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(a) Failure to pay the amount o~ any inetallment o! prin-
cipal and intereet, or otber obergee payable on tbe ~
~ Note, which ehQ].1 have become due, prior to the due
date of the nezt euch inetallment; ~ -
(b) Nonperformanoe by the Mortgagor o~ a~y covenant, agree-
ment, term or condition of thie Mortgage, or o! the
' Note (eacept ae otherwiee provided in eubdivieion (a)
~
hereof) or o~ any other agreement heretofore, berewith ~
or hereafter made by the Mortgagor Mitb the Mortgsgee
in connection with euch indebtedneee, a~ter the Mort-
• gagor hae been given due notice by the Mortgagee ot .
~such nonperformanae; ~
(o) Failure of the Mortgagor to perform any covenant, ~
agreement, tera or condition in any inetrument creating
a lien upon the mortgaged property, or any part thereoY, .
which ahall bave priority.over the lien of thie Mortgage;
(d) The Mortgagee's diecovery of the Mortgagor's failure
in any application of tbe Mortgagor to the Mortgagee ~
. to diaclose an,y_fact deemed by ~he Mortgagee to be
material, or of the making therein, or in any ot the
agreemente entered into by the Mortgagor with the
Mortgagee (including, but not limited to, the Aote and
thie Mortgage) of any mierepreeentation by, on behal~
of, or for the benePit of, the Mortgagor;
i (e) The eale, lease or other tranefer of any kind or nature ~
l o~ the mortgaged property, or any part therof, without
~ the prior written consent oY the Mortgagee;
The Mortgagee'e failure to exercise any of ite righte hereunder
ehall not conetitute a waiver thereoY. All the evente in th~e .
Paragraph enumerated upon the happening of any oY which the Note
ehall become, or may be declared to be, immediately due and payable,
are in thie Mortgage called "evente of default".
12. The Mortgagee may trom time to time cure each default ~
under any covenant or agreement in any inetrument creating a lien
~ upon the mortgaged property, or any part thereoY, which ahall have
priority over the lien of thie Mortgage, to euch eztent ae the
Mortgagee may exclueively determine, and each amount paid (iP any)
by the Mortgagee to cure any euch default ehall be paid by the
Mortgagor to the Mortgagee; and the Mortgagee ehall aleo become
eubrogated to whatever righte the holder oi the prior lien migbt
~ ~i
have under euob inetrument.
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