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HomeMy WebLinkAbout2706 completion ehall comply therewith and with tbe rulee oP tne Board ~'oY Fire IInderwritere heving 3uriediotion. 9. IIpon any failure by the Mortgagor t6 comply with or per-. form any of the terme, oovenante or oonditione oY tiiie Mortgege requiring the payment ot any amount oY money by the Mortgagor, other than the principal amount of the loan evidenoed by the Note, interest and other.chargee, ae provided in the Note, tbe Mortgagee may at ite option make eucb payment. Svery payment'eo made by the Mortgagee (including reaeonable attorney'e ieee in- curred thereby), with interQet thereon from the date of eucb pey- ment, at the rate of three percent (31~) per annum, eacept any payment~for which a different rate of intereet ie epeciYied berein, shall be payable by the Mortgagor to tbe Mortgagee on demand and ehall be secured by this Mortgage. Thie Mortgage with reepect to a~y euch amount and the interest thereon, ehall conetitute a lien . on the mortgaged property prior to any other lien attachin~ ar accruing eubeequent to the lien of thie Mortgage. . 10. The Mortgagee, by any of ite agenis or repreeentatives, - shall have the right to inspect the mortgaged property from time to ~ time at any reasonable bour of the day. Should the mortgaged pro- perty, or any part thereof, at any time require inepection, repair, •care or attention of any kind or nature not provided by thia Mort-_ gage ae determined by the Mortgagee in ite eole diecretion, the ~ Mortgagee may, aPter notice to the Mortgagor, enter or cauee entry to be made upon, the mortgaged property, and inepect, repair, pro- . k tect, care for or maintain euch property, as the Mortgagee may in ~ f - ` ite eole diectetion deem necessary, and may pay all amounte o~ . ~ money there~or, ae the Mortgagee ma3r in ite eole diecretion deem ~ rieceeeary. , 11. The principal amount owing on the Note together with in- ~ terest thereon and all other chargee, ae therein provided, and all s ~ other amounts of money owing by the Mortgagor to the Mortgagee pureuant to and aecured by thie Mortgage, eball immediately be- come due and payable without notice or demand upon the appointment of a receiver or liquid~tor, whether voluntary or involuntary, . for the Mortgagor or any ot the property oY the Mortgagor, or ~ upon the filing of a petition by or againet the Mortgagor under ~ the provieione oP any State ineolvency law, or under the provieione oY tbe Bankruptcy Act oY 1898, as amended, or upon the making by the Mortgagor ot an aeeignment Yor the benefit of the Mortgagor'e ~ creditore. The Mortgagee ie authori~ed to-declare, at ite option, all or any part oi euob indebtedneee immedistely due end psy~ble upoa tbe happening oi s~? o! tbe tolloMiag evente: ~ ~ 5~175~ ~2702 . ~ _ ~ . ~ _ ~ s: - r ~ z~_ - v - - ~ ~~__y .