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<br />i7. Transfer of the Property; Assur~tion. If the Borrower or any successor
<br />in3nterest to Property s d, without the prior written consent of
<br />the Lender, seal, convey, transfer, or alienate tie Property, or any part
<br />thereof, or any interest therein or be divested of its title or any
<br />interest therein in any manner, whether wluntary or inwluntary, or if
<br />ttte Borrower or any successor in interest to the Property is a corporation,
<br />partnership, or joint venture, and more than fifty percent (50/) of the
<br />cNmershig of the corporation, partnership, or joint venture is, without
<br />the prior written consent of the Fender, sold, conveyed, transferred, or
<br />alienated, either voluntarily, or involuntarily, than the Lender shall
<br />have the right at its sole option to declare any and all indebtedness or
<br />any other obligation secured hereby, inmediately due and payable.
<br />Yot Less than thirty (30} days prior to any sale or transfer, Borrower
<br />shall notify Lender in writing of the proposed sale or transfer and shall
<br />provide Lerxier caith such information concerning the terms and conditions
<br />of the sale or transfer and the creditororthiness and financial condition
<br />of the proposed purchaser or transferee as Lender may require.
<br />Any agreerent regarding Lender's waiver of its option to accelerate must
<br />be in writing and reached prior to the date of sale or transfer. Waiver
<br />of any right granted to the Lender by the provisions of this paragraph as
<br />to one transaction, event or occurrence shall not be deemed to be a waiver
<br />of any right as to any subsequait transaction, event or occurrence.
<br />If the ownership of the property becomes vested in a person(s), corporation,
<br />partnership or joint venture other than the Borrower, the Lender may, without
<br />notice to the Borrower, deal with such successor or successors in interest
<br />with reference to this mortgage and the debt hereby secured as tirith the
<br />Borrower, and may forebear to sue, alter time for payment of the debt, change
<br />the interest rate andlor the payments of the debt hereby secured, without
<br />discharging or in any way affecting the liability of the Borrower(s)
<br />hereunder or upon the debt sectffed.
<br />If Larder exercises such option to accelerate, Lender shall mail Borrower
<br />notice of acceleration i.n accordance c~~ith paragraph 14 hereof. Such notice
<br />shall provide a period of not less than 30 days from the date the notice
<br />is mailed within which Borrower may Pay the sums declared due. If Borrower
<br />fails to pay such sums prior to the expiration of such period, Leader c.~y,
<br />without further notice or demand on Borrower, invoke any reoedies permitted
<br />by paragraph 18 hereof.
<br />4. Execution by Larder of this Agreement shall be deemed consent to acquisi-
<br />tion of the aforesaid title by Transferee, but in no way shall be construed as consent
<br />to any subsequent transfer of said title.
<br />5. This Agreement applies to, inures to rice benefit of, and binds all
<br />parties hereto and their respective heirs, legatees, devisees, administrators, executors,
<br />successors and assigns.
<br />6. in this AgT.-eemEnt ~enever the context so requires, the masculine gender
<br />includes the femine and neuter, the si.~ular number includes the plural ~d the plural
<br />nus~ber includes the singular. If this Agr~ent be executed by more them one Berson,
<br />firm or corporatim, the obligaticx~s of each such person, firm or corporation here-
<br />under shall be joint and several.
<br />7. fio correct a typographical error in the sixth paragraph c~ Page 1 of
<br />said ~e dated .Tory 28, 1977, Transferee and Guarantor agree that said paragaph
<br />shs3.1 b$ deleted in its entirety and the following paragraph substituted therefor:
<br />Pie ~ of w
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