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(iii) ae soon as practicable and in anyy event prior
to April 1 of each year, receipted realty tax bills in respect ~
of the Premises for the preceding year]
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(iv) as soon as practicable and in any-event within
ten (10) days after the end of each month, a statement certified
by an officer of Mortgagor setting forth the 'sales volume and
product prices for the preceding month= and -
(v) at the request of Mortgagee and with
reasonable promptness,-such other reports, certificates and
pro3ections of revenue of Mortgagor and Guarantor-and other
information respecting the business and financial operations of
- Mortgagor and Guarantor as Mortgagee may from time to time
reasonably request=
All financial statements of Mortgagor shall be prepared in
accordance with generally accepted accounting practice, shall be
delivered in duplicate, and shall be accompanied by the
certificate of a principal financial or accounting officer of
Mortgagor, dated within ten -(10) days of the delivery of such
statements to Mortgagee, stating that he knows of no Event of
Default, -nor of any default which 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, specifying the nature and period of
existence thereof and what action Mortgagor has taken or proposes
to take with respect thereto, and, except as otherwise specified, -
stating that Alortgagor has fulfilled all its obligations under
this Mortgage which are required to be fulf filled on or prior to
the date of such certificate.
- (c) Mortgagor, within three (3) days upon request in
person or within ten (10) days upon request by mail, will furnish
a written statement duly acknowledged of the amount due whether
for principal or interest on this Mortgage and whether any offsets
or defenses exist against the Mortgage indebtedness.
Section 1.11. Mortgagor will not commit any waste on
the Premises or make any change in the use of the Premises which
will in any way increase any ordinary fire or other hazard arising
out of the construction or operation. Mortgagor will, at all
''times, maintain the improvements on the Premises in good operating
order and condition and will promptly make, from time to time, all
repairs, renewals, replacements, additions and improvements in
connection therewith which are needful or desirable to such end.
After completion of the improvements on the Premises, they shall
not be removed, demolished or substantially altered, nor shall any -
personal property be removed without the prior written consent of
Mortgagee, except where appropriate replacements free of superior
title, liens and claims are immediately made of value at least
equal to the value of the personal property removed, and that no
building or other property now or hereafter encumbered by this
Mortgage shall be removed, demolished or materially altered,
without the prior written consent of Mortgagee. Provided, however,
nothing in this Section shall prevent, Mortgagor from remoaing crops
in the drdinary course of its bus~ifiess.
Section 1.12. Mortgagor, immediately upon obtaining
knowledge of the institution of any proceedings for the
condemnation of the Premises or any portion thereof, will notify
Mortgagee of the pendency of such proceedings. Mortgagee may
participate in any such proceedings and Mortgagor from time to
time will deliver to Mortgagee all instruments requested by it to
periait such participation. In the event of such condemnation
proceedings, the award or compensation payable is hereby assigned
to and shall be paid to Mortgagee. Mortgagee shall be under no
obligation to question the amount of any such award or
compensation and may accept the same fn the amount in which the
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