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~RTICI~E II
~ EvsxTS oF Da~svur sxn $s~sn~s
S$criox 2.01. If one or more of the following Events of Defanlt
shall happen, that is to aay :
(a) if (i) defanlt shall be made in the payment of any in-
terest on ttie Note, or in the payment of any instalment of prin-
cipal, in either anch case, when and as the same shall become dne
and payable, and snch defanlt shall have continned for a period
of ten (10) days or (u) defanlt shall be made in any otlier pay-
ment of the principal of the Note, when and as the same shall
become dne and payable, whether at matnrity or by aoceleration
or as part of any prepayment or otherwise, in each case, as in the
Note and this Mortgage provided and snch defanlt shall have
continned for a period of ten (10) days or (iii) defanlt shall be
made in the payment of anp taz required by Section 1.07 to be
paid and said defanlt shall ha~e continned for a period of twenty
; (20) days; or
` (b) if defanlt shall be made in the dne observance or per-
; formance of any covenant or agreement on the part of the Mort-
i gagor contained in Bection 1.01, 1.03, 1.08, or 1.09, and Bnch
defanlt shall have continned for a period of twenty (20) days
after written notice thereof sball have been given to the Mort-
gagor by the Mortgagee ; or
(c) if default shall be made in the dne observance or per-
formance of any other covenant or condition on the part of
the Mortgagor in the Note, the Bnilding Loan Agreement or in
this Mortgage contained, and such defanlt shall have continned
for a period of thirty (30) days after written notice specifyiug
snch defanlt and demanding that the same be remedied shall have
~ been given to the biortgagor by the Mortgagee; or
(d) if by the order of a court of competent jurisdiction, a
~ trnstee, receiver or liqnidator of the Mortgaged Property or
~ anp part thereof, or of the ~iortgagor shall be appointed and
snch order shall not be discharged or dismisaed within sigtp (60)
, dass after sucL appointment; or
(e) if the Mortgagor sball Sle a petition in bankrnptcy or
for an arranRement or for reorRanizs~tion pnrsuant to the Fed-
eral Bankraptcy Act or any similar law, federal or etate, or if,
by decree of a court of competent jnrisdiction, the ~iortgagor
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