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r~c~~~__:;~~ci rro.~er;:y, or any ~~r~ ~hereof, whic~: ::ha1i Y.3V@
pr~ority over i:~e ~ ie:: oi -c'r.is i~,ort~;a~,e;
.
~Q~ ~YiC 1~:J-~ ~-t'r,:;.~c::' S C3ISCOVe~~/ Oi i.~l@ i~iort~a~or' S fc.ilure '_Yl any
~ app:ication oz ~Y!° :iort~a~or to the :iortga~,ee d;sciose any
'act dae~eu by the j~`or ~~a~ee to bz mater~ al , o~ cf ~he ~aking
tiher~in , o~ ~n an;l oz ~:~.e agreea~an ~s entered ir~to -~y the tiiort-
~a~Or ~•I~ T,'f. ~:l@ i~:Or~g3a2@ { including ~ tJUt f~Ot l~~ited ~O ~ the ~
Zote a:~a t:~:is 1"IOT~gage) of an~t misrepresentuti~r, b;~, on be-
hal~ oi, or Tor the banefit of, tihe ~orzgagor;
(e) T~-.e ~a-e, ~zzse or other ~ransfer ~f any kir.d or nature of
~na ~ortgaoed proper ~y, or ar.y part thereof , ~rithout zhe
prior tivritten corsent o~ the ~iortgagee;
~~e Mor~o~~ee's iailure to exercise any oi its rights here~;r.der shali
:~ot constitute a iraiver t~iereof . All the events in this F~r~:~raph enum- • •
erated unor~ ~'ne rapuen~ng oi any o~ w'nich the fiote shall become, or may
ce deciared ~o be, ~~mediately due and payable, are in this Yortgage
~ :lled "events o~ deiaul .
12. ~:~e I:or~;a~ee nay ~rom ti~:;e to time cure each de~^ult under any
~ovenan~ or zgree~ent in any inszru~ent creating a lien upon'the nort-
~aged proUer~y, or any par~ ~aereo~, w::ic'n shall nave prior~~y over the
lien oi zais ~:~~tioage; ~o suc:: e~~eni as t'r.e ~iortgagee nay exclusively
aetermine, anc. each a.mount ~aid (i~ ~ny) by the P~Zortga~ee to cure any
such cefault ~?~a~l be ~aid by ~ne sior~gaoor to the i~ortgagee; and the
;~:~rtgaoee snall so become subr~gated to w
~atever rights the 'nolder of
the prior lien yig:~t Y~~ave under such instrume:~t.
13. (a) ~rter the ?;appening oi any dezault rereunder, the i~ort-
; Gagor shal~ upor, de~and of ti'r.e I~io~tgag~e surrerder po~session of the
~ ~ortgage3 pro~er~y ~o L~~ T~:or~ga~ee, and the IrSortgagee ~ay enter such
~ ~roperty, a:~d ~ e ~ the sa~e and callec ~ all :,he r2nts therezror~ whic?~
~ - .
~ ~rs due or to ceco.~e due, and ap~ly the sa.~e, after payment of all charges
t
~ and expensas, on accoun~ o~ ~:~e inCebtedness hereby secured, and ai1 such
~ rents ann al~ -.~eases exis ~~no at ~'r.e t~~e oi such default are :~ereby
~ assigne~ t~ tae Mortoagee as further securi~y for the payment of the
--ndebteune~s secured hereGy; and the l~ortgagee ~ay also dispossess, by
~:~e usuai su~ary proceedings, any tenant deiaulting in the payment of
~
~ a:~y reni ~o t'r~E :~ortbagez.
~'o; i~ t~a event tna~; tY,e ::ortgagor occupies tY:e ~or ~gaged pro-
~
~ lerty ~r G: y ra~ ~:~e~eoi the i~:ortgag~r agrees to surrender possession
~ :~f suc'^ ~rc~e~ ~y ~a tr e i~~or ~g~~ee~ i~edia ~ely aiter any such deiault
~~:Zr@t;7?G2~~ 3:1~ ~~lE .~iOr~~agor rclTlc^al:]S i:~ 170SS2SS10TI aizer SUC.~ default,
_ ~uC; UG3~CVV10:'_ ~~w!.i ~2 2S a ~E~:~3T1~ Oi ~'II2 ~4ortgagee, and ~'II2 :r~T~g2~OT
_ ~ "~y t~e Iylor~gagee GJ a rewsonaole nonthly
~:~zl~ ; adva~c~ , upon de~a:~a , ~
t
~ ~eczal ic~ ~~e : re.~_se~ occupied by zhe i~iortgagor, ar, amour_ ~ a~ leas ~
~cU~vale: ~ ~o :,~:~e- ~•::el= c~ ~rz a~Vreoate oi the tc,relve mo:zthl;~ ir.stall-
r~
~~eY: Ls ;~.~~~~e -r ~:.e curre~:t calendar year, plas the actual amour. ~ af the
~ aT?~,U2~ ~;rOu:ii~ ~'C:':• u.T. j, tSfeS ~ 3SS@SS:~CLl l.S ~ W3 ~er rate: , other ~CV-
;
~ J ,+r r~ ~ ~ _ ~ ~ ~ v, ~ . rn y, i+
_ s~e..-~.~ c:,a-~.~~:~ w:a i:~sura, c~. prE~iu.~s payab? e in connec ~i~r ~•ri ~n ~,ne
~ ~,~=t~a~~c ~ra-:,~rtJ durir.~ sucrs year, and upon the failure oi ~f12 :ror ~
~ ~ ~
v~c~~ : .^L~CC, ~O::t',',~y rer~i,al, 'tr'ie irar ~~agor may ~ZSO .~e dis~ossessed i
ry. L?~e u~uai ~u:.:~a~J :roceec::r~s ap~plicable to ~~n~nt . mhis covenant '
't=w 800K 1~~ P~CE ~7~~
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