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HomeMy WebLinkAbout0783 ~ of the Company issued under the Indenture shall be declared to be, or shall be- come, forthwith due and payable as provided in the Indenture. the entire principal ~ , of the Security Note shall become forthwith due and payable . If the Security Note t i 2 shall have been declared to be ? or shall have become . forthwith due and payable . t F t the riortgagees shall have and may exercise , to the extent not prohibited by law . ~ all remedies referred to in this 1Mortgage or the Securit3i Note or otherwise avail- uble to the Mortgagees at law or in equity . ; < . ; 8. To the extent that the Mortgagees enter into or accept this htortgage, i ~ I they do so upon the terms and conditions set forth in Article IX of the Indenture ~ ; with the same effect as if those terms and conditions were repeated at length herein. ~ ~ ~ 9. The Owner will maintain or cause to be maintained with respect to ; t ; S the Original Hospital Property , insurance of the character and with the coverage and provisions required to be maintained by the Indenture . 10. If any clause, paragraph or provision of this Mortgage shall be declared invalid or ineffective by any court of competent jurisdiction . such declaration shall be limited to such clause, paragraph or provision and shall not affect any ; , i other clause , parngraph or provision hereof . - ; Anything herein to the contrary notwithstanding, the property described in Exhibit A hereto is granted and conveyed to Chemical Bank only to the extent of ~ ~ ~ ~ , its legal qualiFcation und'er the laws of the State of Florida to receive and hold ~ t ~ property located in said state for the purposes of this Mortgage; provided, hqw- i ever, nothing contained in this paragraph shall be construed as limiting in any manner the grant and conveyance of said property to John J. Fleming and W. Henry Barber, Jr. as Individual Trustee and as Florida Co-Trustee, respectively. If the Owner shall cause to be satisfied the Security Note and shall perform ~ and comply with all the terms and provisions of this Mortgage, then, in that event, ~ ~ ~ ~ ~ this conveyance shall become null and void and shall be released in due form at ~ ~ ~ the Owner's expense; otherwise, this conveyance shall continue and remain in full ~ ~ ~ _5_ . ~ . ~ ~ ~ ~ BOOK ~Oc) PAG ~ . ~ 782 ~ ~ . ~ ~ ~ - _ _ _