10-25-01 3. MORTGAGE - Laserfiche WebLink

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(h) The Mortgagor does hereby expressly consent to sale of the Mortgaged Property by advertisement pursuant to Minnesota Statutes,Chapter 580,which provides for sale after service of notice thereof upon the occupant of the Mortgaged Property and publication of said notice for six weeks in the county in which the Mortgaged Property is located, notwithstanding that service might not be made upon the Mortgagor personally, and that no hearing of any type is required in connection with the sale. Except as required by the aforesaid statutory provision,the Mortgagor hereby expressly waives any and all rights to notice of sale of the Mortgaged Property and any and all rights to a hearing of any type in connection with the sale of the Mortgaged Property. (i) In case of any Event of Default as aforesaid,to the extent that such rights may then lawfully be waived,neither the Mortgagor nor anyone claiming through or under it shall or will setup,claim,or seek to take advantage of any appraisement,valuation, stay, extension or redemption laws now or hereafter in force in any locality where any of the Mortgaged Property may be situated, in order to prevent or hinder the enforcement or foreclosure of this Mortgage or the Indenture, or the absolute sale of the Mortgaged Property,or the final and absolute putting into possession thereof,immediately after such sale,of the purchaser or purchasers thereat,but the Mortgagor,for itself and all who may claim through or under it, hereby waives, to the extent that it lawfully may do so, the benefit of all such laws and all right of appraisement and redemption to which it may be entitled under the laws of the State in which it is situated. (j) Any sale made under the power of sale granted hereby or under judgment or decree in any judicial proceedings for foreclosure or otherwise for the enforcement ofthis Mortgage or the Indenture shall, if and to the extent then permitted by law, operate to divest all right, title, interest, claims and demand whatsoever, either at law or in equity, of the Mortgagor of,in and to the property so sold,and be a perpetual bar both at law and in equity against the Mortgagor and against any and all persons, firms or corporations claiming or who may claim the property sold,or any part thereof,from,through or under the Mortgagor. 7. Possession of Mortgagor. Unless a Default on the part of the Mortgagor shall exist under the Loan Agreement or an Event of Default shall exist under the Loan Agreement or the Indenture, the Mortgagor shall be entitled to the possession and disposition of the Mortgaged Property and the Revenues and Income thereof subject,however,to the rights of the Trustee to the possession and disposition of the funds and accounts provided for in the Loan Agreement and the Indenture. 8. Further Assurances. As provided in the Loan Agreement,the Mortgagor shall execute, deliver, file and record at its expense such supplements to this Mortgage, financing statements or other documents as may be required in the opinion of counsel, including(without 8