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Home My WebLink About0449 . ~ ' ~ . " ~ - 7 - mortgaged property, or any part thereoY, which shall have priority over tbe lien of thia Mortgage; ~ (d) The Mo~tgagee'e discovery of the Mortga$or's failure in any application of ~he Mortgagor to tbe Mortgagee to disclose aby fact deemed by the ''lortgagee to be m~terial, or of tbe aQaking therein, or in any of the agreeme~ts entered into by the Mort- gagor with the Mortgagee (including, but not limit~d to, tbe . Note a~d this Mortgage) of any~ misrepresentation bq, on be- h~lf of, or ~or tbe benefit of, tbe Mortga~or; (e) Tbe sale, lease or other transfer of a~y kind or nature of the mortgaged property, or any part thereof, witbout tbe prior written consent of tbe Mortgagee; The Mortgagee's failure to ezercise any of it~ rights bereunder aball . not constitute a waiver thereof, All the events in tbia Paragraph enum- erated upon tbe bappening of any of which tbe Note sbal-1 become, or may be declared to be, immediately due and.payable, are in this Mortgage called '~events of default". , 12. The Mortgagee may ~rom time to time cure each default under any covenant or agreement i~1 any inatrume~t creating a lien upon~the mort- gaged property, or any part tbereof, whicb ~hall Yyave priority over the ~ lien of ~his Mortgage, to sucb egtent as tbe Mortgagee may egcluaively determi~e, and each amount paid (if any) by tbe Mortgagee to cure any . sucD default ahall be paid b~ the Mortgagor to tbe Mortgagee; an3 the Mortgagee sbsll also become subrogated to whatever rigbts tbe bolder o~ tbe prior lien might have under such instrument. 13. (a) After the happening of any default hereunder, the Mort- gagor sball upon demand oY t~ie Mortgagee surrender po~session of the nortgaged property to tbe Mortgagee, and the Mortgagee ma.y~ enter eucb property, and let the saate a~d col~.ect all tbe renta therefrom whicb are due or to become due, and apply tbe same, after payment of all cbarges and expenaes, on account oY tbe indebtedness hereby $ecured, and all aucb rer,ts and all leases ezisting at the ti.me of aucb deYsult are bereby assigned to the Mortgagee as further aecurity Por the payment of tbe ;ndebtedness secured bereby; a~ad the Mortgagee may aleo disposses9,- by ~ ~ the usual summary proceedings, any tenant defaulting in tbe payment oY ; a~y rent to tbe Mortgagee. . ~ . k . ~ (b} In the event tbat the Mortgagor occupiea-~he mortgaged pro- p~rty or any part thereof tbe Mortgagor agree9 to aurrender posseasion . oY such p~operty to the Mortgagee immediately a~ter any such default hereunder, and if the Mortgagor remains in possession a~ter sucb default, such possesaion shall be as a tenant of tbe Mortgagee, and the Mortgagor shall pay in advance, apon demand by tbe Mortgagee, as a reasonable mobthly rental•for the premisea occupied by t~e Mortgagor, an amount a~~ least ~ equivalent to obe-twelf~th aY tbe.aggregate oY tbe twelve monthlq install- ` nents payable in the current calendar year, plu~ tbe actual a.mount of the ; ~ annual ground rent, iY any, taxes, assesaments, water rate$, otber gov- ernmentGl charges, and insurance premiums payable in connection witb tbe ~ ncrtgaged propertp during eucb year, and upon tbe failure oY the Mort- gagor t~ pay sucb monthly rental, the Mortgagor may also be diapossessed ~ ~ by tY:e usual su~mary proceedi~g9 app].~.~a e to tenants. This covenant ' s00X PA~E 447 , _ r ~ F~ ~ : - _ ~ ~ 3sit s. _ _ Y~ ~5~~~ ~ ~ ~ ~..Rv'~