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HomeMy WebLinkAbout1447 - u - ,,:10~:t~t Jf t:;t' 1:~.::. ~V:.:~::C~~l ~'y ti,e i10~C~ :Yi},.i:Z~3t FiT:(~ O~~'1G~ C::i:~~z;ES. 83 ~rovided in rhe tio;.2, ~?:z ~:~rtga;ee raay at its option nake ~ucr~ ;.afaent. ::very pay:~ent m~ae by t::e ~`lurt~agee (including reasor.able attorney's :zes incurred thereby), w~th interest thereo;~ from the ciate of ~uch pay- ~ :~ent , at tha ra ~e of three ~er cer.t ( 39~) per annuca, except any payment ~~i• which a n~fferent rate of interest is specified herein, sha~l bs pay- ~ F ~w~ie by the ~iortganor to t~z ~iortgagee on deaand and shall be~secured by ~ ~his N:ortgage. This Martgage with respect to any such amount and the in- ~erest thereon, shall constitute a lien on the Mortgaged property prior ~o any other lien attaching or accruing subsequent to the lien of this - :~_ortgage. ~ 10. The N,ortgagee, by any of its agents or representatives, shall :;ave-the rigY~t to inspec~ the mortgaged property from time to time at any reasonable hour of the day. Should the mortgaged property, or any part thereof, at any time require inspection, regair, care or attention of any ' '::~nd or nature not provided by this Mortgage as determined by the Mort- ~agee in its sole aiscretion, the Mortgagee nay, after notice to the :•:~rtgagor, ~nter or cause entry to be made upon, the mortgaged property, ~ and inspec~, repa~r, proteet, care Yor or maintain such property, as the ~iortgagee may in its sole discretion deem necessary, and may pay all a~ounts of money tnerefor, as the Mortgagee may in its sole discretion deem necessary. 11. ~he principal amount owing on the Note together with interest ~:~ereon and all other cbarges, as therein provided, and all other amounts ~i money owing by the Mortgagor to the Nortgagee pursuant to and secured ~~r this l~ortgage, shall immediately become due and payable without notice - or demand upon the appointment of a receiver or liquidator, whether vol- - :~:~tary or. ir.voluntary, for the Mortgagor or any of the property of the :•:ortgagor, or upon the filing of a petition by or against the Mortgagor w:~der the provisions of any State insolvency law, or under the provi- . ; ~ions of the ~r.kruptcy Act of 1898, as amended, or upon the making by , . ~ ~~e Martgagor of an assignment for the benefit of the Mortgagor's cre- ~ ;:itors. Tne ~Iortgagee is author~zed to declare, at its option, all or ~ ~::y rart o~ such indebtedness immediately due and payable upon the happening :,f any of the.following events: (a) Failure to pay the amaunt o~ any installnent of principal . ~ and interest, or other charges payable on the I~ote, which shall have become due, prior to the due date of the next sucn installment; - ~ j ~~on~,erFor~.ance by the ~ortgagor of any covenant , agreement, ~ - ~er~ or conaition of this Mortgage, or o~ the Note (except ~ as otY:erwise ~rovided in subdivision (a) bereof) or o~ any . c~'.^.er agreement heretofore, herewith or hereafter made by ~he :!ortgagor with the Martgagee in connection with sucr . ~~ncectedness, after the Mortgagor has been given due notice ~ . ~f t?:e .~~rtgaoee o~ such nonperformance; _ ~ :a~~ure of tr,e Mortgagor to perform any covenant, agreement, term or cor.dition in any instrument creating a lien up~n the o ~ - a~~ 183 ~ 654 ~i8+~ ~i~ - .