CONDUCT THE BUSINESS THEREAT; (B) COMPLETE
ANY CONSTRUCTION ON THE PROPERTY IN SUCH MANNER AND FORM AS LENDER DEEMS
ADVISABLE; (C) MAKE ALTERATIONS, ADDITIONS, RENEWALS, REPLACEMENTS AND
IMPROVEMENTS TO OR ON THE PROPERTY; (D) EXERCISE ALL RIGHTS AND POWERS OF
BORROWER WITH RESPECT TO THE PROPERTY, WHETHER IN THE NAME OF BORROWER OR
OTHERWISE, INCLUDING THE RIGHT TO MAKE, CANCEL, ENFORCE OR MODIFY LEASES, OBTAIN
AND EVICT TENANTS, AND DEMAND, SUE FOR, COLLECT AND RECEIVE RENTS; AND
(E) UNLESS PROHIBITED BY APPLICABLE LAW, APPLY THE RECEIPTS FROM THE PROPERTY TO
THE PAYMENT OF THE DEBT, AFTER DEDUCTING THEREFROM ALL EXPENSES (INCLUDING
REASONABLE ATTORNEYS' FEES AND DISBURSEMENTS) INCURRED IN CONNECTION WITH THE
AFORESAID OPERATIONS AND ALL AMOUNTS NECESSARY TO PAY THE TAXES, INSURANCE AND
OTHER CHARGES IN CONNECTION WITH THE PROPERTY, AS WELL AS JUST AND REASONABLE
COMPENSATION FOR THE SERVICES OF LENDER, AND ITS COUNSEL, AGENTS AND EMPLOYEES;
(IX)
REQUIRE BORROWER TO PAY MONTHLY IN ADVANCE TO LENDER, OR ANY
RECEIVER APPOINTED TO COLLECT THE RENTS, THE FAIR AND REASONABLE RENTAL VALUE
FOR THE USE AND OCCUPATION OF ANY PORTION OF THE PROPERTY OCCUPIED BY BORROWER,
AND REQUIRE BORROWER TO VACATE AND SURRENDER POSSESSION OF THE PROPERTY TO
LENDER OR TO SUCH RECEIVER, AND, IN DEFAULT THEREOF, EVICT BORROWER BY SUMMARY
PROCEEDINGS OR OTHERWISE;
(X)
FORECLOSE THIS MORTGAGE IN ACCORDANCE WITH THE LAWS OF THE STATE
OF ILLINOIS. THE COSTS AND EXPENSES INCURRED BY LENDER IN THE EXERCISE OF ANY OF
THE REMEDIES PROVIDED IN THIS MORTGAGE SHALL BE SECURED BY THIS MORTGAGE; OR
(XI)
PURSUE SUCH OTHER RIGHTS AND REMEDIES AS MAY BE AVAILABLE AT LAW
OR IN EQUITY OR UNDER THE UCC, INCLUDING THE RIGHT TO RECEIVE AND/OR ESTABLISH A
LOCK BOX FOR ALL RENTS AND PROCEEDS FROM THE INTANGIBLES AND ANY OTHER
RECEIVABLES OR RIGHTS TO PAYMENTS OF BORROWER RELATING TO THE PROPERTY.
In the event of a sale, by foreclosure or otherwise, of less than all of the
Property, this Mortgage shall continue as a lien on the remaining portion of the
Property.
(B)
THE PROCEEDS OF ANY SALE MADE UNDER OR BY VIRTUE OF THIS
PARAGRAPH 10, TOGETHER WITH ANY OTHER SUMS WHICH THEN MAY BE HELD BY LENDER
UNDER THIS MORTGAGE, WHETHER UNDER THE PROVISIONS OF THIS PARAGRAPH OR
OTHERWISE, SHALL BE APPLIED BY LENDER TO THE PAYMENT OF THE DEBT IN SUCH
PRIORITY AND PROPORTION AS LENDER IN ITS SOLE DISCRETION SHALL DEEM PROPER.
(C)
LENDER MAY ADJOURN FROM TIME TO TIME ANY SALE BY IT TO BE MADE
UNDER OR BY VIRTUE OF THIS MORTGAGE BY ANNOUNCEMENT AT THE TIME AND PLACE
APPOINTED FOR SUCH SALE OR FOR SUCH ADJOURNED SALE OR SALES; AND, EXCEPT AS
OTHERWISE PROVIDED BY ANY APPLICABLE LAW, LENDER, WITHOUT FURTHER NOTICE OR
PUBLICATION, MAY MAKE SUCH SALE AT THE TIME AND PLACE TO WHICH THE SAME SHALL BE
SO ADJOURNED.
8
(D)
UPON THE COMPLETION OF ANY SALE OR SALES PURSUANT HERETO, LENDER,
OR AN OFFICER OF ANY COURT EMPOWERED TO DO SO, SHALL EXECUTE AND