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'\Del ~ _pr~.. .. tM eue ... ......... Ole .., , .NoIJme .. .... ", u.. tM
1bOt~ IIU\U 'pq to the ~.. ~"'=!l=*V'" . tho 11n,aJ;.J0I.ttP' ~
date "Wba~'" ..,....-r........... -au..~ ~~ ' be due. 'Jl
at &Z1Y ttJurt U. ~ ... ..... to tIlle ~ ba Ilal:lf4n.. with .. ...~ of t.Iwl ..
~ ...." full ~,c( ~... ~- '* II.illS"",,,,~ Ihall. Ie ctm-
r:.7~~1.) ~~~tt.~~==~u=~n;:
Fedaral !loa8iaI' Co:mn~.... .. ~ ~.~ iii ..,.. MeUIft~ Wldllr the PJ"Wiaiont
of (b) 01 WI! ~ t. 11' then.... bl. dtlalt ... MY, of.. ~viaiou cf lb. mo~t reo
.uJtlDa In a ~ ~ otthe preUaIj o,ftl\t4...... or It tM........ aeq1J.ihl ~y OUlOf'-
wile after default, th. ~ Iha APPb'. at htbMflltbeNmnleneemeatofllUCh inporu
the time the ~ a otherw1.o ~lnd. .. baltMe .. ~~ b~ the lunda accamuJated under
(b) of p&.raCraph ~ ~iDl.". end" ..... the -MIiOUat 01, Pl! then. rema.inir.c IInpaid under
laid note and Iball properIJ MJuet 8117 ~te which...... ha..- ......... (.) of laid ~aph.
4. That he will pc)' aU tax.. UleMDMIlta, ..ate!' ratea, ADd other ~6ittai or mUllieipaJ cha.rpa,
fine!!, or impo<iona, f~ which proviaion bu DOt been IHde h....before, aad ila del..lt thereof the mort-
rape ID&1 paf the aaroe; aDd that he wlJJ JtI'OIDptlJ deHvv the oIIda1 receJpta tllerefor to the mo~.
5. That he will perrnit, commit, or Idel' aD wute, tmpairmalt, M deterioration of wd property 01
auy part ti.el"eot; and in the event of the failure o! the mortnaf;r to keep th~ buUdini" un IAl0 prtm'isea
and thoee to t>e erected on aaid premiael, or ~eata tieieoa, in Iood r~. the mortaqee may
make IUch repain u in ita ~iaerebon it may deem ~ tor the proper preservation thereof, and t.:le
full amount of each and every luch pa)'mel1l.... De ity,lftecli&tel)r due and ~able, and ahall be lleCu:-ed
by the lien of thi, mortcqo..
, ,
e. 'Phathe will ~y an ud lti~lar t!:.e COItI, e~ 'Ud experiaes, ineJudiq reuonable law)"'er's
:tw.. and ooeta 0: abstracts ot title, inclll'l"eCl-or paid at..,- time by the mortc~ bee.use of the failure
on the part of the mo~r promptly ud :taUr to r-lcmn the a,tp'eImlenta and covenanta of lair! prom.
iuory note ...,d this mort...... aDd laid eoata, ehazlM. ,Rd GpeDaeI ahall be inunediately C:\!e And pay_
able and ahall be Meum by tM lien of thi.1 morta.....
7, That he wiu keep the improvements now RUtin<< or hereafter ended on the mort&'aged proPerty,
insured u may be required tram time to time by the mortaApi aninat Iou by :ire and other hazard.,
easuRlties, and continpneiel in sueh amount. and for suen periocla AI may be I'f!lquired by mort""<*l,
and will pay promptly, whan d~u!, any premiums on such jnauN.n~ for \>ayment of which proviaion haa
not been nu!de hereinbefore. All inaurance shall be carried in ccmpames t4l1proved by mortplee and
the policiel and renewall thereof shall be held by mori8'&l8e and have attached thereto Iou payable
ciauaea in favor of and in form a<<eptable to tha mortgaaret, in ~vent of Iou he will j';ve immediate
notice b)' mail to mortp~, And mOKI&Je8 may make proof of lOll if not made promptly by mortg&IO;',
and each il1luranee company t~ncemed i, herf>~)' authori~ and directed to make payment for luch
1081 directly to mortlARee instead of to mortlalOr and m\lrtpree jointly, anti thi! insurllnce proceed3, or
any pari thereof, m&y be applic:d by mortgagee at ita option either ,to the reduction of th~ indebtedne8s
hereby secured or to the rfJJtor&tion or repair of the property damq-ed. In .:\-'ent of lorecloeure of this
mortg~ or other transfer of title to the mQrt&.1j;ed property in extinguishment of the indebtedness
leCured hereby, ~H ri:;ht, title, and intereaot of th., mortllqor in and to aey i.iBurance policies then in force
shall pau to the purchaaer or grantee,
8. That the mortgagee may, at any time pending a lult upon thia mortg~. apply to the court bav-
inr juri.diction thereof for the appointment of a receiver, and luch court shall forthwith appoint a
receiver of the premises cov,.sred hereby all and ain,ul&.!'. inc.lu':iini "W iind singular the income, profits,
i3aue8, and revenues from wh.Qtever lKIurce derived, each. and every vf which, it being expressly under.
stood, il hereby mortgaged &8 if specifl{'Jll\y set forth and described in the granting ar.d habendum clam~es
hereof, and such receiver shaH have all the broad aDd effective functions and powers in anywi5e
entruated by .. court to a raceiver; and /Juch appointment shall be made by such court &8 an admitted
equity .nd a mattel of absolute right to said nlOrtragee, and without reference to the adequacy or inad.
equer.y cf the. value of the property mortraged or to the iolveney or insolvency of said mortgagor or the
defendanta, and that such reilta, profits, income, iasuea, and revenues shall 00 applied by such receiver
according to thf! lien of this mortgage and the practic~ of such court. In the event of any default on t~e
part of thE'! mortgagor hereunder. the mortgagor agrees to pay to the mortgagee on demand as a reason-
able monthly rental for the premisea an amount at least equivalent to o!le-twelfth (~12) of thl? aggrt'gate
of the twel'-'e mont.hly ioatt.lllmeni.8 payab:e in the tnen CUTnnt yen plus the actual amount of the annual
t.ax~l auesamenta, water rates, and insurance premiums lor such year not covered by the aforesaid
mont-nly paymenu.
9. The mortgr,gor further c""enant.a that ahou:d this mQrtnge a.nd Hie note 8~ured hereby Tlot be
elia-ible for inauranc~ under the National HOIJAing Act within bO dare from the Gate hereof
(written statement of any officer of the Fedt'r!ll Housing AdministratIon Ct' authol"'1t.:ed agent of the
Federal Houaing Commi.uioner dated subrequent to the af ore e ald time from thf d'lte of this
mc.rtgage, declining to insure said note and tht. mor..a;age, being deemed conclusive proof of Ilu(;h in.
eligii.>lllty)" the mortgage'!! or the holder of the note may, at itA option, d~'Clare all sums secured hereby
immediately due and payable,
10. That (a) in t:1e event of any br'uch of thiB mortgage or default on the part of the mortgagor. or
(b) in the event that any of laid sum:: ol money herein referred to be act prom'ptiy and fully paid with-
out demand or notke, or (c) in the t;vent tiult each and every the stipulat;ons, Rg'i"E€iIJenb, conditions,
and covenants of Baid n?te ~nd this morti'g":!!, ATZ not duly, prompt;y, ana fully P':'I'formet1; t!Hn\ inaeitlwr or any such event. thr! W~ agi'tftgate l!U!1"I mentioned in &aid note then remam!flg ur:paid, with
iflter~t 8cuUed to that tim€-, and all mi)"leye ae-;:l1red hereby. 8tUilJ bec')me due ~n<i ~yab:e forthwitrl,
or thereafter, at the option of Itlicl mortra~1 .,,~ fuHy and comp1eU!ly as if all of the u.id sums of mcney
we~ or!gin~!Jy 3tlpulatw W he t.::a,' i~ on tIIueh day., &n;ythin~ in uid note or in thi! mortgage to the c0HtralT
notwithstanding; '!nd th€reuprlU 0" thMU.,"";!t" t: th~ ophon of uid i!lOr!gagee. witho~H not:ce ar demand,
suit ~t law or in equity, may be pr~uted A' If ~~i IOoneYl secur~ hereby had matured ptior tc iw. inrti.
t\1ticn, The mo~lttree nuly iortICt~ this m..>rt1l'llge, u to the amount l!!O declared due and p_>'able, and
the uie! premiJie8 shaH be sold to GtiAty and pay the ~o.me t~er wlt~. ~oatL,. expeMe.i, ~nd allowance4,
In case of partial foreeloouNl of thiJ milrtraare, the mortp~d PM!m!us shall ~ !CIa 8ilb]eet to the eon-
'nuil1S' ii"n of thili illOrtga.re t01' the &mount. ot the debt not then due L'la u,npa;d. In tlueh cMetl\e pro-
illoPlJ 0t th;a p&r!\g'taph may ~in be availGd uf 'i;here.a.ftf:<1' from time to tIme by the mort~.
11. Th~t the murt~r '.Vii! ;riv!: ~lT..me-:Jiate notice by m~n t(l the mortgagae of !lny COI1V~YMefjJ
.Eier, or chAnge of owtlerihio of the premiaea,
12 Th~t no wlliwr of &ny covcn:Ant herirln or 01 the obHption iCXur~ h~reby 3t~1l et any tim6
heraaft.tr be htld to be a waivo.r ;Jf the tema hi"i"ec: or of Ul~ ilote MC'Jn!d fieNDY.
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