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83--si00~. portion of the Mortgaged Property which is fixtures or person- al property to be removed from the County or State where the real property is located. 2.3 In the event that any lien or security interest shall ever exist or be created which is on a parity with, or superior to, the liens and security interests created hereby, Grantor warrants that no default or event of default has occurred or will occur under any instrument or agreement creating or giving rise to such lien or security interest, .and covenants that Grantor will timely perform or cause to be performed all covenants, agreements and obligations required to be performed under or pursuant to the terms of any such instrument or agreement. Grantor covenants that no such liens ar security interests shall exist or be created, nor shall any other or additional indebtedness be created and secured thereby, without the express written consent of Holder (which consent may be withheld with or without cause). Nothing in this Section 2.3 shall be construed to authorize, either impliedly or expressly, the creation ar existence of any lien or security interest contrary to any warranty of title or covenant contained herein, nor the taking of any action by Grantor contrary to any covenant contained herein including, but not limited to, the covenants contained in Subsection 2.2(1) hereof. 2.4 Any and all covenants in this Mortgage may from time to time, by instrument in cariting signed by Holder and deliv- ered, be waived to such extent and in such manner as Holder may desire, but no such waiver shall ever affect or impair Holder's rights or liens hereunder, except to the extent so specifically stated in such written instrument. Article III--Respecting Defaults And Certain Remedies of Holder 3.1 The term °default," as used herein, shall mean the occurrence of any of the following everts: ta) the failure of Grantor to pay the Secured Indebtedness, or any part thereof, as it becomes due in accordance with the terms of the note or rotes which evidence it or when accelerated pursuant to any power to accelerate; or ih) the failure punctually and proper- ly to perform any covenant, agreement or condition contained herein; or {c) the breach by Grantor or any maker, co-maker or guarantor of the Secured Indebtedness of any covenant, agreement or condition contained in any other mortgage, deed of trust, collateral pledge agreement, security agreement, assignment, loan agreement or contract of any kind relating to the Secured Indebtedness, or any part thereof, or to the Mortgaged Property or any part thereof; or (d) the execution by Grantor or any maker, co-maker or guarantor of the Secured Indebtedness of an assignment for the benefit of creditors; or (eI the levy against the Mortgaged Property, or any part thereof, of any execution, attachment, sequestration or other writ; or (f) the appointment of a receiver of Grantor or any maker, eo-maker or guarantor of the Secured Indebtedness or of the Mortgaged Property, or any substantial part thereof; cr (g) the adjudieatior. of Grantor or any maker, co-maker or guarantor of the Secured Zndebtedness as a bankrupt; or (h) the filing by Grantor or any maker, co-maker or guarantor of the Secured Indebtedness either of a petition or answer for era adjudication as a bankrupt or seeking any other relief under any bankruptcy, reorganization, debtor's relief ar ia~solvsncy law now or hereafter existing; oz {i) the receipt toy Holder of information establishing that any representation ar warranty made by Grantor herein, or in any other document delivered by Grantor or any maker, co-maker or guarantor of _,_