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V ~ r1ST. lUC1E COUNTY flR.
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nnder (b) of paragraph 2 Preceding sl-all not be suf!lcient to pay ground rents, taxes and aasesaments
when the name shall become due and payable, then the
and insurance premiums, as the case maY be,
mortgagor shall pay to the mortgage any amount necessary to make up the deficiency, on or before the
date when payment of such ground rents, taxes, saaeaament0. or insurance premiums shall be due. If
at any time the mortgagor shall tender to the mortgagee in accordance with the provisions of the note
ent of the entire indebtedness represented thereby. the mortgagee shall, in com-
secured hereby. fall pa3-m
puting the amount o such indebtedness, credit to the account of the mortgagor all pa~rtnents made under
the proviaiot-s of (a) of paragraph 2 hereof which the mnnogg has not become obligated to pay to the
Federal Housing Comma Zio i there shall abe default nndernany of the provisions of this mo rgage,ore-
of (b) of said paragraph
salting in s public sale of the premises covered hereby. or if the mortgagee acquires the property other-
wise after default, the mortgagee shall apply, at the time of the commencement of such proceedings or at _
the time the property is otherw~ae acquired, the balance then remaining in the funds accumulated under
(b) of paragraph 2 preced as a credit ap~nst the amount of principal then remaining unpaid under
said note and shall properly adjust any Payments which shall have been made under (a) of acid paragraph.
4. That he will pay all taxes, asaceamenta, water rates. and other governmental or municipal charges,
fines, or impositions, for which provision has not been made hereinbefore, and in default thereof the mort-
gagce may pay the same; and t2ut he will promptly deliver the odlcial receipts therefor to the mortgagee.
b. That he will permit. commit, or auger no waste, impairment, or deterioration of said property or
any part thereof ;and in the event of the failure of the mortgagor to keep the buildin~e mortgagee may
and those to be enacted on said premises, or improvements ereon, in good repair, .
full amount f each and every such nPRYm~ dth~ be l~~iately due and payab eatand shall be secured
by the lien of this mortgage.
6. That he will pay all and singular the costa, charges, and expenses. inclugdeieng reasonable lawyer's
fees, and costa of abstracts of title, inc a d full ~todperform the agreements and cov Hants of said arom~
on the part of the mortgagor promptly Y
isaory note and thui mortgage, and acid costa, charges, and expenses shall be immediately due an pay-
able and shall be secured by the lien of this mortgage.
7. That he will keeF 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.
casualNee, and contingencies in such amounts and for auc~ periods as may be required by mortgagee.
and will pay promptly, when due, any premiums on such insurance for ~syment of which provision has
not been made hereinbefore. All insurance shall be carried in ~d have attpached thereto to a payab e
the policies snd renewals thereof shall be held by mortgagee
clauses in favor of and in form acceptable to the mortgagee. In event of loss he will gyve immediate
notice bq 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 part 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 indebtednes3
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.
8. That the mortgagee , a 1 to the court hav-
may, at any time pending a•auit upon this mortgage PP Y
ing jurisdiction thereof for the appointment of a receiver, and such court shall forthwith appoint a
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 bung expressly under.
stood is hereby mortgaged as if specifically set forth and described in the granting and habendum clauses
hereof, and such receiver shall have all the broam~tds~;ct~iv made by au h eouprt as an admitted
entrusted by a court to a receiver, and ouch appo'
equity and a matter of absolute right to said mortgagee, and without reference to the adequacy or inad-
equacy of the vslfle of the property mortgaged onto 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 even n demand as a reason-
part of the mortgagor hereunder, the mortgagor agrees to pay to the mortgagee of the aggregate
able monthly rental for the premises an amount at least equivalent to one-twelfth (5,:)
of the twelve monthly installments payable in the then current year plus the actual amount of the annual
taxes aasesamenta, water rates, and insurance premiums for such year not co~~red by the aforesaid
monthly Payments.
9. The mortgagor further covenants that should this mortgaged s e note fs ~ur~ sedate hereof
eligible for insurance under the National Housing Act within K3vv y
(written statement of any officer of the Federal Housing Administration ortamue)for~~the date of thfa
Federal Housing Commissioner dated subsequent to the a#o~ g deiemed conclusive proof of ouch in-
mo gaffe, declining to insure said note and this mortgage, bbeein
eligibility), the mortgagee or the holder of the note may. at its option, declare all sums secured hereby
immediately dne and payable.
10. That (a) in the event of any breach of this mortgag or default on the part of the mortgagor, or
(b) in the event that any of said sums of money herein Hie erred to be not promptly and fully paid with-
~wt demand or notice, or (a) in the event that each and every the stipulations, agreements, conditions,
sad eovgnants of said note and this mortgagor are not duly. Promptly.' and fully performed : then. in
either or any-auch event, the said aggregate sum mentioned in said note then remaining unpaid with
interest accrued to that time, and all moseys secured hereby. shall become due and payable forthwith,
or thereafter, st the option of said mortgagee, as fully and completely as if all of the said sums of money
were ong~1 ly atipuLted to be paid on such day a thi in said note or in this mortgage to the contrary
notwithstanding; and thereupon or thereafter. at the o~on of said mortgagee. without notice or demand,
salt at law or in egnitY, may be prosecated as if all moneys secured hereby bad matared prior to its inati-
tntion. The mortgagee may foreclose this mo as to the aafovnt so declared due snd payable, and
the said premises shall be sold to satisfy and p~yt easame together-with costs. expenses, and allowances.
In que of partial foreclosure of this mort~a~e~ the mort premises shall be sold subject to the cow
tinuing lien of the mortgage for the amount ofd ~= i~ ti~inewto tine by the mortgagee. a p~
visions o! thb paragraph maY spin be availed
11. That the mortgagor wW glue immediate notice by mail to the mortgagee of any conveyance,
transfer. or change of ownership o the pranises.
the ireafter be held to bs a waaiver al the terms hereof or of the naote~sswred hezeb7~'• y ~ at any time