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<br /> cou�u of bus;r►e,y),da�ic,.:tiu:ti,plat or restriction(or�ltow any easeznent to become enforcenble by _
<br /> pr�i�tior�)covc�ing any portion of the Property,without Iiolder's priur writeen conscnt; __-
<br /> (tc) �wt,w�ithout�.'�x priar wri;ten�u of HoWv.�anu�anY �d��in8 ar exploration for, �-
<br /> o�cxtriqion,rpnaval or production of, any mineral,natura!element,compound or substance from
<br /> the surf'uce or subsurf�ce of the Land regardless of the depth thereof or t►�e method of minin8 ar -
<br /> extntctiau thereof;and _
<br /> (!) keep t�c Improve�nents and Accessories tww exi.stin8°r h�after erected on the Land �,
<br /> iawrod in accordance with Section 6.7 of the Loan Agrameat.
<br /> ARTICLE III =_
<br /> RFRpECTLhG D�Fr:t1l TS 111 RF EDIES QF HOLDER
<br /> Soction 3.1. R�f�tlt. The team"�fS111L"as usod herc,in. shall meaz�the occurrence of any -
<br /> oae or more of the following events:
<br /> {a) the failure oF refusal of Grantor to pay any sum of mon�Y in accordaztce w�t�the
<br /> Ol�ligations or any part tberoo� as it becom�s due and psyable,whether at the scheduled due date
<br /> thereof or whea accelerated pursuant to any Power to accelerate, or othervvise aftex the 8ivinS of
<br /> notice and the expirarioa of any tu�ae for the opportuaity to cure default as required by the Loaa -
<br /> Agreaneat;or
<br /> (b) the fsilure of Granto�w punctuaUy snd ProPeriY�afom�►observe or com�ly with any
<br /> covenant, agr�t,un��'8 or condition contained herein or in I,�an Doau�aents, or aay
<br /> res�ewal,modi8cation,rearrangenrent, ammdmatt or extension tI�reo�or in any otl�r instnuna�t
<br /> securistg, or in, aaY Loan Doc�ent afta the expiration of any time for the opportunity ta cure
<br /> - defautt('if any)as required by the Loaa Agrament;or
<br /> ��) �Y���al wnns�u+ed damage to or bss.the�ft,or destruction of aay of the Property,
<br /> or
<br /> _ (d) the Propaty or aaY Wrt thereof shall be anach�,seiied,levied upon or subjected to
<br /> a wrii or distress wan�aat, or come wi'thin the possession of any receiver, t�ustee� �ustodian or
<br /> �ig�gor the ba�of creditors;or if a decree or order is rendered by a court haviqg jurisdictioa
<br /> for the appointment of a recaver,wstee,or custodiaa for any asszts of Gr�ar',or
<br /> (e) except as pemaitted'neroin or in the Loaa A�reement, a notice of lieo, levy or
<br /> assessmeat is filed of record with respect to all or aay of Granto�s assets bY the United Ssates of
<br /> A��,o��Y�,aBmcY or inswnnentality theroo�or by any state,countY,municipal ur
<br /> �go�����g�e,y,i�ch�dic�g,without Iimitation,the Pension Ber�efit Guaraaty Corporatioa,
<br /> or if any taxes or debts owing at any tisue or fime�hereafter to aay one of them becomes a lien or
<br /> encumbrance upe�the Property or any oZher of Grantor's assets;.a
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