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_,_~ount oi the loan evide;~cad by the Note, in ~erzst ann o~~:er chargE~, as
_ ~OV].Clc.7. .T; ~~'l@ ;1i.T,~ ~ ~'i.i':v i~i0rt~ ; ;CZ L"3`f ;xt l~S 0~;~? OYl ^.1'S~2 SU~fl ,.,ay~ent.
ery ~.ay:~en ~~so ~3de ~y t:~e ~~or ~Qa;ee ( includi~g reasonub? e at ~orney' s
~~es ~ncurrad taereby), wiih in4erest therear. ~ro~ t?~e date af such pay- ~
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ant, at ~ha r3te of ti:ree ~er cent (3~) per annu~n, e~ccept a:~y pay~ent ~
~~r which a differen~ rate o~ interes~ is specifiec :~erein, shall be pay- i
~~:,~e by th~ ~?ortgagor to the iiortga~ee on de~and ard sha11 b~ secure3 by ;
:'^is I~?ortgw;e. T'nis ::crtoage witr, respect to any such anour:i and the in- !
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-erast thereon, sha~ i c~;~sti~ute a lien on ti~e :iortoaged pro: er ~y prior ;
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any other lier, a~taching or accruing subsequent ta the l;en o~ this i
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.•:~rtgage. ~
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10. ~':~e Iiortoagee, by any oi its agents or re~resentatives, shall ;
_~~ave the r~~ht t~ inspect zhe mortgaged property from tims to tine at any '
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=rzasonaole nour cT the day. ~hould tY:e mor~gaged property, or any part ~
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~nereof, at any time require inspection, repair, care or at~ention of any'
_:in3 or r.a~ure not provided by this Piortgage as determined ~y the Mort- ~
yage4 in its sole disc?^ztion, the Mortbagee may, after notice to the ~
_:~rtgagor, en~er or cause e:~try to be made up~n, the mortgag~d property,
wnd inspeat, repair, protect, ~are for or ~aintain such property, as the ~
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=~:ortgagee ~ay in i Ls sole ci:Lscretion deem necessary, and may -pay all
:~~ounts oi noney tnereior, as tihe ~:ortgagee may in its sole discretion :
:.~em necessary.
11 . T'ne princival a.mount o~ti~~ng on the 1Tote toget~er wi ~h-'i nterzst ~
~:.ereon and all other c~arges, as therein provided, and all other a.~ounts z
;L money owing by the ~ortgagor to the Mortgagee pursuant tv and secured ~
~.~,y this ;~o~tga~e, shail immediately beceme due and payable without notice
_d.~3nd ;~~n t'r<e a~vo~ntnent of a receiver or liouidator, whet~er vol.-
:~ntary c= invo~unzary, ~or the ~:ortgagor ar any o~ the prcperty oi t e
::~r ~gagor, or upor. -t'ne i~ iin; of a petitior. by or against t~e Prortgagor
~~rder the :rovisions of any S~ate insolvency law, or under the provi-
~-ans of ~~e Bar.'~ruvtcy Act of 9898, as ar~.ended, or upon the making by
~::e r~ortg~~or ol ~.n assign~er.t for the benefit of the ti.ortgagor's cre-
~ors. i'c,e i~iortgaoee is aut'nor~zAd, to declare, at its opti~n, all or
a^y part ai suc'r: i~deotedness immediatsly due and payable upon tY~e happening
any of zhe following evenzs: - ~ ~
(a) railure to pay the ~oun~ of any insta~lnent oi prinei~al
, ar.~ ~cterest o~ ot'cer char es ~
i , g payable on the ~ote, which
shall nave become due, prior to the due date oi the next
suc'n ins ~allment; r
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Vorper~orna:~ce bJ tne i~iortgagor o~ any covenant, agreement, j
~er~ or cond~tion oi this ~iortgage, or of tYie -_~ote (~excep~ ~ ;
-~~.-o~Y:erwise prov?ded in subdivision (a) hereo~) or of any
o ~:e~ a~reement heretofo~e, herewith or Y:ereaf ~er ~ade by ~
;.ne if;or~oaoor wit:~ the Mo~t~agee in connection witn such
. ~ebtedness, a~ter t~;e i~iortgagor has been given due notice
c,;~ ~~e I~~or~g~oee o~ such nonperformance;
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~ c~ ~~a;-lure oi the i•:or ~gagor ta perform any covenant, a~ree~ent , ~
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~erra or cardiiion ~n any ir.strument crea~in~ a ~ien upon the ~
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BOOK ~~J PAGE ~~5 +
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