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6.2 Proceedin~s. If any proceedings in condemnation are filec <br />promptly take such steps as may be necessary to defend the action and obtain the <br />7. TRANSFER BY MORTGAGOR <br />7.1 Prohibition of Transfer Without Consent. Mortgagor shall <br />sell, assign, convey, subcontract or otherwise transfer any part or all of the Prope~ <br />in the Property; provided that the foregoing is not intended, nor shall it be <br />preventing the Mortgagor from creating condominium interests in the Improvemen <br />Condominium Declaration for Courthouse Square Condominium to be entered into 1 <br />and the Transit District. <br />9. RELEASE ON FULL PERFORMANCE <br />If Mortgagor pays all of the Indebtedness when due and otherwise <br />obligations imposed upon Mortgagor under this Mortgage and the Agreement, M~ <br />requested, execute and deliver to Mortgagor a suitable satisfaction of this Mortg <br />statements of termination of any financing statement on file. <br />10. EVENTS OF DEFAULT AND NONAPPROPRIATION E <br />Mortgagor shall <br />ot sell, agree to <br />~ or any interest <br />onstrued, from <br />pursuant to the <br />the Mortgagor <br />Forms all the <br />~gee shall, if <br />and suitable <br />The occurrence of any Event of Default under and as defined in the greement shall <br />constitute an Event of Default under this Mortgage. Reference is also made to Se tion 202(C) of <br />the Agreement which provides for certain consequences upon the occurrence of a N nappropriation <br />Event. <br />11. RIGHTS AND REMEDIES ON EVENT OF DE AULT OR <br />NONAPPROPRIATION EVENT <br />11.1 Remedies. In accordance with ORS 271.390, upon the occurre ce of an Event <br />of Default or a Nonappropriation Event, the lien of this Mortgage may be fo ctosed by the <br />Mortgagee by means of a proceeding brought in the circuit court for Marion Coun , Oregon, and <br />the Mortgagee's interest in the Property may be sold upon the order of the court. <br />11.2 Attorneys' Fees• Expenses. In the event suit or action is institu ed to foreclose <br />the lien of this Mortgage, the Mortgagee shall be entitled to recover its reasonable attorneys' fees <br />at trial, on any appeal and on any petition for review, in addition to all other sums p ovided by law. <br />11.3 Annlication of Proceeds from Property. In accordance with th <br />of ORS 271.390, all proceeds realized from the exercise of Mortgagee's rights and <br />be applied as follows: <br />MORTGAGE <br />~ requirements <br />remedies shall <br />PAGE 5 <br />