Common use of Default; Acceleration Clause in Contracts

Default; Acceleration. This Note is secured by that certain Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of March 10, 2015 by Borrower for the benefit of Lender, recorded in D▇▇▇▇ County, Florida, and that certain Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of March 10, 2015 by Borrower for the benefit of Lender, recorded in Clay County, Florida (collectively, the “Mortgages”). Upon the occurrence and during the continuance of an “Event of Default” (as defined in either of the Mortgages), then, or at any time thereafter, the whole of the unpaid principal hereof, together with accrued and outstanding interest and all other sums required to be paid under this Note or the Mortgages (including the prepayment premium hereinafter described) shall, at the election of Lender and with prior notice of such election, become due and payable. Lender’s election may be exercised at any time after any such event, and the acceptance of one or more payments hereon from any person thereafter shall not constitute a waiver of Lender’s election, or of its option to make such election.

Default; Acceleration. This Note is secured by that certain Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of March 10, 2015 by Borrower for the benefit of Lender, recorded in D▇▇▇▇▇ County, Florida, and that certain Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of March 10, 2015 by Borrower for the benefit of Lender, recorded in Clay County, Florida (collectively, the “Mortgages”). Upon the occurrence and during the continuance of an “Event of Default” (as defined in either of the Mortgages), then, or at any time thereafter, the whole of the unpaid principal hereof, together with accrued and outstanding interest and all other sums required to be paid under this Note or the Mortgages (including the prepayment premium hereinafter described) shall, at the election of Lender and with prior notice of such election, become due and payable. Lender’s election may be exercised at any time after any such event, and the acceptance of one or more payments hereon from any person thereafter shall not constitute a waiver of Lender’s election, or of its option to make such election.

Default; Acceleration. This Note is secured by that certain Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of March 10October 9, 2015 by Borrower for the benefit of Lender, recorded in D▇▇▇▇ County, Florida, and that certain Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing dated as of March 10December 8, 2015 by Borrower for the benefit of Lender, recorded in Clay D▇▇▇▇ County, Florida (collectively, the “Mortgages”). Upon the occurrence and during the continuance of an “Event of Default” (as defined in either of the Mortgages), then, or at any time thereafter, the whole of the unpaid principal hereof, together with accrued and outstanding interest and all other sums required to be paid under this Note or the Mortgages (including the prepayment premium hereinafter described) shall, at the election of Lender and with prior notice of such election, become due and payable. Lender’s election may be exercised at any time after any such event, and the acceptance of one or more payments hereon from any person thereafter shall not constitute a waiver of Lender’s election, or of its option to make such election.,