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~artUa~ed property, or ar,y part thereof, which shall have
priority over the lien of this Mortgage;
(d) The T:ort~a;ee's discovery o~ t:?~e I~tortga~or's failure in any
applicatiQn of the Nor~gagor to the ~Iort~agee to disclose any
fact deened by the ''ortgag~e to be material, or of the making ~
therein,•or in ar.y of the agreements entered into by the Mort- `
gagor wi~t~ the Mortg~gee (including, but not limited to, the
I~Tote and this Mortgage) of any misrepresentation by, on be-
nalf of, or for the benefit of,~ the Mortgagor;
(e) The sale, ~ease or other transfer of any kind or nature of
the mortgaged property, or any part thereof, without the
prior written consent of the Mortgagee;
~^e ~:or~gagee's faiiure to exercise any of ~ts rights hereunder shall
::~t const~tuta a waiver thereof. All the events in this Paragraph enum- ;
e:.~ated upor. the r.appening of any of which the Note shall become, or may
;.e decZaren to be, inmediately due and payable, are in this Mortgage '
:.~lled "events of default".
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12. ~ne ;flortgabee may fron tine to time cure each default under any
~~venar.t or agree~er.t in any ins~u nt creating a lien upon the mort- ~
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~aged prope~ty, or any part thereof, whicn shall have priority over the '
-~en of this ~:ortgage, to such exter.~c as the ~Iortgagee nay exclusively ~
£
:a~erWi::e, ana each a~ount paid (if a~y) by the Mortgagee to cure any ~
~uch defau~~ snal:. be ~aid by the ~:ortgagor to the Mortgagee; and the ~
:•:~rtgagee s:~aii a2so become subrogated to whatever rights the holder of ~
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~::e prior lien night 'nave under such instrument. t
'13. (a) ~~~er t;~e happening of any de~ault herennder, the Mort-
~aaor sn211 upo7 denand of tY:e ~iortgagee surrender possession oi the
:~~r~gaged ~roper~y to the Ai~rtgag~e, and ~he Mor~gagee may enter such
:.~~~er~y, 2r.d ~et t~e same and coZlec~t ail the rents therefro~ which
~~.~e ~.ue or to ~ecome cue, and app~y tre sa.me, af~er payment of alI charges
~;:a ex~er.ses, or account of the indebtedness ~;ereby secured, and all such
~er.ts a~~ a~i ~eases existing at the time of st~ch default are hereby
uss'_gne3 ~o tr,e ~:ortgagee as further security for the payment of the
~:.~e~te~ness secured hereby; and the ~ortgagee may also disposs~ss, by
-:~e us~al s;:~ary ~ioceedings, any t~nan~_ defaulting in the paynent of
~ :y rent to ~t:e r;ortgagee.
~ c) ~r. t:.e event that the I~:ortgagor occupies tY:e mortgaged pro-
_.erty cr a::y ~ar~ thereoi the Mcrtgag~r agrees to surrender possession.
~U~'.: ; e~ ~f ta ~'r.e :y:ortgagee ~~eciately a~ter any such default
~-~~e~.::-:cer, ar.~c if t'r,e ;~;ortgagor remains ~in possession after such defau~t,
=:.c:~ ~~s~essicn ~'r.a?1 be as a tenant of -~he Mortgagee, and t:~e Y~ortg~go~
~:a~-~ ~a;~ ~r.~ adva:~ce, Gp~n de~and ~y the I~~rtgagee, as a reasor.a~le ~onthly
=e::~a~ '.~r -:~e Trez~~ses occupied by t'ne :~tortgagor, an anount at least
~~a~t: ~ ~-:e- ~w~~ft'r. of the ag~re~ate af the twelve monthly install-
_ a~~~ :=e ;n t: e current calendar year, plus the actual a~ount of ~he
~r:,~:-r,;: rF•Y,t, i, ar.y, taxes, assess~ents, water rates, other eov-
~ r.wE-- ~ rGr~es , ar~d ~r.s~:rance preai ~~s payable in conneeti or, wi th the
:::.L :,r~~,e~ durir.4 ~uch year, and upon tne failure of the }Iort-
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:,~1~~x .~y ~uc:, Wc::thly ren ~al, the Ifort~agur may also be dispossessed
t~~e c~uai saW::.ary r.r;.ceed:r.~s arplicable to tenants. This cover.ant
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