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<br /> <br />r <br /> <br />84 - 00.'4.1' <br /> <br /> <br />53. Mortgac-or understands that in.making this l~.MO <br />is rely1ncto a material extent upon theb\lsiness,experU$e <br />worth of Mortgagor and upon the contlnuinc, il'ltere~t <br />has In the real property dUc:rlbed 11'1 the Mortl.!>~ <br />~~.d..u .ACCOrdlncli. 11'1 the event <br />directly or indirectli, voluntarily or involun <br />tranafer, dispose of,or further encUlltber ors <br />other lien against al.l or any portion of or any <br />property described in the Mo~e, then. or aT. <br />Mortgagee, at its option, lIIllY declare the entire <br />dencedhereby illl1lBediately due and payable, but <br />JOINT VENTURE's partnership interest shall be <br />and until: <br /> <br />(1) Less than f'i fty (50s) percent in the <br />of the interest in the prof'its, losses and capital <br />JOINT VENTURE is owned by persons who are the <br />ployed by Jacobs, ViSCORSi & Jacobs Co. or any entity <br />affiliate of Jacobs, Visconsi & Jacobs Co., or the heirs <br />sona! representatives of any such deceased principal or <br />and <br /> <br />(ii) One or more of Richard E. Jacobs, David H. Jacobs <br />or Martin J. Cleary are not the Managing Partner(s) of CONESTOGA <br />JOINT VENTURE (which term, for purposes hereof, shall mean the <br />partner(s) with the sole to manage the day-to-de7 affairs <br /> <br /> <br /> <br />as Managing Partner due to death or disability, <br /> <br />in which case Mortgagee at its option may declare the entire indebted- <br />ness evidenced hereby immediately due and payable. <br /> <br />54. Notwithstanding any provisions, herein or in the Note <br />to the contrary, if Mortgagor, as Lessee, is entitled to exercise <br />and does exercise the option to purchase set forth in Section 31 <br />of the Ground Lease prepayment hereof and of the Note secured <br />hereby shall be made; there shall be no other right or privilege <br />of prepaYlllent. <br /> <br /> <br />if' <br /> <br /> <br />_J <br />