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mortgaged property, or any part tbereof, which shall have
priority over the lien of this Mortgage;
(d) Tbe Mortgagee's discovery of the Mort~agor's failure in any .
application of the Mortgagor to the Mortgagee to disclose aby
fact deemed by tbe '~ortgagee to be material, or of tbe making
therein, or in any of the agreemente e~tered into by tbe Mort-
gagor witb tbe Mortgages (including, but not limited to, the
. Note ~nd this Mortgage} of any mi~representation bq, on be-
half of, or for tbe benefit of, tbe Mortgagor;
(e) Tbe sale, lease or otber transfer of a~q kit~d or natnre o~
the mortgaged property, or any part thereof, witbout tbe ~
prior written consent of tbe Mortgagee;
The Mortgagee's failure to exercise any of it$ righta bereunder sball
r_ot constitute a waiver thereof. Al1 tbe events in tbis Paragrapt enum-
erated upon tbe happena.ng of .any of wbich the Note sball become, or may
be declared to be, immediately due abd payable, are in this Mortgage
called '~events o~ deYsult«.
12. The Mortgagee may ~rom tine ta time cure eacB default under any
covenant or agreement in any instrument creating a lie~a upon~tbe mort-
gaged property, or any part tbereo~, wbich shall bave priority over the •
lien o~ thia Mort~age, to sucb egtent as the Mortgagee ~ay exclusively
determine, and each amount paid (if a~y) by tbe Mortgagee to cure any _
such default shall be paid by tbe Mortgagor to tbe Mortgagee; and the
Niortgagee shall also become ~ubrogated to w8atever rigbte the bolder of
the prior lien might have under such instrument. ~
13. (a) After tbe bappening ot any default hereunder, the Mort-
gagor shall upo~ dema.~ad of tbe Mortgagee surrender poseession of the ~
nertgaged property to tbe Mortgagee, and tbe Mortgagee may enter 9ucla -
property, and let the same and collect all the rents tbere~rom whicb
are du~ or ~o become due, and applq the sa~e, after payment of all chargee
and expenses, on account Qf the indebtednesa herebq $ecured, and all sucb
rente and all leas~s e%isting at the time of aucb default are bereby
asaigned to the Mortgag~e as furtber security for the payment of the
indebtec~ness secured bereby; snd tbe Mortgagee may also dispossess, by
the u~ual summary proceedings, any tenant defaulting in tbe pay~ent of
any rent to tbe Mortgagee.
(b) In~the event that the Mortgagor occupies tbe caortgaged~pro-
perty or any part thereot tbe Mortgagor agrees to surrender posaeaeion
of sach property to the Mortgagee immediately a~ter any sucb default
hereunder, and i~ the Mortgagor remains in posseasion after such default,
such possession shall be as a~enant o~ tbe Mortgagee, and the Mortgagor
sha2l.pa,y fn advance, upon.dem~nd by tbe Mortgagee, as a reasonable montbly
rental for-the premises occupied by the Mor~gagor, ati amount at least
equivalent to one-twelttb o~ the aggregate of the twelve montbly install- -
mEnt~ payable in the current calendar year, plus tbe actual amount oY tbe
annual gr;,and rent, iY any, taxes, asseasments, water rates, otber gov-
ernmental chargea, and insurance preeinms payable in connection with the
mortgaged p~operty during such year, gnd upon tbe failure of tbe Mort-
gagcr to pay such montbly rental, the Mortgagor maq alsa be disposaessed
: by the usual stammary proceedings.applicable to tenants. This covenant
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