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HomeMy WebLinkAbout2857 i r . . - - 6 - . amount oi the loeo evidenced by the No~e~ intereet abd other cha?rgea, aa provided iA the Note, the Mortgagee may at ite Opt10D make eucb paymeat. Every payment eo made by tt~e 'Kortgagee (including reaeonable attorAey's fees it~curred thereby), witb i~tereat thereon =rom the date ot euob pay- ment, at the rate of three p~r cent (396) per annum, except ary payment ' . far which a different rate o~ interest ie epecilied herein, eha2.l be pay- able by the Mortgagor to the Mortgagee on demand and ehall be eecured by this Mortgage~. This Mortgage witb respeot to any euah amou~t and tbe in- tereet tbereon, sball constitute a lien on ~tie MortgQged.property prior to any,other lien attaching or accruing subsequent to the lien of tbie Mortgage. ~ 10. The MortgageB, by any of.its agenta or repreaentativea,_ ehall ~ have the right to inspect the mortgaged property from time to time at any reasonable hour of tbe day. Should tbe mortgaged praperty, or any part thereof, at any time require inspection, repair, care or attention of any kind or nature not provided by this Mortgage aa determined by the Mort- gagee in its sole discretion, the Mortgagee may, after notice to the ~iortgagor, enter or cause entry to be made upon, tbe mortgaged property, and inspect, repair, protect,.care for or maintain sucb property, ae tbe ~;ortgagee may in its sole discretion deem neceaeary, and may pay all amounts of money therefor, as the Mortgagee may in ita.eole diacretion deem necessary. _ - 11. The principal amount owing on the Note together witb intereat ~herean and all otber cbarges, as tberein provided, and all otber amounta of money owing by the Mortgagor to the Mortgagee pursuant to and secured ` _ _ ~ by this Mortgage, shall immediatel~r become due and payalile without notice or demand upon the appointment of a receiver ar liquidator, wHetber vol- untary or involuntary, for the Mortgagor or any`oY tbe property of tbe ' ~Iortgagor, or upon the.~iling of a petition by or against the Mortgagor ~ under the proviaions of any State insolvency law, or under the provi- ~ sions of the Bankruptcy Act of 1898, as.amended, or upon tbe making by _ ~ - - i the Mortgagor~of an assignment for tbe bebefit of the Mortgagor's cre- 3itors. ~The Mortgagee is authorized to declare, at its option, all or i any part of sucb indebtedness immediately due and payable upon tbe bappening of any of the following events: - (a)_Failiare to pay the amount of any installment of principal and interest, or other charges payable on the Note, wbicb - shall have become due, prior t~ the due date of the negt such installment; ~ (b) Nonperformance by the_Mortgagor of any covenant, agreement, term or condition of thia Mortgage, or of tbe Note (except as otherwise provided:in subdivieion (a) hereof) or of any other agreement heretofore, herewitb or hereafter made by the Mortgagor with the Mortgagee in connection with auch indebtedness, after tbe Mortgagor hae been given due notice by the Mortgagee of such nonperYormance; . ; ~ (c} Failure of the Mortgagor to perform any covenant, agreement, t ~ term or condition in any inatrument creating a lien upon the ~ ~~186 ~2850 ` _ _ _ _ . - - _ _ _ ~ ~ . : ~ V~ : .