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2410Q7999 <br />circumstances be available to Mortgagor ar any trustee of Martgagor in any bankruptcy <br />proceeding. This assignment shall continue and remain in full force and effect during any <br />foreclosure proceedings relating to this Mortgage and the period of rredemption, if any, and until <br />all sums secured by this Mortgage, together with interest thereon, shall have been paid in. fi.tll. If <br />the entire balance secured hereundex shall be bid by Administrative Agent at the foreclosure sale <br />(hy cash or otherwise) or a third party at such sale, said assignment shall nonetheless continue <br />far the benefit of the successful bidder, with any Rent collected by Administrative Agent, <br />purchaser at the foreclosure sale or their successors (net of operating expenses actually paid) to <br />be applied in reduction of the redemption price. In the event of any default under the <br />indebtedness secured hereby, this Mortgage or the other Loan Documents, Administrative Agent <br />shall have the full right and power, after compliance with the Michigan Pre-Rent Collection <br />Requirements, to collect the assigned Rents, income security deposits, issues, profits and <br />proceeds by demand, suit ar otherwise. All monies received by Administrative Agent pursuant <br />to said assignment sha11 be applicable at the option of Administrativ� Agent in the manner <br />hereinafter provided for the use of such funds if paid to a receiver appointed to manage the <br />Properties or in the manner hereinafter provided for the application of proceeds from sale of the <br />Properties in the event of a foreclosure. Mortgagor will not, without Administrative Agent's <br />prior written consent, make any lease of the Properties except �or actual occupancy by the lessee <br />thereunder. Subject to the Michigan Pre-Rent Collection Requirements, Mortgagor directs and <br />instructs any and all payars of Rents ta pay to Administrative Agent all of the Rents until such <br />time as such payors have been furnished with evidence that all secured indebtedness has been <br />paid and that this Mortgage has been released. Mortgagor agrees that no payors of Rents shall <br />have any responsibility for the application of any fiur�ds paid ta Administrative Agent. <br />Section 10.6. WARNING. THIS MORTGAGE CONTAINS A POWER OF SALE <br />AND UPON A MATURITY EVENT OF DEFAULT MAY BE FORECLOSED BY <br />ADVERTISEMENT. TN F�RECLOSURE BY ADVERTISEMENT, NO HEARING IS <br />INVOLVED AND THE ONLY NOTICE REQUIRED IS TQ BE PUBLISHED NOTICE iN A <br />LOCAL NEWSPAPER AND TO POST A COPY OF THE NOTTCE ON THE PROPERTY. IF <br />THIS MORTGAGE IS FORECLOSED BY ADVERTISEMENT, MORTGAGOR HEAEBY <br />VOLUNTARILY, INTELLIGENTLY AND KNOWINGLY WAIVES ALL RIGHTS UNDER <br />THE C�NSTITUTION AND LAWS UF THE STATE OF MICHIGAN AND THE <br />CONSTITUTION AND LAWS OF THE UNITED STATES, TO ALL NOTICE AND A <br />HEARING IN CONNECTION WITH THE ABOVE MENTIONED FORECLOSURE BY <br />ADVERTISEMENT, EXCEPT AS SET FORTH IN THE M�CHIGAN STATUTE <br />PROVTDING FOR F�RECLOSURE SY ADVERTISEMENT. <br />ARTICLE XT <br />Special Missouri Provisions <br />Section 11.1. Inconsistencies. With respect to the Property located in the state of <br />Missauri, the provisions set forth in this Article shall apply to and be made a part of the <br />Mortgage. In the event of any inconsistencies between the terms and provisions of this Article <br />and th� other terms and provisions of this Mortgage, or to the extent and only to the extent any <br />of the terms and provisions in this Article conflict with, or are ambiguaus when read together <br />with, an� of the other terms and provisions of this Mortgage, the provisions of this Article shall <br />61 <br />