HomeMy WebLinkAbout1303 .
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~ ~a) Fsilure to pay the amount o~ any inetallment o! priu-
, cipa2 snd intereet, or other ohargee peyable on tbe -
Note, whioh ehall have beoome due, prior to the due _
date o= the ne~ct euah inetallment;
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(b) Aonperto~noe by the Mortgagor o! any ooveaan~, agree- ~ ,
ment, term or condition of thie Mortgege, or o! the
• Aote (e:aept ae otherwiee provided in eubdivieion (a)
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~ hereoY) or o! an~? other agreement heretofore, herewitb
or hereapter made by the Mortgagor ~ritb the Mo~tgagee
in conneation with euob indebtedneee, a~ter the Mort-
.~gagor hs~e been g~ven due notiae by_the Martgagee o! .
•euoh~nonperiormanoe;
(a) Failure oP the Mortgagor to perform any covenant, -
~ agreement, term or oondition in any inetrument creating
- a lien upon the mortgaged property, or any part thereot, ,
which eball have priority.over the lien oY this Mortgage;
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(d) The Mortgagee's diecovery of the Mortgagor'a Ysilure
in any application oY the I~ortgagor to the Mortgegee
' to.diecloee any Yact deemed by ~he Mortgagee to be
' material, or o~ the making therein, or in auy ot the
. ~ agreemente entered into by the 1Kortgagor `vith the
Mortgagee (inoluding, but not limited to, the Note~and
thie Mortgage) oY any mierepreeentation by, oa behali
of, or tor the beneiit oY, the ~Iortgagor; ~
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(e) The eale, lease or othe~ traneYer oP any kind or nature
~ og tbe mortgaged property, or an,y part thero~, without ~
~ the prior written coneent of the Mortgagee;
The Mortgagee'e ~silure to eaerciee any of ite righte hereunder
shall not conetitute a waiver thereo~. g].l the evente in thfe •
Paragraph enumerated upon tbe happening oY any oY which the l~ote ~
ehall become, or may be declared to be, immediately due and payable,
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are in thie Mortgage callecl "evente of detault". ~
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12. The Mortgagee may from time to time cu.re each default ~ .
under any covenant or agreement in any in~trument~creating a lien
upon the mortgaged propertg, or any part thereof, which ehall have .
priority over the lien oP thie Mortgage, to euch ezteat ae the _
Mortgagee may eaclueively determine, and esch amount paid (i~ aay)
by the Mortgagee to cure aay euch aeYault ehall be paid by the ~
Mortgagor to tbe Mortgagee; and the Mortgagee ehall aleo become
eubrogated to whatever righte the holder o! the prior lien might _
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hsve~under eaoh iaetrumeat.~ _ ~
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