3. HRSR 05-16-2005 - Laserfiche WebLink

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(d) Mortgagee shall be entitled, without notice and without any showing of waste of the Mortgaged Properly, inadequacy of the Mortgaged Property as security for the Note, or insolvency Mortgagor, to the appointment of a receiver of the rents and profits of the Mortgaged Property, including those past due. 21. FORBEARANCE NOT A WAIVER; RIGHTS AND REMEDIES CUMULATIVE. Any delay by Mortgagee in exercising any right or remedy provided herein or otherwise afforded by law or equity shall not be a waiver of or preclude the exercise of such right or remedy. All such rights and remedies shall be distinct and cumulative and may be exercised singly or serially (in any order) or concurrently, and as often as the occasion therefor arises. Mortgagee's taking action pursuant to Section 3, 11, or 12 hereof, or receiving proceeds, awards, or damages pursuant to Section 6, 12, or 13 hereof, shall not impair any right or remedy available to Mortgagee under Section 20 hereof. 22. NOTICES. Except as otherwise provided herein, whenever any approval or notice on behalf of Mortgagee is required under this Mortgage, or whenever any action on behalf of Mortgagee is required or permitted, the Director of Mortgagee shall have the power and right to approve, give notice or act on behalf of Mortgagee. Any notice from Mortgagee to Mortgagor under this Mortgage shall be deemed to have been given by Mortgagee and received by Mortgagor, when mailed by certified mail by Mortgagee to Mortgagor at the following address: MDI Limited Partnership #70 1600 University Avenue Suite 212 Saint Paul, MN 55104 Attention: Asset Manager or at such other address as Mortgagor may designate to Mortgagee, by certified mail received by Mortgagee at 13065 Orono Parkway, Elk River, Minnesota 55330, or such other address as Mortgagee may designate by written notice. 23. GOVERNING LAW; SEVERABILITY. This Mortgage shall be governed by the laws of the State of Minnesota. In the event that any provision or clause of this Mortgage conflicts with applicable law, such conflict shall not affect any other provision of this Mortgage that can be given effect without the conflicting provisions, and to this end, the provisions of the Mortgage are declared to be severable. 24. MISCELLANEOUS RIGHTS OF MORTGAGEE. Mortgagee may at any time, and from time to time without notice, release any person liable for the payment of any Indebtedness, extend the time or agree to alter the terms of payment of any Indebtedness, release any property securing any Indebtedness, consent to the making of any plat or map of the