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:::'10LiT1~ Of i,ri@ ~ OwY2 t:V1..~.4aICG~Q ~~1 tfi8 I1j0 ~@ ~ iYl ucZ@St 52~~ 0 ~~':t~ C::.;,.?"~~'~S ~ 8`•3 t
: rovi~ed ~n zY:e \o ~z, t:a 1:crt~~~ee raay zi izs option nake such ~aynent. ~
:~~~ery p.ayW~ei~t ~o ~~.ce b;~ ti~e ~'ior~gag~e ~including reasor~ablE attorney's ~
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'~es inct~rrzd thereby), k~~th interest thereon from the date of suc~ pay- `
:~ant, at ~he ra~e of three per ce:t (3~) per annun, excent any paymer.t i
~~r which w c~ffarent rat~ of int2rest is specified nerein, shall be pay-
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~;:cie ~y t~e ~Tort~a~or to t;e ~Sortgagee on de~and and shall be secured by
~~lis N:orzbabe. T'nis :~:ortga~e wi~,'.: respect to any such a.~ount and the in-
~erest thereon, sha~l consti~ute a lien on t~e i~Sortgaged property prior
~o any a~ner ~ien attachzng or accru~ng subsequent to the lien oi~this
::~rtgage .
'10, ii:e ti ortcagae, ~y any of its agents or representatives, shall
~_:sve the ~io'n~ to inspec:, the nortgaged property from time to time at any
reasonab~~ hour o~ the day. Shouid the mortgagen property, ~r any part
~.::~ereof, a~ any zime require inspection, repair, care or attention of any' '
':_:nd or nzlure not provided by this Mortgage as determined by tne Mort-
~;aoee in its sole niscretion, the Mortgagee may, after notice to the
;:~r~gagor, enter or cause entry ~o be made upon, the mortgaged property,
~:~d inspec~, repair, pr~tect, care for or naint~,in such property, as the
~~:~rtgagee aay in its sole discretion deem necessary, and may-pay all
a~ounts of ~oney taereior, as the I~~rtgagee may in its sole discretion
~eem necessary.
11 . ihe principal a.mount o~,ri~g on the I~Tote together wi ~h interest ~
~~ereon and a11 other charges, as there~n p~ovided, and all other amounts ~
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money owing ~y the t~~ortgagor to t'ne ~iortgagee pursuant ta and secured E
~y this r~:ortgaae, shall immediately become due and payable ~,rithout notice
~r demand upon the appo~ntment of a recei~er or liquidator, whetY~er vol-
~ :~;~~-,~x~-.~r i-rvn'l ~~r~-~T, f~r t-hP l~nrt~,a,gpr or anv of the uropertV of tne
::oL~~gagor, or ~:~on tne filing of a petition by or against tY:e I~ortga~or
~~.r:der the :rovisions o~ any State inso3vency law, or under the provi-
~ions ~i the Bar.~ru~tcy Act of 18~8, as_a~ended, or upon the ma'~ing by
~is I~iortgagor o~ an asszgnraent ior the ber~efit of t~e rSortgagor's cre-
::itors. Tne tiiortga~ee is ~uthorized ~o declare, at its option, all or
~,ry rart o~ sucn indebtedness immediately due and payable upon the happening
ang of the iollowing events:
(a) Failure to pay the ~ount of any ins~allnent ol principal
and int~rest, or other charges payable on the ~ote, which
shall have become due, prior to t:~e due date o~ the next
SLICrI ins-~al~meni; ~
i~cn~.;er~or~ar.ce by t?:e T~iortigagor o: any cover.an agreement,
~e_~ or cona;zion of this ~Iortgage, or of the '3~te (except
as oL'r.Erwise provided in subdivision (a) hereof) or oi any ~
o :~e~ a~reement h~ret~fcre, erewi ~nerea~e~--,~a.~E~--- ~
~:~e ~~:ort~a~or wi ~n the F4ortgagee in connectzon wit ~ s~;c~; ;
~
~ncectedr,ess, af~er tae Mortgagor has been given due notice ~
~c:e ::c;r ~~aoee of sucn nonperformance;
~a~"~ure o~ t:,e ti~ort~ag~r to periorm any covenant, agreement,
ter~ ~r cordition in any ins.trument creatir.g a lien upon t'~ie
. _ Boox1~3 Pa~f 65~
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