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HomeMy WebLinkAbout1109 i 1 ' I - r f I ~ ~ ~ (b) Al1 financial statements of Mortgagor required to be furnished hereunder shall be delivered in duplicate and shall be ; ~ accompanied by the certificate of Mortgagor or a general partner ' or financial officer of Mortgagor, dated within five (5) days of ~ ; the delivery of such statements to Mortgagee, stating that to his , best knowledge after due inquiry, he knows of no Event of Default, nor of any event which, after notice or the lapse of time or both, would constitute an Event of Default, which has occurred and is continuing, or, if such event or Event of Default has occurred and is continuing, specifying the nature and period of existence thereof and what action Mortgagor has taken or proposes to take with respect hereto, and except as otherwise specified, stating that Mortgagor has fulfilled ail their obligations under this Mortgage which are required to be filled on or prior to the date of such certificate. ~ 30. Restrictive Covenants. (a) In advancing the principal sum secured by this Mortgage, Mortgagee has relied upon the integrity, experience, and general reputation of Mortgagor in operating the Real Estate for the intended purpose. Mortgagor acknowledges that the value of Mortgagee's security is directly related to the manner in which the Real Estate will be operated. Mortgagee, prior to advancing the principal sum secured hereby and agreeing to the terms upon which this Mortgage is made, considered the net worth, financial eondition, experience, integrity and ~ general reputation af Mortgagor. Accordingly, Mortgagor shall not, without the prior written consent of Mortgagee: ~ t ~ ; K ~ 44 ~ ~ ~ ~ ~ ~ 600K V7~ PAGEI~O~ ~ ~ - - _ , ~ ~ ~~~,~y~.~~~~-~