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Home My WebLink About2297 ~ . - 7 - raortgaded property, or any part thereof, w'nic'n shall have priority over the lien of this Mortgage; (d) The ;fortgagee's disccvery of the Mortgagor's failure in any , application of the Mortgagor to the ~iortgagee to disclose any fact dee;~ed by the "ortgagee to be material, or of the making therein, or in any of the agreements entered into by the Mort- oagor with tY:e Mor~gagee (including, but not limited to, the Note and ihis Ifortga~e) of any misregresentation by, on be- :^alf of; or for the benefit ~f,~ the ~tortgagor; (e) ~he sale, lease or other transfer of any kind or nature of the mor~gaged property, or any part t'nereof, wit'~out the prior ~ari~tten consent of the i~ortgagee; ~ ~ ~~^e rlor~gagee's failure to exercise any of its rights hereunder s:~all ::o~ constitute a waiver thereof. AiI the events in this Paragraph enum- ~rated up~n ~:~e rappening of any of which the Note shall become, or may '~z cieclared to be, immediately due and payable, are in this Mortgage :.a~led "events of default" . ~ ~12. The ~Iortgagee may from time to time cure each default under any ~~venant or agreement in any instrunent creating a iien upon the mort-- ~aged property, or any part thereof, w::ich shall have priority over the ~ ~~ien of this I~iort;age, to such exten~ as the ~:ortgagee may exclusively ~ : : e±ermi:~e, and each a,mount paid ( if ar,y) by the Nortgagee to cure any ~uch default shall be pai3 by the :~fortgagor to the Mortgagee; and the :~:~rtgagee sha?1 also become subrogated to whatever rights t~e holder of ~.e prior ::ien might :~ave under scach instrument. ~ i 13. (a}_ ~fter the happening of any default hereunder, the Mort- ; ; ~~oor shal~ upon demand o~ the ~or~gagee surrender possession of the # ~.~rtgaged ~r:,perty ~o t?~e Mortgagee, and the Mortgagee nay enter such ~ _ i _,r~per~y, ar.d ~e~ the sane and collect all zhe rents therefrom which - ' w~e due or ~o ~ecoWe due, ar:~ ap~ly the same, after payment oi all charges ~ ! ~:n~: ex~er,ses, ~n accour,'-,, o~ the ~ndebtedness hereby secured, and all such ~ ~ ~ ~zr.~s a::d a~l leases exist;no at the time of such default are 'nereby = g ~ :ssigned ~o ~ne ~:ortgagze as further security for the payment of the ~ ~:.::ebtednes~ secured hereby; and -the r:ortgagee may also dispossess, by f ~~.e usual s~anmary proceedings, any tenant defaulting in the paynent of ~ F ~ ~ ~.r.y rent to t'r.e i~ortgagee. s ~ ~ ~ In t?~~e event that the ;~ortgagor occupies the mortgaged pro- ~ ~ :.~rty or ar.y part tr,ereof the ~iortgagor agrees to surrender possession ; ~ suc: pr~~e:t;~ zo the Yortgagee immediately after any such defauit t 3 '~.ereu::dzr, ar.d i_' ~~:e ;~i~rtgagor remains 'in possession after such default, ; ~ ~ ::~ch ~~sse:si~n s:~ali be as a tenant of the i~ortgagee, and tY:e Mortgagor ~ :::~aii pa;~ ~n advance, upon de~and 'oy the T~Iortgagee, as a reasonable nonthly . ~ ~c::~2i ~ar t:.e ~re.~~ses occupied by the r~2ortgagor, an amount at least ~ _:cuiva~z::~ tc o::e-twelit?~ of tY;e aggregate of the twelve nontY:ly install- ~ - ~~r. ~s ~ a;~ac~e in `he current caler.dar year, p? us t::e actual amount of the ~ ;::ua~ g~~;an~ ren~, if zny, taxes, assess~ents, water rates, other gov- ~ ~ ~rr.~er.ta~ c'.:aroes, anc ir,surance premiu~s payable in connection with tne ::.:,rt~a~ed : ro~erzy c~.~rir,g such year, and upon the tailure of the Mort- ~ ~ uc:~ nont'r;l rer. ~al tr,e ~ort a or ma also be disp^ -~sessed ~ ~aoor to : a,~ s y , g g Y 1 ~a ~ t_ ~ the usual sualmary proceed~ngs applicable to tenants. This cavenan ~ i87 ~~~~2;?g~ . ~ _ y~~ ,!-x' - , .r„..- . ~ _ y ¢ ~ .