OF FORECLOSURE;
14
(II)
WHEREVER PROVISION IS MADE IN THIS MORTGAGE OR THE LOAN AGREEMENT
FOR INSURANCE POLICIES TO BEAR MORTGAGE CLAUSES OR OTHER LOSS PAYABLE CLAUSES OR
ENDORSEMENTS IN FAVOR OF LENDER, OR TO CONFER AUTHORITY UPON TO SETTLE OR
PARTICIPATE IN THE SETTLEMENT OF LOSSES UNDER POLICIES OF INSURANCE OR TO HOLD
AND DISBURSE OR OTHERWISE CONTROL THE USE OF INSURANCE PROCEEDS, FROM AND AFTER
THE ENTRY OF JUDGMENT OF FORECLOSURE, ALL SUCH RIGHTS AND POWERS OF THE LENDER
SHALL CONTINUE IN THE LENDER AS JUDGMENT CREDITOR OR MORTGAGEE UNTIL
CONFIRMATION OF SALE;
(III)
IN ADDITION TO ANY PROVISION OF THIS MORTGAGE AUTHORIZING THE
LENDER TO TAKE OR BE PLACED IN POSSESSION OF THE PROPERTY, OR FOR THE
APPOINTMENT OF A RECEIVER, LENDER SHALL HAVE THE RIGHT, IN ACCORDANCE WITH
SECTIONS 15-1701 AND 15-1702 OF THE ACT, TO BE PLACED IN THE POSSESSION OF THE
PROPERTY OR AT ITS REQUEST TO HAVE A RECEIVER APPOINTED, AND SUCH RECEIVER, OR
LENDER, IF AND WHEN PLACED IN POSSESSION, SHALL HAVE, IN ADDITION TO ANY OTHER
POWERS PROVIDED IN THIS MORTGAGE, ALL RIGHTS, POWERS, IMMUNITIES, AND DUTIES AND
PROVISIONS FOR IN SECTIONS 15-1701 AND 15-1703 OF THE ACT;
(IV)
BORROWER ACKNOWLEDGES THAT THE PROPERTY DOES NOT CONSTITUTE
AGRICULTURAL REAL ESTATE, AS SAID TERM IS DEFINED IN SECTION 15-1201 OF THE ACT
OR RESIDENTIAL REAL ESTATE AS DEFINED IN SECTION 15-1219 OF THE ACT; AND
(V)
BORROWER HEREBY EXPRESSLY WAIVES ANY AND ALL RIGHTS OF
REINSTATEMENT AND REDEMPTION, IF ANY, UNDER ANY ORDER OR DECREE OF FORECLOSURE
OF THIS MORTGAGE, ON ITS OWN BEHALF AND ON BEHALF OF EACH AND EVERY PERSON, IT
BEING THE INTENT HEREOF THAT ANY AND ALL SUCH RIGHTS OF REINSTATEMENT AND
REDEMPTION OF THE BORROWER AND OF ALL OTHER PERSONS ARE AND SHALL BE DEEMED TO
BE HEREBY WAIVED TO THE FULL EXTENT PERMITTED BY THE PROVISIONS OF
SECTION 5/15-1601 OF THE ACT OR OTHER APPLICABLE LAW OR REPLACEMENT STATUTES.
(F)
WITHOUT LIMITATION ON ANYTHING CONTAINED IN THIS MORTGAGE, ALL
ADVANCES, DISBURSEMENTS AND EXPENDITURES MADE BY LENDER BEFORE AND DURING A
FORECLOSURE, AND BEFORE AND AFTER A JUDGMENT OF FORECLOSURE, AND AT ANY TIME
PRIOR TO SALE, AND, WHERE APPLICABLE, AFTER SALE AND DURING THE PENDENCY OF ANY
RELATED PROCEEDINGS, FOR THE FOLLOWING PURPOSES, IN ADDITION TO THOSE OTHERWISE
AUTHORIZED BY THIS MORTGAGE OR BY THE ACT, SHALL HAVE THE BENEFIT OF ALL
APPLICABLE PROVISIONS OF THE ACT, INCLUDING, WITHOUT LIMITATION, THOSE
PROVISIONS OF THE ACT REFERRED TO BELOW (COLLECTIVELY, "PROTECTIVE ADVANCES"):
(I)
ALL ADVANCES MADE BY LENDER IN ACCORDANCE WITH THE TERMS OF THIS
MORTGAGE TO:
(A) PRESERVE OR MAINTAIN, REPAIR, RESTORE OR REBUILD ANY
IMPROVEMENTS UPON THE PROPERTY; (B) PRESERVE THE LIEN OF THIS MORTGAGE OR THE
PRIORITY THEREOF; OR (C) ENFORCE THIS MORTGAGE, AS REFERRED TO IN SUBSECTION
(B)(5) OF SECTION 5-1302 OF THE ACT;
(II)
PAYMENTS MADE BY LENDER OF: (A) WHEN DUE INSTALLMENTS OF
PRINCIPAL, INTEREST OR OTHER OBLIGATIONS IN ACCORDANCE WITH THE TERMS OF ANY
SENIOR MORTGAGE OR OTHER PRIOR