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Home My WebLink About0981 . • . . _ _ I::~= rr~~ G?'t~/ ~ 0't 3:':3/ ~:a~~ i.'iiEY'20I ~ ~~lP.~Cf; 3fi3~ 1. ~f.3VE ;~~ioriti;~ ovcr, i;e lien o~ Z'r.~s I•Tortua~s; (d) '1'::z :=or~o3~ee's discovery oi tne riortgagor'~ f~,ilure i~ any a~rl;ca~cio~ o~ tY:e ~~orz~a~,or tio the i~:or~~a~ee zo disclose any fact deewad ~y the `~`or~~agee i~ be ~aterial, cr oi ~'r:e aa'r_ing thereir., or in any o~ t~e acreen~erts e:~zered ir:to b~ the i~ort- ~~~or ~ti~ith ~~e Triort~;aeee (includir.g, bnt not l~mited to, the ; ~~~ote and ;,n.is ifortgage) oi any misrepresentation by, on be- ~ sli of, or ior t'ne benefit o~, the i~iorzgagor; ~ r 1 (e) ~'~z ~ale, ~ease or other trar,sie„ of any kind or nature of ~i~e ~ortgaged property, or any part thereof, ~vi ~'nout the ~rior written consent o~ the Morzgagee; T~e Mar~oanee's failure to exercise any of i~s rights hereunder shall :~ot const~ute a~~aiver thereof . All the events in this Para~raph enum- • • erated u~or. t'r,e happening of a:~y~ oi ~rnich the Note shall become, or may oe declared to Le, im.me3iately due and payable, are in this .l~rtgage - called "events o~ defaul~". ~ 2. i'r.a iriort ;agee may iron tine ~o ti~e cure each default un~er any covenant or agree~ant in any instrument cr~ating a lien apon~the morz- ~aged property, or ar3~ part thereof, wnich shz1.,1 have priority over the ~ier. oi t'nis :~Iortgage, to such extent as tir.e :~ortgagee ~ay exclusively ~ ceternine, and Eac'n a.~ount paid { ii ary} by t'ne i~iortgagee ~o cure a:~y ~ such aefau~t sh~=1 be paid by the rlortgagor zo the Mor~cgagee; and the ~:ortgagee shail also becone subroga~ed t~ whatever rights t~e 'nolder of the priar l~en ~ig~t hav2 under such irstru~enz. ` 1 j. (a) ~fter ~Y:e rappenic,~ of a::y default hereunder, tY,e ~or4- ~ ~agor shal? upon ae~and af the r;or~ga~ee surrenaer possessi~n oi the ^~or~gagea ~;ro~erty zo t'.e i~~ortgagee, and -the Mortgagee nay enter such ~ ~ ~rope~ty, and ~e~ t: z sa::,e and collect 2~ i ~ne rents therefrom which f - . C :re due or t~ ~ecoae dae, and apply tne sa.me, after paynent of all charges ~ and expenses, o~: accourz of the indebtenness hereby securea, and all sucb ~ rents and all leases existing at the time oi such default are nereby assigned ta thE i~or-cgagee as iarther security f~r the payment of the ~.ndebtedness secured hereby; and the i~ortgagee may also dispossess, by ;'ne usual su~aary proc~edings, any tenant defaulting in the payment of any rent ~o the :~Zort~;agee . ~ ~ n) ' t:.~ event tha ~ the iior ~gagor occupies the ~ortgaged pro- ~ ~erty cr ar.y ~zrt ~hereof the ;_ortgabor agrees to surrenaer possession ~ ~i such ; ro~er ~o tne .~.ortoaoee ir~nedia ~ely ~.fter ar,y such defaul ~ _ :ereur.oe~ , ar.a ~~e ~:ortgagor rer~air.s possession af ~er suc~ ceiault, ~ sucr J~i~J~.S~_o: s:~a~ y be ~s a tsn~nt oi the T~ortgagee, and ~~z i~iortga~or ~ ~ ~2~~` ~a;~ ~ r. au~~ance , u~on de~ar_d by the t~_ortgagee; as a reasona-~~e monthly ~ ~ _ ~ -~c:~ta-~ ~or ~c~ ~are~ises occupied by ~'ne 1•Iortgagor, an anour. ~ at leas ~ ~ ~ ~ ~cuiv~.~~: ~ ~o ore-~;•~eli~,n o~ ~~:e ~.~gregate oi the twelve mar,thly ?n~~211- 1 ~ ~.e ; e ~r. t~:e cu~ren ~ cayendzr yea-~ , plus the actual ~,no~ant oi ~hz ~ ~ a::n~a~. ~r~una re:~: v, il ~~~s, assess~er,ts, water rates, ot'r,er oov- ~ ~ ~rr.We~~ ~G? cha~` , ar~d insurance preni~a~s pa;;able in connec ~ion witY: ~he ~ ~.~rt~2~ ed r~~~e~ Cur1Y~~ suc~ year, anc upon the ~ailure of the i~:crt- ~ ~ ~;aocr t~ ~~c : W~r:-~c:iy rec:~al, ~ae iliar:,gagor nay also be dis~osa~ssed ~ ~y ~he us~:a~ ~G~r:.arJ ~ r~ceec;~ :~~s a~plica'o~e ants . his covenant ~ 8~1~ ~ ~ ~ tr` W k _ . . ' ~ ; . Atc,~ . - ~ - '::i. ~i- ~i ~",y . _ , . . . _ . _ _ . 3. .Y _ . .