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I ( ( (d) released to the Grantor. The Grantee are hereby irrevocably appointed by the Grantor as attorney for the Grantor to assign any policy in the event of the foreclosure of this mortgage. 8. Grantor shall not commit waste upon the premises or suffer waste to be committed thereon. Grantor will keep the mortgaged premises in good order and repair and in full compliance with any law, regulation, ordinance, or contract affecting the premises. 9. No sale of the premises, no forbearance on the part of Grantee, no extension of the time for the payment of the Consortium HOME Loan or any change in the terms thereof consented to by Grantee shall in any way whatsoever operate to release, discharge, modify, change or affect the original liability of Grantor herein, either in whole or in part. No waiver by Grantee of any breach of any covenant of Grantor herein contained shall be construed as a waiver of any subsequent breach of the same or any other covenant herein contained. 10. If any action or proceeding be commenced, to which action or proceeding the Grantee are made a party by reason of the execution of this Mortgage or the Consortium HOME Loan or in which it becomes necessary to defend or uphold the lien of this Mortgage, or the priority thereòf or possession of the premises, or otherwise to perfect the security herein- under, all sums paid by the Grantee for the expense of any litigation to prosecute and defend the rights and liens created hereby shall be paid by the Grantor together with interest thereon from the date of payment at the rate of percent (_ %) per annum. Any such sum and the interest thereon shall be immediately due and payable and be secured hereby, having the benefit of the lien hereby created, as a part hereof and its priority. 11. In the event of a default hereunder or under the Promissory Note, the sole remedy of the Grantee hereunder shall be foreclosure of this Open-End Mortgage, and the Grantee hereunder, shall not be entitled to a deficiency judgment hereunder, it being understood that the liability of the mortgagor under the Promissory Note and hereunder is limited to Grantor's interest in the real property subject to this Open-End Mortgage. NOW, THEREFORE, the condition of this Mortgage is: That if Grantor shall punctually pay the Consortium HOME Loan and all other obligations hereby secured when due and owing, and perform the covenants of Grantor arising from the Consortium HOME Loan and shall punctually perform all the Grantor's covenants and agreements herein contained, then this Mortgage shall be void; otherwise the same shall remain in full force and virtue in law. Upon the default in the payment of the Consortium HOME Loan when due and payable or upon any default in the performance or observance of any other of the terms, covenants or agreements contained herein, or arising out of the Consortium HOME Loan executed of even date herewith, or upon the institution of any foreclosure procedure by the holder of any mortgage or lien upon the premises, or the Grantor shall become insolvent, or apply to the Bankruptcy Court to be adjudicated a voluntary bankrupt, or proceeding be instituted against the Grantor to put it in involuntary bankruptcy, or should any proceedings be F-4