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(b) Tlie llort~a~or sliall uot t:ilce out seParatQ insurlnce con-
~ ,:_~arrcnt iu form or co~itriLutino iu tlie evcnt of loss with tLat required,
~ to bQ mnintained tm~lcr tl~is Seciio~i 1.0~J, nnless tlie ~fortb~bce is in-
. c:.cludetl tlicrcon ns a nari~ed i~i~ared ~~•itli loss plplble to tlie rfort~a~eo ~
nnder u st,?ndai•d n~ortoage e~idorsemcnt of _ tLe cii~racter ~bove dc:-
~.8cribed. Tlie ~ltortha;;or sl~all imincdiately notify thc T~Iortaaaeo
whenever ~np such sepzrate insurai~ce is taken out and shall promptly -
: delivcr to tLc ~Iortaa~ce t~e policy or policics of such insuruncc.
` SECTION 1.10. Tf tlie llort~abor shall fail to perform nny of tho
covenants contained in Section 1.01, 1.03, 1.07, 1.03, 1.09, 1.12 or 1.15,
thQ D~orto:~acc may makc udvances to perform thc saine in its belialf, •
' and nll suu~s so ad~~anced sLall bc a licn upon the \Iortba~ed ProPcrty
and sL111 l~e securecl Lereby. Thc ,llortga~or ~~-i11 rep~v on dem~ind
n~l sums so adraucecl on its UcLalf ith in~erest at the Involuntary
; Rate. 'J.'lie pro~~isious of this Section 1.10 sh,ill not pre~ent aup
; default iu tl~e oUservance of any co~enant contained in said Secfion
~ 1.01, 1.03, 1.07, 1.03, 1.G9, 1:12 or 115 from constituting an Lvent of
~ Dcfunlt.
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r . SECrio.r 1.11. (a) Tue llort~a;or ~rill bcep udequate records nnd
~ _ boobs of nccount in accordance ~ti ith generallv accepted acconntins
~ principlc~ and iil perm:t. the ~Iortga~?ee, by its aoents, accowrtants
~ and ~ttorn~cs, to visit and inspect ihc Premises and esamine its
~ records aud boo;:s of account and to discuss its affairs, finances ~nd
~ acconnts ~rith ihe oC~'icers of tl~e ~Iortrya or ut such eas n b
~ g , r o u le tuues
~f es may be reqvestecl bp the ~Iort~la2C.
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(b) T"ze ::ortgagor and the ~uarantor, if any,
~ will deliver to the I~iortgagee within 120 days after
~ the close of their respective fis~a? ,~ars a: ~uuit~u
~ financial statement, such statement to be prepared
~ and certified by a Certified Public Accountant accept-
able to hlortgagee, and, during the Construction Per-
~ iod, shall deliver its quarter annual financial
statement'for each quarter of their respective fiscal
years. Throughout the term of this Mortgage, the
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Mortgagor, and Guarantor, if any, with reasonable -
promptness, will deliver to the Mortgagee such other
- information with respect to the Mortgagor or Guaran-
tor, if any, as the riortgagee may reasonably request
frvm time to time. All financial statements of the
- Mortgagor or Guarantor, if any, shall be prepared in
:z'-:} accordance with generally accepted accounting prac-
;3 tice, shall be delivered in duplicate, and, in the
case of the Mortgagor, shall be accompanied by the
certificate of a principal financial or accounting
officer of the Mortgagor, dated within five ys
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