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(d) to the best of-Assignor's knowledge,
information and belief, there are no defaults
under the provisions of any Purchase Agreements _ ~
existing as. of the date hereof other than defaults
of which Assignor has given Assignee written
notice.
8. Assignor covenants that it will not hereof ter
cancel, surrender, terminate, alter or modify any of the
Purchase Agreements or Condominium Documents, exercise any
option, election or right which might lead to such termination
or change, or consent to the release of any party liable
thereunder or to the assignment of the purchaser's interest
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in them without the prior written consent of the Assignee.
9. Assignor hereby authorizes the Assignee to give ~
notice in writing of this Assignment at any time to any pur-
chaser under any of-the Purchase Agreements. ~
10. Violation of any of the covenants, representa-
i
tions and provisions contained herein shall, at the option of
•ASSignee,~be deemed a default under the terms of the Note,
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Mortgage and Construction Loan Agreement.
_ _
11. In order to enable Assignee to fully enforce
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• any and all of the Purchase Agreements,-upon the occurrence f
of any default under the terms of the Note, Mortgage or
Construction Loan Agreement: ~
(a) Assignor will, within five (5) days after
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notice from Assignee, do or cause to be done any or
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all of the following, as Assignee may, at
its option, request:
(i) forward to Assignee, by first class t
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United States registered or certified mail, f
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