Repair; Alterations; Waste Sample Clauses
Repair; Alterations; Waste. Mortgagor shall keep all of the Security -------------------------- in good and substantial repair, and expressly agrees that it will neither permit nor commit any waste upon the Security, nor do any act or suffer or permit any act to be done, whereby the Security will become less valuable or the lien hereof may be impaired and shall comply with all zoning laws, building codes, subdivision laws, environmental laws and other laws, ordinances, rules and regulations made or promulgated by any government or municipality, or by any agency thereof or by any other lawful authority, which are now or may hereafter become applicable to the Security. Subject to Sections 9 and 10 hereof, Mortgagor shall repair or restore any building now or hereafter under construction on the Security and complete the same within a reasonable period of time. Mortgagor agrees not to initiate or acquiesce in any zoning variance or reclassification, without Mortgagee's prior written consent. Subject to Section 9, 10 and 13 hereof, Mortgagor shall not construct any additional building or buildings or make any other improvements on the Land, nor alter, remove or demolish any building or other Improvements on the Land, without the prior written consent of Mortgagee. Mortgagor covenants and agrees to maintain the Real Property in compliance with the applicable provisions of the Americans With Disabilities Act of 1990, and all rules and regulations promulgated thereunder, as the same may be amended from time to time. Mortgagor shall comply with all terms and implement the recommendations contained in that certain ADA Survey of the Real Property dated February 24, 1997. If Mortgagor fails to observe any of the provisions of this Section, or suffers any Event of Default to exist under this Section, Mortgagee or a lawfully appointed receiver of the Security at its option, from time to time, may perform, or cause to be performed, any and all repairs and such other work as it deems necessary to bring the Security into compliance with the provisions of this Section and may enter upon the Security for any of the foregoing purposes, and Mortgagor hereby waives any claim against Mortgagee and/or such receiver, arising out of such entry or out of any other act carried out pursuant to this Section. Mortgagor shall upon demand repay to Mortgagee and such receiver, with interest from the date demand is made therefor until paid at the Default Rate, all amounts expended or incurred by them, respectively, in...
