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Home My WebLink About0588 , and payable, or if default be made in the full and prompt perform- ance of any covenant or agreement herein contained, or if any pro- ceedings be instituted to abate any nuisance on the Mortgaged Premises or if any proceedings be instituted which might result to the detriment of the use and enjoyment of the premises, or if Mort- gagor shall make an assignment for the benefit of creditors, or if a receiver, liquidator or trustee of Mortgagor or any of Mortgagor's property be appointed, or if Mortgagor is adjudicated a bankrupt or insolvent or any of the property of Mortgagor be sequestered, or if Mortgagor files or consents to the filing of any petition or pro- ceeding under the National Bankruptcy Act or similar State or Fed- eral Statutes, as now or hereafter in effect, or if such petition or proceeding is filed against Mortgagor and not dismissed within sixty (60) days after such filing, or if Mortgagor shall admit inability to pay debts as they become due, or if Mortgagor be a corporation, if its directors or stockholders shall institute or consent to any proceedings for the dissolution or liquidation of Mortgagor or fail to do all things necessary to maintain the existence of Mortgagor, or if any law shall be enacted or decision rendered by any court of ; last resort imposing any tax or assessment not now in effect upon " this mortgage, or the note secured hereby, or any interest of Mort- ~ j gagee in the Mortgaged Premises, or rendering inoperative the under- takings of Mortgagor to pay all taxes arising as a result of this transaction other than taxes on the interest income herefrom, or which results in the deduction from values of lands, for tax purposes, of ~ the amount of any lien hereon, or altering the laws for the taxing of mortgages or debts secured thereby, then on the happening of any one or more of these events, this conveyance shall become absolute ~ ~ and the whole indebtedness s~cured hereby shall immediately become ~ due and payable at the option of Mortgagee and this mortgage may xY ~ thereupon be foreclosed for the whole of said money, interest and costs, ~ r or Mortgagee may foreclose only as to sums past due without injury ~ ~ ~ ~ to this mortgage or the displacement or impairment of the remainder ~ - ~ of the lien thereof, and at such foreclosure sale the property shall ~ ~ ~ ~ be sold subject to all remaining items of indebtedness and the Mort- ~ ~ _ . Page Five ' 50UTM ORANOC AV(NU[ WARO. BRA~FORO 6 OSWAID ra~ wcsr ~rww wvcMUC ~ ~ j ~ OiiLANDO. FlOR10A 32A01 ~~?M W~NTER PARK, FL01t10A 3278~ . b~ ~i b"'v ~ . . • ~ _ . : . ~r _ i ~ r ~ _