HomeMy WebLinkAbout0273 shall constitute a default under this Mortgage and the Note.
Provided, nevertheless, and it is understood and agreed,
that upon the curing of a default by reason of which such proxy
and resignations were obtained by the Mortgagee or upon thc sooner
repayment of the Mortgage debt in fuli, ifie proxy and (unless
already submitted and accepted) the resignations, shall be of no
f'urther force or effect, and the Mortgagee shall obtain and
deliver to the Mortgagor resignations by any dircctors or ;
council membcrs a - ~
ppointzd, elected or instalied by, or with . f
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votes controiled by, Mortgagor's said proxy to Mortgagee; but _ }
nothing he?^ein contained shall prevent Mortgagee from derr~anding
additional proxies and resignations from ttme to time a~d at any
time when a default of Mortgagor occurs and remains_ uncured for ' f
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Five (5) days after written notice as afor~said . ~ ~
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46. That all writtan notices or demands of any kind which ~
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the Mortgagee may be required or desires to servc upon the
Mortgagor under the terms of this Mortgage shalt be served upon
the Mortgagor personally, or by maiting a copy thereof, by
certified or registered mail, postage prepaid, aadresscci to v~e
Mortgagor at: 2000 West Loop South, ~1600, Houston, Texas, 77027. ~
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or to such other address as the Mortgagor may hereafter designate
by notice in writing to the Mortgagee .
All written notices which the Mortgagor may be required or
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desires to serve upon tl~e Mortgagee shatl be served personally ~ s
or sent by registered or certified mail, postage prepaid, to the
Mortgagee addressed "c/o Atison Advisors, Suite 2100, 10960 ;
Wilshire Boulevard, Los Angeles, California 90024," or to such other
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address as the Mortgagee may hereafter designate by notice in ~
writing to the Mortgagor.
Service by mail shall be deemed complete and servica shall be
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