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22. Mortgagee may make or cause to be made reasonable entries upon
and inspections ~f the property related to its interest therein at reasonable
times.
23. Except for any notice required under applicable law to be given
in anuther manner (a) any notice to Mortgagor provided for in this Mortgage
shall be given by mailing such notice by certified mail, return receipt
requested, addressed to the Mortgagor as follows:
WWH Corporation, a Florida corporation
Warren M. Heim, Jr., President
P.O. Box 367
Mount Vernon, New York 10551
or at such other address as Mortgagor may designate by notice to Mortgagee as
provided herein; and (b) any notice to Mortgagee shall be given by certified
mail, return receipt requested, to Mortgagee's address stated herein, or to
such other address as Mortgagee may designate by notice to Mortgagor as
provided herein. Any notice provided for in this Mortgage shall be deemed to
have been given to Mortgagor or Mortgagee when given in the manner designated
herein.
24. In the event of default by Mortgagor under any obligation
constituting a lien prior hereto, Mortgagee, at its option, but without any
obligation to do so, may take whatever steps that Mortgagee deems necessary to
cure the default in such obligation and any and all monies expended by Mort-
gagee shall be secured by the lien of this Mortgage, the same as the sums of
money represented by the Note which this Mortgage secures, and such monies so
expended shall bear interest at the default rate and shall be immediately due
and payable. In the event Mortgagee cures such a default under any obligation
having a prior lien, such shall not constitute a cure of the defau2t hereunder
except at the option of the Mortgagee.
25. If any installment of principal or interest of the said Prom-
issory Note or any of the sums of money herein referred to or secured hereby,
be not fully and promptly paid within fifteen (15) days of when the same
severally become due and payable, or Mortgagor shall fail to perform, comply
with and abide by each and every the stipulations, agreements, conditions and
covenants
a. in said Promissory Note (other than for the
payment of money) and this deed set forth, which shall
in all events control in the case of conflict with the
provisions of the fallowing items b. and c.;
b. in the letter commitment for mortgage Ioan
. from :iortgagee to Mortgagor dated November 13, 198b,
and accepted by Mortgagor on November 26, 198b, and;
c. in the Construction Loan Agreement by and
~etween Mortgagor and Mortgagee dated
December 30 , 1986; (Note: If no date is inserted
no Construction Loan Agreement exists between
, Mortgagor and Mortgagee);
copies of all of which are. on file and available for inspection at the offices
of both Mortgagor and Mortgag~e, within thirty (30) days of the giving of ~
written notice by Mortgagee, or shall fail within said thirty days to
diligently undertake cure which is reasonably calculated to succeed, then the
aggregate sum mentioned in said Promissory Note, or such part thereof as sha11
then be disbursed, shall become due and payable forthwith or thereafter at the ~
option of the Mortgagee, as fully and completely as if said aggregate sum of
money was originally stipulated to be paid on such day, everything in said
Pr~missory Note or herein to the contrary notwithstanding, the Mortgagor
hereby waiving any right of homestead or other exemption granted by virtue of
the laws and Constitution of the State of Florida.
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