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gor, a statement of income and surplus of Moctgagor for such fiscat year, in
reasonable detail and stating in comparative form the fiAures as of the end of
and for thc previous :isca: ~ear, iacludin~ statc~:an:s a: :acoae and e,~pensc
. relating to operations of the pre^+ises. certified by an independent cert~fied
public accountant acceptable to ~tort~agee. In eddition, Mortgagor vill furnish
to M~rtga~ee such interim financial stetecents, as Mart~agee may request, cer•
tified by Mortgagor in such form as may be acceptable to Mortgagee. ~
1~. IA the event that Mortgegee (a) Grants any extension of ti~re for forbearance s
~?ith t~s~ect to the pa~nrent of any indebt~dness sec~~red by this mortgage; (b) ;
Tak+es ocher or additior.el security ~for -Ehe~~~..~'nt~~theteof;----(c-) --itaives--or---- - - - . '
fails to exercise any right granted herein or under the note secured hereby;
(d) Crants eny release, vith or without consideration, of the vnole or any
part of the security heid for the payrr.ent of the debt secured hereby or the re-
lease of any person liable for .pay~rent of said debt; (e) Asrends or ~rodifies
ia any respect vith the consent or Mortg:.gor any oE [he te~s end provisions
hereof or of the note secured hereby (including substitution of anocher note);
thea and in any such event~ such act or amission to act shall not release Mort• ~
g~gor, or any co-makers, suretfes, or guarantors of this mortgage or of t~e
~ oote secured hereby, under any coveaant of this mortgage or of the said note,
- nor preclude riortgagee from exercising any right, power, or privilege herein ~
granted or intended to be granted in the event of any other default then made
. or any subsequent default and without in any Wise impairing or affecting the
lien or priority of this mortgage.
14. Mortgagor vi21 not make, suffsr, or per~mit, vithout the written consent of the
Mortgsgee first hed and obtained, (a) Any use of the premises for any purpose
- other than ihat for which the same are now use~ or intended to be usedi (b)
Any alierations of tt?e buildinQS, itrprovecrents, fixtures, apparatus, crachinery,
and equip~rent now or hereafter erected or located upon the said prer~ises; (c) -
My purchase or conditional sale, lease or agreenent under vhich ticl~ is re-
served in the vendor of any such fixtures, apparatus, ~:achinery, equip~nent, or ~ ~
.personal property to be placed in or upon any of the buildings or i~provec:ents
, oa the said premises. Mortgagor will execute and deliver, from ti~re to ti~e~ ~
such further instruments as mav be reQuested by Mortgagee to confirm the lien
of this ~rortgage on ar.y fixtures, property, machinery, a~paratus and equipment
described herein.
15. If default shall be made in any of the conditions or covenants herein, or in
said note contained, or in the securit}• agreea:ent given hereby in cor.nection
vith this transaction as additional security, or other agreement ~iven in cor.-
uection with this transactioa (it being hereby agreed that on c~efault in the
paqment of eny tax or assessir.ent or insurance premium, or any p2•~ment on ac-
count thereof, or in the pa}r~rent of any cost or expense of Iitigation, the
Mortgagee may pay the same and all sums so advanced, with interest ~t the rate
aet forth in the note secured herebv, shall immediateZy atta~h es a lien here-
uader and be payable on demand), the whole of said principal sum and all the
accrued interest thereon shall thereupoa at the option of the said Mortgagee
- aad vithout notice to said Mortgegor (notice being hereby waivEd) become and be
forthwith due and payable, and shail thereupon be collectib~e in a suit at law, ,
or by foreclosurE of this mortgage, in tY:e sa;ne ~ranr.er as if the vho:e of said
pr:ncipal siun had been ~~de payable -at tne ti~.^e when sny sucn default sha11
"+oc on shall not constitute a
waiver.of the right to exercise the saA,~ at any other ti~e. It is agreed that
"default" shall embrace and include any action in bankruptcy, receive rship, or
' reorganiz ation filed by or against Mortgagor, or the occurence of any jud~ent
or proceeding entered or brought against Mortgagor by any person arfe~ting the
aaid premises or to foreclose aay 2ien thereon. 1~ie Mortgagor, in case or s~:c;:
default and the conCinuaace thereof as aforesaid, does :±ereby autrorize and
fu21y earpower the Tiortgagee to sell the said prer:ises at public auction, ~nd $
Convey the s~r.e to the purchaser, agreeably to tne statute in such case made
and provided, and out uf the money arising frac~ s•icn saie to re~ain tl~e princi-
pal and interest which shall then be due on t'.:e saic: t~ote, all pay::.ents d•se
bereunder, tne expenses of such sale, and a reasonal•:e sum as attoraay's fzes,
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