Bankruptcy Clause for a Leasehold Mortgage

If any of the Leases is rejected or disaffirmed by the lessor
thereunder (or by any receiver, trustee, custodian or other party who succeeds to the rights of such lessor) pursuant to any bankruptcy, insolvency, reorganization, moratorium or similar law (any such law, hereinafter collectively referred to as a "Bankruptcy Law"), Grantor covenants that it will not elect to treat such Lease as terminated under 11 USC Sec. 365 (h) or any similar or successor law or right, and hereby assigns to Mortgagee the sole and exclusive right to make or refrain from making any such election, and Grantor agree that any such election, if made by Grantor, shall be void and of no force or effect.

If the lessor under any lease(or any receiver, trustee, custodian or other party who succeeds to the rights of such lessor) rejects, or disaffirms such Lease pursuant to any Bankruptcy Law and Mortgagee elects to have Grantor remain in possession under any legal right Grantor may have to occupy the premises leased pursuant to such Lease, then (i) Grantor shall remain in such possession and shall perform all acts necessary for Grantor to retain its right to remain in such possession for the unexpired term of such Lease (including all renewals thereof) whether such acts are required under the then existing terms and provisions of such Lease or otherwise, and (ii) all of the terms and provisions of this Mortgage and the lien created hereby shall remain in full force and effect and shall be extended automatically to such possession, occupancy and interest of Grantor.