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and insurance premiums, as the case may b~; ~t~h~~e~~c~e~''dhalf 6~srediteu by the mortgagee .»i subsegr.ent
payments to be made by thy: mortgagor. - If, however, the monthly payments made by the mortgagor
under (b) of paragraph 2 preceding shall not bd sug5cient tc pay ground rents, taxes and assessmentA
and insurance premiums as tl'ie case may be, when the same shall become due and payable, then the
mortgagor shall pay to tie mortgagoa any amount necessary to make up the deficiency, on or before the
date when payment of such ground rents, taxes, assrsament$, or insurance premiums shall be due. if
at any time•tl-e mortgagor shall tender to the mortgagee in acco*dancs with !h8 proviaiona of the note
secured hereby, full payment of tre entire indebtedness represented thereby, the mortgagee shall, in com-
puting the amount of such indebtedneatti credit to the account of the mortgagor all payments made under
the proviaiona of (a) of paragraph 2 hereof which the mortgagee has not become obligated to pay to the
Federal Housing Commissioner and any balance remaining in the funds accumulated under the prop isions
of (b) of said paragraph 2. If there shall be a default under any of the proviaiona of this mortgage, re-
sulting in a public sale of the premises covered hereby, or if the moi tgagee acq:aires the propert}• other-
wise after default, the mortgagee shall apply, at the time of the commencement of such proceedings or at
the time the property is otherwuse acquired, the balance then rem}a~ining in the fund9 accumulated under
(b) of paragraph 2_preceding as a credit a enta which hall have been~n ad under (a) of sa d paragraph
said cote and shall properly adjust any. paym
4. TY,at he will pay all taxes. assessments, water rates, and ofiier governments. or municipal charges,
fines, or impositions, for which provision has not been made hercinbefore, and in default khereof the mort-
gagee may pay the same; and that he will promptly deliver the olt'icial receipts therefor to the mortgagee.
b. That he will permit, commit, or suffer no waste, impairment, or deterioration of said propert;; or
any part thereof ;and in the event of the failure of the mortgagor to keep the buildings on said premises
and those to be erected on said premises, or improvements Thereon, in good repair, the mortgagee may
make such repairs as in its discretion it may deem necessary for the proper preservation thereof, and the
full amount of each and every such payment shall be immediately due and payable, and shall be secured
by the lien of this mortgage, - ~~' .
6. That he will pay ail and singular the coats, charges, and expenses, including reasonable lawyer's
feed, and costs of abstracts of title, incurred or paid at any time by the mortgagee because of the failure
on the part of the mortgagor promptly and fully to perform the agreements and covenants of said prom-
issory note and this mortgage, and said costa, charges, and expenses shall be immediately due and pay-
able and slu~ll be secured by the lien of this rnortgage.
7. That he will'teep the improvements now exlating or hereafter erected on the mortgaged property,
insured as may be required from time to lime by the mortgagee against loss by fire and other hazarc'g,
casualties, and contingencies in such amounts and for such periods as may be required by mortgagee,
and will pay romptly, when due, any premiums on such insurance for payment of which provision has
not been ma~e hereinbefore. All insurance shall be carried in cor.-pames approved by mortgagee and
the policies and renewals thereof shall be held by mortgagee and have attached thereto lose payable
clfuses in favor of and in form acceptable to the mortgagee. In event of loss he will give immediate
notice by mail to mortgagee, and mortgagee may make proof of loss if not made promptly by mortgagor,
and each insurance company concerned is hereby authorized and directed to make payment for such
loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or
any part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness
hereby secured or to the restoration or repair of the property damaged. In event of foreclosure of this
mortgage or other transfer of tide to the mortgaged property ~n extingu~ahment of the indebtedness
secured hereby, all right, title, and interest of the mortgagor in and to any insurance policies then in force
shall pass to the purchaser or grantee.
8. That the mortgagee may, at any time pending a suit upon this mortgage, apply to the court hav-
ing jurisdiction thereof for the appointment of a receiver, and such court shall forthwith appoint a
receiver of the premises covered hereby all and singular, including all and singular the income, profits,
issues, and revenues from whatever source derived, each and every of which, it being expressly under-
stood, is hereby mortgaged as if specifically set forth and described in the granting and habendum classes
hereof, and such receiver shall have all the broad and effective functions and powers in anywise
entrusted by a court to a receiver, and such appointment shall be made by such court as an admitted
equity and a matter of absolute right to said mortgagee, and without reference to the adequacy or inad-
equacy of the value of the property mortgaged or to the solvency or insolvency of said mortgagor or the
defendants, and that such rents, profits, income, issues, and revenues shall be applied by such receiver
according to the lien of this mortgage and the practice of such court. In the event of env default on the
part of the mortgagor hereunder, the mortgagor agrees to pay to the mortgagee cn demand as a reason-
able monthly rental for the premises an amount at least equivalent to one-twelfth (ci1z) of the aggregate
of the twelve monthly installments payable in the then current year plus the actual amount of the annual
taxes assessments, water rates, and insurance premiums for such yeas- not covered by the aforesaid
mont~.ly payments.
S. The mortgagor further covenants that should this mortg~ge and.the note secured hereby net be
eligible for insurance under the 1`'ational Housing Act withi~in Y Days! from the date hereof
(written statement of any ofiicgr of the Federal Housing Administration or authorized agent of the
Federal Housing Commissioner dated subaequeht to.the ~ • et time from the date of this
mortgage, declining to insure said note and this mortgage, ~e~n~ ~~C~ed conclusive proof of such in-
eligibility), the mortgagee or the holder of the note may, at its option, declare all sums secured hereby
immediately due and payable.
10. That (a) in the event of any breach of this mortgage or default on the part of the mortgagor, oi•
(b) in the event that any of said sums of money herein referred to be not promptly and fully paid with-
out demand or notice, or (c) in the event that each and every the stipalations, agreements, conditions,
and covenants, of said note and this mortgage, are not duly, promptly, and fully performed; then in
either or any such event, the said aggregate sum mentioned in said dote tl-,en remaining unpaid, with
interest accrued to that time, and all moneys secured hereby, shall become due and payable forthwith,
or thereafter, at the option of said mortgagee, as fully and completely as if all of the said sums of money
were oiginally stipulated to be paid ~n such day, anything in said note or in thi8 mortgage to the contrary
notwithstanding; and thereupon or thereafter, at the option of sald mortgagee, without notice or demfl.nd,
suit at law or inequity, may be prosecuted as if all moneys secured hereby had r,~,atured prior to its insti-
tution. The mortgagee may foreclose this mortgage, as to the amount so declared .due and payable- and
the said premises shall be sold to satisfy and pay the same together with costs, Qxpenaes, and allowances.
In case of partial foreclosure of this mortgage, the mortgaged premises shall be sold subject to the con-
tinuing 1=on of thie, mortgage for the amount of the debt not than due and unpaid. In such case `.lie pro-
viaiona of this pa-ragrapi- tnay again be availed of thereafter from time t.o time by the r;~ortgagee.
11. That she mortgagor will give immediate notice by mail to the mortga see of any conveyance,
transfer, or change of ownership of the premises.
12. That no waiver of any covenant herein or of the obligation secured hereby shall at any tuns
thereafter be held to be a waiver of the te-rrna hereof or of the note secured hereby.
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