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io!i --'29 PiC{ 274
ra.u&:r (b) of ~ph 2 pr~l(<<hn& allan oot be ~,~~ rente.,~" ud ...",..menu
and \nAUnlJl<-"e rremiunu ... u..e c.... may be, when th-. aame ,beooc'M,dUCI l-,n<1 payable, thrn the
roort<<aaor ah&l 1*1 to ih. mo~ an)' &mQunt ~nnry to ma1u up ~ o.iki<er,cy, 00 or lloffor\' t.ht
date when pay-moot of .ud1 ITwnd not.. tu., IINItIMenl.a. or iMUraDCe pnmiuma &hall ~ due. It
at any hIM th. IDOrtcacor shall tender to the mo..."..... in llffiJrdance with tM prov\aioM lit the note
MCurtod he~y, tuB paJ'menl ot t.he eratire i~ ~Pl'Mlmt.ed tbeJ~)', t.h. m(,~ thsll, In com.
putin& the! amount of loch indebtAdneu.. credit to the account of the mo~t &11 parmt'fttt made un~r
the p~)...iai(Ha of (a) of p&n<<Taph 2 bert'O! which the mt)~ baa not t-<<ome obhaaled to pAl)' to the
Jo..ral Houai11l CommiaioMr and allY bI.l&n<< r<<nainin, in the funda a(cumulat.ed \.Ana.r the pro\lSior\a
or (b} of lAid JMU~ Z. It t.her~ w11 be . default 'lmOer any of tM proviAlona of lhi.a miJrtg-a.a", N!--
8ultina in a public .ale of the prtmiMI coVfltOO hereby, or if ~ ~ acquir~ t.'le propnly ulhtr-
wiAe ,After ddault. th", mo~ ab.a11, apply, at th.e tim~ or the ~tl~nt of I-u~h procf"t'dIllKll or at
U\I time the pro~rty ~. otherw\.M acqUIn!'d. the ~ theu N'MllinlfiJ m the funda &('('um~"lltf'11 undt't
(b) ot paraaTAPh 2 p~int' &I A cNdit ..-ainat ~ amount of principal lht'f\ rt'mainin( unpAId \Jnd~r
Mid note a.nd ah.a11 properly adjust &11)' paymf!flU which shall han~ been rn&d.e unikr (11) of ""It! paragraph.
4, That h~ will pay &11 uxe&, "'i!lMrnenta., W&w rata. and oth~r ~ernm('ntal Qr rnuni(ipal rh.rg~,
ftnt>3. or impoeitloM, fot' whkh provwion haM not bHn ~ he~inbelo". a.nd In default ther('t)f ttw mort-
I'~ may PAY th~ J,Am4!; and ~t he will promptly dehn.r the otfidaJ recf:iptAI tlt~rdo,. to the O:Ot tsr&ie-t>,
5. Th_t he will permit, eotr.mil, Of utter no wute, impalmH\!nt, or deterivration of &aid profl't'rty Or
any part the. T((l. C; a.nd in the e\'ent of thfJ fllilure ot t~ !'nor....", to keep th~ buildm,s on !-Alii prdlil&-\'Jl
and thOl-tl to be E'~.b.i on aaid premi~, or impro\'ement.ll thf'1"tKm, in JOOd re-p.&lr. th~ mortiAg~'(' may
mAke au('h ft>paira M in ita di8cAtion it mAY df't'm nff'MU-ry for tht' p1"QJX'T prMHvatiQn ther'('Of, an!l the
tull amount oC t'~h .nd t!V6''1 .uch pajrnt'nl &hAll tx~ immediately du~ And p.ayable, and .hall tx> a...,<ui~l
by the lit;>n of thill mortg~.
6. That he will PAY &11 and .lftlUlar the coetA. C~M, and expe~. indudltli n>uonablt' law}'(,f's
t~, and Cl>>tA of abalracu of tiUe, im:urred or pAid at an)' limt' by the murt(C3gff I>e('au~ of tht, fatlllrt'
on Ole ~rt of tht'; !Uort..aaor promptJ~. and full)' to perlonn the agr~'meJltil and (OHo.nu of f>iliii prom-
)U()T)' note and thta mort~, and U-ld CQilta, chlll1r-. and np.en.ae8 ahAll be immedlat~ly dUt> and pA}'>
-.bhl and wll be a.(!ICured by th~ li.n of this mo~,
7, That he _ill keep the imp",?vem~ntA now eJ'.i.atina llr hO!1"ellftl!~ erected on the mortg&j'oo proJX'rtr,
irlAured as m&y be rt'Quli"~i from Ume to tmH~ by thE m(lrta"a~ ",..Ioat. lou by firl' and oth€'r hlHArds,
ca&UAities, and contin~nclt'e in .uch AIT\(lun~ and (or lueh period. ... rn.y tit, f(..qull"t"d by mortgai!('(',
and will par prornp~I)', ",,'hen due, any prerr!iumll on auch inau~ll1l-ce tor ~ytnent of which prt)\i~HOn hIlA
not bt-tn n\Adt:! h..f't'mht'fo~, All 1t'.aur&nC~ lh.1I ~ c&rTlf'd in companiN approwd by mort.ragl.'(' and
lhf.! polir.it'li and J"tMwaa thereof &lall be held 0)' morla'~ and ha\'6 i\ttAche.d thcrdo 10M payable
dau~ in (avor of and in Corm ~pUlble to th~ mortaaaee. In (<vent or 10M he will gl\t' inmH'flll~te
notice b)' mall to mortgaget", and mortf[~~ may malt' proof of Iou jf not made promptly by rnortgal{or,
and each irlAur&O<."'t' cMnpAny conceMIM ilJ herdJ;; authoriH~.j and diredt.-d to rnakt' payment (or such
ION diredly to mol1<<Ai'oo in~tt~ad of to mortg"gor And mortgage;:> joinHr, and the iniurarl(',. pr")(t'('d~, or
lL"Y pArt ther~f. may ~ applied by rnort.gagt'e at ita option either to the r('(luctlon of thf' mdebtl'dneM
hf:reby MCur~ or W the re.atoration or rf'p~ir of the prop~rty damagt"d, In ('wnt of fOfft:Jt:t5lH" tlf thi!
mort.~ or o~r tr-aOllff'f of titl~ to the mortPfCE'd property in t':xtingu!!hrnent of Hw illdd)te,lIiCM
J<<IJrt"d hereby, aU ril'ht, tiU~, and tn~rut of the mort~or in and to any iMurance poh('i~3 tht'n In {on:e
-.hall pua to the PUr-d\&HT or vant.ee.
B. That the rno~ may, at any lime p~nding . Iuil U~l')f1 this mortiail" apply to the court hll\"
Ing jud6diction therKlf tot' the appOintment Qf a i:"KelVer, and ~Uth court lJh.lI forthwith appOInt a
~eivef of the premiA~ covered ht"nb)' all and singular. includlllg all and liinlifuiar thl.' incom(', profit.!,
iuut'8, And rt\'f:nu~ from .....hll~vt'r 5UUrft? derived, t'Acl1 and l~Hry of whIch, it h{'ll!~ exp((,-&!ll}' under.
atOl'M. i.l hereby mortpi't"d u if .pe-dfi<:~lly &<':t forth a,nd dnait>ed in the Ilrantin~ and habt'ndum daUlH'5
h~n~'of, and such rcc€ivt>r ",h.lI h&\'e all the brOil d And effective functiooJS anti ~x)wera in Anywise
f'ntru.~i by " coort to A rtol:-cl\'N', and sud! appointment ghall be rnadt' by au"h court all An adnllUed
f.'Iluity and A mAt~r (.If ab.'Wiute right to said rnortlllB;'te, ilnd without rt:ferl'!f1rl' t,:; the adeolU&cy or Illl\,j.
t'q\a.cy of th~ value of thE! property mortllaii~d or to the 8(;!v;::ncy or ir~ht'nq of &..aid morlKagur or the
ddendanla. and that such f('ntA, proflWJ, income, LMUE!3. and r-evenut!e ..hall b~ appiH:d by !SUdl H'Cl'i\'er
accordinf to the Jii:n of lhil\ mnrtp.ae and the practIce o( such (('urt. In th(' ('vent of 8.0)' drdauH Oil th"
part of thl! mortg-agor hereundH, the mortg-agor ..~ to pay to the mDrtgagT'" 1m dem~nd ll1l .l\ n:a..~on>
&hI.! monthly r-ental for the premiAt:lI ~n amount at lr.&Jt equiv3knt t.."'l OOl'-t\H.iflh (I,) i) of the 8l!Rf<'gQtk\
of the twelve monthly installmenta pft)'i\bil> in the then (\Uft-flt yeAr plus tho: Actual am(iunt of the $1\l1U1l
ta.U8, a&8~mtnl$. walt>r rah:.-s, a.nd insurance premium. for luch YeJ.lf not covered by the tlfort'Ulid
monthly PAymtmLa.
9, The mortpgGT further covt'nant.A thAt .liQuId this mortvatre ailu the notto 5<<UfNI hereby not ~
t:lii{ible tor irl.iyrane.e under the NationA' Hma-in, Act within :" ","; (rom HI!' date htrrot
(w!"itt~n at&temer,l of Any (Jftker of the I'~tr-al Boutinr Admini$tl"allOn or I\uthorized Af/:efit of the
f'edrra1 Hou.in<< C<}mm!a~ii{}nt'r datM llut~Uf'nt tt"l t.he : ' ". tmH' ffljrn thO' ds,t(\ of thill
mort.....-e. d~lininl to insure Mid r.ote and thl. m()~ge. L<-ing d{~nlt.,,<i (Ol1l;lwH\'t' proof of Auch in-
~iiaibillty). ihe mortg~ or the hoW~r of the ~ may, at 1t.J {.ptwo. dedlHIC all aum~ M"tlJft-.:! h('~i'
Inun<<lia~ly diJ4J and payAhtt\"
'.' ,to. That (0) in the \'!"'~tnt ,of ..or bn':adl of thi.& ~Mtia.ge or dd81:lt on Uw vart of the mfJrti&goT: or
,In In the tt\'f'nt that any of uld au.m.e (){ mon~y M"lfi r'derr(<(l to t1'l.' not promptly and tully palrl With.
oot dwl.a.nd or notit~, Of (c) in th~ 4I'Yent v..&t ~ and {>'Very th~ Itip-,JlaUOfl.5, Alreoemw~, t"vnditiofl4,
and wHl1antllof.&ahi note &nd t-hi3 mortp.p. ~ liot, dl.ily,yr-.,;..r0rrtIY,an;. fu!i}' ~rlorm€>d; .then ,in
~ahf!r or an}' ~UCl'l {;vtnt, Uit uW .anr~at4! aum mmUnl1O:..i In UH! 119te tn<:n n-n14111lng lln~ld. wIth
ln~r~t ~en.it..j to t.~.u tim>:-, lmd An rnonf!)'t ~ut~ hO\N:-by, !hil.l! tx:"C'ome due And payable hrthwith,
or the~..ftA'1r. at th~ option of lcl\d mo~ M ttiny Imd oorllpwtdy MH ~i1 or the uid !ili!!'l (,[ mOMY
Wtn"~.orlainAl!y .tipul.t~ t."J boe p.aid 00 .ueh day. fi-nllhJn~ In t.4\ld not€ or In thia ffiQrllfa.gi? ::.1 the contrary
not"'IU\lJt.&ndl~; and tht:~\ltJOn or ~ft~r, at tne optHm of lAid lliortJ&iI'"{'. W lthout fHlllf.e Of dt'l'lllmd,
tult at hI''' 01" !n tlquity, may b-e {iftllillo!'('utfd as if s.li money! MlCIJr~! ht'!'t!'b)' h6d rnatur~l prior t,) it~ ltlJH.
t-ution. The f!)O~ mAY.. t()~l~ thb rnortp,r, M. to th.. ~.. n.t 10) d~lare-d d~ And .I>tlyab'e. and
the Q.id pnm:l'" llh&Jl 00 at14d to Mtlat')' .nd pay the u,,"n{, tr..pth\t1" wlth t(,i@u. ~pef~. AN ..llt,WiUlt__,
In e~ (If partial f~f'<<'w.Gra of tate ~, th4 ~ prwn~ .hAll 00 I(ll~i Jubject to the (Qn.
t!ncing ltt'n of thll mc~ f(tf'the MKtUnt of t~ &ebt not t.h~ doo and nnpllid. In .tJ~h ('~ t.h~ rim-
vb~ of thli pus..uph 1!'dY ~n be avalMd at thffff~j' (t"('lm t.h~t! to Urnt! by th~ mort~,
1 t. 'That U-.. m>.t,' ~r win ffiv~ i.rn~ja~ t"~ by mall tJ) ~ mO'rlI~ of ..flY COO'l..ya.n<<t.
tnnIrer. or (h.fl~ of ow~lp oJ tbti pnmi!..~
~
t 2. That 00 w.d vn of *"1 ~t ~~ Of' at tho bWi~ 8<<...rOO h~l lIh&Jl at any time
tn.l"'M.tter be ~ to he it W~ivflf 01 th.. UrmA hereof {J.f of th.e note ~nd ~,..