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;a) Failure to pay the amount o~ any installment of prin-
cipa~ and interest, or other chargea payable on the ~
Note, which shall have become due, prior to the due
date o~ the next such installrnent;
(b) Nonperformance b~ the Mortgagor o~ any covenant, agree- .
ment, term or condition o~ this Mortgage, or of the
' Note (except as otherwise provided in aubdiv~sion (a)
~ h~eof) or of any other agreement hereto~ore, herewith
` or hereafter made by the~Mortgagor with the Mortgagee
in connectio~ with euch indebtednees, after t~e Mort-
gagor has been given due notice by.the Mortgagee o~ .
•such nonperformance;
(c) Failure of the Mortgagor to per~orm any covenant,
agreement, term or condition in any instrument creating
• a lien upon the mortgaged property, or any part thereof,
~ which shall•have priority~.over the lien o~ thia Mortgage;
{d) The Mortgagee's diacovery of the Mortgagor's failure
in any application o~ the Mortgagor to the Mortgagee '
to.disclbse 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 limited to, the Note and
this Mortgage) of any misrepreaentation by, on behal~
of, or ~or the benefit of, the Mortgagor; ~
. .
; (e) The sale, lease or other tranafer of any kind or nature ~
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o~ the mortgaged property, or any part therof, without
i
E the prior written consent oP the Mortgagee;
o -
~ The Mortgagee's failure to egercise any of ite rights hereunder
shall not constitute a waiver thereo~. All the eventa in th~e .
Paragraph enumerated upon the happening of any o~ which the Note
shall become, or may be declared to be, immediately due and payable,
are in this Mortgage called "eventa of default".
12. The Mortgagee may Yrom time td time cure each default .
under any covenant or agreement in any inatrument ~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
Mortgagee may exclusively determine, and each amount paid (if any) ~
by the Mortgagee to cure any such default shall be paid by the
Mort~agor to the Mortgagee; and the Mortgagee ehall also become
eubrogated to whatever righte the holder of the prior lien might
have under auch inatrument. •
~~177 ~1256
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