HomeMy WebLinkAbout0007 (d) Said policies shall provide that they may not be can-
celled prior to thirty (30) days' written notice given to Mortgagee.
Section 1.10. (a) Mortgagor •aill keep adequate records
and books of account in accordence with generally accepted account-
ing principles covering and relating tia the property encumbered
hereby and will permit Mortgagee, by its agents, accountants and
attorneys, to visit and inspect the preanises and examine its records
and books of account as they relate to the property encianbered hereby
and to discuss its affairs, finances and accounts relating to the
property encuombered 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 reasonab2e pramptness after the close of their
respective fiscal years a balance sheet and statement of profit end
loss setting forth in each case, in canparative forn?, figures for
the preceding year. 14iroughout the term of this Mortgage, Mort-
gagor, and Guarantor, if any, with reasonable prvmptness, will
deliver to Mortgagee such other information with respect to Mortgagor
or Guarantor, if any, as Mortgagee may reasonably request from time.
to time. All financial statements of Mortgegor or Guarantor, if any,
shall be prepared in accordance with generally accepted accounting
practice, shall be delivered in duplicate, and, in the case of
Mortgagor, shall be accompanied by the certificate of a principal .
financial or accounting officer of Mortgagor, dated within five (S)
days of the delivery of such state~ments to Mortgagee, stating that
he knows 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 continufng, or, if any such default or Event
of Default has occurred and is continuing, specifying the neture
and period of existence thereof and what action Mortgagor has taken
or propoaes ta take with respect thereto, and, except as otherwise
specified, stating that Mortgagor has fulfilled all its obZigations
under this Mortg$ge Which are required to be fulfilled on or prior
to the date of such certificate.
~(c) Mortgagor, within three (3) days upon request in
person or within five (S) days upon request by mail, will furnish
a~ritten statement duly acknow~ledged of the amount due whether for
principal or interest on this Mortgage and whether any offsets or
defenaes exist againat the Mortgage indebtedness.
Section 1.11. Mortgagor will not co~it any waste on
the Premises or make any change in the use of the Premises which
will !n any way increase any ordinary fire or other hazard arising
out of construction or operation. Mortgagor Will, at all times,
maintain the i.mprovements on the Premiae$ in good operating order
and condition and will pramptly make, fran time to time, all repairs,
reneWals, replacements, additions and improvements in connection
therewith which,are needful or desirable to such end. After com-
pletion of the improvements on the Premisea, they ahall not be
removed, demolished or substantially aZtered, nor ahall any per- -
sonal property be removed without the prior Written consent of
Mortgagee, except Where appropriate replacements free of superior
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WtLL1AMS. SALOMON, KANNER 6 DAMIAN, ATTORNEYS AT LAW, pupONT BUILDING, M~~M1, FLORIDA
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