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Mortgagor in order to pay principal of premium(if any) and interest on the <br /> Bonds when and as the same shall become due, or when required to be <br /> redeemed as more fully provided in the Loan Agreement and Indenture. <br /> 3. Additional Payments. Under the Indenture and the Loan <br /> Agreement, the Mortgagor will be obligated, in addition to Loan Repayments, to pay <br /> the reasonable fees and expenses of the Trustee and any paying agent of the Bonds, <br /> expenses of the City, expenses of the Mortgagee and any advances by the Mortgagee <br /> or the Trustee to meet obligations of the Mortgagor for(among other things)taxes, <br /> special assessments, utility charges, insurance premiums, and liens in connection with <br /> the Mortgaged Property and also to provide indemnity to the Mortgagee, all as more <br /> fully provided in the Loan Agreement, which obligations are additional indebtedness <br /> intended to be secured by this Mortgage. In addition, the Mortgagor is required to pay <br /> all rebates owing to the United States in respect of the Bonds under Section 148 of the <br /> Code. <br /> 4. Release of Property. Property included in the Mortgaged Property <br /> may be released from the lien of this Mortgage as provided in the Loan Agreement <br /> and the Indenture. <br /> 5. Warranty of Title; Permitted Encumbrances. The Mortgagor does <br /> hereby covenant, represent and warrant that it is the lawful owner of and has good <br /> right and lawful authority to grant, bargain, sell, convey, warrant, mortgage, assign <br /> and pledge the Mortgaged Property and Revenues and Income thereof as provided <br /> herein; that the Mortgagor is and will continue to be well and truly seized of good and <br /> marketable title to the Mortgaged Property; that the Mortgaged Property and <br /> Revenues and Income thereof are free and clear of all mortgages, liens, pledges, <br /> charges and encumbrances, excepting only Permitted Encumbrances; and that the <br /> Mortgagor does warrant and will defend the title to the Mortgaged Property and <br /> Revenues and Income thereof against all claims and demands whatsoever not <br /> specifically excepted herein. "Permitted Encumbrances" shall mean Permitted <br /> Encumbrances as defined in the Loan Agreement and Indenture, including those <br /> encumbrances identified in Exhibit B hereto. <br /> 6. Events of Default; Remedies. If any Event of Default as defined in <br /> the Loan Agreement shall occur and be continuing, or if any Event of Default as <br /> defined in the Indenture shall occur and be continuing, the Mortgagee shall have <br /> authority(i)to accelerate the Loan Repayments and to declare the Bonds immediately <br /> due and payable as provided in the Loan Agreement and Indenture, and(ii) to pursue <br /> one or more of the remedies provided for in the Loan Agreement and Indenture <br /> respectively, and in lieu thereof or addition thereto, one or more of the following <br /> remedies and provisions for foreclosure or enforcement of this Mortgage: <br /> (a) The Mortgagee may proceed to protect and enforce its rights by a <br /> suit or suits in equity or at law, either for the specific performance of any <br />