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eb~i 29 PlCl4S1
under (~) of pal'"aITapb Z preccdinc IhaD DOt be ~ WJ~ ...... to. ad a.URqwtcta
and ilvur-aooe prcnlwna, .. tAe caN tNq be, ...be the .... ~~ ~cla &ad P&Ya.bM. t.Mn th.
mortpcor .ball J,>>-Y to the mortppe 6A1 amount NCTl--'" to..... tIP the ~), OIl or before U\.
-iAtt' .he ~t at IUCh ~ Nata. t.a&-. .. .l~ta, 01' lulu.... ".uuml aha1l be d\M. It
At any tim. the mortppr ah&U tAmder to the ~ in ~ ..ith t.be ~ of the ~
~urtld bereby. tol! ~t of the _U" ~ .-.pr__t8d thet..o,. UM Ilr.lCri.p.pt ahall, in COlIn-
puUn, \.b.t> alllOUnt of.uc.h ~D8111. endit to the AI:lCOUt of the ~ all ~u mAd4; undfl-
thl!) provl.a.iona 01 (II) of p&ra&Taph Z her..,t which t.... ~ bu not ~ obhp.t.ed to ply to t.h4
l"~tJ HOU4ina C.QmIDi_~r and ~ ~~ remaJni~ hi the tunda KC\U'l'Ullat.d under the provil!onI
of (b) ot aa.ld pa~ %, If there ahAl1 be a defaWt uDder UJ' of the pn)vWou of th1a mor'tpl'e, ....
.u}ti~ in a pubUc a.a).e (ir th4 premiNs (Qwred hotnlb)', or it the mo~ acqlli.... tM p.rgpert)' oth....
wiae ..rur {.kfault., lb. mo~ ah.aU apply, at ~tilMoftheeommf'~ntof.ucllpro-.~'llpor.t
the time the pro~rty i. othnWlAe ~Uln"d, the balAnce tNn ~ine' in the runda att"..1mt;ilatcd uf\d~r
(b) of para(1"aph 2 pr-ecfildinJ .. a cndlt ap.inst the amoont of prindpal thfn I"emsininr \ln~)Aid i.mder
....Id nute a.nd shall pro~rl)' adjuat an)' payment... wbich &h&ll rd\''' befn ma&e under (4) of aaid p.ar-.raph.
4. ThAt he ...11i pay aU t.u-. .....8M4U'it.a. water ra!4Ja. aDd other J'(J\'emroent.&l or municipal (hAf~,
f\nee, or Impoailion.t, for ,,'hkh pro\'aion hat not beEn made he~iDbe!or-e. and in default thereof the mort-
i~ m...y pay the aAlne; and that h~ .. ill promptly delh'er the ot'lkw rec~ipta therefor to the !'r.ortl~.
I), Th.t he will pem)it, cOOlmit, or Buffer no ....h, impairment., Of dmt'ionUon of hid pro~rt)' or
allY part thereof; and in the ewm crt, tbt fai!U1'Ie of th~ mortpcor tn, Keol"p the bui~di~ on "IU pn:'ffil&es
a.nd thl'H to be ereC't~ on laid pmnlM4, or lmprovem~ntA thereon, In rood ~palr, the mortallg<< mllr
make auC'h N'paira u in it. diKt'etion it mAY d8em n~l"y for th~ proptT prHt'rvatlon tht'N'(Of. and Uw
full &mount of each and every luch J>&yment ah&U be irnrnediAtely du~ and l)4yable, and ,hall l~ s<<urt'd
by the lien of thus mortcar.
tt That he will pay all and f.lng-ulAr the coati, cha~J .nd ex pcmMC , indudinr n'uonablt' laY.'Yt'r'.
f~, a.nd coo18 of a~tr&Cta of titlt>, incurrt'<J or paid at aD.)" time by the mortgag-et! t)<<AU~ of the failure
?n the p.art of the !T1or4ra.Kor prolTlptJ~. and fully W perform the ajfr~mer~tA aryd co".-en.nlA of "iei pro".",-
lU<Jry note and thlll morl~, And uld coat., ch~~. and u~~ ,halJ be Imme-<hately due and pAY-
..bIe and &hall be eec\l red by \h., ti-,o of thia mo~
7. That he will keep the improv~m~nta now ex~tin~ or h@rM"'~r t'rected on U,e ntOrtiaae<.1 property,
in!\Jre.-i lUl nUl)' be requirffi from lime to time by the mof"t&&I'f'e AiAinat Iou by t\~ and other hu.ud!.,
eMualllea, and continlfenclea In auch amounta and for auo" pericodil U ma)' ~ rf(tulr"('d by morigagt"t',
a.nd ....-ill pay promptly, when due, any wemluma on such iMur..nce for payment of which pro\'ision hu
not ~lI."1Ade hHelnbdor~" All li1&uran<:i?, .h~l\ ~ un-ied in compani~ tlPPfII.\'e-ii .bY mortgllll"'i' and
the pohcl~ .and renewal. therctl( aha II be ncto by morti~ and h....'c aHachf'd thert.'t<) 10M payable
clAU,~~ In favor of and in torm acceptable to the morta..E"t'- In e....ent of 10M h~ wi!1 gh"t' immediate
notice b)' mail to mortga.g\.-e, and mortl{a~("l. may mllkl! proof of Iou if not made prom{Ttly br mortgAgor,
and c3ch H\IjUrAJ1C(' company COllCE'rn('(\ is her..by !\uthMiie.:i and dir~ted to mAke f}llyment for !!u\"h
Iou dl(t>CUy to morlga1fl~ Instl.'ad of to mortgagor and mortl~ jointly, and the inlllr~nce pro(~-('d", or
Any part ther-rof, may be applle-d by mortgagee at its oj)tlon either to the rt'<iuetiotl of the in(kbt('dn~1\
h('T(~hy M"Cun.o or to tlw (('gtoration or fepai r of th.~ property o lUll ilj{c<:i . I n event of {l)tl'dOflU f(' of this
mortgage or othu tnnater (If title to th€' tl1ortjtag("(1 property in t'"Ung'll.hm(,fll of the Ind(>bt...hH'M
I<<urt'd hereby, all right, tiUe, and int.ere<<t of the mort~or in ,,"nll to any in!urance lXlll"ics tlH'/\ in force
ahail pua to the purch.uer or grlln~"
8, ThAt the mortg~ may, lit any timt< fJt'ndinr A luit UJXm this mortga.ge, "pp!)' to the ('(lurt hAV-
ing jud$.!.hdion tilereof for the appointment C't .. rt'Ct'ivu, and lluch court .hall forthwith Appoint :\
rtX~i...('r of the premi!\c"'1'! covefe11 her\'by .11 and singular, inciulling all "nd ~ingulllr the Income, profitg,
iMue8, and re\,('fiUt~ from whatever a<}uro~ dcri,,~i, ea.ch and enry of which, It ~ing Otpre3.'11y under.
stood, is hereby mortgaged u if Blx'.citkall)' set forth and dt';!Kril;w,'d In the iTt\nting and hail>('ndum c1iHIM"3
here-A, and 8udl ff.'ceiver 8ha!l han> all t.he broad and efft'Cti\'e function1\ snd p'JwH3 in Anywi8.f'
f'ntftlAkd by A court to 1\ receiver, and /Such appointment &hl\ll be made by !luch court AA an admltt('-(\
€'(IUlt)' .!Ind a matter of al:i3Qlut.:! rifiht to !laid mortgag<"t', and without rdN('f1Ce tn the a.de<--1U2C\' or inad-
(of.1Uf\CY of the Y8!Uf> of the prop('rty m')rtKi\S{~3 or to the solvency or Inaolvl:llc)' o! !uwl morti{iig-or or thE>
deC.'ndantA, !\nd that IHlI~h n'n~, pr<.f1t.a, income, luu{,ll, and re....~nueil ~hal\ lX' applied by s\H:h rl-('('i\'{>r
a(cording to the hen of thi3 lTlorlga:.rc and Ll-te practice or lluch court. In the r\'t'ot of Sin)' ddault on tht'
part of the mortgaj:{or hf.'r(>ulHi(>r, the rnortg-lJ~or agreell to pay to the rnortRj!,~t'(' on demand M a rt'~m-
ahle monthly rental (or thl' pn::mi!l(1l Ml amount at Ii'ast equivaknt to one-lwtlfth (I'll) of th~ l\R-gr(>gatf'
of th~ twelve monthly llt,'1tallrn('nt.~ payable in the then .:urft>ot year plu" the nctual amount of ih(' annual
taH"!/ aMi'MOH,'nt.8, water ratl~, awl irulUr81ice premIum, for 81.1.:h Yf.'Af not ('o\'ff('-(I b)' the a(ofe8Aid
monwly p~}'mf'llta, .
9. Tnt:' mortgagor further covenllnt<5 thAt should lhill !nO rtf(agt' tl.lld th'.' not'" 8e( ur~i hH(:b}' nfjt be
eliKlble for inslIrfHice under the National Hou~in~ Act within ;.. . (rom the date hen.()f
(writt~'n ~tAtemeflt ot .ny vfficer of the FedHal }{ou.ainS Admini!\ifiltion or authUfll.cd ngl>nt of the
Fr-(kral HOlJ!\mg GornrniMioner dat<-d IHjtiA~lUefll to the . tinw from the daLt: of thill
mortgage, d~!iO\ng to insure uid nol~ and this rnortKagc, b<:illg dN'm~'d COIlCllllli\'~ proof of a\J~h in.
eligibility), th~ mortia.~ or the holder of tlHi not~ may, at it..~ option, declare all $urna 8c<ured ht'rcby
imrnedllll.i:ly due and paYAble,
10, That (0) in the event ot any brt'Mh of this rnort~8g~ or default on till' p:.r-t of the mortilllgor, or
(b) in the event that any ot SAid !llnl! of mone)' herein fE'(Hrl'd to tw not promptly ilnd fully paid with.
out d~mand or notice, or (t) in the e\'tot thAt uch and ~veli th(' t\tipulau(.ii1!J, ilir~m€nu, conditlona,
A!!("t eOVf'mmu ot fI-sid nctt: and ,thi~ mortgag~. a~ not. ol.liy,. prv!i.lf'tly, 1\1i;1 fully ped(lnnt:d; ,thell ,in
@lth<!.t or ~llY IHJch ewnt, the glwl "l{fFi'"bgt~ lum Inl'nllOnro In lUll:, f1ot~ t1\l':n Nmamll1g \inptwt, wlt.h
intNe..it ..c(rued to thflt tim(', ilJ\l.i all moneys kClJrt',d herdl}", "hall l.>t",nme dul:' find ~Yl\bl(' (;,rthwith,
or U'ltn.~ft""r, at the option oi it~\d mort~Ai~-e, fIA fu lIy llnd (f.)mpld(!ly M if fiB of thl: Mid !lUlne of rnOI~'~j'
w\'re originAlly AUpulat('{1 to be p!lid on auch day, fin,.thillg in &lSid 110lc or in thii4 mortgage to the e-ontrMJ"
fiotwilolltanding; tind th~reupon (If Ul~rN'(tH, at tht' option (lr 3ahl rnOtlif.li{N', without notice or d"man ,
l\Jlt at lAW or in t'I~uit:;. mi\Y 00 pro8(X;utcd M If all rnolwya 5~UH;.d lwrdJJ had ml1tlJn'1i prior to itA iilbt\.
tutiOn, The ~\<)rtgAie-e may fon~k~.~ this mortga.j(~, M to the. arnoun,t 50 {h-due-d due :md pavab!e. and
the 1\!lHl premL~ ahall t;6 ~-o!d to filAtldy and pay the ume tQgt'thl?r With (1)>t3, t'xp('Tl~, And ahow...nc~.
In cue of r.ariiAl fM~I03ure M this mortgage, the \l1ortpifl:d prerni~ !h&1l be ~ld ~uhj~t to the con.
tinuing lien of thUi marti-airt.' {c,r Ow arnount of tht! ch-bt not th~n due and unpaid. In ~uch CMe the pro-
'i~ion. or lhi~ paragraph mAY "Ilin be Availt'd of ther~aft#:!r from time to time by the mor1iai~.
11, TIut the n;(.rtg-a.gor will gh'~ immMiat~ ootIte by mail tD the morte-age(> of iiny e{)n....t.')'A.nc~
tt&fVlf"f, or (hanift' of ownNAhip (If th~ prem!~.
, 12. '~"hat flU W;t.ivH of .ny covenant h<;!n;ln or oC th(t ohllt"aUOfl aecuted hereby :>.hAli at any Um-
ther,-{A(ter ~ held to ~ .. wlllver (if th~ tHm! hereof ot.o! th@ note &eCur~j her~hy,