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C; T;. llClE COUNTY" ;1".
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DW' (b) of ~,' J ~....., ,._,11I ,....._..~, 'R::, iWIt&,.... * .,' 1J.t~ 'lilt
ud ~ ~ AI .. ... z-. "'.... ... _ ....~ .. _ ~ u.. ..
mortppr JhaI1 PQ to 'taw ........ .. _t =:."'.. ...'up _ fi6Jia:,', ._ bel.. ~
date ow&. I*1JDDt ~ ... ~' ..... tans, Q....-1NIl . ~ ~UDaI NIisn be du. If
at &Il)' timo.. ~... ta4c' to lhe ~ ia 1CDCdI... with .... Pl'O'riai05 of the note
MCund 'heNb7. 6dl ~ of tb Ill\ke~~.. "." tW~ ebM.!L in com.
pati~ tIut ..-..out ol.......~t to the aocout of.. ~ d ~ta nwt. under
the proviaioDa ~ ~ ~ 2. wtueb tiM ~.... BOt beeom.4l oblipt>Mi to pey to the
Federal H~ ~ &ad ... hW~ ~ Ii tf.i8.... 6CCWDuWed under the proviaiou
of (II) cf Hid ~.. Uhre IIiaU bt a tWauIt mMler ..,. of the PI'OvWiom of thw mo~ ...
lulttq Us a pv.blie sal. of tile pnmiN!leovered ~= If the I8OlI'tp.pe ac:quireI the property Other.
~ tlfter default, tb. ~ shall apj)!7, at the oft.be"'l'IM~toflJUch pro<<edinpora~
the t.bxM the ~ 11 otIlerwiM KQldnd. the bAJM<<l t.hea ~ iD th lunda lCCUmulated "nd4ll'
(b) of 2 p .., a eretUt GpiDIt Uk amount of . pal th_ nmainin, unpaid under
wd note~ahAll pro::rl~Ult AIl)' po.,vmenta which aha!l have 11 macW uuder (4) of Mid parqr&ph,
~, Th&t he will .., ail taDa. UleliUiCllllia, water ratM. aDd otaer aovernmental or municipal cl1a1"1Mt
~ or impollitiona, for wbieh proviaion bas Dot been made he:nriabefore, and ill default thereof the mort- '
~ may pay the aa.me; and that h. win promptly dcliver tlM oIIIcial receipt. tb.ttre10f to the lr.ortppe.
5, That he will permit, eom.mlt, or luffer no wut~ impairment, or deterioration of &aid propert). or
any part th.nof; and in the eV8Dt of the failure of the mortpaw to keep the buildinp on aaia prf'miaee
And thoae to be erected on laid premiaee, 01' impl'Ovementa tlieiwn, in load repair, the mortgagee may
m&ke IUch fepairau ill ita diaeMiOll it may deem neu--ary fl)r th. proper pnlMrvaUon thereof, and the
full amount of each and t'Very.aeh pllJ'JDeIlt Iball be ilamediAtdy due.1Ad payable, and JhaU be HCUred
by tho! lien of this mortpp..
6. That he will pay all .00 aiDlUlar the co.ta. charaea, and U;JIenHe, indudilll 1'eU01".able lawyer's
Ieee, and Ct)6(8 of a~tl"acta of titk!, incurred or paid at any time by the mortar.,ee beeauae or the failure
on the part of th'! mortgagor promptly and fully to jierf(\nn the -.nementa and covenanbl of said prom-
issory nete a.nd thi.e mortrqe. and laid eosta,char... and expenaea shAll be immediately due and pay_
able and .ball be leCured tr!'~ lien of thia mot'ta....
7, ThAt he will keep the improvementa now exi.tiftl' or hereafter erected on the mo~ed property,
iJUlured as may be required from time to time by the mor+..~ qaiMt loss by ftre and otiler ha~ards,
r.aBualtiee, an<! continwende. in luch amount. and for luch ~riod'l as may be require<! by mortgagee,
and will J>liy promptly, when due, any p!'eIJliuma on such inaurance for payment of which provision hu
not been made hereinbefore. All insurance ahall bE: carried in compames approved by mo~1;gagee and
the policies 8:1d renewals thereof ah..ll be held by mort~~"e &Ild hav8 attact-.ed ther-eto Iou pa,rable
dsu.es in favor of and in fonn acceptable tel the mortgaeee, In event ot 1088 he will gi\'e immediate
notice by mail to mort~, and morta-agee l1lay mab prMf of loa if not made promptly by mortgagor,
and each in.surance company concern~ ia hereby authorized and directed to make payment for !uch
lOb di~tly to mortga~ instead of to inortgagor and mortlagee jointly, anG the inlurance proceeds, or
any part the!:"eO~, may be applied by mortgagee at ita option either to the reduction of the indebtednesa
hereby HCured or to the restoration or repair of the property damAgeo. In event of foreclosure of this
mortgap or other tranafer of title to the mortgaged property in extinguishment 0: the indebtednea&
aecured hereby, all ri~~tJe, and interelt of the mort,_or in and to Any inaurance policies then in force
Dhall puB to the pure or ~1Ultee.
8. That the mortgape mar, at any time peedin, a auit upon tb~ mortgage, apply to the eourt hav-
ing iuriadiction thereof for the appointment of a rec'!!:ver, and such court shall forthwith appoint a
receiver of the ?remiacs covered hereby all and singular, including !lll and singular the income, profits,
i58uea, and revenues from whatever source derived, each &lld every of which, it being expressly under-
stood, ia hereby mortgaged as ilspeciflcally set forth and described in the granting and habendum clauses
hereof, JUld auch receiver ahall have alt the broad and effective funetion8 and powers in anywise
e:1truated by & court to a receiver, and auch appointmen~ shall brt made by- luch court AI an admitted
equity and a matter of ab801ut~ rii'ht to laid morlgai'ee, and without reference to the adequacy or inad-
equacy of the value of the property mortgaged or to the solvency or inaolveney of said mortgxgor or the
defendanu, and that luch renta, profit8, income, iSGue" and revenu~ shall be applied by such receiver
accordiug to the lien of this mortgage and the practice of such court. In the eVen~ of any default on the
part of the mortgagor hereunder, the mortgagor agrees to pny .;0 the mort~agee on clem and 2.S a reason-
able monthly rental for the premise" an amount at leut equ:v~!ent to one-twelfth (1/12) of the aggregate
of the twelve monthly irultallments payable in the then current year ~lugthe actual amount of the annuai
tax~l 8.lI8e&Sments, water rates, and inauramce premiuma tor such year not covered by the aforesaid
montllly payments,
9. The mortgagor furth~r covena:t.u that should thill moTtl.ase a.nd the note se-.:ured hereby iiot be
eligible foy iluurance under Ute !-l".uor..a1 HOUli~ Act within jO DA y::) from the date hereof
(written statement of any officer of the Federal Howsing Admini&tration or authorized agent of the
Federel HOU8i~g, ComJ~iuioner ~.ted atib~u~t to the :;0 DAYS timt; from the date of t~is
mortg94fe, dechnmi to Insure !aId nou ana thla mortgage, bemr aeemed conclU31'o'e proof of auch m.
eligibility), the mortg~ or the holder ot the note >nay, at ita option. declare ail sums secured hereby
immediately due and payable.
to, That (a) in the event of a."lY bNach of thi8 mortgage or default on the pint of the mortgagor. or
(b) in the event that any of said suma of money herein referred to bt.: not promptly and fully paid with-
out demand or notice. or (c) in th() event thAt e~h ..nd every t:he ilt;rulations, agrC~lrnents, cOi\ditic.:s,
.and covenanta ot said nct.e Md thia mortgap, 3J'4! not July, promptly, !lnd fully perf.::;nned: the:1 in
~ither or allY such even,t,.the Mk' :-.ii.'l!iat~ aum 111Entioned in <ia!d nde t.hen remaining unpaid, ....:ith
mtere8t accrued to that tlme. and all mOl1eY! M!C\Jl"ed hereby, shall become due and payable fcrthwlth,
or the:-eafier, at the option of said mortp.gee, ~ fuBy and completely as if all of the !lllid SUn/R of mone);
were originaBy atipulated to be paid on lueh day, a.ly,thing In M:d note or in thil mortgage to th€ umtnry
notwithl!lt~ndi!l&,; and tnereupon or thenaf'ter, at th:e option of aa~d mortp.gee. '.dthout notice or d<>tnand,
lIuit at 1&':7 ot' in equity. may be JI!"OMtuted III if all mooeY1 HCured h~y had rrlatured prior t(l ita, ifi.ti~
tutJon. The mortgll.ge-e may foreclose titie mortzal't, as to the a..YJ1Ount 50 Geclared due lill\d pa:;able, and
tile &aid piemisea thaU be ;10M to I&tisfy Md pay the same tocether with coats, ~!)eua.ee. and .1lQwancea.
In cue of partial f'orecioeure oi thill mor1:p.se, ~ mortp.ged ?ftInises ahall be .<old subject ttJ th'! con-
tinuing lien ot this mon-ran for th~ &moo..mt of the Jebt nQt then due 4l1d unpaid. In $uch Cd<' t.~e pro-
viaiona ot thi!l pM~.t"a.pt. may agaill be ..v~Wd of thereaiter from tirn~ to tim-e by the Fiorta8.r~,
, 11. That the mOl"tpllor will l1\>e il'M\ledi&~ notice b," mail t.o the mMtpJee of any conveyance.
tr~(f:r. or dumge of owne:rahip of the prerrllle8,
12. That no waiver of any ('.;Gwnant MNin or f;'~ th~ l"bHli.1i\.inn secured her~ 8hal: at any time
tht!~~U>r b t..!ld tt) bor) a wltiyer of th~ termt! hereof Qr d the n.~ MC'lrOO hereOf.
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