HomeMy WebLinkAbout0907 (h) iP any of the events enumerated in clausea (d)
through (g) of thia Section 2.01 shall happen to the per-
son or ~entity, if any, gqarantyi.ng the obligattona of the
Mortgagor aecured hereby, or any such guarantor'e property;
-or
(i) if it ehall be illegal for the Mortgagor to pay
eny tax referred to in Seetion 1.08 hereof or if the pay-
ment of sueh tax by the Mortgagor would resvlt in the viola-
tion of the uaury lawa of the atate in whieh the Premisea
are located;
then and in every such case: i
I. During the continuance of any auch Event of Default, E
the Mortgagee,-by written notice given to the Mortgagor, may ~
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declare the entire principal of the Note then outstanding
(if not then due and payable), and all accrued and unpaid
intereat thereon, to be due and payable immedia~ely, and ~
,
upon any sucY± declaration the principa~ o~' the Note and
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~ said accrued and unpaid interest sriall become and be
. immediately due and payable, anything in trie Note or in
this Mortgage to the contrary notwithetanding;. ~
II. ~uring the continuance of any such Event of De- ~
fault, the Mortgagee per~onally, or by its agen*..s or
$ttorrie~s, may enter into and upon all or any part of the
Premise~, and e~ch and every~part chereof, and may exclude
the Mortgagor, its agent~ and servant~ wholly therefrom; ~
and having and holding the eame, may u~e, oper~te, manage ~
and control the Premiaea and conduct the business thereof, ~
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either personally or by it~ superintendents, managers, ~
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agent~, servants, attorneye or receivers; and upon every ~
such envey, the Mortgagee, st the expenae of the Mortgaged
Property, from time to time; either by purcr.age, repairs or
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