Laserfiche WebLink
rents or monies as the Lenders may require, and deliver to the <br />Lenders a fully executed original of any or all such leases or <br />agreements. The Lenders, in person, or by any agent, employee or <br />receiver, may also take possession of, and for these purposes use, <br />any and all of Borrower's and /or City's personal property <br />contained in or on the Property and used by the Borrower and /or <br />the City in the operation, rental or leasing thereof or any part <br />thereof. The expenses (including, but not limited to, receiver's <br />fees, attorney's fees and agent's compensation) incurred by the <br />Lenders pursuant to the power herein contained shall be secured <br />hereby. The Lenders may bring or defend any legal action in <br />connection with the Property, as it may deem proper, and may, from <br />time to time, make all necessary or proper repairs, replacements <br />and alterations to the Property, as to it may seem judicious, and <br />may insure and reinsure the same, and may lease the Property or <br />any part or parts thereof in such parcels and for such periods and <br />on such terms as to it may seem fit, including leases for terms <br />expiring after the maturity of the indebtedness hereby secured, <br />and may terminate and lease for any cause which would entitle the <br />Borrower and /or the City to terminate it. After deducting the <br />expenses of managing and operating the same and all maintenance, <br />repairs, replacements and alterations and all payments which may <br />be made for taxes, assessments, liens, claims, insurance premiums, <br />or other proper charges of the Property or any part thereof, <br />including fair and reasonable compensation for attorneys and for <br />agents employed by the Lenders to manage and operate the Property, <br />the Lenders may apply any and all remaining funds to the payment <br />of the indebtedness hereby secured in such order and proportion as <br />the Lenders may determine. Neither application of said amounts to <br />such indebtedness nor any other action taken by the Lenders under <br />this subparagraph shall cure or waive any default hereunder or <br />nullify the effect of any such notice of default or invalidate any <br />act done pursuant to such notice or any cause of action to <br />foreclose this Deed of Trust. The right to enter and take <br />possession of the Property, to manage and operate the same, and to <br />collect the rents, issues and profits thereof, whether by a <br />receiver or otherwise, shall be in addition to any other right or <br />remedy hereunder or afforded by law, and may be exercised <br />concurrently therewith or independently thereof. The Lenders <br />shall be liable to account only for such rents, royalties, issues, <br />accounts and profits actually received by it. <br />5.10 Attorney's Fees. If Trustee or the Lenders, or <br />any of them, shall be made parties to or shall intervene in any <br />action or proceeding affecting the Property or the title thereto <br />or the interest of Trustee or the Lenders under this Deed of <br />Trust, or if the Lenders employ an attorney to collect any or all <br />of the indebtedness hereby secured or to foreclose this Deed of <br />Trust, or authorizes Trustee to conduct trustee's sale proceedings <br />hereunder, then Trustee and the Lenders shall be reimbursed by <br />Borrower, immediately and without demand, for all reasonable <br />CHFA 52P.RIDGE.VIEW.IST <br />01/06/90.Q02374 -11- <br />