HomeMy WebLinkAbout1805 01 i22%90 13: 20 G11~1STER-BOCA 0~3
obliga~tiona and c:~i?c9itiu~is sel oul. in this Mortgago, or in the
Note, or iri any othac Loan Document (aa hereinaEt~r defin~d)
given with raapect to the Secured Indebtadneaa and auch failure
con~inues thirty (30) daya after written notice to cure;
(i) Forecloaure pro~eedings (whether judiciel ot
otherwiese) be inatituted on eny mortgeg~ os any li~a o! any
kind aecured by eny portion of the Mostgaged Propwsty;
The Mor~qaqor d~taulia in any other loan maAe by
thP M~rtgt+ge~ ~:o kh~ Mortgt~g~r;
(k) The Mortgdgor encumbera, aella or otherwise
di~poaes of thc Mortgaged Property, or anY past thsreof,
without the consent in writinq of the Mortgagee in violation o[
Sect~on 4.3 hereof;
' (1) A transger of control of the Mortqayar aithout
~ the conaent in writing of the Mortga9ee in violation of Settion
~ 9.9 hereof;
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; (m) Any additional financing or further encumbrancinq
E wi~huu~ ~he prioc writt~n c:or~sent of the Mortgagee in vibletion
~ of SP~ti~n 4,5 hercof;
i
e
(n) P? final judgment for the payment of mvney ahall
p be rendered t+gainst the MorLgegor or any Gu~t'~ntvr, and the
E Mortgegor or any Quarantor shall not dischar9e lhe same ot
~ cauae ik ta be di~eherged within siz~y (60) deyts from the entry
E thereof, or ahall not eppeal theteftum ut~ trom the ordeT,
~ decree or proces~ upon ~ahich or pursuant to which geicl judyment
wea granted, based or en~ered, anc~ aecure a stay of execution
~ pending su~h t~ppeal;
@
~ (o) A materiel and adverae change i.n the tin~ncial
~ condition ot zhe MOityagvr or Peter W. BusCh;
¢
~ (p) An Event of Default shall occur unc]er any other
~ Ln~n nnnum~nt; or
(q) The Mortgagee shall deem itself insecure.
Then, in such event, the Mori.gaqee st~all have the options
provided in Section 3.2 hereof.
Section 5.2 Qptiona of the 1Kor~~gee Uoon_An Event ni
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~ Upon the occurrence of any such Evntit ot De~ault, the
~ Mortyagee mer irtgnedial.ely dv any one Or more Of the fOilowing,
~ time eaprasaly beiriy md~ie of the es~en~e hQrein:
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