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HomeMy WebLinkAbout2485~~ ~`~ ~ ~ >~ ~ andi~~~ixi~a,~a ~b+ ~xu~~ ~d i~ ~ ~ ~ ~ rno ~ a~ ~ ~ ~ Wit. _~ ~r lie ~~~ dates ~ i ctC s>~ !~ ~ ~ i~ I f ~ ~ otr ; tl~s~'6~ ~ ~ iii amt ~ asl' tt~ ~~ ~:c; ~', a~ ud ~s ~ ~~ ~"~ .1tMwir ~ s~2,, it tYUrr- put#:~ t~ ~t ~ #~ ~ ~ ~' a~ zne c!rtiler the p~owiM#uns ~ (a) cad ~; '~ t~ ~It~! na~t . t~- ~)' ~ tie Z± ra-i Idtau~.ra#' t` ~ ~twad str~- n ~ ~ t ~` flee pt~z~•#uia~ r,uttirx.~ its a p #~ o~ ~ ~ rain #~ t~ t^®s title qty ot~ery wise ak'ter ate, tb~ s , #~ ~s ~ ~ ~ ~ pt3.ing~ izr° ta. :he tires tha- p~ in ~ ~~~+~~~ i~a trr~iral ~ i+ixae i!- ~ ulat.ad urtrl~r fA) tsf paP~~ ~ t ~ ~ a'e~caa3r~ unpaid urtdcar said : en tali ply >~ ~~~ al~xl'f ham ~s tt (a) a~ sa-ad pars:g~ph. 4. That he wiI[ pa3'" ~I a~++, arias nags, ,aid mar ~~varattni aif municipal ct~.rrg~, fines. or ie~c::aitiarea: fczr• w~i+rh pr~'i~ta~ t k made tslnlratc-rra, and ix~ d~.fault ita~ereof tne rrtot-t- ga~Y r?rr~y pay ttta :;' t ~e gill ~t`~~Y deliver tine cis! r~:-~ip3a tla~.te~Yar Y.o tttt? mortgage. b. That lie -~lll ps~ayait, tomtit, au' ~` + ante, #a~p~r,irment, of dear inrati~an of asici property or at>J- part therr~f ; etnd izt t3ae $ ~ tip a~ aY true trw to ~~p tl~e t~u3lditlgrs o , eels prerriinee and thotse ttr ~ F~cted an said Izrcan^-i, aer ~Ztpravet~ mot, in g~c4 relsta.ir, tli~ rnortaagee trrs}. uas.kz aucl-, repair$ ws irz its dlscretiuxa itrua~• dew. n~°y far the proper prer'fation thereof, and the full amount of ~rh an3 Every such wit ~~ll lava irzza~'tt~liat~ly due and lrtayshle, anti shall tae aecurac# bq the lien cr1 this saaortg 6. 'I`Irat he evil! pay all and ainst~rlar tlza e~~ts, ehat~, said axpen~, includitz rsasonatrle lawyer's few, and costa of ah~`tt'~.:.;.u of tt;.l~, iticurY'vtI or paid at say time t;y ttre rnortga~e~~use of fire failure or_ +.~~te paart of the mat•tgor pr~npt.33 nxtd fully ttr part'~rrt the sgr~ments and co~~enanG~ of said ??~r.tn- i~wry state and this rrrartg~ro, and said #s, etc• raid +~~itae~ ehall t>a tli-zm~-l-ately duc and pa}•- atale send shaft be rsratt by ~e it@~ of this ma+. 'T. That he will kip the ir,rprc:ve:ntcnts now srzsrattrtg om• tter~sfter erected ort rite rtrartgage~ Irr•t,~re;t7•• inaur~ed sa may be rectutred frv;ri tune to tirr:e by ttie ;-n;,s~ a~ainat !o~ by fire rnd otI•,Lr hazards, c~a$us~tties, Arid contirgt~ncic~ in such artSotrt]tE ffiittl for auc.~ Xa6ri - a9 may t}e raquit•ed by rnc,rtga~F~e, arad will pa5• ~zrornptly, wli~n due, any pretrriurna on auoh #ataursrace for payrricrzt of whir_h pro~•iaiorr htrs not taeen nrtat3c herein fore. All iiasurartce bhali ba cai•ri~_l in cornr~~atitss approved Izy :~aortgageQ ant? the policies rind renewals thereof obeli tae held by traart~ anti have attached t~rea'et•e lc1ea payable clauses in favor of and in form r:ccRptalale i:o ttts n,art~ga~€. In evert of loss he v~•ill give ir-,rrrsediste r,otica~ by nra#i to nrortgageA, and mortgta~~ rr,ay make prvc~f of loan if not made prortapsl,y by rrrortg=got, and ~cta int.ursrrce cnnzpany concerned ra hereby authorized and dire~¢.ed t•; make paysnet-,t fear such ic~.s directly to r21or!gag~ instead of to n;ortgagur and mortgagee jointly, and the inauraa~e larticeeds, ar rany }art t,ttetc~of, rr,ay hre applied by nrortgag~ kt its ontiorr eitltQr fw the reduction of the indet,tE•~Jness hereby zieci;rerl or to the rt~toration or repair of thti prnperty denaaged. In e:•ent of farccir~ure of ttrsa { r,loz~tpa~,~ or other txt3nsfer tzf title to tttE mortgagi~ Izrot~rty in extirt;uiahrnent o; the indet,tednesa atzc.ur~2~d her•~by, all ri- ht, title, artd intert~t of iihe roar°tg~vr in axed tra any rtraurarrce policic~ then in force shall p~ tv the Isurc~r ar grai:t$s~ fi. Tl~~t t3,e tnortgagt:~r rraay, trt az~3y time p~trdir;g a azzit til.~n this rrrortg~e, apply to the court ha~•- in$ juriadi~tivn thereof for the appointanerrt of a rote#~•er, anal sucl, raur~ abet! fortt:with sy+Ix,int a receiver of the ;~r$rrziz~ cavered hereby tali and sit u1aY, irtrludirr,g all a.id sin uisr the incetne, profits, issues, nand reveaut~ frarn ~°haievar sczurd.e derive, tech arad e:°~ry of wliicii,~t k~i g ~~~p;rty ur;der- atood, is ht?reb;; rtaortgag~ at if 3pt~iflcallY ,~ for-tlz and de~.rl~d #n the g~antitrg art;! hkb~rtdui~t eix~.t6r=a hereof, and such receiver shall have all t~,e u~t~,:i grad ~e~'tive fiarncticzrt8 sad pawer$ itr anyH•is entrttati-d by a court to a receiver, and s,ach sp~intrri~nt Shall l~ naad+~ ay aucn c~~iirt as sn a~l,nittrcl equity snd a mgttvr of at~t-rlute rittlrt to tsaia~ rnortg~ee, and without reference tv tlrc sdequrasy~ or inrad- egr:acy of the value of the prot~rty rrrortgage~i or to the soivenc}• or it~otverrcy of said rnortgagvr or the defendsrita, and than such rants, profits. income, it:su~, and revenues shall ire applied by such recei+:er accordin tv the lien of this m=+rt~~ge xzrd tl',e pt-~rctice of t#tict'i eourt. In the went of env deft~ult or. tPic• part of ~ie nrvrtgag:ar hereunder, thQ rrtortgagor rr~e to pay to file n}or:rgag~ on dzrrand as a rFen~~n- il~le monthic• rental for ;h._ pcerrti~en art arrtaunt at le:~t ~:t:tivaierlt tt+ one-twelfth (!:;s) of the a$gregxtF~ of the twelve monthly installments t.ayablc in the then current y~ plus the actvsl amount of tt,e annual taxesr aaEessrrrezrtas, v.•ater rate, .and i.taursnce prznziurrsa fnr atich y~,r not cove=-ed try the aforesaid rf~Ollt.~ll,} paynte~~ta, ~. 1•h4~ mortgagor further cove nEnts thAt sl.r.;ulcl thie rnortgxge acrd the taste secr!rt-d herei~s• nut l,c' el~gibie for inauraricz utrdcr the Fvatioris.l llcauain Act within ?(} , ~~+~ ~ from the date lit?re~>f 1 :•: ritten sL9terr;znt of arry ofll~er of the F'F~c#era~ !lousing r~drrtinrstt-atron or authorized regent of th~~ I•'edersi Housing Conrrniaaivner dsrsti st;lae-quint tv the ?C (~r.YS fir,:e> from the date of '.his mortgage, +aeclinitrg to inaurr said note anal thin rrto:-tgage, tieing deemed conrlusi';e prix,; of eucl: iri- ~_ligit,iiity) , tare anortgrrgee yr the holder of tlie notes rn$}•, at ttt+ optic;rr, dc~lare all soma ~.ec:rrc~ci hc•.•t•f_,~ ~Ettiilt=d:ate!}` due arrd trayatilf=. . IU. "Chat {a j in thr~ f~~•~nt of arry !;react=, of title mortrge yr ciefra~~li on the ptfrt of the rrlortgtrgor, t,, t~) it the eti•ent that arry of tKaid s=3rns of i12t,Kt~y !tort#n re ~rretl ttz tz~ i?ot prz?:c:pt~y aric! foil}• laid wittr- ;,ut dem~.nci or nc;tice, yr (c) in tits es:tat. that t~~h a;~d s?V•i'Yy ttr:~ a?ipulati-oral, agr~rxrertts, s'onditior:s, anti co:enanta of raid note ar:d t_hia rti{~r#gage, are rt~3t duly, pt•~xzt fly, and fully 1'~r-.,rmed; theta it t•iii;er yr a;;=~ aucir c;•eut, the said a reg~P.~3 arrrrt r:.ia:riti.or~~;i in ~rai~tar~te tlaerr ten=.>itnrri;a unpaid, r~•itt~ intcrerst accriz~~d to ttzat tin,E, earl a! rtatzrt;ys see+~re~ h~;•~lay, alts.!! t~~~ dire and payal~ile fez'4hwitli, c;r tht=rcAftFr, at tY-:F upkican of said rya°?~-, as fully arad ccY:s zlat~lY if rill 4f t-1;~ ~-::i sums crf r ;c}r,ey r,~e-rE a+rgt,.~~.lly sti;„slatc~t ts~ tzar pelt? tart sash day: araFtl;ietg itt ~.i~ r~ci~ czP in than trtcart~-~ fez ttr8 corttrar}. n++tw•tth;itFrid~ng; and thQr-a;up}=~r tzr thurt~r, at tlt~ autirrz erf s~,#d r.,a''c~ag~r, vrit3~tatC notice or° deanand. quit tat law or irr eitt~ity, ntsty tae prta~~tr;.ed s,r; if all mct~ays lir'E~ t-ter€by h ~rFstt<:"t4d prior tta its ingti- tution. ~~~ rrrorfga~e rnaf for+~,~l flits rr~-,~, as ~ ti~.e ~t~nt €a rar~i drr~ ay:d yslsl~, ar,cl thj said pR erati stttejl tze t~tld to ~tla rctrcl ~} ~~~ t~~~ie tuer• ~: its eta, expo;rr=~, ar+~ al~awar,ce®. In ease of psftial foseotoaurc e¢ this ~tar~°~j t ~~gt pz'ir tali pcrlrl saavj~t tca ti:e c~n- ±inuirrg lien a:i thie rt=tzr-t~--agfl foP the aunt of t~~ ~ s at 2# d~ and tsr:p~ici. In auk c the pro- visions of this pera~'eaph cnay again t~ availsd of th¢=~r f~j talrr~ tta t~~e Izy the morr.ga~e. 11. 'Chat the rr;ortg~g,;= will g;re l~;rr;~iate nat~ e tzy r~#1 ttr ~?~ae rrtr~~ of aft, ounvoyar,cF•, tretriafer, fir ctzart~te of o~~n=.•t~ahifr of ~,~ :,#~s, , 12. `That no rxsiver rrf any ~}v,a-rr~rzt h~t•€~rr ~, ~ the all=emu tied hardy sl~li at as~y tirn~ tlirrLaiter' tze tieisa tr, tae a :v~bi~er of the tPrnas Trees tar° €r;T ~;-a. ~L~ €cr~!;--act neruby.