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them, which agreement shall be subject to Banker's
approval in advance. ,
(e) The Utility Company is owned and controlled by
the Control Group as hereinbefore defined and shall as a j
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condition of the mortgages remain so owned and controlled. ~
(f) Lakeview agrees that it will at all times
maintain the Costa Lakeview Mortgage in good standing and
will not permit or suffer the same to be or become in
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default. In the event the Costa Lakeview Mortgage shall ,
~ be or become in default or an event shall occur which with
the passage of time or the giving of notices or both
constitute a default thereunder, the same shall be and
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constitute a default under the Lakeview mortgage. The
curing of such default by Bankers pursuant to any rights
or privileges granted in the said Costa Lakeview Mortgage
shall not in any event be deemed to cure the default
t occasioned in the Lakeview mortgage and Bankers shall have
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no obligation or duty whatsoever to cure any default under
~ the Costa Lakeview Mortgage. Lakeview agrees that it will
promptly give notice to Bankers of any default arising
under the Costa Lakeview Mortgage or its inability to
~ perform any act or to meet any obligation under said
. mortgage that would result in a default so that Bankers
i
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80~KJ`t~ PaGE~ 146
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