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(a) Fa~lure to pay the amount of any installment o~ prin-
cipa2. and interest, or ottier charges payable on the ~
Note, which shall have become due, prior to the due
date of the next such installment;
(b) Nonperformance by the Mortgagor of any covenant, agree-
ment, term or condition of thie Mortgage, or o~ the
' Note (except as otherwise provided in subdiviaion (a)
~ h~eof) or of any other agreement heretofore, herewith
or hereafter made by the~Mortgagor with the Mortgagee
in connection with auch indebtedness, after the Mort-
gagor has been given due notice by.the Mortgagee of . ~
~•such nonperformance;
(c) Failure of the Mortgagor to perform any covenant,
agreement, term or condition in any instrument creating
- a lien upon the mortgaged property, or any part thereof, .
which ahall have priority.over the lien of thia Mortgage;
(d) Ihe Mortgagee's discovery of the Mortgagor's failure
in any applicati on of the Mortgagor to the Mortgagee ~
to.disclose any fact deemed by ~he Mortgagee to be
material, or of the making therein, or in any of the
. agreementa entered into by the Mortgagor with the
Mortgagee (including, but not limitec~ to, the Note and
this Mortgage) of any misrepreaentation by, on behal~
of, or for the benefit o~, the Mortgagor; ~
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i (e) The sale, lease or other transfer of any kind or nature ~
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~ o~ the mortgaged property, or any part therof, without ~
the prior written consent of the Mortgagee;
rr ,
The Mortgagee's failure to exercise any of its rights hereunder
shall not constitute a waiver.thereof. All the events in th~e .
Paragraph enumerated upon the happening of any of which the Note
shall become, or may be declared to be, immediately due and payable,
are in this Mortgage called "evente of default".
12. The Mortgagee may from time t0 time cure each default
under any covenant or agreement in any instrument~creating a lien
upon the mortgaged property, or any part thereof, which shall have
priority over the lien of this Mortgage, to such extent as the
Nortgagee may exclusively deter~aine, and each amount paid (if any) ~
by the Mortgagee to cure any such default shall be paid by the
Mortgagor to the Mortgagee; and the Mortgagee shall also become
$ubrogated to wnatever rigbts the holder of the prior lien might
have w~der such instrument. ~
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