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Home My WebLink About0508 ~ ~ i - U - :i:;;~unt of t!~e l~an evicenced by the h'ote, interest and other charges, as ~rovided in the Note, the Mort;agee ~ay at its optjon nake such payment. ~very paynent so made by the i'~ortgagee (including reasonable attorney's ~~es incurred tnereby), with interest thereon from the date of such pay- ~:~~nt, at t~e rate of three per cent (3~) per annum, except any payment ~or which a different•rate of interest is specified herein, shali be pay- ~.::.le ~y t::e ~iortgabor to the Mortgagee on denand and shall be secured by ~;is r:ortgage. This Mortgage with respect to any such amount and the in- terest thereon, shall constitute a lien on the Mortgaged property prior ~o any other lien attaching or accruing subsequent to the lien of this ::~rtgabe . ~ 10. ~he ~:ortgagee, by any of its agents or representatives, shall :~ave the rig~t to inspect the mortgaged property from time to time at any ~`asor,able :~our of the day. Should the ~ortgaged property, or any part ~:nereof, at any ti~,e require inspection, repair, care or attention of any ::=nd or nat~:re not provided by this ~Iortgage as determined by the Mort- ~ ueee ir, it5 ~~ie ~iscrai.iut;, t~~e i~;~z~tga~ee may, aiier t~otiice to tne ::~rtgagor, enter or cause et~try to be made u~on, the mortgaged property, ~::d inspect, repair, protect, care for or maintain such property, as the :•:~rtgagee may in its sole discretion deem necessary, and may pay a~l ~::~ounts of ~.oney therefor, as the i~ortgagee may in its sole discretion { .:~em necessary. ; 1~. ~'ne principai a.~ount owing on the Note tagether with interest ' ~::ereon a:~d a~~ ~ther ~Y:arges, as there~n provided, and' all other anounts ~~~aney ow~:~g by t;~e N:ortgagor to the I~Iortgagee pursuant to and secured ~y ~his A:or~gage, s:~a~l im~ediateiy becone due and payable without notice deWand u~on the appointmen t of a receiver or liquidator, whether vol- ~ ~::.tary or ir.~vci~:::tary, for the :~:ortgagor or any'of the property of the ! :~=~~tgagor, or upon the filing o~ a peti~ion by or against the i~~rtgagor ~ t ~.;::~er the pravisions of any State ;nsolvency law, or under the provi- ' ~ } ~ ~~~ns ~f ;,:,e Ban:~crup~cy Act of i898, as amended, or upon the making by ~ ~ =:z :~iortgab~r of ar assign~ent for the benefit of the Nortgagor's cre- ~ors. ~'r.e :~:ortgagee is authorized ~o declare, at its option, all or par ~ o~ s~:c':~ indebtedness inmediately due and payable upon the nappening any of t'.:e ~~l~owing events : - - - . - - - a~ ra:l~:re to pay t:~e amouni of any ins ~all~ent of principai and interest, or other c~arges payable on the h'ote, which s:a~l :~ave become due, prior to the due date of tre next sucr~ installment; ~ (bj „~n~eriormance by the ~iortgagor oy any covenant, agreament, ~ cr cond:t~on of t:,~s N;ortgage, or of t'ne Note (excep~ ~ ~ c~~erwi~e provided ~n subdivision (a) r,ereaf) or of any ~ c ~c.e~ a~ree~er.t :~ere ~~iore, rerewith or rereafter ~a~e by ~ ::~r;,~u`or ~:^.e .~i~rtgagee ir, conrection wit : such ' ~ ~ ~ecr.ess, a~ter the i~iortgagor has bee~ given due r.atice ~ ~~r ;,::e :fori~aoee of such nonperfornance; ~ ~'a;~u:e of the ::ortgagor ~o t~erform any covenant, agreeWer,t, ~e:~. or conditian in any ir:strument creating a lien upon the 60Rh 187 ~~~E 50~ - - ~ ~ ~r- - ~