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HomeMy WebLinkAbout0230 ~ - - a ~;:~iOUYIt Oi ~i12 ~oar, ZV 1G@21C2Q 'qj/ ~(:@ ?`.Ot~ ~ in~e~ES ~ 3::Q Ot~'?GZ' .rs;:~„rcE~ ~ 83 ~rovided i:~ the \'o;,e, t?~e r:ortc~~~e n~.y at its optiicn ~a~;e sac'r, ; ay~ent. ~very pay~ent so m~.de by t'.e -~iortgagee (includinp reasonabl~ attorney's ~ 'ees incurred tY:ereby) , with in ~erest t'~ereon ~ror~ the na~e of such pay- :ent, at tne rate of t:~ree ~er cen~ (35b) per annum, except a~y.~ayment ~or which a different rate of inzerest is specified herein, shayl be pay- able by the ;Sortnsgor to the ricrt;aoee on denand and shall be secured by ~nis ATortga~e, mhis Mortgage wit~ respect to any such ~mount and the in- ~erest ~hereon, sha~1 constitute a lien on ~ne Nortgag~d pro~erty ~rior ~o any other ~ien attaching or accruing subsequent to the lien of tnis .•:ortga~e. 10. ~he ;~:ortgagee, by any or its agents or representati~es, shall ~ave the ria~~ to inspect the mortgaged property from tine to time at any reasonable hour oi ~he day. Snould the mortgaged property, ~r any part ~hereof, at any time require inspection, repair, care or attention of any ' ::ind or natiure no-t pravided by this Mortgage as determined by the Mort- ;agee in iZS sole discretion, the Niortgagee may, after notice to t'ne ,~iortgagor, e~~er or cause entry to be made upon, the mortgaged property, ~nd inspeci, repair, protec~, care ~or or maintain such pro~erty, as the ::ortgagee ~ay in its sole discretion deem necessary, and may pay all ~mounts -of mone~t t'nerefor, as the i~iortgagee may in its sole discretion deem necessary. 1. ~he principal a.mount owi~g on the Note together ~,riti'n in ~erest tnereon ana all other charges, as therein provided, and all other amounts oi noney owing by the ~:or;,gagor to the 1Kortgagee pursuant to an3 secured ~y this N~ortgage, shall immediately become due and payable without notice ~r de~and upon the appointment of a receiver or liquid~tor, whetY~er vol- ~untary or involur.tzry, for the i~ortgagor or any of the Froperty of tne :=~rtgagor, or upor, the filin~ of a petition by or against the M~rtgagor under the provisions of any Sta~e insolvency law, or under the provi- sions of t:~e Bar,kruptcy Ac~ of 1898, as anended, or upon ~he making by ~he Mort;aoor oi an assignment for the benefit of the I~tortgagor's cre- uitors. 1he t~ortgagee ~s authorized to declare, at its optio~, all or ~ any part o~ such ~ndebtedness immediately due and payable upon the happening f ~ of any oi ;.he ~ollowing events: ~ ~ ~ I (a) Fa~lure to pay the a.mount of any installnent of principal ~ ~ ar.d ir ~erest, or other crarges payable on the _:~ote, w'nic'n . ~ s?~a~l have become due, prior to the due date o~ the next ~ f - . . 3 E such installment; - # . ~ ~ ~ ~ (b) i~Ionperior~ance by the Trortgagor of any covenan aereement, ' ~er~i or cond~tion of thzs Mortgage, or of t'ne ~iote (exce~t as o:.herwise prov? ded in s~abdivision (a} hereof ) or ~f ariy ~ o ~Y:er aoreemen~ heretofore, ?~erewith or hereaf ~er r~ade by t~e ~:orzgaGor with the Mortgagee in connection wit'.^. such a ' zn~ecteaness, after t:~e ~Iortgagor has been given due notii;e ~ ~y t'ne :4or~cgagee of suc~, nonverformance; ~ i ~c} rGilure o~ the ifortgagor ta perform any covenanz, a~reement, ~ s ;.erm or conaitian in any ~:r.strument creating a lien upon the i ~ ~ ~ aooK 185 ~?~E 231 ~ f ~ #~-.xa.-`~t~~.: - - - - ~ . . , ~