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1L~ri.~;'..~,iZ~Z ~1cj.eriy~ ~r ::3rZ ~fie?^v-`'~~~ tti~:;~~.^. .^f13ii :aV@
prior~zy over ;,~:e l:en o~ t'r.~s ::or~~a~e;
(d) Thz ~~Tortoao~~' a d~scc~ ~ry .o.:.' ~he :iortoa~or' S Z~:llu?^2 in ar.y
app~icatio tae ~~aoor tio t:~e :i~rtg~~~ee ~o ~,~close any
iact de~med by tr.e ''~rtgz~ee t~ be ~ater~al, or ~f ~he ya'_~ing ~
~::ereir., or :n ~ny cf the ~.~rct::~~r.tis enterzd ~ r: ~o by t'r.e i~~ert-
' ~3bOr `rlitYl ~}:2 Vort~aoee ( in~luaing, bU tl. YlOZ 1.1~1Z2C3 t0 ~~Yl@
i~o~e anc ~hi.s AZ~r~gaoe) of an~~ misrepresentui~on ~y, on be-
:i i Of ~ 0~" ~ Or t'ne benefit O:i ~ ZYic ~lOr~b~~Or;
(a) ~'r.~ s2le, lease or other trar.sfer of any kir.d or r~ature oi
~he mort~~,ged property, or any ~~,rt tr,ereof, c,~~tnout ~he
prior ~aritten consent o~ t'ne :4ortgagee;
`:e Mortba~ee's ~ailure to exercise any oi iis rigY:ts hereur_~~r sha:.~
;:ot consti~ute a ~~aiver zhereof. Al~ the events ~n this P2ragrap~ enum-
eratea upor. the Y:ay -_~ning of any of wh ic~ t'ne ~Vote sY;all become, or r~ay ~
'~e declar2d -~o be, i~e3iately due and payable, are in this _f~rtgage ~
~;a~led "even~s o~ ~e~~ult".
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92. lhe ~Iort~;a~~e may rram ;,~s~ to ti~:t cure eac~ czei~ult u:~der any ~
:~~venant ar agree~znt in any instru~ent creating a i~en upo:~~th~ ~ort- .4
.;~aoed pro~zrty, ar any part t:~ereoi, which shall have priority over tii~e ~
~=en of ~r~s :~or~gage, ~o s~;c'a e~~ent as the ~iortga~ee ~ay exclusively ~
;:etermi:~e, znd each ~ounz ~aid ( if any) by ~he Mortgagee io cure any ~
~uch default s'~al~ oe nai3 'cy the h:ortga~or to ~he l~ortgagee; and the ;
s
:•:~rtgagee sball als~ become subrogated to w~atever rights the holder of
~::e priar lien might 'nave under such instrument. ~
ij. (a) Arter the nappening of any ~eiault nereunder, the ~iort-
~~~or sr,a upon enana ~ l~~or a ~
:~~r ~ba~ed pr~pe~ ~y to t'ne ~Iortgagee, ar,d the ~iortgagee nay znter such
~ger~y, ard ie ~ ~he sa:e and collect ~,11 -tne rents ~herefro~ whic:,
~.:e due or ~o ~zco~e due, and apply the sa.~e, aiter pa~T~ent o~ all ehargzs '
i
~::d expenscs, on, account o~ the indeb~edness 'r.ereby secured, and aIl such £
r~nts a:~d ~?1 ~eases exis-cing at the time of sucY~ default a~e 'nereby
~ssigned ~o ~he ~~:or~gagze as ~urther security for the paynenz of ~he
~~:3ebtedness secured-hereby; and ti'ne Mortgagee may also dis~ossess, by
~:e usual su~mary prcceedin~s, any tenan~ defaulting in ~he payment of ~
~:y ren ~ ~o the rior ~~agee . ~
j i: t~e event t:~at ~he i~~ortgagor occupies tY:e ~ort;aged pro-
~.~rtf ar.y ~ art ~hereoi t:~e ~;ortga~or agrees to surrender possess:on ~
suc': :,rc~er•~J to tne N:ortgagee i~edia~ely aiter any sucn defau~t ;
:~reur:cer, anc i~ zhe :Ior~ga~or re~ains ~n possession after sucn 3efault,
;
~~.~c~ ~~~se~:.iori sn~~i ce as ~ ter.an~ of the ~ior~gagee, and ~2~te ;:~rtg~gor
~_~:a~ a;~ ~rl a3vance, U de~ar:d by tre i~iorigagee, as a re~.~cna~-~e
non~hiy
~a~ ~~r ~~e ~rem~.ses occu~ied by tne :~or~gagor, an amaur,~ ~t least
~~ca-_v~.~ert ~o one-tV:el~th of ~ne a~;regatE cf the ttiteive mon~:~ly i~:sLall-
;
:::~~:t~ ~2;~aG~~ in ~::e current calendar ;~aar, pius the actual a~~u-r~~ of the
;
~~•~u~- ~~J+~:l~ I'E:i 1"~ i,c'3~ES ~~SS@~s~en~s, W2~er rateS ~ 0 ~C:Zr ~'OV- ~
~~-r1~'e:: ~~1 c~,a~oes, ann insurance ~rem~u~s roayable in cornec;,ion w; ~:~e ~
==:.rtg~,oeu JY~O~ er ~y du~ir.o suc:~ yea_, a::d upor. the failure ai ~cje :.or
~~oor to :;ay s~:c :~or.i'.ly rEntal, t~e :~.ortgagor may also be disp~ssessed
~~-r ~he usual s;~~r:~ar;~ u'ro~ee3ings z~~1~c ~o tenants. This covenant
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