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gor, a atate~ent of income and surplus of Mortgagor for such fiscal year, in
reasonable detail and stating in comparative Eorm the figures as of the end of
and for the previous fiscal year, including statements of incotre and expense
relating to operations of the premises, certified by an independent cert~fied
public accountant acceptable to Mortgagee. In addition, Mortg~+gor vill furnish
to Mortgagee such interim financial stetements, as Mortgagee may request, cer-
tified by Mor~gagor in sucfi form as may be acceptable to Mortgagee.
13. In the event that Mortgagee (a) Grants any extension of ti~re for forbearance
vith respect to the payment of any indebtedness secured by this mortgage; (b)
Takes other or additional security for the payment thereof; (c) Waives or
fails to exercise any right granted herein or under the note secured hereby;
•(d) Grants any release, vith or vithout consideration, of the Whole or any
_ part of the security held for the payment of the debt secured hereby or the re-
lease of any person liable for payment of said debt; (e) A~ends or modifies
in anq tespect With the consent of Mortgagor any of the terms and provisions
hereof or of the note secured hereby (including substitution of another notel;
then and in any such event, such act or omission to act shall not release Mort-
gagor, or any co-makers, sureties, or guarantors of this mortgage or of tbe
~ note secured hereby, under any covenant of this mortgage or of the said note,
• nor preclude Mortgagee fram exercising any right, pover, or privilege herein
granted or intended to be granted in the event of any other default then ~ade
or any subsequent default and without.in any Wise impairing or affectfng the
lien or priority of this mortgage.
14. r[ortgagor vill not make, suffer, or permit, vithout the vritten consent of the
l~ortgagee first had and obtained, (a) Any use of the premises for any purpose
. other than that for which the same are now used or intended to be usedi (b)
Any alteratfons of the buildings, improvements, fixtures, apparatus, machinery,
and equipment now or hereafter erected or located upon the said premises; (c) -
Any purchase or conditional sale, lease or agree~ent under ~.~hich title is re-
s~rvea in the vendor of any such fixtures, apparatus, machfnery, equip~ent, or
personal property to be placed in or upon any of the buildings or improvements
~ on the said premises. Mortgagor vill execute and deliver, from time to time,
'I ~ such further instrtanents as may be requested by Mortgagee to confina the lien
f of this mortgage on any fixtures, property, machinery, apparatus and eQuipmeat
described herein.
15. If default shall be made iri any of the conditions or covenants herein, or in
said note contained, or in the securit3~ agreement gi~•en hereby in connection
~ vith this transaction as additional security, or other agreement gfven in con-
r nection with this transaction (it being hereby agreed that on default in the
paymeat of any tax or assessment or insurance premium, or any paya?ent on ac-
count~thereof, or in the payment of any cost or expense of litigation, the
~[ortgagee may pay the same and all sums so advanced, vith interest at the rate
set forth in the note secured hereby, shatl immediately attach as a lien here-
under and be payable on demand), the whole of said principal sum and all the
accrued interest thereon shall thereupon at the option of the said Mortgagee
and vithout notice to said Mortgagor (notice being hereby waived) become and be
forthwith due and payable, and shall thereupon be collectible in a suit at law,
or by foreclosur~ of this mortgage, in the same manner as if the ~hole of said
principal suan had been made payable -at the ti~e when a~r such default shall
v oceur as aforesaid. Any failure to exercise said option shall not constitute a
~ taaiver of the right to exercise the same at any other tiu~e. It is agreed that
"default" sliall. embrace and include any action in bankruptcy, receivership, or
~ reorganiz ation filed by or against Mortgagor, or the occurence of any judgment
~ or-proceeding entered or brought against Mortgagor `vy any person af.`zeting ths `
- said premises or to foreclose any lien thereon. _ TEie Mortgagor, in case of such
default and the continuance thereof as aforesaid, dcea :~ereby authorize and
fully empower the Mortgagee to sell the said prer~ises at public suction, and
convey the same to the purchaser, agreeably to the statute in such case ~rade
and provided, and out af the money arising frcra such sa2e to retain tt-?e princi-
pal and interest which shall then be due on the said note, all payments due
bereunder, the expenses of suct? sale, a?:J a reasonsble swn as attorney's fees,
6e~~K~~~ FAGF2405 _s_ K 3~7 ~acc2340
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