HomeMy WebLinkAbout0829 (b) if default shall be made in the due observance
or perfo=mance of any covemant or agreement on the part of
Mortgagor contained in Section 1.01, 1'.03, 1.08, or 1.09,
other than the non-payment of monies, and such default
shall have continued for a period of twenty (20) days
after written notice thereof shall have been given to
Mortgagor by Mortgagee; or
(c) if default ahall be made in the due observance
or performance of any other covenant or condition on the
part of Mortgagor in this Mortgag~ contained, other than
the non-payaaent of~money, and such default shall have con-
tinued for a period of twenty (20) days after written notice
apecifying such default and demanding that the-same be
remedied shall have been given to Mortgagor by Mortgagee; or
_.~-('d}'` if by the order of a court o£ canpetent j uris-
diction, a trustee, receiver or liquidator of the mortgaged
property or any part thereof, or of Mortgagor shall be
eppointed and such order shall not be discharged or dis-
missed within thirty (30) days after such appointment; or
(e) if Mortgagor shall file a petition in bank-
ruptcy or for an arrangement or for reorganization pursuant
to the Federal Bankruptcy Act or any similar law, federal
_ or state, or if, bq decree of a court of competent juris-
diction, Mortgagor shall be adjudicated a bankrupt, or
be declared insolvent, or shall make an assigrnnent for the
benefit of creditors, or shall admit in writing its in-
ability to pay its debts generally as they became due, or
shall consent to the appointment of a receiver or receivers
of all or any part of the mortgaged property; or ~
(f) if any of the creitors of Mortgagor shall file
a petition in bankruptcy against Mortgagor or for reorgani-
zation of Mortgagcsr pursuant to the Federal Bankruptcy Act
or any similar law, federal or state, and if such petition
shall not be discharged or dismissed within th irty (3U)
days after the date of which sych petition was filed; or '
:
(g) if final judgment for the payment of money shall
be rendered against Mortgagor and Mortgagor shall not dis-
charge the same or cause it to be discharged within thirty
(30) days from the entry thereof, or shall not appeal
therefrom or from the order, decree or procesa upon which
or purauant to which said judgnent Was granted, based or
entered, and secure a stay of execution pending such
eppeal; or
(h) if any of the eventa emmaerated in clauses (d)
through (g) of this Section 2.01 ahall happen to the Guar-
antor, if any, or any of its property; or
(i) if it shall be illegal for Mortgagor to pay
any tax referred to in Section 1.08 hereof or if the
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~fl x215 ~A~t 82?
WILl1AMS. SALOMON, KANNER 6 OI?MIAN, ATTORNEYS AT I,AW, puPONT BUILUING, MIAM1, FLOii1DA
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