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i) if Mortgagor fails, in accordance with the terms of this
Mortgage, to keep, observe and perform any of the other covenants,
conditions or agreements contained in this Mortgage; or j) in the
event Mortgagor commits waste; k) in the event Mortgagor transfers
title to the Premises without Mortgaqee's written consent or
violate the terms of Section 30(a)(7) or (1) in the event mortgagor
shall violate any condition or fail to observe any requirement or
provision, or fail to do any act, or fail to refrain from any
action, or fail to make any payment including costs, disbursements
and allowances as and when provided to be paid or made pursuant to
~ the terms of this Mortgage, ar any mortgage ta which this Mortgage
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E may by its terms become subordinate; or (m) if the franchise is
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` terminated b~ reasan of Mortgagor's defaezlt and Mortgagor has not
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~ obtained a substitute national or regional franchise satisfactory
~ 120 da s after such
to Mortgagee within one hundred twenty ( ) y
~ termination; or (n) if Mortgagee shall be in d~fault after notice
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~ and opportunity to cure, herein set forth, of an~r of the terms,
covenants or conditions af the License on the part of the Tenant
~ thereunder to be observed; or (p) any Event of Default under that
~ certain mortgage, dated even date herewith, between Southeast Hotel
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~ Associates, as Mortgagee, and Borrower, as Mortgagor, securing that
~ cer~ain Purchase Money Note in the principal amount of FOUR HUNDRED
FIFTY THOUSAND DOLLARS ($450,000.00).
10. That Mortgagor will, in compliance with the Lier Law of
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E the State of Florida, rece~ve the advances secured hereby and wiZl
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~ hold the right to receive such advances as a trust fund to be
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aoaK 675 PacE ~~91
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