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Home My WebLink About1641 - _ _ _ _ _ _ , ; - o - ~ 1 _.~:~ount of the ~ o.n aviderc~d F.:y th~ ~'ote, interest a:d o~Y:er c:aroes, as ,.rovided i:~ ti'r.e Nota, tae :~_or-ccz~ae ~ay at izs option ~a'~e ~uch pay~er.t. ~very ~sy:~~:nt s~ c~:~de by tae ~'~ort~a~ee ( inc~uding reas~nabl~ attorr,ey' s ~~es ir.curred tY,~reby) ,~•:iti:~ intzrest thereon from the date ~f such pay- :__~~nt, at the r4~e oi thrce per cent (3~) per annu:~, ercept ar,y ~ay:~ent ~~r whicr a difieren~ r•ate of inze~zst is speci~ied _^.erain, shall be pay- ,:ble by the Mort~aoor to ~'r:e T:ortga~ee on denand ar:d shali te secured by ~ris I~:or~gage. `"his ;.or~gage wit~ -resreci to any such a~ount and the ir~- ~erest thereon, shal~ constitute a lier. on ti~e ~iortgaged pro~erty prior ~o any other lizn attachir.g or accruino subsequent to the ii~n of t:~is :~rtgage. 10. ~~:e F~o~ ~gagae, by any of its a;er.ts or representatives, shall ':ave the righ~ tio inspect the mortgaged property from time ~o time at any ?~easonabie hour oi the nay. Should the mor~gaged property, or any part ~'r.ereof, at any -tine reauire inspection, repair, care or at~ention of any' ' ~:ind or nature no ~ provided by tY:is ~iortgage as determined by the ~Iort- ~agee in i~s sole aiscretion, the tilortga~ee may, after notice to the ; ::~rtgagor, en~er or cause entry to be nade upon, the mortgaged uroperty, ' ~ an3 inspect, repair, protect, care for or mainta~n such pro~erty, as the t ::crtgagee ~ay ir. its sole discreti~n deem necessary, ann may-pay all ; amounts o~ money t'neraior, as the Mortgagee may in its sole discretion i neem necessary. ~ t 11. ~he principal ~aount o~,~in~ on the ~;~te to;et:~er wit'n ~nterest ~ ~ iereo~ anu all ot'ner c;~arges, as therein provided, and all otY,er a.mounts ~ ~i money owing by t::e Mortgagor to t'ne ~Iortgagee pursuant to and secured ~ 'cy this Nortgaae, s~all immediately 'oecone due and payable ~aithout notice ~ ~r denand upon ~r~e appoin ~nent of a receiver or liquidator, whetY~er vol- ~ antary ~r i; vol~n ~ary, ior the :~:ort~agor or any oi the property oi t'ne ~ ~i ::ortgagor, or upon ~'ne fi~ing o~ a petition-by or against t~e Mortgagor ~ ~ uncier the ~~rovis~ons o~ any S~ate insolver.cy law~, ar ur.der ~he provi- ~ i s ions oi t:~e ~ar.krup ~c~ Ac ~ of i 8Q8, as a.mended, or upon the ma~ing by E ~~:e I~I~rtgagcr ~i an assi;nsent for the benefit of the I~iortgagor's cre- aitors. T're ~~ortga~ee is a~:~'nor;_zed to declare, at its option, all or # ~.r~y part o~ suc~~ indebtedness immediately due and payable upon the Y~appening of an~ oi ~he ~ollowing events: ~ " t (a) iailure to pay the a..:,aunt of any installmert o~ prineipal ~ ar~d intierest, ar other charges payable on the I~Tote, which ~ ~ ~ s::all 'r.avz becone due, prior to the due date o~ the next ~ sucY: installraent; ~ ( o) ~~onper~arWance b;~ the ~ortgagor o~ a:~y covenant, agreement, ~ ~ ter~ ~r candition o~ t'n~s I~iortgage, or of the ~~iate (except ~ ~ as ~;.nerwise provided in subdivision (a) hereo~) or of any ` ~ ~ L:e~ agreement '~eretofore, herewi ~Y, or hereaf ~er rr~ade by ~ ~ t:e ir.or ~gagor with the I~iort~agee in connection wit~ suc~i ~ ~ ~ iYdebtedness, after the ~Iortgagor ~?as been given due notice ~ ~ t:^.e :~~or ~aagee of such nanperformance; ~ ~ (ci ~'ailure oi the :ior~ga~or to perform any c~venan~, agree;aent, ~ ~ern or cor.ci ~ion in any irlstrument crea~ing a lier. upon the ~ ~ ~e~ s B001(1~4 PACE~V~iS ~ - ~ i s ~ • - . . _ ~ ~ : ~ ; ~.'s = . . . . . _ . , _ . _ . . . - _ . .