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8. Debtor shall be in default under this Agreement
upon the happening of any of the following events or con-
ditions: (a) failure or ~mission to~perform or pay when due
any obligation (including any installment thereof or interest
thereon); (b) any warranty, representation or statement made
or furnished to Secured Party by or on behalf of Debtor
proves to have been false in any material respect when made
or furnished;' (c) Debtor shall make an assignment for the
benefit of creditors; (d) a Receiver is appointed for Debtor
or any part of the Collateral; (e) Debtor files a Petition
in Bankruptcy, is adjudicated a bankrupt, or.files any
petition or institutes any proceedings under the National
Bankruptcy Act with respect to Debtor's assets and lia-
bilities; (f) If Debtor defaults in, breaches or fails to
perform any one or more of the covenants and agreements
contained in either.this Security Agreement, the Mortgage,
or the documents set forth in said Mortgage, Mortgage Note
or Assignment of Rents, Leases and Contracts executed of
even date by the Debtor. ,
9. Upon the occurrence of any such default or at any
time thereafter, Secured Party may, at its option, declare
all Obligations secured hereby, or any of them (notwith-
standing any provision thereof), immediately due and payable
without demand or notice of any kind and the same thereupon
shall immediately become and be due and payable without
demand or notice and Secured Party shall have and may
exercise from time to time any and all rights and remedies
of a Secured Party under the Uniform Commercial C~de of the
State of Florida and any and all other rights and remedies
available to it under any other applicable law, including
the right to foreclose this Security Agreement and the above
identified mortgage in the same proceedings. Upon request or
demand of Secured Party, Debtor shall, at D~btor's expense,
assemble the Collateral and make it available to the Secured
Party and Debtor shall promptly pay all costs of Secured
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enforcements~of rights hereunder, including reasonable
attorneys' fees and legal expenses and expenses of any
repairs to any realty or other property to which any of the
Collateral may be affixed or be a part. Expenses of re-
taking, holding, preparing for sale, selling, or the like,
shall include those incurred on appeal, if any.
10. No waiver by Secured Party of any default shall
operate as a waiver of any other default or of the same
default on a future occasion. No delay or omission on the
part of Secured Party in exercising any right or remedy
shal? operate as a waiver thereof or the exercise of any
other right or remedy. Time is of the•essence of this
Agreement.
11. The provisions of this Agreement are cumulative
and in addition to the provisions of the note secured by
this agreement and the provisions of the above identified
mortgage and other instruments securing said note and
Secured Party shall have all the benefits, rights and
remedies of and under the note secured hereby and any ottier
instrument securing same. All rights of Secured Party
hereunder shall inure to the benefit of its successors and
assigns and all obligations of Debtor hereunder shall bind
the successors and assigns of Debtor.
12. This Agreement has been delivered in the State of
Florida and shall be construed in accordance with the laws
of Florida. Wherever possible, each provision of this
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