OTHER BENEFITS, IN WHOLE OR IN
PART, BY MORTGAGOR, AND ANY SUCH SUBSEQUENT ASSIGNMENT BY MORTGAGOR SHALL BE
SUBJECT TO THE RIGHTS OF LENDER HEREUNDER.
(B)
MORTGAGOR SHALL NOT PERMIT ANY RENT UNDER ANY LEASE OF THE
MORTGAGED PROPERTY TO BE COLLECTED MORE THAN THIRTY (30) DAYS IN ADVANCE OF THE
DUE DATE THEREOF AND, UPON ANY RECEIVER, LENDER, ANYONE CLAIMING BY, THROUGH OR
UNDER LENDER OR ANY PURCHASER AT A FORECLOSURE SALE COMING INTO POSSESSION OF
THE MORTGAGED PROPERTY, NO TENANT SHALL BE GIVEN CREDIT FOR ANY RENT PAID MORE
THAN THIRTY (30) DAYS IN ADVANCE OF THE DUE DATE THEREOF.
MORTGAGOR SHALL ACT
PROMPTLY TO ENFORCE ALL AVAILABLE REMEDIES AGAINST ANY DELINQUENT LESSEE SO AS
TO PROTECT THE INTEREST OF THE LESSOR UNDER THE LEASES AND TO PRESERVE THE VALUE
OF THE MORTGAGED PROPERTY.
1.13.
AFTER-ACQUIRED PROPERTY.
TO THE EXTENT PERMITTED BY, AND SUBJECT
TO, APPLICABLE LAW, THE LIEN OF THIS MORTGAGE, INCLUDING WITHOUT LIMITATION THE
SECURITY INTEREST
15
CREATED UNDER SECTION 1.11, SHALL AUTOMATICALLY ATTACH, WITHOUT FURTHER ACT, TO
ALL PROPERTY HEREAFTER ACQUIRED BY MORTGAGOR LOCATED IN OR ON, OR ATTACHED TO,
OR USED OR INTENDED TO BE USED IN CONNECTION WITH, OR WITH THE OPERATION OF, THE
MORTGAGED PROPERTY OR ANY PART THEREOF.
1.14.
LEASES AFFECTING MORTGAGED PROPERTY.
(A)
MORTGAGOR SHALL COMPLY WITH AND PERFORM IN A COMPLETE AND TIMELY
MANNER ALL OF ITS OBLIGATIONS AS LANDLORD UNDER ALL LEASES AFFECTING THE
MORTGAGED PROPERTY OR ANY PART THEREOF.
MORTGAGOR SHALL GIVE NOTICE TO LENDER
OF ANY DEFAULT BY THE LANDLORD UNDER ANY LEASE AFFECTING THE MORTGAGED PROPERTY
PROMPTLY UPON THE OCCURRENCE OF SUCH DEFAULT, BUT, IN ANY EVENT, IN SUCH TIME TO
AFFORD LENDER AN OPPORTUNITY TO CURE ANY SUCH DEFAULT PRIOR TO THE TENANT HAVING
ANY RIGHT TO TERMINATE THE LEASE.
EACH OF THE LEASES SHALL CONTAIN A PROVISION
REQUIRING THE TENANT TO NOTIFY LENDER OF ANY DEFAULT BY LANDLORD AND GRANTING AN
OPPORTUNITY FOR A REASONABLE TIME AFTER SUCH NOTICE TO CURE SUCH DEFAULT PRIOR
TO ANY RIGHT ACCRUING TO THE TENANT TO TERMINATE SUCH LEASE.
MORTGAGOR, IF
REQUESTED BY LENDER, SHALL FURNISH PROMPTLY TO LENDER (I) ORIGINAL OR CERTIFIED
COPIES OF ALL SUCH LEASES NOW EXISTING OR HEREAFTER CREATED, AS AMENDED FROM
TIME TO TIME, AND (II) A CURRENT RENT ROLL IN FORM SATISFACTORY TO LENDER.
LENDER SHALL HAVE THE RIGHT TO NOTIFY AT ANY TIME AND FROM TIME TO TIME ANY
TENANT OF THE MORTGAGED PROPERTY OF ANY PROVISION OF THIS MORTGAGE.
(B)
THE ASSIGNMENT CONTAINED IN SECTION (H) OF THE GRANTING CLAUSES
SHALL NOT BE DEEMED TO IMPOSE UPON LENDER ANY OF THE OBLIGATIONS OR DUTIES OF
THE LANDLORD OR MORTGAGOR PROVIDED IN ANY LEASE.
1.15.
MANAGEMENT OF MORTGAGED PROPERTY.
MORTGAGOR SHALL CAUSE THE
MORTGAGED PROPERTY TO BE MANAGED AT ALL TIMES IN ACCORDANCE WITH SOUND BUSINESS
PRACTICE.
1.16.
EXECUTION OF LEASES.
MORTGAGOR SHALL NOT PERMIT ANY LEASES TO BE
MADE OF THE MORTGAGED PROPERTY OR EXISTING LEASES TO BE MODIFIED, TERMINATED,
EXTENDED OR RENEWED WITHOUT THE PRIOR WRITTEN CONSENT