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(a) Failure to pay the amount of any installment of prin-
cipal and interest, or other charges payable on the ~
. Note, which shall have become due, prior to the due
date of the next auch installment;
Nonperformance by the Mortgggor of any covenant, agree-
ment, term or condition of this Mortgage, or of the
' Yote (except aa otherwise provided in subdivision (a)
hereof) or of any other agreement heretofore, herewith
or hereafter made by the ~+Iortgagor with the Mortgagee
in cannection with such indebtedness, after the Mort-
gagor has been given due notice by the Mortgagee of
such nonperformance;
(c) Failure of the Mortgagor to perform any covenant, ,
agreement, term or condition in any instrument creating
a lien upon the mortgaged property, or any part thereof,
which shall have priority over the lien of this Mortgage;
(d} The Mortgagee's discovery of the Mortgagor's failure
- in any application of the Mortgagor to the Mortgagee
to disclose any fact deemed by ~he Mortgagee to be
material, or of the making therein, or in any of the
agreements entered into by the Mortgagor with the
riortgagee (including, but not limited to, the Note and
this Mortgage) of any misrepresentation by, on behalf •
of, or for the bene~~t of, the Mortgagor;
(e) The sale, lease or other transfer of any kind or nature
~ of the mortgaged property, or any part therof, without .
~ the prior written consent of the~Mortgagee;
~
~ The Mortgagee's failure to exercise any of its rights hereunder
~
shall not c~nstitute a waiver thereof. All the events in this
Paragraph enumerated upon the happening of any of which ~he Note
shall become, or ma.y be declared to be, immediately due and payable,
are i~ this ~tortgage called "events of default" . ~
12. The Mortgagee may from time to time cure each default
under any covenant or agreement in any inatrument creating a lien
~ upon ~he mortgaged property, or any part tl~ereof, which sr.all have
~ pr~ority over the lien of this Mortgage, to such extent as the ,
i4ortgagee may exclusively determine, and each amount paid (if any)
by t'ne Mortgagee to cure ang such default shall be paid by the
Mor~~agor to tne Mortgagee; and the Mortgagee shall also becone •
su3rogated to waatever rights the holder oY the prior lien might
r~ave under suca instrument.
~~~75 ~~~02
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