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3. HRSR 05-16-2005
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3. HRSR 05-16-2005
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City Government
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HRSR
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5/16/2005
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in condemnation in accordance with provisions of Section 13 hereof, or from an insurance <br />payment made in accordance with provisions of Section 6 hereof, and (ii) there is a resulting loss <br />of income from the Mortgaged Property. <br />15. INSPECTION. Mortgagee, or its agents, may at all reasonable times enter upon the <br />Mortgaged Property for the purposes of inspection. Mortgagee shall have no duty to make such <br />inspection and shall not be liable to Mortgagor or any person in possession if it makes such <br />inspection. Mortgagee, or its agents, shall also have the right at all reasonable times to examine <br />the books and records of Mortgagor pertaining to the Mortgaged Property and to make extracts <br />therefrom and copies thereof. <br />16. NO DISCRIMINATION. So long as this Mortgage and the Note secured hereby are <br />held by Mortgagee, Mortgagor will not execute or file for record any instrument that imposes a <br />restriction upon the sale or occupancy of the Mortgaged Property on the basis of race, creed, <br />color, religion, sex, national origin, familial status, marital status, status with regard to public <br />assistance, disability or sexual orientation. <br />17. SECURITY INTEREST. This Mortgage shall constitute a security agreement with <br />respect to, and Mortgagor hereby grants Mortgagee a security interest in, all of Mortgagor's <br />accounts, equipment, personal property, and fixtures, and all proceeds thereof, presently or <br />hereafter used in the operation of the Mortgaged Property. Mortgagor hereby authorizes <br />Mortgagee at any time and from time to time to file any and all financing statements covering <br />such personal property and fixtures (in a form satisfactory to Mortgagee) that Mortgagee may <br />reasonably consider necessary or appropriate to perfect its interest. Mortgagor will pay to <br />Mortgagee, on demand, the amount of any and all costs and expenses (including reasonable <br />attorney's fees and legal expenses) paid or incurred by Mortgagee in connection with the exercise <br />of any right or remedy referred to in Section 20 hereof. <br />18. PREPAYMENT. The Note provides that the Indebtedness may be prepaid in whole <br />or part without the prior approval of Mortgagee in accordance with the prepayment provisions set <br />forth in the Note, which provisions are incorporated herein by reference as if set forth in full <br />herein. <br />19. EVENTS OF DEFAULT. Each of the following occurrences shall constitute an <br />event of default hereunder (an "Event of Default"): <br />(a) Mortgagor shall fail to pay the Note in accordance with its terms, or shall fail <br />duly to perform or observe any of its covenants or commitments contained in this <br />Mortgage, or in any other mortgage lien or other consensual security interest on the <br />Mortgaged Property, whether or not authorized by Mortgagee, or in any other agreement <br />incorporated herein, and such failure shall continue for thirty (30) calendar days (or with <br />
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