|
.�.<r.,�,, }�z�3�y���.¢ �r3�'C�`�t+?�'���'��'ab�!x1�-:_ s�=1,��«—_._'�i + r y, _�-_� "' s�..' .�,tp_.F�r�"-r'?x.�;b`ti�f�5 .��rFs3�.4yt�74't� s�.�'`��4;SYo�Y�a�.,. -_=
<br /> . _:- . .-.-.___ _-- . -_ ___-�_�..' _ . __ —__ _z-.� _ -__.� �.�_.� . _ ._ .. ._
<br /> _. _ _ —. _ � - __.-___-- _-___ �� -`c<-- _ T�.__ _.__. _ _ _ ._ --_ -. -- . . � . _ - . _ ._
<br /> � ' �_ . . . _ ' .. .. � . ' . . '.. _" �
<br /> i �
<br /> � . _ .
<br /> l � � _ .
<br /> � . � . , , � O.._ �',} ��a t� ,. .
<br /> 9 "
<br /> .�
<br /> , � 6. (30VERrIl�ITAL TAKIN�. � Notwithstanding any �taking � � �
<br /> � _ _ of any property� hezei,n coaveyed aad agreed to he canve�ed, by �
<br /> ,. eminent domain� alteration of the grade of anp street� or other
<br /> � injurp�ta. or decrease in va].ue=of, the �Premises by any, publia . .
<br /> . or quasi put�lic authority or corpvratiaay eorrower shall • .
<br /> coatinue to pay princ�pal and -interest on the Secured �
<br /> : �ndebtedness' and any reduction in the Secured Indebtedness . ' �
<br /> ,� zesultiag €rom the application by Lender of anp award or �
<br /> �. gapment for such taking, alterations, injury os deerease in .
<br /> : value of the Premises, as hereinafter set for'th, shall be
<br /> de�med to take effect oaly on the date of such receipt; and
<br /> : - - said award or papment may, at the option af Lender, be :retaiaed . �
<br /> �`-`.°�: and applied by Lender to�ard �apa�ent of the Seeured �
<br /> �'���'���.. Indebtedness and if applied, such application would not be ' . �
<br /> � subject to a .pr�papmea�t premitme, or be paid over, wholly or ia �
<br /> .='; , .
<br /> � • part. tQ Bo�r��rer €or..th� �Sua��ose af altesaa� restcirang or. � - ---� _
<br /> � rebuildinq anp part. of the Premises which map have�.beea � .
<br /> , � alt�red, damaged or destroyed as a resu�t af any `sa�ch`taking, �
<br /> alteration of grade, or ather injury to the Premises, ut�for �
<br /> aay other purpose or object satisfactorp to Leader, but Lender
<br /> . shall not�be obliqated to see to the application af anp amount _ •
<br /> . paid over to Horrower. If, prioz to the receipt bg Lender of
<br /> such award� or payatent, the Premises sha12 have b�en sold on
<br /> , foreclosure of this mortqaqe, Lender shall have t�.e r3ght to � �
<br /> receive said award ot payment to the exteat of any:deficiency , -
<br /> founc� to be due �upon, such sale, with lega2 interes� thereon, . ' �
<br /> whetliet or not a deficiency judgmeat on this mortgage shall � , �
<br /> have. beea sought or<•recavered or denied, and of the reasenable � � :# .
<br />: counsel fees, costs and disbursements incurred by Lender in � �_, __,
<br /> connection with the collection of such awar.d or payment. �
<br /> . 7. DELIVERY OF FINANCIAL STATEMENTS. Borrower shall � -
<br /> , deliver to Lender, at any time within thirty (30) days after -�
<br /> ' : notice and demand bp Lender but not more frequeatly than once -
<br /> per �ear, (a} Horrovrer's annual financial statements sup�ar�ed :;-=�
<br /> ' by company prepared Financial statements, (b) persenal � �• s
<br /> financial state.�.ents supported by copies af the Eirst and last
<br /> paqe of the resp�ctive Federal income tax returns and such
<br /> other information as Lender may reasonably request from all `�
<br /> (3uarantors under that certaia Guaranty of Payment and
<br /> Performance of even date herewith, (c) a statement in such �
<br /> reasonahle detail as Lender may request, certified by the .
<br /> Horrower, of the leases re2ating to the Premises, and � '
<br /> td) financial statements ia sa:�F� ��asonable detail as Lender � j;._
<br /> � may request, certified by a certif�:�rl public accountant or, at �.��
<br /> the option of Lender, by the Borrow�r of the income from and
<br /> . expenses of 'any one or more of the followia�g:. (i) the conduct
<br /> of any business on the Premises, (ii) the operation of the
<br /> ' Premises, or (iii) the leasing of the Premises or any part
<br /> thereof, for tlne last twelve (12) moath calendar period prior
<br /> � . _..._ ._ _.__.__..._ .to_ the. givinq..o�.._such..notice, . and, .on demand,_.Horrower �sball---� �------- ----- - --
<br /> furnish to Lernaler executed counterparts of any suCh leas�s and
<br /> cohvenient facilities £or the audit and verification af a�y
<br /> � suah statement. �
<br /> � � ��
<br /> . . . ,
<br /> 8• EVENTS OF DEFAULT. Each of the following events �
<br /> shall constitute an "Event of Default" under this mortgaqe: . �
<br /> ta) should Horrower fail to pay the SeCUred f�--�`
<br /> Indebtedness, or any part thereaf, when and as the same shall ' �
<br /> beCOme due and payable;
<br /> � �
<br /> (b� should any warrant� or representatxon� ef �
<br /> - Horrower herein contained, or cantained in any instrument, • �
<br /> transfer, �ertificate, statement, conveyance, assignment or �
<br /> L loan agreement qiven with respect to. the Secured indebtedness,
<br /> grove untru� or misleadinq in any material asp�Ct; ' r,
<br /> � � �.
<br /> . . . . ;
<br /> U *'J.
<br /> � _
<br /> . `S20LSC!� . .
<br /> , �..
<br />
|