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of the delivery of such statements to the Mortgagee,
stating that he knows of no Event of Default, nor of
any default whi~ch after notice or lapse of time or
both would constitute an Event of Default, which has
occurred and is continuing, or, if any such default or
Event of Default has occurred and is continuing, spec-
ifying the nature and period of existence thereof and
what action the Mortgagor has taken or proposes to take
with respect thereto, and, except as otherwise speci-
fied, stating that the Mortgagor has fulfilled all its _
obligations under this Mortgage which are required to
be fulfilled on or prior to the date of-such certificate.
(c) The Mortgagor shall cause Gulf Oil Real ~state
Developme~t Company (hereinafter referred to as "GOREDCO") to
deliver to the ~iortgagee within 120 days after close of
'the fiscal year of GOREDCO, the annual audited finan-
S
! cial statement of GOREDCO. All financial statements of -
~ GOREDCO shall be prepared in accordance with generally
~ accepted accounting practice, shall be delivered in dup- ,
r licate and shall be prepared and certified to by a~Cer-
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~ tified Public Accountant acceptable to the Mortgagee.
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~ (d) The lfort~z~or, ~sithin se~ven(~ days nPon rcqucst in pcrson
~ or ~ithin ten(1Qjda3•s upon requcst by ln1il, ~ill furnish a~ritfcn
~ stutemeut cluly ac~iio~~•lcc:~,~ed of tl~e araount due n~hethcr for principal
~ or interest on this •lloi•?~a~c and ~rl~etlier anp o~scl.s or deienses etist
~ 8gainst il~e ~ioriaaac indebtedness. •
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S~on~i: 1.12. Tse llortba~or ~rill not commit anr ~asie on ~he
~ Premises ar r~al~e anti~ ciia~lac in thc use of the Prcmises ~hich «ill ;
in ttny ~cap increase any ordinary fire or other h~zard ari~ing out of ~
~:3 . construction or operatio~i, Tiic ~Iort~aaor ~rill, at all times, maintain
~ ~ tha Improvea~euts iu ~ood operatinh order and condition and R-ill ~
" promptly ruaLe, from timc to Lime, alI repairs, renen~ais, rc~lacements, . ~
fi(ICi1~1GiiS i111Ci IiT1riTO~itilt;ili, lil COIt11CCilUll tIl@TC~ltll \S~1CII are necu~ui . Y
or desir~blc to sucl~ en1. .lftcr complc!ion or thc Impro~er.~ents, thes ~
sl~ali not Lc remavec3, cie~uoiisiieu or subsfantiaiiy aiiered, nor shall
~y~ . sny Chatie'.s be removed ~~•iihout the prior ~vritten consent of thu
_ - D,fortaa~ce, escept ti^nere appropriste replacements free of superior
~ title, licns und claims are iuunediatel5 made of ~~?lue At leust equ11 to
- tho vnlne of the Chattcls remo~ed. _
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: $~criox 1.1~. The \iortnanor, immediatclq upon obtainin~ I.-no~:i-
edge of tl:o institution of a:?r proccedings for the condemn~tion of the
C r.~ 224 PACE ~ZL)
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