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facts which cause such representation or v~arranty to be false or misleading
continue to exist for a perial of thirty ( 30 ) days after written notice thereof
by Niortgagee to Mortgagor.
6.4 JUDGMENT. If a final judgment for the payment of money in
~ excess of Twenty-8ve Thousand Dollars (~25,000.00) shall be rendered
against Mortgagor and the same shall remain undischazged for a period
of the applicable appeal period during which period execution shall not
be effectively stayed.
6.rJ VOLUNTARY BANHRUPTCY, ETC. If,Mortgagor or any Guazantor
~ shall (a) voluntarily be adjudicated a bankrupt or insolvent, (b) seek or
i consent to the appointment of a receiver or trustee for itself or for all or
~ any pazt of its property, ( c) file a petition seeking relief under the bank-
~ , ruptcy or other similar laws of the United States or any state or any other
s competent jurisdiction, (d) make a general assignment for the benefit of
~ creditors, or ( e) admit in writing its inability to pay its debts as they
mature. _
~ 6.6 INVOLUNTARY BANKRUPTCY, ETC. If a court of competent ju-
~ risdiction shall enter an order, judgment or decree appointing, without
~ the consent of Mortgagor or any Guazantor, a receiver or trustee for the
~ Mortgagor or any Guarantor or for all or any pazt of the property of the
~
Niortgagor or any Guazantor or approving a pedtion filed against the
~ Mortgagor or any Guarantor seeking relief under the bankruptcy or other
~
~ similar law s of the United States or any state or other competent juris-
~ diction, and such order, judgment or decree shall remain in force undis-
~ charged or unstayed for a period of sixty ( 60 ) days.
6.7 DISSOLUTION : If Mortgagor or any Guarantor shall dissolve or
~ liquidate without the prior written consent of I4iortgagee.
6.8 I~CCERATION UNDER /~RTICLE 12. If Mortgagee accelerates pay-
~ ment of the Indebtedness under Article 12 and Aiortgagor fails to pay the
= lndebtedness ~vithin fifteen (15) days after the expiration of the thirty (30)
day ~vritten notice by l~iortgagee to Mortgagor as provided in Article 12.
~
6.9 FORECLOSURE OF OTHER LIENS. If Ill@ t10IdCI Of 1II~? ri70rtgag8, '
~f deed of trust, deed to secure debt or other lien on the Mortgaged Property
(without hereby implying Mortgagee's consent to any such mortgage, deed
" of trust, deed to secure debt or other lien ) institutes foreclosure or other
= proceedings for the enforcement of any of its remedies thereunder.
s=7 6.10 CROSS DEFAULT. If a default shall occur under any loan
ar lease naw or hereafter in existence between Mortgagee and
Mortgagor or any mortgagor in which the Guarantors have any
Fy-~ interest whatsoever, such a default shall constitute an Event of
~ Default hereunder. If an Event of Default shall occur under this
Mqprtgage, it shall be considered an event of default under any
~
D R ' ~'oan or lease naw or hereafter in existence between Mortgagee and
~~~~~P~E~~Mortgagor or any mortgagor in which Guarantors have any interest
~ ~ * soever .
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