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11. Mortgagor shall not suffer or permit any mechanics' or other liens to be filed or to exist
<br />against the Property or any payments paid or payable under the Loan Documents, by reason of work, labor,
<br />services or materials supplied or claimed to have been supplied to, for or in connection with the Property
<br />or to Mortgagor, or anyone holding the Property or any part thereof through or under Mortgagor. If any
<br />such lien shall at any time be filed, Mortgagor shall, within thirty (3 0) days after notice of the filing thereof
<br />but subject to the right to contest as herein set forth, cause the same to be discharged of record by payment,
<br />deposit, bond, order of a court of competent jurisdiction or otherwise. Notwithstanding the foregoing,
<br />Mortgagor shall have the right, at Mortgagor's expense and after written notice to Lender, by appropriate
<br />proceeding timely instituted and diligently prosecuted, to contest in good faith the validity or the amount
<br />of any such lien. If, however, Lender shall notify Mortgagor that, in the opinion of independent counsel,
<br />by nonpayment of any such items the lien, pledge or security interest ereated by this Mortgage as to any
<br />part of the Property will be materially affected or the Property or any thereof will be subject to imminent
<br />loss or forfeiture, Mortgagor shall promptly cause such lien to be dlnarged of record, as herein provided.
<br />12. On the breach of any condition or coy
<br />Promissory Notes secured hereby, Lender has the folly
<br />of the Senior Mortgage:
<br />a. Foreclosure proceedings maybe ins
<br />charges of Lender's attorneys shall be a further 1
<br />Mortgage, and all such expenses shall become aid;
<br />and shall be allowed in any decree foreclosing thi
<br />Lender shall not foreclose upon and part othe Prop(
<br />with respect to such part of the Propel.
<br />b. Acceleration of the unpaid principal balance together with all interest and charges
<br />thereon, may, at e optio'- n f the Lender, be declared immediately due and payable, without notice
<br />or demand, such notice or demand being expressly waived b�-f 1ortgagor.
<br />c Exercise of alb o� any rights ands remedies as Lender may have under the Loan
<br />Docents- end_ of any rights, reriedls and powers Lender may have at law or in equity.
<br />Provided that, prig to fi
<br />specifying:1) the breach; O the ai
<br />the date theotzee is mailed to the
<br />cure such breachon or before the d<
<br />by this Mortgage, foreclosure by
<br />Mortgagor, this Mortgage and the
<br />acceleration had occurred. :,:
<br />elcsure or acceleration, Lender shall mail notice to Mortgagor
<br />ion required to cure such breach; (3) a date, not less than 30 days from
<br />[ortgag- by which such breach must be cured; and (4) that failure to
<br />specifi' the notice may result in acceleration of the sums secured
<br />icial proceeding and sale of the Property. Upon payment and cure by
<br />.gations secured hereby shall remain in full force and effect as if no
<br />13. Upon failure o Mortgagor to pay any ground rents, taxes, water rates, public or private
<br />utilities, other governmental charges, insurances policy premiums, prior liens, and charges thereon, which
<br />Mortgagor has agreed to pay under paragraphs 4 and 5 above, Lender may, at its option, pay the same, and
<br />any amount so paid by Lender shall be added to the principal debt named herein and bear interest at the rate
<br />charged by the prior lienholder, payable monthly, from the date of such payment, and shall be secured by
<br />this Mortgage.
<br />14. Subject to the rights of the holders of the Senior Mortgage, Lender shall have the right at
<br />its option, to collect the rental income and proceeds of the Property, if any, or to appoint a receiver to take
<br />possession of and manage and control the premises.
<br />Page 25 of 30
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