the vicinity of the Mortgaged
Property through any cause whatsoever, or asserted against it on account of any
act performed or omitted to be performed hereunder, or on account of any
transaction
17
arising out of or in any way connected with the Mortgaged Property, this
Mortgage, the other Loan Instruments or any of Mortgagor's Liabilities.
1.18
LENDER'S PERFORMANCE OF MORTGAGOR'S OBLIGATIONS.
(A)
IF MORTGAGOR FAILS TO PAY ANY TAX, ASSESSMENT, ENCUMBRANCE OR
OTHER IMPOSITION, OR TO FURNISH INSURANCE HEREUNDER, OR TO PERFORM ANY OTHER
COVENANT, CONDITION OR TERM IN THIS MORTGAGE, THE GUARANTY OR ANY OTHER LOAN
INSTRUMENT, LENDER MAY, BUT SHALL NOT BE OBLIGATED TO, PAY, OBTAIN OR PERFORM
THE SAME.
ALL PAYMENTS MADE, WHETHER SUCH PAYMENTS ARE REGULAR OR ACCELERATED
PAYMENTS, AND COSTS AND EXPENSES INCURRED OR PAID BY LENDER IN CONNECTION
THEREWITH SHALL BE DUE AND PAYABLE IMMEDIATELY.
THE AMOUNTS SO INCURRED OR PAID
BY LENDER SHALL BEAR INTEREST AT THE DEFAULT RATE AND, TOGETHER WITH INTEREST,
SHALL BE ADDED TO MORTGAGOR'S LIABILITIES.
LENDER IS HEREBY EMPOWERED TO ENTER
AND TO AUTHORIZE OTHERS TO ENTER UPON THE MORTGAGED PROPERTY OR ANY PART THEREOF
FOR THE PURPOSE OF PERFORMING OR OBSERVING ANY COVENANT, CONDITION OR TERM THAT
MORTGAGOR HAS FAILED TO PERFORM OR OBSERVE, WITHOUT THEREBY BECOMING LIABLE TO
MORTGAGOR OR ANY PERSON IN POSSESSION HOLDING UNDER MORTGAGOR.
PERFORMANCE OR
PAYMENT BY LENDER OF ANY OBLIGATION OF MORTGAGOR SHALL NOT RELIEVE MORTGAGOR OF
SUCH OBLIGATION OR OF THE CONSEQUENCES OF HAVING FAILED TO PERFORM OR PAY THE
SAME AND SHALL NOT EFFECT THE CURE OF ANY EVENT OF DEFAULT.
(B)
WITHOUT LIMITATION OF THE FOREGOING, UNLESS MORTGAGOR PROVIDES
LENDER WITH EVIDENCE OF THE INSURANCE COVERAGE REQUIRED BY THIS MORTGAGE, LENDER
MAY PURCHASE INSURANCE AT MORTGAGORS' EXPENSE TO PROTECT LENDER'S INTERESTS IN
THE MORTGAGED PROPERTY.
THIS INSURANCE MAY, BUT NEED NOT, PROTECT MORTGAGOR'S
INTEREST.
THE COVERAGE THAT LENDER PURCHASES MAY NOT PAY ANY CLAIM THAT
MORTGAGOR MAY MAKE OR ANY CLAIM THAT IS MADE AGAINST MORTGAGOR IN CONNECTION
WITH THE MORTGAGED PROPERTY.
MORTGAGOR MAY LATER CANCEL ANY INSURANCE PURCHASED
BY LENDER, BUT ONLY AFTER PROVIDING LENDER WITH EVIDENCE THAT MORTGAGOR HAS
OBTAINED INSURANCE AS REQUIRED BY THIS MORTGAGE.
IF LENDER PURCHASES INSURANCE
FOR THE MORTGAGED PROPERTY, MORTGAGOR WILL BE RESPONSIBLE FOR THE COSTS OF SUCH
INSURANCE, INCLUDING INTEREST AND ANY OTHER CHARGES THAT MAY BE IMPOSED IN
CONNECTION WITH THE PLACEMENT OF SUCH INSURANCE, UNTIL THE EFFECTIVE DATE OF THE
CANCELLATION OR EXPIRATION OF SUCH INSURANCE.
WITHOUT LIMITATION OF ANY OTHER
PROVISION OF THIS MORTGAGE, THE COST OF SUCH INSURANCE SHALL BE ADDED TO THE
INDEBTEDNESS SECURED HEREBY.
THE COST OF THE INSURANCE MAY BE MORE THAN THE
COST OF INSURANCE MORTGAGOR MAY BE ABLE TO OBTAIN ON ITS OWN.
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1.19.
PAYMENT OF SUPERIOR LIENS.
TO THE EXTENT THAT LENDER, AFTER THE
DATE HEREOF, PAYS ANY SUM DUE UNDER ANY PROVISION OF LAW OR INSTRUMENT OR
DOCUMENT CREATING ANY LIEN SUPERIOR OR EQUAL IN PRIORITY IN WHOLE OR IN PART TO
THE LIEN OF THIS