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,~, ~GC:E C d{-;-r, fLA,
ulId('r (0) of paragraph 2 preceding shall nol be sufficienllo pay grol:nd n'nL'\, lax.,s and aSSI'SSlIlI'nts
and insurance pn'miums, as lhe case may i.Je, wlwn lhe same shall tw~:onw dUl' anll payahll', th"1l tilt'
mortgagor shall pay to the mortgagee any amount Ih'l"l'ssary to make up tilt' deficiency...n or \...f"."., th.,
dati' wht'n paynwnl of such I{round renls, taxl's, a....;,s..ssnll'nL'\. or insurahce premiums shall Ilt' dll", If
al allY tinw the mOl1gaj{or shall tl'IH!cr to the mortj{a){I'l' in accordance with the provisions ,,1' th.. lI"t.'
sl~'ured hl'rehy, full paynH'nt of thl' "ntire indl'btt'dlll'ss repn'sl'nlt'd then'hy, thl' mortgal(l'c shall, III .olll-
PUtllll{ tht' aTllount of such ind..l)tl'(!nl'&.'\. l'redit to thl' account of thl' mortga){or all paYllwnts Iliad., llll.lo-r
lhl' provisions of (II) of paragraph 2 hen'of which the 1Il0rtgagl'l' has not 1ll'C!H1ll' ohli){atl'd to 1';1\ t" till'
Felh'ral Housing Commissioner and any balance n'lIlainlll){ ill the funds accumulated ulld.'r tilt' prll\ I"IIIIIS
IIf Ul) of said para){raph 2, If then' shall be a ddault undl'r any of thl' provisions of this 1Il0rt){ag." 1','-
suIting in a puhlic sale of the pn'misl'S clI\'l'rl'd h"il'h\', III' if the 1l1Ortg'IJ'~"I' acquil'l's thl' prop,'rty (Itl'l'r-
wise after ddault, the mortga){l'l' shall apply, at tllt' tillw of thl' co III II \I'1Il'l'ml'lIt of sl/l'h pn)('",'dl'lgs III' at
till' tine the propl'rty is othl'n\ise acquil'l.d, thl' balallt'!' tlll'n l'I'rnainill){ ill thl' fUllds alTu/llula!,'d lllillo-r
(b) of para){raph 2 prel'edill){ as a cl'I,dit aj!aillst thl' amount of prinl'lpa! th"1l r.'maillllll{ Illlp;lill ul!llt-r
said note and shall properly adjust allY paylllt'nts which shall hav,'lwl'llllladl' ullder (II) of s.lId l'ar;q,:Tapll.
4, That hl; will pay alltaxps, assessml'nt.s, water rat.,s, and otht'r KO\'l'r11nll'ntal or mllllicip;t1 I'It a 1').:'.',";,
tinl's, or impositiolls. for which pro\'isioll has not I)('l'nlllad.' h,'/"('inlll'fo/"(', alld in dt.fault ther.,of th,' 1r1"rt-
ga~l'e may pay the Sallll'; anti that hl' will prlllllptly dl,li\l'r the oilicial /'l'et'ipts thl'rl.fllr to tIlt' n:"rtj.;ag.""
5, Th.lt Iw will permit commit. or suift'r 110 waste, impairnll'nt, or dd.'rioratioll of sai,\ I'r"llt'rt\' ,Ill'
allY part thl'f'l'of; alld ill tne ,.\'t'llt df thl' failurl' of the 1II0rt).:'a){or to kl'l'P till' buildlll){s 011 sal,i pr.'IIIIS"'-;
alld those io Ill' ,'n'dt'd on said pl'l'rnisl's, ur illlprOVI'lIIl'llt.s th,'n'on, in I{ood f"t'p:llr. thl' mort).:'ag.", IlIay
makl' such rt'pairs a.." III its disl'rdion it may dt'I'Ii. n"t'!'ssary for th., prop,'r pl't'sl'!'\'atll.n tllt'l't,,,r, and th.,
full amoullt of I'ach and e\'l'ry such paYllll'nt shallll\' illlllH'diatl'I,\' dUI' ,111.1 payallt', and shall Ill' St'lUrt'"
by thl' litll of this 1II0rtg-agp,
6, That he will pay all and sing-ular till' CIlSt.", char){,s. and 1'''IIt'IIS''S, int'ludinj.; rl'as"lla'd., la\\,\'('I",..;
fl'es, and CUst." of abstrads of titlt', incurn,d or paid at allY tllll" b~' till' III"rtgag"" I".('albl' ot tIlt' fadllr..
011 the part of the murtl{a){lIr prun:ptly and fully to !h'rfurm tIll' agr""IIlt'llts and I'''''''nartls of salel pr"llI-
issory note and this rnurtga){l', and said co;;ts, charges. alld l'xpellst's sltall b,' imlll,'dialt.!y dw' and pay-
able and shall be secured by the lit'1l of this mortgage,
7, That hp will kf-ep tlw impro\'('Il11'nts 1l0W ,'xisting or hl'rl'aftl'r l'rectl'o 011 tIll' mortKal{l'd propl'rty~
illsUl'l'd a." may Iw /"('quin'd frolll timl' to tillll' by th" lII0rtKal{l'1' ag-ainst loss by I'll"" alld lltlll'r hazards,
casualties, and contill){"IlCi,.s in such amounts alld for su('h p.'riods as lIIay b,' I't''!ulr"d I,y rll"rtgag"',
and will pay promptly, Wht'll dut', :my pn'miuIlIs "II sUt'h IllSUrall('" fnr pa\'llll'lIt of \\h}('h prll\blllll i';I";
not b"1'1l m:\dl' hl'rt'illl...forl'" A:I insurall,'" shall lw carrit'd III 1"'lllpalll"S :lIlJ'I,,,\,'d I.y lll"rtg:tg.,., and
thl' policies 1.nt! I'l'nt'wals thl'rl'of shall Ill' ht'ld hy mortg.w..t' and havt' attadlt'd tllt'rdo i(,ss pa\ai>i..
clausl's ill favor of alld in form .\('('.'ptabl., to th,' IlIortl{agl'l', In l'vent of IIl";s hi' \\i11 1{1\'I' 11l111l.,.llat,>
llutin' hy mail tu nwrtga){,'t', and lllortgal{'>" Ilia\' mak,' prllllf of i",,,;s if lI"t Iliad" prlllllptl,\' I,~' 11IIlrtg;lg"r,
and I'aeh insuralH'l' COlllpallY t'IIll1"'rll,.d is h......h~, authorlzl'd alld dlrecL'd to llIak.' paYIIIl'llt ft.r Slid,
los~ din'('tl:, to morlj<a).;I't' ill,'.lt-ad of t.. Illllrt~agllr alld Illort){ag"., Jllllltly, alld thl' IIlSlIrall('" Pl'l'('l""!,;, III'
allY part th. n'nf, Illay IH' applll'd 1,,\' nll.rtgag.", at Its optlllll I'ltlll'r tll till' r,'dlll'tillll Ill' tl... 11,,,"\,11,.1111'';:'
hl'rl'by secun'(J or to the rl'storatloll or n'p.llr uf th.. prllpl'rty dalllag,'d, III ..\"llt IIf I'll r. T I 0,"; 1I 1',' of tLls
mortgage or other trallsf,'r of titl., to tht, IlIortga){,'d prllpl'rty III ,'xtillgtlishlllt'1I1 of tilt' IlId..\dl'dll"SS
secureo hereby, all ri~ht. titll', alld illtl-n'st IIf thl' mllrtgal{lIr ill and to allY IIlstlrant'" !,{dit'It.,; tllt'1I III fon'"
shall pass to the pur('hasi'r or granti'("
H" That thl' mortl{a){l'e may, at allY tin}.. (H'lldilll{ a suit UpOIl thi,; m',rtgag.., apply tll tl1l' ('our. ha\-
illg jurisdiction th,,/'t'IIf for till' appointllwllt IIf a r"I'I.iv..r, alld slIch (,"lIri ~hall fllrth\\'ith apI'''!!;' ;1
n'cl'ivl'r of thl' prt'mi:;.,s l'II\'I'!'t'd IlI'r..l)y all allr! sil~glllar, illduding all alld Slllgld;ll' till' IlIl'Olll", prolll',
iSSlll'S, and reVl'nul'S frolll whatevpr souJ'{'(' dl'riH'd, I'ach and 1'\'l'r~' of which, It 1"'lllg l'xp!'t'ssly ulld,'r-
St(IOt!, is hprpby mortl{aj.('I'd a." if specifically sd forth alld dl'sCrlht'd III tlw y,ralltlllg alld hal"'lIdulIllLtl!:;.,,;
h,'n'of. and such reel'ln'r shall iran' all the hroad alld l'ff,'l'ti\., fUlldilllls alld 1"'\\"1''; 111 all,\'\\ IS"
.'lItrustl'd b~' a court III a rt'('l'iv,'r, alld such app"illtml'lIt shall Ill' lIlad,' 1.\, SIIt'h {'Ollrt as an adllli1!.'"
I'quit...- alld a matter IIf al)solutl' r1){ht to said IIIIIrtgal{"", alld withlltlt !'t'f"I"'II{" to tf... ad"'lllan or IlIa,l-
('(Iua('~' of thl' valul' of tilt' prllp,'rty lIlortgag,'d or to till' SO""'II"~' III' IlIs"I\'III',\ III' ';;11.1 Il\IIrlg;ig"r "I' t il"
(jpfpndants, and that stll'h n'lIts, profits, :11"111111', iSSIl.,S, alld 1'I'\"II<1('S shall Ill' appll"" I)~' slll'L r,'{"'l\ .'1'
acconill1g to tlH' lit'1I IIf this 1Il0rtj.(':I){" alld the pradiu' of SUi'll ('ourt. III thl' I'\'l'llt Ill' allY d,'fault III. tl...
part of thl' mortgagol" lll'r,'ulld.'r, till' /llllrtgagllr a){n'.'s to pa,\' tll till' 11IIIrtg.Ij.r"I' 1111 dl'lllalld a,; a r".I"OZ:-
alll.. /llollthly n'lItal fllr tll" pr"IIlIS"S all :l!II11tl!lt at II'ast ,',!ul\al"llt tll IIll1',t \\,'Ifth (I,..') IIf th., aj.;gl'.gatl'
of thl' tw"lvl' IlIolltltl,\' IIlsLllllllt'lIts pa\ahl,' ill thl' tlH'1I ('UIT,'lIt YI'.d" I'll!:; tIll' adll;d am'lllllt ,ii' th" :llJIIUal
tax.,s, ass,'sSllll'lIt:;, \\;It.'/" ratl's, alld IlIsurallC" pl't'lIllUlIlS for stlt'h y,'ar II lit co\t,f"t'd !.v tI.., af'lrl'said
mOil th Iy paYlllt'lI ts,
!), The mortl{aj.('or furthpr CO\'I'lIalll:; that should this lllort)rag.' alld th.. not., SI'I'III"pd hl'rphy not IH'
I'ligibll' for insurance ulld..r th., :\'atiollal \Iousilll{ Ad wlthill frolll till' ,LIt.- hn,'of
(writtl'n statl'llH'llt of any ollie,'r of thl' Fl'dt'l'al Housillg Admillistratilln or ::uthllrlz,'d ag"lIt of th..
FI'dl'ral Housillg COlllll1is~ioll"I' dat,'d SUhSI>i!Ut'lIt tll tlH' tlllll' f!'t'111 tlif' dat" (,I' tl'l"
1Il0ri.gagl', d{'{'lininl{ to insurl' ~aid lIott' and this lIlortgag.', l...lllg d"I'lIl1'd lilli' 1t1,1\,' 1'1'11"1' of Slid, lll-
eligibility), thl' 1Il0rtga){I'" or tilt' holdt.r of till' notl' may, at It...; optloll, d..dar.' all SIIlIlS s,'clln'd I...r..l.y
irnmediatl'ly dui' and payable,
10, That ((/) ill tilt' 1'\'l'llt of allY hl'l'ach of this mortgagl' or d,'fault (," till' part ,,1' tll" 1I1,t'tgal{tlr, tlr
(0) in the 1'\'t'llt that allY of said SUIllS of 1Il011l'y hl'n'llI n.fl'IT,'d ttl Ill' lIt1t pr"lIll'tl\ alld 1'1111\ paId \\llh-
out demand or notil'l', or (r) if! thl' 1'\'('lIt that l'aeh alld I'v,'ry tilt' st ipubt lI'IIS, a~rl,.'IIl"lltS. ctllldlti':II:';,
a'1(! covenants of ~aid note alld this nlUrt){a~e, an' Ilot dul~', proIllptI~', alld fully pt':'fllrIl1l'd: tlll'lI i.,
either or any such 1'\'t'llt. 'hI' said :l1{1{r.'g..tl' sum nll'ntiollt'd ill said illltt' th"1I !'t'ln:lIl1illg IlIlpaid. with
int('ri'st accrlwo to that timl', alld all mOIH'YS securl'o 1H'I'I'h~', shall hl'colllt' dill' alld pa\'ald,' forth\\ltl1,
or thl'rl'aftl'r, at the option of s;>,id mortJ.('Rl{el', as full~' and Clllllplt.t,'l~' as If all tlf tilt' saId Sldns of 111011"\-
w('re originally stipulatl'o to iJl' paid on stll'h da\', allythillg- in said Ilotl' or III this IIltlrtgag., tll th.' 1'{,lItran'
notwithstandin){; and tht'rpupoll or th,'n'aft,'r, at thl' option of ~aid 1l1llrtgag"", \\ Ithl/ut 11,.tIC" or d,'llIalld,
suit at law or in t'quity, llIay he pros('('utl't! a.<; if all mOIlI'~'S Sl'l'url'd hl'r..tl\' had lIlatur,.d prior to Its Illsti-
tution, The ll1ortl{alo("'1' may forl'c1osl' this 1Il0rt){a~I', a_" to ..hi' aIlloullt so d"l'lan'd dul' alld l'a\';tl,J", alld
th!' said pn'mises shall be sold to satisf~' alld pa~' thl' saIllI' tOl{dh,'r with costs, p"p"ns.'s, alld allll\\';lI11'I'~,
In casl' of partial forl'eiosure of this IllOrtl{:II{I', the ll1olil{al{l'd prPlllisl's shall IH' sold suhi"l't to th.' {'Oll-
tinuin~ lipn of this P1Ortgal{e tor thl' amoullt of till' dl,bt not thl'll litH' alld ullpaid, In such casl' thl' pro-
visions of this paral{raph may agaill Ill' a\'aill'd III' tll,'rt'aft,'r from tlm,' to tln1l' b~' tl1I' lllortgagt'I',
11, That thl' mortl{al{or will gi\'" immediate 1I0ticl' by nrail to till' rn(Jrtga~"l' of allY l'OIl\I'y;1I1(,i'.
trallsfl'r, or chan){l' of oWlll'rship (,f thl' premises,
12, That no wai\'pr of any l'O\'('llallt herpin or of till' ohli~ati{)n SP('lIr..r! hprphy shall at any till\('
then'after Iw held to be a wai\','r of tlll' krms h,'rl'of of of the note secured hereby,
~~:t:t-t:s.
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