The URL can be used to link to this page

Home My WebLink About0239 ~ • - 6 - ay~unt ~f the loan avidencec by tre hr~te, ~nterest and otr,er ci,ar~zs, as ~rovided in the ~ote, t'r,e ~:or~~agee ~~y at its option ~ake such ~ayment. ~very payaent so ~ade by t~e j'lortgagee ~including reascnable at~orney's fees incurr~d ~hereby), ~~ith interest thereon from the date of such pay- ~ent, at t:;e rate of tnree per cent (3~) per zn~um, except any payment ~~r which a di~ierent rate of intzrest is specified 'nerein, shall be pay- able by ti~e A:ortca~or to t:;e ~Iortgaoee on dem3nd and shall be secured by ~his Mortgage. This I~iortbage ~,~ith respect to any such amount and tne in- ~erest thereon, shall constitute a lien on the Niortgaged property pricr io any other lien attaching or accruing subsequent to the ?ien of tais .•:ortgage . 10. ~he ~:origagae, by any of its agents or representatives, shall ~.ave the right to inspect the mortgaged property from time to time at any reasonable hour oi the day. Should the mortgaged property, or any part ~hereof, at any time require inspection, repair, care or attention of any ~ ':tind~or na~ure not provided by this Mortgage as determined by the Mort- yaoee in izs sole discretion, the Niortgagee may, after notice to the :iortgagor, enter or cause entry to oe made upon, the mortgaged ~roperty,- and inspect, repair, protect, care for or maintain such property, as the :~:ortgagee may in its sole niscretion deem necessary, and may-pay all a~ounts oi money therefor, as the i~ortgagee may in its sole discretion deem necessary. .11. The principal amount owing an the Yote toget~er ~rith z~terest ~:~ereon and all other charges, as therein Frovided, and all other a~ou~ts of money o;~~ing by the Mortgagor to the Nortgagee pursuant to and secured by this Nortgage, shall immediately become due and payable YTithout notice ~r demancz upon the.appointment of a receiver or liquidator, w:~ether vol- untzry or invo?untary, ~or the Mortgagor or any of the property oi the i~iorzgagor, or upon the filing o~ a petition by or against t:~e Mortgagor ~ under t'ne ~rovisions of any State insolvency law, or under ~he pravi- ~ sions of ~~:e Ban~r~ptcy Act of '1898, as anended, or upon the making by ~ ~he Mortaagor of an assignment for the benefit o~ the ASortgagor's cre- ` i citors. :'r,e tiiortgagee is author~zed to declare, at its optzon, all or ' i ' ar,y part of such indebtedness immediately due and payable upon the happening j of any of ~he following events: ~ - f . - ; (a) Fzilure to pay the amount of any installment o~ principal ~ and interest, or other charges payable or~ the :1~ote, which f r shall have become ~ue, prior to the due date oi the next k suc'n ins ~allment; ~ ~ ~ i i3on~erfor~ance by the Mortgagor of any covenant, agreement, ~ ~eru~ or condition of this Mortgage, or of the v~te (except as o~Y:erwise provided in subdivision (a) hereof} or of any ~ o ~'r~er a~ree~ient heretofarz, ~erewith or hereafter made by thc I~:or~~a~or with the Mortgagee in connection wit'~ such ir.ceb~edneUs, after the 3~Iort~agor has been given due notice ~J the =.or~gagee of such nonperformance; ra~lure of ~:e i~ortgagor to periorm any covenant, agree~ent, ~ ter~, or cond~tion in any instrument creating a lien upon the ~ ? ' 80DK 1~J PAGE ~~O S , ~ ~ ~ ~ . ~