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Home My WebLink About2851 ~ i i , 10. Tl~e 1`k~~t,;a~;ec, by am~ o[ itti +~?~rutg or ~epresentativcR, shall have the ri.~lil 1:~~ ins~ic~•t th~~ ~uc~rtt;ile;~~1 ~•r•~~~~•~'ly [r~tn time to timc At tttly r~~eSOn.lhlr I~~~u- uf ~.h~• ~ay. Shuulci thc ur~r~?:~~:~yl ~•rup~rty~ ~~r any ~,ict th4ra~of~ nt Hm ~ ir.ir rc:qutr~~ iuspaction. rcpair. ~:1rr ur ~lt~•nl[on ul Anv k1~1d O~' ~uitur~• aot = ~~r~~vi~l:vl by t~1~1~ MarL};a~;~~ as: ~I~l.•rmi~uKl by th~ Ht~i'C,;a~~c.' in its 8ole di:~.•r~`- ! ~iun.-thr rk,rl};aE;ee ~~uy, a[tcr uo~ic~• ~u [hr Morr~;s~;or, ~ntrr or ca~~se cntr~• ~ to h~ c~adc~ upon tl~e ueort~,afi,ed .propert y.~n~i inspect, repai r, proteet, car.~ f~r or ~n:ii nca in suct~ pro~~erty, as tiic IiorC~;abee aiay in its sole discretion dec+n necess~ry, and aiay pay all smounts of ~noney therefor, se tha Mortgagee ~y i~ its sole discretion deem necessary. ~ ~ , 11. The principal amount owin;; on the Note to~ether with interest thereon - ' acKl all other charges, as thcrcin provided, and all other amounts of naney awin~; by the Mortgasor to the liortgagee pursuant to and secured by this Mort~a~;e, slial2 i~uaediately becauc due and payable vithout notice or demand upon the appointuient of a receiver or liquidator, w~ether voluntary or ia- voluntary, for the l~brtgagor or any of the property of the Mortgagor, or upon the fili~ oE a petition by or against the Mortgagor under the provisions of any Slate insalvency law, or uncler tl:e provisions of the Bankruptcy Act of 1S9R, ~s amcnde~l, or upo~ the makini; by the MortFagor of an assi~nment for the bcnef~t ~f the Mortga;;or's crcditars. The Mort~agee is authorized to ~lec2are, :+t its ortion, all or any part of suc~ inclebtedness i~~~aediately due and payable s~ron r,ie ?~appenin~ of any ot the followin; events: (a) Fai l~~re to pay ttu- amount ~~f any installment of principal and ineerest, or other c~.ar~es payable on the Note, which shall have brcane: due, prior to th~~ due date of the next such installment; (b). Nc+npertor:aance by the Mortoagor of any covenant, a~reecaent, term or conditian of this Mortgage, or of the Note (except as othervise provided in subd3visiun (a) ner~of) or of any other agreemen[ here[ofore, iterewith ar hereafter made by the Martgagor ~+ith the r4ortgagee in con- ~ nection With such indebtedaess, ~fter the Hortgagor has been given due notice by the Mortgagee uf suci~ nonperformance; (c) Failure of Che-Mort~agot to ~erfor.l any covenanc, agreement, term o~ cone;ition in any instru:-nent creati:~g a lien upon tF.:- ~~rtga~eci pro- pcrty, or any part therco~, .:tiicii shall have prioritv ovcr the lien ~f ' ri,is *tort a~je- ff p 1 (d) .'he Mort~;a~ee'~; J israve:ry oi the Mortga~ar~s f.lilure in any appli- ~ I c~rion of the Mr.z c~;a~;nr t~~ r3e~~ I~loi-tga~ ee to disclose any fact ~ee~ed by ~ th~ ~tortgagee t~~ t~.~ m:~tcria l, or ~f the making tnere~n, or in anv of the .~;~reemecets entere~ into by tl~e hlortgagor vith t~i~e Mattgagce (inrluJi~~;, but not limited tl~r t~~te an3 this Mortga;;e) any r.~isre~- ~-~:~tation h~:, ~n behalf ~~f, or foc t:~~• he~:efi~ ~f [he Mertga~c~-- (r•j The sale, iease or other transfer of any k°nd c~; nature of the m.,r~;aged property, or any rart thereof, without thc• nrior wri~ten consent a£ tiie Mortgagee; ~~he '~toreragce~s failure to exercise ~ny of its rights hereunder :.ail not ~on- ~ sti[ute a Waiver thereof. All thc cvents ~n this Yara~ra~h c~rzwnerat^1 upon thi ~ har~eni.~~ of anJ of which t}ie No[~ si:all become, or may be declarc~ oe, ~ immed iately due and p4;~able are in tl~is Nort~age called "events of ~3efault." ~2. ';ortoa~;ce r.~ay from time r_u ti~ae cure each default under any covenant ~r av,reec.*.en: in any instrument creatin~ a lien upon the a~ortgaged prop~rty, or a~~~ I,arl tl:creof ~ Whici: snall navc ~riority over the licr. of tt~i_s Mortgafie, to suc:~ eK! ~~nt as the 24ort~agec r.tiay er.cl~isively determine, and each amouni paid, i f an~; , t>•: the i?1o~ tgagee to cure any such default shall be paid by the Mortgagor _o titc Mortga~ee, and [he ~for[gagee shal? ~lso become subro;a[ed to ahatever ri; 's:ts .1~~ helc!er oi the prior lien i~i~i~c have us~der such inslruQrent. t i":. {a; r~~ter !iie happ~nin~ of any ~~efault hereunder, nc~ "tortgagor shall, uPon •'er.an, ~~f the Mortflagee, sur-enr~r p~ssessian of ti~e :norrs;agc~ prt~~+erty ~O ltite i•~il'~agee, and thc .~[ort;;a;ec G~3~ enter St1C~T ~rc:p~~rt~~ 711(~ it'C C~1P c3~1e a~+1 ~_nt le:.C ~ 11 t}:e rents ti~erefrom whz~}1 are duc~ or ~o beco:~e ci~~e, and ai ply ti,c~ ~.a--i~:, at re- payr.~er.t nf al] char~;es an~l e::penses, ~n accouot ~f Che indebtec~- r•~~s: s i. cf,; secu: ed , anr 311 saci? z-c:~ts an: :~11 leases i't i~~~,; at the ` ime o C ~ . 2 t ~ ~j`~, , r ~ ` ' - a R 22g ~~2850 ` - . - BOOK ` _;~,~r-_._~ - - : ~