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Home My WebLink About2753~' ~b~K 28 P~c~622 and insurance premiums, as the case may such excess ahaU be ~ ~~~~ ma ~ the mor~tgagoi payments to be made by the mortgagorS~~l1Q>~-!Y~!lM~f !~ and rents, taxes and sasesamenta ph 2 preceding ahaD sot bs sulDcient th pay ~co a due and payable. then the under (b) ~ ~ the case ~ be, when the name shall beoom and insurance ,p ~ e mortgages any amount neceasar~- to make up the deflciency.~~l ~ due. ~If mortgago ahau ~t of ouch ground rants. ~ce• °aents, or insurances premiums date when paYm r shall tender to the mortgagee in accordance with the proviaio~ahallthn om- at any time the mortgaQo~t of the entire indebtedness represented thereby, the mortgagee ~~~ hereby. ~ p~ym r all eats made under puting the amount of suct- indebte Zece~ which the~unt o! the not a obp li~gated to pay to the the provisions of (a) of p ~a~a~d ~ ~~ce ~~~~~da accumulated under the provisions Federal Housing Comma of the provisions of this mortgage, re- of (b) of said parallz'aPh 2' u thm'e ~ ~ a default un er any aultiag u- a pu lic sale of the prem~ ap~~ ~ ytime oHi tthhe emommrt e~cem~t of~au h prpoce~edinga or at wise after default, th ~ ~ squired, the balance then remaining in the funds accumulated under the time the pa 1~Yp ~ a alt a~aindt the amount of principal then remaining unpaid under (b) of paragr pn xro~j~t any pgyments which shall have been made under (a) of aa~d Paragraph. _ said note andd shall p Pei'lY ~~ water rates. and other governmental or municipal charges. 4. That he will pay all taxes, sssi~iam Race, or impoaihons. for which provision has not b ~~~~~c~o~ ip~ltherefor to themortgagee. g~ nns~- pay the same; and that he will promptly or suffer no waste, impairment, or deterioration of said property or 6. That he will permit, connnaut, r to keep the buildings on said premises ~, p~ thereof ;and in the event of the failure of the mortgago r, the mortgagee may on said premises. or unprovementa thereon. in good repai and those to ~ ~~ • tion it may deem neoeses~' for the proper p~ervation thereof, and the make ouch repairs as in its d~acre eat shall be immediately due and payable, and shall be secured full amount of each and every such paYm by the lien of this mortgaSe. ~ oosta.c6arg~ and expensce. including reasonable lawyer's 6. That he will pay all and_sinSular d st any time by the mortgagee because of the failure lees. and costs of abstracts ~f tiro n~pt1Y ~ ully~to Perform the agreements and covenants of said prom- on the part of the mortgago p and said ~~ chargce, and ~penaea shall be immediately due an pay- issory note and this inortg able and shall be secured by lien of this mortgage. ?. That he will keel the improvements now existing or hereafter ertecl~ b fire andgother hazards, insured as may be required from time to time by the mortgagee .~ ~ may ~ required by mortgagee. casualties, and contingencies in such amounts and for succhh pert eat of which provision has and ~p pay promptly, when due, any premiums on such insurance for paym not been made hereinbefore. All insurance shall be carried in acend have attpached theryeto loe payab e the policies and renewals thereof shall be held by mortgagee In event of loss he will give immediate clauses itn favor of and in ford mcceo P~ ma ewe proof'of loss if not made promptly be t fo g such notice byy mail to mortgagee. concerned m hereby authorized and directed to make paym sad each ~ui'aIIOe company rand mortgagee jointly, and the insurance proceeds. or loss directly to mortgagee instead of to mortgago , "tthh ~qpat't thereof, may be applied by mortgagee f the °~~~ ~~ a In event of fo e 1 uretof th s hereby secured or to the restoration or repai ag^e~ ro 1n ~ctinguiahment of the indebtedness mortgage or other transfer ° and interest of the mortgaSor~inrtsnd to any insurance policies then in force secured hereby. all right, title, tee. shall pass to the purchaser or gran mortgage. apply ~ the court hav- 8. That the mortgagee may; at any time Pending a suit upon thin int a ing jurisdiction thereof for the appointment of a receiver, and such court shall forthwith appo receiver of the premises covered hereby all and singular, in~a eves Y to which,~lbeing expressly u der- iaspes. and revenues from whatever source derived, each nttng and habendum clauses stood, is hereby mortgaged as if apeciflcally set forth and described in the gra veers in anywise hereof, and such receiver shall have all the bYoadm~td~ ~~ made by such court as an admitted entrusted by a court to a receiver, and such appo and without reference to the adequacy r or the equity and a matter of absolute right to said m = ~~•solvency or insolvency of aaid~ by suchreceiver equacy of the value of the property mortgaged defendants, and that such rents. pros ~d ~e p~tice of sucl- court. In the a eat of any default on the accord' to the lien of this mortgaB r to pay ~ the mortgagee on demand as a reaaon- part of the mortgagor hereunder: the mortgago agrees of the aggregate able monthly rental for~~P~ ~ ~~in the then current year plus the actual(a~mount of the annual of the twelve monthly Ilmm emus, for such year not covered by the aforesaid taxes sesesaments, water rates, and insurance preen mont~lY ~~b' and the note secured hereby not be 9. The mortgagor further covenants that should this mortgage from the date hereof eligible for insurance under the National Housinngg Act within to nor authorized agent of the (written statement of any o$Icer of thu Federal ~ the g Ad~~. ~~~ time from the date of this Federal Housing. Comn!isaloner dated bce9 mortgage, declining to insure said older of the note m~aYe~ ate~ta op ion declare all sums secured hereby eligibility), the mortgagee or the h immediately due and payable. of the mortgagor, or 10. That (a) in the event of any breach of thin mortgage or default on the part id with- ref ~~, conditions, (b) in the event that an = (~) in ~ event that each and every thee at pule ions. tiagreet°f u Y ~ out demand or notice, m+e not duly. promptly, and fully performed; then in and covenants of said note and this mortgage. dd unpaid with eithernr any such event, the said to sum mentioned in sae note then remain able fort with, hereby. shall become due and pay interest accrued to that time, and moneys secured tO the demand or thereafter, at the option of said mortgagee. as iuUy and completely as if all of the said soma of money thing in said note or in this mortgage were orginally stipulated to be paid on ouch day. any without notice or . notwithstanding: and thereupon or thereafter, st the option of said mortgagee, rior to its insti- auit at law or inequity. maybe prosecuted as it aU mone~ ato th :,mount ~ declaced d~an~ ~y~wances. tution. The mortgagee ray for~ecloee this mortgsge.~ together with costa. expe ~ aj the said premises shall be sold to satisfy and pay_ tthh remises shall be sold subject to the con- In cane of partial foreclosure of this mortgage, the mo P timing lien of this mortgage for the amount of the debt n then due a ~ ~P~~ the mortgagee. a pro- visions of thin paragraph may again be availed of thereafter' from time of conveyance, 11. That the mortgagor will give immediate notice by mail to the mortgagee any transfer, or change o! ownership of the. t :premises- ,.. ~ . , ~ ~ N • oa ~~ hereby shall st any time 12. That no waiver of any covenant' heY~a of of the obligati hereby. thereafter be held to be a waiver of the Zerms f °.E'~°~,~°* note sack _--