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Home My WebLink About0217 'AV=~~=-~abl~"~ .. ...... the "10M,. OIl or before the Of........ preUUIDI ahall be due, If Iii ..II,IM u with tM proviaiOlLl of the note "-lIli" ....., u..morta..- shall, in com- '.. .nlU* of... ~aaor all ~ents made under wIdlIIl U. ....... _ DOt become obh,ated to pay to the nIII...... the hDcII accumulated under the provisions .~.... fr!q of the proviaiona of this mortgage. re- -~t 01' It tM mort;paee acquires the property other- ,.. ~ameOlftheoommencementdauch proceedings or at In'll ( w th.a .....lniDJ in the fund& accumulated under , 11Il~ the &IDOUDt of princIpal-then remaining unpaid under . . .' _ fI/q .,.,...."Irlch abaIl have beeu made under (a) of said paragl'aph, . ....~ 1 - ~tII,,,... rateI. and other pvemmental or mu~icipal charges. ~ ~ ... BOt been made hereinbefore, and in default thereof the mort- JaM...... will pnmptly deliver the ofBcial receipt. therefor to the rr.ortgagee. 0.; . ~" . ~.~~' _ - '" ~'orea<<eraoWut.. impairment, or deterioratiQn of said property or :,' . - t --,Of the taUun of the morta&&Or to keep the buildmgs on saia pl"'mises .' .~. .. ..rd ~l~..or improvement. tliereon, in good repair. the mortgagl'(' may ~,1:- ............,... In ita.u.cntion it may deem ne~ !or the proper pr~ervation thereof, and the ~ '" ~....... if'" ADd "'.", Rch payment ahall be llnmedlately due and payable, and shall be Sl'Cured t ~ tM l'- crt tIlIa...... ' ' -.t, , . . ~ - -\~" , .. ftM _ wiD PAT an aDd ablIular the COIta, charJeS. snd eX(lenses. including reasonable lawwr's 1",. ;.act coat. of abatraeta of title, incurred or paid at any time by the mortgagee because of the fa'ilure .. the part of the mortcaaor promptly and fully to perform the agreements and covenants of said prolll- 11IOI7 IIlOtle and tbia mortcaae. and said costs, charges, and expenses shall be immediatelv due and pay- able aDd aball be IICUI'ed by the lien of this mortl&ge, . '1. That he will keep the impl'C?vemen~ now exiatipg or hereafter erected on the mortgaged propl'rty, lDIurecI .. may be required from tlme to tIme by-the mortgagee against loss by 6rt> and other hazar,ls, euualtiell, and contilllenciea in 8uch amounts and for such periods as may be rt.>((uin'd by mortl{al{l'e, and win pay promptly, when due. any premiums on such insuranre for paynwnt of which pro\'lsion ha~ not been made hereinbefore, Ail insl;rance shall be carried in companies approwd hy mortl{aj{t.(. :\JHl U1e polieh!l and renewals thereof shall be held by mortgagee and ha\'e attadlt'd thereto loss payahle cJa... in fa,vor of and in fonn acceptable to the mortgagee, In event of los,-; he will gin' imllll'diatp noti~~ mail to mortgagee, and mortgagee may make proof of loss if not Ill,uk promptly by mort)!a)!OI', and insurance company concerned is hereby authorized and directed to make paynll'lIt fOl' such Iou directly to mortgagee instead of to mortgagor and mortgagef.' jointly, awl till' illsurancl' Pl"o('l'l'ds, 01' any part thereof, may be applied by mortgagee at its option l'ither to thl' rpdul'tioll of thl' illdt'ht,.(hIl'SS hereby secured or to the restoration or rt'pai r of the property damag('(l. In I'\'ent of fO!'l'dosu n' of this mortp&e or other transfer of title to the mortgaged propt'rty in extin)!uishnll'llt of the Illd..tlt,'dIIf'SS l16Cured hereby, all right, title, and interest of the mortgagor in and to ,any insllrann' poli('il's HII'll III fo!'l't' .hall pua to the purchuer or grantee. 8, That the mortgagee may. at -any time pending a suit UpOIl this mllrt)!agl', apply to the eourt hav- ing juriadiction thereof for the appointment of a rpcf.'ivl'r, and such court shall forthwith appolllt a receiver of the premises covered hereby all and sillgular, inducling all and sin)!ular till' inconw, prolits, issues, Bnd revenues from whatever source derived, each an,1 every of which, it I"'III)! I'xp!'l'ssly IIlld,'r- stood, is hereby mortgaged as if specifically st't forth an,l descrilwd in till' )!rant ill)! alld halwllllllm dalls,'s hereof. and such receiver shall have all the hroad alHI ('([edin' fundions alld powl'rs in ;\IIn\'isp entrusted by a court to a receiver, anei such appoint nWllt shall h" madl' hy Sill'll ('ourt as all ad III itt,.(1 equity and a matter of ahsoiute ril(ht to said mortgal(('l', anrl without r"f(,J't'IH'l' t.. till' .1I1"qua("\' fll' inad- equacy of the value of the proJl{'rty mort~a)!l'd or to thl' sol\'I'JI('~' or ins!lh't'Il(,~' of said Illort J.('aJ.('ol' or till' defendants, and that slll'h rt'nts, profits, im'olllt" issul's, and n'\'t'nuI'S shall I", applll'd hy sUl'h n'('f.i\'t'r according to the lien (If this mol'tga)!l' alld thl' pradict' of Sill'll ('Ollrl., In tI\l' ,'\'t'nt of an~' d.,fault ..II till' part of the mortga)!or hf'rl'\IIHIt'r, th.. mort)!aKor aJtn'l's to pay to till' Illort)!a)!t't' on dt'llland as a !'I'ason- able monthly r('ntal (01' till' prt'mist.s all amount at Ipast ,.qui\'alt'lIt to ont'-t wplfth (II:) of t ht' aJ.(')!I't'J.('att' of the twelve monthly installmt'nts payahlt' in the Uwn ('urrt'nt Yl'ar plus till' aetual amount (If tht' allllual taxes a...'\.!~t'ssments. water rate!'!. and insuranc.. prt.miullls for sudl .y"ar not I'll\','n'd hy till' afOl'psaid monthly payments, ' 9, The mortgagor further covenants that should this 1110 rtl(aj{1' ;\IId th.. not.. s4'I'un'd ht'n,h~- not ht' eligible for insuram'e ullder the National Housing Act within . fro\ll th.' datI' h,'rt'of (writtt'n statement of an\" officer of the Fedl'ral HOllsin)! Administration :11' allthllrizl'd all"lIt of the Federal Housing Commi~ioner dat(>cJ SIlUsl.'ljul'nt to the UIlIt' frolll tilt' dati' ..f this mortgage, declining to insure said note and this nlllrtKa)!t', IwillK d''i'Ill,'d (,OIlIIIlSI\(' pnHlf of .;udl 111- eligibility). the mortl(al(ee or the holdpr of the note may, il~ its option, d.,dan' all sums S,'('ul't.d ht'l't'hy immediately due and payable, 10. That (n) in the e\'ent of any hreach of this mllrt)!aj.!l' or dl'fault on tho' part of till' Illort)!a)!nr, or (b) in the f.'vent that any of said sums of money herein reft'rrl'd to hl' not promptl" and fully paid with- out demand or notin', or (r) in the event that t'ach' allll p\'pry tilt' stipulations, allrt'plllt'nts. l'ondltions, and covenants of said note and this mortJ(age, art' not dul~', p..omptl~.. alld full, pI'l'fOrllll'd; t"t'1l in either or any such e\'l'nt, the said ak'l(regate sum mention..d in salll II lit, , tlll'n 1'l'llIainin)! IInpaid. with interest accrued to that time, and all moneys st'('url'd hprehy. shall IH'I'Oml' (hit. and pa~'ahl(' forthwith, or therl'after, at th" option of said mortgaJ(f.'l', as fu lIy and complt.ti'I~' all if allllf till' said SIIIllS of mOIll'~' were oriJ(inally stipulat('d to h(' paid on such day, anythinl{ in said II lit I' or in this mOI't)!a)!,' to tIll' ,'olltrar~' notwithstandinl(; and th('reupon or there'after, at th.. opt ionllf said mort j.!a)!t't' , without \lot in' or d,'mand. suit at law or in N(uity may hI' prost'cuted as if?1I monl'Ys sl'l'url'(llwrt'hy had matllrf'(1 Pl'i",' to its illsti- t.ution, The mortgag('e may for('('!ose this mortgage, as to tilt' amount _so o..l'1an'd dill' and r;\\'ahll', and th(' said premises shall be sold to sati"f\' :lnd pa\' thl' sailW to)!"th('r with costs, ('Xpt'IlSI'S, and allowances. In c~(' of partial foreclosure of this mClrtl(al((, the mllrt~a)!..d prf'mises shall hI' sold slIhjl'd tll till' ("n- tinuing lipn of this mortgaJ(e for the amount of the d('bt not thf.'n clue and unpaid. In ~uch ,'asp th.. pro- visions of this paragraph may agam he availf.'d of th..rt'after from timp to t inw hy thp mortl(aj{p('. 11. That the mortgagor will gi\'e imml'diate noticp by mail to th(' mortg.ll(C't' of (Iny I'Olln'yallce. transfpr. or chan)!(' of oWfwrship of the premist's. 12, That no waiver of any (:ov('nant herein or of thl' obligation sC'('urf.'c! herpby shall at any time thprcaftcr be held to be a waiver of the tenns hereof or of the note sccun>d hereby.