI+�UOA,to apply any proceeds sa coltocted either tu the reswruion of tha Property or to thc
<br /> liquidation of the Obligatio�.
<br /> Secdon 5.3. $ig c t ��iGrate UnQn Tranc�. If Grantor sball sell. convey. assign
<br /> or transfer all or any part of tbe Property or any interest tt�erein other than as pmvidod in the
<br /> I.oan A�ent Holder may,�t Holder's option,wiihout demand,prcseatmeni,protest,notice
<br /> of p�otest, notice of intent ta accelerite, notice of acceleration or oiber notice, or any other
<br /> action,all of whicb are t�ercb�+waived by Grantor aad ull otlxr parties obligated in any manner
<br /> on the Obligations, declare the Obligatioas to be immediately due and payabla, which opdon
<br /> may be exer�cised at a�,v time following such sale, canveyance, assisau�ent,lease�r traasfer,
<br /> and upon such declaration thee entire unpaid balance of the Obligadons shall be immediately due
<br /> ard payabte. �oluee u�uy,,:,i Holcler's sole ciiscc�iio��a�cti at Gi�toe's rzqu�i, r�,ide �t to
<br /> exercis� said option.in which event Holder's forbearance may be predicated on such terms and
<br /> conairions as Holder may, in Holder's sole discredon, require, includi�g, but not limitod ta,
<br /> Holder's approval of the traasferce's creditworthiness and management ability,the execution smd
<br /> deGvery to Holder by a�fera grior to the sale, transfer, �, lease or coaveyatrce of
<br /> a w-rixtea assumption agr�ement containirag svch terms as Holde�may roquire, including,but aot
<br /> i�co,a payu�ent oF a part of tI�prit�cip�il amoamt of the Obligations,an increasE in t1�rate
<br /> of interest payabla on the Obiigations,the payanea�ef an assumption fee. :�modification of the
<br /> temns of the Obligations aAd such c�ther terms as Holder a�y�-^uire, or Holder may require aay
<br /> of such modificaeions of the urms of t�e Obligations without requiring an as�mption thereof
<br /> by the traasferec. Shauld the Property be sold, tru�ed, transferred,assigoerl,exchan,ged,leased
<br /> or otLerwisa disposed of without the prior writiea c�nseni of Holder and shotild payment of aay
<br /> vwtion of tl�e Oblistations tberrafter be accental bv Iiolda.such M�nt��shall mt he deemed
<br /> a waiver af t�e r�guirer�ent of Hotder's consont in writing taaeto or wita nspect w any other
<br /> sale, trade, transfer, assignm�nt, exchaage. tease or otlxr disposition.
<br /> � Section 5.4. Subordinate FinancinQ. If Grmtor, without the prior written consent of
<br /> Holder,axxutes or delivers any plalge.security agroement, �ortgage or dad of tivst covering
<br /> all or aay portion of thc Propr.�ty(he�ireafter called"Subordinau��"), Holder a�ay,at
<br /> Holder's option, which option may be axercised at any time followiqg suct� pledge, security
<br /> agreement,mortgage or dee�of wst,without dem.�nd,Pnseatment,Pmt�st, n�tice of prottst,
<br /> notice of intent w accelesate, notice of acceleration or ot�cr notice, or aay otha actioa, all of
<br /> whic3� are hereby wai��ed by Gr.�ntor and all other paraes abligated in any manner on she
<br /> Obligadoas,declare the Ob�iga6oas to be immodiaicly due and payable. Ia the event of consent
<br /> by�Iolder w the gra�ting of a Subordinate Mortgs�e, or in the event the abave-descn'bed right
<br /> � of Holder w declar�e tl�e Obiigatians w be immodiair,ly due and payabte upon the granYing of a
<br /> Subordiaate Mortgage without the prier wriuen cons�nt of Holder is deterau�cd by a court of
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