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!~~~~iu~788 <br />9. Upon aay failure 6y the Mortgagor to comply with or perform anq of the terms, covenants or conditi^as of this Mort- <br />gage requiting the payment of any amount of money by the Mortgagor, other than the principal amount of the loan evidenced by <br />the Nate, interest and other charges, as provided in the Note, the Mortgagee may at its option make such payment. Every <br />payment so made by the Mortgagee (including reasonable attorney's fees incurred thereby), with interest thereon from the date <br />d salt payment, at the ntt of six percent (6Sra) per annum, eztept any payment for which a different rate of intettst is <br />specified hettin, shall be payable by the Mortgagor to the Mortgagee on demand and shall be secured by this Mortgage. 'I'bis <br />Mort$aga with respect to any such amount and the intetesC thereon, shall constitute a lien on the mortgaged property prior to <br />lay other lien attaching of accruing subsequent to the lien of this Mortgage. <br />I0. Tht Mortgagee, by any of its agents or reprtxntatives, shall have the right to inspect the mortgaged property from time <br />ro time at any reasonable hoot of the day. Should the mortgaged property, or any part thetenf, st any time require inspection, <br />repair, art or attention of any kind or nature not provided by this Mortgage as determined h9 the Mortgagee in its soli dis- <br />ttetisa, the Mattgaget map, :free notice Eo the Mortgagor, enter or cause enteq to hr made upon, the mortgaged property, and <br />respect, tepaac, protect, cart far or maintain such property, ss the Mortgagee map in i[s sole discretion deem necessary, and may <br />pap a![ :mounts M moaep threfor, as the Mortgagee may in its sole discretion deem necessuy. <br />21, 7br principal atrwunf owing nn the Note together with interest thereon and all ether <hargrs, as therein provided, <br />and ati odtet amounts of eraney awing by the Mortgagor to the Dfortgagre pursuant to and secured or intended to be secured <br />by tiffs Mortgage, shall immediately become dot and payable without notice or demaod upon the appointment of a receiver or <br />lignidattu, whether voluntan or iavoluntup, foe the Mortgagor or any or the property of the Aortgagor, or upon the filing of <br />a petition by or against the Mortgagor under the provisions of any State insolvency lour, or under the provisions of the Bank- <br />raptty Act of 189$ as aramdtd, of upon We making by the MoNgagor of an assignment for the benefit of the Mortgagor's creditors. <br />27te Mortgagee is auWoriaed to dedatt, at its option, all rr anp part of such indcbtcdneu immediately due and payable upon tht <br />6appenie$ of anq of tIx following evrnts: <br />(a) Failure to pay the amount of any instalment of principil and interest, or other charges payablt on the Note, which shill <br />have became due, prior m tlx due date of the next such installment; <br />(b) Noaperfarmanct by the Mortgagor of any covenant, agrttment, term or condition of this Mortgage, or of the Note <br />(empt ss otherwix provided in subdivision (a) herrnf) or of any other agrrcment herctofarq herewith of heruftez made <br />by the Mortgagor with the Mortgagee is mnaertion with such indebtedness; <br />{e) Fsilarc of the Mortgagor to perform any <avtnaat, agreement, even or condition in anp instrumrnt creating a lira upon <br />the mortgaged property, or arty part thereof, which shall have priority aver the lien of this Mortgage; <br />(d) The Mott;a;ee's diacavery of the Mortga~tttr's failure in aay sppli.ation of the Dfortgagar to the Mortgagee to disclose <br />aay #aet deemed by the Mortgagee to be material, or of the making thereto or in aay of the agrermeats entered into <br />by the Mart$agar with the Mortgagee (including„ but not limited tn, the \ote and this Mortgage) of aay misreptcseo• <br />cortege bp, on behalf of, as for the beirtfit of, the Mortgagor; <br />{e) 'Iit soft, base ru oehcr tnasfrr of aay kind ar stare of the mortgaged property, ar anp part thetenf, without the prior <br />wrfttm caaaeat of the Mortgagee; <br />{n 7'he enactment after the date of this Mortgage of nap law of the Scare of tic3+raska deducting from the value of <br />the mortp$cd pmpeeg for any part thereof), for the purpox of tazation. any lien thereon, o: changing in aay wap <br />its kws for the taxarioa of mortgages ar debts se~vred by mortgage for sate ar Iocs1 purposes, or the manna of ml{ec- <br />ta~ of s~ stash tar, so u to affect this Morrga$e, and if after such enxRmrnt or change the holder of the Note and this <br />Mart;age gives writtrn notice to the Diortgagar deiluin$ the lore and all other indebiedrrss secured by this Mortgs$a <br />eo he doe and payablq bmux of any such enactment or dsanae, immediately upon the ezpirataan of thirty ('10) days <br />aker aarh antra. <br />Ybe iNOttaa;ee'a faitate to egtcix aay M its ri;hts herenteda stall not constitute a aairet thereof. All the events in this Pua- <br />~ mamented capon the happening of any of schich the \otr shall bnome, ar may be declared to be, irnmedistely due and <br />payable, ate is this ldatilage catltd "events of defaair"- <br />it Tie INS a may tram time to liar care each default under any caseaant at a$rremtni in aay instalment antra; a <br />Rea open the rmrt;a;ed preperip, or nap put theeof, which slap base priority aver the lien of this Mertga;e, to such ezteat <br />n the 3kut;a$ee mar ezclusively detamiae, and ucb smoaai }aid (i# anp) by the liongagec to cure sap such default shall be paid <br />by dr itrlart;a;ar ~ the fifortq$te; and ~ ![art~;er shall also iaecasx sober>$ated to whatever rights the balder t>f the prim <br />iron aa;bt hour undo seuh ist. <br />13. {a) Afut the hsppesia; of anp default hzretuidrt, the Mortgagor slut! apace demand d ffie Mortgagee surstadet posses- <br />siaa of the sasr!$~yac} proprrrf to ttie 3fartEagtr, and the MMt;ogre may rater suit property, and [ex the same and cottett alt the <br />teats tltadsam whits are dot ar tb bttorne doe, and apple the saate, after payment of alt charges and expenses, an ucouat of <br />fie inddfedaca laereip trxntad, sad all satb carts and al! lusts tzifiiag st the ciao of such default are 6eitby assi$n+_d Lo the <br />n fntdiex acutaty far the psyantui of flu ia$tbttKlreess secured hereby; and the Mortgagee may also dispossess, by the <br />aaaal sasuaretp proceeriiag, nap tenant ddaaltiag is the payment of aay rear to the Mortgagee. <br />(i) h ffie avast that tik Hartgagar +acrapies the marYpged gruprrty or nap part thereof, the Mortgagor agrees M sutrtodtr <br />psmasrioa d sad+ psaperty to the Mortgagee iamediatrl; after nap sack ddault herrussder, and if the Mortgagor remains in par <br />ta±~na also s~ -~-sau!r., s~ paasns~ shall be as : irmat ,f SSe 'Mortgagoe a.~ tisr Ma;t$a~r slap gay in adsanct. upon <br />demaod ~ ffie Mme, as a teasooahlt 1f rental #ar the preauscs accapicd by ttrc Mortgagor, an amotmt at Itast egaiviltni <br />ao itaetait~ ad the aWvPrt of the iwetse moathty iostatlterats p:,i •hlr is tfx current calendar year, Plus ffie nectar amount ~ <br />tic aae~l ;[otmd rest, if arc, tags, uxssm®n. sneer rafts, other govrrammW charges sad iasursatt premiums psyabk in <br />otmaardoa with the mot[$a$rd property durist$ sn~ you, and nptm the iailtttt of the Martgs;or to pap such monthly renal, <br />!bt ;m say sloe be ~ ~bp tfx usual sssromar; prticeedrags apf+iirabte to ttaatits. This coveaani shall became <br />autism iaemed`aately rapm the happestirt; of anp soda ddault, ss determined is tIx ante discretion of the Mortgagee, rho dull <br />~ raatice ref tauh dttuaeinatiras to xht 7doi2$agar; sad tar •ffie cox o£ forrtasure acrd the appaintmtat of s receiver of the teats, <br />dte +~ aFVtsam mall iarst sri ffie haxii! ~ axle rec2iser. <br />li lit ltart;a,/ee m aay nation to fwecfe.se Chas DiaaTpgt shall be entitled to the appoiatttxai of a rrttiser without rsotir4 <br />tp a stNSet of ~ sad witiavt taYud ~ the valat of the mort;a;ed propene, or the solvency ar insolxenQ of the Mortga;ot <br />ar tgiec pas1J Iiaile lot the payment ad tie Alan sad olitr itrdebtcdtxu secured by ifas Mart;.t$e <br />13.. lie )tet~s;ra. witftiq ten (tfl) daps taptte regstcat is person or witltin tsruty (20) days upon request by mail. will <br />fmaitl ~ a w#ittatt ttatammt ~ farm rtuidacEOry to flee Mottp;ee, si;atd by ~ Mortga;or sad duly ackaowltd;ed, of <br />'the amemt data as'ittt au dte Notc asd adres atxured by tits Marip;t, sad whalier sup offsets or Menses <br />Y~Fa ~- ~ a®r- oaf p'rt tiatta[. <br />ffi A7ac ~act;yet ~ .;iaR amardsate aoLot by .~ "' t» [ertifitd mall to the ]Sdilftai;K lit anp tut, damage ar other <br />a afiext~ ~[ psapary, m of aay casny+aa. txaader air chats;c ie ownership of such property, or anp part <br />- dtatauG . <br />Ly. Ido6rar sad dettsmd ar stgnest _~ be anode in ~ ;*/:,$ std may be sensed in person a by rruiL <br />1S. !s ufa d a fansiaAUe oak ~, t6e d property it aay be sold iei ens parcel. <br />39. 'tie ]Idwl;pnr'ss~11 oat ~ $e Yeffis. if-~ Lt trhofe a is part, from the tswrigaged property, or any part thereof, <br />-r~ ~ of ;~ '~t'~~. <br />