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S}~I(~N ].10. Tf tl~e ?1Tort;;~;;or sl~all f:?il to r~rform t?ny of tho
covcn~~it, coiit:iinc~l in S~~etio~i 1.01, lA~, 1.07, 1.03, l.(1J or l.l~. tlio
Dfortosigce tna~• t~~.~ke n~lv;~nce:~ to perforni tl~o s.~me in ita beli:ilf, ntid
" ull suius so u~h:u~cc1 sLall bc licn upuu tlic \torl~:ioc~l I'ropcrty
uud sl~al~ Lc securca 1?crcl,}. Z'l~e ~tort~a~or ~~ill rc~~:iy ou dem~ncl
nll sums so :ul~•:uic~~d on its l~cL~lf ith interest nt Uic In~•oluntlry
R:~lc. 1'Lu I~ro~-i~iu:~, uf lLi~ Sccliott 1.10 ::L;ill i?ot prcrct?t uuy ~cfault
~ in tLo obscr~•ancc of an} co~•en:»it containc~l in sai~i Scr.tion ].Ol, 1.03,
1.07, 1.OS, 1.OJ or l.l~ feow c;u~~slituti~ta~ att L~'~cut of Def:?ul~
SEC•riorr 1.11. (u) Tl?e ~[ortan~or ill kecp adcc~uate records und
books of nccou~~t iu accorcl;n?cc witli gcncr:illy acccPic~ accou»ting
pri~?~i~,les ~iid ~~•iil p~~rinil tlic ~Iocta:i~ce, L~ its n~ents, nccountants ~
a~?d :~itori~~~}•s, to ~ i~it ~nd iusi~ect thc Preniises and exlminc its
records vnd bool:s of account :ill(I t0 (~LSCllSS lt8 ~tl'airs. rlIlilI1CC9 All(~ ~ ,
uccounts ~cith lLc otiiccrs of U~c \[ort~a~or, at sucL rcasonablc times
as niay be requcstcd by thc ~[ortoaacc. .
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~ (b) Tl~c llort~a~or «ill deliver to tLc ~tort~:isec witL reasonablc .
; promptt~ess after tl~e close of iis fiscal relr a balance slieet snd starte-
; ment of profit anci loss setti»~ fortL, in coi~~narative form, fi~ures for
~ the prec~ding Sear. The t•iortgaoor crill deliver to
~ the Mortgagee, within sixty (60) days after the
g close of each quarter, the quarter annual financial
~ statement for the riortgagor. Throu~l~out tlie tercn of tliis ~llort~:~,e, the ~~Iort- ~
~ ga~or, aitl~ rca~ouablc pror.~plness, ~~ill dcliver to tue Dlort~a~ce snch
~ other inforn~ation «itl~ resl~ect to tl?c ~Iort~a~or as the ~Iort;l~ce m1y
~
~ ~ reasonaLly request frotii tiuie to time. ~~Il fina~icial- statemcnts of the ~
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Mortaagor sliall be prepared in accordance ~rith generally accepted ~
aceountu~a practice, sl~all be dcli~•cred in duplicate, and, sL~ll Le accom- ~
~ panicd by tLe cerii~icate of a priiicipal finai~cial or accow~iina ou~eer oi ~
~ the DlortQa~or, dated ~citLiii fi~•e (5) days of tLc dclivery of sucU state-
ments to the ~Iortg.i,ce, statino tLat he kno~~~s of no ent of Default,
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_ - nor of any default ~rl~ich after notice or lapse of time or bot~ ~vould
• eonstitute nn ~re~?t of Deflult, ~rliicli has occurred and is continuin„ or,
if uny sucL dcfault or ent of Defaalt has occurred and is continuing,
~ specifyin~ the nature ancl pcriod of esistence~thereof und wli~t action
the Dlort~anor vas tal:en or proposes to take t~ itL respect thcreto, and,
ezcept us otLcr~vise specificd, statinb fhut the ~Iortaaoor has fulfilled
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