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wLich ull c}~aunes frotu ll~o stnnclara forn? sLnll be in~lic:itccl by z~p~~ro-
priuto ~uurkiu~~, xttcl~ ~~u~rkino~ tu Lu ccrtific~l tu Lo truo uu~l coin- ~
pleto Ly iiic ,•esE~oie~il~lo oQicer of tl~e ~[ortgu~or or by its counsel~
And (i~•) tl~c \[ocl;:agee ~hall reccirc letler, si~uccl hy Uie i~tortbaaor a
uud Adelres~cJ to tlie les~ce, to l~e for~~~;irclca to tlie lcssco by tliQ ,~Iort-
ga~ee, g:~~iug notice of tlio ossioiicuei?L of eacl~ leuso pro~~icled for
herein. •
Seetion 1.17. Thc Mortgagor will not, without
the prior written consent of the Mortgagee: (i) sell, n
transfer or convey the Mortgaged Property or any part
thereof; (ii) lease all or substantially all of the
Mortgaged-Property; (iii) fuither encumber the Mortgaged -
- Property.
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AI~TICL~ II ;
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,
I~ EVENT9 OF DEFAIILT A.iD I;EaIEDIES `
~
! ~ SEC~ox ~.Ol. If ono or moro of tLo follotiving I~:vents of Defuult
~ ehall Luppcn, thAt is to suy:
;
~
~ (n) if (i) default ~li:ill bc made i~? the payment of ~i»r intc~'est
: on the 1~TOte, or in thc pl3mnent of ~iiy instattnent of princip:il, in
~ eitLer sucli case, ~rlicii auid as tLe satne sliall Uecome due ~n~l ~~ay-
~ able, ~nd sucl~ clefault sLall I~a~e ~onlinueci Cor 1 period of ten (14)
days or (ii) default shall be madc in 1ny other paj~ment of tlic prin-
~ cipal of tlie ~'ote, ~rhen und ns the same sliall become clue und ~
~ puyablc, wuctlier at matnrity or bp accclcration or as Part of any
~ prepayment or othernise, in encli case, as in the Note n~d tlus
1liortga~c proride~l :~nd such dcfault sLall Lavc continucd for a _
~ " period of ten (10) da3s or (iii) detault sl~all be m:tde in tlie pav-
~ ment af 1ny ta~c re~uirc~l bg S~ction ].07 t~ be P~id nnd ~aid ~lefault ~
~ ahall Lave continncd for u period of tnenty (20) duss; or default . ~
~ shall ue made in the delivery to the Mortgagee of
the financial statements of GOREDCO in form and
~ substance sat~factory to the Mortgagee and pursuant
~ to 1.11 (c) and said default shall have continued for
- a period of twenty (20) days; or
(b) if defanlt sliall be made in tlie duQ observancQ or Pcrforra-
~ ance of any co~ ei~a~it or aarcement on thc part of thc 11ort~a;or
~ . contained in Scction 1.01, 1.03, i.OS,1.09 or 1.17 and such default
sha11 have continued for a period of twenty (20) days
_ after written notice thereof shall have been given to
.v
the Mortgagor by thP Mortgagee; or
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