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39 tAU 322
undH (b) (of l.~ra~TAph 2 prK(;~lmi &hAIl n()t lI\l t:U1ht\ent t.o ~ i'l"'.i\HlIt '~f1~, t.i\1i.~f1 and ~nenLJ
aud In,!I\JT&Il~' t)feJnIUnlll, jU the C~ fni) l..., when tho ...rnc 1h~!1 tJ\"('otne dut' Illld \..)"!a.hl~. thell HIt'
mOft~t1.t<or I! hJl. I ~.a)' h. the ll\ortl~ an)' Ilmount. nt'<C~Afl.&ry W make up lh~ tktki~ncy, N\ or before the
J.t~, when l'A)'nl"nt ,)( Iluch IIU\.lTld It:UU. l.ut'e, ~rnrnt.. or In.ur&nc~ premium... .hall l>{' dllf.', It
f&t Illl)' time the !1}ortl&iOr allan tt"n~i" t.o Ule mor~ in IlC'<'(lrdlll}('E with the pr'Ovl~i~l& of nl~ no~~
,(.~uH~i ht.reb)'. full p&)"lnf'ut of the ~.Kltj~ illd<-btt'dneM "'p"*,nt~ ther-.b)', th. mo~",,,, .h~ll. In ('001.
puting H,Ie Amount of au"h indebW~~ rr'fldit ~. th" account of toh. nwrt&'*I'C'r all p.arm~tA mat!@ un,it\t
th~ prO\"l81\lfia of (ll) of ~r&graph ! ner..of ~hlCh th~ m(H~ hu not h<<~,)fl-,~ ~1I..tf(] to par tn the
F~ral Hou&ina ('~mrniMionu and &.I1y halAnC(\ rf'mlLiI1inJ io the fund! a.":.:umi.llat~ undN th(.. pH... uio~
of (b) of uid parqrt.p!l 2. If lht)I'V ~I be a dd_u1t ur~dc>r any of thtl proviAiO-M of thia tnOltjf&,e, r&-
lIultinif in I. public uk of the prtlfnlMla ('l)v~rfld ht'NlO)', or H the rn'..)(~"'t'ot'I AA.'quirea the prop;:rly oth..r-
wioe liftu d~tl1ult, the rnortgAt(~ &.ilaU. appl)'. at the tim~ of t.h#.l (I)mm~ncemenl of lueh pro{'(.'('I.hn1l5 or at
!JH' tune thl' pro~~t)' 18 (jt~\('rwlA4t AcqUired, t}~t' b.alance tium rt':ft\&i~ill' in lh~ i\ln~ ,a.c:~umulllt~r IInd(,f
{b) of paral{Taph 2 Ph'('t.'<(.lni U .. credit &j'"&ll\.t the &mount of pnnclr..al then ft'mllllllnr unpAid u!1d,..r
iaHi nO;<J Antlahall pr()~lo\:rly IHijuAl llny l~)'menta which "h~l have t.een maJ~ Ull~r (a) lOf said par altC rapl"t.
4. That he wi!ll'A)" ail t.,u.i.'.!I, ....u~"rnet\t.t. WIll4!r u~, alld Otht'T KoverntllentAI or municipal rha.rl(~,
1\1\.>.11. or imlx\3ition.. (LIT whkh pro....iaioll nM not l:oe-en made h~rein~!ore. and In {~tault ther<<>f tl\l~ mort-
(Cll.gi-e mAY pay the I\-8.me; And thl\t he wiii pNrnptly deii\'er the onkiai rfX't'iptA therefor to tht, n:'.Jrtillge-e,
5 That h(' wllJ pt'rmit. commit, m- 8ufff'1' no wlMte. impairment, Qr deterioration of said pr-}I~rt} or
an)' part thereo(; and In the enont. of tht, tt.ihH': of the rnortgA.4Tor ~I k~p the bUlldtl\-i5 on "Hi pn'rnisrs
I\nd the1M.' t(1 be (,rt~<:t",1 on uid pn'rn~, or impT'O\'l.'lTIl'uts lr.('rt'O!l, In iCe-oJ rep,air. the mortiag.:-e mar
make such f'O'r>n.iu u in itA dlAcrctioo it Int)" d('-i'fil Il~~ry (or t.he pro[)(tf prt'3crvatlon tht.l't"(\f. fwd thE!
(ull amount. of t'&ch &IH1 €,Yllry such ~\4lymt'nt .halllx' irnmeo.hatel)' due and payable, and .hall be 8~ur-e<.I
by the lu:n d thIS HiortaAl~.
6. That he will pa)' all and alnj(ular the coot.s, char~. .nd f'xpen&es. indudinr r-ea.ronAble IIw..yer'8
fl"CS. and (,(ll!illl ot a.b8tracts (it Utlt'. lncurroo or paid at any time by th{' mortto:a\is-e t;fo('ilU~.. of the !allure
011 Uw part of the mortgaiC,-,r pr.)mptly llndfully to Pf.'rf'orm thf' agt~nH'ntA and Co\'~n!inta of !\Aid Jlfom.
i!<aory Ilol~ and lhia mor'lga.ge, and s.ailt (Qt!t.&. chuges, and expen.lj~ &h&ll 00 InHlledllf.t~ly due an pay-
able and ,,!ali be &<<uroo or the iien of lht. mo;tJl~,
7 < Th.t he will k~p tnt' impro.....tll1\'ota now exi.tins or here.ner er~t('<i on th(' mortgl!,gf'od prorwrty,
IMurt:'(i M m&J I~ requln.J from timt' to time b)'.the tnl..,rti~t>t' qAil\ilt 10311 by fire And other hU!Hd.8,
cAauAltie8. and .:olltmjll'llcit.'.! in such lur.ounl8 AI\(l (O!' such period~ u mAY he n:'qUlft.d hy mo!""tgaK'~.
and wiU p.y prornptiy. whIm due, any PfHlIiur1lA on ~u(:h ;nAura.net' tor f'-i-ymt.nt of which pni\'I!lIOn h.....
not boon nllldt.' h..rt.'inhdore, All Inwrao':l! llhall be cArri('-\1 in c<)mJ}Anl~ I\ppr..,vi.'d hy morlgl\f(f'(' and
tht, Jlollci{'llll And n'llewallJ thert")! Ah.1I be held hy tnOrtgai~(' and haw attachNi tlwrl'ttl hM paynble
d3\1.1~ in favor of and in tGTm ac\'epl.d)\e to the morta~_ In eo'r't'llt of !OM he will give imm('<lIate
nol:ee b)' mail to mort~pli('(;, and mortga~~ may make proof ot 10M if not tnlld~ pwmptly by mortgagor,
~!ld N\(h 1I\3UYllnct' company concerned III hNt.'by authoriud and dirt'Ctl'-(i to make payment for lJuch
k43 lIirn:ll)' to rnottga.g{:-e in!\tcsd of to Il1ortgl!.gor And morta~~~ jointly, 81\11 tht' ir.!UrtHlC~,Pr:.tCff\is, or
any p.ut Ul.f'l'{'of, may I)(' app!ted by mor-tRaat"e at It. optIOn ~It.ler to the )"NludIOt\ c,{ the m,1,>bh-dnt's$
hen'b)' A<<llred or to the ref!toution or repair of the property damAS;'o(i. In t'\'Nlt ot (of{'{'lo8uff' of thlll
martg_it' (,r (.ther tranat...r of title to the Dlottg~i('.a prG~tty in extini:uillhment of the tnd!'bt('{ln(>.~s
&<<uroo ht:'reb)', all rillhl, title, awl If1t('}Y4t cf the m:Jrti~or ill and tv All.}" iu.!lt1t3nct' pnllflt'lS tlwn in (orct?
$hlll! PM., tD the purdlluef or Iln:mk-e,
K That the rnort{€4\j{('.;o mil;", at ~my time P{'UdlOg A ,ult upon tHe mGrtgaKf'. Apply to the t>.iurt hav-
Ing jUfladicli(;I\ ther/:{.( for the appoinul\f'Ot of II H>(~iver, and Il;ch wurt .hall (ort!nqth llPP.)lllt A
rC<Ct'lVer of tht> prelllillf'3 co\('rM hef~br all and AingIJI~r, including all And ainM"tdllf tht> mconll', pfDhtS.,
iuue4, and f1.'\":IlUf.04 from what.'ver Il.our~(' deriH,>:i, each It.lid e\'ery ot which. it ~lng ('Xpn>M1r und~r-
.stood, illlw~by rnol'tgi\gE'd &oS if 8J'1O;Xifkally ~ellorth and dncrH><<i in the Krantin~ p.nd h~bendum cl!Hi~t'8
herrol, and lluch receiver Ahall have all the broa d and eft'edive !Ul1ctlOn~ flnd POW(<u in snywill('
;>ntrullt('(l by i!. court t..o Ii r<<t>iver. and !uch appointment shall be made by audl court a.s an adrnlttl'd
equity and Ii matter of ah~olut(, rlj{ht to said mort,ag('(', and without rden'fiCt> to the adt"qUQcy or lnAd-
('Quae)" of tht> vallie of the property rnortga.i~d Of to the SOIHflC)' or inw!wncy of said rnongligor or the
dt"t(:udsnlJi, And that such ft'nl.A, proilt-i. HltOme. i!'.!lU€"41, AIld re\'l.'O\H'$ ahall ~ applled by such I"(<(ei\'er
~e('ordinf{ tt) th{' hen I)f thiR mortgAge and the prA<:tice of such court. In tht' ('vent of any dl'fault on thf'
pArt of the mortKll.gOr hereunder, the mortgagor l\rr~ to pay to th~ rnorti3jf€e on d~mand I.l.8 A rt.'MDn-
&bIt, monthly rNltal tor the prernilH'A an amount at Iput ~:l'llval{>nt to oOt>-twelfth (I,'ll) of the aggregau'
o( the twelve monthl)' IllflUlIlIllf'nt3 payable In the then turrt'ot year plu! tllt RC'tua! amount of UH' annUAl
taXE-'" &Mf'Mrnent~, WAter rate.4, and iI1JUrIlIlC~ pr~m:uml tor such )e~r Ill)t co\",>rc-d or tl-II.' aforculd
monthly r.ayml'nta,
. .9. The mortgagor fur.ther i..:o,venant.3 thAt ,ilh(;Uld thi~ ,1':0 t~#4t. r..ml tht' nole ll~<(;ured, heieb)' not ~
e!l~rtble (or In!lurance unrter the ~ atlona! Homlln~ Ad wltnln "y DAYS I rom trw dat~~ h('rwt
(writkn aU,t.('flwnt of 'Ull' officer of the f'ederal Housing Ad.mlntltrlUofl or authorized agent of the
Fr-<ieral Housing Commluioner d&tf-.d eut~ut'lit tv th~ 110 DAYS time from tiH' dAte of thia
mc'rtg&ge, d<<hning to insur-e /Ul.id nol4l and trds mO~Ail!, Yhig d~n\{'d col\c1u!'o!\f! proof o( such ilt"
d1liribllity). the mQrti"il~ or the h,,!d6!' of the not., l.na)'. at ita option, dN:hHe All luma at'Cun:'{! hN~by
immooiatcij" due and j.}#.y&bl~.
10, ThAt ((1) in the evt>nt of .ny bN-Mn of thi, mortt$lli~ Of default em the p'\\rt of the mott._gor. M
(b) in Ui>:' t\'t'I.t t.hat Any of lAid sum.!! of money he'Hlin r~ferT(~j to ~ not promptlr ano funy paid with.
out dt.'ma.r,d or notic~, or (c) In th-. eVt'nt tn...t ~Ath And '!Nery the t!t:pulatJifflJ!, 'Agr~me!lt%, conditIO;",
ano C;I)H".n.ana or ...aid note !U1d tMlI ffif.>rtarf.Ct', ar-e nvt ou1,.. pr(!f!;J~tly. ~nd f;Jliy l~rfMmed; lhflfl in
. ,j.: . ". -' '. ~peither or any 8ucn e,;,(,nt, th(i !'laid ai'~it., sum m~tI{mtsl 1r! U.1 n(.~ IHt>11 N'In&lnlnjf tiflp.%ld, w,lt.h
inl~fMt k.-:olH.xl to that tim~, and all nl'm{;y~ 1i-~1..lf~l her~'hJ. !\h~H t~--come du::, ~nd tkW!lbll' fortkHith.
or thU(>A!tt>t', at the option of ~{\id ml)rtr...g~, &5 tully ~nd ({;mpktdy M if all of Hi'': Mid Mll1H of niOllt')'
wtH'~ orllfiu.al!r itipulatc-d t.J L>e p.iJd on tJlld\ d...y, an,thin~ in gald ~!}{t' O}' in lhj'3 mO,rt~!ille ~~' the tontfiili
notwith,rtandlr,g: a.nd th~"uJ)Qn or t.h~'~~ft~T. At th{! (}~j(m of ~Ifl mfjrtl!~. wltnnut l1<JlIC'>C "r ~t1'TI~nd.
I'Clt at law or In ~luity, nia}' ~ pr~u~l liS if ..H !'I'H.HH")'11 ~1jr-ffi hel"~'{;Y hAd ftuHun!d pnnr to lU! h\.!t!~
tutku. The nw.rtg..~ ro., fo.f"~. h~ Uil~.. m(!f1~. ~ t~) ,th~ l\m.,o\mt .80 af"(.laf"Ki du~ ano p&~;i\bii', Md
thE} u. id p,.!?ml~ &hftH b~ wid to ~l.1fy and I*Y t.h* u.rtH.' ~~th~r ~<'lth ;~()it&" fj;(~~.. ~n~ Il.HOW3.ft(,;f!;(i.
In taM of partial forf!Clo~Urll o~ t."ti4 fl'~, thft rn'ort~ pNrn~ .hail ~ ~ $u:;J~d to lh~ cone
Unuln, liM} of thle mori..a-&.iff hr t.h.e "rt1{.\!nt qf tM d~ not t.htm tin ..ntt unpaid, In ,,~h CM(' thl; pro-
viaiow of !hi.3 ~.raeraph may agJ.Jn be @'f&!~ of ther~~r fr~i tlm{: to Ume by tho!! morti~.
11. That tha mor~ wit! ,tv" i~i~.c lH1tit.e by mail trJt.f~. r~ ot tloy (On"'ay.n~
tnnafer. or c.hang1i vf ()wn-uahlp 0 tile vrem~, .' ,
12, Th.t llO wai'yet' of itll)' :..V..~h41l.lt h(\".(~h, Of' (,f th~ rMii*ticzl w';;;J!"",,,d h:ltt'tby ~ at any tune
th@ft-Aft-\'!f to h~d to be *' waiwr of the Wn'n-l htr~A or 01 ~ noW ~tm:'" hereby.