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• 16, LSTOITEL CIt:ICHFICA11:S. Mild it Ica (III)Jays afler city rcquesl by Lender,Mot IVagor shall deliver to Lender,or any Intended Irausrclet of
<br /> Lender's rights will.respccl lit the Uldigulions, a sigocJ Still ncknowledgeJ slnleaenl Specifytug: (n)de oolatoodiog balance mr the Oblugxtouu;
<br /> A ad (b)whclbcr hi,lgngor I sses.ag ally claims, Jelmlses, sd-oats or cuunlerelainls will)tcspccl lit the ULligatiuus And, if sit, the oature til suds A
<br /> cloin S. Jefeoscs, 6,1-offs or cnoatarchiu.s. Mollgngor will he conclusively bound by ally.raprc5mttalioll that Lender slay snake Ill 11 intenled j
<br /> tuius(arec will,tcspccl to Ihese loollss.in Ilia event Ihul h1oorngor fill(&it,provide if,.squealed sinlemcul in a timely mnnncr. /eL
<br /> 17. E'Vp:N'IS OF IYETAULT. An lived of I)cl'mll shall occur undcr.Il.is h)urlgnge in the evcul dill Mollgngor, IIoIIoWer of MIX guarnalur_olf .
<br /> Obligation: Ally
<br /> • (n) Guildto pity ally Oblignliu I lit Lender when due; .• - •. ..
<br /> (b) tails to pcllioul Ally ULligmiun us breaches ally wauanly or covenaol lit Under cuntnincd in Ibis bLplgngc tit ally Saber prescm or IilUrre
<br /> Ageeolcol;
<br /> (e) Jesnoyn,loses or Jnnhnges Ilia hopelly in ally tnnletial«spec(hr Subjects[lie hopclly lit scizue,cunlisenlion,or cunde'snmion;
<br /> (J) seeks to revoke.Ictminale ur ntliclwisc lindl its liabilily wider ally guntawy lit Lent er;
<br /> (c) Jics, becomes legally incompelcul, is dissolved or Icroli11Aleal, becouea insol-Ill, wakes sit assignment for ilia benelil of crcdilors, fails lit
<br /> pay Jcbls us they I—...lie Jut, lilts n pcliliou uod.r the fcdmnl bankwplcy laws, les an io—1 o Lary pctilion in bookrlquny tiled in which
<br /> Muogagur,Ilolrower or any guataalur is unwed,tar Lar prol.elly Inketr under ally wl'lt or process of etintl;
<br /> (1) Allows goods to be used,Itnnspullell or stilted nn the Properly,Ilse possession,Iraitapmlmiun,its time of which,is illegal;
<br /> (g) olluws Ally pally other Ihnn hI lgngur or Borrower lit asunuc or uudcrlake any Obligation without Ilia wducn cooscnl of Leodar;or
<br /> (b) causes Leader lit deem itself iosccuw due to a significant decline in the value of lite Prlgaely; or Lenoler, ill good luilh, fill ally resin's
<br /> believes ilia[Ills prospect of pnywcol or pal fill ulmec is iulpait'd.
<br /> H. I(ICIITSOF LENDER ON I'VI-NT01'DEFAULT.Upuu the occurrence or an Eve,I of 1) fault folder this Murigngc, I.utticr shall he entitled Ill
<br /> x crcise one or mare of the following rennedies without notice or Jenunnl(exccpl as roquhct]by law): -
<br /> s� (u) to declare Ills Oblignliuus i onledialcly due and payable it.full,such acceleration alkali he ouluuelic Rud inuuedinle if[Ile Evenl of Uefnull is
<br /> a filing under Ile Bankruptcy Cola;
<br /> (b) In collect lite oulslandiug Obligelioils Willi ur without resouliug lit judicial process;
<br /> (c) to requite Mollgngor la deliver gild ueke available lit Lender lily persnital properly or Chattels conslilutiog Ilse Pngtely At a place
<br /> IcssonSJy euuvellicul lit Mortgagor mill Leader;
<br /> (J) to enter upon anJ take possession of Ills Property will Ili Applying (tr or ubinining Ibc mppuintnlcnl life receiver slid, at Lender's option, to
<br /> s{quliut A receiver wilhoul boot, without fail bringing soil u I lite Obligations and wilhoul ulhmwise nlecling Arty .Inittory con liliuos rcg..ding
<br /> receivers,it being iolutdcd Ihnn Lcodcr shall have this contractual right to nppo(nt A receiver;
<br /> (c) lit eugdny a umnagiug Sgmnt of Ilse Properly still Irl Ilia same, in Ilse statue of LeuJer or in the llama of Multgogur, slid receive the reals,
<br /> illcitnes, issues and ptufils Of Ilse Ptupetly &lid apply Ile settle, eller paywcat of SII accessary charges slid expenses, cut accunn of Ibe
<br /> Obligations;
<br /> (Q lit pay Ally ruou In Ally fotnt or manner dceued expcJieul by Lender to prulect lite security of dda Murlgnge or Io cute ally Jefoull other than
<br /> paymeul of interest or principal oil Ilia Obligations;
<br /> (g) to forcclose[Ills Murlgnge;
<br /> (h)Its scl-off Mollsagor's Obligations against lily nmomlts owed Mollgngor by Lender incl uliug, but nal limited tit, nfuuics, inslnnuele, And
<br /> deposit Aceuunls ueinlaiued will,LeuJer or ally curleutly cx41log or liwnc affiliate of Lender;And
<br /> (()It,exercise all ollter lights available to Lender under ally other wfillco npecoenl or mlipllcable law.
<br /> I.eulcr's .ighu are cuuutsrive gulf uey be exercised logcllier, separAlely, atul In any order. lit the event hist LeuJer institutes au acliou sacking Ilia
<br /> - «covery u(ally of die Ihuperty by way of a srejmYgolml rel edy in ao action Against Murlgagur, hlollgagur waives the posting of ally band which
<br /> migbl uVerwi.e be mquh.d. La oder or I—I,a,is Yokels[
<br /> nary I (0.8s. the hopely al any ale. 'Ib. Ptupetly or any loot llereof may he sold in
<br /> tine licit, or ill such pascals, uuitucr or order As Lcudar in its sole discrctiun rosy elect, Sud one or liters exercises of the power herein grAulcJ shill
<br /> ani extinguish or exhduri the I War unless Ilse colirc 1'ruperly is sold or(he OLligalium Are paid in full.
<br /> 19. LEASE1101,I)PROVISIONS.
<br /> (a) bluogagur ■,,frees that Muogagor will liml
<br /> cly perfurlu all obligations or Mogagor under the Lesse sod dim it will ool Takeo
<br /> Or mit In take any
<br /> Action which wcause a default thereunder or Ilial will,notice ur oiler ilia passage of tittle, or both, would be a defoull thereunder. Mullgagor
<br /> ngrcca Ilial it will prourplly utility 1-coder in wrhing of any default by Mnagagor under Ibe Leese and That it will prloopdy send lit the LeuJer ally
<br /> notice ('ober Il1atl on a regular pain lie basic for Ili ilhly rent payoscols) from the Landlord under [Ile Lease, Including guy uulice uotiug ur
<br /> claiwiug ally dcfo If by like Mullgagor titular III.Lease.
<br /> (b) I.C.O.,.lull bout the ri�ht Ill cure any d.[ 11 undcr list Lease widsio ilia line permitted in Ilia lens. and All sinus Advanced Ibcrtby shall le
<br /> uuedialcly due nal pay.14, wish inrereat thertou at Ile lower of Ibe higheat rale JesctibeJ lit any Obligation or[lie highest rale mloweJ by law
<br /> tilI[Ie date of payment until ilia dale of rcLuLurscmcnl ell shall,lugedes Willi&licit interest,hcclotic a pail of Ibc Obligations.
<br /> ') In case of ill Cvcnl of Ucfaull under I'Antgrnph 17,in addition to ally other tights mitt] reaedics available, Leader ulny make fill or lullial
<br /> payments of rout due under Ilse Leos-, perfonu ally Other obligalio is of Mutlgsgor under Ilio Lease still porchuase, Jisclkargc. connpt ouise, or
<br /> will: do, Lease. Ailnunlics paid fur any of Ibe puposes herein nulhotizcd slid all expenses paid or incurred in elouecrion therewith, including
<br /> allorleya' fees, to Ilia exl.itl perloilled by npplicnble IAW. Shell be SO much ■JJifiounl inJeblednc.A secured bcleby, mud sIlnll become
<br /> ium:nlinely due stall payALle without antics stall will iularesl Ilia sun. loacliun of Lender shall never be cuosiJereJ As a waiver of ally right
<br /> Acca sing lit it on accuuitl of ally default on Ile pan of Mullgagor.
<br /> (J) Any Jefmdl On the pail of Murtgngor undcr IIIc Lease hhalf constitute a Jefoull undcr this Murlgnge olid Ibe Obligaliuus sccurctl hereby still
<br /> shall Solids the Leader to exercise any auto all tights Rud Icuedics given hereuodcr.
<br /> (c) Ahulgngur will nut amend or codify the Lance widuml lite prior wlillcu consmn of L aildar.
<br /> 216 h1l ItUll OI'FE IN LEASEIIOLD ESIWIT, In the event that hluogagor acquires ilia fee title Or ally olllcr estate, title of ineresl ill the I"voliscs
<br /> covcreJ by the Least". this Murlgnge shall Aunch Ill Sud cover null lie a hint upon Ilia fee tide ur such Miter estate Ao ncgoi,od &lid such fee tide or
<br /> other esual:shall,Will I fotLer as.iguntetl,gram or cmuveynoce become euJ be&Object lit lite licit Or enculuLeed by this Murlgnge.
<br /> 21. SE('URITY INTEREST UNDER'I'llil UNIFORM COMAIERCIALCOQE. 'this Mutlgage shill be coosiJcicd a finnnclug statement And n lixwrc
<br /> filing pususol lit tle pr.'Asiti is of the Uoifonn Connnereial Code (as adopted by file stale where IIIc Properly is located) cuveriug fixtures, chattels
<br /> slid Ali,les u(persouab properly now owned tit hclesller allached to or la he itself in cufneclion Willi Ibe hollerly logclher will, arty null all
<br /> teplacnueols Ibereof still additions thereto Ube 'Chnllels'),mill hlutgagor hereby grouts LenJcr a security iutaesl ill such Chattels. 'I lie dcblor is
<br /> Ile hlu.Igagor descoibcd above. 'Ilia secured lady Is Ilia Lcuder dcscrilrel Shove. Upon denesul, Mollgngor sltnlh lunke, execute still detivcr such
<br /> security agrenucnls (as shell erul Is delisted in.nil Uuifsnn Commercial Cute) as LcuJer at any line only decal ucccssAry or proper or Iequiae w
<br /> gum( Its 1.codat a pit fccicJ .eculity interest in the Chattels, slid upon hlutgngor'& failure to Jo so, LeuJer is Rod ir.Cd to sigo ally such ope.oreul
<br /> As Ilia n;enl of bl it.lgngur.'Muogagur hereby authoaizes I.elltlef lit file fumuchlg slalenueuts (as .licit Katal is Jcfiucd in sled 1,11,11-tit Cuuuucreill
<br /> Code) wits respect to the Chnucls. ■I ally lime, wilhoul lite &igunutre Of Mullgagor. Mullgagor will,however, ■1 Any lilac upon request of Lcodar,
<br /> - sign such financing slalenets. Mullgagor will pay all filing fees for the filing of such financing mnicolens still fur the refiling.hereof At tine liuues
<br /> Icquircd, in Ibc opinion of Ixndcr, by said Uuillom Conunercinl Code. Ift6e lien It(lbl&Mortgage is sit Ljccl to ally 'slily nVI-111m41 covering the
<br /> Chnucls, then In the eveill of ally Jefaull under this hluttgnge, all the right, title still itlercsl of Mnngagor hu mid Ill ally Rud all of the Chnucls is
<br /> bctchy Issigned to LenJcr,together will)Ilse bellelil of any Jeposils to pnyulenls now or heeance nkadc ILctcof by MoJgngur or Ile predecessors tit
<br /> successo-s ill title"I'M lgngur ill the 1luperly.
<br /> 22. l(VIMII(IIISEhIEN'I'Olc AMOUN'T'S EXVENDED Ill'LENDER. Lcudcr,at Lclu e'■ option, may expand f
<br /> fouls (including all mays' lets nod legal
<br /> <xpeucs) lit pe linty any cel rcquircJ to Le lakco Ly hlonlgngor or lit excleise ally right or reuedy of Lcudcr under this Murlgnge. Upon Jarmo 1.
<br /> Muogagur shall iuuediolchy rciuuburse Lauder fur SII much Snmuols exliended by Lander together will,interest Iberaoil at the lower of the Ligherl
<br /> dcsuib'd in any Obligaliun or Ilia highest sale allowed by law Gook de dale of payment until Ibe data of rein.butscneul. These guile alkali be
<br /> Icj ill the definilioll If 011igaliu is herein Rod 511411 be secured by Ile beneficial iuercal gaited bcteio. If Ibe Obligations ate paid oiler ilia
<br /> mill; of publicmiou of owice of sole, as herein Orlavfded, or in Ibe event L.o,r &limit,al its sole oplio I, parluil Moutrasor In pay ally earl of Ibe
<br /> ;.tions alto the bcgiuoing of I blicaliun or ounce itf Asia, as herein purvi&d, Ihen, Mulgngur Sall pay on dcwaud all expense. io"o—I by
<br /> !Tar in conuecliu I with sail publication, including Lentis reassemble alltinsaya' ICCs still this Mo igage shall be .aaodly fur all such -pauses
<br /> ad N.S.
<br /> 23. AI't'LICA•IIONOF PAYI11ENUS. All psyolcab load. by or On bahalf of Mm lgnggtir uey be applied ngaiosl the nnunntl. pnid by I..udcr
<br /> (imaudiog muueys' fats And Iegnh expetscs) ill cotitiecliun Willi the c Ie ise Of its sill 1b or lameJics JasCaib ll in Ibis Mutlgage And Ihcu Irl the
<br /> p.ymcul of Ibe Ietininiug Obligalious in whnlever older Lander chuusea.
<br /> I.I. POWER OF A170IINEY.Mollgngor basally nppuiuls Louder as its attoney-im feel to endorse Mosippor's name on all ioAtrlmneuts mill otter
<br /> docuuews pelniniog lit the Obligaliitns lir htullgav, In addilinn, LtuJer shall be codileJ, bac uol requacd, to putooh ally nc1iun lir execolc any
<br /> be taken or executed by Al
<br /> docuuleot Icquircd ru ;oIlpfor under this Mutlgage. Lendel'a I—ro..unuce of such a ur execution of such
<br /> �lucumems 611.11 nal rclievo Mougagor (root ally Obligaww or cure ally Jefaull uuJer this Mutlgage. All powers of suurney Jescsihed in this
<br /> &,,
<br /> ahs coupled Willi an Imetal dud ale inevocuble.
<br /> UCA'I'ION Ole HINDER. Lander Alknll he tuLnsgnleJ to the rights of the holder of ally previous licit, seciaucrosl lir encumbrmnce
<br /> Willi flouts allvnncel by Lcudcr rcgnalf.gs of whether Ihese Iiem,Acculily iolcrese or cher eucuwLrnocea luaus liana ralensed of record.
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