SUMS PAYABLE PURSUANT TO THE NOTE, THE LOAN
AGREEMENT, THIS MORTGAGE AND THE OTHER LOAN DOCUMENTS, INCLUDING, WITHOUT
LIMITATION, THE PREPAYMENT FEE, IF APPLICABLE, AND ADVANCES MADE BY MORTGAGEE
PURSUANT TO THE TERMS OF THIS MORTGAGE; AND
(V)
AMORTIZATION OF THE UNPAID PRINCIPAL BALANCE OF THE NOTE;
(K)
PURSUE SUCH OTHER REMEDIES AS MAY BE AVAILABLE AT LAW OR IN
EQUITY; AND/OR
(L)
APPLY THE UNDISBURSED BALANCE OF ANY NET PROCEEDS DEFICIENCY
DEPOSIT, TOGETHER WITH INTEREST THEREON, TO THE PAYMENT OF THE DEBT IN SUCH
ORDER, PRIORITY AND PROPORTIONS AS SET FORTH HEREIN.
In the event of a sale, by foreclosure, power of sale or otherwise, of less than
all of the Property, this Mortgage shall continue as a Lien and security
interest on the remaining portion of the Property unimpaired and without loss of
priority.
SECTION 7.02
APPLICATION OF PROCEEDS.
THE PURCHASE MONEY PROCEEDS AND
AVAILS OF ANY DISPOSITION OF THE PROPERTY OR ANY PART THEREOF, OR ANY OTHER SUMS
COLLECTED BY MORTGAGEE PURSUANT TO THE NOTE, THIS MORTGAGE OR THE OTHER LOAN
DOCUMENTS, MAY BE APPLIED BY MORTGAGEE TO THE PAYMENT OF THE OBLIGATIONS IN SUCH
PRIORITY AND PROPORTIONS AS SET FORTH HEREIN, TO THE EXTENT CONSISTENT WITH LAW.
SECTION 7.03
RIGHT TO CURE DEFAULTS.
UPON THE OCCURRENCE AND DURING THE
CONTINUANCE OF ANY EVENT OF DEFAULT, MORTGAGEE MAY, BUT WITHOUT ANY OBLIGATION
TO DO SO AND WITHOUT NOTICE TO OR DEMAND ON MORTGAGOR AND WITHOUT RELEASING
MORTGAGOR FROM ANY OBLIGATION HEREUNDER, PERFORM THE OBLIGATIONS GIVING RISE TO
SUCH EVENT OF DEFAULT IN SUCH MANNER AND TO SUCH EXTENT AS MORTGAGEE MAY DEEM
NECESSARY TO PROTECT THE SECURITY HEREOF.
MORTGAGEE IS AUTHORIZED TO ENTER UPON
THE PROPERTY FOR SUCH PURPOSES OR APPEAR IN, DEFEND OR BRING ANY ACTION OR
PROCEEDING TO PROTECT ITS INTEREST IN THE PROPERTY OR TO FORECLOSE THIS MORTGAGE
OR COLLECT THE DEBT, AND THE REASONABLE COST AND EXPENSE THEREOF (INCLUDING
REASONABLE ATTORNEYS' FEES AND DISBURSEMENTS TO THE EXTENT PERMITTED BY LAW),
WITH INTEREST THEREON AT THE DEFAULT RATE FOR THE PERIOD AFTER NOTICE FROM
MORTGAGEE THAT SUCH COST OR EXPENSE WAS INCURRED TO THE DATE OF PAYMENT TO
MORTGAGEE, SHALL CONSTITUTE A PORTION OF THE DEBT, SHALL BE SECURED BY THIS
MORTGAGE AND THE OTHER LOAN DOCUMENTS AND SHALL BE DUE AND PAYABLE TO MORTGAGEE
UPON DEMAND.
SECTION 7.04
OTHER RIGHTS, ETC.
(A)
THE FAILURE OF MORTGAGEE TO INSIST UPON STRICT PERFORMANCE OF
ANY TERM HEREOF SHALL NOT BE DEEMED TO BE A WAIVER OF ANY TERM OF THIS
MORTGAGE.
MORTGAGOR SHALL NOT BE RELIEVED OF MORTGAGOR'S OBLIGATIONS HEREUNDER
BY REASON OF (I) THE FAILURE OF MORTGAGEE TO COMPLY WITH ANY REQUEST OF
MORTGAGOR OR ANY GUARANTOR OR INDEMNITOR WITH RESPECT TO THE LOAN TO TAKE ANY
ACTION TO FORECLOSE THIS MORTGAGE OR OTHERWISE ENFORCE ANY OF THE PROVISIONS
HEREOF OR OF THE NOTE OR THE OTHER LOAN DOCUMENTS, (II) THE RELEASE, REGARDLESS
OF CONSIDERATION, OF THE WHOLE OR ANY PART OF THE PROPERTY, OR OF ANY PERSON
LIABLE FOR THE OBLIGATIONS OR ANY