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(b) Failure for the space of 10 days af ter
written notice to duly observe any other covenant,
condition or agreement of this Mortgage and Security
Agreement or the Note;
(c) Declaration or any default by Mortgagee
of a default under paragraph (13) of the Construction
Loan Agreement; or
(d) The filing by the Mortgagor of a
voluntary petitipn in bankruptcy or the Mortgagor's
adjudication as a bankrupt or insolvent~, or the filing
by the Mortgagor of any petition or answer seeking or
acquiescing in any reorganization, arrangement,
compositicr, readjustment, liquidation, dissolution or
similar relief for itself under any present or future
federal, state or other statute, law or regulation
relating to bankruptcy, insolvency or other relief for
debtors, or the Mortgagor's seeking or consenting to or
acquiescence in the appointment of any trustee,
receiver or liquidator of the Mortgagor or of all or
any substantial part of the premises or of any or all.
the rents, revenues, issues, earnings, profits or
income thereof, or the making of any general assignment
for the benefit of creditors, or the admission in
writing of its inability to pay its debts generally as
they become due.
Second: ACCELERATION OF MATURITY. If an event of
default shall have occurred, then the whole unpaid principal sums
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