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Home My WebLink About0492 _F , ' ' ' - 7 - mor~~so~d pro~erty, or a:~y part thereof, whic" shall nave f priority over the ~~ien of this Mortgage; (d) ^'ne I?~ortgagee's d~ scovzry o~ the Mortoa~,er' ~ failure in anJ ; application o~ the ,•:or~gager to the Mortga~ee ~o disclose any ?ac ~ cieemed by the j~'ort~agee to be matzrial, or of the aaking t~erein, or in any oi the agree~ents entered ir.to by the Mort- ;agor with the i~ortgagee (including, but not linited to, the ~ I~ote and zhis ~icrtgage) of any misrepresentation by, on be- half of, or ior the benefit of, the Mortgagor; (e) Th~ sale, le2se or other trans~e~ ~f ~~y kind or r.ature of ~ the mortgaged property, or any part thereof, without the prior written consent of the Mortgagee; ine Mortgacee'~ iailure to exercise any of its rights hereunder shall i:ot constitutz a waiver thereof. All the events in this.Paragrapn znum- _ - - - _ _ _ . _ - - _ - _ erazed upor. the :~.appening oz any of which the Notie s a ecome, or may be decl~red to be, in.aediately due and payable, are in this i~Iortgage C31.~.@t~ n a~~An±S ~ f G~ E'f3!~~ u. . 12. T'ne :~ortgagee nay from time to ti~e cure each default under any cavenant or agreement in any instr~:~ent creating a iien upo:~-the nort- ~aged property, or any part theraof, which shall Y~ave priority over the I~en oi this ~Ior~oage, to such extent as the Mortga~ee nay exclusively ::etersine, and each amou;~t paid ( if any) ~y the ~iortgagee to cure ary such de~ault shall be paid by the Martgagor to the ~~+Iortgagee; and the :iortgagee shall a~so ~ecome subrogated to whatever rights the holder of t'ne prior lien mig?~t have under sucY~ instrument. n~±o~ ±~o _.,~preni~g of any default hereunder, the ~iort- ! ,~agor s:~~.1= uvon demand of ~he 1~Iortgagee surrender possessi~n of the ; ~~rtgaged prope~ty to the i~:ortgGgee, and the 1~Ior~g2.gee may enter such ~ r.roperty, and le~ thz sa.me ard collect all the rents therefrom which € ~re due or to beco~e aue, and apply the same, after payment of all charges s ~ and expenses, on accoun~ of the indebtedness hereby secured, and all such : i rents and all leases existing at the tine of sucY~ default are hereby ~ssigned to t'r.e i~ortgagee as ~urther security for the Fayment of the ;ndebtedne~s secured hereby; and the ~ortgagee may also dispossess, by ~ ~:~e usual sura~ary proceedings, any tenant defaulting in the payment of ~ ~..y rent to the N~ortgagee. ~ , ~ (b) ~n ~he event t?~at the 2~Iortgagor occupies the raortgaged pro- ~ :,~rty or a::;~ part ~'nereof the ~iortgagor agrees to surrender possession ~ suc?~ pro~er~y to the :~ort~agee immediately after any such default ' '~ereunaer, ar.c i~ the s~ort~agor remains in possession after such default, r r ~uc:~ possession s?~al~ be as a tenant of the ~tortgagee, and ~he i{ortgagor ~ ~ ~.:a1= in advancz, upan demand by the I~iortgagee, as a rezsonable ~onthly a :~ntal f~r ~he prem~ses occupied by the i~iortgagor, an amounL at ?east ~ ~:uivaie:~t to one-t~,relfth of ~he ao~regate of the twelve monthl~ install- ~ =er ~s pa;~ab~e ~n t'r~e current calendar year, plus the actual amoun ~ of the ~ a-:~nua? ground rer,Z, if any, taxes, assessments, water rates, other gov- ~ ernmen~al c?~sz_~;es, and insarance ~remiums payable in connection with the ~ ~ ::~ortgaged ~ro~erty during such year, and upon the failure of tne Mort- ~ va~or tc pay sucn ma;~ ~Yily rental, the Niortgagor may -also be dispossessed ~ the usual summary proceed~ngs applic~b~e to tenants. This covenant ~ SOGf( ~S~ PJIGf - ~ ~ ~ _ k~~.-: ~-~3-r. _ _ .e-. . _ Y~__ . v.,E~