2021-36 - Loan for historic preservation of Bi-Rite

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Provided that; paragraphs 4 and 5 shall be deemed as properly performed by Mortgagor to the extent the Senior Mortgage is in effect which makes full provisions for the fulfillment of all such obligations of Mortgagor, so long as the Lender is added as a named beneficiary of said insurance policies, and receipts are promptly delivered to Lender or its designated agent. Unless Lender and Mortgagor otherwise agree in shall not extend or postpone the due date of the monthly in amount of such installments. 7. To pay to Lender or its designatedd�O should Lender accelerate the indebtedness pursua#t.,to p 8. To keep 9. actions and exec .1 give Mort2agor not,-" erest, i, the Property. agor shall, at J deliver to Le agreements as may be'e-feguired or re security interest in the:Pic all' attorney -in -fact to sign all event that Mortgagor shall any,;5uo applications ' of -,:proceeds to principal referred to in the recitals ibove or change the total amount,,due under this Mortgage upon demand, D,h 12 ld it _06. fid' ion as:;, -they are now, together with any will t no. -: commit or permit waste and shall make all iereof, interior; exterior, structural and non-structural, )r shall not do, or permit to be done, any act or thing Pperty or any part thereof, shall not commit or permit it any unlawful occupation, business or trade involving ,,.M-acle reasonable entries upon and inspections of the prior to any such inspections specifying reasonable �I tgagor`.S.�. -,,bw n expense, from time to time as requested by Lender, take such r all such "instruments, supplements, further assurances and security or other Isl ed by Lender in order to perfect and continue Lender's lien, pledge and Mortgagor hereby irrevocably appoints Lender as Mortgagor's agent and its, supplements, further assurances and security and other agreements in the on request by Lender. 10. Except as otherwise expressly permitted by the Note and this Mortgage, Mortgagor shall not directly or indirectly sell, convey, assign, transfer or otherwise dispose of fee title to the Project facilities or any part thereof or interest therein without the prior written consent of Lender, which consent shall not be unreasonably withheld. Mortgagor shall not directly or indirectly create or permit to remain, and will promptly discharge, any mortgage, lien, encumbrance or charge on, pledge of, security interest in or conditional sale or other title retention agreement with respect to the Property or any part thereof or the interest of Lender therein or any revenues, income or profit or other sums arising from the Property or any part thereof. Notwithstanding the foregoing, no consent by Lender shall be necessary in connection with the transfer of membership interests in the Mortgagor.