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<br /> or vicerc�isc ditigence u�the coL'ection of.any of such sums• AnY sums receiva!by Holder as a resuit �
<br /> pgcouud�mnation shall be applieci tu instaUtnents on thc Qblig�tions in inverse order af tn�turity.
<br /> R�-
<br /> �Qn 5.2. Tnc��ra;,ce Pr�cee�s. The proceeds of any and a11 insurar►ce upon the�roperty -
<br /> shall be r,ollectod by Holdu:md Holder sha11 h�ave the opti�in Holdu's sote discretion,to apply any -
<br /> proceeds so collecced eittt�r to the restoration of the Property or to the liquidation of the Obligation�. �_
<br /> Section 5.3. R��ht ta Accelerate�n n T�nsfe_r. If Grantor shaU s�l1, convey, assign or `
<br /> transfer all or any part of tho Property or any interest therein othei'than as pravidod in the Loan
<br /> Agre�raeut Holder may,at Holder's option,without demand presentment,Pratest,notice of protest, c_
<br /> noticr of intazt to accelerate,notice af acccicration or other notice,or any other action,n1l of which __
<br /> are hereby waival by G�aator and all ottxr parties obGgated in anY maiunr on the Ohligadons,declare —
<br /> the Obligations to be immediately due and payable, which option may t� �*.�.rased at any tune -
<br /> following such sale,conveYa�ce,assi8nment,lease or transfer,and upon su�l�declaration the aitire
<br />_ uiy�id balaace ofthe Obligations sha11 be imrnodiately►due aad PaYable. Holder may,in Holder's sole _
<br />_ discretian and at Grantor's request, decide not to excrcise said option, ia w�ich er-ent Holder's
<br /> gorbearance msy be pre�icaied on such ternu and conditions as Holder may, in Hotder's sole
<br /> discxetion,require,including�but not limited to,Holde�s approval of the vansferee's eceditworthiness
<br /> and n�gema�t ability,the execution a�i delivery to Holder by vansferee prior to the sale,transfer,
<br /> assigxunent,lease or conveyance of a written assumption agreement containing such terms as Holder
<br /> may require, including, but not limited to, a paymeat of a part of the principal amount of tbe
<br /> Qblzgations, aa increase in the rate of interesr payable on the Obligations, the payment of an
<br /> a�sr.rmption fee,a modification of the tern�s of the Obligations and such other terms as Holder may
<br /> require,or Holder may roquire any of such moclifications of the t�rcns of the Obligstions without
<br /> requiiing an asswnption thereof by the tra�sferce. Shoutd tt�Froperty be sald,traded,transferred,
<br /> a�d,excl�anged,leased or otl�rwise dis�os�ed Qf without the priar written conseat of Hotder aad
<br /> : sttt�cil,�i paynxnt of aay po�tiAa of the�bligations thereafter be acr,epted by Holder,such ace,�ptance
<br /> s3�+:nat bo deane�a waivet of the requirem�t of Holde�s core�ct in writing tnerao or witb respou =
<br /> to any other sale,trade,vansfer,assignment,exchaage,lease or other disposition.
<br /> Section 5.4. ���� �na*p t�; *+�nQ. IfG�Or,without the prior written consent ofHolder,
<br /> executes or delivers any pte�ge,security agreement,mortgage or deed of trust covering all or aay
<br /> . portion ofthe Properiy(heranafter'ca11ec1" � "), Holder may,at Holder's option,
<br /> w�op�ion may be exerciso�at any time following such pl�dge,securit3►ag�ement,mo�tgage or
<br /> �eo�mf tnut,without d�,pre.se�ment,protes�,.uatice of protest,nuti,ce of intent to acc�lerate,
<br /> notice of accda�tion or otl�r nutice,or anY other�czion,all of w�.ich are hereby waived by Crantor
<br /> and all other parties obligat�ecl in ax�.�manner on the Oh�iga.ciQns, declare the Obligations to be
<br /> . iauaetliately due gad payable. In t}�e ea�eat of consent by Holdex to the granting of a Subordinate
<br /> ' Mcrctgage, or in the event the above-described.�ight of Holder to dxlare the Obligations to be
<br /> ima�ediatdy due aad payable upon the g�nting o�m S�bordinate Martgage without the prior writteri
<br /> consent of I�€�der is detennined by a cauit of coazpetent jwisdiction to be uner.forceable under the
<br /> � provisions of aay:applicahle law,Graator will not exsaite or deliver any Subordinate Mortgage unless
<br /> r)it st�all comaia express covenants to the effect: (r�j t}�at the Subordinate Mortgage is in all respects -
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