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<br /> provfsfons of this Section 2.2. Notwithstanding the provisions of �
<br /> Seation 4.�e any such notice shall conclusively be deemed to be
<br /> reasonable a�,�ffective if such notice is mai2ed at Ieast ten (l0y
<br /> �. -days pr�ar:.�Q=�°��n�r sale, bg first class or certified mail, postaqe
<br /> , • ;; .�prepa�d, tc�;���ag4z� at its address above� set forth, or to such
<br /> � � othes. ax�dzess'.:as �n�gagor :m�y h�eafter desigrca�e i.� writing to �
<br /> . . Mortgaqee. : � ' ` - . . . � . . . � -
<br /> � ARTICI�E LII �
<br /> EVENTS OF DEFAUY�� AND R$�EDIE� . . . . � �, .
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<br /> SECT'ION 3.1 Eve.mts �af Default. Eac3� �a� �td�e ��dl7�o�r�g - - -.��,_. ._.._........ _
<br /> .r. :� �� _ .
<br /> � . , shall aonstitute an Event�of Oefault: � ���';�'
<br /> .� 3.1.1 If (i) Mortqaqor s�a�� �ai� tQ.make a�ay
<br /> payment of aaa��erest or priracipal, when arac�,� the� same �il b�acome . >:;'.-
<br /> . • ,;c�:.:;�.
<br /> .. �. :. � _ due and paya�a��,as� set forth fn ttae Loaa�::�D3gre�rit_ or. .�ie Notes, . .°;:,�.;;..,
<br /> " or (ii) Mortgagor shall fai.l ta n�� am� o�Yaes �ayment to be paid
<br /> by i�. under :�he �an Agreement or the _���..nancaa¢g Agreements (as , : _�
<br /> , defined fn �e. Loan Agree�e�t� (collect�wely, '�E�oaaa IDdcuments"; � � ��`
<br /> eac�i, a ��Laaa� :�ocument�) wheaj. and as the same shall beceame due and �.���� � ` .,,
<br /> payalil.e. � � . ;
<br /> . 3:1�.2 If Mortgaqor shall faf 1 to perfornt�or observe '
<br /> any term, condition or covenant hereof (other than a fai2e�re. oP the - . .
<br /> type described in Section 3.1.1) and, if capable of being remedfed, �
<br /> such failuse shall continue unremedied for ten (10j days; provided, ' ,
<br /> , ���, no Event of DePault shall be deemed to exist ff such '
<br /> default requires work to be per�ormed, acts to be done, c,r � : _
<br />. conditions to be removed which cannot, by their nature, in
<br /> Mortqaqee's determfnatfon, reasonably be performed, done or -:
<br /> removed, as the aase may be, within such ten (10) day pericd, in ::� :�
<br /> which case no Event of Default shall be deemed to exist unless . ;.'
<br /> Mortgagor has not cured such default wYthin thirty (30) days after ;�
<br /> such default ffrst occurs. � �,
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<br /> 3.1.3 if there shall occur �f) under any o! the �
<br /> Loan Documents an "Event of Oefault" �as such term is defined in : ;;.�::
<br /> the appropriate Loan Oocument)�, other than an Event of Default oP `�:;::�
<br /> the type described in Sectfon 3.i.i of this Mortgaqe, or (ii� under '.:;�:
<br /> any lease, mortgaqe, covenant or agreement affectinq the Premises ,' :z: �
<br /> whfch is superior in prio;,fty to this Mortgage, any default wh3ch " �
<br /> � is not cured prior to the expiration of any applfcable cure period
<br /> � set forth in such lease, mortqage, covenant or agreement, or if no
<br /> such perfod is set forth, wfthin ten (10) days.
<br /> - --... _ .. . . . . . SECTION- 3.�2 Remedies-.fn.. .Case-of..an...Event-of-�Default. . . . . .- -�---..-. ...
<br /> If an Event of Default shall have �occurred and is contfnuing, '
<br /> Mortgaqee may, in addition to any other action, take one or more
<br /> of the following actions: �
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