HomeMy WebLinkAbout0011 (b) if default shall be made in the due observance
or perfoYmance of any covena~t or agreement on Che 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 shall be made in the due observance
or performance of any other covenant or condition on the
part of Mortgagor in this Mortgage contained, other than
the non-payment of money, and such defau2t shall have con-
tinued for a period of twenty (20) days after written notice
specifying 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 of competent juris-
diction, a trustee, receiver or liquidator of the mortgaged
property or any part thereof, or of Mortgagor shall be
appointed and such order shall not be discharged or dis-
missed with in thirty (30) d8ys after such appointment; or
(e) if Mortgagor shall file a petition in bank-
ruptcy or for an arrangement or for reorga~ization pursuant
to the Federal Bankruptcy Act or eny similar law, federal
or state, or if, by decree of a court of competent juris-
diction, Mortgagor shall be adjudicated a bankrupt, or
be declared insolvent, or sha11 make an assignment for the
benefit of creditors, or shall admit in writing its in-
ability to pay its debts generally as they becane due, or
~hall consent to the appointment o£ a receiver or receivers
of ell 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 Mortgagor pursuant to the Federal Bankruptcy Act
. - or any similar law, federal or state, and if such petition
shall not be discharged or dismissed within thirty (30)
days after the date of which such petition was filed; or
E (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 fran the entry thereof, or sha11 not appeal
i therefram or from the order, decree or proces$ upon which
or purauant to ~hich said judgnent was granted, based or
f entered, and secure a stay of execution pending such
appeal; or
;
i (h) if any of the events en~maerated in clause8 (d)
through (g) of this Section 2.01 shall happen to the Guer-
r 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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" WILLIAMS, 3ALOMON. KANNER 6 ~AMIAN, ATTORNEYS AT LAW, OuPONT BUIIDING. MIAM~, FLORIp,4
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