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ARTICL$ II
EVSNT3 OF DS[~AULT AND RTs1~DISS
3TCTION 2.01. I~ one or more of the folloWing Svente
of Default aha11 happen, that ia to say:
(a) if (i) def~ult ahall be made in the payment of.
any intereat on the Note, or~in the payfient-of any inetal-
ment of principal, in,either auch caee, when and as the
same ahall become due and payable, and auch default ehall
have cont~nued Por a period of ten (10) days or (11) de-
fault ehall be made in any other payroent of,the principal
of the Note~, when and ae the same shall become due and
payable, whether at.maturity or by acceleration or ae part
of any prepayment or otherwiae, 3n each case, a~ in tMe
. Note and this Mortgage pro~ided and auch default ahall
have continued gor a period o~ ten (10}.days or (111)-de-
fault Shall be made in the payment of any tax required by -
~f Section 1.07 to be paid and said default shall have con-
~ tinued Por a period oP twenty•(20) days; or
(b) iP default shSl~ be mede in the due observance
or performance of any covenant or agreement on the part
of the Mortgagor contained in Sections-1.01, 1.03, Z.08
or 1.09 and such default ahall have continued for a per,
iod of twenty (20) daqa after written notice thereof
ahall have bsen given to the Mortgagor by the Mortgagee;
or -
(c) if default shall be made in the due obaervance
or performance of any other covenant or condition on the
part of the Mortgagor in the :Jote or in thia Mortgage
eontained, and auch defeult ehall have continued for a
period oP thirty (30) dsys efter written notice apecifying
euch default and demanding triat the eame be remedied ehall
have been given to the Mortgagor by the Mortgagee; or
0 R I I-1 SQ~ PACf a~,
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