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sLall be acljudicuted a b~nkrupt, oi• be declared insolvent, or
shall inabe an assiai~ment for tLe benefit of creditors, or sbull
admit in ~critina its inAbilit~ to pn~ its cleUts aCI1CPAI~f A~ tl~cy
become due, or shall consent to tlie nppointiuent of a rccci~ er
or recei~ ers of all or any part of the Dlortaaged Property; or
(f ) if any of tlie creditors of tLe ~Iortbu~or sbull file a ~
petition in banl:ruptcy against the llortaubor or for reorgunizu- ;
tion of the ~tortaagor pursuant to the Federal Banbrnptcy Act
or ans similar lfl~c, federul or stute, and if such petition sl~all
not be dischurged or dismissed ~vithin sisty (60) days after tlie
date on ~vhich such petition ~as filed ; or
(g) if final judameut for the puyment of moue3• sl~all be
rendered against the I1lortaaaor and tlie ~Iortga~or shall uot
discharge the same or cause it to be discliurged ~cithin siaty (GO)
days from the entry thcreof, or shall not appeal therefrom ar
from tl~e order, decree or process upon ~~hich or pursunnt to
~vhich said judameut ~as granted, based or entered, and secure
' a stay of eaecution pending snch appeal; or
E (h) if any of tLe events enumernted in clunses (d) throngh I
F
_ (g) of this Section 2.41 shall happen to the Guaruntor, if any,
` or any of its property; or
_ (i) if it shall be illegal for tl~e ~tortgagor to pay any taa
; referred to in Section 1.OS hereof or if the pnyment of such tas
~ by the ~Lortga~;or ~onid result in the violation of the usury la«s
{ of the state in ~vhich the Premises are located;
~ ~ ?
~ then and in every such case :
~
~ I. Dnring the continnance of ans such Event of Defanlt, the
~ .liortgagee, by written notice given to the ~tortgs~gor, may de-
~ clare tLe entire principal of the I~Tote then outstanding (if not
~ then due and payabie), and all accrued and unpaid interest
~ thereon, to be due und payuble immediately, and upon anp such
declaration the principal of the Note and said accrued and un-
~
~ paid interest shall become and be immediately dne and payable,
auything in the I~'ote or in this 1liortgage to the contrary not-
~ withstanding;
~ II. Daring the continnance of ans sucb Ecent of Defanlt, ~
the Diortgngee personally, or by its anents or attorness, may 3
enter into and npon all or anp part of the Premises, and e~?ch ~
and ever~ pnrt thereof, and may e~elnde the Dfortg~ror, its ~
i agents and servants wLolly therefrom; und havin~ and holding
~ if there shall exist an event of default under any other
mortgage held by us on the Premises or on any property
- contiguous thereto.
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