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<br /> following events (hsreinafter cailed "Events of Default°) shall`���
<br /> is to saY: , . _ ,
<br /> ` � . (a) default.s�Y1 be made ia the paymeat of any ins[allment of i
<br /> 'or on account af interest�.m� �r pr�ncipal or premium o� any Note or Nates when � �
<br /> and as the same sha�l be ��ired to bs ma@e: _ . �
<br /> ` (b) default s'.�a�l be �aade fn the due observance or performance •
<br /> of�any other af t,�se rep�es'¢..��atiQns, warranties, covenants, conditioas or ' � . � ,
<br /> agreements on the pa�t of �:.� Mortgagor in any of ttie Notes or in this � � , - •
<br /> ' Mmrtgage or in the L�an Agree�tQnt contained;- aad such defatslt shall cantinue � � '
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<br /> for.a..Period:o� thir�r. 4�t3�.d�ys aftsr �aritte:s tsctfcte s�acif�.ng suc�l tl�idilli:=_-- .... ..
<br /> , and requirf.ng the same;to lye ramedie� shall have been gfven to the Moxtgagor � ' � - � �. - �
<br /> by Mortgagee; . ' _ � , .
<br /> (cj the Mortgagor shall file a pstition in bankruptcy or be �
<br /> adjudicated a bankrupt or insolvent. or •shall iaake an assfgnment_for.the •
<br /> _ .
<br /> ene it of fts creditors, or shall consent to the appoinuaent of a receiver of
<br /> itself or of its property, or shall institute pr�ceedings for its '
<br /> . reorganization or proceedfngs instftuted by others for it� reorganization '
<br /> ' shall not be dism�ssed within ninety (90) days after the institution theneof; �
<br /> Cd) a receive�-or liquidator of the Mortgagds �� of any � '
<br /> ' substantfai pa�st��:�.of f ts property shall he appointes� a�:d the order .
<br /> appointing scsch se�e�ver ar liquidator shall not be vaZ.�.ted within ninety (90). �.
<br /> days aftes ��xe entry thereof; ' . `"
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<br /> (e) the Mortgagor shall forfeit or oth�xwise be�deprived of its • ' .:�
<br /> corporate charter or franchises, permits. easements os licenses required to
<br /> caFry on any rnaterfal portion of its business; �or �
<br /> (fy a fiisal nonappealable jua�g,xant in excess of $100,000 shall � � -
<br /> be en�eseW against the Moxtgagor and shall remain ures�tisfied or without a ' '; �
<br /> stay in respect t�:ereof for a perio� of thirty .(30y da�ts; then in each and �_
<br /> eve�y± sucd� case Md��gagee �aay, by notice in writing to the Moztgagor, declare ;
<br /> all unpaid �rincipal of attd accrued interes� m.� any or all Notes held by
<br /> Mortgagee,.e� bg due and payable immedi.ately; and upoa any such declaration all � • ;
<br /> such unpaid principal and accrued i�nserest so declaxe8 to be due and payable , 1:
<br /> shall becorrte and be due and payable ::�ttediately. anything contained herein or ��
<br /> in any such Note to the cor.tr�ry notwithsta��ing; provided, however, that if '
<br /> at any tfine after the unpaid principal of a�ac6 accrued interas� on any of the � �'�"
<br /> Notes shall have been so declared to be due and payai�ae, all paymeats in ����'�
<br /> respect of principa� and iaterest which shall have be�orae due and payable by
<br /> • the terms of such Note shall be paid to Moregagee, and all other defaults
<br /> • hereunder and under the Notes shall have been made gaod or secured to the
<br /> satisfaction of Mortgagee. then and in every such casa, Mortgagee may. tiy
<br /> . ..._._.. .__—__....wr.itten.notice to__.the Mortgagor.�-�anreul-such declaraGion �ar�declarations�and�--�--��----�-� � --�� ------- � � �
<br /> Waive such default or defaults aad the consequences thereof, but no such
<br /> waiver shall extend to or affect any subsequent de£ault or impair any right
<br /> consequent thereos�.
<br /> SECTION 4.02. � Remedies of Mortg�,�gg; if one or more of the
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