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i~). T~~a :Inrt~::~;ec, by :+m• ul i~~: r~,;~•utti or representati~~c~, sh~ll hsve the .
ri..~:t t.~ i~is~?c~•l th~• uMrtf;a~:~y! ~,i-u~,rrtti• lr~m ttme to timc .~t miv r~~ason.~hlr :
h~u~r ui ~i~.• ~la~•. Slwuld thc r.N,i~~;:~~~~rl ~•r~ip~•rty~ ur .-~ny ~z~rt th~~r~~of~ n[ Nn•: ;
+ a~~x• rr~~~~ir.~ lns~ec~tlon. rcpaie. .,~rr ~~r att~•nlion ~~1 am• ktnd or iii~tut~r ai~t
~.e~?v~~~•~! h~• tlit9 Dk?rly;a~~e as •It•1~•r~aiiuKl 1?y th~~ Mor[.~;tlt~er in its ~ol~` dis:r.•-
~:..n fh~~ ~~.~rl..aus.~ mnar_ t~~l'or ~~A1 iri• 1~~ [~li• lk~rt'~!aLai-. ~`i1CCl' UI' CAIIS@ l`Ill C\'
to h~ r~dr e~po~ the a~ortf;a~;ed property :~m! i~~spect, repair., protect, cnr~• fm- t
or ~waenta:n s«ch property, as tl~c Morl~;As;ee may in its sole discretion dcem ~
nccessary, snd neay pay atl amounts of money therefor, as the Mort~agee may in
its so2e discretion deem necessary.
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11. ?he principal amount u~rin;; on Che Note together with interest thereon ~
a~i atl other charges, as therein provided, and all other amounts of money ;
winv by the i~brt~a~or to the Mortgagee pursuant to and sccured by this ~
Mortaa;;e, shall imnediately becaae due and payable WithouC no~fre or demand
upon the appointment of a receiver or liqufdator, W~ether voluntary or in-
voluntaty, for the Mortgagor or any oE the property of the Mortgagor, ur upon
the filin~ oE a petition by or aEainst the~Mort~agor under the provisions of
any State insolvency law, or uncler the provisions of the Bankruptry Act of
~ IS~ :s as a..x~ncie.+, or upon Che nakin,~ by the ~S~ort¢ar~r cf an $ssi~n~nen~ Far tlle
bcnefit o: the Mort~a~;or's creditors. Ti•x *brCga~;ee i: authorized to Jecla;e,
at its oation, all ar any part of such inclebtedness ir~,i~ediatcly due and payaDle
u~on t~~c happenin~ o f an~~ o f the fol loui n; event s:
(a) Fa:l~~re to pay r.h~ a~nount of any ins[all.men[ ot principal and
intcrest, or other ChaY;:~'S payablc_ on the Note, which shall have
t~ecanc due~ prior to tlie d:ie date of the next such insta2lment;
(b) Nonperf~rmance by the Mortgagar of any covenani~, agreement, te ~
or condition of this Mortgage, or of the Note (except as othetv+ise
provided in subdivision (a) hereof) or of any other agreement heretofore,
heres~ri"th or cerea£cer made by ~ne i»or~gngor aii.ii i~i~ ClV1l.~aKCC ir~ c~.-~-
nection With sucn indebtedness, af[er the Mortgagor has been given due
notice by the :9urtgagee o~ such nonperformance;
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(c) Fail~~re of the Mortgagor to perfotm any covenant, agreement, tetrcn
o-- cerx':ilion in ony instrument creating a tien iipon the mortgageci pro-
}~crL-v, or any pa: thcrco: , vhicli shall have priority ov.~r the lie~~ ~•f
ti?:r; '~~rt,;a~e;
t ~E~e Mbr[g::~ec•':~ dis~ ~~v~,ry ~~f the MorCgagor~s Cailure in any appli-
t ; 3? : o~ of [he A:~. i t~;: ~;or t•~ cL~~ Mor[Ra~ee to disclose any fact ~ee~ed by -
~ Ehe ,~lortg~gee tv b~ T~?terial, or of the making therein, or in any of [he
~ a~~re~~ments ent~re~ into by the Mort~;agor vith Che Mort~agee (inct~i:~inb,
b~~t not limited to, tt~e Note and this Mortga~e} nf any r.iisre~:-^se.~tatic~n
~ h~, or~ behalE or for th~ !~enefit of the Hortga^or; ~
The sale, iease or o[her transter af any k'nd or nature ef the
~e~rt~aged propPrty, or anv part thereof, without the nrior written consen[
of ?.iie ;IArtgagee;
:he M~rt:;agi:e~s failure to e~:ercise any ~f its rights hereunder ~;:zll not : on-
s[i[ute a Waivcr thereof. All the evrnts in this Para~ranh enumerate~:l up~n thi:
~ ha~;~e~ri.t~ of an~ of Whicn the Note st~all become, or may be declared to be, .
i*~ediate2~ due and pa;~able .:z-e in this Mort~;age called "events of default."
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i2. _tort;;a,~c-e r~at from time ti~e cure each default under any covenant
= rr a^:e._nen~ in any insrrument creatin~ a lien ~~pon the mort~aged propPr[y, or
a•.~ ~~ar1 r;:ereof, wi~ici~ snal] iiave priorit~~ ove: the lien of thi.s Mortba~;e, to
~ suc:~ 2<~- nf as the Mort~agec r.u~y e~cl~~sively determ~ne, and each amount paid,
~ i: a~,;-, h•: _he Mortgagee to cure any suct~ default shall be paid by the Mortga~or
~ c~:e rlort~a~ee, acxi the ;iort~agee shall also hecome subro;ated to ~rhatever. ~
~ -i;.'~:s lzel~er o~ [l:e prior li~n ini~i~t have under such instrument. ~
z ,i
.1=_"ter the hap~~~cTin~ oC any :lefa»1[ hereunde:, :he ;!ortgagor si,atl,
~!~Cr(i •J~r3L3 ~ c)f Cfl~' E:ort~a~ee, s~~rr~~nc~~~~- ~~ss~ssi~n Of C~li' :^.'lOiC,^,3~'CC~ ~I~!~erty i
~(1 ~ n t~ e r
~ e:k,r~ arre, an~i thc No. r,a ;ee r:~a} enter su~h ~+roperty~ anci 1~~ ehe Gane d
~n-t ~~,tl_.:t all the r~•nts tiierefrom which are duc or to become ~ue, ar.d a;~pIy ~
~'~E- ,:?`rP- pa«:~er:c ~f a13 char„es an~i expenses, c~n acco>>n[ of ti~e in~3~bte~:- ;
- s i,_, secu: eri , aiE~' a l l s~?ci~ rc~rts ar:' al l le~ses i~; r i n~, at rtie ~ imc o~ `
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