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Home My WebLink About1286i s T ~ ~ ~~ ~ ~,~ ~ ;~.• ..nay rP. .Ma• ~s • _ _ +~ ~. ••1 .. ender (b) ~ pdratc'api- i pte0eaing aia~ not M~ FF reey. ta~t~et and are~a~e~ab and insurance remia~. as tie case matr be. _ dne and pbaWe,then the mortgagor shall pay to the a~~~ee W am°n°t ~ >~+aM up the debcie~-cy. on er bKore the date when payment o! anett rwty taxd. ~' ~ran°e pevminms shall bs dne. Ii at any time the mortgagor shall ten8rr to the mortgages in aoooedanoe with tie provisions of the note secured 6ereby~ itiill t of the tatite i~ideb~tedness reptrsented thereby. ibe ~• in com- puting the amount such indebtedn credit to the aooonnt oI the nsartiagor all payments made under the provisions c! a) of paragraph St which the has not become obligated to pay to the Federal Housing ~~ and ~ ~~ na~g~ in the fund accumulated under the provisions of (b) of said Ph $• lit there shall ~ a deZr wlt~under aWr of t~-e p='oviaions of this mortgage, re- sulting in a pu lie sale o! the premises covered hereby or it the mortgagee aognires the property other- wise after default, the nu~ ahaA apply. at the time of the commencement of such proceedings or at the time the pro*m~c~in a~ s c~ii~asathi'n,rtbal~ amauni,~val ~~'~~~~ unlp~ under ($) 8f jiarlf,~a~,js 2 P_ _ ,~ __~_~av ~.~.~£}; 1, ~l 1, ~ „~,~.~a nre~• / ~~^a Dar~.f~'8i~h. li p~liiii y ~y.r: ~'Ji a~a:~y`' ~`- ~ !r ~. '2_ -!i__- S!f'.C _ ~._.r t~) Q~ ~+ •Y !' sus Hole au -_ ... ... _ • ~. That he grill pay all ta~cea, assessments, water rates, and other governmental ar municipal charges, flnea, az impositions, for which provision has not been made hereinbefore, and in default thereof the mort^ gam rosy pay the same; and that he will promptly deliver the ofUcial receipts therefor to the mortgagee. 6. That he will permit, commit, or sutler no waste, impairment, or deterioration o! said property or any part thereof ;and in the event of the failure of the mortgagor to keep the buildings on acid premises and those to be erected on said premises, or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it may deea-n necessary for the proper preaervatlon thereof, and the full amount of each and every such payment shall be immediately due and payable, and shall be secured by the lien of this mortgage. - 6. That he will pay all and singular the costa, charges, and expenses, including reasonable lawyer's fees, and costa of abstracts of title, incurred or paid at any time by the mortgagee because of the failure on the part of the mortgagor promptly and fully to perform the agreements and covenants of said prom- issory note and this mortgage, and said mo, charges, and expenses shall be immediately due and pay- able and shall be secured by the lien of this rtgage. ?. That he will keel the improvements now existing or hereafter erected on the mortgaged property, insured as may be required from time to time by the mortgagee against loss by fire and other hazards, casualties, and contingencies in such amounts and for ouch periods as may be required by mortgagee, and will pay promptly, when due, any premiums on such insurance for payment of which provision has not been made hereinbefore. Ali insurance shall be carried in companies appLoved by^mortgagee hid the policies and renewals thereof shall be held by mortgagee and have attsca.e3 th~r~.,c •.:...= r-Y---- clausea in favor of and in form acceptable to the mortgagee. In event of loss he will give immediate n~! ice by mail to mortgagee, and mortgagee may make proof of loss if not made promptly by mortgagor, and each insurance company concerned is hereby authorized and directed to make payment for such loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds. or any rt thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title, and interest of the mortgagor in and to any insurance policies then in force shall pass to the purchaser or grantee. ,~ a, ~ ;f :_:•_•±•: ±1±;. mnrtQege, apply to the court hav- n•.:...sf-a~a t11pV. At any tllliii pciiuing ti• ail.- r--- • _t~11 e„~~a~`...~ 1. annnint a. lllOb Wac auv. •BMe-- -"_.. `iii.. t.. rr.."-' ins iurisdiction thereof for the appointment of a receiver, and sucu ~,~:~ ~ o=...^• _~_ s receiver of the premises covered hereby all and singular, including all and singular the income, profits. issues, and revenues from whatever source derived, each and every of which, it being expressly under- stood, is hereby mortgaged as if apeciftcally set forth and described in the granting and habendum clauses hereof, and such receiver shall have all the brow meat ahallcbe m~decby auchnc ouprt as an adm tted entrusted by a court to a receiver, and such appo equity and a matter of absolute right to said mortgagee, and without reference to the adequacy or inad- equacy of the value of the property mortgaged or to the solvency or insolvency of said mortgagor or the defendants, and that such rents, profits, income, issues, and revenues shall be applied by such receiver according to the lien of this mortgage and the practice of such court. In the event of any default on the part of the mortgagor hereunder, the mortgagor agrees to Pay to the mortgagee on demand as a reason- able monthly rental for the premises an amount at least equivalent to one-twelfth (!12) of the aggregate of the twelve monthly installments payable in the then current year plus the actual amount of the annual taxes assessments, water rates, and insurance premiums for such year not covered by the aforesaid monthly payments. 9. The mortgagor further covenants that should this mortgage and the note f rm heedate hereof eligible for insurance under the National Housing Act within 30 DAYS (written statement of any offtcer of the Federal Housing Adminiatrat~on ortane from the date of thin Federal Housing Commissioner dated subsequent to the ~ ~faX~~ned conclusive proof of such in- mort^°^e a°clin'-^-g t^ ina»re said note and this mortgage, fieln -~ , p,.,,hy 6°f y .• a •a_ a'.... ,arlsra A~! Rtln'13 ut~ h__ eligibility), the mortgagee or the holder of the note may, a~ :~vjaa..v=•• d..-•--- -- - immediai;eiy due slid payable. 10. Thzt (a) in the event of any breach of this mortgage or de:sult on the part of the mortgagor, or (b) in the event that any of said soma of money herein referred to be not promptl• and fully paid with- out demand or notice, or (c) in the event that each and every the atipulationa, agreements, conditions, and covenants of said note and thus mortgage, are not duly, promptly, and fully performed; then in either or any such event, the said aggregate sum mentioned in said note then remaining unpaid, with interest accrued to that time, and all moneys secured hereby, shall become due and payable forthwith, or thereafter, at the option of said mortgagee, as fully and completely as if all of the said sums of mornaeryy were originally stipulated to be paid on such day, anything in acid note or in threis~m~h ~ otice or demand, notwithstanding; and thereupon or thereafter, at the option of Said mortgag suit at law or in equity, may be prosecuted as if all moneys secured hereby had matured priorpto its insti- tution. The mortgagee may foreclose this mortgage,~e tt~etimer withocoataaexpenaes, and allowlanc~. the said premises shall be sold to satisfy and pay tthh ~~ shall be sold subject to the con- In case of partial foreclosure of this mortgage, the mortgaged p tinning lien of this mortgage for the amount of the debt not then due and unpaid. In such case the pro- visions of this paragraph may again be availed of thereafter from time to time by the mortgagee. 11. That the mortgagor will give immediate notice by mail to the mortgagee of any conveyance, transfer, or change of ownership of the premises. li ~~ secured hereby shall at any time 12. That no waiver of any covenant herein or of the ob ga thereafter be held to be a waiver of the terms hereof or of the note secured hereby. o