HomeMy WebLinkAbout1900 ~
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aompletion ehall oomply therewith snd with the rulee oY the Board
'•~oP Fire IInderwritere baving ~uriediotion.
9. IIpon any failure by the Mortgagor tb oomply with or per-
form any of the terme, covenante or aonditione o~ thie Mortgage
requiring the payment oY any amount oY money by the Mortgagor,
other than the principal amount of the loan evidenced by tbe `
Note, intereet and other chargee, ae provided in the Note, tbe i
Mortgagee may at ite option make euch payment. Every payment eo
made by the Mortgagee (including reaeonable attorney'e Yeee in-
curred thereby), with inter~et thereon from the date oY auch psy-
ment, at the rate of three percent (39~) per annum, eacept any
payment ~or which a different rate of intereet ie epecified herein, :
ehall be payable by the Mortgagor to the Mortgagee on demand and
ehall be secured by thie Mortgage. Thie Mortgage with reepect to
any euch amount and the intereet thEreon, ehall conetitute a lien #
on the mortgaged property~ pripr to any other lien attaching or ~
accruing eubeequent to the lien of this Mortgage. • `
10. Tbe Mortgagee, by any of its agentrdor repreeentativee,
shall have the right to inepect the mortgaged property from time to
~ time at any reaeonable hour of the day. Should the mortgaged pro-
perty, or any part thereof, at any time require inepection, repair,
care or attention oY any kind or nature not provided by this Mort-
gage ae determined by the Mortgagee in ite sole diecretion, the
Mortgagee may, after notice to the Mortgagor, enter or cauee entry
to be made upon, the mortgaged property, and inepect, repair, pro-
~ tect, care Yor or maintain euch property, ae the Mortgagee may in :
! its eole diacretion deem neceeeary, and may pay all amounte of
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money tberefcir, as the Mortgagee may in ita eole diecretion deem
neceeeary. . ;
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11. The principal amount owing on the Aote together with in-
tereet thereon and all other chargee, ae therein provided, and all
other amounte o~ money owing by the Mortgagor to the Mortgagee
pureuant to and eecured by this Mortgage, ehall immediately be-
come due and payable without notice or demand upon the appointment
of a receiver or liquidator, whether voluntary or involuntary, ~
for the Mortgagor or any of the property oi the Mortgagor, or
upon the filing of a petition by or against the Mortgagor under ~
the provieiona of any State ineolvency law, or~under the provieione ~
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~ of the Bankr~tptcy Act of 1898, as amended, or upon the making by
the Mortgagor of an aseignment Yor the bene~it oY the Mortgagor'e
creditore. The Mortgagee ie authorized to declare, at ite option,•
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all or any part of euch iadebtedaeee immediately clue and payable
~ upon the hQppening of any oP the ~ollowing eventes ~ ,,~f~
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~ ao~175 PAGE1897
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