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Home My WebLink About0636 i - O - ! • • . s s ..._::ou:~t of t'ae ? o~n evidenced by ~'r~e ~iote, ~ interest ar.d ~~hez• cY:;~r~fe~, ~:s t ~~vid~d ir. t~.e ~o t're i~:or~davee ~~:~y ati its option .~a'.~ce such ~aynent. ~ ~vzry pay~ent sa ~;~~:e ~y t:~e ~''orz~aoee (includino reason~bla attiorney's ~ ~~es ir.currzd zi:ereby} , wit:~ interest thereon =roa~ tY:e dste ~f such pay- ~ :..~~nt, at t~:e rate o~ t?~ree ~zr cent (3~). per anr.um, except any payment - ~ _~r ~~hich a diffzren~ rw~e of in~arest is specified 'nerein, s'na~l ~e pay- ~ ~:cle by the Tiortt agor ~a the Mortoagee o ~ deman3 anci s'nall Le s~curen ty ~ ~'.~is I~ort~u~e. mhis 'riortba~;e with respect to any such amoun~ a::d the ir.- ~erest thereon, sha~l constitute a lien on tne ~:o~tga~ed pronerty prior ~o any otner lie:~ a~taching or accruing subsequent to the lien of this .~:ortaage . ~ ~ 10. ~'he Niort;agee, oy ar.y of its agents or representativss, shall ~ :_ave the right to inspect the aortgaged property from time to ti~e at any reasonable h~ur oi t:~e ciay. Shouln the ~or~gaged praperty, or any part ~-'_^.ereof, at ar,y time require inspect~c::, repair, care or atz?ntion of any ' '~:ind or nature not provided by this Mo~tgage as determined by the Mort- ;-~.gee in its sole aiscretion, the ~ortgagee may, aiter notice to the :~:ortgagar, enter ar cause entry to be made upon, th~ mortgaged property, .~nd inspect, repair, protect, car~ for or ~aintain such propsrty, as the ::ortga~ee ~ay in its so~e discretion deem necessary, and may-pay all ~.u~unts o~'raoney therefor, as the Mortgagee may in its sole discrztion ;eem necessary. 11 . The pr~:~cipal 2.noun ~ awing an the ilote toget~er with interest ~~:ereon and all other c~arges, as therein provided, and all otner amounts raoney owino by t:~e Nortgagor to the ~~lortgagee pursuant to and secured '~y this :~ortgage, s:~all immedia~ely become due anc payable with~ut notice r demand upon ~he appointment of a receiver or liquidator, whetY~er vol- ` ~ ' °~rtary or ir.voiu:~tary, for tne ~:or ~gagor or any ~of the property oi the _ i ~ r~gagIIr,-~r--upan-t~rg- ' . y etiti-oYr--by---o'r-a~t~~s~-t*:z- ; ,;.nder ~he ~rovi~sf.o~G of any State insolvency law, or under ~he provi- ~ ~~ons of t~e ~an'~rupzcy Act oi 18a8, as amended, or upon ~he making by ~ € ~'~~z ~ortgagor af an assignment for tY~e benefit o~ the Martgagor's cre- ~ ~ uitors~. The Yortgagee is author~zed to declare, at its option, all or ' ~~^y part o~ suc:~ inde'~tedness inmediately due and payable upon the happening ~ . ~ any of ~he ro~lowing events: ~ ~ (a) railure to ~ay the amount of any installment of principal ar,d interest, or other charges payable on the 1VTote, which ~ ~ s:~all 'r.~.ve beco~e due, prior to the due date of the next ~ ~ ~ sacn insta~lment; 2~onper~ornar,ce by the ifiortgagor oi any covenant, agreement, ~er:a or conditior. of this Mortgage, or of the ~ote (except ~.s otherwise provided ir. sucdivision (a) ?~ereoz) or of any - ~ - ~~:er ~,oree~ent heret~fore, herewith or hereafter r~ade by 4 ~re ir~r~oagor with the Mortoagee in connectior suc i ~ - ~~:1GE~.Utedness, after t'ne i~:ortgagor has been given due notice c,;~ t:~e i.artgaQee oi suc~ nonperformance; ~c) ~ai~?ure of t'r:e i~iortgagor to per~orm any covenant, agree~:lent, . ~e-rm or condi ~ion in any instrument crea-ting a lien upfln t:~e ~ ~ - gooK 1~3 PAGE 636 ~ - ~ ~ - - - ~ _ ._.~_z~ _ . _ ~ _ . ~__Y~r~~