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9. That ths l~tortgaqor ~ill pay all taxsa, aesasement+s, vater ratea,
and in default theraof, the M~ortgaqee may pay the e~us?e.
10. That the whola of eaid principal eum ahall ina~aediatsly beca~e due,
at the option of the Mortgagee, after default in tha performance of
any of the term,s, pravieions, covenants, or aqreementa contained
in any prior mortqaqe that may be a auperior lien upon said premaiees ~
or should any action be co~mnenced to forecloee any euch prior neortqaqe. ~
11. That if default be made in payment of taxee, assessmenta, insurance
premiums or principal and interest due upon euch prior mortgaqe, and
if the default continues for a period of fifteen days, - the holder
of this mortgage ahall have the right to pay euch defaulted taxee,
asaessmenta, insurance pre~niums, or principal and interest on said
prior mortgage and the amounts so paid with intereat thereon at the
rate of 15 per cent per annum may be added to the indebtedness
secured hereby and shall be a lien pn said premises and be collected
as a part of the inc~ebtedness aecured by this mortgaqe and in the
event of any such payments of any of said defaulted ite~as, this
mortgaqe and the v~hole~indebtednese secured thereby shall,=at the
option of the holder thereof, without notice or demand, im~nediately
; become due and payable, although the time limit for the payment
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! thereof may not have expired and the said holder shall have the
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same rights and remedies as such fiolder would have if default were
made in the payments of the principal sum secured hereby, anythinq
~ herein or in said note contained to the contrary notwithstanding.
12. That the Mortgagor shall not enter into any agreement with the
holder of any prior mortgaqe modifying, alterinq or extendinq the
same in any manner whatscever without the written consent of the
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holder of this awrtgage; and in the event any such agreement alter-
inq, extending or modifying said mortgage,is made by the Mortgaqo=,
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~ without the written conaent of the•holder of this mortgage,:it ahall
~ - conatitute a default hereunder.
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13. That the Mortqagor and any subsequent cwner of the mortgaged ~
pre~nises here~Sy agree upon dmaand to execute an estoppel certificate ,
in recordable form indicatinq the principal and intereat due here-
under, and failure ~to execute said eatoppel certificate upon deiaand
shall conetitute a default of this mortgage.
aooK164 ~?~E1616
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