HomeMy WebLinkAbout0825 (d) Said policies ahall provide that they may not be can-
celled prior to thirty (30) days' written notice given to Mortgagee.
Section 1.10. (a) Mortgagor will keep adequate records
and books of account in accordence with generally accepted account-
ing principles covering and relating ta the property encumbered
hereby and will permit Mortgagee, by ita agents, accountants and
attorneya, to visit and inspect the Premises and examine its records
and books of account as they relate to the property encumbered hereby
and to discuss its affairs, finances and accounts relating to the
property enc~nbered hereby, with the officers of Mortgagor, at such
reasonable times as may be requested by Mortgagee.
(b) Mortgagor and the Guarantor, if any, will deliver
to Mortgagee with reasonable pramptness after the close of their
respective fiscal.years a balance sheet and state~ment of profit and
Zoss setting forth in each case, in canparative fornn, figures £or
the preceding year. ltiroughout the texm of this Mortgage, Mort-
gagor, and Guarantor, if any, with reasonable pranptness, will
deliver to Mortgagee such other information with respect to Mortgagor
or Guarantor, if any, as Mortgagee may rea8or?ably request from time `
to time. All financial statements of Mortgagor or Guarantor, if any,
shall be prepared in accordance with generally accepted accounting
practice, shall be delivered in duplicate, ard, in the case of
Mortgagor, shall be accompanied by the certificate of a principal
financial or accounting officer of Mortgagor, dated within five (S)
deys of the delivery of such statements to Mortgagee, stating that
he knaws of no Event of Default, nor of any default which after notice
or lapse of time or both would constitute an Event of Default, which
has occurred and is continuing, or, if any such default or Event
of Default has occurred and is continuing, apecifying the nature
and period of exietence thereof and ~hat action Mortgagor has taken
or propo8es to take with reapect thereto, and, except as othezwise
specified, stating that Mortgagor has fulfilled all its obligations
under this Mortgage which are required to be fulfilled on or prior
to the date of such certificate.
(c) I~Iortgagor, within three (3) daqe upon request in
person or within five (5) days upon request by mail, ~ill furnish
a~ritten etatement duly acknawledged of the amount due whether for
principal or intereet on thia Mortgage and whether any offsets or
defenses exist against the M~ortgage indebtedness.
Section 1.11. Mortgagor will not co~it any waste on
the Premises or make any change in the use of the Premises which
Wi12 in any ~ay increa8e any ordinary fire or other hazard ariaing
out of construction or operation. Mortgagor will, at all times,
meintain tt~e improvementa on the Premisee in good operating order
and condition and ~rill promptly make, fran time to time, all repairs,
rene`+als, replacemente, additione and improve~nents in connection
there~ith which are needful or desirable to such end. After com-
pletion of the improvements on the Premises, they ahall not be
removed, demolished or substantislly altered, nor shall any per-
sonal property be removed without the prior written conaent of
Mortgagee, except Where appropriate replacements free of superior
-7-
0 ~ ?kCf ~
o ~r'?(
WIlL1AMS. iA1.OMON, KANNER 6 OAMI/1N, ATTOqNEVa AT LAW, ouPONT BUILDING, MIAM1, FLOIitDI.
~ , _ : . _ ~ . ~ ~ ~ . . < _ n e_:s