HomeMy WebLinkAbout0920 completion shall comply therewith and with the rulee of the Board
~~o~ Fire IInderwri~tera having 3urisdiction.
9. IIpon any failure by the Mortgagor tb comply with or per-
form any of the ter,ns, covenants or oonditions o~ this Mortgage ~
requiring the payment of any amount of money by the Mortgagor,
other than the principal amount of the loan evidenced by the
No~ce, interest~aand other.charges, as provided in the Note, the
Mortgagee may at ita option make such payment. Every payment ao
made by the Mortgagee (including reasonable attorney's fees in-
curred thereby), with interQst thereon from the date of auch pay-
ment, at the rate of three percent (39~) per annum, except any
payment for which a different rate of interest fa apecified herein, .
shall be payable by? the Mortgagor to the Mortgagee on demand and
shall be secured by this Mortgage. This Mortgage with reapect to
an,; such amount and the interesst thereon, ahall conatitute a lien .
on the mortgaged property pripr to any other lien attaching or
accruing subsequent to the lien of this Mortgage. •
10. The Mortgagee, by any of its agenis or representativea, .
shall have the right-to inspect the mortgaged property from time to
time at any reaaonable hour of the day. Should the mortgaged pro-
perty, or any part thereof,~at any time require inspection, repair,
care or attention of any kind or nature not provided by thia Mort-
gage as determined by the Mortgagee in ita 9ole diacretion, the ~
Mortgagee ,:.ay, after notice to the Mortgagor, enter or cause entry
~ to be ma.de upon, the mortgaged property, and inapect, repair, pro-
tect, care for or maintain such property, ae the Mortgagee may in
its sole discretion deem nece9sary, and may pay all amounts of ~
money therefor, as the Mortgagee may in ite eole discretion deem
necessary. .
11. The principal ~mount owing on the Note together with in- ~
terest thereon and a17. other charges, as therein provided, and all
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other anounta of money owing by the Mortgagor to the Mortgagee
pursuant to and secured by thia Mortga~e, shall immediately be-
come due and payable without notice or demand upon the appointment
of a receiver or liquizator, whether voluntary or involuntary,
for the Mortgagor or any of the property of the Mortgagor, or
upon the filing of a petition by or against the Mortgagor under
the provisiona of any State insolvency law, or under the proviaione~
of the Bankruptcy Act of 1898, a9 amended, or upon the making by
_ the P4ortgagor of an assignment for the bene~it of the Mortgagor'e
creditors. The Mortgagee ia authorized to declare, at ita option,
all or any part of such indebtedness immediately due and payable
upon the happening of any of the tollowing events:
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