SHALL BE SECURED HEREBY, OR
IF ADVANCED DURING THE PERIOD OF REDEMPTION SHALL BE PART OF THE SUM REQUIRED TO
BE PAID TO REDEEM FROM THE SALE.
(E)
MORTGAGEE SHALL HAVE THE RIGHT TO COLLECT THE RENTS FROM THE LAND
AND APPLY THE SAME IN THE MANNER HEREINBEFORE PROVIDED WITH RESPECT TO A
RECEIVER.
FOR THAT PURPOSE, MORTGAGEE MAY ENTER AND TAKE POSSESSION OF THE LAND
AND MANAGE AND OPERATE THE SAME AND TAKE ANY ACTION WHICH, IN MORTGAGEE'S
JUDGMENT, IS NECESSARY OR PROPER TO COLLECT THE RENTS AND TO CONSERVE THE VALUE
OF THE LAND.
MORTGAGEE MAY ALSO TAKE POSSESSION OF, AND FOR THESE PURPOSES USE,
ANY AND ALL OF THE PERSONAL PROPERTY.
THE EXPENSE (INCLUDING ANY RECEIVER'S
FEES, ATTORNEYS' FEES AND COSTS) INCURRED PURSUANT TO THE POWERS HEREIN
CONTAINED SHALL BE SECURED BY THIS MORTGAGE.
MORTGAGEE SHALL NOT BE LIABLE TO
ACCOUNT TO MORTGAGOR FOR ANY ACTION TAKEN PURSUANT HERETO OTHER THAN TO ACCOUNT
FOR ANY RENTS ACTUALLY RECEIVED BY MORTGAGEE.
ENFORCEMENT HEREOF SHALL NOT
CAUSE MORTGAGEE TO BE DEEMED A MORTGAGEE IN POSSESSION UNLESS MORTGAGEE ELECTS
IN WRITING TO BE A MORTGAGEE IN POSSESSION.
(F)
MORTGAGEE SHALL HAVE THE RIGHT TO ENTER AND TAKE POSSESSION OF
THE LAND AND MANAGE AND OPERATE THE SAME IN CONFORMITY WITH ALL APPLICABLE LAWS
AND TAKE ANY ACTION WHICH, IN MORTGAGEE'S JUDGMENT, IS NECESSARY OR PROPER TO
CONSERVE THE VALUE OF THE LAND.
(G)
MORTGAGEE SHALL HAVE THE RIGHT TO FILE PROOF OF CLAIM AND
OTHER
DOCUMENTS AS MAY BE NECESSARY OR ADVISABLE IN ORDER TO HAVE ITS CLAIMS ALLOWED
IN ANY RECEIVERSHIP, INSOLVENCY, BANKRUPTCY, REORGANIZATION, ARRANGEMENT,
ADJUSTMENT, COMPOSITION OR OTHER JUDICIAL PROCEEDINGS AFFECTING MORTGAGOR, ITS
CREDITORS OR ITS PROPERTY, FOR THE ENTIRE AMOUNT DUE AND PAYABLE BY MORTGAGOR IN
RESPECT OF THE OBLIGATIONS AT THE DATE OF THE INSTITUTION OF SUCH PROCEEDINGS,
AND FOR ANY ADDITIONAL AMOUNTS WHICH MAY BECOME DUE AND PAYABLE BY MORTGAGOR
AFTER SUCH DATE.
Each remedy herein specifically given shall be in addition to every other right
now or hereafter given or existing at law or in equity, and each and every right
may be exercised from time to time and as often and in such order as may be
deemed expedient by Mortgagee and the exercise or the beginning of the exercise
of one right shall not be deemed a waiver of the right to exercise at the same
time or thereafter any other right.
Mortgagee shall have all rights and
remedies available under the law in effect now and/or at the time such rights
and remedies are sought to be enforced, whether or not they are available under
the law in effect on the date hereof.
The exercise of any of the foregoing
rights or remedies and the application of the revenues pursuant to this
paragraph 16, shall not cure or waive any Event of Default (or notice of
default) or invalidate any act done pursuant to such notice.
The rights and
powers of the Mortgagee and receivers under this Mortgage and the application