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el~nli be t~cljndiclted a b,~nl:rapt, or Lc decl:~red insolv~nt, or
stinll tunl:c .?n as~i~nmenl tur 11ic h~i~efit of crc~litors, or sh111 '
Admit i~t ~~'rilin;; its ii~:ti~ilii.~- tu 1~:~}• ils ciebls gc~~crally ns they ~
becomo due, or slu~ll cuuscnt to tl~c aProinhnent o1 u receiver
or receiver~ of ull or uuy plrt of lhe Iliurt~aged 1'roperty; or ~
(f) if nny of tLc creditors of tl~e 1ltortbinor sLall file a
petition in baul;ruptcy ~nainst thc liorl~a~;or or for rear~~nizu-
tion of tLe \Iort~aaor p~irsuant to thc 1~`ederal Baulcrul~tcy tlct
or any si~iiilar l:~t~•, federal or state, u~i~l if ~ucli petition shall
not 3c discLarac:cl or dis~nissed t~•itLi~i sixty (GO) days ~fter thc
date ou which such petition «as Slecl: or
(g) if final judament for thc p~3-ment of moncy sball Uc
' rent3cred abainst tLo llorbnagor and tlie ~ort~a~or shall not
discl~arge t)ie saine or causc it to bc disc}~ar~ed ~~ithin siatp (GO) _
days from thc cntry thcrcof, or sh111 not appeal tLcrefrom or
from the orcler, dccrcc or process upoii ~~~hicl~ or pu?•suant to
~ which slid juc~~~ment ~ras ~r:u~tecl, h:~sc;cl or entcred, ~end secure
a stay of esecution per.dinn such appe~il; or
E (h) if tLny of the even±s enumerated in clauses (d) thronah
~
` (g) of tlus S~ction 2.01 sliall Lappen to tl~e Guarantor, if any,
~ or any of ifs properts; or
~ (i) if it s1~111 be ill~cal for thc ~fort~a~or to pa}• ~ny taz =
~ _ referred to in Seciion 1.0~ hereof or if tlre papment of such tas `
t br the Dtartbr,~;or ~coulcl result in tl~e riolation of t}~e usury la~s ~
? of the state iu ~:~liich tLe Premises are located;
~ (j) If GOREDCO sells, assigns, transfers,
~ pledges, encumbers or otherwise disposes of all
~ or any part of its general partnership interest in
~
~ Mortgagor; or
~
~ (k) If, in the opinion of the Mortgagee, there
~ is any material adverse change in the financial
~ ` condition of Kortgagor or GOREDCO; or
~ -(1) If ~he r:ortgagor is in default under any
~ of the terms and conditions of the mortgage referred
~ to in Section 1.17: ;
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then and in everp s~ach case :
;r~ :
I. Dnrins thc contiiiuance of anp such ~cQnt of Default, the
~ Diort~aaee, by ri±ten notice ~i~en to tl~e ~tort;a~or, na~ de- ~i
- clarc tlie entire principal of tl~e i`Tote theu ontstandin~ (if not ;
then due and ~z~~:.ble), aizd :~ll accrucci and unpaid iuterest -
tl~ereon, to Ue due and par~~;le immediatcl~, and uj;on anv such
~ declaratiou 1Le ~rincipal ot the \ote 111CI said accrued and u~-
paid interest sLall Uecon~c 1nd be imnzediately due ~tnd pa~ab:e,'
: ansthinb in t~e \'ote or iu this Dlortbaoc to the con~rary not-
withstanding;
~ II. During the continuance of ans such E~ent of Defaul~,
- the 11Tortgaoee pcrsonally, or by its anents or attorners, may
'`f , enter into ~i~d uPon all or ~n~ part of tlie Premises, zrd each
' and everp plrt lh~rcof, a~?d mav etclude the lforti!1,1"~Ol'~ its
agents und sercants ~rLoll~• tlierefrom; and b~ving and holdino
~:g r ~ 1 PACE ~ V~
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